Job Market Monitor
Employment
Tattoos and Jobs
‘I received an email from someone who wondered whether his long hair, facial hair, and tattoos were hurting his chances of getting a job” writes Alison Doyle. (Choosen excerpts by JMM to follow) There are employers, especially in the hospitality and retail industries, that are very concerned about the appearance of their employees. Many employers have … Continue reading
Ghana – 30,000 jobs lost in timber industry in last ten years
About 60 local timber companies have collapsed in the last 10 years, leading to the loss of about 30,000 jobs. Companies that had managed to survive the turbulence in the industry are currently producing below 50 per cent capacity. The Chief Executive of the Ghana Timber Millers Organisation (GTMO), Dr Kwame Asamoah Adam, made this … Continue reading
15 Jobs That Make Workers Feel Guilty
Everyone has to pay the bills somehow. Some people just don’t feel great about the means to that end. Sure, feeling dissatisfied or unhappy at work is a bummer. But what’s worse is feeling that you’re actually making “the world a worse place.” And according to a recent survey by Payscale, people in many fields … Continue reading
Do Younger RH Discriminate Older Workers ?
Dear J.T. & Dale: My belief is that the younger generation of HR workers openly discriminate against older employees. I believe they are threatened because they are simply outperformed by the 40- to 70-year-olds. Thoughts? – Aaron J.T.: I’m not sure that it’s a question of who’s more productive, but rather, who’s less expensive. Labor costs … Continue reading
Psychology – 10 Techniques to Help Your During Interviews
Hiring decisions are made on more than just skills and experience. It’s also about gut feelings and instinctual reactions. All sorts of subtle psychological factors come into play; so here are ten techniques which can help you give the interviewer the feeling that you are the one. 1. Schmooze but don’t self-promote Schmoozing is good. … Continue reading
Displaced workers are faster to find jobs at new employers
“The empirical literature on the relationship between job mobility and earnings dynamics emphasize two distinctly different patterns. On the one hand are findings that job mobility yields increases in earnings for workers” write Bruce Fallick, John Haltiwanger, and Erika McEntarfer in Job-to-Job Flows and the Consequences of Job Separations (Choosen excerpts by JMM to follow) This view emphasizes that, … Continue reading
No evidence working older persons reduces the job opportunities of younger persons
Between December 2007 and May 2010, the employment rate dropped by 6 percent for men ages 25-54, but less than 1 percent for workers age 55 and older. The pattern for women was equally dramatic: the employment rate dropped by 3 percent for younger women and actually increased by almost 1 percent for older women … Continue reading
Chinese investment in US between 2000 and 2012 had created 27,000 jobs
Foreign direct investment in the United States from China hit a record high through the first nine months of 2012 despite election-year rhetoric against the country and a congressional report casting national-security suspicions on two Chinese tech companies. During this year’s first three quarters, Chinese enterprises poured $6.3 billion in FDI in the US, according … Continue reading
Europe not doing enough on jobs and growth
The national governments of Europe are not doing enough to create jobs and growth. The president of the European Commission, Jose Manuel Barroso, delivered this message after meeting with representatives of employers and trade unions in Brussels. Barroso called for immediate action. The crisis is going on unabated. Average unemployment in the EU is over … Continue reading
Immigrant workers | Boosting The Incomes Of Less-Educated Native Workers
. The Economic Impact of Immigrant-Related Local Ordinances “… provides the first comparative look at the average economic effects of how restrictive versus non-restrictive immigration-related city ordinances affect a city’s business environment” writes the Americas Society. “Since 2005, in a climate of increasing concern and urgency about the nation’s current and future migratory flows, cities and … Continue reading
OECD – Employment rate at 65.0% in the second quarter of 2012
The OECD area employment rate – defined as the proportion of people of working-age who are employed – was 65.0% in the second quarter of 2012. This figure is 0.1 percentage point higher than in the previous quarter and 0.2 percentage point higher than one year ago. There are significant divergences in the evolution of … Continue reading
Sweden – Mass Job Cuts Belie Government Optimism
TeliaSonera AB (TLSN) yesterday became the latest in a string of Swedish companies to announce mass job cuts, prompting economists and unions to question the government’s forecast that unemployment will fall next year. TeliaSonera, Sweden’s biggest phone company, said it will eliminate 2,000 jobs as growth stalls, declining to say how many cuts will be … Continue reading
The consequences of job loss for workers
When workers get laid off, they typically pay a large economic price. This is true even for those lucky enough to find a new job, because most tend to earn wages substantially lower than what they earned previously. The figure below, from The State of Working America, 12th Edition, shows the average weekly earnings loss of … Continue reading
China – Hiring to hit lowest point in 4th qtr
Employers on the Chinese mainland are expecting the lowest hiring demand for 2012 in the fourth quarter, with about 53 per cent saying they will recruit more people, according to the latest Hudson Report released on Wednesday. But the report, which questioned 6,400 employers, said hiring demand on the mainland remains the highest among all … Continue reading
S.C. Dept. of Employment – To Lay Off 136 Workers
The line at South Carolina’s unemployment agency might be getting longer — and there will be fewer workers there to help the unemployed find jobs. That’s because the S.C. Dept. of Employment and Workforce is set to lay off an estimated 136 workers over the next few months. “Like most other states throughout the country, … Continue reading
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