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Asian Fragile Middle Class – 2.8bn people on the brink
Muljoko, a 27-year-old cleaner who works in one of Jakarta’s gleaming office towers, has all the trappings of a newly minted member of the middle class. He owns a motorcycle, slings a Sony smartphone and has a futuristic-looking phone-watch strapped to his wrist that he uses to text friends during working hours. He is infinitely … Continue reading
Self-employment in UK – More than two in five new jobs created since mid-2010 have finds Trades Union Congress
Self-employment accounts for 44 per cent of the net rise in employment since mid- 2010, with pensioners, part-time workers and ‘odd-jobbers’ the fastest growing groups of Britain’s new self-employed workforce, the TUC says today (Monday) ahead of the latest employment figures published later this week. The TUC analysis shows that despite self-employment being a relatively … Continue reading
Graduate starting salaries in UK – Dropped by 11%, from £24,293 to £21,701 in real terms between 2007 and 2012
The starting salaries for graduate jobs has declined as the economic downturn bites. The average starting salary for graduates in professional employment dropped by 11%, from £24,293 to £21,701 in real terms between 2007 and 2012. Only two subject areas – Materials Technology, and Librarianship & Information Management – showed an increase in starting salaries, … Continue reading
UK – 26,000 Public service job could be cut union warns
With the impending release of the commission of audit and federal budget, job cuts in the public service could total more than 26,000 over the next three years, according to the public servants’ union. Job cuts to the public service are expected to be recommended in the Commission of Audit, and possibly announced in the … Continue reading
McDonald’s in Canada – The federal investigation use of temporary foreign workers has widened
The federal investigation into McDonald’s use of temporary foreign workers has widened to several other locations, as more local workers speak out about feeling sidelined and shortchanged. “I feel it’s definitely discrimination against Canadians,” said Chris Eldridge, from Lethbridge, Alta. Eldridge just quit his managerial job for six McDonald’s locations in Alberta, because he said … Continue reading
US – Only 19 percent of lower-income individuals individuals aged 50-58 participated in a pension of any kind at their current jobs
In 2010, only 19 percent of individuals ages 50-58 whose household incomes were less than 300 percent of the poverty line participated in a pension of any kind at their current jobs, compared to 56 percent of those above 300 percent of poverty. This paper investigates this pension gap. In particular, we decompose the pension … Continue reading
Amazon – Unhappy workers: Take $5,000 and go
Quitters wanted: Unhappy with your job? Feeling unproductive? Take $5,000 and go. At least, that’s what Amazon.com Inc. is offering its warehouse employees. In a letter to shareholders this week, Chief Executive Jeffrey Bezos outlined the details of a rare human resources strategy the online retail giant has launched. Dubbed Pay to Quit, the program … Continue reading
Banks in Europe – 80,000 jobs cut in 2013 finds Reuters
Europe’s 30 largest banks by market value cut staff by 80,000 in 2013, calculations by Reuters based on their year-end statements showed. Recruitment consultants warn workers’ hopes for a turnaround this year could be misplaced, bad news for countries like Spain where tens of thousands of bank layoffs have helped drive unemployment to 26 percent. … Continue reading
China’s grads – Shanghai the top pick for job
A recent survey shows that Shanghai has become the favorite place for China’s college graduates to find a job, overtaking the capital Beijing. From over 50,000 students at more than 100 colleges who were surveyed by the 21st Century English Paper of the English-language China Daily, 27% said Shanghai is their first choice for a … Continue reading
Canada – CBC to cut 657 jobs
CBC president Hubert Lacroix announced on Thursday afternoon that 657 jobs would be eliminated over the next two years for reasons that included — although were not limited to — the end of Hockey Night in Canada production at the CBC. Most of the positions will be cut in the months ahead as the Saturday … Continue reading
Personal income tax in OECD – It has risen in 25 out of 34 countries over the past three years
Personal income tax has risen in 25 out of 34 OECD countries over the past three years, as countries reduce the value of tax-free allowances and tax credits and subject higher proportions of earnings to tax, according to new data in the annual Taxing Wages publication. The increases in tax burdens on labour income in … Continue reading
Australia in March – Unemployment Rate fell to 5.8%
The unemployment rate has fallen to a four-month low, in what is being read as a sign of an improving economy. The jobless rate was 5.8% in March, down from 6.1% in February, according to seasonally-adjusted figures from the Australian Bureau of Statistics. The number of people with jobs rose 18,100 in March after a … Continue reading
The first annual “European Jobs and Skills review”
The first annual European Jobs and Skills review takes an in-depth look at trends in employment and unemployment in countries and regions across Europe, tackling the critical issues of underemployment, structural unemployment, productivity and wages, changes in the nature of work, skills supply, labour market gaps and youth unemployment. The world is changing rapidly due … Continue reading
Jobless Claims in US – The last time initial claims were this low was May 12, 2007 says DOL
In the week ending April 5, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 32,000 from the previous week’s revised level. The last time initial claims were this low was May 12, 2007 when they were 297,000. The previous week’s level was revised up by 6,000 from 326,000 to 332,000. … Continue reading
Sweden – To try six-hour public sector workday
A city council in Sweden is set to cut the number of hours its staff members work down to just six – while keeping them on full pay. The controversial economic experiment will see municipal workers in Gothenburg, the country’s second-largest city, become guinea pigs in a trial lasting at least one year. The council’s … Continue reading
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