Job Market Monitor
Economy
Trades Union Congress – Jobless cleaners, caterers and machine operators amongst those most at risk of long-term unemployment
If they become unemployed, low-paid workers such as cleaners, catering assistants and machine operators are most likely to be on the dole for more than six months, according to a new TUC analysis published today (Monday) ahead of the latest unemployment statistics this week. The TUC analysis shows that as unemployment rises and the number … Continue reading
Two-fifths of high school graduates are unprepared for college or the workforce | The Washington Post
Two-fifths of high school students graduate prepared neither for traditional college nor for career training, according to a study from researchers at Johns Hopkins University and the University of Arizona. College-preparatory programming has expanded dramatically in the past decade, with participation in Advanced Placement and International Baccalaureate more than tripling. Career-preparatory programs have evolved, as … Continue reading
Australia | Pakistan | The great brain waste – The Express Tribune Blog
In May last year an Australian embassy press release stated that more than 5,000 Pakistani students have chosen Australia as their destination to study. How many of these people actually go abroad to study? The answer is nil. As a resident of Australia I can say that ninety-nine per cent of these so-called students are actually professionals … Continue reading
5 scariest debt and unemployment charts from the new CBO report « The Enterprise Blog
The Congressional Budget Office has released its updated 10-year budget and economic forecast. Actually, the CBO offers two forecasts. It has a baseline forecast, which assumes current law stays in place. It also has an “alternative” forecast which assumes current tax and spending policy stays in place as is—even if the law says it must … Continue reading
Europe’s lost generation: how it feels to be young and struggling in the EU | World news | The Observer
Viola Caon left her Italian home to find work. Now she returns to see how her former classmates are faring… and in the week that shocking figures showed how badly Europe’s youth is being hit by the unemployment crisis, we also talk to hard-hit twentysomethings in Athens and Madrid Maybe being young is never easy. … Continue reading
Income Inequality is Bad for Society. Really Bad. – Sociological Images
Societies with more income inequality have higher infant death rates than other societies: Societies with more income inequality have higher rates of mental illness than other societies: Societies with more income inequality have a higher incidence of drug use than other societies: Societies with more income inequality have a higher high school drop out rate than … Continue reading
As Europe Goes (Deep In Recession), So Does Half The World’s Trade – Prison Planet.com
Following the Fed’s somewhat downbeat perspective on growth, confidence in investors’ minds that the US can decouple has been temporarily jilted back to reality. It is of course no surprise and as theWorld Bank points out half of the world’s approximately $15 trillion trade in goods and services involves Europe. So the next time some talking … Continue reading
OECD: Matching skills to new needs is an important challenge for member countries
“It is not just more of the same education that is needed” says the OECD, “the nature of the skills in demand is changing too.” The author adds: “The steepest decline in the demand for skills has recently occurred in routine cognitive task input, involving mental tasks that are well described by deductive or inductive rules… … Continue reading
Silicon Valley Gaining Back Jobs Lost In Recession « CBS San Francisco
A report released Thursday claimed it will take another two to three years for the Bay Area to regain all jobs that were lost in the recession. However, the report also suggested that the road to recovery runs right through Silicon Valley. The Bay Area Council Economic Institute expects Silicon Valley to recover all of … Continue reading
For the first time the European Central Bank is recognizing the need to address a core drawback in the euro architecture, itself. – Brookings Institution
An increasing number of observers have hastened to declare that the European debt crisis has been practically resolved or at least stemmed for a few years. This view was reinforced by the falling yields at the last Italian government bond auctions of 2011, which suggested a significant reduction in the perceived sovereign default risk. Since … Continue reading
Eurozone unemployment hits new record – BBC News
Unemployment in the eurozone hit a record high at the end of last year, the Eurostat agency has said. The jobless rate in the 17 countries that use the single currency was 10.4% in December, unchanged from November’s figure which was revised up from 10.3%. Some 16.5 million people were out of work in the … Continue reading
Filling the void Panel describes need for more skilled workers in Georgia – The Marietta Daily Journal
A panel of workforce and education experts said Thursday that there needs to be a collaborative effort among students, parents, educational leaders and businesses to create more employment in Georgia and fill the growing void of unskilled workers. “We’re at a unique time in our economy,” said Glenn Rasco, vice president of community and economic … Continue reading
Canada / Immigrants : Less likely to report a good education-job-skills-employment-earnings matches found StatCan
“Unlike the waves of immigrants who arrived in the 1950s and 1960s, those arriving in Canada since the 1970s have possessed relatively high educational levels, making an enormous contribution to the pool of individuals in Canada with postsecondary qualifications. Upon their arrival however, many immigrants initially face difficulties finding employment related to their field of … Continue reading
Immigration / Fiscal Burden / Canada : Recent immigrants cost an estimate of $16.3G to $23.6G annually
“Canada’s immigrant selection process needs to be revamped to focus on admitting people with Canadian job offers and skills needed by employers, recommends a new report released today by the Fraser Institute, Canada’s leading public policy think-tank.” This is what says the Press Release on Patrick Grady and Herbert Grubel’s Immigration and the Canadian Welfare … Continue reading
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