Job Market Monitor
A Closer Look
UK Long term youth unemployment up 874% in 12yrs says TUC Report
The number of young people who have been unemployed for more than a year since 2000 has increased by an enormous 874 per cent (from 6,260 to 60,955), going up by 264 per cent in the last year alone. In comparison, on average across all working age groups, long-term unemployment has risen by 50 per … Continue reading
US – Gallup: Seasonally adjusted unemployment drops to 7.8% in June
U.S. unemployment, as measured by Gallup without seasonal adjustment, is 8.0% in mid-June, unchanged from the end of May but significantly better than the 8.7% for the month of June 2011. Gallup’s seasonally adjusted number is 7.8%, an improvement from 8.3% at the end of May, and down slightly from the previous seasonally adjusted low … Continue reading
UK unemployment falls by 51,000 and 166,000 more people in employment – ONS
For February to April 2012: • The employment rate for those aged from 16 to 64 was 70.6 per cent, up 0.3 on the quarter. • There were 29.28 million people in employment aged 16 and over, up 166,000 on the quarter. The number of people employed in the private sector increased by 205,000 to … Continue reading
After the Great Recession : Underemployed and Underpaid
Throughout the Great Recession and the not-so-great recovery, the most commonly discussed measure of misery has been unemployment. But many middle-class and working-class people who are fortunate enough to have work are struggling as well, which is why Sherry Woods, a 59-year-old van driver from Atlanta, found herself standing in line at a jobs fair … Continue reading
A Recovery is not another recovery
The point that all recoveries are the same — whether preceded by a financial crisis or not — is argued in a recent Federal Reserve working paper by Greg Howard, Robert Martin and Beth Anne Wilson. It was also discussed in a recent article in the Wall Street Journal. It is mystifying that they can … Continue reading
As Income Inequality Grows, Some Movement at the Top and Bottom
A recent Fed report examines the income of families in 2007 and the same families in 2009, distributed in 20 percent brackets. According to the report, 69.4 percent of those in the lowest income bracket in 2007 were also in the lowest bracket two years later; 19.1 percent rose to the second quintile, 6.7 to … Continue reading
UK: Long-term youth unemployment grows eight-fold since 2000
The number of young people out of work for at least a year has grown eightfold in the last decade, a grim analysis shows ahead of Wednesday’s official unemployment figures The report by the TUC reveals an “enormous” increase in long-term youth unemployment over the past 12 years, with the number of 18 to 24 … Continue reading
Jetset cuts 110 as profits fall
Most of the pain from the latest restructure will be felt by those working at its travel management division, which will lose about 66 of the 110 jobs to be cut. The Age Link: http://www.theage.com.au/business/jetset-cuts-110-as-profits-fall-20120618-20k7r.html
The Economic Recovery is Floundering
In the lead-up to the G20 summit in Los Cabos, the Brookings-FT Tiger index shows that this stop-and-go global recovery has stalled once again. The engines of world growth are running out of steam while the trailing wagons are going off the rails. Emerging market economies are facing sharp slowdowns in growth while many advanced … Continue reading
Fairfax Media to cut 1900 jobs in Australia
Publisher of the Sydney Morning Herald and the Age to cut jobs, introduce paywalls and change broadsheets to compact format. The Guardian Link: http://www.guardian.co.uk/media/2012/jun/18/fairfax-media-job-cuts-australia
In Europe Mobile Operators Embrace Consolidation
BERLIN — European mobile telephone operators are primed to enter a … Everything Everywhere cut 1800 jobs, or 11 percent of its work force, in 2011 and is on … Link: http://www.nytimes.com/2012/06/18/technology/18iht-telecoms18.html
The Talent War – Skilled international workers in high demand: recruitment executive
According to this index, which the company has been generating since 2008, the job market for these workers has remained relatively strong and steady in East … Link: http://view.koreaherald.com/kh/view.php?cpv=0&ud=20120618001286
Indian IT companies halt lateral hiring
Campus recruitment for entry-level jobs is still on, lateral techhiring seems to have come to a near halt with many IT firms giving fresh instructions to third party … Link: http://bit.ly/KHxXkD
Infosys Delays Hiring of Entry-Level Staff
India’s Infosys said the process of completing the hiring of entry-level employees who have already been offered jobs is likely to be delayed by three months…. http://online.wsj.com/article/SB10001424052702303703004577474130517616906.html Envoyé via Flipboard, votre magazine social pour l’iPad et l’iPhone. Envoyé de mon iPad
Flexible hours not a help for workers over 45
BUSINESS has warned that a proposal to change the nation’s workplace laws to allow older workers to demand flexible working arrangements could backfire. The Australian Law Reform Commission is examining whether the Fair Work Act should be changed to allow workers aged over 45 to seek flexible arrangements that are now confined to people with … Continue reading
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