Job Market Monitor
Michel Cournoyer
Vets Unemployment : 10.3%
On Friday, the Bureau of Labor Statistics released Veteran unemployment data for the month of March. The unemployment rate for one closely watched group, Iraq and Afghanistan-era Veterans (or Gulf War II-era Veterans), was 10.3 percent. While this reflects a higher number than in February, the trend over the past 27 months—since January 2010—remains downward … Continue reading
Greeks | Unemployment | The greatest fear
Unemployment is the Greeks’ number one fear for the future, according to an ALCO opinion poll appearing in the latest issue of Crash magazine. Specifically, 42 percent of those questioned said that unemployment was their biggest fear for the future, in a nationwide poll sampling 1,200 adults from March 20 to 27. The second most … Continue reading
The “end welfare as we know it” and the Great Recession
Perhaps no law in the past generation has drawn more praise than the drive to “end welfare as we know it,” which joined the late-’90s economic boom to send caseloads plunging, employment rates rising and officials of both parties hailing the virtues of tough love. But the distress of the last four years has added … Continue reading
Malaysia | 60% of jobs by 2020 would need skilled workers
There will be 3.3mil job opportunities by the year 2020 and 60% of it requires highly skilled workers. Deputy Human Resource Minister Senator Datuk Maznah Mazlan said as such, SPM school leavers were encouraged to take up skills training to build up a highly-skilled workforce in facing the transformation era. “We have moved beyond the … Continue reading
Lockheed Martin | 450 to 500 layoffs in Salina
Lockheed Martin announced on Thursday that it will lay off 450 to 500 workers in its Mission Systems and Sensors (MS2) Division . The division has a facility in Salina. Lockheed Martin says it will first offer a voluntary layoff program followed by an involuntary one… Source: Read More @ 450 to 500 layoffs announced for … Continue reading
Microsoft, Silatech launch Egypt job portal
Qatar-based Silatech has partnered with Microsoft to launch MasrWorks.com, an online employability portal for Egypt that supports workforce development for the country’s youth. MasrWorks is available in both Arabic and English, and provides resources ranging from online career guidance, employability and entrepreneurship training, to specific work experience and job opportunities. MasrWorks represents the first stage of … Continue reading
India | Telecom | Enormous Potential Job Losses
The potential job losses in the Indian telecom industry are “enormous” in the wake of 2G licence cancellations and many of the affected entities have started trimming their workforce, according to HR experts. “Most of the companies whose 2G licences were cancelled are reducing their workforce. This is happening at all levels Only people at … Continue reading
U.S. Public Employees | More Layoffs
Public-sector employees tended to have more job security, which in some ways helps during weak economic climates, as their steady demand for goods and services spread through the economy. The recent trend, conversely, can make things worse. “If public-sector employment had grown since June 2009 by the average amount it grew in the three previous … Continue reading
U.N. | First World Happiness Report Launched
The happiest countries in the world are all in Northern Europe (Denmark, Norway, Finland, Netherlands). Their average life evaluation score is 7.6 on a 0-to-10 scale. The least happy countries are all poor countries in Sub-Saharan Africa (Togo, Benin, Central African Republic, Sierra Leone) with average life evaluation scores of 3.4. But it is not … Continue reading
U.S. | From Unemployment Insurance to Employment Insurance
Pennsylvania millionaire Gene Epstein’s Hire Just One project proposes redirecting unemployment checks to employers as a payroll subsidy reports Newsy. via Newsy | Philanthropist Pitches Jobs Plan to Congress | Multisource Video News Analysis.
Amazing Numbers About Today’s Job Market
Morgan House indentifies 50 Amazing Numbers About Today’s Economy on fool.com. Here is a sample of some of those related to the Job Market, in no particular order. 49. According to economist Tyler Cowen, “Thirty years ago, college graduates made 40 percent more than high school graduates, but now the gap is about 83 percent.” 48. Of all … Continue reading
Canada | West | Worker shortage looms again
Remember the bumper sticker from the ‘80s, “Please God, let there be another oil boom. I promise not to piss it all away the next time.” That, of course, was two booms ago. Now we are on the cusp, the very beginning of the third. We seem to be getting smarter at this, but not … Continue reading
Job Report | There is more work to be done says the White House | Bernanke is Right
The Employment Situation in March | The White House There is more work to be done, but today’s employment report provides further evidence that the economy is continuing to recover from the worst economic downturn since the Great Depression. It is critical that we continue to make smart investments that strengthen our economy and lay a … Continue reading
Which OECD country is the busiest ?
Mexico is 1st and Canada is 4th. U.S. is below average. This is coming from: Who’s busiest: working hours and household chores across OECD published on OECD site. The overall picture “Mexicans work longer days than anyone else in OECD countries, devoting 10 hours to paid and unpaid work, such as cleaning or cooking at … Continue reading
Older workers | Productivity : Average age-productivity profile of individual workers is increasing until age 65
“Older workers are often thought to be less productive” write Axel Börsch-Supan and Matthias Weiss in PRODUCTIVITY AND AGE: EVIDENCE FROM WORK TEAMS AT THE ASSEMBLY LINE published on mea.uni-mannheim.de. “This impression is widespread and implicit in many discussions about aging, even in our economic textbooks. Often regarded as an established fact, it has profound implications for personnel … Continue reading
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