Job Market Monitor
Michel Cournoyer
UK Labour Market | Surprisingly Positive Results
The employment rate for those aged from 16 to 64 was 70.4 per cent, up 0.1 on the quarter. There were 29.17 million people in employment aged 16 and over, up 53,000 on the quarter. The unemployment rate was 8.3 per cent of the economically active population, down 0.1 on the quarter. There were 2.65 … Continue reading
UK | Youth main job sectors have shed nearly a million jobs since 2007
The manufacturing and construction sectors have suffered the biggest loss of jobs since the eve of the recession, while finance and business services is the only sector with a bigger workforce today, according to a TUC analysis published today (Tuesday) ahead of a busy week of economic indicators. The TUC analysis looks at industries including … Continue reading
U.S. | Due for a raise in the Minimum Wage
Here’s an unhappy observation about the minimum wage: Congress last increased the rate in stages in 2006, topping it out at $7.25 an hour in 2009, or $15,080 a year. That amount, when adjusted for inflation, is actually lower than what a minimum-wage worker earned in 1968 and is too meager to offer anyone the … Continue reading
U.S. Unemployment | Gallup Provides A Mixed Picture
U.S. unemployment, as measured by Gallup on a preliminary basis without seasonal adjustment, declined to 8.2% in mid-April from 8.4% in March. However, the government’s likely seasonal adjustment of 0.3 percentage points leads to a Gallup seasonally adjusted U.S. unemployment rate of 8.5% in mid-April, up from 8.1% last month. Working Part Time but Wanting … Continue reading
Aquascutum | 250 jobs at risk
Administrators FRP Advisory have been called in to try and find a buyer for the brand and some or all of its assets. The decision to place the company in administration will be a major blow to Mr Tillman who only yesterday sold the majority stake in one of his other major retail assets, Jaeger, … Continue reading
Minimum Wage | Options for a radical reform
Professor Alan Manning, Head of the Economics Department at the London School of Economics where he has taught since 1989, takes steps back from the current annual debate about the appropriate but small rise in the value of the minimum wage to ask a bolder question: are there more radical reforms of the minimum wage that … Continue reading
Soros | Euro crisis could destroy the EU
Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies. “I’m afraid that the euro crisis is getting worse. It’s not over yet, and it is going in the wrong direction,” Soros said in discussion with Denmark’s … Continue reading
U.S. Entrepreneurship | Immigrants were more than twice as likely to start businesses each month in 2011
The Kauffman Index of Entrepreneurial Activity is a leading indicator of new business creation in the United States and is presented a very comprehensive report. (Adapted Report excerpts by Job Market Monitor following) The Kauffman Index reveals important shifts in the national level of entrepreneurial activity and shifts in the demographic and geographic composition of new entrepreneurs across … Continue reading
Georgia | Some of highest income taxes on the working poor
Tuesday is the last day to file state and federal income tax returns. The deadline comes near the release of a report by the Washington-based Center on Budget and Policy Priorities, which says Georgia levies some of the nation’s highest income taxes on the working poor. The report says Georgia is one of only 15 … Continue reading
April 17 – Equal Pay Day | Top 10 Facts
While the wage gap has certainly narrowed with the past generation of working women—in 1967 women only earned about 58 cents to a man’s dollar—progress has stalled in recent years. If progress continues at its current rate, it will take 45 years to eradicate the wage gap. Given the unfortunate fact that the gender wage … Continue reading
Inequality in America and the Incomes of the Super Rich – Brookings Institution
Question: where would the richest household in the bottom 98 percent-the one at the “98th percentile”-end up? With $350,000, it only would be on the 93rd floor-three-fifths of the way up the building, and 67 floors below the household at the 99th percentile. The household at the 90th percentile would only be on the 35th … Continue reading
3 Tips for a Job in China
Here are three things you should know about landing a job in China: 1. You don’t have to be fluent in Chinese to get a great offer 2. You are no longer special just because you’re a foreigner 3. Bad job-hunting advice is everywhere Source: Read More @ 3 Tips for Landing a Resume-Building Job in … Continue reading
U.S. | Reverse Brain Drain | More U.S. Children of Immigrants Are Leaving
In growing numbers, experts say, highly educated children of immigrants to the United States are uprooting themselves and moving to their ancestral countries. They are embracing homelands that their parents once spurned but that are now economic powers. Some have arrived in the United States as young children, becoming citizens, while others were born in the … Continue reading
Rwanda |10,000 New Jobs Created in 2011
Rwanda received US$ 626 million worth of investments from both foreign and local investors in 2011, a development that is expected to create about 9,060 new jobs. According to Rwanda Development Board’s 2011 statistics, the jobs were made available by 6,000 investment projects that the agency registered as of December 31, 2011. Agriculture, the country’s … Continue reading
World | Global Unemployment at 8% in 2011
Global unemployment remained stable at 8% between 2010 and 2011, according to Gallup surveys in 148 countries. Unemployment was highest in the Middle East and North Africa (22%) and sub-Saharan Africa (17%) last year and lowest in Asia (5%). Countries and territories such as South Africa, Botswana, Swaziland, Iran, Iraq, and the Palestinian Territories — … Continue reading
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