Job Market Monitor
Michel Cournoyer
After the Great Recession : Underemployed and Underpaid
Throughout the Great Recession and the not-so-great recovery, the most commonly discussed measure of misery has been unemployment. But many middle-class and working-class people who are fortunate enough to have work are struggling as well, which is why Sherry Woods, a 59-year-old van driver from Atlanta, found herself standing in line at a jobs fair … Continue reading
A Recovery is not another recovery
The point that all recoveries are the same — whether preceded by a financial crisis or not — is argued in a recent Federal Reserve working paper by Greg Howard, Robert Martin and Beth Anne Wilson. It was also discussed in a recent article in the Wall Street Journal. It is mystifying that they can … Continue reading
As Income Inequality Grows, Some Movement at the Top and Bottom
A recent Fed report examines the income of families in 2007 and the same families in 2009, distributed in 20 percent brackets. According to the report, 69.4 percent of those in the lowest income bracket in 2007 were also in the lowest bracket two years later; 19.1 percent rose to the second quintile, 6.7 to … Continue reading
UK: Long-term youth unemployment grows eight-fold since 2000
The number of young people out of work for at least a year has grown eightfold in the last decade, a grim analysis shows ahead of Wednesday’s official unemployment figures The report by the TUC reveals an “enormous” increase in long-term youth unemployment over the past 12 years, with the number of 18 to 24 … Continue reading
Jetset cuts 110 as profits fall
Most of the pain from the latest restructure will be felt by those working at its travel management division, which will lose about 66 of the 110 jobs to be cut. The Age Link: http://www.theage.com.au/business/jetset-cuts-110-as-profits-fall-20120618-20k7r.html
The Economic Recovery is Floundering
In the lead-up to the G20 summit in Los Cabos, the Brookings-FT Tiger index shows that this stop-and-go global recovery has stalled once again. The engines of world growth are running out of steam while the trailing wagons are going off the rails. Emerging market economies are facing sharp slowdowns in growth while many advanced … Continue reading
Fairfax Media to cut 1900 jobs in Australia
Publisher of the Sydney Morning Herald and the Age to cut jobs, introduce paywalls and change broadsheets to compact format. The Guardian Link: http://www.guardian.co.uk/media/2012/jun/18/fairfax-media-job-cuts-australia
In Europe Mobile Operators Embrace Consolidation
BERLIN — European mobile telephone operators are primed to enter a … Everything Everywhere cut 1800 jobs, or 11 percent of its work force, in 2011 and is on … Link: http://www.nytimes.com/2012/06/18/technology/18iht-telecoms18.html
The Talent War – Skilled international workers in high demand: recruitment executive
According to this index, which the company has been generating since 2008, the job market for these workers has remained relatively strong and steady in East … Link: http://view.koreaherald.com/kh/view.php?cpv=0&ud=20120618001286
Indian IT companies halt lateral hiring
Campus recruitment for entry-level jobs is still on, lateral techhiring seems to have come to a near halt with many IT firms giving fresh instructions to third party … Link: http://bit.ly/KHxXkD
Infosys Delays Hiring of Entry-Level Staff
India’s Infosys said the process of completing the hiring of entry-level employees who have already been offered jobs is likely to be delayed by three months…. http://online.wsj.com/article/SB10001424052702303703004577474130517616906.html Envoyé via Flipboard, votre magazine social pour l’iPad et l’iPhone. Envoyé de mon iPad
Flexible hours not a help for workers over 45
BUSINESS has warned that a proposal to change the nation’s workplace laws to allow older workers to demand flexible working arrangements could backfire. The Australian Law Reform Commission is examining whether the Fair Work Act should be changed to allow workers aged over 45 to seek flexible arrangements that are now confined to people with … Continue reading
NZ brain drain in decline
When Australian growth figures were released a fortnight ago, many in New Zealand sighed and carried on: the cross-Tasman brain drain – now 1000 people a week – was clearly set to continue apace. But will it? New Zealand’s national character could fairly be categorised as Scottish Protestant. It is a culture that easily lends … Continue reading
When 50 per cent youth unemployment is (apparently) protecting the grand kids
Over the last week, a Londoner and a Glaswegian have publicly embarrassed themselves with statements made about the current economic situation. One is an academic historian who hasn’t fully understood history. The other a politician who is seeking to deny the obvious and somehow blur his own culpability in driving the British economy back into … Continue reading
In The News | Canada – Employment and unemployment, A pledge for veterans, Layoffs, Cross-border shopping and Much More
Canada – After 2 months of large gains, employment was unchanged in May, and the unemployment rate remained at 7.3%. Following two months of large gains, employment was unchanged in May, and the unemployment rate remained at 7.3%. Compared with 12 months earlier, employment increased 1.2% or 203,000. Virtually all of this growth was in full-time work, up 192,000 (+1.4%). The total … Continue reading
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