Job Market Monitor
Employment
Australia / Unexpected Job Gains as Unemployment Rate Falls
The number employed persons in Australia unexpectedly increased in May, owing to an increase in part-time employment, the latest report from the Australian Bureau of Statistics showed Thursday. The report also revealed a marginal dip in the unemployment rate. The number of employed persons rose 1,100 from a month earlier to 11.66 million in May. … Continue reading
UK / Student interns three times more likely to get at least one definite job offer
Research shows that some 36 per cent of students completing a work experience placement had received at least one definite job offer by the Easter of their final year compared with just 11 per cent of other undergraduates. Experts warned that work experience was “no longer an option extra” for universities and had increasingly become … Continue reading
Renewables sector employs 5.7 million people globally
New reports confirm renewable energy market stalled last year as technology costs fell, but emerging economies promise to drive growth The UN Environment Programme (UNEP) has today confirmed global investment in renewable energy slowed down last year, even as deployment in key technologies and markets continued to accelerate. The agency has this afternoon published two … Continue reading
Niger / WB promotes youth entrepreneurship to boost employment
In Niger, a country where 67% of the population is under 25 years of age, the problem of youth unemployment and underemployment is acute, given that the lack of job opportunities threatens to undermine the country’s political and economic stability. “You, the young people of Niger, have the potential to become an engine for development … Continue reading
US / The Jobs Gap: Unemployed Workers Still Far Outnumber Job Openings in Every Major Sector
The Job Openings and Labor Turnover Survey (JOLTS) released today by the Bureau of Labor Statistics showed job openings falling by 118,000 in April to 3.8 million. Job openings have improved very little over the last year and remain very depressed. In 2007, there were 4.5 million job openings each month, so April’s level of 3.8 … Continue reading
UK / A never seen recession: Employment has stayed remarkably, high productivity – output per worker – has dived
We have all grown used to the fact that the past few years have been different from any previous period in the last century. Output has stayed lower for longer than in any previous recession: in 2013, real national income is still lower than it was in 2007. This of course has driven public borrowing … Continue reading
UK / The unemployment rate unchanged, 65 and over in employment has reached 1 million for the first time
The employment rate for those aged from 16 to 64 for February to April 2013 was 71.5%, down 0.1 percentage points from November 2012 to January 2013. There were 29.76 million people in employment aged 16 and over, up 24,000 from November 2012 to January 2013. The unemployment rate for February to April 2013 was … Continue reading
Europe / Framework of Actions on Youth Employment presented
At a press conference, on 11 June 2013, ETUC, BUSINESSEUROPE, UEAPME and CEEP presented their Framework of Actions on Youth Employment, resulting from social dialogue negotiations. With youth unemployment rates currently at 24.4% in the euro area and 23.5% in the EU27, urgent and determined action is needed. Europe cannot afford such a waste of … Continue reading
US / More Employers Are Planning On Hiring Since the Beginning of the Great Recession says Manpower Group
More employers in the United States plan to hire workers next quarter than in any period since the fourth quarter of 2008, according to a survey by Manpower Group, the global employment services giant. Manpower’s quarterly survey released Tuesday found most employers around the globe were uncertain about hiring more workers in the July through … Continue reading
US / What This Job Recovery Looks Like
If we look at trends over the last few years one can see how this recovery is taking hold. Some of the significant changes which have taken place in the last 2 1/2 years include: Administrative positions have risen by 11% and temporary services have increased by 9.7%. These trends point out two trends: businesses … Continue reading
UK / Jobs Gap filled for women, but not for men
The number of women in employment since 2008 has increased by more than a quarter of a million, a 1.2pc net rise, while the number of men in work has dropped by 70,000, a 0.4pc net fall, a study of official labour market data has shown. The analysis by The Jobs Economist, an employment consultancy … Continue reading
The time has come for a new employer-employee deal: The tour-of-duty approach
The time has come, we believe, for a new employer-employee compact. You can’t have an agile company if you give employees lifetime contracts—and the best people don’t want one employer for life anyway. But you can build a better compact than “every man for himself.” In fact, some companies are doing so… The tour-of-duty approach … Continue reading
US / Is the Golden Age of Human Capital Over?
It seems that the golden age of human capital is losing its shine. That shine came not just from a high rate of return (both individual and social) on a college degree, but also from a beautiful, if partial, alignment between ideals of human development and the needs of employers. It was a happy alignment, … Continue reading
100% rise in jobs for mobile app developers / Hotspots: India, China, Israel and Europe
To bridge the significant gap in demand and availability of skilled mobile app developers, several large organisations are tapping global talent hotspots like India, China, Israel and Europe, says a study. Job postings for mobile developers has doubled in the last two years, but supply is growing only at 13 per cent, the study by … Continue reading
Philippine / Only a fourth land good jobs says WB
The World Bank said that the Philippines need to create 14.4 million good jobs- jobs that raise real wages and bring people out of poverty- until 2016. The Washington-based agency in the latest Philippine Economic Update said there were 10 million people unemployed or underemployed as of 2012 and with 1.1million new entrants each year, … Continue reading
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