Job Market Monitor
Michel Cournoyer
Massachusetts | Career centers are key for Older Workers looking for jobs
Older job seekers told members of the state’s Jobs Creation Commission yesterday that career centers have given them the confidence and skills they need to try to re-enter the work force. State Sen. Karen Spilka, D-Ashland, and co-chairwoman of the commission, said at the hearing in Framingham Public Library the importance of career centers — … Continue reading
UK Youth Unemployment | From 6,000 to 50,000 on Jobseekers’ Allowance for more than one year
As recently as 2008 there were fewer than 6,000 18-24 year olds who had been on Jobseekers’ Allowance for more than a year. That number is now just under 50,000 – more than eight times as many. This is not just the recession and its aftermath: after falling back somewhat in the year to May … Continue reading
Netherlands | Long-term unemployement increases dramatically among lower educated
During the past two years, the number of people who were unemployed in the Netherlands for twelve months or more has risen noticeably: from 91 thousand in 2009 to 139 thousand in 2011. Long-term unemployment is much more frequently found in the age category 25-45 and among lower educated. Young people are often unemployed only … Continue reading
U.S. Taxes Rates | Wealthiest pay 40% less than 50 years ago while middle class pay roughly the same
Michael Greenstone and Adam Looney of The Hamilton Project – Brookings Institute examine the progressivity of the U.S. tax code and highlight two facts: the current U.S. tax system is less progressive than the tax systems of other industrialized countries, and considerably less progressive today than it was just a few decades ago. The figure below shows how much … Continue reading
Education still matters for unemployment
Despite gains in employment, uneducated workers are still three times more likely to be unemployed than college-educated workers. According to the latest report from the Bureau of Labor Statistics, the unemployment rate was 8.2% in March, which is a large improvement over the near-record high of 10.2% two years ago. While unemployment rates have improved for most workers, the … Continue reading
Canada | Space programs face layoffs
Federal budget cuts could be felt far, far away — up in outer space. A 10 per cent budget cut over 3 years may impact new projects most. Industry leaders are worried that cuts to the Canadian Space Agency announced in the recent budget might hurt critical programs. There are fears of possible layoffs among employees, … Continue reading
Employer Tax Credits May Be a Useful Policy Tool
The 2007 Expansion of the Work Opportunity Tax Credit (WOTC) Program Increased Employment Among Disabled Veterans concludes Paul Heaton in The Effects of Hiring Tax Credits on Employment of Disabled Veterans published by rand.org. (adapted excerpts by Job Market Monitor to follow) Among the myriad federal programs available to assist unemployed veterans, few have been subjected to the rigorous empirical evaluation … Continue reading
India | Textile sector loses 100,000 workers to NREGA in 5 years
The country’s biggest man-made fibre industry in the city, which contributes to about 40 per cent of the nation’s man-made fabric demand, is facing an acute shortage of workers. A huge chunk of skilled workers from states like Bihar, Uttar Pradesh, Orissa and Andhra Pradesh employed in the weaving and processing sectors have shifted to … Continue reading
Is it 75 now instead of 65?
Much has been written about the fact that financial necessity is making Canadians decide to stay in the work force past the traditional retirement age of 65. But there’s also a growing grey market of seniors who are choosing to recommit to their careers in their 60s and 70s. Older workers have dominated recent gains … Continue reading
China | $2.4 bn deal will create more than 10,000 jobs in India
Power Construction Corporation of China said on Friday it had signed a $2.4 billion contract to build the second phase of a massive coal-fired power complex in southern India that will help meet soaring local demand for electricity. The second phase of the project for India’s Infrastructure Leasing & Financial Services Limited (IL&FS) will include … Continue reading
U.S. CONGRESSIONAL BUDGET OFFICE | How To Respond to Persistently High Unemployment
The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. CBO projects that the unemployment rate will remain above 8 percent until 2014. The share of unemployed people who have been looking … Continue reading
European Wind Energy Association sees 500,000 jobs to Europe by 2020
Wind energy to bring 500,000 jobs to Europe by 2020 according to a new report from the European Wind Energy Association (EWEA) Wind power has certainly been gaining more attention throughout Europe, despite concerns regarding efficiency and viability. Many European countries are beginning to adopt and make use of wind turbines and some have become … Continue reading
Malaysia | Skills Gap | Still a problem
Sarawak will need to hire skilled manpower from Peninsular Malaysia and overseas to address shortage faced by industrialists by the year 2015. Assistant Minister in the Chief Minister’s Office (Promotion of Technical Education) Datuk Len Talif Salleh said the state could produce about 30,000 skilled manpower each year against the needed 226,493 three years from … Continue reading
Business School Grads | 6 Résumé Writing Tips
If you’re nearing your degree’s completion and beginning the job hunt, then it’s imperative to perfect the document that best sells and summarizes your professional qualifications. Career experts offer these six résumé-writing tips for you: 1. Use Situations, Tasks, Actions (STAR) as a formatting guide 2. Stick to one page 3. Ditch the objective 4. Place … Continue reading
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