Job Market Monitor
In the News
Australia / Labour market continues to weaken
The summary ABS Labour Force (seasonally adjusted) estimates for July 2013 are: Employment decreased 10,200 (0.1 per cent) with full-time employment falling by 6,700 and part-time employment falling by 3,500. Unemployment decreased by 5,700 (0.8 per cent) to 705,400 but only because the labour force shrank on the back of a declining participation rate The … Continue reading
US / Layoffs falls to pre-recession level but jobless claims edges 5,000 higher
US – it appears that a long cycle of aggressive layoffs, which had fuelled a surge in unemployment and helped shape two presidential elections, is over but last week, initial jobless claims edged 5,000 higher Continue reading
Eurozone / The recession is over, but youth unemployment hits record 65 pc in Greece
The Euro Zone recession is over but those aged 15 to 24 in Greece remained the hardest-hit as the jobless rate for this age group registered 64.9 percent Continue reading
UK / Interest rates to be held at record low until unemployment falls below 7 pc
UK – MARK Carney, the new governer of the Bank of England, today vowed to keep the interest rate at 0.5 per cent until at least the end of 2016 unless inflation rises sharply Continue reading
Italy / Recession Hits A Record Duration
Italy’s recession has now extended into an eighth consecutive quarter, meaning it has lasted a record two years Continue reading
Portugal / Unemployment Rate 2Q: 16.4%
Portugal Unemployment Rate 2Q: 16.4% Continue reading
Metso / To cut 750 jobs
Most of the 750 jobs to be eliminated are in Finland. Continue reading
China / Jobless graduates may exceed 3 M
Over 3 million graduates in China are struggling to find jobs this year, according to a report on China’s social security, released on Sunday Continue reading
US / A lot of new jobs are low-pay or part-time – Business news – Boston.com
The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse.
A disproportionate number of the added jobs were part-time or low-paying — or both. Continue reading
US / Food Stamps and Disability Explode
US – Food stamps skyrocket as unemployment rates remain flat while disability recipients hit record for 192nd straight month Continue reading
Gannett / At least 200 Layoffs
Gannett has reportedly laid off over 200 staffers in the company’s biggest round of cuts in years Continue reading
China’s Skills Gap / The most severe managerial shortage in the world
China will experience the most severe managerial shortage in the world in the second half of 2013, continuing a five-year trend, according to a survey of executive search consultants Continue reading
Korean-Chinese Labourers / Work in poor conditions
Korean-Chinese labourers often take dirty and dangerous jobs shunned by South Koreans and work in poor conditions without proper safety training Continue reading
LinkedIn / Counting on job search and recruitment products
LinkedIn relied on a surge in sales of its recruitment products to exceed revenue and net income expectations Continue reading
US Older Workers / Simoneau’s story
Forty-four percent of jobless workers 55 or older had been unemployed for over a year in 2012. And while older workers have a lower unemployment rate overall, the ones who lose their jobs can find the long hunt for work unbearable.
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