Job Market Monitor
China
US / The world’s largest trade deficit kills jobs
Agonizing over U.S. job losses often overlooks a primary cause of the problem: America’s severe trade deficit. Since the 1970s, U.S. imports have exceeded exports every year. “This deficit, now the world’s largest, kills jobs. It urgently needs to be fixed,” write Donald L. Barlett and James B. Steele in their new book, The Betrayal … Continue reading
China / Mass factory layoffs rise to 15-month high
Workers laid off due to factory shutdowns increased to a 15-month high of 141,000 in October, according to government statistics released yesterday. Chinese Personnel Executive Association (CPEA) chief executive Lin Yu-min (林由敏) said retirement benefit inquiries have risen in recent weeks, indicating that more factories have shut down, resulting in mass layoffs. Older workers who … Continue reading
Reshoring in UK / China wage hike spurs trend ?
It moved half its production to China to keep costs down, but eight years later one company is bringing production back to Britain. It’s another example of the backshoring trend that has seen many European manufacturers relocate their business back home. Caldeira is a cushion-making business headquartered in Merseyside, Northern England. Since 2004 it has … Continue reading
China / 31.2 million high-skilled workers, 4.9 million more than at the end of 2009
China’s high-skilled workers reached 31.2 million as of the end of 2011, 4.9 million more than at the end of 2009, according to official data released on Saturday. High-skilled workers accounted for 26.2 percent of China’s 119 million skilled workforce as of the end of 2011, up 1.5 percentage points from the end of 2009, … Continue reading
Looking For a Job in China ? Procedure for Employment in Beijing
Procedure for Employment in Beijing Employment of foreigners in Beijing refers those who have not obtained the right of permanent residence and who work and receive remunerations for their work in accordance with law within the Chinese territory. Those foreigners who have not obtained residence permits (holders of F, L, C and G visas), and … Continue reading
Reshoring / Apple to return some Mac production in US
Apple Inc is planning to bring back some of its production of Mac computers to the United States from China next year, Chief Executive Tim Cook said, according to a report published Thursday. The company will spend more than $100 million to build the computers in the United States, Cook was cited as saying in … Continue reading
China / LG starts layoffs
LG’s mobile arm may be slowly turning things around internationally, and getting even its main competitor’s appreciation in the process, but China is different. At least that’s what can be gathered from LG’s woes over there. The Korean company has started laying off employees in 26 offices in China. This comes as LG’s market share … Continue reading
China / King Yuan Electronics / To create 1,000 jobs
King Yuan Electronics Co. Ltd., a Taiwan-based integrated circuit (IC) testing service provider, said yesterday its plan to build a new plant in an industrial park located in Tongluo Township, Miaoli County is expected to create about 1,000 jobs. King Yuan will invest NT$1 billion in the new production base, which is scheduled to break … Continue reading
China / Job Interview / Job-seekers protest gynaecological tests
A medical student in China’s central Hubei province, identified by China’s Legal Daily as Xiaochun, was astounded when she was asked about her first menstruation during an interview for a civil service job. What also baffled her was a series of gynaecological exams imposed on her and other female candidates, besides the standard physical examinations … Continue reading
China / Gender gap widening
The income gap between men and women in China is growing partly because of gender inequality, particularly in the job market, according to a survey. In 2010, urban women’s income was 67.3 percent that of men’s and rural women’s income was 56 percent that of their male counterparts, the survey found. The ratios were 77.5 … Continue reading
China / 8 percent of the 7.58 million graduates students who graduated in 2011 have not yet found jobs
The millions of college students who graduate in China each year now face this hard reality: a college diploma no longer guarantees a good job. According to a Hong Kong economist, there is no easy fix, as structural problems with China’s manufacturing-based economy limit the need for higher education. Educators, analysts, and the state-run press … Continue reading
Europe / Punitive tariffs Chinese photovoltaic manufacturers put 30,000 European jobs in danger
In a new study, AFASE has laid out the consequences it expects anti-dumping and anti-subsidy duties on Chinese photovoltaic manufacturers in Europe will have. Expected European-wide is a fall in demand, job losses and price increases. In China, the market leaders boast a capacity of 2 GW or more; in Europe there is no manufacturer … Continue reading
China / Over 70 per cent overseas students return home
A vast majority of Chinese studying abroad are returning back offering stiff competition for jobs to the students, who studied in local universities. Nearly 72 per cent of overseas Chinese students have returned to China after finishing education abroad since the late 1970s, a government-backed agency said in a report. From 1978 to 2011, about … Continue reading
Skills Gap / Shortfall of 40m forecasted by McKinsey Global Institute, China among the worst hit
High-tech companies face a shortfall of some 40m skilled workers by 2020, with businesses based in China likely to be among the worst hit, according to a study by the McKinsey Global Institute. The institute – a research arm of the McKinsey strategy consultancy – says that manufacturing will be the sector of the global … Continue reading
China / Minorities are disadvantaged in the job search process concludes a study
Reza Hasmath, Benjamin Ho and Elaine M. Liu estimate wage differentials between ethnic minorities and the Han majority in China from 1989 to 2006 in Ethnic Minority Disadvantages in China’s Labor Market? on seh.ox.ac.uk (Adapted choosen excerpts by JMM to follow) A decade after market reforms commenced in 1978, the Communist Party of China (CPC) abandoned its job assignment system. In … Continue reading
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