Job Market Monitor
In the News
Greece / Unemployment rate rise to 26.8 percent, youth hardest hit
Greece’s jobless rate rose again in March, reflecting the pain of a crippling recession after years of austerity under the country’s international bailout. Record joblessness is a major angst for Greece’s coalition government as it scrambles to hit fiscal targets and show there is light at the end of the tunnel after years of unpopular … Continue reading
US / Job Creation Best in Five Years finds Gallup
Gallup’s U.S. Job Creation Index increased to 22 in May, the highest score for any month since April 2008. The Job Creation Index is now much improved from the all-time monthly low of -5 recorded in February and April 2009. The net job creation score is based on 37% of workers telling Gallup that their … Continue reading
US / The unemployment problem: bigger than NYC and LA combined – Economy
12 million unemployed The job market has been healing for more than three years now, but the jobs crisis is still truly a crisis. The staggering statistics get repeated so often they can become numbingly abstract. About 12 million Americans still remain unemployed, but who can wrap their head around that number? Try wiping both … Continue reading
France / Unemployment rate hits 14-year high
France’s unemployment rate hit a 14-year high in the first quarter of 2013, casting fresh doubt on President Francois Hollande’s goal of reversing the rising jobless trend by year-end. The jobless rate of 10.8 percent, published by the INSEE statistics agency on Thursday, was the highest on record since the first quarter of 1999. The … Continue reading
Executives / 73% of Senior Executives Considering New Career Opportunities, But Not Expecting a Promotion
Senior executives are open to new career opportunities, and expect to make lateral moves as competition for executive job opportunities increases. This survey of senior executive members of BlueSteps was conducted from March 1st – April 1st 2011, and received 1,348 responses, including 48% from the Americas, 32% from EMEA and 20% from Asia Pacific. … Continue reading
India / An Employability Centre
An employability centre to help job-seekers enhance their skills will be launched here on June 22 by the District Employment Exchange. This is in line with the exchange’s plans to expand its reach beyond government service and help job-seekers find placements in the private sector. A job fair is being arranged, along with the inauguration … Continue reading
Spain / The good economic news: unemployment drops
The Spanish government said Tuesday that an unexpected drop in unemployment in May was one of the best pieces of economic news since the start of the crisis, but the data showed that temporary hires accounted for much of it. The number of people registered as unemployed declined by almost 2 percent, or 98,265 people, … Continue reading
US Law School / The Oversupply of law school graduates
By now, even law schools themselves acknowledge that they’ve been churning out too many graduates for too few available jobs. Less widely appreciated, however, is that the lawyer glut appears to be much more severe in some parts of the country than in others. There’s nowhere in the United States that new JD’s have it especially … Continue reading
China / BN Vocational School
Established in 2005, BN Vocational School (BNVS) is China’s first tuition-free, non-profit charitable vocational school at the senior secondary level. It is also the targeted school subsidized by the Project Hope of the China Youth Development Foundation and the Project Hope’s Vocational Education Fund. The guiding principle of BNVS is to provide employment oriented training … Continue reading
Myanmar / Coca-Cola plant to create 22,000 jobs
For the first time in more than 60 years, Coca-Cola is being bottled in Myanmar. Muhtar Kent, chairman and CEO of The Coca-Cola Company, attended the ceremonial inauguration of a bottling plant in Crystal Springs, Hmawbi Township. The facility is the first to locally bottle Coca-Cola since the company re-entered Myanmar last year, says a … Continue reading
Japan / Working Women are the most underutilized asset
This month, prime minister Shinzo Abe will begin unveiling Japan’s “national growth strategy,” the structural reforms from the “third arrow” of Abenomics. This will include a crucial one: boosting female employment. Already, Abe has called on corporations to have at least one female executive per company (paywall). The government also plans to open 250,000 daycares … Continue reading
UK / 67% of working mothers believed having children has hindered their progress at work
Employers are being warned they are wasting talent after research highlighted career progress is being hindered for more than two-thirds of women who return to work after having a child. Women who return to work after having children feel they are being held back in their careers. Research by banking group Santander has found 67% … Continue reading
China / Youths want fair play
Less than one month away from graduation, Jiang Zhiquan, a postgraduate student in Nanjing, capital city of east Jiangsu Province, grows anxious day by day as he still hunts for a job. In his latest effort to grab one, the 26-year-old failed to pass the provincial test for public servants in Jiangsu. “I think may … Continue reading
Randstad launches report on flexible labor and employment
Modifications to the needs and desires of the global labor force mean that the demand for flexible employment is growing, but new research from Randstad reveals that availability of flexible work has remained stagnant over the past decade. Although businesses and the wider economy stand to benefit from the trend, it seems that many employers … Continue reading
Billabong / More Layoffs to come ?
In more Billabong news, several senior Billabong employees in the Americas were laid off today, including well-known sales executives. Names on the list include retailer favorites Jeff Booth, Men’s National Sales Manager, Angi Broberg, Billabong Girls National Sales Manager, and Royce Cansler, who handled surf retail relations. Royce Cansler, Jeff Booth, George Karamitos of Maui … Continue reading
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