Job Market Monitor
China
ManpowerGroup’s Talent Shortage Survey : Talent is becoming the key competitive differentiator
“ManpowerGroup surveyed nearly 40,000 employers across 39 countries and territories during the first quarter of 2011 to gauge the impact of talent shortages on the global labor market. The results of the sixth annual Talent Shortage Survey reveal a modest upward trend in the percentage of employers having difficulty filling positions due to lack of … Continue reading
China’s Labor Markets
Unemployment is arguably the most important, but least well measured, factor in China’s economy. Low unemployment and rising wages signal economic health, making it less likely that the government will rush to pump up growth. The reverse – mass layoffs and stagnant income – have China’s decision makers lunging for the stimulus button. The official … Continue reading
Chinese investment in US between 2000 and 2012 had created 27,000 jobs
Foreign direct investment in the United States from China hit a record high through the first nine months of 2012 despite election-year rhetoric against the country and a congressional report casting national-security suspicions on two Chinese tech companies. During this year’s first three quarters, Chinese enterprises poured $6.3 billion in FDI in the US, according … Continue reading
The effect of population growth on per capita GDP growth is negative in developing countries | Minh Quang Dao
Based on data from the World Bank and using a sample of forty-three developing economies, the author finds that the growth rate of per capita GDP is linearly dependent upon population growth, both the young and old dependency ratios, the mortality rate. Continue reading
PricewaterhouseCoopers – China and Hong Kong – 12 days holiday in the coming months, eight unpaid
More auditors in Hong Kong can expect to be taking extra-long holidays, courtesy of the city’s sluggish IPO market. This week, accounting firm PricewaterhouseCoopers announced that to help avoid layoffs, employees in mainland China and Hong Kong will be offered a chance to take an additional 12 days’ holiday in the coming months, of which … Continue reading
China – Hiring to hit lowest point in 4th qtr
Employers on the Chinese mainland are expecting the lowest hiring demand for 2012 in the fourth quarter, with about 53 per cent saying they will recruit more people, according to the latest Hudson Report released on Wednesday. But the report, which questioned 6,400 employers, said hiring demand on the mainland remains the highest among all … Continue reading
Apple – Foxconn – Underage workers
Foxconn Technology Group, the world’s largest contract electronics maker, has acknowledged hiring teenagers as young as 14 in a Chinese factory, in breach of national law, in a case that raises further questions over its student intern programme. Labour rights activists in China have accused Foxconn and other big employers in China of using student … Continue reading
Canada – Trade Union slams ‘mass importation’ of Chinese workers for B.C. coal mine
A major B.C. labour organization denounced on Monday the “mass importation” of Chinese workers to mine coal in the northeast part of the province, saying it is “preposterous” to suggest British Columbians don’t have the skills to fill close to 2,000 full-time jobs destined for foreign workers. “We want to register our grave concerns about … Continue reading
China – Job losses may be looming
Recent economic data such as stronger-than-expected exports and benign inflation in September are the latest signs that China’s slowdown may be nearing an end, reducing pressure on the government to implement more stimulus measures to shore up the world’s second-biggest economy. However, some observers are now concerned about a less-cited economic indicator – employment – … Continue reading
China – The Growing Inequalities
“The China’s income gap becomes an increasingly serious problem at the present stage” write Lei SUN and Ying-jun SUN in Analysis on China’s Income Distribution at the Present Stage. (Chosen excepts by JMM to follow) It appears not only between the urban and rural residents, but also among different fields, different areas and so on. The … Continue reading
China – Graduates willing to take less for first position
More than half of college students who will graduate next year are willing to accept a monthly salary of less than 4,000 yuan ($638), according to a survey released on Saturday. The survey, conducted by renren.com, a popular social networking website which launched its job-search service for graduates in July, ran from Aug 21 to … Continue reading
US – Are more jobs coming back?
After years of jobs moving overseas by the million, some are trickling back. China’s largest PC manufacturer, Lenovo Group, recently announced that it will open its first manufacturing plant in the U.S. The company expects to create 115 jobs in North Carolina, where it also operates customer service facilities and data centers. And in late … Continue reading
China – 2M compete for civil service jobs
Nearly two million candidates will compete for over 20,000 civil service jobs this year in China, said a state-run daily which lauded the move for applicants to have at least two years’ experience working at the grassroots level. Applications for the annual National Civil Service Exam (NCSE) opened Monday. An editorial in the Global Times … Continue reading
Australia and China Job Markets Sharing Destiny
The last time Australia was mired in recession, Boris Yeltsin had yet to stand on a tank in Moscow, and the Clinton era hadn’t begun. In 1991, Australian trade with China was a modest A$3.6 billion (about the same in U.S. dollars). In the preceding decade unemployment had averaged 7.8 percent, as Australia struggled to … Continue reading
China – Workers want money and opportunity: survey
Employee confidence in China’s job market has dropped, and in 2012/13 more workers will ask their employers for a pay rise, according to latest report by Michael Page International, an international recruitment consultancy. The report is based on the … http://usa.chinadaily.com.cn/china/2012-09/13/content_15756901.htm
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