Job Market Monitor
Employment
Canada | A national strategy aimed at finding jobs for unemployed centrally managed
An under-reported aspect of the federal budget is the Harper government’s plan to modify unemployment programs in order to better match workers with employers struggling with labour shortages. The strategy will increase retraining for unemployed Canadians, while making it more difficult for employers to hire workers from aboard when unemployed Canadians are available. Those facts … Continue reading
Job Trends – Despite Sluggish Growth, Labor Markets in Developing Countries Continue Their Gradual Recovery
In a sample of developing countries, growth in the fourth quarter of 2011 slowed amidst considerable economic uncertainty. Figure 1 shows median growth rates of output, employment, wages, and the median unemployment rate for 11 countries with complete series on all four indicators. Median growth in gross domestic product (GDP) weakened slightly over the fourth … Continue reading
U. S. Multinational Companies | Employment abroad increased 1.5 percent, to 11.0 million workers.
Worldwide employment by U.S. multinational companies (MNCs) increased 0.5 percent in 2010, to 34.0 million workers, with increases in both the United States and abroad. Employment in the United States by U.S. parent companies increased 0.1 percent, to 23.0 million workers, which contrasted with a 0.6 percent decrease in total private-industry employment in the United … Continue reading
Gender and the Recession in UK | Better outcome for women is the result of a rise of 172,000 in self-employment
Comparing the labour market situation at the outset of the recession with the latest available official data shows that men overall have fared less well than women. By the start of 2012 there were 387,000 fewer men in work (a net fall of 2.4%) than in the first quarter of 2008. By contrast the number … Continue reading
Employers and Young Talents | Do not rely on the market for talent writes ManpowerGroup
As a series of demographic and economic shifts intensely converge, creating a “Human Age,” a range of population groups are being alienated from work opportunities in the global economy writes ManpowerGroup in Wanted: Energized, Career-Driven Youth. (Adapted excerpts by Job Market Monitor following) Young workers are most affected and have been labeled a lost generation of … Continue reading
UK Labour Market | Surprisingly Positive Results
The employment rate for those aged from 16 to 64 was 70.4 per cent, up 0.1 on the quarter. There were 29.17 million people in employment aged 16 and over, up 53,000 on the quarter. The unemployment rate was 8.3 per cent of the economically active population, down 0.1 on the quarter. There were 2.65 … Continue reading
UK | Youth main job sectors have shed nearly a million jobs since 2007
The manufacturing and construction sectors have suffered the biggest loss of jobs since the eve of the recession, while finance and business services is the only sector with a bigger workforce today, according to a TUC analysis published today (Tuesday) ahead of a busy week of economic indicators. The TUC analysis looks at industries including … Continue reading
U.S. | Due for a raise in the Minimum Wage
Here’s an unhappy observation about the minimum wage: Congress last increased the rate in stages in 2006, topping it out at $7.25 an hour in 2009, or $15,080 a year. That amount, when adjusted for inflation, is actually lower than what a minimum-wage worker earned in 1968 and is too meager to offer anyone the … Continue reading
Rwanda |10,000 New Jobs Created in 2011
Rwanda received US$ 626 million worth of investments from both foreign and local investors in 2011, a development that is expected to create about 9,060 new jobs. According to Rwanda Development Board’s 2011 statistics, the jobs were made available by 6,000 investment projects that the agency registered as of December 31, 2011. Agriculture, the country’s … Continue reading
UK | Skilled Immigrants | A ‘challenge’ to grads jobseekers says Employment Minister Chris Grayling
Young British workers face a “huge challenge” from older and more experienced foreign rivals, Employment Minister Chris Grayling has warned. Chris Grayling said the “deep-rooted problem” meant prospective employees born in the UK were often at a disadvantage when applying for jobs. Business lobby groups have warned that young people were being failed by an … Continue reading
UPDATE : EU growth plan | Target: 17 million jobs
European Union officials are putting the final touches to a detailed economic growth plan they hope to unveil next week. The move comes as investors, spooked by the prospect of a deepening recession in the eurozone’s south, have pushed Spanish borrowing costs to their highest levels for four months. A draft of the 28-page plan … Continue reading
Trends in Canada’s Payroll Taxes
This short paper is the first in a new Caledon series, caledon social statistics. Using a combination of illustrative graphs and explanatory text, the series will explore social programs, tax benefits and trends in low income and other major social and economic indicators. In addition to income taxes, Canadians pay employment-related taxes, known as payroll … Continue reading
11 Tips to ace a job interview over Skype
If you will be interviewed for a job via Skype and a webcam, here are 11 tips: Prepare Rehearse Use top technology Ready your résumé Ready your workspace. Tape interviews Be friendly Engage interviewers Speak slowly It ain’t over until it’s over Request travel reimbursement. Source: via How to ace a job interview over Skype … Continue reading
Skill Gap | Arizona | 77 percent employers say “very difficult” or “somewhat difficult” to find qualified computer scientists
According to federal figures, there were nearly 3.5 million job openings in the U.S. in February. About 700,000 of them were in the West. With nearly 262,000 Arizonans looking for work, why don’t the jobs and the prospective workers match up? In everyday terms, the economy needs more software programmers and physical therapists and skilled … Continue reading
Algeria | Unemployment and Labor Market Issues
Davide Furceri analyzes unemployment and labor market developments in Algeria and assess the factors that may hamper employment creation in Unemployment and Labor Market Issues in Algeria published by imf.org.(adapted excerpts by Job Market Monitor) He suggests that the relative low output-employment elasticities and rigid labor market are the main factors behind the still high level of unemployment, particularly among the … Continue reading
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