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China / Official clarifications on retirement policy
A Chinese human resources official has denied that planned changes to retirement age will start with either civil servants or those engaged in heavy physical labor. Hu Xiaoyi, deputy head of the Human Resources and Social Security Ministry, made the remarks at a press conference to elaborate on the policy. Speculation surfaced on the Internet … Continue reading
Gender Pay gap in US / Millennial Women Near Parity
These findings are based on a new Pew Research Center survey of 2,002 adults, including 810 Millennials (adults ages 18 to 32),2 conducted Oct. 7-27, 2013 Continue reading
EADS in France / ‘Layoffs unacceptable’ labor minister Michel Sapin says
French labor minister Michel Sapin Tuesday said European Aeronautic Defence & Space Co. (EAD.FR) shouldn’t cut its overall staffing level in France after the company announced plans Monday to cut 5,800 jobs through 2016 in Europe in its military and space units. “France finds it unacceptable that a business like EADS cuts jobs overall while … Continue reading
Skills Gap in Ireland / Tech multinationals boost but jobs go unfilled
On December 15, after years of spending cuts and tax rises, Ireland will become the first of the rescued eurozone countries to exit its EU-IMF bailout programme. Dublin had to move the economy away from reliance on property “to move to a sustainable economy built on enterprise, innovation and exports,” the minister with responsibility for … Continue reading
Hiring in India / Job portals are the most popular
Print media has lost its popularity as a preferred hiring channel and there is a heavy reliance on job portals who account for a majority of the overall hiring among Indian organisations, a survey says. According to a People Matters-CareerBuilder survey, among the channels used by Indian recruiting organisations, 82 per cent of Indian employers … Continue reading
Youth unemployment in Europe / It could prolong the crisis says Christine Lagarde says
Christine Lagarde, the managing director of the International Monetary Fund, has warned that long-term prospects for growth in the eurozone look bleak unless politicians act urgently to stoke domestic demand and tackle youth unemployment. After months of relative calm in financial markets, and with Ireland due to end its painful bailout programme and end its … Continue reading
Millionaire immigrants in Quebec / Just 10% still there 5 years later
The vast majority of millionaire immigrants who come to Canada through Quebec’s immigrant investor program do not stay in that province, allowing Quebec to keep millions in job creation dollars while other provinces carry the costs of settlement Continue reading
Kellogg’s / 500 Layoffs in London, Ont.
The Kellogg’s plant in London, Ont., will close by the end of 2014, resulting in the loss of more than 500 full-time jobs. The employees were told the news Tuesday during a staff meeting. “As with any project of this scope and one that impacts people, these are difficult decisions,” John Bryant, president and chief … Continue reading
Unemployment Insurance in US / Has it increased joblessness ?
House-Senate negotiators are close to a modest budget accord to avoid another government shutdown, but suddenly the White House is introducing a last-minute demand. Five years into an economic recovery that President Obama often hails as miraculous, he wants to extend unemployment benefits one more time. Maybe it’s time to consider whether the big expansion … Continue reading
US / Was NAFTA good for workers ?
The North American Free Trade Agreement (NATFA) was the door through which American workers were shoved into the neoliberal global labor market. By establishing the principle that U.S. corporations could relocate production elsewhere and sell back into the United States, NAFTA undercut the bargaining power of American workers, which had driven the expansion of the … Continue reading
Unemployment and Minimum Wages in Europe, 2013 – A Table
Unemployment and Minimum Wages in Europe, 2013 via Stephen Hicks, Ph.D. » Table: Unemployment and Minimum Wages in Europe, 2013.
Canada / All the jobs created since a year were in the low-paying, economically insecure, sales and service occupations
From November 2012 until November 2013 economist Andrew Jackson reports that all the jobs created in Canada were in the low-paying, economically insecure, sales and service occupations. The CPC are the bad jobs party. An in-depth report done in 2013 by McMaster University and the United Way looked at how people living in the Greater … Continue reading
Canada / Governments slash jobs at record pace
Canadian governments are slashing jobs with notable speed, one of the reasons behind the weaker showing in the labour market. Continue reading
Youth unemployment in Nigeria / The Federal Government must declare emergency
The Chairman, Senate Committee on Environment and Ecology, Dr. Bukola Saraki, on Monday urged the Federal Government to declare a state of emergency on youths’ unemployment to address youth restiveness and enhance peaceful co-existence in Nigeria. He spoke in Ilorin at a one day technical youth summit for unemployed youths in Kwara State titled ‘Youths … Continue reading
Most labor economists consider that unemployment benefits have only a modest negative effect on job search writes Krugman
On the contrary, unemployment benefits help create jobs, and cutting those benefits would depress the economy as a whole he says Continue reading
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