Job Market Monitor
A Closer Look
Job Search / Beautiful women get more callbacks for job interviews, study says
Life really is easier for attractive people. They make more money, get promoted faster, and many times are simply more successful. And according to a new study, they have a much easier time job hunting. Italian researchers sent more than 10,000 resumes out, using the same one and changing only first-name, last-name, address, and the … Continue reading
US / The latest job report is badly received
Here is an overview of the numerous comments on the latest job report even if the report concludes on the lowest the unemployment rate since November 2008. This drop was mainly due to a decrease to 63.2% of participation rate as the employment to population ratio declined to 58.6%. ‘The drop in the main unemployment rate was driven … Continue reading
US / With over $1 trillion in outstanding student loans, it is time for higher education to be innovative
The largest bank in the United States will stop making student loans in a few weeks. JPMorgan Chase has sent a memorandum to colleges notifying them that the bank will stop making new student loans in October, according to Reuters. The official reason is quite bland. “We just don’t see this as a market that … Continue reading
Wages Growth in US since the Great Recession – Maps
workers’ wage growth has been uneven across the country’s metros. To chart where wages have grown the most during America’s recovery, my Martin Prosperity Institute colleague Charlotta Mellander ran the numbers on average change in wages and salaries for all 350-plus U.S. metros between 2009 and 2012 (the latest year available) based on data from the … Continue reading
Burnout on the Job
“I am done!” Background: A few years out of college, into their second job, dislikes job and abusive work environment. “I am just going through the motions.” Background: Baby Boomer, laid off but just bounced back, hates to get up every morning. Wants to get out but can’t. “I am so over this job.” Background: … Continue reading
Poverty, brain power and the Chicago’s School of economics
Poverty and the all-consuming fretting that comes with it require so much mental energy that the poor have little brain power left to devote to other areas of life, according to the findings of an international study published on Thursday. The mental strain could be costing poor people up to 13 IQ (intelligence quotient) points … Continue reading
Thailand / Lessons learned from Germany’s dual system
IN RECENT YEARS, Thai young people have grown less and less interested in studying at vocational schools. This is despite it being an educational model tailored to support students’ training for occupational competency in various business sectors Continue reading
Finland / Teacher is a popular profession
In Finland, the teachers are what dreams are made of. That’s not difficult to believe when you see Omaia Zakik, 38, entering the Esplanad café located on one of the capital’s bustling roads Continue reading
US / What explains the yawning gap between jobs open and jobs filled?
Such a structural mismatch may well explain part of the gap, yet it seems unlikely that it explains most of it. A second explanation is that employers are offering jobs at wages that are too low to attract good applicants Continue reading
US State and Local Government / Rather than layoffs, a failure to hire characterized the brunt of the total job losses since 2009
Rather than layoffs, a failure to hire characterized the brunt of the total job losses in state and local government since 2009. State- and local-government job losses were not disproportionately due to job losses but rather stemmed from significant non-hiring — letting vacant positions remain vacant. Continue reading
UK / The Great Recession could be called the “Long Recession”
The current recession is represented by the red line. It is called the Great Recession but could be called the “Long Recession” as it surpasses in length anything before Continue reading
UK / 54 pc of young people ‘would choose an apprenticeship’
Fifty-four per cent of young people in the UK would opt to undertake an apprenticeship if one were available to them, new research has claimed Continue reading
The combination of high education and high-skill occupation is associated with the greatest degree of skill maintenance study finds
The combination of high education and high-skill occupation is associated with the greatest degree of skill maintenance. High initial education is associated with significantly higher problem-solving skills for younger people, but this does not remain true through the life course Continue reading
HR / Recruiters whose job it was to locate the best candidates have largely disappeared
Corporate training has largely disappeared, along with the recruiters whose job it was to locate the best candidates for those programs, argues Peter Cappelli, a professor of management at the University of Pennsylvania’s Wharton School and author of Why Good People Can’t Get Jobs (click on the link to get a free e-book copy this week). … Continue reading
US / The Low-Wage Job Machine
In the wake of the July employment report released last week, an interesting graphic appeared in a Wall Street Journal article with the somewhat distressing title “Low Pay Clouds Job Growth.” Comments Continue reading
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