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US – The end of the “age pyramid”
The “age pyramid.” Each bar represents a five year age cohort; with those ages 0-4 on the bottom and those ages 85 and older on the top. In every society since the start of history, whenever you broke down any population this way, you’d always get a pyramid. But from 1960 to 2060, our pyramid … Continue reading
Merkel – EU’s youth unemployment initiative doesn’t work
During the EU’s Council summit, German Chancellor Angela Merkel admitted during the EUs Council summit that the EU’s Youth Employment Initiative YEI, launched a year ago, has so far been a failure. Asked by journalists during her press conference Friday afternoon 27 June, Merkel said that youth unemployment is “clearly” one of the areas that … Continue reading
Finland – Entrepreneurs go to unemployment funds
The hardened economic climate has been attracting entrepreneurs in Finland to seek protection from unemployment funds, which pay out income-based benefits in the event of the business going under. Since the beginning of the year the two unemployment funds catering specifically to business owners have grown by about ten percent. Chosen excerpts by Job Market … Continue reading
China – An epidemic of overwork
China is facing an epidemic of overwork, to hear the state-controlled press and Chinese social media tell it. About 600,000 Chinese a year die from working too hard, according to the China Youth Daily. China Radio International in April reported a toll of 1,600 every day. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
US – The federal minimum wage for tipped workers has been $2.13 since 1991
The federal minimum wage for tipped workers has been $2.13 since 1991. That pay rate tends to get lost in the larger debate over whether to raise the national minimum wage for nontipped workers, which is $7.25 an hour. Under federal law, if tips dont bring employees up to the level of the standard minimum … Continue reading
Europe – Unemployment rate stable at 11.6% in May 2014, counting 5.187 million young unemployed
The euro area (EA18) seasonally-adjusted unemployment rate was 11.6% in May 2014, stable compared with April 2014, but down from 12.0% in May 2013. The EU28 unemployment rate was 10.3% in May 2014, down from 10.4% in April 2014, and from 10.9% in May 2013. These figures are published by Eurostat, the statistical office of … Continue reading
Big Data – A huge demand for talents
If you thought good plumbers and electricians were hard to find, try getting hold of a data scientist. The rapid growth of big data and analytics for use within businesses has created a huge demand for people capable of extracting knowledge from data. The McKinsey Global Institute, the business and economics research arm of McKinsey … Continue reading
Japan – Tokyo keeps growing as population falls
While Japan’s population fell for the fifth straight year and grew older in 2013, the number of residents in the country’s three main urban centers increased to a record high, as people continued to move out of regional areas. Chosen excerpts by Job Market Monitor. Read the whole story at Tokyo Keeps Growing as Japan’s Population Falls – … Continue reading
US – The number of young workers aged 22-34 basically unchanged since 2007, but not for boomers
Call it the great job stagnation for millennials, and the late-career proliferation of baby boomers. The number of young workers aged 22-34 nationwide is basically unchanged since 2007, while the number of jobs for boomers 55-64 — fueled by mega population growth — has climbed 9% over that time, according to a new analysis from … Continue reading
Africa – To provide employment to 200 million people aged between 15-24
Approximately 1 billion people live in the world’s second-largest continent. Only Asia has more people but Africa now has the fastest growing population. If current trends continue, the number of Africans will rise to 1.4 billion in 2025 and to 1.9 billion in 2050. A third of the babies born in the world will be … Continue reading
Bosch in Belgium – To cut 400 jobs
German industrial group Bosch will cut up to 400 jobs, or about a third of the workforce at a windscreen wiper factory in Tienen, Belgium, the company said on Thursday. The cuts, which will be implemented by 2020, were a result of increased competition and the aim of making the production process more efficient through … Continue reading
Canada – CBC to cut up to 1,500 more jobs
The CBC will continue to cut staffing with an additional loss of 1,000 to 1,500 employees by 2020, says CBC president and CEO Hubert Lacroix. In a news release Thursday, the public corporation said it would be shifting priorities from television and radio to digital and mobile services. Lacroix said there will be additional jobs lost … Continue reading
UK – Workplace bullying is on the rise study finds
This will come as little surprise: survey after survey have pointed that workplace bullying is on the rise. A VitalSmarts report released earlier this week found that 96% of their respondents – out of 2,283 people – experienced workplace bullying. Psychology Today refers to the increase as ‘silent epidemic’. Since 2003, 26 states have introduced … Continue reading
IT Skills Gap in UK – It continues to increase says Roger Keenan
Worryingly, City Lifeline research has shown this may just be the start of the problem. Almost a third of UK senior IT personnel believe IT equipment has become more complex than five years ago. Its likely this trend will continue and could have a huge impact on the technology industry in this country. The gap … Continue reading
BHP Billiton – The worlds largest miner cuts 500 jobs, and more to come
The worlds largest miner, BHP Billiton, has cut 500 Australian jobs out of its iron ore business.The jobs have gone in the last month, many more are expected and are linked to an ongoing review of the business by management consultants McKinsey & Company.The cuts come with the iron ore spot price having plunged more … Continue reading
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