Job Market Monitor
Economy
Europe / Toward a Financial transactions tax
EU finance ministers have given the green light for 11 eurozone members, including France and Germany, to ready a new tax on financial transactions. The approval under “enhanced co-operation” rules allows the smaller group to pioneer the tax. Governments previously failed to agree to impose the tax across the entire 27-member EU or 17-member eurozone. … Continue reading
NXP to layoff 700 to 900
NXP Semiconductors is planning to start a reorganisation process to reduce cost of support services, as a line in this, 700 to 900 jobs hang loose. The majority of the cuts will take place in Europe, although the US and Asia will also see some cuts, reports Tweakers.net The number of layoffs is still uncertain … Continue reading
Singapore / Young workers are saving more
Contrary to popular belief that young Singapore workers spend more than they save, a survey has found that they save more than their older peers. According to a survey by career builder, JobsCentral Group, 46 per cent of workers who are between 21 and 30 years old said they save more than 20 per cent … Continue reading
A 67 million global jobs gap / The number of unemployed worldwide rose by 4.2 million in 2012
Global unemployment rose in 2012 amid continuing economic insecurity and insufficient policies stifling overall hiring, a new report by the United Nations labour agency has warned, adding that the world’s youth were most vulnerable to the growing job scarcity. In its annual Global Employment Trends report, released today, the International Labour Organization (ILO) notes that … Continue reading
(Update) – Barack Obama’s Second Inaugural Address: Excerpts on Job
No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation, and one people… … Continue reading
Australia / QBE could cut 700 jobs
Hundreds of jobs are under threat at global insurer QBE as it prepares to finalise a massive cost cutting plan. The insurance giant is reportedly considering axing 700 jobs from its Australian workforce as it seeks to slash costs. QBE on Monday refused to confirm how many jobs could go, but noted that it had … Continue reading
Indonesia / End of Moratorium on Hiring Civil Servants but …
The Indonesian government announced on Monday that the moratorium on hiring new civil servants was lifted at the end of December, 16 months after it was instituted, but that stringent recruitment policies would be maintained. Vice President Boediono said that the essence of the moratorium would still be continued — zero growth policy. “The efforts … Continue reading
Youth employment: What works
Youth guarantees Programmes that guarantee young people will get a job, education or training have shown good results in a number of countries. In Finland, the success rate of the youth guarantee scheme is estimated at more than 80 per cent. A registered youth has to be offered a job, academic education, vocational training, or … Continue reading
China / The Rumored Middle Class
Rumors of a rising Chinese middle class have been touted widely. However, the evidence supporting these claims remains conflicting at best. The “middle-class” jobs outsourced from the United States have not necessarily translated to “middle-class” jobs in developing nations, especially in China. Defining the middle class has always been a difficult venture, but on several … Continue reading
Texas / Pharr call center to add 1,000 jobs
Convergys plans to hire 1,000 new full-time customer service representatives at its Pharr call center, nearly quadrupling the number of employees there. The call center company, which fields customer service calls for clients including DirecTV, Macy’s and Cigna, a health insurance company, will host a job fair Tuesday for the positions. About 350 employees now … Continue reading
Ireland / Sky to create 500
RUPERT Murdoch’s Sky has announced plans to invest €1bn in the Irish economy in the next five years with cash earmarked for 500 new jobs by July as well as investment into its retail network. Most critically for Irish business, a new broadband service will be introduced, which is set to increase competition in the … Continue reading
UK / Blockbuster: 760 jobs to go
Collapsed DVD and games rental firm Blockbuster is to close 129 of its 528 stores in the coming weeks and make 760 of its 4,190 employees redundant , its administrator confirmed today. Thirty-one stores have already been put on notice of closure with a number of closing-down promotions announced. Lee Manning, of administrator Deloitte, said: … Continue reading
Asians in the United States / Educational attainment and unemployment
A notable characteristic of the Nation’s Asians is their high rate of educational attainment. Fifty-two percent of those ages 25 and older had a bachelor’s degree or higher in the 2008–2010 period, considerably more than the average of 29 percent for non-Asians. In the 2008–2010 period, Asian Indians had the highest levels of educational attainment: … Continue reading
Kazakhstan / ArcelorMittal / 2,000 jobs cut
ArcelorMittal, expects output at its Kazakhstan mill, which relied on Iran for a third of its business before Western sanctions were imposed, to fall again in 2013 and will shed about 2,000 jobs to cut costs. Shipments at the world’s largest steelmaker’s Temirtau site dropped to 2.8 million tonnes last year from 3.2 million in … Continue reading
UK / Worcestershire County Council / To cut another 650 jobs
An extra 650 jobs cuts will not affect front line services according to the leader of Worcestershire County Council. The council has said the jobs will go by 2017, in addition to 850 redundancies it has already announced. Council leader Adrian Hardman said it would be “principally backroom jobs” that will go at County Hall … Continue reading
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