Job Market Monitor
In the News
US Gender Gap / 11 of 15 top-paying jobs dominated by men
The balance of genders among top professions leans heavily toward men but women are making strides forward, U.S. employment firm CareerBuilder said. “While employers have made strides in equalizing compensation for both genders, historical gaps are still present in some organizations today,” Rosemary Haefner, vice president of Human Resources at CareerBuilder said in a statement. … Continue reading
US / More older Americans and retirees working seasonal and temp jobs
Many older Americans and retirees are now working temporary and seasonal jobs as well as project assignments. There is a big demand in this area as employers generally do not have to pay benefits and the costs of off boarding are minimal by comparison to having to let a full-time person go. Any time employers … Continue reading
US Veterans / Companies honored for hiring
We know the problem: the jobless rate for military members who have served our country since 9/11 is significantly higher than the general population. Each year, the Families and Work Institute, a non-profit and non-partisan research organization, honors companies that have gone the extra mile to help vets as they return to the civilian workplace. … Continue reading
BC / Vancouver Sun and The Province to cut jobs
Employees at two of B.C.’s biggest newspapers were warned Wednesday that their jobs are on the line in the midst of severe revenue declines. Staff at the Vancouver Sun and The Province received a four-page memo from their new president detailing the company’s financial woes. Gordon Fisher, the new president and publisher of Pacific Newspaper … Continue reading
US / Jobless claims fall
The number of Americans filing new claims for unemployment benefits fell last week, offering reassurance that the bottom is not falling out of the labor market despite signs of slower growth. Initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 339,000 the Labor Department said on Thursday. The prior week’s number was … Continue reading
Finland / Outokumpu Oyj cuts 2,500 jobs
Finnish metals group Outokumpu Oyj says it will slash 2,500 jobs worldwide in the next four years to cut costs by 350 million euros ($455 million) and improve profitability as stainless steel demand continues to fall. The world’s leading stainless steel maker says about a third of the job cuts will be applied this year, … Continue reading
Spain / Unemployment rate at record 27pc
Spain’s unemployment rate has climbed to a new record of 27.16 per cent in the first quarter of 2013, as a deep recession sparked by the collapse of a property bubble ravages the eurozone’s fourth-largest economy. The jobless rate jumped from 26.02 per as the number of unemployed climbed by 237,400 people to 6.2 million, … Continue reading
Scotland / Government sets up mining jobs taskforce
A Scottish government taskforce has been set up to try to retain jobs at a collapsed coal-mining firm. Scottish Coal, which operated six open cast mines across Scotland, announced nearly 600 redundancies when it went into liquidation last week. Energy minister Fergus Ewing said the Scottish Open Cast Mining Taskforce would do everything it could … Continue reading
Australia / NSW expects 30,000 care jobs by 2018
It is estimated that the growth in the state’s disability sector will create more than 30,000 new jobs by 2018. The new jobs will come from government investments and the national disability insurance scheme. NSW Disabilities Minister Andrew Constance launched another advertising blitz on Wednesday aimed at encouraging job seekers to consider the community care … Continue reading
Chicago / The “Fight for 15” campaign (at least $15 per hour )
Workers at 30 fast-food restaurants and retail stores in downtown Chicago plan to stage a walkout Wednesday in hopes of pressuring their bosses to pay them more money. The action is part of the “Fight for 15” campaign, organized by the Service Employees International Union along with nonprofit groups, which seeks wages of at least … Continue reading
BASF To Cut 500 Jobs
German chemicals giant BASF SE (BASFY,BFA.L) said it will cut about 500 jobs worldwide by the end of 2015, including 350 in Switzerland, and also streamline processes as part of a restructuring at its performance products segment. BASF plans to significantly increase competitiveness at the segment in the coming years by streamlining processes, investing in … Continue reading
US / Pension / John Bogle on defined benefit programs
Q: In terms of the evolution of America’s retirement health, we’ve moved from defined benefit programs, pensions, to defined contribution. … Describe what’s happening to our retirement health as these [different] instruments are introduced and the rush of people into mutual funds. … … In my new book, which is called The Clash of the … Continue reading
Google / SAT scores and college GPA are devaluated tools for evaluation of candidates
Increasingly, recruiters and managers are going beyond the resume and evaluations and turning to Big Data. That means a lot of old practices for evaluating people and stereotypes about who succeeds are falling apart. Google, known for rigor in evaluating people, has devalued SAT scores and college GPA, which have long been critical tools for … Continue reading
UK / Employers not making the most of e-learning methods
Three-quarters (74%) of organisations currently use e-learning, but only 15% report that it is one of the most effective learning practices available to them. This gap will need to be closed if UK businesses are to keep up with the impact of globalisation and capitalise on the benefits of e-learning, such as improved connectivity and … Continue reading
UK Gender Gap / Women Unemployment at 25-year high
Almost 1.5 million women could be unemployed by 2018 if the government’s current plans for job growth continue as planned, according to a new survey. Women’s unemployment is rising to a 25-year-high, while men’s is decreasing, with 60% of new private-sector jobs since the first quarter of 2010 going to men. The report by the … Continue reading
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