Job Market Monitor
Employment
Only 18% of college grads had job offers by the end of April before graduation in 2011
Getting from college to a paycheck is a big worry for young adults; in 2011, only 18% of college grads had job offers by the end of April before graduation, according to the National Association of Colleges and Employers. That’s lending new appeal to a century-old college program long disdained by elite schools as “vocational … Continue reading
Monetary and fiscal policies will never suffice to reduce long-term unemployment
One of the main policies to reduce long-term unemployment is an active labor market policy. The OECD publishes each year data on Government investments in labor market programs like training and wage subsidies.
Gemany and the Scandinavian countries are champions of active labor market policies. This is well known. But, less known is the fact that the US are not. US investment in active labor market programs before the Great recession wasbelow the OECD average, nearly 4 times lower: 0.13% of GDP vs 0.48%.
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Taiwan – Hiring strongest in the world
Demands for workers by Taiwan employers in the fourth quarter are the strongest in the world, according to a survey by the Manpower Group released yesterday. The survey found 38 percent of Taiwan employers plan to hire in the October-December period. After seasonal adjustment, the figure translated into a fourth-quarter employment outlook index of 32 … Continue reading
Canada – Why the labour market is already back to normal
The Labour Force Survey release for August was typical of LFS releases since the recession ended three years ago: modestly good news, but not enough to put a serious dent in the unemployment rate. When will things get back to normal? The answer is “things are already back to normal.” Canadian unemployment rates simply don’t … Continue reading
EU – The Employment Crisis – a New Brussels’ Priority
“The persistently worsening employment situation represents the biggest worry of European citizens and governments today, as well as a threat to Europe’s medium-to-long term stability, competitiveness and prosperity. Between 2008 and mid-2012, the EU27 … http://www.euinside.eu/en/news/eu-globalisation-fund-success
The postindustrial employment problem and active labour market policy
Employment problems change over time. In the aftermath of the oil shocks of the 1970s, unemployment concerned mostly industrial workers who were laid off by restructuring industries write Giuliano Bonoli and Quartier Unil Mouline in The postindustrial employment problem and active labour market policy. Since the mid-1990s, however, industrial restructuring is less of an issue … Continue reading
Bank of England should focus on employment data
Ben Broadbent, a member of the Bank of England’s Monetary Policy Committee, said the link between employment and inflation had proved “more stable” throughout the financial crisis than those between “either of those variables and output”. “We should … Telegraph.co.uk http://www.telegraph.co.uk/finance/jobs/9539737/Bank-of-England-should-focus-on-employment-data-says-MPCs-Ben-Broadbent.html Envoyé via Flipboard Envoyé de mon iPad
Australian Mining Jobs Decline
Mining sector employs 270,600 or 2% of total 11.5 million employed in Australia and has been struggling in the last few months with the strong dollar, rising costs and China’s desire to slowdown its economic growth. The sector in the last financial … http://www.123jump.com/australia/market-update/Australian-Mining-Jobs-Decline,-Fortescue-Debt-Worries-Weigh-on-Markets/50217/
Sweden – Unemployment rate increases of 0.6 percentage points at 7.2 percent
In August 2012 the number of employed persons aged 15-74 years amounted to 4 738 000. The number of unemployed persons amounted to 366 000, corresponding to an unemployment rate of 7.2 percent, an increase of 0.6 percentage points. On average the number of hours worked was 125.1 million per week. Seasonally adjusted data shows … Continue reading
GM’s Opel -1,000 German admin jobs cut
General Motors’ (GM.N) ailing Opel business in Europe plans to thin its administrative ranks by 30 percent, or 1,000 jobs, in its Ruesselsheim headquarters in Germany, newspaper Frankfurter Allgemeine Zeitung reported on Wednesday citing two unnamed board members. The cuts would be made voluntarily, without resorting to compulsory layoffs, the paper added. Opel said in … Continue reading
More Jobs, Smaller Paychecks
More Jobs, Smaller Paychecks These figures, from a Census Bureau report released this morning, aren’t surprising. But they are a reminder of the fact that, while high unemployment remains a big problem for the U.S. labor market, it’s not the only problem. There’s also a long-term… http://www.npr.org/blogs/money/2012/09/12/161003786/more-americans-are-working-but-theyre-earning-less
American Airlines – Tulsa maintenance base – 839 jobs cut
American Airlines will close its Fort Worth maintenance base by the end of the year, lay off 839 Tulsa mechanics and consolidate major aircraft maintenance operations in Tulsa and at Dallas-Fort Worth International Airport, company executives said Monday. More than 1,700 mechanics & related workers at American’s three aircraft overhaul bases will be laid off … Continue reading
Digital Domain layoffs 280 of its 300 employees
Tuesday, Digital Domain Media Group filed for Chapter 11 bankruptcy. This comes just three days after it laid off 280 of its 300 employees at its animation studio in Port St. Lucie. That allows the company to continue to operate while it sets up a plan to pay back its creditors… via Digital Domain layoffs: … Continue reading
Royal Philips Electronics to cut 2,200 additional jobs
Royal Philips Electronics said today that it cut 2,200 additional jobs to target an extra €300m in savings from the world’s largest lighting company as economic conditions deteriorate. Philips had already targeted 4,500 job losses. Headquartered in the Netherlands, Philips employs over 122,000 employees with sales and services in more than 100 countries worldwide. With sales … Continue reading
US – Weak Hiring Is The Problem, Not Layoffs
How bad is America’s jobs market? Layoffs and firings are at the lowest levels on record — yet the country still isn’t adding enough jobs to keep up with population growth. During the Great Recession, employers slashed millions of jobs. During the economic recovery, net job growth has been tepid. But the problem is no … Continue reading
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