Job Market Monitor
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University of California – To raise minimum hourly wage to $15
The University of California will raise its minimum wage to $15 per hour over the next three years for all employees, including part-time and contract workers. Under a plan unveiled Wednesday at the university’s Board of Regents meeting in San Francisco, mandated hourly pay will increase to $13 this October, then by another dollar over … Continue reading
Finland – Unemployment rate at 10%, 22.7 percent for youth
Statistics Finland reports that the unemployment rate in Finland reached ten percent in June 2015, up from 9.2 percent one year earlier. Youth unemployment is over 22 percent already, with no signs of improvement in sight because there are no jobs or internships to be had. Young people have it the worst Perhaps the most … Continue reading
Pension plans in Canada (2013) – Virtually unchanged, but number of members in private sector plans declined 0.2%
Membership in registered pension plans (RPPs) totalled 6,185,000 in 2013, virtually unchanged from 2012. Membership in public sector pension plans rose 0.2% to 3,184,300, while the number of members in private sector plans declined 0.2% to 3,000,900. The public sector accounted for 51.5% of total membership in RPPs. Although the participation of women in RPPs decreased by 0.5% from 2012, male and female membership remained fairly … Continue reading
Canada – 5.7 unemployed people for every job vacancy (April 2015)
Businesses reported 243,000 job vacancies in April, little changed compared with April 2014. For every job vacancy, there were 5.7 unemployed people, down from 6.2 recorded 12 months earlier. The national job vacancy rate was 1.6% in April, similar to the rate posted one year earlier. Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Job vacancies in brief, three-month average ending in April … Continue reading
Job Market in US – There may be some lingering slack FRBSF says
The U.S. economy is looking quite good. Growth is on a solid trajectory, and the FOMC’s maximum employment goal is in sight. Risks from abroad are unlikely to overturn strong U.S. fundamentals. Still, the exact timing of an initial interest rate increase will depend on convincing evidence that inflation is heading back toward target. The … Continue reading
Librarians in US – 25% or less would be hirable
This anonymous interview is with an academic librarian who has been a member of a hiring or search committee. This person hires the following types of LIS professionals: Subject specialists, research librarians, catalogers, digital librarians, archivists. This librarian works at a library with 10-50 staff members in a rural area in the Northeastern US. Approximately … Continue reading
UK – The job market looks like it might be slowing down
After years of defying gravity and outperforming the rest of Europe, Britain’s job market looks like it might be slowing down. That means that renewed worries about an imminent rise in British rates, which have just resurfaced this week following hawkish remarks from Bank of England Governor Mark Carney and outgoing rate-setter David Miles, might … Continue reading
Vocational Education in China – More than 3,000 new programs last year
Vocational colleges in China established more than 3,000 new programs last year to meet the demand of emerging sectors and to cater to people’s needs, said a report released on Wednesday. The programs subjects, such as the Internet of Things, senior care, community administration, new energy and urban transit, are urgently needed to accommodate plans … Continue reading
The MBA Job Market in US – On-campus recruiting is up
74% of respondents experienced increased on-campus recruiting this year compared to the same time last year; 11% experienced a decrease. The strongest increase in recruiting activity was seen in the Consulting industry. MBA CSEA surveys our school members twice per year to gauge the status of MBA recruiting at their schools compared to the previous … Continue reading
Barclays – To cut more than 30,000 jobs. Yes or no ?
Barclays Plc plans to cut more than 30,000 jobs within two years after firing Chief Executive Antony Jenkins this month, The Times reported on Sunday. This redundancy program, which could reduce the bank’s global workforce below 100,000 by 2017 end, is considered as the only way to address the bank’s chronic underperformance and double its … Continue reading
US – More than one-third (35%) of respondents reported their firms experienced shortages of skilled labor in National Association for Business Economics’s (NABE) survey
The July 2015 NABE Business Conditions Survey report presents the responses of 112 NABE members and selected other industry economists to a survey on business conditions in their firms or industries conducted June 17-July 1, 2015, and reflects second-quarter 2015 results and the near-term outlook. • The share of survey respondents reporting increased employment at … Continue reading
UK – Ikea to pay workers at least a living wage in 2016
Ikea has become the first national retailer to announce its commitment to the Living Wage. The home furnishing retailer will adopt the Living Wage from April and predicts more than 50% of its 9,000 employees will be impacted by the wage increase. All UK-based colleagues will receive a minimum of £7.85 per hour and £9.15 … Continue reading
South Africa – Needs more investment, jobs and a public employment service as a one-stop shop OECD says
Labour market reforms can raise employment and incomes. Establishing a public employment service as a one-stop shop for job seekers would make it easier for people to find jobs, and for employers to find the right workers. Costly industrial actions have held back the economy without delivering major gains to workers. To reduce conflict and … Continue reading
Workplace – Rudeness is contagious research finds
Rudeness in the workplace isn’t just unpleasant: It’s also contagious. Encountering rude behavior at work makes people more likely to perceive rudeness in later interactions, a University of Florida study shows. That perception makes them more likely to be impolite in return, spreading rudeness like a virus. “When you experience rudeness, it makes rudeness more … Continue reading
Skilled Migrant Limit Reached in UK – CBI urges Cameron to lift it
David Cameron is risking the economic recovery by refusing to lift the cap on skilled foreign workers coming to the UK, the CBI has said. The monthly limit on visas was hit for the first time since it was introduced, in June and already again this month. Up to 20 firms have complained that they … Continue reading
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