Job Market Monitor
Employment
Inclusive labor-market institutions: the most effective general remedy for low-wage jobs
“Over the last two decades, high – and, in some countries, rising – rates of low-wage work have emerged as a major political concern” writes John Schmitt in Low-wage Lessons (Choosen excerpts by Job Market Monitor to follow) According to the Organization for Economic Cooperation and Development (OECD), in 2009, about one-fourth of U.S. workers were in low-wage … Continue reading
Bachelor’s Degree in US
Bachelor’s Degree Attainment Tops 30 Percent for the First Time In March 2011, for the first time ever, more than 30 percent of U.S. adults 25 and older had at least a bachelor’s degree, the U.S. Census Bureau reports. Those With Bachelor’s Degrees Weathered Recession Better People with a bachelor’s degree had lower rates of … Continue reading
Sweden / 40 percent of recruiters are checking social networking pages
40 percent of recruiters are checking potential employee’s social networking pages during the hiring process, a figure which has shot up from last year, according to a recent report. “It’s advisable that people think twice about the self-image they allow on the net,” said Johan Treschow of the chamber of commerce, to Dagens Nyheter (DN) … Continue reading
EU: Tackling youth unemployment was a priority
A year ago, “The European Parliament underlined five priorities in the report on the contribution to the Annual Growth Survey 2012: 1. pursuing different growth-friendly fiscal consolidation 2. ensuring long-term financing of the real economy 3. promoting sustainable growth through more competitiveness and investments 4. tackling unemployment and the social consequences of the crisis 5. modernising … Continue reading
US / The App Economy: from 0 to roughly 466,000 jobs in less than 5 years
“How can the U.S. dig itself out of the current job drought?” asks Michael Mandel in WHERE THE JOBS ARE: The APP Economy (Choosen excerpts by Job Market Monitor to follow) Government policy can temporarily boost employment. The ultimate answer, though, is innovation: The creation of new goods and services that spur the growth of new industries … Continue reading
Social Networking in the Workplace / 9 Best Practices
If you’re anything like me, you’ve probably witnessed (or maybe even been a part of) office communication mishaps that have ranged from mildly embarrassing to career-ending. Early in my career, I witnessed a rogue email chain which spoke of a client in offensive terms. The email accidentally got forwarded to said client. Oops! No matter … Continue reading
UK / The fit between graduate labour market supply and demand
In The fit between graduate labour market supply and demand, Gaby Atfield and Kate Purcell examine 3rd year UK undergraduate degree final year students’ perceptions of the skills they have to offer and the skills employers seek. Main findings As they approached the end of their undergraduate courses, over 80% of respondents believed that they have the skills employers are likely to be … Continue reading
Apprenticeship / Dropout / Completion / Australia : The impact of wages and of the likelihood of employment
“Low completion rates of apprenticeships and traineeships have been of concern for many years.” writes Tom Karmel and Peter Mlotkowski in The impact of wages and the likelihood of employment on the probability of completing an apprenticeship or traineeship on ncver.edu.au. In a previous study “Karmel and Mlotkowski examined the impact of wages on the … Continue reading
A Bad Boss / 44% been verbally or even physically abused by a superior (video)
There are only two kinds of bosses: those that support their teams and have a positive overall impact on productivity and those that do not. Unfortunately, a lot of U.S. bosses are just making work harder to do well. Today, nearly one-third of American employees report that they feel underappreciated by their direct supervisors. And … Continue reading
US / College Degrees Matter
How Much Protection Does a College Degree Afford? Past research from Pew’s Economic Mobility Project has shown the power of a college education to both promote upward mobility and prevent downward mobility. In the wake of the Great Recession, however, many have questioned whether the advantageous market situation of college graduates has suffered under the pressure … Continue reading
US / Job Gap / A four million shortfall in employment
According to the last jobs report for 2012, the United States labor market continues to recover at a steady but modest pace despite a global slowdown, Hurricane Sandy and anxieties about future fiscal policy. Private payrolls increased by two million in 2012, and the unemployment rate fell by 0.7 percentage point to 7.8 percent. Over … Continue reading
US / Job openings and hiring need to improve
The November Job Openings and Labor Turnover Survey (JOLTS), released today by the Bureau of Labor Statistics, shows job openings were essentially flat in November, at 3.7 million (up by 11,000). The number of job openings, which had been improving fairly steadily since reaching its low of 2.2 million in July 2009, has stalled in recent months; … Continue reading
Morgan Stanley / 1,600 layoffs to come
The Wall Street investment bank is cutting 1,600 staff, with about half the reductions coming from outside the US. The bank employs several thousand people in the City. Chief executive James Gorman warned late last year that the investment banking industry still had “way too much capacity and compensation is way too high”. The cuts … Continue reading
US / Gunmaker Subsidized to Lure Jobs
Governments in nine states have awarded at least $49 million in subsidies in the past five years to gun and ammunition makers whose products are under scrutiny after last month’s school shooting in Connecticut. Almost 85 percent of those tax breaks or grants have gone to two companies: Olin Corp. (OLN), the Clayton, Missouri-based maker … Continue reading
China / Civil servant jobs: Need a connection ?
“Sixty per cent of new hires by the central government offices come from rural or ordinary urban families,” said Yin Weimin. “They have no background [connections].” Yin said exams were required for all applicants. This showed that the system was fair and equal, he added. But Yin’s comments failed to convince netizens. They responded by … Continue reading
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