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Wal-Mart in China – To invest in a three-year training program for 20,000 vocational school graduates
Wal-Mart Stores Inc is helping to launch a three-year training program across China with the aim of producing more than 20,000 vocational school graduates to meet the increasing demand of the retail job market. Wal-Mart China will team up with the China Chain Store and Franchise Association to initiate the Future Retail Star Training program, … Continue reading
Jobs Openings in US in June 2014 – Increased to 4.7 million, highest since 2001
Jobs openings increased in June to 4.671 million from 4.577 million in May. This is the highest level since February 2001. Chosen excerpts by Job Market Monitor. Read the whole story at Calculated Risk: BLS: Jobs Openings increased to 4.7 million in June, Highest since 2001.
Silicon Valley – The Wage Premium
Software application developers earn large salaries in the United States, $96,260 a year on average. But in metropolitan San Jose they earn $131,270, the highest in the country. There are many partial explanations for this—local cost of living, differences in education levels, experience, and industry—but none of them quite account for it. It turns out that … Continue reading
Income inequality in US Metro Areas – Rising in more than 2 in 3
Income inequality appears to have grown in more than 2 in 3 metropolitan areas from 2005 to 2012, according to one rough measure, a new study finds. The study, released by the U.S. Conference of Mayors, explores how the Great Recession affected wages and income in hundreds of metropolitan statistical areas — population and economic hubs … Continue reading
Australia, Jul 2014 – Unemployment jumps to 12-year high
Australia’s unemployment rate increased by 0.3 percentage points (based on unrounded estimates) to 6.4% in July 2014 (seasonally adjusted). The increased unemployment rate resulted from increased participation with the number of persons in the labour force increasing by 43,400 persons, and the number of employed persons decreasing by 300. The net result was the number … Continue reading
UK – Starting salaries are stagnant
Starting salaries are expected to remain low for the rest of the year after a wide ranging jobs survey found only 2% of employers handed an above-inflation pay rise to new recruits in the last year. Only 20 out of 1,000 employers said they had paid a significant rise to new workers, adding to concerns … Continue reading
Canada – July 2014 Job Report – Overall employment unchanged, unemployment at 7.0%
Overall employment was unchanged in July, as gains in part-time work were offset by losses in full time. A decline in the number of people searching for work pushed the unemployment rate down 0.1 percentage points to 7.0%. In the 12 months to July, employment increased by 115,000 or 0.7%, with all the growth in part-time work. The total hours worked were unchanged … Continue reading
Getting Older in UK – Salary down by £400 per year in 50s
Employees reach their highest average earning potential in their 40s, with a possible salary drop of £400 per year in their 50s, according to research by Friends Life. The research is based on Office for National Statistics (ONS) figures analysed by age and sector. It reveals the average salary for senior managers and directors between … Continue reading
US – Unemployment Insurance Extension Prevented 1.4 Million Foreclosures
Extending unemployment insurance during the recession didn’t just give the unemployed some extra income, but actually prevented millions from being foreclosed on, according to a new study from Joanne W. Hsu, David A. Matsa, and Brian T. Melzer. Given that different states have different amounts they’ll pay out in unemployment benefits — in 2011 it … Continue reading
Reshoring in US – Call center jobs are coming back
After years of sending call center jobs overseas, companies are bringing the jobs back to America. Customers demanding better service and more use of social media to field questions are helping fuel the trend. Nearly 1,000 new call center jobs are planned at companies near Detroit. Dialog Direct, which already employs 2,000, announced plans to … Continue reading
US Job Report for July 2014 – Total nonfarm payroll employment increased by 209,000 and UR little changed at 6.2 percent
Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, retail trade, and construction. Household Survey Data Both the unemployment rate (6.2 percent) and the number of unemployed persons … Continue reading
Bombardier – More job cuts planned
Canada’s Bombardier Inc plans to cut more jobs and halt new hiring to help save costs, it said on Thursday, and added that commercial talks for a Russian assembly plant are ongoing despite sanctions. Bombardier, which manufactures planes and trains, also sought to allay worries about the pace of its cash burn after posting higher … Continue reading
Colombia – Unemployment at 9.2% in June
The National Administrative Department of Statistics (DANE) issued a report on Thursday that covered statistics regarding Colombia’s labor market, demonstrating that unemployment from April – June 2014 was at 9.0%; down .6% from the same time period in 2013, Bogota’s W Radio reported. Additionally, the report showed that the unemployment rate was 9.2% in June 2014 … Continue reading
Unemployment in US – Who’s right, Wall Street or Brookings ?
Every month since the fall of 2012, the Brookings Institution has published a forecast for the path of the unemployment rate over the next six months. These forecasts are a familiar past-time for economists, but Brookings has a bold claim: their model “can outperform the Fed and professional forecasters.” This is a good time for … Continue reading
Recent Immigrants in Canada – 14 per cent of university-educated are unemployed, 3.3 per cent for Canadian-born university grads
Except today, the prospects for Canada’s most highly educated new Canadians is far more dismal. Unemployment levels for recent immigrants with university degrees hit their highest point since June, 2010 last month. According to data Statistics Canada crunched for Global News, 14 per cent of university-educated immigrants who’ve come to Canada in the last five years are … Continue reading
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