Job Market Monitor
Economy
Job Gap – About 14 million jobs need to be created says OECD
The current weak economic recovery will keep unemployment rates in OECD countries high until at least the end of 2013, according to a new OECD report. The Employment Outlook 2012 says that the OECD-wide joblessness rate is forecast to remain high at 7.7% in the fourth quarter of 2013, close to the 7.9% rate in May … Continue reading
Unemployment + Gasoline : A new misery index?
Those figures are then added together in the bar chart showing the 5 best and 5 worst. Are you surprised by any of the states listed in this new misery index? via Unemployment & Gasoline – Graphic of the Day | The Knowledge Effect.
Germany – Bosch – To shorten work hours
German industrial group Robert Bosch GmbH ROBG.UL is in talks with workers at its engineering unit, Bosch-Rexroth, to cut their work hours in response to weakening demand from industrial customers, a company spokesman said on Friday. Bosch-Rexroth is one of the world’s leading producers of drives, valves and control technologies, which are used in machine … Continue reading
Unemployment boom doesn’t threaten Russia, experts say: Voice of Russia
While unemployment rate is growing in Europe, Russia is experiencing a deficit of labor power. According to the latest estimations made by the All-Russian Center for the Study of Public Opinion, at present, there are fewer unemployed people in Russia than there were before the crisis of 2008. According to official data, 5% of Russia’s … Continue reading
Mining – Layoffs Looming
Twenty per cent of mining companies in Canada have already begun laying off employees this summer in a sector that has taken a recent beating in the markets. The good news for existing workers is that employment appears to be getting more stable, with 76 per cent of the 140 mining executives surveyed not considering … Continue reading
Middle East and North Africa – Bridging the Skills Gap
OFFICIALS hope a regional labour market study will help identify how to empower Bahrainis working in the private sector. Many are keen to bridge the gap between their qualifications and job requirements, according to the preliminary findings of a new research conducted by global human resources company Aon Hewitt. Said to be the largest study … Continue reading
OnLive – Massive layoffs
There have been tons of speculation within the gaming industry today on whether or not one of the pioneers of cloud gaming, OnLive, is shutting down. A writer from Mashable claims they were contacted by a former OnLive employee who says that he and many others have recently been let go by the company and … Continue reading
China – Motorola employees protest layoffs
More than 100 employees of the Beijing branch of Motorola Mobility demonstrated in front of the company’s building on Friday, protesting massive staff cuts. Staff members of Motorola Mobility Holdings Inc in Beijing protest in front of the company’s office building on Friday demanding “consultation on an equal footing”. [Provided to China Daily] On Monday, … Continue reading
UK – Executive pays at £3m average
While many struggle to keep afloat during the recession, Britain’s top chief executives are enjoying an average £3million salary. FTSE 100 bosses have seen their salary soar by 8.5 per cent in 2011 – whereas the national pay average rose by just 1.6 per cent, barely half the rate of inflation. The brutal economic climate … Continue reading
Europe – The downturn has been under way for years
The euro zone is hurtling back into recession, economists declared after official figures this week portrayed a shrinking economy. But by some measures the downturn has been under way for years. With the exception of Germany, none of Europe’s biggest economies have returned to the level of economic output they had at the beginning of … Continue reading
German economic strength: Fewer hours, not particularly productive and less time at school
Imagine a country whose inhabitants work fewer hours than almost any others, whose workforce is not particularly productive and whose children spend less time at school than most of its neighbours. Hardly a recipe for economic success, you might think. But the country described above is none other than Germany, Europe’s industrial powerhouse and the … Continue reading
Where the Skills Gap Really Resides: a huge mismatch at the middle-skill level
It is those people who have not earned the minimum of a two-year degree that Scaglione says constitute a large population of our country who are stuck in low-skilled jobs that do not require any higher education. Low-skilled jobs that do not require a minimum of a two-year degree represent about 35 percent of all … Continue reading
New Jersey – Unemployment Rate at 35-Year High (9.8%)
New Jersey’s unemployment rate jumped to a 35-year high of 9.8 percent in July, the state Labor Department said. The rate climbed from 9.6 percent in June and is above the national level of 8.3 percent, which also increased last month. New Jersey lost 12,000 jobs in July, with the largest drops in manufacturing, construction, … Continue reading
Chart – International comparaison of employment-population ratios by sex
In 2011, among countries covered by the BLS international comparisons program, Mexico had the highest employment-population ratio among men (72.4 percent), and Canada and New Zealand had the highest employment-population ratios among women (58.5 and 58.3 percent, respectively). via International employment-population ratios, 2011.
U.S. Currency – The paper company used to make the paper since 1879 plans layoffs
The western Massachusetts company that has provided the paper used to make U.S. currency since 1879 has announced plans to lay off 55 workers. Dalton-based Crane & Co. says the job eliminations announced Wednesday are part of a consolidation plan to rejuvenate the 211-year-old paper company’s stationery business. The Berkshire Eagle reports that layoffs will … Continue reading
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