Job Market Monitor
Michel Cournoyer
Greece and Germany: Ex-East residents resent paying for
Germany may be Europe’s most powerful economy. But its prosperity is so uneven that Poles just across the border see it differently: as a place where housing is a bargain. Fueled by an economic boom in their own country, Poles have been spilling into the former East Germany, still one of the poorest parts of … Continue reading
Canada – IKEA Now Hiring in Winnipeg
IKEA announced today that as the opening of the retailer’s newest store in Winnipeg approaches, the company is launching a major recruitment campaign. IKEA will be hiring 300 new co-workers, to support the new 390,000 square foot store. The new co-workers will be welcomed into an engaging environment with a strong focus on people and … Continue reading
New Australia visa policy: Malaysia fears brain drain
The new visa policy in Australia allows foreign graduates to apply for residency in the country and DAP Secretary-General Lim Guan argued that it could lead to widespread brain drain, deficits and an exodus of young people from the country. The new visa rules to be put in place next year by Australia will grant … Continue reading
Canada – Employment Insurance, April 2012 – Down 28,600 (-5.3%) to 513,700
The number of people receiving regular Employment Insurance (EI) benefits decreased for the third consecutive month in April, down 28,600 (-5.3%) to 513,700. The number of beneficiaries decreased in nine provinces, with the largest percentage declines occurring in Quebec, Ontario, Alberta and Saskatchewan. Source: The Daily — Employment Insurance, April 2012.
UK – Accor to create 3,500 in three years
Accor, the hotel operator has launched people development strategy, strengthening its commitment to providing a learning and development support to its future and existing employees across its network of 185 hotels in the UK. Académie Accor unveils today its new campus in London, a first-of-its-kind UK professional training centre offering exceptional teaching facilities to ensure … Continue reading
China – Factories production drops for an eighth consecutive month
China’s factory sector shrank for an eighth straight month in June as export orders sentiment hit its weakest level since early 2009, according to a survey that indicates the country’s economic trough may extend well into the third quarter. The HSBC Flash Purchasing Managers Index, the earliest monthly indicator of China’s industrial activity, fell to … Continue reading
US – Wealth Gap by race widens
White Americans have 22 times more wealth than blacks — a gap that nearly doubled during the Great Recession. The median household net worth for whites was $110,729 in 2010, versus $4,995 for blacks, according to recently released Census Bureau figures. The difference is similarly notable when it comes to Hispanics, who had a median … Continue reading
Air France – 5,000 jobs to be cut by 2013
French airline Air France has announced it is to cut more than 5,000 jobs by the end of 2013 in an attempt to reduce costs and return to growth. The figure represents just under 10% of the total workforce of 53,000. The job cuts form part of a restructuring plan to restore profitability, in the … Continue reading
US – How far would you travel to find work?
Joe Mako has used Tableau to plot unemployment relative to the national average for every US state between 1976 and 2012. The aptly named horizon chart represents values using both colour and dimensions. In this case orange and red shading indicate an unemployment rate above the national average, while shades of blue show the inverse. … Continue reading
Tea Party : Unemployment Higher Among Native Born than Immigrants
The unemployment rate for immigrant workers in the United States is lower than the unemployment rate for native-born workers, according to data from the Bureau of Labor and Statistics (BLS). BLS’s data show that unemployment among foreign born workers in May 2012 was 7.4 percent, while for native-born workers it was 8.0 percent. The data … Continue reading
UK unemployment benefit claims post unexpected rise
Mixed unemployment data show headline jobless rate fell 51,000 to 2.61m as claimant count rose 8,100 to 1.6m Source: m.guardian.co.uk. Related articles (jobmarketmonitor.com) UK unemployment falls by 51,000 and 166,000 more people in employment – ONS UK: Long-term youth unemployment grows eight-fold since 2000 UK Youth Unemployment | From 6,000 to 50,000 on Jobseekers’ Allowance for more than … Continue reading
Raising the minimum wage would be good for our economy
A higher minimum wage not only boosts workers’ incomes—something that is sorely needed to boost demand and get the economy going—but it also reduces turnover and shifts businesses toward a high-road, high-human-capital model. Still, some policymakers may be nervous about increasing the minimum wage while unemployment is so high. Yet, both the federal and states … Continue reading
UK Long term youth unemployment up 874% in 12yrs says TUC Report
The number of young people who have been unemployed for more than a year since 2000 has increased by an enormous 874 per cent (from 6,260 to 60,955), going up by 264 per cent in the last year alone. In comparison, on average across all working age groups, long-term unemployment has risen by 50 per … Continue reading
US – Gallup: Seasonally adjusted unemployment drops to 7.8% in June
U.S. unemployment, as measured by Gallup without seasonal adjustment, is 8.0% in mid-June, unchanged from the end of May but significantly better than the 8.7% for the month of June 2011. Gallup’s seasonally adjusted number is 7.8%, an improvement from 8.3% at the end of May, and down slightly from the previous seasonally adjusted low … Continue reading
UK unemployment falls by 51,000 and 166,000 more people in employment – ONS
For February to April 2012: • The employment rate for those aged from 16 to 64 was 70.6 per cent, up 0.3 on the quarter. • There were 29.28 million people in employment aged 16 and over, up 166,000 on the quarter. The number of people employed in the private sector increased by 205,000 to … Continue reading
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