In the News

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UK / Almost half of graduates work in non-graduate jobs, says ONS

Almost half of graduates in the UK are working in non-graduate roles, a report published by the Office of National Statistics (ONS) has found. Continue reading →

Unemployment in France / No reversal in sight

Our analysis of the labour market up to 2014, which is set out in the latest OFCE forecasts of October 2013, suggests that no significant improvement in unemployment is expected by the end of 2014 Continue reading →

MBAs in US / The Job Market to get a lot worse i

If you’re graduating from business school this spring, you might want to be sitting down for this: the job market for recent MBA graduates looks poised to get a lot worse in 2014 Continue reading →

Bernanke / There’s a long way to go before raises rates

“In particular, even after unemployment drops below 6.5 percent, and so long as inflation remains well behaved,” he continued, “the (Fed Open Markets) Committee can be patient in seeking assurance that the labor market is sufficiently strong before considering any increase in its target for the federal funds rate Continue reading →

Brazil / Unemployment falls to record low but real wage bill growth is at its lowest level

Brazil’s wage growth is starting to ease. It’s still growing, but it is growing much slower than it has in the last two years even as unemployment hit a record low in October. Continue reading →

NEETs in UK / 1.07million, a drop of 19,000 says ONS

There were 1.07 million young people (aged from 16 to 24) in the UK who were Not in Education, Employment or Training (NEET), down 19,000 from April to June 2013 and down 28,000 from a year earlier Continue reading →

Chronic unemployment shortens lives finds genetics study

The results, reported in the journal PLOS One: “Among 31-year-old men, unemployment exceeding 500 days or two calendar years within the previous three years was associated with shorter leukocyte telomere length,” the researchers report Continue reading →

China / Retirement age would be advanced a year

Workers in the mainland who want to stay in their jobs longer may be disappointed as a senior party spokesman said the retirement age would be advanced up to a year later as part of an experiment to deal with the country’s increasingly aged population Continue reading →

US Jobless Claims / Fell for the fifth time in six weeks

The number of people filing for new unemployment benefits fell for the fifth time in six weeks, more evidence that the labor market is steadily improving. Initial claims for jobless benefits, a measure of layoffs, decreased by 21,000 to a seasonally adjusted 323,000 in the week ended Nov. 16, the Labor Department said Thursday. Economists … Continue reading →

Ford in US / To add 350 jobs

Ford will add 350 jobs and invest $150 million at a US stamping plant as part of a major expansion of its capacity, the automaker said Thursday. The investment will be used to upgrade equipment at its Buffalo, New York facility and the new jobs will support a third shift of production. Ford said it … Continue reading →

Canada / Mobility for work at highest level

The number of Canadian workers migrating between provinces in search of jobs has hit its highest level in almost 25 years, according to a Bank of Montreal analysis Continue reading →

US Job Recovery and Men / The ‘1 million missing’

“Unemployed construction workers have left the industry, either to go back to school, retire or maybe leave the country. They’re no longer sitting at home waiting for a contractor to call them,” said Ken Simonson, chief economist for Associated General Contractors. He calls them the “1 million missing men.” Continue reading →

IMF on the Gulf Region / Labor market reform would boost jobs

A new paper by IMF staff says that comprehensive labor market reforms are needed to reorient the Gulf Cooperation Council (GCC) economies toward greater employment of nationals in the private sector, improve productivity, and support progress toward economic diversification Continue reading →

Tribune / To cut 700 jobs across the Chicago Tribune, Los Angeles Times and six other daily newspapers

Tribune Co. announced a restructuring of its publishing business Wednesday to focus on its digital efforts and streamline operations, resulting in nearly 700 job losses across the Chicago Tribune, Los Angeles Times and six other daily newspapers Continue reading →

Immigrants in Germany / 555,000 more than last year came in the first six months of this year

German unemployment is lower and economic growth more robust than in most other EU member states, making it an attractive destination despite regulatory hurdles involved in moving and the language barrier. Continue reading →

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