Job Market Monitor
A Closer Look
U.S. | Hiring at highest level in more than 3 years
There were 3.5 million job openings on the last business day of February, little changed from January, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.1percent) were little changed in February. The job openings rate, at 2.6 percent, has trended upward since the end of the recession in … Continue reading
Asia | Stable inequality over the past two decades would have lifted 240 million people more out of poverty
Developing Asia’s rapid growth in recent years has given rise to a widening rich-poor divide that threatens to undermine the region’s growth and stability, but governments can address the problem via shifts in spending priorities, the Asian Development Bank said. The region must spend more on education and health, create quality jobs and invest in … Continue reading
The U.S. workplace is polarizing between the education haves and have-nots
The U.S. workplace is polarizing between the education haves and have-nots, says David Autor, professor of economics at Massachusetts Institute of Technology in Cambridge. So-called middle-skill jobs, typically well-paying work that doesn’t require extensive higher education, are vanishing, dividing the labor force into high- and low-skill positions. While women are moving up the knowledge ladder, … Continue reading
Detroit | More layoffs to come
More layoffs, the retraining of Detroit firefighters as first responders, drastic cuts to operations and the privatization of some city services, such as public transportation. All are proposals offering a glimpse into Detroit’s new fiscal reality as Deputy Mayor Kirk Lewis prepares to present the city’s first budget proposal under a consent agreement with the … Continue reading
India | National Rural Employment Guarantee Act is a drain critics say
Standing on a patch of arid, degraded land, 100 kilometers from southern Bangalore city, Ramapal, a member of the gram panchayat (local village administration), points to a roughly-dug canal feeding a narrow belt of green cultivation. “We cannot do without the government’s cash-for-work program,” he told Inter Press Service. “We are happy with the National … Continue reading
Unemployment Insurrance | At least 12 states will lose eligibility for extension
Until recently, if you lost your job you could claim unemployment insurance for up to 99 weeks according to the state government. Lately, however, unemployment insurance has undergone some drastic changes for the worse as more Americans struggle to find jobs. Many states will lose 20 weeks’ worth of benefits and claimants will be faced … Continue reading
Sri Lanka | Providing vocational and technical training for 35 percent of youths by 2016
The government is planning to provide vocational and technical training for 35 percent of youths by 2016 under the Mahinda Chinthanaya. Plans are also underway to increase state university intake up to 10 percent. The government also provided vocational and technical training to over 100,000 youths in state institutions in 2011, Sri Lanka Freedom Party … Continue reading
Should bright pupils become hairdressers?
Should teachers dissuade their brightest pupils from becoming hairdressers? According to Ofsted, teachers sometimes “deride” pupils for opting to leave school and work as apprentices in beauty salons or hairdressers. Inspectors questioned 105 young people for a report on apprenticeships published on Wednesday. They found “several examples of bright young people who felt they had … Continue reading
Africa | Young and unemployed: A time-bomb
The highest percentage of the unemployed masses is youths. According to the Africa Development Indicators report released by the World Bank, youth unemployment is at 83 percent in Uganda. About 256,700 youths can’t find jobs every year in Uganda. Sacrifices made behind the scenes Many parents have paid the price. In the past, most felt … Continue reading
Teen Jobs Offer More Than Spare Cash, Expert Says : NPR
A quarter of U.S. teens between ages 16 and 19, who are looking for work, can’t find it. Michael Saltsman of Employment Policies Institute says teen unemployment isn’t just about buying pizza on Friday nights. The cash teens earn is often essential for supporting themselves and their families. Saltsman speaks with host Michel Martin. MICHEL … Continue reading
The Best and Worse Jobs of 2012
The Best The world is going digital, and Software Engineers who can help with that transformation are reaping the benefits. Their pay is great, hiring demand for their skills is through the roof, and working conditions have never been better. And that’s why the job of Software Engineer ranks tops in our annual Jobs Rated … Continue reading
UK | Apprenticeship | School work placements boost success
A meaningful work experience placement while still at school is crucial to a successful apprenticeship, says Ofsted. The education watchdog wants schools to organise better placements and the government to develop stronger careers guidance for over-16s in England. In a report, it says official figures suggest around a quarter of the people who begin apprenticeships … Continue reading
Slow Job Recovery | Low-Wage Jobs to Be Blamed
Slower-than-expected employment growth in March 2012 has brought the halting pace of economic recovery into sharp focus again. Nearly three years since the recession officially ended in June of 2009, 12.7 million people are still out of work and unable to find a job—a figure that rises to 22.8 million if workers who have given … Continue reading
The Euro Crisis Rides Again
After a quiet-ish few months, Euro panic came back in a big way on Tuesday. Spanish stocks hit a three-year low. Spain’s bond yields crept back up above 6 percent. It wasn’t any better in Italy, whose stocks fell 5 percent. That’s a lot of bad news on a day with seemingly no new news. … Continue reading
Workforce Retirements and Skills Gaps
A joint survey released April 9, 2012, by the Society for Human Resource Management (SHRM) and AARP shows that U.S. employers are ramping up training programs aimed at closing expected skills gaps left when Baby Boomers retire. In addition, companies are enhancing employee benefits that they hope will help with recruiting and retaining older workers, … Continue reading
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