Job Market Monitor
Employment
US / Private-sector jobs growth slows in April according to ADP
Private-sector employment growth slowed down in April, hitting the lowest result in seven months as tax hikes and government spending cuts took a toll, Automatic Data Processing Inc. reported Wednesday. Private employers added 119,000 jobs in April, the weakest gain since September, compared with 131,000 in March, according to ADP’s monthly report. “Job growth appears … Continue reading
US / Job creation remains much better this year that it was in 2009, 2010, and 2011 finds Gallup
Job creation, according to American workers’ reports, remains much better this year that it was in 2009, 2010, and 2011. But, reports of hiring have been stuck in the low to mid-30% range for some time. This is partly due to lower levels of government hiring. Nongovernment workers continue to report slightly higher levels of … Continue reading
UK / The myths about redundancy rights
Employees have a number of rights when employers try to wield the axe, but many are not entirely clear about what they are entitled to when threatened with redundancy. As a result, myths abound. Here are some common misconceptions and the truth behind them. Myth I will get a reference when I leave. Reality There … Continue reading
Merkel / The goal is not deficit or growth numbers but to get people back to work she says
German Chancellor Angela Merkel said at a joint news conference with her Italian counterpart that Europe must find ways to create jobs and spur investment. “Fiscal policy is not everything, of course. We do politics for people and people want jobs, which is why Europe has to manage to create employment and encourage investment and … Continue reading
Philippines / Unemployment rate remain high despite strong economic growth
Despite strong economic growth, the unemployment rate in the Philippines remains the highest in Southeast Asia. The government admits it has not been able to meet its target of creating one million jobs a year, and now hopes to create employment by drawing in more investments. Vivian Atienza, a 40-year-old single mother, will soon leave … Continue reading
Egypt / Morsi vows more jobs
Egyptian President Mohamed Morsi has said his administration aims to create thousands of new jobs over the next three years. Morsi made the comments on Tuesday during a speech at the state-owned Iron and Steel Complex in Cairo’s Helwan. “This bastion expands over 21 million square metres. It is not just a factory, but a … Continue reading
US / Vets program to be unveiled
First lady Michelle Obama on Monday will announce the launch of a credentialing program that the White House says will help members of the armed forces leaving military service earn the certification needed for many high-tech jobs in the private sector. Many departing service members have faced problems landing high-tech jobs in the private sector … Continue reading
Skills Gap / Banks struggle to recruit compliance experts
Nearly nine in 10 financial services executives are struggling to recruit staff with the right skills as regulatory changes boost demand for experts in areas such as compliance and accounting, a report suggested on Monday. Regulators around the world imposed tighter controls over the financial services industry following the financial crisis, including lifting capital requirements … Continue reading
Businesses around the world are reporting a skills shortage epidemic finds Grant Thornton
Businesses around the world are reporting a skills shortage epidemic that is weighing on growth prospects, according to new research from the Grant Thornton International Business Report (IBR). Almost four in ten (39%) businesses around the world are struggling to recruit the right people, with a lack of technical skills cited as the primary problem … Continue reading
A site where people looking for hourly jobs and internships could link up with people looking to fill those slots
Shawn Boyer set out to help a friend find a job. He ended up creating a new one for himself. Back in 1999, his friend came to him with a problem. She was getting a doctorate in an obscure liberal-arts field, and finding an internship was a challenge. Mr. Boyer, just a couple of years … Continue reading
US / The historic decline in the employment-population ratios
‘The decline in the employment-population ratios for men and women over 2000–07, just before the Great Recession, represents a historic turnaround in U.S. employment trends’ writes Robert A. Moffitt in The Reversal of the Employment- Population Ratio in the 2000s: Facts and Explanations on brookings.edu. (Adapted chosen excerpts by Job Market Monitor to follow) The decline is disproportionately concentrated among the less … Continue reading
Nigeria / Federal Government Plans to Create 5 Million Jobs By 2015
Dr Olusegun Aganga, the Minister of Industry, Trade and Investment, on Thursday said that the Federal Government was working to create at least five million jobs by 2015. Aganga, who stated this in Ibadan at the opening of the 6th National Council on Industry, Trade and Investment (NCITI-06), said it would be achieved with industrialisation … Continue reading
France / Struggling to get back to work
As Mr Hollande approaches the anniversary of his election next month, his approval ratings languish at a measly 27%. No president has fallen faster or further in the first year of office and no doubt it is unemployment that weighs on those poll figures. With the economy stalled and the government planning some 60bn euros … Continue reading
Gen Y / The largest generation in American history in the cradle
The nearly 3.7 million American babies born in 1982 weren’t special, except to their families. But in the eyes of demographers, they were categorically different from the 3.6 million Americans born in 1981. They were the first members of a new club: Generation Y. This so-called millennial cohort, the largest generation in American history, landed … Continue reading
Spain / Co-operatives create 8,000 new jobs while unemployment hits record level
At a time when more then six million people are unemployed across Spain, co-operatives have managed to not only maintain, but also increase the number of jobs by 7.2 percent in the third quarter of 2012. By contrast, the unemployment rate in Spain has reached 27.2 per cent, the highest since 1976. Although it has … Continue reading
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