Job Market Monitor
Employment
Austerity in US / Public sector employment has fallen by over 600,000 during the ‘recovery’
As Ben Bernanke put it, “people don’t appreciate how tight fiscal policy has been” Continue reading
The 20th century framework for work is not the first such formulation and it will not be the last
There were other mainstream understandings before it—factory work, piece-meal work, craftsmanship and apprenticeship—and undergirding them were a mix of cultural and political factors Continue reading
Europe Central Bank / Interest rates to stay low to help growth and job
Interest rates will stay low to support economies and jobs, European Central Bank Governing Council member Ewald Nowotny told a newspaper, dismissing complaints that low rates were hurting savers. “Given the economic situation, the level of interest rates will remain low because it is in the overall economic interests to have this support for growth … Continue reading
Gender Job Gap in US / Women not part of manufacturing turnaround
Since February 2010, the U.S. manufacturing industry, which appeared to be in a terminal decline for more than 30 years, has added more than 554,000 jobs to the workforce, according to the Joint Economic Committee of the U.S. Congress. However, in that same time frame, men have gained 565,000 jobs in the sector and women lost … Continue reading
Spain / Do more labour market reforms OECD urges
Spain could further cut severance pay and better match training programmes to business needs among new steps to reduce Europe’s second-highest jobless rate, the OECD organization of wealthy countries said in a report on Wednesday. The report by the Organization for Economic Co-Operation and Development praised Spain, which is just emerging from a prolonged economic … Continue reading
UK / Unemployment rate slips to four-and-a-half year low of 7.4%
Britain’s unemployment rate has slipped to a four-and-a-half year low of 7.4%, edging closer to the “threshold” at which the Bank of England has said it will consider raising interest rates. The Office for National Statistics (ONS) said on Wednesday that unemployment in the three months to October was 2.39 million, or 7.4% of the … Continue reading
General Motors (GM) in US / $1.3 bln in investment will create or retain about 1,000 jobs
GM said the investment at the plants in Michigan, Ohio and Indiana will create or retain about 1,000 jobs combined, but did not say how many will be new jobs Continue reading
US / Private college created fake jobs for grads reports the Huff
Eric Parms enrolled at an Everest College campus in the suburbs of Atlanta in large part because recruiters promised he would have little trouble securing a job. He’d seen the for-profit school’s television commercials touting its sterling rates of job placement, and he’d heard the pledges of admissions staff who assured him that the campus … Continue reading
Europe / Employment fell by 0.8% in the euro area and by 0.3% in the EU28 since a year
These quarterly data on employment provide a picture of labour input consistent with the output and income measure of national accounts Continue reading
Cisco / To create up to 1,700 jobs with Ontario Govt
Cisco and the Ontario government today announced an agreement that could see the networking company spend as much as $4 billion over the next 10 years to expand its operations in the province. Premier Kathleen Wynne and Nitin Kawale, president of Cisco’s Canadian unit, attended a news event Friday in Toronto to release details of the … Continue reading
Ford / To Hire 5,000 in US and 6,000 in Asia
Ford Motor Co. (F) plans to add 11,000 jobs in the U.S. and Asia in 2014, with more than half of those hires coming in the latter region where the company is scheduled to open two factories. Ford plans to hire about 6,000 people in Asia, most of them as hourly employees, according to a … Continue reading
Korea / Unemployment rate falls to 2.9%
South Korea’s unemployment rate fell slightly to 2.9 percent in November, as healthcare and other service industries added more jobs, official data showed Wednesday. The seasonally adjusted jobless rate compared to 3.0 percent posted in October and 3.0 percent in the same period a year earlier, the state-run Statistics Korea said. Unadjusted, the figure stood … Continue reading
Canada / The weakest job performance in a non-recession year since 2001
Canadian employment rose a steady, if unspectacular, 21,600 in November, keeping the jobless rate steady at 6.9%. However, the jobs picture isn’t exactly encouraging on a year-to-date basis, up only 147.9k, the weakest in a non-recession year since 2001. Compared to November 2012, employment is up a meagre 1%, with both the goods and services … Continue reading
US / A small, and shrinking, proportion of jobs pay enough for families to make ends meet finds the 2013 Job Gap Report by the Alliance for a Just Society
The Alliance for a Just Society’s 15th annual Job Gap Study examines employment opportunities and outcomes nationally, in 10 states (Colorado, Connecticut, Idaho, Florida, Maine, Montana, Nevada, Oregon, Virginia and Washington State), and in New York City Continue reading
Skills Gap in Ireland / Tech multinationals boost but jobs go unfilled
On December 15, after years of spending cuts and tax rises, Ireland will become the first of the rescued eurozone countries to exit its EU-IMF bailout programme. Dublin had to move the economy away from reliance on property “to move to a sustainable economy built on enterprise, innovation and exports,” the minister with responsibility for … Continue reading
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