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India / IT Skills Gap / Only 5% techies are job-ready for cloud computing
While cloud computing is widely recognised as the next big opportunity to watch out for, it has already made significant inroads in the industry. However, the IT workforce may not keep pace with the developments. The industry ready workforce for new domains like cloud and mobility may be as less as 5.7% of the current … Continue reading
American Chinese immigrants / Affluent and educated elites choosing for a better education for their children
Americans may complain about the quality of their schools, but for the most recent wave of Chinese immigrants, it’s the No. 1 draw. According to the 2012 Annual Report of Chinese International Migration published this Monday, China is undergoing a mass migration of its citizens overseas, with the United States being far and away the … Continue reading
Canada / The New Suitable Job Regulation: 8 000 will have benefits temporarily discontinued
It is expected that EI regular claimants will increase their job search effort, which will result in them finding suitable employment and returning to work more quickly in regions where there are suitable employment opportunities. In turn, their time on claim will be shortened. Enhanced compliance measures to ensure claimants are fulfilling their responsibility to … Continue reading
Government can create only government jobs
During the election campaign the need for jobs got attention, but neither candidate took the trouble to explain how, exactly, jobs are created. Contrary to what politicians claim, jobs start not with government but investors. In the wake of election rhetoric, the realities of investment need restating. Investors are people in a position to invest … Continue reading
Older Workers / Strong decision-making skills study finds
While employers often tend to shy away from hiring older workers, they might want to reconsider if they’re looking for someone with strong decision-making skills, a new study finds. Research by the MetLife Mature Market Institute and the Center for BrainHealth at The University of Texas at Dallas revealed that older decision makers were more … Continue reading
Ireland / unemployment rate would be 20% without emigration says IMF
The IMF (International Monetary Fund) in its latest quarterly review of Ireland’s economy and prospects, says that “had all employees who lost their jobs since the outset of the crisis remained in the labour force,” instead of choosing emigration, the unemployment rate would stand at around 20%. The Fund seems to have little confidence in … Continue reading
Sandy / Nearly 30,000 Jobs Lost says NYLD
Hurricane Sandy wiped out nearly 30,000 jobs in and around New York City last month, the New York State Labor Department said on Thursday. The impact of the storm on small businesses and larger companies whose offices could not reopen for weeks afterward left New York City and the state with fewer jobs in November … Continue reading
US / Sticking to the job longer
Americans who are lucky enough to have jobs are hanging on to them longer. A new analysis of Census Bureau data shows that median job tenure in 2012 was the highest since at least the early 1980s. The Employment Benefit Research Institute said on Dec. 19 that the median time on the job for American … Continue reading
US / Unemployment Benefits / An increase of 17,000 Claims after a Decline to a Nine-Week Low
SEASONALLY ADJUSTED DATA In the week ending December 15, the advance figure for seasonally adjusted initial claims was 361,000, an increase of 17,000 from the previous week’s revised figure of 344,000. The 4-week moving average was 367,750, a decrease of 13,750 from the previous week’s unrevised average of 381,500. The advance seasonally adjusted insured unemployment … Continue reading
Hong Kong / More Financial jobs than New York or London by 2016
CEBR, the London-based economics consultancy, recently forecast Hong Kong will have more financial services jobs than New York or London by 2016, with some 262,000 positions. The Institute of Chartered Accountants in England and Wales (ICAEW) also gives its endorsement, saying Hong Kong will be the world’s premier financial job center by 2017, with 275,000 … Continue reading
Ohio / Shale gas development would support 39,000 jobs
The gas and oil industry’s development of Ohio’s Utica shale supported nearly 39,000 jobs in the state in 2012 and generated $1.5 billion in taxes, a new economic study commissioned by the industry estimates. Released Wednesday as part of a multi-state analysis by IHS, Inc., a global market information and analytical company, the study noted … Continue reading
South Australia / Government to axe 1750 public sector jobs over the next four years
SOUTH Australia has plunged deeper into the red with falling revenues forcing the state government to cut spending and slash jobs in the mid-year budget review. The government will cut spending by $464 million and axe 1750 public sector jobs over the next four years as it copes with revenue write-downs of more than $3 … Continue reading
Quebec / Minimum wage set to rise $0.25 per hour (2.53 per cent ) on May 1
The minimum wage in Quebec will increase by $0.25 per hour effective May 1, bringing it to $10.15. This measure, announced Wednesday, will benefit more than 365,000 workers in Quebec, including more than nine out of 10 working in the service sector, particularly in the hospitality, catering and retail. The minimum wage for employees who … Continue reading
Mexico / Minimum wage to raise by 3.9% in 2013
Mexico’s minimum wage commission agreed Tuesday to grant a 3.9% increase in the minimum wage beginning in 2013, below the 4.2% hike granted a year before and less than the current rate of inflation. The commission, which includes representatives of government, business and labor unions, said the increase of 3.9% brings to just under 65 … Continue reading
GM / Camaro production shifted from Oshawa to Michigan – 2 000 jobs at stake
General Motors is moving production of the Chevrolet Camaro from its Oshawa, Ont., plant to a Michigan facility, the company said in a statement denounced by the Canadian Auto Workers’ union as a “betrayal.” GM said Wednesday that “lower capital investment and improved production efficiencies were key factors” in the move. But CAW president Ken … Continue reading
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