Job Market Monitor
Employment
US / Productivity and Employment: an enlarging Gap
Up until about 15 years ago, you could have nicely employed this picture against your Luddite friends who complain about productivity killing jobs. Until then, the two lines largely grew together. Yes, we were more productive, but growth resulted in higher demand that fed back into the economy’s job-creation function in ways that boosted job … Continue reading
Western Australia / Skilled overseas workers still needed
The resources sector in Western Australia is moving from a construction to operational phase but high levels of new workers are still needed this year and next, including skilled workers from overseas, a new report has found. According to the 2013 State Growth Outlook Study from The Chamber of Minerals and Energy of Western Australia, … Continue reading
Shanghai / Expected job growth making it a the new global financial centre
City workers’ expectations of job growth in London are weakening as it appears Shanghai is becoming the new global financial centre. According to research by Astbury Marsden, 73 per cent of bankers are expecting most new banking jobs to be created in South East Asia with Shanghai seeing the biggest jump in opportunities. Only 11 … Continue reading
US / We are creating a permanent class of jobless Americans writes Krugman
There is, unfortunately, growing evidence that the tainting of the long-term unemployed is happening as we speak. One piece of evidence comes from the relationship between job openings and unemployment. Normally these two numbers move inversely: the more job openings, the fewer Americans out of work. And this traditional relationship remains true if we look … Continue reading
US / ‘Price stability’ remains the policy advice even in the face of serious labor market inefficiencies says St. Louis Fed’s Bullard
Federal Reserve Bank of St. Louis President James Bullard gave remarks Wednesday on “Some Unpleasant Implications for Unemployment Targeters” at the 22nd Annual Hyman P. Minsky Conference. During his presentation, Bullard noted that the U.S. unemployment rate remains high by historical standards and that it has declined about 0.7 percentage points per year from its … Continue reading
Ghana / Job opportunities for 600 youth
The training programme is in collaboration between the Council for Technical and Vocational Education and Training (COTVET) and KNUST Jewellery Design and Technology Centre (KJDTC). The training programme, which is scheduled to last for two years, has attracted a sponsorship package of US$1million from the World Bank, DANIDA, JICA, GTZ, and the African Development Bank. … Continue reading
Canada / About one in five full-time workers aged 25 to 54 volunteered five or more hours per month in 2010
In 2010, about one in five full-time workers aged 25 to 54 (or 2,036,000 persons) volunteered five or more hours per month on a regular basis. In comparison, about one third of part-time workers and nearly one quarter of those who were unemployed volunteered with the same frequency. Among full-time workers with flexible work conditions, that is, those who can choose their … Continue reading
Canada / RBC and job outsourcing, what can be done?
We have a skilled work force whose children are training to be equally skilled. Yet as fast as we graduate people capable of doing valuable and productive jobs, those jobs disappear. Some are simply degraded. These are the full-time jobs transformed into fragile and part-time contract employment. Some, including many that are highly skilled, are … Continue reading
Namibia / Govt working on a new National Employment Policy
The Ministry of Labour and Social Welfare is working with a multi-sectoral taskforce to develop a new National Employment Policy. The new policy will place special emphasis on ‘green jobs’ and how to link these with other elements for employment creation. “A Green Economy is an area where economic growth and employment creation is possible … Continue reading
US / Jobs could come back if America could change its trade position says Harvard’s Lawrence
Manufacturing job opportunities could improve, although they will likely never be the same. But it isn’t because emerging markets such as China are the threat that many believe them to be, said Robert Lawrence, professor of international trade and investment at Harvard Kennedy School. Investors often focus on micro issues. They hone in on what … Continue reading
Canada / Job vacancy rate down at 1,4%
In January, there were 200,000 job vacancies among Canadian businesses, a decrease of 22,000 from January 2012. There were 6.5 unemployed people for every job vacancy, compared with 6.1 one year earlier. The national job vacancy rate was 1.4% in January, down from 1.6% 12 months earlier. Chosen excerpts by Job Market Monitor via The Daily — Job vacancies, three-month average ending in January 2013.
The employment situation continues to deteriorate says OECD
Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment. The Assessment, presented in Paris by Chief Economist Pier Carlo Padoan, says that the G7 economies are expected to grow at an annualised 2.4 per cent rate … Continue reading
Keystone XL / Only Canada would profit says President Obama
President Obama told a group of House Republicans at a closed-door meeting on Wednesday that the long-delayed Keystone XL pipeline won’t profit anyone but Canada. Rep. Lee Terry, R-Neb., told the Associated Press that Obama said the benefits of the project have been overstated because many of the jobs created would be temporary, and much … Continue reading
Global Jobs Gap / Productive jobs for the developing world (video)
via Wanted: Productive jobs for the developing world – YouTube.
Australia / Most jobs added in almost 13 years
Australian monthly jobs growth hit a near 13-year high in February, an “extraordinary” result that helped keep the unemployment rate steady and eased pressure on the central bank to cut rates. The Australian Bureau of Statistics said 71,500 jobs were created last month, smashing forecasts for a rise of 10,000 and the biggest jump since … Continue reading
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