Job Market Monitor
Employment
Ontario / Skills Gaps costs are high and they affect major sectors says The Conference Board
Ontario faces skills gaps in many areas and that these entail significant costs for businesses, individuals, and the province Continue reading
US / India’s unfair trade practices are putting jobs at risk says the National Association of Manufacturers
More than a dozen U.S. business groups are banding together to resolve what they argue is a sharp rise in discriminatory trade practices by India. The National Association of Manufacturers (NAM) and the Chamber of Commerce’s Global Intellectual Property Center (GIPC) on Tuesday helped launch a new alliance that is urging the Obama administration to work toward … Continue reading
Technology Is Destroying Jobs finds a MIT professor
Given his calm and reasoned academic demeanor, it is easy to miss just how provocative Erik Brynjolfsson’s contention really is. Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial … Continue reading
US / Hiring still depressed
Goldman Sachs economist David Mericle explains the importance of this seemingly minor indicator to Fed deliberations on monetary policy: The hiring rate is one of the key indicators for the labor market outlook. The hiring rate dropped sharply during the recession and the layoffs rate spiked. In the last couple of years, the layoffs rate … Continue reading
Older workers / Half of a Boston company’s workforce is part-time senior citizens
Half of a Boston company’s workforce is part-time senior citizens, countering myths about value of older workers. No Freedom 55 here. When a special order comes in that calls for a steady hand and a sure eye, the work at Vita Needle often goes to a machine operator called Bill Ferson. For the past 25 … Continue reading
India / Poorer states creating most jobs
Most of the poorer, less industrialized states like Jharkhand, Chhattisgarh and Bihar appear to have done well in increasing their work force in the past decade according to recently released Census 2011 data. Surprisingly, richer or more urbanized states like Punjab, Haryana and Kerala have lagged far behind in job creation. But if you take … Continue reading
India / Will the world’s most populous country by 2028 reap a ‘demographic dividend’ ?
Given the one-child policy’s lock on China’s fertility, nobody expected it to remain the world’s most populous country forever. India had been projected to grab this title by 2045 or even 2035. But a new UN report notes that we are hurtling towards this ‘takeover’ faster than anticipated and will become the world’s most populous … Continue reading
India / Must focus on jobs for growth says Just Jobs
India must make employment a key driver of its growth strategy as higher economic growth by itself does not create more jobs, according to a leading US research organisation advocating sustainable development. “Indian policymakers cannot assume that higher economic growth will automatically lead to more jobs,” Sabina Dewan, founder and director of Just Jobs at … Continue reading
India / A fact sheet on the economy
J:Jobs. Approximately, 460.22 million Indians are employed. That is only less than 40 per cent of the population. Between 2004 and 2010, India created just 26 lakh jobs. Chosen excerpts by Job Market Monitor via A to Z of the Indian economy – The New Indian Express.
US / Trends in Employment Rates by Educational Attainment (video)
The employment to population ratio, also referred to as the employment rate, represents the proportion of the civilian population that is employed, and it is used as a measure of labor market conditions and the economy’s ability to provide jobs for a growing population. In this indicator, employment to population ratio and employment rate are … Continue reading
US/ Minimum Wage / Available research finds “no evidence of a meaningful adverse employment effect” – Council of Economic Advisers
A meta-analysis by Doucouliagos and Stanley (2009) of 64 studies on the minimum wage published between 1972 and 2007, encompassing over 1,000 estimates, finds that most estimates are concentrated around zero, indicating no detectable effect (see figure). The authors conclude that the available research finds “no evidence of a meaningful adverse employment effect” of the … Continue reading
Turkey / The worst employment numbers among all OECD countries
The worst employment numbers are in Turkey among all OECD countries, according to a new survey of the organization. Employment levels are lowest in Turkey (48 percent), Greece (56 percent) and Hungary (56 percent) while are highest in Iceland (79 percent), Switzerland (79 percent) and Norway (75 percent). Nearly 66 percent of the working-age population aged 15 … Continue reading
China / Manufacturing offshoring creates win-win situation
Chinese manufacturers that set up factories in the United States could help create local jobs and win-win situation for the world’s two largest economies, two US mayors said on Wednesday. The genuine dialogue of doing business between the United States and China “has to happen on the local level,” Sheldon Day, mayor of Thomasville City, … Continue reading
US / Chinese imports and technological change destroying American manufacturing jobs finds NBER
Foreign competition and technological change might seem like twin juggernauts, destroying American manufacturing jobs in much the same way. In fact, they’re quite different. Foreign competition from China can be like a tornado, devastating US manufacturing in concentrated fashion but in limited areas around the country, according to a new study from the National Bureau … Continue reading
UK / Employment rate among migrant men higher than for Brits
FOREIGN workers have done better out of the recession than British men, a study has found. Despite a drop in overall employment, male migrants in the UK have enjoyed higher levels of work than “native-born men” since 2007, according to a leading thinktank. The trend has reversed a pre-crisis shortfall in employment and migrants are … Continue reading
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