Job Market Monitor
Politics & Policies
China / Liuzhou city to help graduates find jobs
Liuzhou city in South China’s Guangxi Zhuang autonomous region pledged to work to help college graduates find jobs in the so-called toughest job market this year. It is estimated that the number of new college graduates who are expected to leave campus this summer will reach 6.99 million, the highest record in China. As many … Continue reading
France / The right Job Plan ?
The man charged with reviving France’s shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite. As the country’s first-ever minister for industrial renewal, Arnaud Montebourg has told the world’s largest steelmaker it is not welcome in France; exchanged angry letters with the head of an American tire company … Continue reading
Spain and Germany sign an agreement to provide vocational training
Germany signed up on Tuesday to provide vocational training and jobs for young Spaniards starved of opportunities in their crisis-hit home country, ministers said. “Each year nearly 5,000 young Spaniards will be able to benefit from vocational opportunities or even from stable and skilled jobs in Germany,” Spain’s Employment Minister Fatima Banez said after signing … Continue reading
Australia / Unions call for minimum wage rise
Unions have called for a $30 weekly pay rise for minimum wage workers, but a business group is calling the proposal reckless. The Fair Work Commission (FWC) is hearing final submissions for its annual minimum wage deliberations in Melbourne on Tuesday. ACTU President Ged Kearney has called for a $30-a-week minimum wage hike. The proposal … Continue reading
UK / The truth about welfare
Our welfare system today is politically toxic and the public debate about it has become untethered from evidence or a semblance of rational discussion. Beneath the hyperbole, the government’s welfare reform agenda offers no solution to this deep crisis of legitimacy. For three decades, successive governments have pursued broadly similar strategies that have had mixed … Continue reading
UK / Work Programme failing, say MPs
A scheme to help the unemployed find work appears to be failing the most disadvantaged jobseekers, according to MPs on the Work and Pensions Committee. Their report said support for the mainstream jobless in the government’s Work Programme, launched in June 2011, was getting better after a poor start. But it said there was growing … Continue reading
Europe / Fighting Youth Unemployment, a Priority ?
Four years ago — that was before the euro crisis began. Since then, the Greek government has approved a series of austerity programs, which have been especially hard on young people. The unemployment rate among Greeks under 25 has been above 50 percent for months. The situation is similarly dramatic in Spain, Portugal and Italy. … Continue reading
The 70s / Did we need a terrible recession? asks Krugman
What we did have was a wage-price spiral: workers demanding large wage increases (those were the days when workers actually could make demands) because they expected lots of inflation, firms raising prices because of rising costs, all exacerbated by big oil shocks. It was mainly a case of self-fulfilling expectations, and the problem was to … Continue reading
Canada / People don’t want to move out of province Bank Canada research finds
In theory, this need not be a crippling blow for the national economy. In the above scenario, rational Ontarians should follow the money and migrate to Alberta to take advantage of the boom times. But as a team of Bank Canada economists remind in an excellent new study (pdf), Canada doesn’t really work this way. … Continue reading
UK / How to put young people back to work
We need to put young people back to work. The coalition’s wage incentive scheme aimed to do this, but the early evidence suggests that it is actually doing very little to create new jobs, with only 9 per cent of employers creating vacancies as a direct result of the scheme. Instead, we should adopt a … Continue reading
Canada / Budget’s job training program hits provincial reluctance
When the premiers of the four Atlantic provinces met on April 29, their joint communiqué noted “significant concerns with the recent unilateral decisions of the federal government regarding skills, training and employment supports.” The four provinces expressed concerns about the Canada Job Grant, “particularly the ability of small-and medium-sized businesses to participate in the program.” … Continue reading
US / The majority of lowest-paid workers are employed by large corporations
The majority of America’s lowest-paid workers are employed by large corporations, not small businesses, and that most of the largest low-wage employers have recovered from the recession and are in a strong financial position. Specifically: * The majority (66 percent) of low-wage workers are not employed by small businesses, but rather by large corporations with … Continue reading
It’s unemployment that will haunt our children, not the deficit
And it’s not just the jobless who have suffered over the past five years: the ILO suggests that a far larger number of young people have found themselves stuck in temporary work or part-time, insecure employment. That lack of financial security makes it harder to think about settling down, starting a family, planning for the … Continue reading
UK / Recession is a good time to start a business says Lord Young
The prime minister’s adviser on enterprise has told the cabinet that the economic downturn is an excellent time for new businesses to boost profits and grow because labour is cheap, the Observer can reveal. Lord Young, a cabinet minister under the late Baroness Thatcher, who is the only aide with his own office in Downing … Continue reading
Americans Give Priority to Jobs and the Economy over Guns and Immigration Reform Gallup finds
Americans put reforming immigration and reducing gun violence — the focus of much of the attention on Capitol Hill in recent weeks — at the bottom of a list of 12 priorities for Congress and the president to address. Americans instead say leaders in Washington should give highest priority to jobs and the economy, followed … Continue reading
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