Job Market Monitor
In the News
Layoffs in Pharmaceutical Industry / Due to Productivity Crisis in R&D ?
The number of new drugs approved per billion US dollars spent on R&D by the pharmaceutical industry fell by half roughly every 9 years since 1950 Continue reading
Canada / Unemployment rate declined to 6.9% as fewer youths searched for work
Employment was up 1.2% (+212,000) compared with 12 months earlier Continue reading
Unpaid internship in China / Students assembling PlayStation in sweatshop for course
Students in China are reportedly being forced to assemble Sony’s forthcoming Playstation 4 or risk failing their course Continue reading
Teva / The drug company to cut 5,000 jobs
Teva Pharmaceutical Industries will cut about 5,000 jobs, 10 percent of its workforce Continue reading
US / Almost 34,000 Government Workers Apply for Unemployment | Washington Free Beacon
Nearly 34,000 federal workers applied for unemployment benefits in the first week of the shutdown, according to government agencies Continue reading
Australian / Jobless rate dropped to 5.6 percent from 5.8 percent, but not a good news
Australia’s unemployment rate unexpectedly declined in September, adding to evidence a two-year interest rate cutting cycle is boosting demand. The jobless rate dropped to 5.6 percent from 5.8 percent, the statistics bureau said in Sydney today. That compares with the median estimate for unemployment to hold steady in a Bloomberg News survey of 26 economists. … Continue reading
UK / 40,000 jobs available in admin
Over the next five years 600,000 people will be needed to fill existing roles as employees move on or retire. Getting into the sector is straightforward, whatever your age or background. Continue reading
Canada / Encourage Americans to head north and fill skilled positions says Conference Board
That’s the recommendation of a new that makes some interesting points while coming to what some may consider a controversial conclusion Continue reading
Counterfeiting / 270,000 jobs lost
270,000 is the estimated figure of lost jobs in the last ten years worldwide. Of these, 125,000 were lost in the European Union. Continue reading
India / World Bank calls National Rural Employment Guarantee Act a stellar example
The World Development Report 2014 has described the Mahatma Gandhi National Rural Employment Guarantee Act as a “stellar example of rural development\”. At the heart of the World Bank’s endorsement is the direct cash transfer (to bank and postal savings accounts) component of the rural employment programme. NREGA has been described as the perfect example … Continue reading
The Skills Gap in US / Don’t Blame Students for it
The Bureau of Labor Statistics reports that although nearly 12 million U.S. workers are unemployed, businesses report nearly four million open jobs—jobs that cannot be filled by previously displaced workers because of gaps in skills. There is clearly a mismatch between the education and skills that many Americans have and what employers need. At a … Continue reading
ProRail / The dutch railway operator to cut 600 jobs
ProRail, the state-owned Dutch railway network operator, is cutting its workforce by 15% over the next three years. Continue reading
Ontario / Numbers of minimum-wage workers more than double in eight years a study finds
Major shifts in the economy pushed more of Ontario’s workforce into minimum-wage jobs — more than double the share from nearly a decade ago, a new study shows Continue reading
UK / Royal Mail will cut thousands of jobs
Royal Mail has warned that thousands of postal workers will lose their jobs following its controversial privatisation. Continue reading
(Update) Alcatel-Lucent / To slash 10,000 more jobs but the government demands to “revise” the plan
French Prime Minister Jean-Marc Ayrault on Wednesday demanded that troubled telecoms company Alcatel-Lucent “revise” its plans to cut 10,000 jobs worldwide, including 900 in France Continue reading
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