Job Market Monitor
Employment
US / Half of all STEM jobs are available to workers without a four-year college degree finds Brookings Institute
Workers in STEM (science, technology, engineering, and math) fields play a direct role in driving economic growth. Yet, because of how the STEM economy has been defined, policymakers have mainly focused on supporting workers with at least a bachelor’s (BA) degree, overlooking a strong potential workforce of those with less education but substantial STEM skills. … Continue reading
India / SMEs employ close to 40% of workforce, but contribute only 17% to GDP
Small and medium enterprises (SMEs) have been the backbone of the Indian economy. That is both a good and a bad thing. The good part first. Employing close to 40% of India’s workforce and contributing 45% to India’s manufacturing output, SMEs play a critical role in generating millions of jobs, especially at the low-skill level. … Continue reading
US / Employment Lags
The American economy may be the world’s biggest, but when it comes to job creation since the recession hit at the end of 2007, it is far from a leader. Indeed, contrary to the widespread view that the United States is an island of relative prosperity in a global sea of economic torpor, employment in … Continue reading
US / Lowering Expectations about Employment Gains for the coming years
“The buoyant monthly employment gains that accompanied prior recoveries are not likely to be repeated. Indeed, even if GDP growth were to surprise on the high side (3.1 percent for 2013 as illustrated in the cyclical LFPR scenario), employment growth generated by our model would still be just 147,000 per month in the current year, … Continue reading
India / One in four to switch jobs
As the growth trends firm up in job market, India is set to witness highest attrition rate globally with possibility of one in four employees switching jobs in the country, a survey said on Friday. The survey conducted by global human resource and management consultancy major Hay Group also said that the concerns among the … Continue reading
Australia / Half of workers to quit in next five years
Australian businesses are facing a war to retain their top talent and will need a more modern approach to devices, working conditions and social media to keep their workers happy. Even though the unemployment figures sits at around 5.5 per cent and new job ads have fallen to their lowest level in years, two recently … Continue reading
US / Unemployment rate “was essentially unchanged” at 7.6 percent says BLS
Total nonfarm payroll employment increased by 175,000 in May, and the unemployment rate was essentially unchanged at 7.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, food services and drinking places, and retail trade. (JMM: The UR was 7.5 percent last month) Household Survey Data Both the number of unemployed persons, … Continue reading
US / Employment growth above about 80,000 jobs per month would put downward pressure on the unemployment rate finds research
Daniel Aaronson and Scott Brave « estimate that, currently, employment growth above about 80,000 jobs per month would put downward pressure on the unemployment rate » in Estimating the trend in employment growth on Chicago Fed Letter. (Adapted Chosen excerpts by Job Market Monitor to follow) Likewise, anything short of this benchmark would push the unemployment rate up. … Continue reading
China / Youths want fair play
Less than one month away from graduation, Jiang Zhiquan, a postgraduate student in Nanjing, capital city of east Jiangsu Province, grows anxious day by day as he still hunts for a job. In his latest effort to grab one, the 26-year-old failed to pass the provincial test for public servants in Jiangsu. “I think may … Continue reading
Canada / Tech Job Search / What resources do you use?
New Graduate Resource http://www.talentegg.ca Job Boards and Aggregators http://www.monster.ca http://www.indeed.ca http://www.dice.com http://www.wowjobs.ca http://www.techjobscanada.com http://www.knighthunter.com http://www.waterlootechjobs.com Start-Up Accelerators/Communities http://www.communitech.ca http://www.techalliance.ca http://www.softwarehamilton.com http://www.startupnorth.ca Recruiters http://www.peopletogo.com Chosen excerpts by Job Market Monitor What Canadian resources do you use for your Tech Job Search? : canada.
Employment rates exceed pre-crisis levels in 30 per cent of the countries, have increased in 37 per cent and have continued to decline in the remaining 33 per cent finds ILO in World of Work report 2013
According to the World of Work report 2013 “Repairing the economic and social fabric”, income inequalities rose between 2010 and 2011 in 14 of the 26 advanced economies surveyed, including France, Denmark, Spain and the United States. Inequality levels in seven of the remaining 12 countries were still higher than before the start of the … Continue reading
US / Growing and Dying industries (Infographics)
Image compliments of Masters in Human Resources Degree Guide
Reshoring in the US / 11 Companies That Brought Jobs Back Home
over 50,000 jobs have been “reshored,” as it’s called, in the past three years, according to Harry Moser, president of the Reshoring Initiative, a non-profit dedicated to showing some U.S. companies the benefits of doing business at home. He says altruism has little to do with why most companies end up returning manufacturing to the … Continue reading
South Africa / Government Employees Pension Fund / $1.3 Billion to Job-Growth Funds – Bloomberg
South Africa’s Government Employees Pension Fund, Africa’s biggest, said it allocated 13 billion rand ($1.3 billion) to three new funds targeted at boosting employment and economic growth. The Public Investment Corp., which manages most of the GEPF’s money, committed 5 billion rand to an environmental sustainability fund, 3 billion rand for a “priority sectors” fund … Continue reading
Australia / Queensland / Cuts in public service jobs reaches 14,000
WITH a month to go until the end of the financial year, the Newman Government has achieved its goal to reduce the public service by 14,000. A Public Service Commission spokeswoman said yesterday that 10,032 offers of redundancy had been made since July, and 9189 employees had accepted. “Almost 400 of those employees are still … Continue reading
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