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UK – Going to bad universities to study subjects no employers want – Martin Stephen
Dr Martin Stephen was High Master of St Paul’s from 2004 to 2011. He was previously High Master of Manchester Grammar School and headmaster of The Perse School. Surprised to hear that more than 20,000 graduates from the year of 2011 were still unemployed six months after they graduated? We shouldn’t be. This is a full-scale … Continue reading
Spain – The Unemployment Rate at record level and over 70% for Youth under 20
Second quarter of 2012 – Main results Employment fell by 15,900 people (-0.09%) The number of unemployed grows by 53,500 people and reached the figure of 5,693,100 The unemployment rate increased to 24.63% The participation rate rises to 60.08%. The Unemployment rate for youth under 20 is over 70% (Freely Translated and adapted by Job Market monitor) … Continue reading
Unemployment Insurance Claims – Down to 353,000, bottom-near since April 2008 – But is it only volatility ?
Unemployment Insurance Weekly Claims Report In the week ending July 21, the advance figure for seasonally adjusted initial claims was 353,000, a decrease of 35,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 367,250, a decrease of 8,750 from the previous week’s revised average of 376,000. The advance seasonally adjusted … Continue reading
GM – Investment in Oshawa facility would bring in 400 new workers
GM Canada is investing $850 million in research and development at its complex east of Toronto, an announcement hailed by the prime minister as proof of the automaker’s commitment to Canada, as it makes good on its bailout commitments, but regarded cautiously by auto workers. The investment Tuesday came on the same day a rival … Continue reading
Online ‘mood’ predicts unemployment spikes
SAS, UN discover that social media chatter can provide advanced warning of unemployment increases – and that’s just the tip of the iceberg “At a time when our need for policy agility has never been greater, our traditional 20th century tools for tracking international development cannot keep up. Too often, by the time we have … Continue reading
US – Federal Government – Fear hinders hiring people with disabilities
Fear is one of the biggest barriers to the federal government hiring more people with disabilities. That fear comes from managers not knowing how a person with disabilities can do their job — even if they are qualified, said Kathy Martinez, assistant secretary of Labor for the Office of Disability Employment Policy. “What happens when … Continue reading
Is Youth Unemployment Overstated ?
The economics profession is surprisingly bumbling when it comes to estimating unemployment levels, which adds greatly to the macroeconomic confusion since unemployment drives so much policy discussion and public debate today. For example, hardly a day goes by without a new headline screaming about the scandal of joblessness among young people, which has been … Continue reading
Gulf hit by high youth unemployment: Saudi Arabia unemployment among the 15-19 age group is 27.3%
Gulf oil producers have one of the lowest joblessness rates in the world but unemployment among nationals, mainly the youth, remain a problem because of their heavy reliance on expatriates, according to Saudi bank study. Unemployment among native citizens in the six-nation Gulf Cooperation Council (GCC), the richest in the Arab world, has remained far … Continue reading
US – Skills Gap a Myth?
A specter haunts the job market. You’ve witnessed it on the campaign trail. You’ve seen it on TV. It is the idea that the skills of U.S. workers don’t match the needs of the nation’s employers. This “skills mismatch” is routinely held up to explain why the unemployment rate is still at 8.2% three years … Continue reading
Southwestern Ontario – Toyota – 400 new jobs
Toyota continues to add jobs and production to its Canadian plants, making it the country’s fastest growing automotive manufacturer. Toyota announced Tuesday it will start making Canada’s first hybrid electric vehicle in 2014 and add 400 jobs. The move vaults the company to the upper echelon of automotive employers in Canada, and unlike the Detroit … Continue reading
UK – Intercity/Agility Trains – More than 900 jobs wouldl be created and thousands more secured
More than 900 jobs will be created and thousands more secured after Transport Secretary Justine Greening approved a £4.5bn contract to supply Britain with the next generation of intercity trains. In a major boost to the UK’s manufacturing industry, 596 railway carriages will be built at a brand new train factory in the north east … Continue reading
Chrysler would create 250 jobs at Detroit plant
Chrysler told employees Monday at its Mack Avenue complex that it is planning to invest $198 million at the site on Detroit’s east side to build its Pentastar V6 engine. The investment would create 250 jobs. Last week, Chrysler said it would end production at the Mack Avenue II engine plant in September. About 200 … Continue reading
North Carolina – NetApp To Hire 460 Workers
Governor Bev Perdue announced this week that thanks in part to state and local incentives that high tech firm NetApp will hire around 460 workers in the area over the next several years. According to a statement from the governor’s office, the company plans to create 460 new jobs over four years and invest more … Continue reading
Qantas – 164 jobs cut with engine plant closing
Qantas and its airline partner Lufthansa have confirmed that the decision to close their engine plant at Tullamarine will mean the loss of 164 airline maintenance jobs. The union which covers many of the employees, the Australian Workers Union, says it hopes it can save the plant along with the jobs. The Qantas engines which … Continue reading
India – More hands on offer but not skills
In 2006, a World Bank report on skill development and vocational training in India spelt it out for all – “The relative supply of workers with technical/vocational skills has declined. This may be due to the fact that workers with technical/vocational qualifications do not have the skills that meet the labour market needs – often … Continue reading
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