Job Market Monitor
Michel Cournoyer
Economics has increasingly become an intellectual game
Economics has increasingly become an intellectual game played for its own sake and not for its practical consequences for understanding the economic world. Economists have converted the subject into a sort of social mathematics in which analytical rigour is everything and practical relevance is nothing. At least three Nobel laureates have expressed their concerns. At … Continue reading
Older Workers Don’t Crowd Out Younger Workers For Jobs
How often have you heard people say that older workers putting off retirement and staying on the job longer means fewer opportunities for younger workers? Well, a new report finds just the opposite is true. Researchers for the Pew Charitable Trusts looked at the government’s Current Population Survey for data on workers ages 20 to … Continue reading
Skills Gap – Employers and Colleges Point Fingers at Each Other
For much of the first decade of the new millennium, Samuel J. Palmisano and A.G. Lafley led two of the biggest names in American business: IBM and Procter & Gamble. By the time they were named chief executive officers, the two iconic companies were in need of the makeovers the two leaders eventually helped engineer. … Continue reading
Fed will do whatever it takes to get hiring going
Fed up with the anemic pace of hiring, the Federal Reserve promised Thursday that it would do whatever it takes to reduce unemployment. The Fed stepped up its efforts to boost economic growth, opting for a … http://www.marketwatch.com/story/fed-will-do-whatever-it-takes-to-get-hiring-going-2012-09-13
Canada – Federal civil service hit with 1700 more job notices
So far, CBC News has been made aware of letters issued to some 1,600 employees with Human Resources and Skills Development Canada (HRSD), the department responsible for administering the employment insurance (EI) system, old age security (OAS) … See all stories on this topic » CBC.ca http://www.cbc.ca/news/canada/windsor/story/2012/09/13/pol-federal-civil-servants-cuts.html
Where Have the Workers Gone?
Jessie Romero of the Richmond Fed analyzes why so many people are leaving the labor force, and what are they doing after they exit: Where Have All the Workers Gone?, by Jessie Romero, Richmond Fed: Since September of last year, the unemployment rate in the United States has declined nearly a full percentage point, from … Continue reading
OECD – Weak growth outlook is expected to push unemployment beyond today’s already high levels
The global economy is slowing, with key European countries entering a recession that is now having an impact worldwide, the OECD said in its latest Interim Economic Assessment. “Our forecast shows that the economic outlook has weakened significantly since last spring,” Mr Padoan said. “The slowdown will persist if leaders fail to address the main … Continue reading
OECD Education at Glance – Video
Andreas Schleicher, OECD Deputy-Director of Education speaks about the key finding of this year’s OECD Education at Glance. He says, education spending is rising but access to higher education remains unequal in most countries. Governments should increase investment in early childhood programmes and maintain reasonable costs for higher education in order to reduce inequality, boost … Continue reading
UK – Job cuts of 10% for cops
Almost 6800 police posts have been downsized since the 2010UK general election as a result of British austerity measures, according to a House of Commons analysis of updated Home Office figures… http://rt.com/news/uk-police-jobs-cut-838/
Deutsche Bank to Increase Job Cuts
Deutsche Bank AG (DBK), Europe‘s biggest bank by assets, will cut jobs and review its pay practices to help boost profitability as capital requirements rise and Europe’s debt crisis drags on. “Compensation practices are one important way to achieve … http://www.bloomberg.com/news/2012-09-11/deutsche-bank-plans-more-cuts-in-headcount-pay-to-reach-goals.html
Canada – Youth largely working or learning says an OECD report
Economic turmoil may have been pushing young people out of the workforce and sidelining them from their educational goals, but a report from the Organization for Economic Co-Operation and Development suggests Canada’s youth are faring better than most. The organization’s “Education at a Glance” report found that 14 per cent of Canadians between 15 and … Continue reading
Canada – Workers No Longer Engaged in Jobs
Canada has a productivity gap that continues to create challenges for organizations attempting to becoming more competitive, a new report suggests. Towers Watson, a New York professional services company with an HR consulting office in Vancouver, released a report that exposes a lack of sustainable engagement in the Canadian workforce. According to Towers Watson, organizations … Continue reading
Nigeria – Brain Drain – Kano loses 100 doctors in six months – NMA
The Nigerian Medical Association has urged Kano state government to declare state of emergency in the health sector to halt the mass exodus of medical practitioners from government hospitals across the state. The NMA said that the state has witnessed the disengagement of over one hundred medical doctors in the last 6 months. Briefing newsmen … Continue reading
(UPDATE) Unilever – Port Sunlight – Confirms decision to axe 350 jobs in Wales
The consumer products giant confirmed that 225 jobs are to be lost with the closure of its personal care products site in Swansea, and a further 25 at its distribution site in Bridgend as it concentrates operations at its Port Sunlight base. http://www.walesonline.co.uk/news/wales-news/2012/09/13/unilever-confirms-decision-to-axe-350-jobs-in-wales-91466-31828312/
Ireland – FG Wilson to cut 760 jobs
Up to 760 jobs are to be cut by a major engineering company in the North, it was announced today. FG Wilson, which is part of the international Caterpillar corporation, said the losses are part of measures to make the business more efficient and … Irish Times http://www.irishtimes.com/newspaper/breaking/2012/0913/breaking20.html Envoyé via Flipboard Envoyé de mon iPad
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