Job Market Monitor
Michel Cournoyer
UK | Young Unemployment | Clegg Launches £1bn Flagship Scheme
Nick Clegg is today launching his £1bn flagship scheme to get young people into work amid accusations that the government has been complacent over youth unemployment. The Deputy Prime Minister – who has championed the plan in the coalition – will say the start of the Youth Contract offers a route into work for young … Continue reading
Australia | Attracting US workers
Australia is changing its immigration policy to attract more skilled workers from the US to fill posts in its booming mining and gas industries. Currently, workers who are moving to Australia have their skills assessed when they arrive. That can take months and there is the risk of rejection if their skills do not meet … Continue reading
Tennesse | Unemployment reform efforts divide
Joseph Green wonders if he has a target on his back — and if it’s about to get bigger. The Springfield man said he sometimes feels as if he’s being labeled as a second-class citizen because he has been out of work for nearly two years. But with state legislators considering tougher rules and more … Continue reading
A Generation War ?
“The recession didn’t gut the prospects of American young people. The Baby Boomers took care of that” writes Stephen Marche on esquire.com. Twenty-five years ago young Americans had a chance. In 1984, American breadwinners who were sixty-five and over made ten times as much as those under thirty-five. The year Obama took office, older Americans … Continue reading
European unemployment | Highest in 14 years and Youth Hit Hardest
“European unemployment increased to the highest in more than 14 years in February as companies from Spain to Italy eliminated jobs to weather the region’s crisis” writes Bloomberg. The euro area (EA17) seasonally-adjusted unemployment rate was 10.8% in February 2012, compared with 10.7% in January. It was 10.0% in February 2011. The EU27 unemployment rate was 10.2% in February 2012, compared with 10.1% in January. It … Continue reading
Baltic | Mass unemployment spurs brain drain – Video
Baltic boom busts as mass unemployment spurs brain drain – YouTube.
Hiring is back at US colleges – Reuters
Hiring is back in a big way on many college campuses, one of several signs a recovery in the U.S. jobs market is gaining traction. After four years during which many students graduated to find no job and had only their loans to show for their studies, most college campuses are teeming with companies eager … Continue reading
Yahoo layoffs coming next week
Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. Yahoo declined to comment. The layoffs, which will not take place all at once, will mostly affect Yahoo’s product, research and marketing groups, according to the … Continue reading
Comet confirms Hull call centre closure and layoffs
Hundreds of jobs are to be lost in Hull after electrical retailer Comet announced it was closing a call centre in the city. Comet said last year it would close a site in Hull or Clevedon, near Bristol, as part of a restructuring programme. It has now confirmed it is closing the centre in George … Continue reading
Social Media | How they can helph College Students in Job Search
“A groundbreaking survey from the John J. Heldrich Center for Workforce Development at Rutgers University found that recent college graduates, like many others across the United States, are struggling in today’s job market. Only a little over half of recent college graduates are working in full-time jobs. Additionally, half are working in jobs that do not … Continue reading
Canada | Fast track for skilled immigrants
The federal government plans to create a global job bank to bring in more skilled foreign workers, while using a new technique to end the “bizarre” situation in which low-skilled temporary foreign workers are hired in Canadian communities with double-digit unemployment, Immigration Minister Jason Kenney said Friday. The job bank idea, modelled after New Zealand’s … Continue reading
Skill Gap | Matching Education to Jobs – Businessweek
Educational achievement in America, once the envy of the world, has slipped steadily over the past couple of decades. At the same time, U.S. businesses increasingly suffer from a shortage of skilled workers in many technical and specialist fields, even as overall unemployment remains distressingly high. For all these problems, there is a practical solution … Continue reading
Social Networks | Is Your Profile Helping for Your Job Search ?
Here are a few things to consider in determining what kind of online persona you currently have or would like to have: 1.) Use Google to search for your name. 2.) Close all accounts that you don’t use anymore. 3.) Create a separate accounts for personal use and one for professional use. 4.) Make sure … Continue reading
Sega Planning Layoffs – PCMag.com
Sega is downsizing its home video game business in the U.S. and Europe in a restructuring that will result in game cancellations and an unspecified number of layoffs. Parent company Sega Sammy announced its plans for the “structural reform” in a statement to investors on Friday. The company estimates that it will record an “extraordinary … Continue reading
American Manufacturing Decline | Worse Than the Great Depression
“The conventional wisdom that U.S. manufacturing job loss is simply a result of productivity-driven restructuring (akin to how U.S. agriculture lost jobs but is still healthy) is fundamentally flawed” writes Robert D. Atkinson, Luke A. Stewart, Scott M. Andes and Stephen J. Ezel in What the Experts Are Missing About American Manufacturing Decline . Source: http://www2.itif.org/2012-american-manufacturing-decline.pdf . Excerpts by JMM … Continue reading
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