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Australia and China Job Markets Sharing Destiny
The last time Australia was mired in recession, Boris Yeltsin had yet to stand on a tank in Moscow, and the Clinton era hadn’t begun. In 1991, Australian trade with China was a modest A$3.6 billion (about the same in U.S. dollars). In the preceding decade unemployment had averaged 7.8 percent, as Australia struggled to … Continue reading
Only 18% of college grads had job offers by the end of April before graduation in 2011
Getting from college to a paycheck is a big worry for young adults; in 2011, only 18% of college grads had job offers by the end of April before graduation, according to the National Association of Colleges and Employers. That’s lending new appeal to a century-old college program long disdained by elite schools as “vocational … Continue reading
Are robots stealing your job?
Robots, we’ve argued, are slowly taking over in the workplace. And there are plenty of anecdotal examples, such as these noodle-slicing beings from China. But sales figures also confirm that more robots are being sold than ever before. A new CLSA report entitled ‘Robot-buying boom’ crunches data provided by the International Federation of Robotics and … Continue reading
Discouraged In Hunt For A Job
The U.S. population is growing. In normal times, the labor force — working or not — would be growing too. But these are not normal times, and the labor force is actually smaller than it was four years ago, meaning millions of people who should be there aren’t. Discouraged U.S. Workers, 2008-2012 The labor market … Continue reading
California – Farm-labor abuse still a reality
One morning earlier this year, in the borderland town of Brawley, California, 75-year-old Ignacio Villalobos perched on a chair in his trailer, removed a plastic bag from the well of a rubber boot, and finished dressing for work. Dawn was still an hour away, and in the wan light of the kitchen, Villalobos took off … Continue reading
Taiwan – Hiring strongest in the world
Demands for workers by Taiwan employers in the fourth quarter are the strongest in the world, according to a survey by the Manpower Group released yesterday. The survey found 38 percent of Taiwan employers plan to hire in the October-December period. After seasonal adjustment, the figure translated into a fourth-quarter employment outlook index of 32 … Continue reading
India – To go slow on hiring
The hiring pace across Indian companies is likely to slow down noticeably in the coming quarter according to a report released by a global recruitment firm on Tuesday. The fourth-quarter trends reveal that the uncertainty in the global markets-particularly in Europe-as well as signals of slowdown in India, mainland China and Brazil, are contributing to … Continue reading
US – Latino Immigrants as Job Creators
CFR’s Renewing America initiative just released a new report by Alexandra Starr, a fellow at the New America Foundation, titled “Latino Immigrant Entrepreneurs: How to Capitalize on Their Economic Potential.” Through statistics and personal stories, the report explores Latino immigrant entrepreneurs’ growing contributions to the U.S. economy. Contrary to many who assume Latino immigrants just … Continue reading
Canada – Why the labour market is already back to normal
The Labour Force Survey release for August was typical of LFS releases since the recession ended three years ago: modestly good news, but not enough to put a serious dent in the unemployment rate. When will things get back to normal? The answer is “things are already back to normal.” Canadian unemployment rates simply don’t … Continue reading
Transat increases temporary layoffs
Transat increases temporary layoffs amid capacity cuts to improve profits. By Ross Marowits, The Canadian Press | September 13, 2012. Email. MONTREAL – Transat AT is set to temporarily lay off more than twice the number of pilots and flight attendants … http://www.canadianbusiness.com/article/98430–transat-increases-temporary-layoffs-amid-capacity-cuts-to-improve-profits
US – Children of immigrants come out ahead
Children of immigrants are outperforming children whose family trees have deeper roots in the United States, learning more in school and then making smoother transitions into adulthood, according to sociologists at The Johns Hopkins University. Researchers Lingxin Hao and Han S. Woo tracked nearly 11,000 children from as young as age 13 into their early … Continue reading
EU – The Employment Crisis – a New Brussels’ Priority
“The persistently worsening employment situation represents the biggest worry of European citizens and governments today, as well as a threat to Europe’s medium-to-long term stability, competitiveness and prosperity. Between 2008 and mid-2012, the EU27 … http://www.euinside.eu/en/news/eu-globalisation-fund-success
Older Workers Don’t Crowd Out Younger Workers For Jobs
How often have you heard people say that older workers putting off retirement and staying on the job longer means fewer opportunities for younger workers? Well, a new report finds just the opposite is true. Researchers for the Pew Charitable Trusts looked at the government’s Current Population Survey for data on workers ages 20 to … Continue reading
Skills Gap – Employers and Colleges Point Fingers at Each Other
For much of the first decade of the new millennium, Samuel J. Palmisano and A.G. Lafley led two of the biggest names in American business: IBM and Procter & Gamble. By the time they were named chief executive officers, the two iconic companies were in need of the makeovers the two leaders eventually helped engineer. … Continue reading
Fed will do whatever it takes to get hiring going
Fed up with the anemic pace of hiring, the Federal Reserve promised Thursday that it would do whatever it takes to reduce unemployment. The Fed stepped up its efforts to boost economic growth, opting for a … http://www.marketwatch.com/story/fed-will-do-whatever-it-takes-to-get-hiring-going-2012-09-13
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