Job Market Monitor
Asia
US, China and the American Job Creation
What has been happening in China – and is likely to be followed by the emergence of other Asian markets – is the increasing development of a substantial middle class consumer base. Today, China has some 250 million middle class consumers, with that figure expected to rise to 600 million by 2020. Once other Asian … Continue reading
Asia – Youth unemployment is a time bomb
Rising youth unemployment could endanger Asia’s social stability. Asia must come to grips soon with the growing number of unemployed young people or it risks increasing social problems or even violence, as witnessed in cities in Europe and throughout the Arab world, say labour specialists. “Seventy-five million youth, under the age of 24, across the … Continue reading
Philippines – Unemployment falls to 26.6% in Social Weather Stations’ survey
Unemployment in the country dropped from an estimate of 13.8 million individuals in the first quarter to 10.9 million individuals in the second quarter, according to a recent survey by the Social Weather Stations (SWS). The survey, conducted from May 24 to 27 and first published in Business World, showed that the number of jobless … Continue reading
25% international students in OECD region are from China or India
Individuals from China and India make up one-fourth of total international students in the OECD region, a grouping of mostly developed nations. These students are also an important source of future labour migration, Paris-based think tank OECD said today. “The share of migrants from Asia among immigrants to OECD countries rose from 27 per cent … Continue reading
Asia: Investment banks launch round of job cuts
Investment banks and brokerages across Asia have launched a sweeping round of job cuts as Europe’s debt crisis and China’s economic slowdown bite into the region’s financial activity. Speaking to bankers and other industry sources, Reuters was able to confirm at least 50 people were let go in the past three weeks, a cull that … Continue reading
The geographical shift of the middle class will entail relocalization – World Economic Forum
The geographical shift of the middle class has implications for supply chains says The Future of Manufacturing, A World Economic Forum Report in collaboration with Deloitte Touche Tohmatsu Limited The rise of demand centres in Asia, along with the typical costs that accompany more developed nations, will likely increase localization of production. Increasingly expensive logistics are leading some companies, such as … Continue reading
Labour Day | Indonesia stages Asia’s biggest rally
Thousands of Indonesian workers held Asia’s biggest May Day rally on Tuesday, demanding better pay and protection of job security, watched warily by a heavy police and army presence. Colourful protests organised by trades unions and left-wing parties across Asia shared the theme of better pay and conditions, and denunciations of government policy, as living … Continue reading
Sony to hire 500 people in India
In contrast to its loss making Japanese parent, Sony India today said it is registering “healthy profit” and even plans to increase its headcount by 500 people in the current financial year. “The situation in India is different from the other global markets, where Sony is witnessing pressure. We are having strong growth and healthy … Continue reading
1,000 jobs for Irish in Middle East, says an international consultancy
A MAJOR international consultancy has up to 1,000 jobs available for highly qualified Irish construction staff as it ramps up its operations in the Middle East, which is enjoying a boom in infrastructure spending. Hyder Consulting, which already employs nearly 4,000 people in the UK, Germany, the Middle East and Asia, is attempting to hire … Continue reading
World | Global Unemployment at 8% in 2011
Global unemployment remained stable at 8% between 2010 and 2011, according to Gallup surveys in 148 countries. Unemployment was highest in the Middle East and North Africa (22%) and sub-Saharan Africa (17%) last year and lowest in Asia (5%). Countries and territories such as South Africa, Botswana, Swaziland, Iran, Iraq, and the Palestinian Territories — … Continue reading
China | $2.4 bn deal will create more than 10,000 jobs in India
Power Construction Corporation of China said on Friday it had signed a $2.4 billion contract to build the second phase of a massive coal-fired power complex in southern India that will help meet soaring local demand for electricity. The second phase of the project for India’s Infrastructure Leasing & Financial Services Limited (IL&FS) will include … Continue reading
Sri Lanka | Providing vocational and technical training for 35 percent of youths by 2016
The government is planning to provide vocational and technical training for 35 percent of youths by 2016 under the Mahinda Chinthanaya. Plans are also underway to increase state university intake up to 10 percent. The government also provided vocational and technical training to over 100,000 youths in state institutions in 2011, Sri Lanka Freedom Party … Continue reading
China | Quality is Job No 1
China Daily: The most important task facing China’s economy in 2012 is to improve the quality of economic growth, including energy conservation, emissions reduction, and industry restructuring, said renowned economist Li Yining, a member of the Chinese People’s Political Consultative Conference, at a panel discussion of economic experts on Tuesday. The 2011 Central Economic Work Conference, … Continue reading
Krugman | Economics is in Crisis
Paul Krugman: To say the obvious: we’re now in the fourth year of a truly nightmarish economic crisis. I like to think that I was more prepared than most for the possibility that such a thing might happen; developments in Asia in the late 1990s badly shook my faith in the widely accepted proposition that … Continue reading
Why China Will Have an Economic Crisis
The view in most of the world is that China is indestructible. Shrugging off the crises multiplying elsewhere, China seems to surge from strength to strength, its spectacular growth marching on no matter what headwinds may come. It appears inevitable that China will overtake a U.S. mired in debt and division to become the world’s … Continue reading
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