Job Market Monitor
A Closer Look
Saudi Arabia – Ministry warns employers: it is a violation of the Kingdom’s labor regulations to insist a woman should be unmarried
Ministry spokesman Hatab Al-Anazi said: “Some private companies are stipulating conditions such as a woman shall be recruited only if she is single or not pregnant if married. “It is against the regulations approved by the ministry.” Al-Anazi added the demand a woman worker should remain single is also against the Islamic law adopted by … Continue reading
The Youth Unemployment Crisis and the Colorado Shooting
For young people facing a tough job market, the chances of tragedies increase: suicide rates spike, as does the incidence of violence So far, there’s not a whole lot known about James Eagan Holmes, the 24-year old whom police say fatally shot 12 people and injured dozens more in a suburban Denver movie theater during … Continue reading
German-Style Apprenticeships – Would it Work in the U.S.?
In a world of high youth unemployment, where the supply of skilled labor often fails to match employer demand, Germany believes help can be found in its Dual Vocational Training System (TVET)—a time-tested economic model now incorporated into the Federal Republic’s law. This program, many supporters believe, is the reason why Germany has the lowest jobless rate among … Continue reading
US Unemployment System – A Bad Employment Policy
…Between 2008 and 2011, $174 billion in unemployment taxes was collected while $450 billion was paid out in benefits, a gap of $276 billion. Thirty-four states blew through their unemployment insurance trust funds and borrowed from Washington — and 22 of those still owe the feds a total of more than $30 billion, according to … Continue reading
Lost jobs aren’t coming back and new skills are needed
Do we expect the jobs that resulted from the housing boom to once again come to the rescue of low-wage Americans? The run-up in home prices that triggered the jump in construction and local spending was relatively short-lived, and home prices have returned to the levels where one might expect them to be, based on … Continue reading
US – Long-term unemployment continues to plague the labor market
Of all the mediocre and bad news in the June 2012 employment situation report from the Bureau of Labor Statistics, there is one item that deserves serious concern: the fact that long-term unemployment continues to plague the labor market. The average duration of unemployment is stuck at about 40 weeks, where it has been for … Continue reading
UK – How will training budgets change
How have learning and development budgets changed over the past 12 months? Across the whole economy, nearly two-fifths of organisations say their learning and development budget has remained unchanged over the past year. A further three in ten report a decrease, while one in four says it has increased. More than half of respondents from … Continue reading
America’s Silent Crisis – Single Working Mother
Single mothers are raising more of America’s children than ever before. And for many of them, the economic precipice is creeping closer and closer. For decades the number of single-parent families has climbed higher, with the overwhelming majority of these households led by women. In 1960, just 5 million children under 18 lived with only … Continue reading
Jobs Gap – Fair Trade: The missing element in all the existing plans
If the U.S. is to cut unemployment to about 4.5 percent, which most economists consider to be full employment, the nation must ultimately create more than 16 million new jobs across the entire economy. That is in addition to finding jobs for the 12 million net new entrants into the work force, which the Labor … Continue reading
Five Europe 2012 Grads Testimony
Athina Prassa in Athens mastered English in four years studying at a private university. It’s a skill that may not help her much as she hunts for work while hard-right thugs roam her blighted neighborhood. Lucy Nicholls in London graduated from fashion school brimming with optimism. It took just a week for real life to … Continue reading
Does Xerox’s outsourcing also mean layoffs ?
About a year ago, Xerox told some 600 employees, many of them engineers, that their jobs were being transferred to an India-based IT services firm. How has that worked out? Neither company is disclosing detail about what’s been going on, but information is leaking out about some layoffs. The move by Xerox goes to the … Continue reading
Biopharma – Job Outlook Bleak
After years of flying high, biopharma job growth is running into turbulence, a number of factors have increasingly pushed big pharma into layoffs. Although the picture is bleak now, the industry’s longer-term employment prospects appear brighter. Roche will eliminate 1,000 jobs by the end of 2013 when it shuts down its Nutley, NJ, R&D site. … Continue reading
Long-Term Unemployed – Hard Times: Lost on Long Island
Starting in summer 2010, when many hoped an era of recovery would begin, and continuing through the holiday season six months later, HARD TIMES: LOST ON LONG ISLAND spotlights the challenges facing highly skilled, well-educated Long Islanders who lost their jobs. Public relations professional Anne Strauss notes, “Being unemployed for two years is not just … Continue reading
India – Skills Gap – Public Private Partnership : The National Skill Development Corporation
India’s workforce skills development needs are gigantic : 25% of the world’s new workers in the next decade will be Indian… But an unemployed, uneducated or unskilled Indian is not a free Indian—and usually a poor Indian.” writes Manish Sabharwal in Can India’s demographic dividend deliver prosperity? on economictimes.indiatimes.com. (link) “The Indian education sector has grown manifold in terms of diverse range of … Continue reading
Namibia – Rio Tinto: Rössing workers face layoffs
RIO Tinto group chief executive Tom Albanese this week dropped a bombshell when he announced that employee costs across the group would be slashed by ten per cent, including at Swakopmund’s Rössing Uranium. A large chunk of the group’s employees may lose their jobs within the next three months. In the letter which Albanese wrote … Continue reading
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