Job Market Monitor
Employment
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How different would conditions be today economically and politically if unemployment were 7 percent instead of its current 8.2 percent? For one thing, some two million unemployed workers would have jobs, and the rate of economic growth would be comfortably above 2 percent, instead of below that pace. This scenario could have been possible if … Continue reading
Hiring Trends – Only 6% prefer a one-page executive résumé but page length not an issue
Career Directors International (CDI) had become weary of rumors and folklore when it came to hiring trends. This was especially true as it related to the many ways that résumés ‘could be’ and ‘should be’ written. For example, something said to one job seeker by a recruiter, suddenly becomes a fact quoted by all! These ‘facts’ take on a life of their own … Continue reading
UK – Two-thirds of employers rate the cost-effectiveness of their recruitment and selection practices as good or very good
UK employers have mixed views as to the effectiveness of the recruitment processes used by their organisations, XpertHR benchmarking research on key recruitment metrics in 2012 (XpertHR Benchmarking subscription required) finds: Two-thirds of UK employers rate the cost-effectiveness of their recruitment and selection practices as good or very good. In total, 96% say their levels … Continue reading
Australia – Employment decreased 27,000 (SA) and unemployment rate increased to 5.2%
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment decreased 27,000 (0.2%) to 11,500,500. Full-time employment decreased 33,500 to 8,065,500 and part-time employment increased 6,600 to 3,435,000. Unemployment increased 7,200 (1.1%) to 631,300. The number of persons looking for full-time work increased 7,800 to 438,300 and the number of persons looking for part-time work decreased to 193,000. The … Continue reading
Engineer – A ‘job for life’ is no longer relevant for today
Employers need to offer more than long-term job security if they are to attract today’s pleasure-seeking skilled workers. Bosses are being warned that the concept of ‘a job for life’ is no longer relevant to the modern workforce and businesses wanting to attract the best talent should invest in creating a fun and socially-active workplace. … Continue reading
China’s job market – Cracks are appearing
China’s job market has started to show signs of stress, putting pressure on the government to intensify fiscal spending to prevent the economy from weakening further. Like politicians the world over, Chinese leaders’ biggest single economic worry is whether unemployment is under control, and analysts say the job outlook will help determine whether they launch … Continue reading
Nine states have regained all jobs lost to recession – The Business Journals
Nine states and the District of Columbia have recovered all of the jobs they lost during the recession. The other 41 states are still working on their comebacks. On Numbers analyzed state-by-state employment data from the U.S. Bureau of Labor Statistics for May 2007 and the same month this year. The economic downturn officially … Continue reading
ILO Report – Eurozone risks losing a further 4.5 million jobs
Unemployment in the Eurozone could reach almost 22 million over the next four years, up from 17.4 million, unless policies change course in a concerted manner, the ILO says in a report entitled “Eurozone job crisis: trends and policy responses” . The study warns that without a shift in policy direction all countries in the … Continue reading
Biopharma – Job Outlook Bleak
After years of flying high, biopharma job growth is running into turbulence, a number of factors have increasingly pushed big pharma into layoffs. Although the picture is bleak now, the industry’s longer-term employment prospects appear brighter. Roche will eliminate 1,000 jobs by the end of 2013 when it shuts down its Nutley, NJ, R&D site. … Continue reading
US – Hires Rate (3.3 percent) and Separations Rate (3.3 percent) unchanged in May
There were 3.6 million job openings on the last business day of May, little changed from 3.4 million in April, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.3 percent) were essentially unchanged in May. This release includes estimates of the number and rate of job openings, hires, … Continue reading
UK – The Recruitment and Employment Confederation and KPMG said permanent placements are down
Permanent and temporary jobs across the country, including the City, have fallen in recent weeks, giving a “bleak” outlook on the employment front, according to two studies. The Recruitment and Employment Confederation (REC) and KPMG said permanent placements fell for the first time in six months in June, while temporary appointments were down for the … Continue reading
Chart – Public employment by President
Source: The Center of the Universe » Blog Archive » Public employment by President.
OECD – High jobless rates to last until at least the end of 2013
The Employment Outlook 2012 says that the OECD-wide joblessness rate is forecast to remain high at 7.7% in the fourth quarter of 2013, close to the 7.9% rate in May 2012. This leaves around 48 million people out of work across the OECD. In the Euro area, unemployment rose further in May to an all-time … Continue reading
Facebook, LinkedIn, Twitter – How Recruiters Use Social Media
By now, we’ve all heard about how employers scope out the Tweets and Facebook profiles of job seekers to winnow down the field of applicants. But job seekers may be surprised to hear just how many recruiters now use social media throughout the hiring process. Perhaps more surprising still, most recruiters are apparently checking for … Continue reading
Job Market Recovery – Great Recession vs Great Depression
( By Bill McBride) – The causes of the Great Recession were similar to the Great Depression – as opposed to most post war recessions that were caused by Fed tightening to slow inflation – and I’m frequently asked if we could compare the percent job losses during the two periods. Unfortunately there is very little data … Continue reading
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