Job Market Monitor
In the News
India | TCS to hire 50,000
Buoyed by good momentum, IT major Tata Consultancy Services (TCS) on Monday said it will hire 50,000 people in FY’13. “TCS is well prepared to achieve balanced growth across the industries and markets it operates in FY’13. In view of good momentum, we are targeting to hire 50,000 people this year,” TCS CEO and MD … Continue reading
More than half graduates not working or underemployed
The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge. Young adults with bachelor’s degrees are increasingly scraping by in lower-wage jobs — … Continue reading
Canada | Job growth set to dry up says the Conference Board
“The trends just aren’t that strong,” Mr. Antunes said in an interview. “We’re still looking at soft job creation.” After a loss of 2,800 jobs in February and losses in two of the final three months of 2011, an increase of the magnitude witnessed in March is unsustainable, the board said. The board’s projection for … Continue reading
Canada | UI Recipients to fill labour shortages, even in seasonal jobs
Ottawa is preparing to tackle one of the country’s most sensitive labour questions: Why won’t healthy, unemployed Canadians get their hands dirty? The Conservative government is preparing legislative and policy changes that, for the first time, will link the federal Employment Insurance program to the Temporary Foreign Worker program. A spokesperson for Human Resources Minister … Continue reading
U.S. | College grads job prospects improving
Listen up, Class of 2012! Your shot at nailing a job is better than you think. With the economy brightening, so are the prospects for entry-level job seekers with college degrees, according to a new survey from global outplacement firm Challenger, Gray & Christmas. The country’s 1.7 million grads will benefit as companies look to … Continue reading
Extended UI Benefits Ending In Washington and Oregon
Thousands of long-term unemployed workers in the northwest will soon lose unemployment checks. It’ll happen this weekend in Oregon; two weeks later in Washington State but likely not for several more months in Idaho. The federal government won’t pay for extended benefits anymore because the jobless rates have improved. Washington and Oregon’s employment departments announced that … Continue reading
UK Labour Market | Surprisingly Positive Results
The employment rate for those aged from 16 to 64 was 70.4 per cent, up 0.1 on the quarter. There were 29.17 million people in employment aged 16 and over, up 53,000 on the quarter. The unemployment rate was 8.3 per cent of the economically active population, down 0.1 on the quarter. There were 2.65 … Continue reading
China | Skill Gap | A structural problem
Because of the slowdowns in both the global and Chinese economies, the shortage of laborers has eased slightly, especially for export-oriented companies. “Although it is still not easy to recruit suitable workers, the situation now is much better than it was at the start of last year,” said Zhang Kuifeng, general manager of a Hangzhou-based … Continue reading
76% feel that the US economy is still in recession
Seventy six percent of respondents said that the economy is “still in recession” while just 21 percent said the recession is over, according to the Post-ABC poll. While 85 percent of Republicans feel the economy is still in recession so do 68 percent of Democrats and 77 percent of independents. Do you think the country’s … Continue reading
Is this grad generation doomed?
Opinions – Wellesley News: The inane act of two indebted students has ignited a lively debate concerning the global student loan crisis and the future of our generation in the employment market. Ross Harper and Ed Moyse, both 22 of the United Kingdom, decided to launch BuyMyFace.com in order to raise money to repay a combined … Continue reading
UK | Manufacturers favour of older workers over school leavers
New research shows employers in manufacturing and engineering are far less likely to offer opportunities to inexperienced young people – whom they would have to train up and supervise more – when there are plenty of “job-ready” older people available to do the work due to Britain’s rising unemployment toll. The admission from industry employers … Continue reading
India | MBA degree and employability
During current times wherein B-school education is undergoing a tremendous change in India, over 3,50,000 AICTE (All India Council for Technical Education ) approved MBA seats have mushroomed in India alone. While some may perceive it as a positive move, the reality is, the quality of education offered at a major chunk of these … Continue reading
College Return on Investment
When people talk about the value of a college degree, they mean different things. A report last year by Georgetown University’s Center on Education and the Workforce pegs the median value of a four-year bachelor’s degree at $2.3 million, which is the average earnings for a degree holder employed full-time from ages 25 to 64. … Continue reading
Prime Aged American Men | From over 80 percent at work to less than 3 in 4
The percentage of Prime Aged American Men Without Disability (PAAM) who are employed is one of the best labor market indicator.
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