Job Market Monitor
Michel Cournoyer
Euro Crisis – Former German Chancellor Schmidt – Could End Badly
Since the beginning of the debt crisis, the European rescue efforts might have managed to save a number of banks, but they have failed so far in preventing recessions, lowering unemployment rates, or even decreasing anxiety, said former German Chancellor Helmut Schmidt according to a Handbelsbalt report. “After half a century since the beginning of … Continue reading
Visual Portfolios Online
Name: Pathbrite Quick Pitch: Pathbrite offers students and young job seekers a way to present their accomplishments holistically online. Genius Idea: The digital platform lets users construct visual portfolios by pulling in representative pieces — pictures, links and published work — of themselves into one place. From online media to search, the web is becoming … Continue reading
Las Vegas’s Had the Highest Black metropolitan unemployment in 2011, Followed by Los Angeles
In 2011, the nationwide African American unemployment rate stood at 15.9 percent—and in several of the country’s large metropolitan areas, the black unemployment rate was significantly higher. This issue brief examines African American unemployment rates of the 19 metropolitan areas for which we could derive reliable estimates.1 The key findings of this brief are: In … Continue reading
Europe joblessness among young rises – Eurozone: 22.6%, Spain: 52.1%, Italy: 36.2% …
More than one in three young Italians are out of work after the youth unemployment rate hit a record 36.2pc in May. The figure was a rise from 35.3pc in April, and far outpaced the eurozone average of 22.6pc in May. Unemployment among the under-25s also remained a huge problem in Spain, where more than … Continue reading
With so few employers recruiting young people, might the reason be that some candidates simply aren’t good enough?
While the majority of employers are satisfied with their young recruits, a not insignificant minority are not. The next chart shows what proportion of employers (who have recruited a young person) have found their young recruits to be poorly prepared for a variety of reasons. The overwhelming factors are experience and attitude or motivation. Of … Continue reading
UK youth employment challenge – A Report
By comparison to other European countries, youth unemployment in UK is just below average at around 22%, but it is rising and has been rising since 2005. This suggests structural causes beyond the current economic situation: The labour market has been changing in ways that impact negatively on young people Recruitment practices make it increasingly … Continue reading
Smartphones and Workalcholism
With today’s technology, the traditional 8-hour workday is becoming obsolete (and nearly impossible). Smartphones, which give us easy access to things like social media, texting, and e-mail, are making it easier and easier to stay connected around the clock. Unfortunately, it appears we are becoming addicted to being plugged into work 24 hours a day, … Continue reading
India – Skills Gap – Public Private Partnership : The National Skill Development Corporation
India’s workforce skills development needs are gigantic : 25% of the world’s new workers in the next decade will be Indian… But an unemployed, uneducated or unskilled Indian is not a free Indian—and usually a poor Indian.” writes Manish Sabharwal in Can India’s demographic dividend deliver prosperity? on economictimes.indiatimes.com. (link) “The Indian education sector has grown manifold in terms of diverse range of … Continue reading
India – More vocational capacity needs to be created
As things stand now, the numbers simply don’t add up. In the national capital region alone, 85% of students cleared the boards this year. In absolute numbers, this is 2,00,393 candidates. DU has 54,000 seats. Other than an increase in seats following implementation of the OBC quota in 2009, college seats have remained constant…. “We’ve … Continue reading
Malaysia – Skills Gap in hotels makes it hard to get workers
The Sabah Hotel Association (SHA) is now experiencing difficulties in recruiting skilled workers to join the hotel industry due to various factors such as rapid room growth in the State. Its president, Christopher Chan, said the hotel industry in Sabah had gone through major changes both in terms of the number of hotels that have … Continue reading
North Korea guest workers in China
China is quietly inviting tens of thousands of North Korean guest workers into the country in a deal that will provide a cash infusion to help prop up a teetering regime with little more to export than the drudgery of a desperately poor population. The deal, which has not been publicly announced by either Beijing … Continue reading
ILO – European public sector under threat
A new ILO study shows budget deficits have led to significant cuts in European public sector expenditure, employment and wages. It also discusses the key role of social dialogue under the present circumstances. Unprecedented public sector adjustments combined with a lack of social dialogue between government and employees has lowered job security, pay and working … Continue reading
Finance – Midlevel Jobs Going Out of Wall Street
New York’s biggest investment houses are shifting jobs out of the area and expanding in cheaper locales in the United States, threatening the vast middle tier of positions that form the backbone of employment on Wall Street. The shift comes even as banks consider deeper staff cuts here, which could undermine the state and city … Continue reading
Namibia – Rio Tinto: Rössing workers face layoffs
RIO Tinto group chief executive Tom Albanese this week dropped a bombshell when he announced that employee costs across the group would be slashed by ten per cent, including at Swakopmund’s Rössing Uranium. A large chunk of the group’s employees may lose their jobs within the next three months. In the letter which Albanese wrote … Continue reading
US – Hospitals laid off more employees in May
Hospitals laid off more employees in May than in prior months, but mass layoffs in the ambulatory care setting declined slightly, according to a monthly report issued June 20 by the U.S. Dept. of Labor’s Bureau of Labor Statistics. Eleven mass layoffs affecting at least 765 people occurred in the hospital setting in May. Only … Continue reading
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