Job Market Monitor
Employment
US / 14 Reasons for an Employment Policy
We Americans must be a remarkably patient people. It ‘s been four years since Wall Street ruined the economy, we’re nearly nine million jobs behind where we need to be, and for years our politicians have debated how much less – not how much more – they’ll do about it. We’ve patiently endured lectures about … Continue reading
West Virginia / Unemployment Insurance: Not a good employment policy
Every business faces ups and downs, and how a business reacts and adapts to a downturn plays a large part in its success. During tough economic times, businesses often face difficult decisions and can be forced to lay off valuable, trained employees in order to survive. Not only do businesses lose their skilled employees and … Continue reading
San Antonio and Toyota / A Local Employment policy
“We learned a lot with Toyota,” he said. “The wonderful thing about having such a world-class company come and choose to bring high-paying manufacturing jobs is that it amplified the value of the state to have a cohesive outreach plan on the state and local level.” A decade later, officials again have teamed up, this … Continue reading
Canada / Employment Insurance : How to Adjust EI to the new world of work – Gunderson
Work is ‘changing nature’ with respect to Employment Insurance writes MORLEY GUNDERSON in EMPLOYMENT INSURANCE IN THE NEW WORLD OF WORK on mowateitaskforce.ca. “The demand-side changes include: skill-biased technological change, especially associated with the computer revolution and the shift to a knowledge economy; trade liberalization; globalization and offshore outsourcing; industrial restructuring mainly from manufacturing to … Continue reading
US / At 2012 pace, full employment won’t come until 2022
The jobs numbers have been crunched and re-crunched, and it turns out that the U.S. economy added an average of 181,000 jobs per month in 2012. That’s a faster rate than in 2011 or 2010. But it’s also relatively sluggish, given the deep, deep hole the economy is still in. If the United States keeps adding … Continue reading
France / Minister Michel Sapin: There is a state but it’s a totally bankrupt state
France’s government was plunged into an embarrassing row yesterday after a minister said the country was ‘totally bankrupt’. Employment secretary Michel Sapin said cuts were needed to put the damaged economy back on track. ‘There is a state but it is a totally bankrupt state,’ he said. ‘That is why we had to put a … Continue reading
US / Job growth needs to be at 284,984 a month to get to 5 percent unemployment within two years
Getting the economy to 5 percent unemployment within two years — a return to the rate that prevailed when the recession began — would require job growth of closer to 284,984 a month. There are now 12.3 million workers looking for work who cannot find it. The tally of those who are underemployed — that … Continue reading
Euro Zone / Youth unemployment rose by 303 000 in a year, reaching 57.6% in Greece
The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in December 2012, stable compared with November. The EU27 unemployment rate was 10.7%, also stable compared with November. In both zones, rates have risen markedly compared with December 2011, when they were 10.7% and 10.0% respectively. These figures are published by Eurostat, the statistical office of the European Union. Eurostat … Continue reading
Skills Gap / Transaction banking: a substantial talent shortfall
The appeal of the transaction services industry for new talent has never been higher, as high-impact, pejoratively dubbed ‘casino’ investment banking job opportunities vanish. Technologic nous and an ability to navigate new client demands – amid market and regulatory shifts – are key skills that budding transaction bankers must develop to make their names in … Continue reading
Japan / Jobs In Manufacturing Sector To 50-Year Low
Employment in Japan’s once-mighty manufacturing sector has fallen below 10 million for the first time in five decades, as a new government vows to stoke the struggling economy. Official employment data released Friday showed the number of workers in Japanese industry, which fuelled the country’s stratospheric rise from the ashes of World War II, slipped … Continue reading
Canada / Where are all the jobs? Infographics
Source: MacBlog_Jobs – – Macleans.ca.
UK / Youth Unemployment / Labour councils vs Stalin-esque ministers
The harsh reality is government programmes are failing. In fact, fewer than 6,000 young people have been helped into sustained jobs: that’s just 3.4% of young people on the Work Programme. The Youth Contract, launched with much fanfare by the deputy prime minister last year, is working so well that the government has decided to … Continue reading
Singapore / Jobless Rate at 5-Year Low
Singapore’s jobless rate fell to a five-year low last quarter as companies hired more local workers after the government tightened the inflow of foreign labor. The seasonally adjusted jobless rate fell to 1.8 percent from 1.9 percent in the third quarter, the Ministry of Manpower said in a statement today. The median estimate of nine … Continue reading
US / Vast majority of wage earners are working harder and more
“The U.S. economy over the past decade has worked primarily to the advantage of a small sliver of winners” writes Lawrence Mishel of the Economic Policy Institute. (Excepts to follow) Meanwhile, the vast majority of workers have not fared well—a trend that stretches back to the late 1970s. Contrary to some political rhetoric of late, this is … Continue reading
US / Education Matters: Community College
The “jobs gap”—or number of jobs needed to return to pre–Great Recession levels—stood at 11.3 million in late 2012, while 12.8 million Americans were unemployed. Carnevale, Smith, and Strohl (2010), however, estimated 46.8 million new jobs will need to be filled by 2018, of which 13.8 million will be new jobs and 33 million will … Continue reading
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