Job Market Monitor
A Closer Look
Taiwan | Low pay means a brain drain
Low salaries are the main reason that Taiwan has failed to retain local talent and attract skilled foreign workers, Pan Shih-wei, deputy minister of the country’s Council of Labor Affairs, said Friday. Pan made the remarks in response to a comment by Singapore’s deputy prime minister, Tharman Shanmugaratnam, who recently singled Taiwan out as a … Continue reading
Emirates | More Europeans Coming for Jobs
With euro zone unemployment at an all-time high, big influx of job-seekers in UAE and region expected As the euro zone unemployment rate hits all-time high, the number of candidates looking to come to the UAE and the region has gone up. This may be good news for employers who are looking for a bigger … Continue reading
Indiana | Wage gap | One of the largest
April 17 is national Equal Pay Day, when women and men around the country recognize the wage gap between working women and men and offer remedies to address pay inequity. According to the 2010 Census, women are paid on average 77 cents for every dollar their male counterparts are paid for the same work. But … Continue reading
Vets Unemployment : 10.3%
On Friday, the Bureau of Labor Statistics released Veteran unemployment data for the month of March. The unemployment rate for one closely watched group, Iraq and Afghanistan-era Veterans (or Gulf War II-era Veterans), was 10.3 percent. While this reflects a higher number than in February, the trend over the past 27 months—since January 2010—remains downward … Continue reading
Greeks | Unemployment | The greatest fear
Unemployment is the Greeks’ number one fear for the future, according to an ALCO opinion poll appearing in the latest issue of Crash magazine. Specifically, 42 percent of those questioned said that unemployment was their biggest fear for the future, in a nationwide poll sampling 1,200 adults from March 20 to 27. The second most … Continue reading
The “end welfare as we know it” and the Great Recession
Perhaps no law in the past generation has drawn more praise than the drive to “end welfare as we know it,” which joined the late-’90s economic boom to send caseloads plunging, employment rates rising and officials of both parties hailing the virtues of tough love. But the distress of the last four years has added … Continue reading
Malaysia | 60% of jobs by 2020 would need skilled workers
There will be 3.3mil job opportunities by the year 2020 and 60% of it requires highly skilled workers. Deputy Human Resource Minister Senator Datuk Maznah Mazlan said as such, SPM school leavers were encouraged to take up skills training to build up a highly-skilled workforce in facing the transformation era. “We have moved beyond the … Continue reading
Lockheed Martin | 450 to 500 layoffs in Salina
Lockheed Martin announced on Thursday that it will lay off 450 to 500 workers in its Mission Systems and Sensors (MS2) Division . The division has a facility in Salina. Lockheed Martin says it will first offer a voluntary layoff program followed by an involuntary one… Source: Read More @ 450 to 500 layoffs announced for … Continue reading
Microsoft, Silatech launch Egypt job portal
Qatar-based Silatech has partnered with Microsoft to launch MasrWorks.com, an online employability portal for Egypt that supports workforce development for the country’s youth. MasrWorks is available in both Arabic and English, and provides resources ranging from online career guidance, employability and entrepreneurship training, to specific work experience and job opportunities. MasrWorks represents the first stage of … Continue reading
U.S. Public Employees | More Layoffs
Public-sector employees tended to have more job security, which in some ways helps during weak economic climates, as their steady demand for goods and services spread through the economy. The recent trend, conversely, can make things worse. “If public-sector employment had grown since June 2009 by the average amount it grew in the three previous … Continue reading
U.S. | From Unemployment Insurance to Employment Insurance
Pennsylvania millionaire Gene Epstein’s Hire Just One project proposes redirecting unemployment checks to employers as a payroll subsidy reports Newsy. via Newsy | Philanthropist Pitches Jobs Plan to Congress | Multisource Video News Analysis.
Canada | West | Worker shortage looms again
Remember the bumper sticker from the ‘80s, “Please God, let there be another oil boom. I promise not to piss it all away the next time.” That, of course, was two booms ago. Now we are on the cusp, the very beginning of the third. We seem to be getting smarter at this, but not … Continue reading
Unemployment Claims | Still Falling
In the week ending March 31, the advance figure for seasonally adjusted initial claims was 357,000, a decrease of 6,000 from the previous week’s revised figure of 363,000. The 4-week moving average was 361,750, a decrease of 4,250 from the previous week’s revised average of 366,000. The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week … Continue reading
JCPenney to cut 900 jobs
J.C. Penney Co Inc said on Thursday that it will cut about 900 jobs, including roughly 600 at its headquarters, as it trims costs and tries to start running its 110-year-old business more like a nimble start-up. The Plano, Texas-based retailer, which has already overhauled its pricing strategy under new chief executive Ron Johnson, said … Continue reading
UK | Vantec Europe to create 230 jobs
More than 200 jobs are to be created in Sunderland by a warehousing and logistics firm as part of a £22.5m investment. Vantec Europe is planning to invest in a 421,000 sq ft building at Turbine Business Park. The firm employs more than 800 people in the north-east of England and said it would create … Continue reading
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