Job Market Monitor
Employment
Obama’s Welfare-to-Work Plan and The Romney campaign
Does it make sense for states to try new approaches to help poor parents find jobs? The Obama Administration thought so. Temporary Assistance for Needy Families (TANF), which provides very little assistance to very poor families with children, has not been especially effective at placing single moms in jobs. Even in good times, nearly half … Continue reading
More clean cars means more jobs
Everybody’s worried about the high unemployment rate, and they should be. But fuel-efficient cars, hybrids and electrics are putting Americans to work big time. Clean cars create jobs. The Big Three automakers, addicted to the profits they made off big SUVs, saw economic ruin in subcompacts, hybrids and — heaven forbid — battery electrics. But … Continue reading
Employability – What Employers are Looking For
Employability has become a familiar and commonplace term, used by employers and the media in the post economic-crisis job market. But what does “employability” actually mean and what is its relevance for school leavers? Employability refers to a person’s ability to secure a job, to remain employed, and to progress and perform well in their … Continue reading
Dying careers and thriving careers
Our surroundings are changing rapidly. Against a backdrop of serious concerns about the Eurozone, projecting labor market activity can be particularly tough. However, changing patterns of employment by occupation are largely dominated by longer-term trends rather than the cyclical position of the economy. To understand the natural evolution of the jobs market — industries and … Continue reading
US Healthcare Workers – A sizeable increase in those who believe the economy is getting weaker
The Randstad Healthcare Employee Confidence Index, a measure of overall confidence among U.S. healthcare workers, declined 4.5 points to 53.9 in the second quarter of 2012, according to a recent online survey conducted by Harris Interactive on behalf of Randstad Healthcare. The quarterly survey of 232 workers currently employed in the healthcare industry, which included physicians, … Continue reading
US – Energy could add 3.6 Million Jobs
U.S. energy supplies have been transformed in less than a decade, driven by advances in technology, and the economic implications are only beginning to be understood. U.S. natural gas production will expand to a record this year and oil output swelled in July to its highest point since 1999. Citigroup Inc. (C) estimated in a … Continue reading
UK – 1 in 3 firms are maintaining staff but will make redundancies if economic growth does not return soon
CIPD research reveals that 1 in 3 firms are maintaining staff levels higher than they need in order to avoid losing skills, but will make redundancies if economic growth does not return soon The immediate jobs outlook remains positive, bolstered by employers who are holding on to staff to avoid losing skills despite low levels … Continue reading
Canada – Employment in July declined by 30,000, mainly in Quebec
Following two months of little change, employment in July declined by 30,000, the result of losses in part-time work. The unemployment rate rose 0.1 percentage points to 7.3%. Compared with 12 months earlier, employment increased 0.8% or 139,000, with full-time employment up 1.4% while part-time employment declined 1.8%. Total number of hours worked increased 1.2% over the same period. Employment Unemployment rate Employment in Quebec fell … Continue reading
Is there a link between the size of the shadow economy and the Euro crisis ?
Just look at this figure to convince yourself. “Besides informal employment in the rural and non-rural sector also other measures of informal employment like the share of employees not covered by social security, own account workers or unpaid family workers are shown. The most influential factors on the shadow economy and/or shadow labor force are … Continue reading
New Zealand – Unemployment rate rises to 6.8% as available jobs dry up
The unemployment rate expectedly rose in the second quarter as the pool of jobs shrank for the time since December 2010… The unemployment rate increased 0.1% percentage points to 6.8%, the highest since June 2010, according to Statistics New Zealand’s household labour force survey. Economists surveyed by Reuters were expecting the headline rate to come … Continue reading
Australia – Number of employed up 14,000 last month, fourth gain in five months
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 14,000 (0.1%) to 11,512,600. Full-time employment increased 9,200 to 8,073,700 and part-time employment increased 4,800 to 3,439,000. Unemployment decreased 2,500 (0.4%) to 635,100. The number of persons looking for full-time work increased 14,600 to 457,600 and the number of persons looking for part-time work decreased 17,100 to 177,500. … Continue reading
Book – Sabotage: How the Republican Party Crippled America’s Economic Recovery
by Daniel Altman. Excerpt: When Americans go to the polls this November, they’ll be looking for some payback. The Great Recession supposedly ended in June 2009, but what followed was hardly the kind of bounce that usually put the economy back on its feet. Rather, in the following two years the economy produced about two … Continue reading
Brazil – GM postpones layoffs decision until Nov
General Motors Co and a Brazilian union have agreed to postpone until November a politically sensitive decision to eliminate as many as 1,840 jobs at a factory near São Paulo. The decision, following tense talks and heated reminders by Brazil’s government that current tax cuts enjoyed by the carmaker go hand in hand with a … Continue reading
Australia – Jobs ads fall 0.8 per cent in July
Job advertising fell 0.8 per cent in July, after a drop of 1.1 per cent in June, the ANZ job advertisements survey showed on Monday. The data places advertisements 9.1 per cent weaker than a year ago. The weakness is most noticeable in newspaper advertisements, which fell 3.2 per cent compared with June, while internet … Continue reading
South Korea – Layoffs across brokerage houses
South Korean brokerage houses are slashing workforces as Europe’s debt crisis and the global economic slowdown bite into their profitability and their trading activities, sources said Monday. The total number of employees at 63 local brokerage firms reached 42,388 at end-March this year, down 0.7 percent from three months earlier, according to the data from … Continue reading
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