Job Market Monitor
In the News
Canada / Ottawa rushes to reform foreign-worker program
Faced with continuing criticisms that foreigners are taking jobs away from Canadians, the Conservative government is rushing to make reforms to the Temporary Foreign Worker Program, with officials working to include changes in the upcoming budget bill. However the government’s new-found sense of urgency – which was clearly expressed last week by Prime Minister Stephen … Continue reading
More layoffs at Electronic Arts
Electronic Arts has cut more jobs, with the latest layoffs taking place at EA Hyderabad (India) and social game studio Playfish (London). MCV India reports that 50 jobs were cut at EA’s mobile studio in India. The company acknowledged that layoffs took place, but declined to give any further official details. As for Playfish, Develop … Continue reading
Europe / Auto Market contracted in March
European new car sales contracted in March for an 18th consecutive month, industry data showed Wednesday, led by declines in Germany and France. New vehicle registrations in the European Union fell 10.2 percent in March from a year earlier, the European Automobile Manufacturers’ Association reported from Brussels, to 1.3 million vehicles from about 1.5 million … Continue reading
UK / Unemployment rises to 2.56 million
UK unemployment rose by 70,000 to 2.56 million between December and February, the Office for National Statistics (ONS) has said. It pushed the unemployment rate to 7.9%, raising further questions about the UK’s economic strength. The number of people in employment also fell, while earnings growth slowed considerably, according to ONS data. But there was … Continue reading
US / Jobs could come back if America could change its trade position says Harvard’s Lawrence
Manufacturing job opportunities could improve, although they will likely never be the same. But it isn’t because emerging markets such as China are the threat that many believe them to be, said Robert Lawrence, professor of international trade and investment at Harvard Kennedy School. Investors often focus on micro issues. They hone in on what … Continue reading
Ontario / The underground economy is stealing jobs
Some of those jobs London so badly needs, with the highest big-city jobless rate in the country, can be found underground. No, not in the dirt but in the underground economy. Hidden from number counters, the taxman and competing with businesses that pay their taxes and might even hire more people if business were better, … Continue reading
It is Time to Upgrade America’s Miserly Minimum Wage writes Ralph Nader
America’s highest-paid CEO last year, John Hammergren of McKesson Corp. received compensation of over $131 million. That is the equivalent of about $63,000 per hour, or $10,000 more than the annual median household income in the United States. Meanwhile, some of this country’s lowest-paid workers—those on minimum wage—made just $15,080 annually at $7.25 per hour. … Continue reading
China / 38.9 percent of working women dissatisfied with salaries
The Chinese Career Women Survey Report recently released by Career International－a leading one-stop recruitment solution provider in Asia, shows that 38.9 percent of working women surveyed are unhappy about their last pay rise and 59.9 percent intend to change jobs. Career International conducted a questionnaire survey on 1,700 people in February 2013, with women, mostly … Continue reading
India / Employability / The AMCAT – Aspiring Minds Computer Adaptive Testing
An oft-repeated grouse by the industry that only 25 per cent of the graduates are employable continues to be a niggling worry for institutions. Realising that it is essential to effectively measure the employability level of students to show the institutions where they stood to take remedial measures or improve, Aspiring Minds, an employability measurement … Continue reading
UK / Axa to Cut 450 Jobs
Axa SA (CS), Europe’s second-largest insurer, plans to cut 450 jobs in the U.K. as it stops providing financial advice following a change in regulation. Axa will stop advising customers in branches of Co- Operative Bank Plc and National Australia Bank Ltd.’s Clydesdale and Yorkshire banks, it said in a statement on its website yesterday. … Continue reading
UK / Minimum wage does not keep up with the cost of living
The National Minimum Wage Act 1998 was one of the flagship policies of Tony Blair’s newly elected Labour government. From April 1999, every worker over the age of 22 was legally entitled to at least £3.60 an hour. In 2010, it began to apply to employees aged 21 and over. For the first nine years … Continue reading
Unemployment benefits should encourage geographic mobility
Americans have always been willing to move to look for better economic opportunities, and this willingness to relocate is a big factor in U.S. prosperity. Yet while everyone is free to move to look for a better life, not everyone takes advantage of the opportunity to the same degree. Some overdue changes in unemployment insurance … Continue reading
Vietnam / Reversing the Brain Drain
Two factors draw in great talent into countries: really great projects that react to specific problems, and an environment that can allow smart individuals to tackle those problems. With 90 million people and still developing, Vietnam’s got the first factor in the bag, but unfortunately, the environment has been lacking. Many overseas Vietnamese and educated … Continue reading
Canada / Job vacancy rate down at 1,4%
In January, there were 200,000 job vacancies among Canadian businesses, a decrease of 22,000 from January 2012. There were 6.5 unemployed people for every job vacancy, compared with 6.1 one year earlier. The national job vacancy rate was 1.4% in January, down from 1.6% 12 months earlier. Chosen excerpts by Job Market Monitor via The Daily — Job vacancies, three-month average ending in January 2013.
The employment situation continues to deteriorate says OECD
Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment. The Assessment, presented in Paris by Chief Economist Pier Carlo Padoan, says that the G7 economies are expected to grow at an annualised 2.4 per cent rate … Continue reading
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