Job Market Monitor
A Closer Look
Immigrants | Job growth quicker than native-born Americans
Immigrants are experiencing a faster rate of job growth than native-born Americans in the economic recovery, data show. “It seems that the rate of unemployment for immigrants is slightly lower than for the native group,” said Jeanne Batalova, a policy analyst with the Washington, D.C.-based Migration Policy Institute, which analyzed employment data for the region … Continue reading
P.E.I. | Cuts to come in public sector jobs
The P.E.I. government plans to remove 300 jobs from its payroll in the upcoming budget, CBC News has learned, and hopes to cut most of those positions through attrition. Premier Robert Ghiz has confirmed the downsizing is coming. “While you may not love coming in and delivering a budget along these lines it’s still your … Continue reading
Skills Gap | Community colleges part of the solution
Community colleges have long viewed job training as central to their mission, but the role has taken on added significance since the economic recession. Even with nearly 13 million Americans unemployed, some companies can’t find qualified candidates. As many as 3.5 million jobs are unfilled right now, many of them in the fields of information … Continue reading
UK | Nissan new hatchback will create 1,000 jobs
Japanese car giant Nissan is to build a new hatchback at its UK plant, creating more than 1,000 jobs at the site and at component companies. The announcement was made by Prime Minister David Cameron and Nissan chief operating officer Toshiyuki Shiga, during a visit to Nissan’s headquarters in Yokohama, Japan on Tuesday. The new … Continue reading
India | Brings visa fee hike to WTO
India is challenging the United States at the World Trade Organisation over increased visa fees for skilled workers that have hit the country’s flagship outsourcing firms, an official said Tuesday. “We are pursuing this at the consultation level. It is our hope we reach an amicable conclusion,” a senior commerce department official in New Delhi … Continue reading
Canada – A Widening Skills Gap
A fault line is splintering Canada’s labour market into those who can’t find work and those who can’t find workers. There’s no shortage of people looking for work. Some 1.4 million Canadians are unemployed, the jobless rate is still above pre-recession levels and youth unemployment is nearly 14 per cent. Despite this, employers across the … Continue reading
Consumer Goods | Layoffs Mounting
Consumer goods companies are planning more layoffs than all other industries this year due to company reorganizations, rising commodity prices and weak consumer spending, according to Chicago-based outplacement firm Challenger, Gray & Christmas. Companies such as Procter & Gamble, PepsiCo and Kraft Foods announced a total of 18,438 job cuts in the first quarter of … Continue reading
India | Dhanlaxmi Bank | To cut more jobs
More pain of job loss awaits employees of Dhanlaxmi Bank. As the Kerala-based private bank moves ahead with business consolidation and rationalisation, more heads are expected to roll. Already, the staff strength of the Thrissur-headquartered bank has come down to a little over 4,200 from 4,600 in November last year, as more than 300 employees … Continue reading
Finland | Tieto | After 1300 job cuts
Despite 1300 job cuts globally, Finland’s IT major Tieto Corporation is planning to restructure the business and may exit some unprofitable markets. Tieto will downsize 1,300 jobs including about 500 in Finland and 300 in Sweden. The company is planning to save over 50 million euros in annual costs by cutting these jobs. Speaking to … Continue reading
Skills Gap | U.S. | Demand Rises for Skilled-Worker Visas
In a sign of the improving economy, the U.S. government said it saw a sharp rise in petitions for skilled-foreign-worker visas during the first week of this year’s application season. The U.S. Citizenship and Immigration Services received 25,600 petitions for H-1B visas since April 2, nearly twice as many as it received for the entire … Continue reading
Ontario | Job training excludes half of unemployed
Making employment supports available to all job-seekers would level the playing field and help the province’s neediest escape poverty, says Ontario’s social services review commission, headed by Frances Lankin and Munir Sheikh. The commission’s final report, to be released in June, will also include recommendations on how to improve the administration of the province’s two … Continue reading
Sony | 10,000 Jobs will be cut
Sony Corp. plans to reduce its work force by an estimated 10,000 jobs, or roughly 6% of its global total, as part of a broader restructuring plan by Chief Executive Kazuo Hirai, people familiar with the matter said Monday. The cuts could be made over the next two fiscal years, ending in March 2014, though … Continue reading
Skills Gap | Will It Chill a Warming Job Market?
According to the Society for Human Resource Management’s Jobs Outlook Survey for the second quarter of 2012, 58 percent of respondents have some level of confidence in the U.S. labor market and expect job growth for the April-to-June 2012 time frame. That’s up sharply from 34 percent of respondents in the fourth quarter of 2011. … Continue reading
Skills Gap | B.C. and Alberta | You can’t just put up a help-wanted ad or hang out a shingle
News that oilsands recruiters have been appearing at British Columbia’s junior hockey games isn’t going over well with the resource sector on this side of the provincial border who are chasing the same pool of skilled workers. B.C.’s mining, forestry and energy sectors are expecting to need as many as 10,000 people over the next … Continue reading
Vocational Education in Sri Lanka
The NVQ system provides a strong basis for quality vocational training but the devil is in its implementation. First, there has to be a hunger and appreciation for quality learning and training rather than certificate collection. That means learning problem solving and practical skills that make one employable. Secondly, a test of employability is critical. … Continue reading
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