Job Market Monitor
In the News
Revlon to cut 250 jobs
Makeup company Revlon Inc. says it is cutting 250 jobs, or about 5 per cent of its workforce, and is closing two plants in a broad restructuring as it seeks to cut costs. Revlon, whose brands include Almay, Mitchum and its namesake, says it will close its manufacturing plant in France and its leased manufacturing … Continue reading
Job Openings and Educational Attainment in Metropolitan Area
For the first time since World War II, there are fewer jobs three years after the end of a recession than before it began. Our new Brookings report suggests that most of this flat recovery can be attributed to severe losses in housing wealth and jobs in industries such as manufacturing and construction. Yet education–especially … Continue reading
Long-Term Unemployed Older Workers: A National Crisis For
Americans age 55 and older are struggling to rebound from a dramatic spike in unemployment since December 2007. Seniors have experienced consistently longer periods of unemployment than younger workers, as employers seek cheaper labor and look to skirt potentially higher health care costs, according to a study by the Government Accountability Office released earlier this … Continue reading
Greece – Underground Economy Grows. Is there a link with the Euro crisis ?
Greece does not have the means to police its underground economy, which is considered very large compared to the size of the country. Austerity measures that cut the size of government will make enforcement of tax laws even more difficult. That is too bad because there is a lot of money to be had if only Greece could get cash … Continue reading
Employees vs HR – Top 5 Reasons for Leaving
There are some definite areas that both HR and employees say are reasons people leave companies. And the reasons aren’t really shocking. We keep hearing about employee disengagement being at an all-time high. What conversations are companies having about these identified reasons for employees leaving? For some of the reasons, there’s quite a noticeable difference … Continue reading
Singapore – Employers hire foreigners because they are flexible
Employers choose to hire non-Singaporeans because they are flexible in taking up jobs locals avoid, not because they are cheaper to employ, a local survey has found. The JobStreet.com survey of 1,400 Singaporean jobseekers and 200 employers found that 93 per cent indicated that their companies hire non-Singaporeans, making up an average of 30 to … Continue reading
Australia maturing labour force trends
Australia’s mature-age workforce is on the up and up, with the latest Treasury calculations showing that the nation’s employers are increasingly retaining more older workers. New employment and participation rate figures, released by federal Treasurer Wayne Swan at a conference in Sydney yesterday, reveals a steady growth in employment and participation rates among people aged … Continue reading
Fortescue Metals – Hundreds of jobs cut
Iron ore miner Fortescue Metals has shelved $1.57 billion of expansion plans and cut hundreds of workers’ jobs, in a further sign that the peak of the mining boom may have passed. Fortescue, founded by billionaire Andrew Twiggy Forrest, blamed the cuts on uncertainty over the spot iron ore price which has fallen rapidly amid … Continue reading
Australia – Troubled Times For Tourism
The latest national study by the Tourism and Transport Forum says that Australian tourism industry will have tough time trying to compete with Asian rivals. As tourists flock to Australia in record numbers, the industry is facing a critical shortage of skilled workers while investors are hitting a brick wall when getting finance from banks. … Continue reading
Bridging the skills gap and education
It’s the Labor Day weekend, a time when we all take a day off to catch a breath. For many people, this weekend will pass without the prospect of work. Yet many employers are unable to find suitable workers, and jobs are unfilled. What can be done? “Mismatches in supply and demand for educated workers … Continue reading
Canada – Skilled Worker immigration halted
The process of immigration for skilled workers has been on hold Citizenship and Immigration Canada has brought in new changes in the Immigration procedure and criteria too. The selection procedure has also been changed. The applicants have to meet tougher criteria which might be good news for many while it gives a tough time to … Continue reading
Autralia – SkillSelect to invite skilled workers
In July the Department of Immigration and Citizenship (DIAC) announced changes to Australian Skilled Migration. Now, overseas skilled workers who are interested in migrating permanently to Australia are invited to complete an Expression of Interest (EOI) via the DIAC SkillSelect website , which includes providing some information regarding their skills and experience. Since the website … Continue reading
Swiss economy shrinks
The Swiss economy unexpectedly shrank in the second quarter as the euro zone crisis caught up with a country that had seemed relatively immune to its neighbors’ woes, providing further justification for the central bank’s cap on the strong franc. The surprise 0.1 percent contraction mirrors emerging evidence in Sweden, another euro outsider whose currency … Continue reading
India – Vocational Education Qualifications – The need to change the mindset of parents
Launching the pilot project on National Vocational Education Qualifications Framework (NVEQF) in Haryana, union Human Resource Development Minister Kapil Sibal emphasised the need to change the mindset of parents to promote vocational education in the country. “India is a country of youth. There is a need to give them such education, which may get them … Continue reading
Vocational Education – Renewed Respect
Remember the days of the candy-colored tangerine flake streamline baby, when backyard mechanics could customize their cars? Try that nowadays, warns mechanic Chip Bissey, of J and C Auto in the Northeast. “You’re going to wind up shorting out a computer or something like that and one cross of a wrong wire and you’re out … Continue reading
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