Job Market Monitor
Michel Cournoyer
US – Corporate Profits decreased $6.4 billion in the first quarter, a very bad news for private sector non-farm employment
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) , in contrast to an increase of $16.8 billion in the fourth quarter. Current-production cash flow (net cash flow with inventory valuation adjustment) — the internal funds available to corporations for investment — decreased $123.9 billion in the first quarter, in contrast … Continue reading
UK – Higher Education – The proportion of unemployed full-time first degree leavers reaches a high of 10% in 2008/09
In 2010/11 there were 224,045 full-time first degree graduates whose destinations were known, compared to 213,390 in 2009/10. In 2010/11, 63% (140,085) were in employment only and 9% (20,620) were assumed to be unemployed both showing no change since 2009/10. (See Table 1 and Chart 1.) In 2010/11, of the full-time first degree graduates whose … Continue reading
Dating: Unemployment is biggest turn-off
Despite tough economic times and a solid unemployment rate, a new study has revealed that women are not interested in dating a man with no job. Dating site, It’s Just Lunch, surveyed 925 men and women and found that a whopping 75per cent of women were turned off by unemployment. Though notably conducted by a … Continue reading
German unemployment climbs
Recent official figures have revealed that the number of unemployed people in Germany jumped by 7,000 in June, giving an unemployed rate of 6.8 percent of the workforce. The German Labor Office said on Thursday that the number of people out of work in Europe’s largest economy increased by a seasonally-adjusted 7,000 to 2.882 million … Continue reading
UK – Employers reluctant to invest in training during tough times
But organisations cut training despite believing in benefits The majority of executives believe that training boosts productivity and profits, but are reluctant to back this by investing in it during tough times, research has shown. A survey of UK and US senior executives by the Economist Intelligence Unit (EIU) found that 90 per cent agreed … Continue reading
UK – Recession deeper than feared
The Office for National Statistics (ONS) confirmed the economy shrank by 0.3pc in the three months to March, unchanged on its previous estimate, but revised the data for the final quarter of 2011 from a contraction of 0.3pc to 0.4pc. The figures also revealed the toll the double-dip has taken on families. Household disposable income … Continue reading
UK – Skills Gap: Recruiters search abroad
A skills gap in the UK is driving demand for immigration professionals to source staff from abroad. A focus group study of more than 50 immigration professionals working across the sector commissioned by recruiter JAM revealed that Asia is the most popular talent hunting ground for UK organisations. Skills shortages in the UK are the … Continue reading
Unemployment and Older Workers Drive Competition in Labor Market
About 74 percent of Americans say they plan to work past age 65, according to a May study by economists Jay Bryson and Sarah Watt of Wells Fargo Securities LLC in Charlotte, North Carolina. Thirty-nine percent said they need to earn to make ends meet or maintain their lifestyle, and 35 percent wanted to stay … Continue reading
25% international students in OECD region are from China or India
Individuals from China and India make up one-fourth of total international students in the OECD region, a grouping of mostly developed nations. These students are also an important source of future labour migration, Paris-based think tank OECD said today. “The share of migrants from Asia among immigrants to OECD countries rose from 27 per cent … Continue reading
Unemployment Claims in US – Very bad news: Revised Nbre @ 400K and Still Near 2012 High
Unemployment Insurance Weekly Claims Report | SEASONALLY ADJUSTED DATA In the week ending June 23, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 6,000 from the previous week’s revised figure of 392,000. The 4-week moving average was 386,750, a decrease of 750 from the previous week’s revised average of 387,500. The advance … Continue reading
Employment policy is also health policy
Employment policy is also health policy according to a University of British Columbia study that found that workers experienced higher mortality rates if they didn’t have access to social protections like employment insurance and unemployment benefits. Researchers with the Human Early Learning Partnership and the School of Population and Public Health at UBC found that … Continue reading
Skills Gap – Ohio: Manufacturers need qualified workers
The No. 1 issue facing manufacturers in Ohio is the difficulty finding qualified skilled workers to meet the needs of the industry in the state, according to sources at the Manufacturing and Distribution Update held June 27 at The Pinnacle in Maumee by Gilmore, Jasion & Mahler Ltd. (GJM). Staff members from GJM learned about … Continue reading
IT Jobs – Always there, always there, always there
It’s what we expect from technologies like smart phones and websites in this hyper-speed, hyper-connected world. But what about you, the people who support those technologies?
US – Stop the vocational education failure
Many American adolescents don’t want to go to college. They reject as boring and aggravating the Advanced Placement, International Baccalaureate and other college-level courses offered to them in high school. Yet, they need reading, writing, math and time-management skills for good jobs or trade school slots when they graduate. How can they be persuaded to … Continue reading
Chicago – Federal Savings Bank to create 400 jobs
The Federal Savings Bank, a Kansas-based home lender bought last year by a pair of Chicago brothers in the mortgage banking business, is opening a national home loan center in the West Loop that it says will create 400 jobs over three years. The bank said it’s getting $18 million in tax breaks over 10 … Continue reading
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