Job Market Monitor
Employment
UK – Unemployment has fallen and it will rise again soon
The most unexpected figures recently were the big drops in the UK’s headline unemployment number and rate. However, the way the Office for National Statistics (ONS) reports the numbers – as three-month rolling averages – doesn’t really help us understand what is happening. It turns out that this occurs because of concerns about the variability … Continue reading
China – Graduates eye government jobs
Cao Bin’s dream job in China’s officialdom befits anything but the popular image of a tea-drinking bureaucrat reading newspapers in an air-conditioned office, or dozing off at long meetings. Instead, the postgraduate at China Foreign Affairs University has applied for a position with the China Earthquake Administration. If successful, the job will catapult him into … Continue reading
Taiwan – Wistron Corp. plans no layoffs
Wistron Corp., one of Taiwan’s leading original design manufacturers, said Wednesday that it has no plans to lay off any of its employees this year, amid concerns that mass large-scale workforce reductions will take place in the industry. Wistron’s announcement came after Compal Electronics Inc., one of Taiwan’s largest PC makers, reported to Taipei’s Department … Continue reading
Corning to cut jobs
Specialty glass maker Corning Inc reported a lower quarterly profit as sales to consumer electronics, telecommunication and automotive markets fell, and said it plans to cut jobs and reduce costs. Corning, which makes products as diverse as smartphone screens to emission filters, said it expects a pretax charge of up to $50 million in the … Continue reading
UK – Civil service employment down 30,000
The Office for National Statistics said civil service employment has fallen by 34,621 to reach 463,812 in the year to March 31. Over the past two years, more than 60,000 jobs have been cut, the figures show. The number of full-time civil servants fell by just over 34,000 to 354,250 over the period, with the … Continue reading
Thomas Jefferson School of Law misled on percentage of its graduates landing jobs
Thomas Jefferson School of Law, based in San Diego, was the first to face a lawsuit alleging that it misled students by advertising that a high percentage of its graduates landed jobs, without saying which of those jobs required a law degree or were full time. Now, a former career-services employee at Thomas Jefferson says the school didn’t just mislead; it … Continue reading
Poland – Polimex to slash workforce by 1,744
Troubled Polish construction firm Polimex-Mostostal has announced plans to fire 1,744 workers by March 2013. The company, which has found itself in dire financial straits, currently employs nearly 10,000. The builder took heavy losses on infrastructure projects in the wake of the Euro 2012 soccer championships, when it signed unfavorable agreements that didn’t allow it … Continue reading
China’s Labor Markets
Unemployment is arguably the most important, but least well measured, factor in China’s economy. Low unemployment and rising wages signal economic health, making it less likely that the government will rush to pump up growth. The reverse – mass layoffs and stagnant income – have China’s decision makers lunging for the stimulus button. The official … Continue reading
Big Data To Create 4.4 Million Jobs Says Gartner Research
Big data is going to have a big impact on IT spending globally as the Gartner research firm forecasts that it is going to create a demand for 4.4 million big data-related jobs globally. Gartner forecasts total IT spending to rise by 3.8 percent in 2013 to $3.7 trillion (£2.3tn) globally, up from the $3.6 … Continue reading
Skills Gap – Middle-skill Workers – New England: The Boston Fed calls for Ensuring an Adequate Supply
“The supply of middle-skill workers will be constrained in the future” write Julia Dennett and Alicia Sasser Modestino in The Middle-Skills Gap: Ensuring an Adequate Supply of Skilled Labor in Northern and Southern New England, published by New England Public Policy Center at the Federal Reserve Bank of Boston on bostonfed.org. Choosen excerpts by JMM … Continue reading
US – The number of workers age 55 and up grew by 3.5 million from September 2009 to September 2012
The number of workers age 55 and up grew by 3.5 million from September 2009 to September 2012. That represents the lion’s share of the gain of 4.2 million for all workers 16 and older, according to the Bureau of Labor Statistics. Two factors help explain the trend. First: demographics. In the three years ended … Continue reading
Older Workers / Unemployment Duration / US : Chances of finding another job are low
“After reaching record highs month after month, the typical length of time a jobless worker in the United States has been unemployed finally fell in April’ 2011, to “only” 38.3 weeks. But the outlook is looking bleaker for the nation’s older workers.” wrote Catherine Rampell in Older Workers Without Jobs Face Longest Time Out of … Continue reading
Human Genome Sciences – Layoffs to continue
The job cuts continue at Rockville-based Human Genome Sciences as the biotechnology company folds its employees and operations into those of the British drugmaker that bought the firm this summer. The latest round of cuts targets 97 employees who were notified of the decision last week. The firm also warned that additional reductions would be … Continue reading
Australia – India: SkillsDMC to train 500 million people for NSDC
Australia’s industry skills council SkillsDMC has signed an agreement with India’s NSDC to impart training to 500 million people in key industry areas by 2022. SkillsDMC has signed an MoU with Indian counterpart National Skills Development Corporation (NSDC) to support the establishment of the Indian Sector Skills Council for mining. It will also provide for … Continue reading
Nursing Grads – More schooling may help to land jobs
The health care industry has been an employment bright spot in Sacramento and across the country as demand grows to care for a graying population. But newly minted nursing graduates are having trouble squaring that good news with their difficulties in finding work, said Anne McNamara. McNamara, dean of Grand Canyon University’s College of Nursing … Continue reading
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