Job Market Monitor
Employment
India / IT and Education Top the List of Job Creating Sectors
Amidst global financial crisis and sluggish economic growth that hampered the growth and employment opportunities in the country, there were few sunshine sectors that created huge job opportunities. Here is a list of such sunshine sectors in India that created new job opportunities in the year 2012, as reported by Anumeha Chaturvedi and Shreya Biswas on The … Continue reading
Indonesia / Layoffs in Drop ?
Cases of layoffs in Indonesia dropped nearly 60 percent in 2012 from a year earlier, pointing to improved businesses and labor relationships, said the Minister of Manpower and Transmigration. Minister Muhaimin Iskandar said last year there were 1,916 cases of layoffs involving 7,465 workers — a significant decrease from the 3,875 cases of layoffs involving … Continue reading
US / 2013 job market for College graduates, construction workers and Government workers
Amid another blah year, a few workers that bore the brunt of the Great Recession stand to gain in 2013. Here are three: College graduates Congrats class of 2013! You have a better chance landing your dream job than the poor grads before you working as baristas. The years following the Great Recession hit workers … Continue reading
Germany 2012: Record number of jobs and unemployment down
THE number of people in Germany who have a job rose to a record high last year, even though growth momentum is slowing as the eurozone debt crisis hits the German labour market. The number of people in work in Germany increased by 416,000 or 1.0 per cent to an annual average 41.5 million last … Continue reading
Oman / Government to create 20,000 jobs
Oman will continue spending heavily on job creation for its citizens this year, Finance Minister Darwish al-Balushi said on Wednesday at a news conference on the 2013 budget. “Last year we created 36,000 jobs for Omanis by spending 300 million rials ($780 million),” he said. “This year we will create 56,000 jobs, of which 20,000 … Continue reading
India / Factory Jobs up by 7.8%, wages by 18.1% in 2010-11: Survey – The Economic Times
The number of jobs in industries increased by 7.8 per cent while wages rose by 18.1 per cent in real terms in 2010-11, a government survey has said. Total persons engaged in different industries were 1.27 crore in 2010-11 compared to 1.17 crore in 2009-10, according to the Annual Industries Survey released by the Ministry … Continue reading
Cuba / State payroll cut as number of private-sector jobs rises
Cuba’s drive to slash state payrolls and spur private-sector growth picked up surprising steam in 2012 as President Raul Castro moved ahead with reforms to the Soviet-style economy, according to figures unveiled recently with little hoopla. The number of private or “non state” workers rose 23 per cent in 2012, while state sector employment dropped … Continue reading
India / Over a million jobs in India will be created in 2013, reversing the Brain Drain
Many new jobs are expected to open up in India in the coming year, offering opportunities to home-sick Indian expats who long for a job back home. Ushering in 2013, estimates show that the country may see more than a million jobs being created over the course of the next 12 months. The country suffered … Continue reading
France / Hollande Jobs Pledge Undermined
The French economy grew less than initially reported in the third quarter, signaling a recovery that may be too weak to help President Francois Hollande’s government reduce unemployment that’s at a 15-year high. Gross domestic product rose 0.1 percent, half the pace estimated on Nov. 15, statistics institute Insee in Paris said today. Data late … Continue reading
Lincoln Electric, Cleveland / Profit-Sharing and No Layoffs for 64 Years
Economics correspondent Paul Solman revisits Lincoln Electric, a welding manufacturing company based outside Cleveland, Ohio. Through its use of merit-based profit-sharing and a no-layoff policy, the firm is an unlikely Rust Belt success story that hasn’t laid off anyone for financial reasons since World War II. PAUL SOLMAN: A bright light in Rust Belt America: … Continue reading
Montana / Oil boom affecting educational choices of young people
The energy boom unfolding in the northern Plains states, centered in North Dakota, is quickly spilling over into Montana. It’s a big reason the U.S. is now forecast to be the world’s biggest oil producer within a decade. Not surprisingly, the boom is affecting the economic and educational choices of young people. Reporter Jack Healy is … Continue reading
The ‘Right to Work’ From The Right: A Race-To-The-Bottom Policies
Michigan Republicans are pushing low wages, claiming that “right-to-work” laws will “attract businesses.” Conservatives argue that strong unions cost jobs and anti-union “right-to-work” laws will bring jobs, because companies will move to places where workers are less able to fight for good pay and benefits… Right-to-work laws have not succeeded in boosting employment growth in … Continue reading
China / Tighter regulation on temporary workers conditions
China amended its labor law on Friday to ensure that workers hired through contracting agents are offered the same conditions as full employees, a move meant to tighten a loophole used by many employers to maintain flexible staffing. Contracting agencies have taken off since China implemented the Labor Contract Law in 2008, which stipulates employers … Continue reading
US / Twice the time to get a job than before
During the recession that began in December 2007 and ended in June 2009, millions of employed individuals lost their jobs and the ranks of the unemployed nearly doubled. In the aftermath, the number of jobless who were unemployed for 27 weeks or more continued to rise for about a year until early 2010, when it began to level off. In 2007, … Continue reading
US / Private sector workers outnumbered by people supported by govn’t in 11 states
In 11 states, private sector workers are outnumbered by people who are dependent on the government, including state workers and those who are receiving welfare or pension. The list: New Mexico 1,53 Mississippi 1,49 California 1,39 Alabama 1,10 New York 1,07 Maine 1,07 South Carolina 1,06 Kentucky 1,05 Illinois 1,03 Hawaii 1,02 Ohio 1,00 Adapted … Continue reading
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