Job Market Monitor
Employment
Lloyds Banking Group’s study claims oil and gas jobs bonanza
Oil and gas firms could create up to 34,000 jobs over the next two year, according to a study from Lloyds Banking Group. The bank said 77% of companies in the sector it surveyed were planning for growth in 2013-14. Most firms (86%) saw expansion coming from organic growth rather than from mergers and acquisition. … Continue reading
US / Official Recession Indicators are Contracting
The chart clearly illustrates the savagery of the last recession. It was much deeper than the closest contender in this timeframe, the 1973-1975 Oil Embargo recession. While we’ve yet to set new highs, the trend has collectively been upward. But a closer look at the average shows a clear slowing of the trend in 2012. … Continue reading
Malta / Jobs are the be all and end all says Prime Minister Gonzi
Insisting that job creation was the bottom line in administering the country, Prime Minister Lawrence Gonzi said that if no jobs are created, there would be no capital investment, no education, and no health services. Speaking in Senglea in a PN event, Gonzi said “jobs are the be and end all,” underpinning his government’s achievements … Continue reading
US / The Great Wage Recession And The Great Jobs Recession : Two Charts
As bad as the current job recovery has been — and it’s by far the weakest since World War II — the recovery in wages has been far worse. Five years after the recession began in December 2007, total wages in the economy have yet to fully recover in real terms, Commerce Department data show. … Continue reading
Atlanta / Athenahealth to bring 500 jobs
A major healthcare software firm will expand in Atlanta, bringing 500 highly-paid jobs to the city in a deal that will help jump start redevelopment of the former City Hall East, a person with knowledge of the deal said. Massachusetts-based Athenahealth, a player in the growing industry of healthcare information technology, will become the lead … Continue reading
Chrysler / To create 1,250 jobs in Indiana plants
Chrysler Group LLC, the U.S. automaker majority owned by Italy’s Fiat (FIA.MI), will invest $374 million in four Indiana plants to support production of its more fuel-efficient eight- and nine-speed transmissions by the end of the year. The move will create up to 1,250 jobs in Indiana, including as many as 850 jobs at the … Continue reading
US / Hispanics / Unemployment Rate Tops 17% in 5 States
The Hispanic unemployment rate at the end of 2012 in 13 states significantly exceeded the state rate, with the percentage of jobless Hispanics surpassing 17 percent in five states. Overall, the unemployment rates likely will remain high for whites, Latinos, and African-Americans through the year, according to projections by the Economic Policy Institute. The nationwide … Continue reading
HR / Artificial intelligence scans for recruitment data
ARTIFICAL intelligence technology is being used to deliver recruitment data that offers a more complete picture of the job market. Recruitment industry veteran Robert Olivier, who founded the former Olivier Internet Job Index, is using the United States-developed technology to analyse the Australian job market. “The thing that bothered me about my old approach was … Continue reading
Poll: Did Your Education Prepare You For A Job ?
Laura Fornash – Virginia Secretary of Education – has urged Congress to “ensure those who enter our higher education institutions exit with employable credentials.” With that in mind, do you feel your college education equipped you with the knowledge and skills necessary for employment? Please take our poll and tell us what you think in … Continue reading
Canada / High-skilled jobs in Canada have experienced a notable increase in relative share says TD
The issue of job-market “polarization” has captured significant attention in the U.S. and other ad- vanced economies in recent years. This longer-term trend has been characterized by the relative decline of medium-skilled, medium-paid jobs against a backdrop of growing opportunities for both highly-skilled, highly-paid and low-skilled, low-paid employment. Indeed, a 2011 report by TD Economics … Continue reading
Chicago / Steep decline in R&D spending costs job
The Chicago region has experienced a steep decline in private research and development spending over the last decade, according to a report released Tuesday by the Chicago Metropolitan Agency for Planning. In reducing R&D spending and jobs from firms that focus on innovation, the region has lost ground to San Diego, Boston, Silicon Valley and … Continue reading
US / Estimated Impact of the American Recovery and Reinvestment Act
As required by law, CBO prepares regular reports on its estimate of the number of jobs created by the American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in response to significant weakness in the economy. CBO develops estimates of ARRA’s effects on output and employment by looking at recorded spending to date … Continue reading
Over-educated / College Degree Required
The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job. Consider the 45-person law firm of Busch, Slipakoff & Schuh here in Atlanta, a place that has seen tremendous growth in the college-educated population. Like other employers across the country, the … Continue reading
Kentuky and Virginia / More than 800 coal jobs
After many rounds of layoffs, hundreds of coal mining jobs are coming back to the region. Officials with Professional Contracting say they are currently looking to fill more than 800 jobs. Ever since Alpha Natural Resources idled four mines and laid off hundreds of workers in January, Its been the word about town. “There was … Continue reading
New Zealand / A jobs crisis?
Transpacific waste management is the latest company to announce job cuts. It comes at the end of a week when at least 1000 more workers could be facing unemployment with Telecom restructuring and Solid Energy in financial trouble. But are we facing a jobs crisis? Transpacific has announced 200 jobs across Australia and New Zealand … Continue reading
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