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Australia / Unexpected Job Gains as Unemployment Rate Falls
The number employed persons in Australia unexpectedly increased in May, owing to an increase in part-time employment, the latest report from the Australian Bureau of Statistics showed Thursday. The report also revealed a marginal dip in the unemployment rate. The number of employed persons rose 1,100 from a month earlier to 11.66 million in May. … Continue reading
UK / Student interns three times more likely to get at least one definite job offer
Research shows that some 36 per cent of students completing a work experience placement had received at least one definite job offer by the Easter of their final year compared with just 11 per cent of other undergraduates. Experts warned that work experience was “no longer an option extra” for universities and had increasingly become … Continue reading
US Census / Asians fastest-growing ethnic group and median age climbed to 37.4 in 2012
The U.S. Census Bureau announced Asians were the nation’s fastest-growing race or ethnic group in 2012. Their population rose by 530,000, or 2.9 percent, in the preceding year, to 18.9 million, according to Census Bureau annual population estimates. More than 60 percent of this growth in the Asian population came from international migration. By comparison, … Continue reading
RBS / To axe 2,000 jobs in investment bank
Royal Bank of Scotland (RBS.L) said on Thursday it would cut jobs in a restructuring of its investment bank, which a source familiar with the matter said would see about 2,000 jobs go. Chosen excerpts by Job Market Monitor via RBS axes 2,000 jobs in shake up of investment bank | Reuters.
IBM / Starts to Cut Jobs Amid Global Reduction
International Business Machines Corp. (IBM), the world’s largest computer-services provider, began cutting U.S. jobs today as part of a global restructuring plan announced in April, a person familiar with the move said. The reduction targets employees with a range of seniority, from rank-and-file staff to executives, said the person, who asked not to be named … Continue reading
US / The Boy education gap
In the discussion of how to boost the education and skill levels of the American work force, one central issue is rarely addressed: the gap between male and female achievement. The reality is that the slowdown in U.S. educational gains is predominantly a male affair, and one that drags down the overall competitiveness of our … Continue reading
Germany / EU immigrants leave within a year
Although Germany may be the destination of choice for many immigrants looking for work, most who come here from crisis-hit European countries stay for less than a year, according to new figures. Even though the employment situation in countries such as Greece and Spain has not improved, most of those who head to Germany soon … Continue reading
Canada / Women and immigrants are the new millionaires
Almost half of Canada’s richest residents are new immigrants or first generation Canadians, according to research conducted for BMO. The survey found that two-thirds of Canada’s millionaire respondents were self-made, with only 20 per cent attributing at least part of their wealth to an inheritance. And 48 per cent were either immigrants to Canada (24 … Continue reading
Swiss / Influx of Skilled EU Workers Good for the Economy says Zurich-based KOF
The strong inflow of immigrants into Switzerland in the decade through 2011 helped boost the Alpine country’s economy and hasn’t led to local workers being squeezed out of the labor market, according to a study by the KOF economic institute. “On the contrary, the influx of foreign workers into Switzerland since 2002 has reduced unemployment … Continue reading
US / Unemployment Claims decrease by 12,000 near a five-year low
In the week ending June 8, the advance figure for seasonally adjusted initial claims was 334,000, a decrease of 12,000 from the previous week’s unrevised figure of 346,000. The 4-week moving average was 345,250, a decrease of 7,250 from the previous week’s unrevised average of 352,50. Chosen excerpts by Job Market Monitor via ETA Press Release: … Continue reading
Canada / Employment Insurance / Down for the fifth consecutive month
The number of people receiving regular Employment Insurance (EI) benefits continued to trend down for the fifth consecutive month in March, declining slightly by 1.0% (-5,200) to 523,700. Compared with a year earlier, the number of beneficiaries was down 8.1%. All four Western provinces as well as Newfoundland and Labrador had fewer beneficiaries in March, while there was … Continue reading
Renewables sector employs 5.7 million people globally
New reports confirm renewable energy market stalled last year as technology costs fell, but emerging economies promise to drive growth The UN Environment Programme (UNEP) has today confirmed global investment in renewable energy slowed down last year, even as deployment in key technologies and markets continued to accelerate. The agency has this afternoon published two … Continue reading
Vocational Education / SkillsUSA WorldTeam to International Competition of Young Skilled Workers
SkillsUSA, the organization that represents the United States in the WorldSkills Competition, is sending 20 career and technical education students to Leipzig, Germany, to compete in 19 skill categories during the 42nd biennial international event July 2-7, 2013. This is the largest U.S. team ever assembled. The U.S. first entered international competition in 1975. The … Continue reading
Greece / State TV shutdown – 2 500 jobs cut
Greece’s government faced an internal revolt and public outrage on Wednesday over the sudden closure of state broadcaster ERT, hours after the humiliation of seeing its bourse downgraded to emerging market status. The twin setbacks, coupled with the derailing of a troubled privatisation programme, reversed a rise in investor confidence that had prompted Prime Minister … Continue reading
Canada / Gap between youth and adult employment widest in 35 years
Young people in Canada have long faced a tougher slog in the job market than adults, but the gap between youth and adult unemployment has now reached the widest gap in 35 years, a new Statistics Canada report shows. The youth unemployment rate in 2012 was 2.4 times that of adults — marking the biggest … Continue reading
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