Job Market Monitor
Employment
Fiscal Cliff / The Impact on American Jobs
As the year draws to a close, policymakers and the media have their sights fixed on the “fiscal cliff,” the federally mandated set of cuts in spending and increases in taxes scheduled to go into effect at the beginning of 2013. Most economic observers agree that, unchecked, this precipitous drop in government expenditures and spike … Continue reading
Europe / Young Professionals Brain Drain
Tiago Lambuca left Portugal to search for work here as an architect, but the decision to emigrate was about more than earning a wage. “You can find work in Portugal . . . but nothing that offers a career,” the 29-year-old said as he sipped juice in an open-air cafe in the shadow of Sao Paulo’s art … Continue reading
US Job Market / The Year 2012 in Review: Improving at a steady slow pace
Employment continued to improve modestly, unemployment edged down, and wage gains were approximately equal to price inflation in 2012. By the end of the year the recovery from the deep recession in 2008-2009 will be 3½ years old. The health of the job market, like that of the broader economy, is improving at a steady … Continue reading
US / 86% of workers will actively look for a new position in 2013
For the fourth year in a row most workers are expressing their intention to seek new employment elsewhere, according to a new poll of more than 700 U.S. employees by Right Management, the talent and career management expert within ManpowerGroup. Eighty-six percent of the employees polled said they plan to actively look for a new … Continue reading
Best Wishes / A Job For Christmas That Pays
Dear Father Christmas, When I wake up on Christmas morning I will not be looking for any packages under the tree. All I want for Christmas is a job that pays. I value my future more than any gift tied up with paper and ribbon. But is it wrong that I want to feel valued … Continue reading
India / Job creation down by 21% in 2012
Job generation during 2012 saw a 21 per cent decline across various sectors of the economy between January and mid-December, according to an Assocham analysis. “A total of over 5.3 lakh jobs were generated during the aforesaid period across India i.e. over 2.8 lakh jobs in first half of the year and over 2.4 lakh … Continue reading
China / Only 30 per cent of university students felt they would be able to find work
Employment prospects are looking increasingly grim amongst many “post-80s and 90s” university graduates and students across the country according to a recent report by the Chinese Academy of Social Sciences. The CASS Blue Book of China’s Society revealed that only 76 per cent of 2012 graduates had been able to find jobs, Caijing reported on Monday. … Continue reading
UK / Vion – Poultry and Meat / 9,000 jobs could be saved
AROUND 9,000 jobs across Britain could be saved as Leeds-based private equity firm Endless closes in on deals to buy poultry and red meat businesses from their Dutch owner. Vion is exiting the UK to concentrate on its core activities in Netherlands and Germany and has put its £1.8bn business up for sale. Endless has … Continue reading
Zimbabwe / Is it possible to create a million jobs in five years ?
There have been debates and comments in the past weeks on whether it is possible to create a million jobs in Zimbabwe over the next five years. Many economists and analysts interviewed by the various media say it is a dream. In other words, it is impossible. When Marconi told people that he was developing … Continue reading
Skills Gap / Incubator: a possible solution to skilled workers shortage
The skilled manufacturing industry needs to take a page from the local high-tech sector and open a business incubator to help train and retain talent in the region. That’s according to the president of the Conestoga Institute of Technology and Advanced Learning, who spoke to a group of manufacturing industry experts and regional representatives last … Continue reading
UK Defence / BAE safeguards 6,000 jobs with Oman military jet deal
BAE Systems has secured a boost for British manufacturing and safeguarded 6,000 jobs after agreeing a £2.5bn contract with Oman for Typhoon and Hawk military aircraft. Britain’s largest defence contractor and manufacturing employer is targeting growth markets such as the Middle East as part of a strategic imperative that has become even more urgent in … Continue reading
Scotland / Statoil to create 700 jobs in North Sea development
Statoil is to invest £4.3bn in a North Sea oil field, bringing hundreds of jobs to the north east of Scotland. The Norwegian company said the investment in the Mariner field was the largest new offshore development in the UK in more than a decade. Statoil expects to start production from Mariner in 2017, pending … Continue reading
Government can create only government jobs
During the election campaign the need for jobs got attention, but neither candidate took the trouble to explain how, exactly, jobs are created. Contrary to what politicians claim, jobs start not with government but investors. In the wake of election rhetoric, the realities of investment need restating. Investors are people in a position to invest … Continue reading
Sandy / Nearly 30,000 Jobs Lost says NYLD
Hurricane Sandy wiped out nearly 30,000 jobs in and around New York City last month, the New York State Labor Department said on Thursday. The impact of the storm on small businesses and larger companies whose offices could not reopen for weeks afterward left New York City and the state with fewer jobs in November … Continue reading
Hong Kong / More Financial jobs than New York or London by 2016
CEBR, the London-based economics consultancy, recently forecast Hong Kong will have more financial services jobs than New York or London by 2016, with some 262,000 positions. The Institute of Chartered Accountants in England and Wales (ICAEW) also gives its endorsement, saying Hong Kong will be the world’s premier financial job center by 2017, with 275,000 … Continue reading
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