Job Market Monitor
Economy
US / Jobs could come back if America could change its trade position says Harvard’s Lawrence
Manufacturing job opportunities could improve, although they will likely never be the same. But it isn’t because emerging markets such as China are the threat that many believe them to be, said Robert Lawrence, professor of international trade and investment at Harvard Kennedy School. Investors often focus on micro issues. They hone in on what … Continue reading
Canada / Job vacancy rate down at 1,4%
In January, there were 200,000 job vacancies among Canadian businesses, a decrease of 22,000 from January 2012. There were 6.5 unemployed people for every job vacancy, compared with 6.1 one year earlier. The national job vacancy rate was 1.4% in January, down from 1.6% 12 months earlier. Chosen excerpts by Job Market Monitor via The Daily — Job vacancies, three-month average ending in January 2013.
The employment situation continues to deteriorate says OECD
Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment. The Assessment, presented in Paris by Chief Economist Pier Carlo Padoan, says that the G7 economies are expected to grow at an annualised 2.4 per cent rate … Continue reading
PVH / To cut 900-1000 jobs (Calvin Klein and Tommy Hilfiger brands)
Clothing-maker PVH Corp (PVH.N) estimates that it will cut between 900 and 1000 jobs and close a number of facilities related to its acquisition of the Warnaco Group Inc. The company, which owns and markets Calvin Klein and Tommy Hilfiger brands, said it did not yet have an estimate of the charges it would incur … Continue reading
Middle Class Expands In Developing World
“The meek shall inherit the earth” — that seems to be the latest message from the United Nations Development Program. Their 2013 Human Development Report chronicles the recent, rapid expansion of the middle class in the developing world. It also predicts that over the next two decades growth in the so-called “Global South” will dramatically … Continue reading
South Africa / Massive crowd for 900 cleaning jobs
The plight of the unemployed in the city and around the country was highlighted yesterday when hundreds of job hunters flocked to the City Hall in the hope of landing one of 900 cleaning jobs. Since the beginning of the week, people have been queuing at the office of a private cleaning company in Paul … Continue reading
China / What’s going on in its labor markets
Understanding unemployment and wage growth are crucial for understanding developments in the world’s second largest economy, not to mention the future price of everything from Nike sneakers to Apple iPhones. The official data is improving, with new information on migrant worker and private sector wages. But it remains scarce and in some cases unreliable, especially … Continue reading
Keystone XL / Only Canada would profit says President Obama
President Obama told a group of House Republicans at a closed-door meeting on Wednesday that the long-delayed Keystone XL pipeline won’t profit anyone but Canada. Rep. Lee Terry, R-Neb., told the Associated Press that Obama said the benefits of the project have been overstated because many of the jobs created would be temporary, and much … Continue reading
Taco Bell / 15,000 New Employees Last Year
Taco Bell added 15,000 employees last year, company chief executive Greg Creed told the Daily Beast, largely on one new product. Creed attributes the success to Doritos Locos Tacos, which the company rolled out in March, 2012 and was the “biggest launch in Taco Bell history,” he told the Beast. Throughout 2012, the 170-calorie taco, whose … Continue reading
Global Jobs Gap / Productive jobs for the developing world (video)
via Wanted: Productive jobs for the developing world – YouTube.
Australia / Most jobs added in almost 13 years
Australian monthly jobs growth hit a near 13-year high in February, an “extraordinary” result that helped keep the unemployment rate steady and eased pressure on the central bank to cut rates. The Australian Bureau of Statistics said 71,500 jobs were created last month, smashing forecasts for a rise of 10,000 and the biggest jump since … Continue reading
Taiwan / Chip maker Hon Hai, to add 10,000 jobs
TSMC, the world’s top contract chip maker, and Apple supplier Hon Hai Precision are adding 5,000 new staff as the technology industry picks up, a local newspaper reported on Monday. Chosen excerpts by Job Market Monitor via Taiwan Semiconductor, Hon Hai to add 10,000 jobs: Report – Times Of India.
India / 1.7 million apply for 1500 jobs in India’s largest state-run bank
India’s largest state-run bank has received 1.7 million applications for 1500 entry-level clerk jobs – and has promised to examine all of them. State Bank of India chairman Pratip Chaudhuri attributed the huge interest to good marketing and attractive employment terms, with the number of applications underlining the appeal of “jobs for life” in the … Continue reading
Greece / 150,000 civil servants jobs to be cut by 2015
Greece is locked in talks with international creditors in Athens about shrinking the government workforce by enough to keep bailout payments flowing. Identifying redundant positions and putting in place a system that will lead to mandatory exits for about 150,000 civil servants by 2015 is a so-called milestone that will determine whether the country gets … Continue reading
US / Fed shifts focus from inflation to jobs
The focus on jobs represents a historic shift for the central bank that began with the 2008 financial crisis and has intensified in the face of four years of middling economic growth. But how much influence the central bank wields over unemployment remains an open question: It cannot direct businesses to hire or inspire entrepreneurs … Continue reading
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