Job Market Monitor
Michel Cournoyer
U.S. | 2011 Employment Situation of Veterans : Unemployment Rate drops to 8.3 % (from 8.7 % in 2010)
The unemployment rate for veterans who served on active duty in the U.S. Armed Forces at any time since September 2001–a group referred to as Gulf War-era II veterans–was 12.1 percent in 2011, the U.S. Bureau of Labor Statistics reported today. The jobless rate for all veterans was 8.3 percent. Twenty-six percent of Gulf War-era … Continue reading
Active Labour Market Policy | Profiling potential long-term unemployment at the individual level
“Many OECD countries have developed and currently utilise a profiling tool which predicts the risk of Long-term unemployment (LTU). Pioneers in the development of this tool in the early 1990s included the US, Australia, Canada and the UK followed in later years by Germany, Denmark, Switzerland, Ireland, France and the Netherlands amongst others” writes Mgr. Tomas … Continue reading
College graduates of 2012 | Labor market improves
This year’s college graduates are being offered more jobs and fatter paychecks. Members of the Class of 2012 are being offered median starting salaries of $42,569 — up 4.5% from last year, a new report from the National Association of Colleges and Employers shows. Meanwhile, they have more jobs to choose from. Employers expect to … Continue reading
Skills Gap | Car Maker | More jobs than job seekers
After laying-off tens of thousands of employees in 2009, automakers and engineering firms are racing to fill new positions. Paul Eisenstein writes on The Detroit Bureau that at a recent career fair, job openings weren’t in short supply – job seekers were. Or more precisely, qualified job-seekers. Source: Read More @ More jobs than job seekers, … Continue reading
Tennessee | Drug Testing For Unemployment Dies
While a number of Tennessee lawmakers want to see drug testing for unemployment benefits the bill stalled in the House, even after a Congressional path was cleared for it. The controversial question of drug testing residents before handing out unemployment benefits has been a hot button topic in the legislative session. State Lawmakers got their … Continue reading
Migration: less New York more New Delhi
Everyone is moving to the city – and, especially, emerging market cities. According to a report by Credit Suisse this week, by 2037 half of the world’s population will live in one emerging market city or another. So where should investors look to first if they want to capitalize on this trend? Apparently the smart … Continue reading
Unemployment Rate | Where is it going ?
Unemployment rate: How low can it go? The unemployment rate has fallen dramatically over the last six months, but just how low can it go? The answer is being debated among two camps of prominent economic thinkers. One school of thought says that unemployment will return to around 5% as the economy eventually recovers. But … Continue reading
U.S. | Men Taking 88% of Recovery Jobs
Men, who lost more than twice as many jobs as women during the worst economic slump since the Great Depression, have landed 88 percent of the non-farm jobs created since the recession ended in June 2009. The share of men saying the economy was improving jumped to 41 percent in March, compared with 26 percent … Continue reading
Starbucks’ job creation fund finds first partners – Reuters
Google Offers and Banana Republic are the first businesses to join Starbucks Corp in raising money for a U.S. job creation fund started by the world’s biggest coffee chain late last year. Starbucks and the Opportunity Finance Network, a group of private financial institutions that make affordable loans to individuals and communities, introduced the “Create … Continue reading
Low Wages and Labor Shortages
Economy Watch – Lots of restaurant jobs; not lots of pay For all you foodies hoping to land a gig in the glamorous restaurant industry in the months and years ahead, there will be plenty of jobs to be had. The problem is, many of the jobs don’t come with a glamorous paycheck. Spring and summer hiring … Continue reading
UK | Capita to cut up to 400 jobs
Outsourcing firm Capita is set to cut up to 400 jobs across the UK. Unite said that as part of the company’s proposal, Capita would also offshore a significant number of staff to India. The trade union said it may consider an industrial action ballot, in response to the moves. The staff affected are understood … Continue reading
Australia | Metcash cuts 478 jobs
METCASH, the grocery wholesaler that owns the IGA and Franklins chains, will restructure its business, cut 478 jobs and incur one-off charges to position the company for ongoing difficult trading conditions… Source: Read more @ Metcash cuts 478 jobs in sweeping restructure | The Australian.
Immigrant Workers in the U.S. Labor Force in Charts
Debates about illegal immigration, border security, skill levels of workers, unemployment, job growth and competition, and entrepreneurship all rely, to some extent, on perceptions of immigrants’ role in the U.S. labor market. These views are often shaped as much by politics and emotion as by facts. To better frame these debates, this short analysis provides … Continue reading
Why immigrant professionals are under-employed
The federal government’s new plan to hire a private firm to assess the educational credentials of potential immigrants is wise. The significance of degrees and professional certificates varies widely and wildly from place to place (country to country and sometimes even city to city) across the world and across disciplines and specialties. The federal bureaucrats … Continue reading
3,200 jobs saved for Britain’s GAME
A deal was struck on Sunday to save British video games retailer GAME, which was taken into administration Monday, and preserve nearly 3,200 jobs. OpCapita, which specialises in turning around ailing High Street stores, has bought 333 shops for an undisclosed fee, administrators PricewaterhouseCoopers (PwC) said. It is believed the turn-around investment firm paid a … Continue reading
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