Job Market Monitor
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UK | High unemployment to do ‘permanent damage’
The UK unemployment rate will rise from its current 8.3% to almost 9% by the end of this year, doing “permanent damage to the UK’s productive capacity”, a think tank has said. The National Institute of Economic and Social Research (NIESR) said that the persistent weakness in the economy was “unprecedented”. It says growth in … Continue reading
UK | Apprenticeship | School work placements boost success
A meaningful work experience placement while still at school is crucial to a successful apprenticeship, says Ofsted. The education watchdog wants schools to organise better placements and the government to develop stronger careers guidance for over-16s in England. In a report, it says official figures suggest around a quarter of the people who begin apprenticeships … Continue reading
Ireland falls back into recession
“Republic of Ireland falls back into recession. The country had to be bailed out after a property market crash” reports bbc.co.uk. The Republic of Ireland fell back into recession in the last three months of 2011, official figures have shown. Its economy shrank by 0.2% from October to December, following a contraction of 1.1% in the third … Continue reading
UK | More graduates in low skilled jobs
BBC News – Recent graduates are more likely to be working in lower skilled jobs than they were 10 years ago, new figures show. Over a third of recent graduates were in non-graduate jobs at the end of 2011 – up from around a quarter in 2001. The figures, from Office for National Statistics, also … Continue reading
UK | BAE axing around 2,000 jobs, ending nearly 100 years of aircraft manufacturing in Brough
BAE Systems, Britain’s biggest defence contractor, has brushed aside a plea by David Cameron to save high-level manufacturing jobs and is proceeding to axe around 2,000 posts. The worst-hit plant will be Brough in East Yorkshire, where BAE is to make 750 compulsory redundancies and end manufacturing – a move described by trade unions as … Continue reading
Job Gap | Spain | Cost of hiring has risen 24% in recent years
Spain’s high unemployment rate of around 23% means many Spaniards, young people in particular, are leaving the country to find work elsewhere. One popular destination is Germany, where the jobless rate is under 7%. But starting afresh in a new country is challenging. Munich’s airport shuttle bus is dropping off newly arrived passengers in the … Continue reading
ICT skills shortage hampers Northern Ireland companies’ expansion – BBC News
Amidst the gloom of rising unemployment, here’s some good news: a survey by a recruitment firm says Belfast is one of the best cities in the UK to get a job in the information and computer technology (ICT) sector. But there’s a reason for that: we have got a serious shortage of suitably qualified people. … Continue reading
BBC News – Are Greeks the hardest workers in Europe?
The eurozone crisis has sown divisions in the European family, and Greece in particular has often been singled out for criticism. Has Greece been living beyond its means? Are Greeks lazy? On this second point, the statistics tell a surprising story. Figures from the Organisation for Economic Co-operation and Development (OECD) show that the average … Continue reading
Intercontinental Hotels to create 3,000 jobs – BBC News
Intercontinental hotels, which owns the Holiday Inn and Crown Plaza hotel brands, says it will create 3,000 jobs in the UK. The company, the world’s biggest hotelier, has 275 hotels in the UK. The jobs will be created over the next three years, and will be supported by a new London-based training academy. The training … Continue reading
250 jobs lost across Northern Ireland as Peacocks closes – BBC News
The clothing retailer, Peacocks, is to close 19 shops in Northern Ireland with the loss of more than 250 jobs. The business was placed into administration in January and has now been sold to the Scottish retailer, Edinburgh Woollen Mill. However, ten stores will remain open, saving 140 jobs. These are located at the Connswater … Continue reading
Is English or Mandarin the language of the future? – BBC News
English has been the dominant global language for a century, but is it the language of the future? If Mandarin Chinese is to challenge English globally, then it first has to conquer its own backyard, South East Asia. The assumption that Mandarin will grow with China’s economic rise may be flawed. Consider Japan which, after … Continue reading
The Wealth Gap – Inequality in Numbers – BBC News
Until protestors took to the streets last year, first in New York and then in financial centres across the world, inequality had been a low-key issue. Not any more. With the political temperature rising, a stream of new analysis is revealing how sharply inequality has been growing. In October, the US Congressional Budget Office (CBO) … Continue reading
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