Economy

Talent War | The Mining Battle

Bruno Rizzuto’s father, Cesare, was 19 when he got off a boat in Halifax from southern Italy in 1951. With no coat, and “5 cents in his pocket” he headed for the gold mines of Timmins, Ontario, where he worked underground for 41 years. Six decades later Rizzuto, a Calgary-based recruiter, is looking for people like his … Continue reading →

Iran | At least 100,000 Layoffs Last Year

More than 100,000 Iranian workers lost their jobs in the past year alone, says the head of Iran’s House of Labour. According to Iran’s Labour news agency Ilna, Alireza Mahjoub, head of the state-sponsored union body, said that in the past year 100,000 workers had been laid off from one thousand production units across the … Continue reading →

Top Republicans Say America ‘May Never Recover’ from President Obama

America’s top two Republican leaders fired blistering broadsides Tuesday at President Barack Obama, saying that the president had made the economy and the future worse and that the United States “may never recover.” House Speaker John Boehner (R-Ohio) laid down the starkest warning, telling Fox News, “America can’t live for four more years with Barack … Continue reading →

A strong Euro | Is it only pride with prejudice ?

Why the Euro is kept too stong and is not at par with the U.S. $. Is it only a question of pride, with its immense prejudice in human terms ?

Global skills gap leaves 10 million manufacturing positions unfilled says World Economic Forum in collaboration with Deloitte Touche Tohmatsu

The report,The Future of Manufacturing: Opportunities to Drive Economic Growth, by the World Economic Forum in collaboration with Deloitte Touche Tohmatsu Limited  estimates that 10 million manufacturing jobs worldwide cannot currently be filled due to a growing skills gap. This shortage is pervasive despite the high unemployment rate in many developed economies where companies are struggling to … Continue reading →

The U.S. Unemployment Map

It’s the economy, not the taxe code, which generates inequalities

The economic framework that has recently defined our politics should be replaced by a new narrative writes William A. Galston, one that runs as follows: In recent decades, changes in the structure of our economy and politics have created a dramatic increase in income inequality; while changes in our tax code did not contribute materially … Continue reading →

What is the price to save the Euro : Isn’t Worth Saving writes Matthew O’Brien

Welcome to life in a suboptimal currency area. After all, countries that share a currency also share monetary policy. If they don’t share fiscal policy too — that is, there is no centralized treasury — they can get into trouble. Just ask Europe. But as Christian Odendahl at The Economist points out, this also means that … Continue reading →

ILO and World Bank report on government actions against the Great Recession

The International Labour Organization and the World Bank released a joint report and new online data tool with the first comprehensive stocktaking of countries’ jobs-related policy responses to the recent global financial and economic crisis. A follow-up to a request from leaders at the 2009 G20 Pittsburgh Summit, the report, Inventory of Policy Responses to … Continue reading →

Europe suffocates in unemployment – The Pravda

In early 2012, many analysts were predicting the imminent resumption of the recession in Europe. Against the backdrop of the worsening debt problems of Greece and Spain, the economic performance indicators in the EU for the first quarter were not the best. Now, the united Europe is threatened by a new attack: unemployment growth does … Continue reading →

Europe | Promoting of job creation and labour demand – We hope so!

“The European Commission and I do not believe that the European social model is dead,” European Commission President Jose Manuel Barroso told the European Parliament on 18 April. The same day the Commission adopted a package of documents dedicated to creating jobs and achieving higher employment in the EU. The Commission proposes specific measures to … Continue reading →

Canada | Job growth set to dry up says the Conference Board

“The trends just aren’t that strong,” Mr. Antunes said in an interview. “We’re still looking at soft job creation.” After a loss of 2,800 jobs in February and losses in two of the final three months of 2011, an increase of the magnitude witnessed in March is unsustainable, the board said. The board’s projection for … Continue reading →

Immigrants’ lack of economic success | Skilled immigrants do not communicate the realities back home

Skilled immigrants are often the first in their family to come to Canada, and they come alone, said Walsworth. “They’re incredibly brave” but they appear not to be communicating the realities of life, including the challenge of finding employment in their chosen field, with friends and family in their home country. In an effort to … Continue reading →

Wisconsin | 4,300 private sector jobs lost

Wisconsin lost 4,300 private sector jobs in March, the state Department of Workforce Development reported Thursday, bad news for Gov. Scott Walker as he nears a June 5 recall election. Since Walker took office, the state has added just 5,900 private sector jobs — far from the 250,000 Walker promised to deliver by the end … Continue reading →

Canada | UI Recipients to fill labour shortages, even in seasonal jobs

Ottawa is preparing to tackle one of the country’s most sensitive labour questions: Why won’t healthy, unemployed Canadians get their hands dirty? The Conservative government is preparing legislative and policy changes that, for the first time, will link the federal Employment Insurance program to the Temporary Foreign Worker program. A spokesperson for Human Resources Minister … Continue reading →