Job Market Monitor
Employment
Job Gap | Spain | Cost of hiring has risen 24% in recent years
Spain’s high unemployment rate of around 23% means many Spaniards, young people in particular, are leaving the country to find work elsewhere. One popular destination is Germany, where the jobless rate is under 7%. But starting afresh in a new country is challenging. Munich’s airport shuttle bus is dropping off newly arrived passengers in the … Continue reading
U.S. | Less Than 6 out of 10 in employment, much worse than that of any of the other four recent recessions
The employment-population ratio is another useful measure for evaluating labor market conditions, as it provides a somewhat different perspective than the unemployment rate. The labor force—the denominator used in the calculation of the unemployment rate—may expand or contract in response to changes in the pace of economic activity. In contrast, the civilian noninstitutional population, the … Continue reading
Youth Tough labor market | Economic Policy Institute
As we approach graduation season, it’s important to note the uphill battle young job seekers continue to face in today’s labor market. The unemployment rate for workers under the age of 25 has improved to 16.0 percent since its peak of 19.6 percent in the spring of 2010, but, excluding the Great Recession and its … Continue reading
FED | Slow progress ahead on jobs | Reuters
Federal Reserve Chairman Ben Bernanke on Wednesday offered a tempered view of the U.S. economy, pouring cold water on the notion that recent upbeat signs herald a stronger recovery. Bernanke told Congress that unless growth accelerated, the unacceptably high U.S. unemployment rate would not keep dropping. But he stopped short of signaling further Fed bond … Continue reading
Job Gap | Skill Gap | Matching the Jobless With 3.4 Million Jobs – NYTimes.com
EVER since the deep recession hit four years ago, many colleges have been rethinking their continuing education programs, straining to figure out how best to help the many unemployed Americans who have looked to them as a lifeline. With the unemployment rate still stubbornly high, this rethinking has led to a powerful trend in which … Continue reading
PepsiCo layoffs will hit Westchester harder; 145 jobs will be cut | LoHud.com
Westchester County will bear more than its share of PepsiCo’s latest cost-savings measures. While the Purchase-based global food and beverage giant trims 2 percent of its employees around the nation, the local workforce — about 3,000 people in the county — will be cut by almost 5 percent, a company spokesman said. PepsiCo expects to … Continue reading
India | Social services sector hires most in 2011
Hiring activities in the non-governmental organisation (NGO) sector have increased over 60 per cent in 2011 compared to 2010, even as they have come under the government scanner for pushing alien agendas in the country. Overall hiring activities in the social sector, which includes NGOs, sustainability arm of big corporates and micro finance companies, increased … Continue reading
Where To Find a Blue-Collar or a Service Job in 2020 – Richard Florida – The Atlantic Cities
The United States is on track to generate 20 million jobs between 2010-2020, according to the latest projections from the Bureau of Labor Statistics. But job creation will vary widely by type of job and also by metro region. The nation is projected to generate 7 million new high-wage, high-skill jobs for professional, technical, and … Continue reading
Bursting of the housing bubble has not generated any noticeable increase in structural unemployment
“Some economic observers argue “structural unemployment” has increased in the wake of the Great Recession” write John Schmitt and Kris Warner in Deconstructing Structural Unemployment published by the Center for Economic and Policy Research. Structural unemployment refers to unemployment that reflects supply constraints in the economy: workers whose skills or geographic location don’t match with employers’ desires. Structural unemployment differs from cyclical … Continue reading
German unemployment lowest in 20 years
The positive development in the labour market continued at the beginning of 2012. As reported by the Federal Statistical Office (Destatis), the number of persons in employment living in Germany totalled 41.06 million in January 2012. This was the first time in any January that the number of persons in employment exceeded the 41 million … Continue reading
Indiana’s $2 billion unemployment debt
Our Team continues our investigation into alleged mismanagement of the state’s unemployment system, turning now to who’s in charge of watching over the agency. Current and former employees came forward to I-Team 8, exposing that they were told to use questionable tactics to reduce the workload of an overwhelmed system. Our questions now turn to … Continue reading
High Unemployment Not Primarily Driven by Lost Construction Jobs – Economic Intelligence (usnews.com)
We often hear that today’s high unemployment is being primarily driven by workers who were laid off from construction jobs, but it’s not true. It is true that the bursting of our 8 trillion dollar housing bubble meant an enormous loss of construction jobs and that unemployment in construction is severe. But the bursting of … Continue reading
South Africa tries to solve its employment dilemma | African news, analysis and opinion – The Africa Report.com
South Africa’s unemployment rate hovers around 25 per cent, and the impact of the global financial crisis of 2008 and 2009 led the country to lose around 1.2m jobs. In the 25-34 age group 50 per cent of South Africans do not work, and it is thought that 50 per cent of young black South Africans will never have the chance to do … Continue reading
Job prospects in Canada remain weak, latest help-wanted survey suggests | CanadianBusiness.com
The Conference Board’s forward-looking indicator on labour markets suggests job growth will continue to be modest in the upcoming months. The think tank’s help-wanted index for February shows a mixed climate for job seekers. Prospects appear stronger in the West, but weak throughout much of Ontario. The index is one of the few forward-looking indicators … Continue reading
Brand-New Jobs Site HireSmartz.com Connects Job Seekers to Open Positions
As the face of the U.S. job market continues to evolve, skilled workers struggle to find attractive openings while companies report a lack of qualified applicants for key positions. To bridge this gap, HireSmartz.com, a brand-new job search portal, provides free search options for job seekers and affordable postings for companies of all sizes. Job … Continue reading
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