Job Market Monitor
Employment
US / Immigration Reform / Four in ten said that high unemployment is caused by “illegal immigrants”
If anything is going to wreck the current bipartisan push for comprehensive immigration reform, it’s the fact that many Americans are convinced that more immigration will be bad for American workers and for the U.S. economy. The spectre of masses of immigrants taking American jobs and driving down wages is a powerful one, especially at … Continue reading
US-Japan / Trade Talks and Jobs
We should welcome and encourage Japan’s interest in freer trade. But let’s not roll out the red carpet for TPP’s arrival just yet. Abe is the seventh Prime Minister of Japan in six years, so it might come as no surprise that his government’s plan to boost Japan’s stagnant economy is designed to play well … Continue reading
Italy / Hiring in recession
Bioplastics group Mossi & Ghisolfi has hired 50 people a year for the last five years – not bad when Italy’s unemployment has risen steadily to a 13-year high above 11 percent. Now a world leader in its field, the Piedmont-based firm is so specialized that, to meet booming demand, it is even wooing home … Continue reading
Indonesia / Minimum Wage / At least 500,000 workers in about 1,500 companies across the country might lose their jobs Employers Association says
Indonesian Employers Association (Apindo) chairman Sofjan Wanandi said that at least 500,000 workers in about 1,500 companies across the country might lose their jobs in March as the companies were no longer able to pay their workers in accordance with the new minimum wages. “I think half a million is the smallest figure we are … Continue reading
Ireland / Government plans ‘disruptive reforms’ for employment
The Government has promised a series of “disruptive reforms” as part of a new employment promotion scheme launched this morning. The plan contains 333 actions to be implemented in 2013 by 16 Government departments and 46 agencies. Under the Action Plan for Jobs 2013, the State will pay €1 for every €4 it will cost an employer … Continue reading
US / No Momentum in Quality Jobs Market Gallup Finds
Americans continue to think it is hard to find a quality job in February, with 23% saying now is a good time to find one. But this is on par with the 25% who said the same in January, which was the highest Gallup has measured since March 2008. Chosen excerpts by Job Market Monitor … Continue reading
UK / Unemployment falls to 2.5m
UK unemployment fell in the three months to December, while the number of people in work jumped to a new record. The jobless total fell by 14,000 between October and December to 2.5 million, the Office for National Statistics (ONS) said. The number in work rose by 154,000 to 29.7 million. More than 580,000 more … Continue reading
US / Almost half of employed college graduates are in jobs requiring less than college education
“Political leaders, prominent foundations, and college presidents have argued that the nation must increase the proportion of adults with college degrees in order for America to remain competitive in the global economy” write Richard Vedder, Christopher Denhart, and Jonathan Robe in Why Are Recent College Graduates Underemployed? University Enrollments and Labor-Market Realities (Adapted quotes to follow). Supporting those … Continue reading
China / Services employment has climbed for four years
Seven years ago, Cheng Shuangping quit her assembly job at an electronics company in central China to move to Beijing to work as a waitress and a clothing saleswoman before managing a foot-massage spa. “The assembly work was boring and the pay was meager,” Cheng, 34, said in an interview at Oriental Foot Massage near … Continue reading
After the Great Recession: The Challenge
Joshua Meltzer, David Steven and Claire Langley in The United States After the Great Recession: The Challenge of Sustainable Growth (Brookings Institution) write: “Never before has our nation enjoyed, at once, so much prosperity and social progress with so little internal crisis and so few external threats,” President Clinton argued in January 2000 in his final State … Continue reading
Emirates / One in three companies now hiring
One in three companies across the Emirates is now in hiring mode, according to a top recruitment website, as the economy shows further signs of recovery. Some 35 per cent of UAE firms said they were “definitely hiring” staff over the next three months, research published yesterday from Bayt.com and YouGov showed. That compares with … Continue reading
US / Job creation is harder
Something’s changed in how the economy works. One theory is “deleveraging”: Americans paying down their high debt. The economy won’t accelerate until this process is complete, the argument goes; the fact that debt-service ratios have dropped to early 1990s levels is considered a good omen. Another approach is to examine the economy by sectors and … Continue reading
India / Public Sectors Banks (PSU) to hire 56,500 jobs in next 6 months
Public sector banks, from State Bank of IndiaBSE 0.85 % to Allahabad BankBSE 1.79 %, will hire as many as 56,500 people in the next six months in the highest ever recruitment drive by the industry in more than a decade as business grows and the threat of new banks looms as the Reserve Bank … Continue reading
Australia / Labor jobs plan with $1 billion cuts in R&D tax incentives
A FEDERAL government plan to cut $1 billion from research and development tax incentives to big business to pay for measures to boost smaller companies has raised concerns it could be counterproductive. Prime Minister Julia Gillard unveiled the government’s plan for Australian jobs in its industry and innovation statement on Sunday. The three-part proposal involves … Continue reading
Russia / 1.5M jobs
Russia has 1.5mln vacant jobs for skilled labourers, professionals and intellectuals. It is in particular need of engineers, scientists, mathematicians and IT experts. Deputy Prime Minister for Social Policies Mrs Olga Golodets spoke about this in Paris Saturday at this year’s skilled jobs fair. It is the first time that Russia has taken part. Source: … Continue reading
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