Job Market Monitor
Economy
Canada / Immigrant Selection Policies impose an annual fiscal burden of $20 billion says the Fraser Institute
This paper reviews the history of Canadian immigration policies and documents that the present policies impose on Canadians a fiscal burden of $20 billion annually Continue reading
US / Jobless Claims fall, really?
The number of new U.S. jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing, clouding the last major reading of labor market health before the Federal Reserve meets Continue reading
Australia / Unemployment rises to a four-year high at 5.8%
The unemployment rate rose to a four-year high in August as jobs fell by 10,800 Continue reading
China / Who Is To Blame For The Worst Graduate Job Market
Approximately 6.99 million students will graduate this year from Chinese colleges and universities, a new all-time high. This reflects China’s attempt to upgrade its workforce by promoting higher education. But the labor market is sending some rather disappointing messages. Against the backdrop of the troubled world economy and faltering domestic demand, companies in China are … Continue reading
India / 100,000 public sector jobs available
Over 100,000 public sector jobs — in banks, Railways, Food Corporation of India, Indian Ordinance Factories, Bharat Coking Coal and many other PSUs — are up for grabs Continue reading
International Paper Courtland / Closure will cost 1,100 jobs
Lawrence County’s largest employer, International Paper announced this morning (Wednesday) that it plans to permanently close its Courtland paper mill. The plant is Lawrence County’s largest employer. Here is what International Paper in Memphis had to say about the decision: ”International Paper (NYSE: IP) today announced plans to permanently close its Courtland, Ala. Mill, a … Continue reading
France / Non-Farm Employment Drops 0.2% In Q2
Employment in France’s non-farm sector decreased modestly in the second quarter after staying steady in the March quarter, data released by statistical office Insee showed Wednesday. The number of employees in the market sector, excluding the farm division, decreased 0.2 percent sequentially to around 15.93 million in the second quarter, after staying broadly unchanged in … Continue reading
HP / Layoffs More Dramatic Than Thought
The ax has been falling at HP faster than anticipated. In May 2012, the company said it would cut 27,000 positions globally, 9,000 of them in the U.S. By that September, it revised that number upward to 29,000. Originally, HP said the layoffs would occur over two years as part of a “multi-year productivity initiative” … Continue reading
Furniture Brands / To lay off 1,451 workers in Mississippi
Furniture Brands International Inc., which filed for Chapter 11 bankruptcy Monday, plans to lay off 1,451 workers in Mississippi, nearly one-fourth of its U.S. workforce. The layoffs will come from the St. Louis-based company’s Lane Furniture division, which has manufacturing plants in Belden and Siltillo and distribution centers in Verona and Wren, according to the … Continue reading
ICTs Are Expanding Job Opportunities Worldwide says the World Bank
Information and communication technologies (ICTs) are transforming the world of work, creating new job opportunities and making labor markets more innovative, inclusive, and global. Three trends are driving this shift: greater connectivity, the ability to telecommute and outsource work, and globalization of skills. According to a new World Bank policy note, “Connecting to Work: How … Continue reading
China / Jobs outlook positive finds ManpowerGroup
Chinese employers forecast modest hiring trends in the fourth quarter of 2013, according to the newly released Employment Outlook Survey from ManpowerGroup. For the final quarter of the year, 16 percent of employers expect to increase their staffing levels, while only 2 percent plan to decrease the number of workers. And 46 percent of Chinese … Continue reading
Italy / Factory jobs ‘disappearing overnight’
Italy is haemorrhaging manufacturing jobs. Since 2007, 55,000 manufacturing firms have folded, taking more than half a million jobs with them. Weak demand at home and high labour costs are not the only factors prompting Italian companies to move to eastern Europe. Carlo Carnevale Maffe, professor of business strategy at Milan’s Bocconi University, blames a … Continue reading
US / Job cuts at record low, but openings at the lowest level since January
The number of layoffs and firings recently hit a record low level, according to government data released Tuesday morning. There were 1.51 million layoffs and discharges in July, down from 1.6 million in June and 1.79 million when the recession started at the end of 2007. The data go back to 2000. Those findings are … Continue reading
US / Labor’s Share of Income is around a 50-year low
Profits as a share of income are at or near record highs while the compensation share is around a 50-year low Continue reading
Unemployment in the Arab World
“For decades, these countries actually did a pretty good job of getting education for younger people, of advancing them into secondary education. Tunisia, Egypt, Jordan, these are places where people were able to get college degrees, and now they’re facing two problems. “One is just the overall economic backdrop is miserable. When you have this … Continue reading
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