Job Market Monitor
In the News
It is not the economy stupid! Spanish and Italians CEOs Best Paid in Euro Zone
Despite posting record unemployment figures in the first quarter of this year, Spain and Italy’s CEOs are the best paid in the euro zone, according to a new report. The annual Pay in Europe survey from The Federation of European Employers revealed that an Italian CEO of a multinational company could receive up to €1,144 … Continue reading
Journalism / Is It the Worst College Investment ?
If the constant downsizing in the news-media industry hasn’t already convinced you to pick something else to do with your life, a new study shows the worst “return on investment” for a four-year degree is a job in journalism. It takes journalists nearly 32 years to pay off their college loans. With a median salary … Continue reading
President Obama / Call for a Living Wage
“And now is the time to make sure that we are putting in place a minimum wage that you can live on — (applause) — because 60 percent of those making the minimum wage are women.” President Obama’s call for the minimum wage to be increased to a living wage was very important. The living … Continue reading
US / Is the Golden Age of Human Capital Over?
It seems that the golden age of human capital is losing its shine. That shine came not just from a high rate of return (both individual and social) on a college degree, but also from a beautiful, if partial, alignment between ideals of human development and the needs of employers. It was a happy alignment, … Continue reading
France / Michelin cuts 700 jobs
Michelin is cutting just over 700 jobs at its Joué-lès-Tours plant in the Loire region of France. It is the latest car industry manufacturer to respond to the European downturn with layoffs. The news was not received well at the factory, which makes tyres for lorries. Patrick Fontaine, a 36-year veteran at the plant, wept … Continue reading
100% rise in jobs for mobile app developers / Hotspots: India, China, Israel and Europe
To bridge the significant gap in demand and availability of skilled mobile app developers, several large organisations are tapping global talent hotspots like India, China, Israel and Europe, says a study. Job postings for mobile developers has doubled in the last two years, but supply is growing only at 13 per cent, the study by … Continue reading
Philippine / Only a fourth land good jobs says WB
The World Bank said that the Philippines need to create 14.4 million good jobs- jobs that raise real wages and bring people out of poverty- until 2016. The Washington-based agency in the latest Philippine Economic Update said there were 10 million people unemployed or underemployed as of 2012 and with 1.1million new entrants each year, … Continue reading
India / SMEs employ close to 40% of workforce, but contribute only 17% to GDP
Small and medium enterprises (SMEs) have been the backbone of the Indian economy. That is both a good and a bad thing. The good part first. Employing close to 40% of India’s workforce and contributing 45% to India’s manufacturing output, SMEs play a critical role in generating millions of jobs, especially at the low-skill level. … Continue reading
US / Employment Lags
The American economy may be the world’s biggest, but when it comes to job creation since the recession hit at the end of 2007, it is far from a leader. Indeed, contrary to the widespread view that the United States is an island of relative prosperity in a global sea of economic torpor, employment in … Continue reading
US / Long-Term Unemployment Persists
Long-term unemployment remains a very dark shadow in the May jobs report: 4.4 million workers have been out of a job for more than six months. In essence, the job market has normalized for the short-term unemployed. But the longer you have been out of a job, the bleaker the picture gets. The number of … Continue reading
Spain / Economics Nobel Laureates advise to address unemployment before reducing debt
El Economista writes that Economics Nobel laureates Eric Maskin, Finn Erling Kydland and Christopher Pissarides argue that Spain should abandon the focus on deficit reduction and concentrate instead on reducing unemployment. Maskin said the priority should be to put people back to work rather than obsessing over debt; Pissarides said that the necessary structural reforms … Continue reading
US / Men and Women Uses of Social Media (Infographic)
When it comes to social media, male and female behavior is very different. For instance, women do the bulk of Facebook sharing (62 percent), while more men are on LinkedIn than women (54 percent). Men also spend more time on YouTube each week than women, as guys clock an hour compared to 35 minutes for … Continue reading
Arab countries should embrace knowledge economy says the World Bank
The report: Transforming Arab Economies: Travelling the Knowledge and Innovation Road, published by the World Bank, Centre for Mediterrannean Integration (CMI) and European Investment Bank, shows how an economy based on innovation and knowledge can help promote greater economic growth and spur competitiveness. Inger Andersen, Vice-President for the Middle East and North Africa at the … Continue reading
Mobile Ad Companies / As many as 1,000 Layoffs
All those venture capitalists pouring money into mobile advertising startups might want to ask themselves why there have been as many as 1,000 layoffs at mobile ad companies and marketers this year. The mobile advertising business will grow to an estimated $7.29 billion in 2013, according to eMarketer. But the rising tide isn’t lifting all … Continue reading
Canada / EI ‘Reform’ / Atlantic premiers name panel to study Ottawa’s changes
Atlantic Canada’s premiers have appointed a four-member panel to review Ottawa’s changes to employment insurance. A member from each of the four provinces will sit on the panel to be led by University of Moncton economist Pierre-Marcel Desjardins. The other members include Nova Scotia labour union leader Danny Cavanaugh, Ian MacPherson of the Prince Edward … Continue reading
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