Job Market Monitor
Politics & Policies
Sri Lanka / Obstacles to creating jobs should be removed says the World Bank
Sri Lanka can help citizens better themselves by removing obstacles to creating new and better jobs, including for women, the World Bank said. The development agency based on the theme of its World Development Report 2013, says creating opportunities for jobs are critical for reducing poverty. “One of the biggest challenges facing Sri Lanka is … Continue reading
US / Possible Fed Successor, Janet Yellen, Has Admirers and Foes
Ms. Yellen is now widely viewed as a logical candidate to succeed the current Fed chairman, Ben S. Bernanke, when his term ends in January 2014. She has worked closely with him in shaping and building support for the Fed’s campaign to stimulate the economy and bring down unemployment. But some of Ms. Yellen’s critics … Continue reading
Europe / Paying for growing numbers of old people
Long after the debt crisis is over, Europe will be grappling with an even more serious problem – how to pay for growing numbers of old people. The population of some countries is stagnant or already shrinking, notably Germany’s. That will reduce savings and potential economic growth. The workers who remain are getting older and … Continue reading
US / The Job Gap and the Skills Gap
We’d be serving the present and the future. Here’s one example how: Today states are slashing budgets for community colleges, just when every good job requires more skill. That is truly cutting off our thumbs to lose weight. Last week, I interviewed Gary Green, the president of Forsyth Technical Community College, in Winston-Salem, N.C., with … Continue reading
US / We are creating a permanent class of jobless Americans writes Krugman
There is, unfortunately, growing evidence that the tainting of the long-term unemployed is happening as we speak. One piece of evidence comes from the relationship between job openings and unemployment. Normally these two numbers move inversely: the more job openings, the fewer Americans out of work. And this traditional relationship remains true if we look … Continue reading
Canada’s skilled-worker program / The list of jobs eligible unveiled
Foreign engineers, computer programmers and physiotherapists are among those who will qualify for a revamped federal skilled-worker program when it re-opens next month. Citizenship and Immigration Canada has released its eligible occupations list and named four organizations that will assess the credentials of applicants who studied outside of Canada. These assessments are now mandatory and … Continue reading
BLS ‘understates the unemployment rate’ says Obama’s Labor nominee
Thomas Perez, President Obama’s nominee to lead the Labor Department, told Congress today that the Bureau of Labor Statistics is “understat[ing]” the national unemployment rate. “The labor force participation is at one of the lowest levels,” Perez told Sen. Bernie Sanders, I-Vt., during his confirmation hearing today, adding that “7.6 percent doesn’t take into account … Continue reading
UK / 450 public sector jobs ‘lost daily’
Almost 450 jobs have been lost from councils and police forces across the UK every day since the coalition came to power, according to a new report. Unison said its study, published ahead of the latest unemployment figures, showed that the Government should do more to ease the jobs “crisis.” General secretary Dave Prentis said: … Continue reading
Ghana / Job opportunities for 600 youth
The training programme is in collaboration between the Council for Technical and Vocational Education and Training (COTVET) and KNUST Jewellery Design and Technology Centre (KJDTC). The training programme, which is scheduled to last for two years, has attracted a sponsorship package of US$1million from the World Bank, DANIDA, JICA, GTZ, and the African Development Bank. … Continue reading
Canada / RBC and job outsourcing, what can be done?
We have a skilled work force whose children are training to be equally skilled. Yet as fast as we graduate people capable of doing valuable and productive jobs, those jobs disappear. Some are simply degraded. These are the full-time jobs transformed into fragile and part-time contract employment. Some, including many that are highly skilled, are … Continue reading
Namibia / Govt working on a new National Employment Policy
The Ministry of Labour and Social Welfare is working with a multi-sectoral taskforce to develop a new National Employment Policy. The new policy will place special emphasis on ‘green jobs’ and how to link these with other elements for employment creation. “A Green Economy is an area where economic growth and employment creation is possible … Continue reading
US / House Republicans Vote Down on Minimum Wage
House Republicans on Friday unanimously voted down a bill that would have raised the minimum wage. Six Democrats joined them in defeating the effort. The vote came after a surprise move by Democrats, who tacked onto a jobs training program bill an amendment that would have brought the national $7.25 minimum wage to $10.10 by … Continue reading
US / Two thirds of minimum wage earners are women says Nancy Pelosi
The statement “More than 64 percent of minimum-wage earners are women.” Nancy Pelosi, U.S. House minority leader, in a news conference The ruling On news of the stock market hitting an all-time high, U.S. House Minority Leader Nancy Pelosi said it’s time to raise the minimum wage. In a news conference on March 7, Pelosi, … Continue reading
Trans-Pacific Partnership good for US job creation Obama says
President Obama said Tuesday that forging new trade deals should serve as a catalyst to job creation and broader economic growth in the United States. At a meeting of the President’s Export Council, Obama said that many of the jobs generated during the nation’s economic recovery have been driven by growing exports amid a goal … Continue reading
UK / Managers and skilled workers: the bulk of far right support
The study found the image of young unemployed people alienated by tough economic times and turning to the anti-Muslim and anti-immigration group was a myth. In fact half of sympathizers are in full time work, almost one in five is university educated and more than two thirds own their own home. The report, by the … Continue reading
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