Job Market Monitor
In the News
US / Private college created fake jobs for grads reports the Huff
Eric Parms enrolled at an Everest College campus in the suburbs of Atlanta in large part because recruiters promised he would have little trouble securing a job. He’d seen the for-profit school’s television commercials touting its sterling rates of job placement, and he’d heard the pledges of admissions staff who assured him that the campus … Continue reading
Sharp factory in Wales / 615 jobs to go
Wrexham MP Ian Lucas said the loss of an expected 615 jobs at the Sharp factory on the Llay Industrial Estate announced today is a hammer blow to the town. “May I say how sorry I am for those who are losing their jobs in the run up to Christmas and I will work with … Continue reading
Student Debt in US / The national share of grads with loans rose from 68 percent in 2008 to 71 percent in 2012 with an average of $29,400 in debt
Student Debt and the Class of 2012 is our eighth annual report on the cumulative student loan debt of recent graduates from four-year colleges. Our analysis finds that the debt levels of students who graduate with loans continue to rise, with considerable variation among states as well as among colleges. Seven in 10 college seniors … Continue reading
Europe / Employment fell by 0.8% in the euro area and by 0.3% in the EU28 since a year
These quarterly data on employment provide a picture of labour input consistent with the output and income measure of national accounts Continue reading
Cisco / To create up to 1,700 jobs with Ontario Govt
Cisco and the Ontario government today announced an agreement that could see the networking company spend as much as $4 billion over the next 10 years to expand its operations in the province. Premier Kathleen Wynne and Nitin Kawale, president of Cisco’s Canadian unit, attended a news event Friday in Toronto to release details of the … Continue reading
Novartis (Ciba Vision) / To cut 300 jobs with closure in Mississauga
Novartis AG will close its Ciba Vision plant in Mississauga, Ont., next year, laying off 300 workers, another in a growing list of factory shutdowns in the province. The plant, which has been making contact-lens solution for about three decades, will start winding down in May with the full closing slated for the end of … Continue reading
Ford / To Hire 5,000 in US and 6,000 in Asia
Ford Motor Co. (F) plans to add 11,000 jobs in the U.S. and Asia in 2014, with more than half of those hires coming in the latter region where the company is scheduled to open two factories. Ford plans to hire about 6,000 people in Asia, most of them as hourly employees, according to a … Continue reading
Tackling Youth Unemployment / Try apprenticeships says ILO
The ILO was host this week to a Sub-Regional Workshop on Apprenticeship Systems in Europe, where government, workers’ and employers’ representatives had the chance to exchange ideas and best practices on successful apprenticeship systems in the continent. Apprenticeship systems have played an important role in certain countries to help reduce youth unemployment. Watch the videos … Continue reading
Sweden / The unemployment rate is at 8.0% (sa)
In November 2013 the number of employed persons aged 15-74 increased by 75 000 compared to November 2012 and amounted to 4.7 million (±35,000). The employment rate was 65.6 (± 0.5)%, an increase of 0.7 percentage points. The number of employed women increased by 53,000 and amounted to 2 236,000 (±27,000), while the number of … Continue reading
Balkan Countries / High unemployment rates
In Croatia, which has a 17 percent unemployment rate, almost 1,000 people lose their jobs daily. The rate is far above the EU average of 12 percent. The government is launching a programme in January to combat the high rates. Guarantee for Youth, which is funded by the EU, aims to secure jobs within six … Continue reading
Australia / Unemployment Rate up at 5.8% near post-crisis high
Australia’s jobless rate rose to 5.8% in November, edging closer to a post-financial crisis high and posing a challenge for the country’s conservative government. Unemployment surged to the top of the political agenda Wednesday as General Motors Co. GM -0.10% said it would cease all production in Australia from 2017, resulting in more than 2,900 … Continue reading
Latvia / Unemployment increases to 9.3 percent
Unemployment in Latvia during November increased to 9.3 percent, the State Employment Agency reports. The new figures show an increase of 0.2 percent when compared to October, where the registered unemployment rate was 9.1 percent. The highest unemployment rate was recorded in the Latgale Province at 18.7 percent, whilst the lowest unemployment rate was registered … Continue reading
Korea / Unemployment rate falls to 2.9%
South Korea’s unemployment rate fell slightly to 2.9 percent in November, as healthcare and other service industries added more jobs, official data showed Wednesday. The seasonally adjusted jobless rate compared to 3.0 percent posted in October and 3.0 percent in the same period a year earlier, the state-run Statistics Korea said. Unadjusted, the figure stood … Continue reading
Jobless Claims In US / They surge to 368,000
The number of Americans filing new claims for unemployment benefits rose sharply last week, reversing the prior three weeks declines, but a recent strengthening of the labor market likely remains intact. Initial claims for state unemployment benefits surged 68,000 to a seasonally adjusted 368,000, the Labor Department said on Thursday. That was the largest weekly … Continue reading
Gender Pay gap in UK / Increased to 10.0% from 9.5% in 2012 finds ONS
The gender pay gap (i.e. the difference between men’s and women’s earnings as a percentage of men’s earnings) based on median gross hourly earnings (excluding overtime) for full-time employees increased to 10.0% from 9.5% in 2012 Continue reading
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