Job Market Monitor
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Pakistan / Promotion of technical education stressed to secure the future of youth
Participants at a dialogue stressed the need for promotion of Technical and Vocational Education Training (TVET) to secure the future of youth and enable Pakistan to take advantage of its growing youth population. This was the crux of a day-long session entitled ‘Dialogue on Skill Development’ political priority for developing the future generation, jointly organized … Continue reading
Ontario / Ford offers jobs to laid off workers
Laid off Ford workers in Windsor and St. Thomas have until Dec. 14 to decide whether to apply for close to 400 jobs that will be opening up early next year at the automaker’s operation in Oakville, Chris Taylor, president of CAW Local 200, said Thursday. As part of the a preferential hiring program, Ford … Continue reading
NY / Hundreds of workers at dozens of fast-food chain stores are walking out on strike
The term “McJob” has come to epitomize all that’s wrong with the low-wage service industry jobs that are growing part of the U.S economy. “It beats flipping burgers,” the cliché goes, because no matter what your job might be, it’s assumed to be better than working in a fast-food restaurant. Today in New York City, … Continue reading
Unemployment Rates / US: Education still matters
Unemployment does not strike indiscriminately. Education, and with it, skills and competencies make a huge difference. Last october, the unemployment rate for 25 years and older (seasonally adjusted) in the United States was more than three times lower among peoples with Bachelor’s degree and higher (3.8%) than among those who have not completed high school … Continue reading
UK / Job preservation better than in past recessions
The UK labour market has done far better than in past recessions in terms of preserving jobs. Does that mean it has been a triumph for the so-called “Anglo-social” model, partway between the liberal US system and more regulated continental European markets? Not quite. Taking the good and bad sides of Britain’s experience, it has … Continue reading
UK / Direct Line cuts 236 more jobs
Insurance group Direct Line is to cut a further 236 jobs as part of efforts to save £100million in costs. It said the roles would be cut across divisions including its commercial underwriting operation and risk and compliance function. The latest jobs cull comes on top of redundancies already announced by the group this year, … Continue reading
Pakistan / Women participation in labour force just 28%
Women participation rate in labour force in Pakistan is only 28 per cent, which is particularly low in the urban areas. Household duties and lack of education are considered by more than 80 per cent Pakistani women as the major reasons for their non-participation in the labour force, said World Development Report 2013, issued by … Continue reading
India / Stagnant jobs market
Indian jobhunters such as Mohit Goswami and Sujay Kumar Patwari have discovered an alarming peculiarity about India’s briskly expanding economy: it is creating barely any formal employment, and certainly not the 10m or so jobs needed annually to absorb new entrants to the labour force as the population grows. Mr Goswami, 24, an economics graduate, … Continue reading
Saskatchewan / Minimum wage in increases to $10.00 Saturday
The minimum wage in Saskatchewan is going up on Saturday. Last month, the province announced the minimum wage would increase from $9.50 to $10.00 per hour on Dec. 1. The increase will affect approximately 22,000 minimum wage earners, roughly five per cent of the paid workforce in the province. The minimum call-out pay will also … Continue reading
France / Hollande gives Mittal deadline to save jobs … or nationalisation
PRESIDENT Francois Hollande has given ArcelorMittal CEO Lakshmi Mittal until December 1 to draw up a plan to save jobs at a French plant of the world’s largest steel maker, including its nationalisation. Mr Hollande, who met Mr Mittal for an hour at the Elysee presidential palace in Paris on Tuesday, said he asked Mr … Continue reading
Wessanen / To cut 300 jobs in Europe
Dutch food group Wessanen said on Thursday it would cut 300 jobs and reduce costs by 15 million euros ($19 million)from 2014 onwards as it restructures its European and frozen foods businesses. Source: via Dutch food group Wessanen cuts 300 jobs in Europe | Reuters.
US / Old (white) boys club still alive and well
The proverbial old boys clubs in elite professions may no longer have rules keeping women and minorities out, but an analysis of their hiring practices suggests their upper-class, male and white makeup will stubbornly remain. According to a new U.S.-based study, bankers, lawyers and management consultants would rather hire someone who is like them than … Continue reading
Malaysia / Women employed or looking for employment under-represented
The number of working age women who are employed or looking for employment is lower in Malaysia compared with other countries with similar income levels, according to a new World Bank report. The report titled “The Malaysia Economic Monitor” noted that Malaysian women are under-represented in certain fields of study such as engineering. “Malaysia has … Continue reading
UK / Net migration falls by a quarter to 183,000
In the biggest drop in four years, net migration, the difference between the numbers arriving and leaving, fell to 183,000 in the year to March, down from 242,000 the previous year, the Office for National Statistics (ONS) said. The number of foreign students coming to the UK was down 8%, the number of foreign workers … Continue reading
Unemployment Insurance / Claims fell below 400,000
SEASONALLY ADJUSTED DATA In the week ending November 24, the advance figure for seasonally adjusted initial claims was 393,000, a decrease of 23,000 from the previous week’s revised figure of 416,000. The 4-week moving average was 405,250, an increase of 7,500 from the previous week’s revised average of 397,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
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