Job Market Monitor
A Closer Look
Georgia and Florida cut the duration of unemployment benefits
Georgia is vying with Florida for the title of stingiest state, when it comes to jobless residents. The Republican-controlled State Legislature passed a bill last week to cut the duration of unemployment benefits from a current maximum of 26 weeks to a range from 14 weeks to 20 weeks, depending on the state unemployment rate. … Continue reading
‘Fix Young America’ aims to recruit Stephen Colbert
Fix Young America, a digitally crowd-funded movement which promotes youth entrepreneurship, is going after satirical talk-show host Stephen Colbert to act as its spokesperson, the Daily Beast reported. 28-year-old Scott Gerber, whose Young Entrepreneur Council and Gen Y Capital Partners non-profit groups aim to put an end to unemployment among young Americans, is the mastermind … Continue reading
How Unemployment Leave Europe’s Young ?
Larry Hatheway, Managing Director and Head of Global Asset Allocation, UBS Investment Bank, noted earlier this month that high levels of youth unemployment were “clearly undesirable” and policy priorities in the euro zone should shift the focus from managing the debt crisis to address joblessness. “Youth unemployment rates probably understate the true level of joblessness … Continue reading
More Than Half Youth are unemploymed in Spain and Greece
The unemployment rate among Spain’s under-25s rose to 50.5pc in January, and to 50.4pc in Greece in December, according to the latest available data from Eurostat, the European Union’s statistics office. It compared with an average eurozone youth unemployment rate of 21.6pc. One of the lowest rates of youth unemployment is in Germany, where it … Continue reading
Austerity Is a Disaster – The Atlantic
Euro zone unemployment just hit a 15-year high. German unemployment just hit a 15-year low. What can those of us across the Atlantic glean from this seemingly bipolar state of affairs? That austerity, every economic conservative’s favorite prescription for an ailing economy — the medicine Republicans here in the United States are pushing hard — is … Continue reading
India and UK will work towards broad based trade and investment agreement
India and UK on Monday agreed to remain fully committed to resolving the remaining issues and work towards concluding a mutually beneficial India-EU Broad based trade and investment agreement at the earliest. A joint press statement by the Chancellor of the Exchequer of UK, George Osborne, and Finance Minister Pranab Mukherjee after the fifth round … Continue reading
Canada | Tomorrow announcement | Federal public employees anxious as job cuts loom – CTV News
Axe to fall on public service Wednesday, say unions The axe hovering over the head of Canada’s public service is expected to begin falling Wednesday when thousands of public servants will receive notice their positions with the federal government are being eliminated. Unions representing government employees say the workforce-adjustment notices have begun “pouring in” from … Continue reading
Dow shutters plants on 3 continents, cuts 900 jobs, in response to economic woes in Europe | CanadianBusiness.com
Dow Chemical will cut 900 jobs and shutter plants on three continents because of weakness in Europe, which may soon tip back into recession of it has not done so already. Dow was ravaged during the global and economic crisis that struck four years ago, cutting more than 10,000 positions then. CEO Andrew Liveris has … Continue reading
Two-Thirds of Young Arab Women Remain Out of Workforce According to a Gallup Survey
About one in three young Arab women between the ages of 23 and 29 participate in their country’s labor force versus about eight in 10 young Arab men. This gender gap is generally consistent across the 22 Arab countries and territories Gallup surveyed in 2011, but young women’s labor force participation is slightly higher in … Continue reading
UK | Young Unemployment | Clegg Launches £1bn Flagship Scheme
Nick Clegg is today launching his £1bn flagship scheme to get young people into work amid accusations that the government has been complacent over youth unemployment. The Deputy Prime Minister – who has championed the plan in the coalition – will say the start of the Youth Contract offers a route into work for young … Continue reading
Australia | Attracting US workers
Australia is changing its immigration policy to attract more skilled workers from the US to fill posts in its booming mining and gas industries. Currently, workers who are moving to Australia have their skills assessed when they arrive. That can take months and there is the risk of rejection if their skills do not meet … Continue reading
Tennesse | Unemployment reform efforts divide
Joseph Green wonders if he has a target on his back — and if it’s about to get bigger. The Springfield man said he sometimes feels as if he’s being labeled as a second-class citizen because he has been out of work for nearly two years. But with state legislators considering tougher rules and more … Continue reading
A Generation War ?
“The recession didn’t gut the prospects of American young people. The Baby Boomers took care of that” writes Stephen Marche on esquire.com. Twenty-five years ago young Americans had a chance. In 1984, American breadwinners who were sixty-five and over made ten times as much as those under thirty-five. The year Obama took office, older Americans … Continue reading
European unemployment | Highest in 14 years and Youth Hit Hardest
“European unemployment increased to the highest in more than 14 years in February as companies from Spain to Italy eliminated jobs to weather the region’s crisis” writes Bloomberg. The euro area (EA17) seasonally-adjusted unemployment rate was 10.8% in February 2012, compared with 10.7% in January. It was 10.0% in February 2011. The EU27 unemployment rate was 10.2% in February 2012, compared with 10.1% in January. It … Continue reading
Baltic | Mass unemployment spurs brain drain – Video
Baltic boom busts as mass unemployment spurs brain drain – YouTube.
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