Job Market Monitor
Employment
UK / Unemployment rate down 0.2 at 7.8 per cent and the biggest quarterly fall in unemployment since 2001
For August to October 2012: The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.1 on May to July 2012 and up 0.9 on a year earlier. There were 29.60 million people in employment aged 16 and over, up 40,000 on May to July 2012 and up 499,000 on … Continue reading
Skills gap prevents organizations filling STEM positions with diverse candidates
Monster.com® asked Harris Interactive® to conduct research that examines the importance of diversity recruiting in the Science, Technology, Engineering, Mathematical (STEM) professions. “STEM positions are among the fastest growing occupations. Unfortunately, current skills gaps prevent organizations filling STEM positions with diverse candidates” It is widely acknowledged that STEM professions pose a recruiting challenge for many … Continue reading
10 startup hiring challenges
What is one common issue that you have faced with startup hires and how have you rectified the situation? Ten entrepreneurs weigh in: 1. Can’t adapt to startup style 2. How much are you really worth? 3. Alignment adjustment necessary 4. Can you think for yourself? 5. Uncommitted candidates 6. Adopting the startup structure 7. … Continue reading
Gender Wage Gap Grows At Elite B-Schools finds Bloomberg
Exclusive new research from Bloomberg Businessweek has found that the pay gap among graduates of elite business schools, virtually non-existent a decade ago, is widening. Women now earn a nickel less than they used to in their first post-MBA jobs for every dollar earned by men. And those are the lucky ones. At about a … Continue reading
Social Media and Jobs
There’s not a lot of definitive data on the effectiveness of social networks, but what’s there suggests that social media hasn’t been quite the silver bullet solution that many were expecting. One survey found that 71% of respondents had not made a single hire from Twitter and 64% had not made any hires from Facebook. … Continue reading
US / The world’s largest trade deficit kills jobs
Agonizing over U.S. job losses often overlooks a primary cause of the problem: America’s severe trade deficit. Since the 1970s, U.S. imports have exceeded exports every year. “This deficit, now the world’s largest, kills jobs. It urgently needs to be fixed,” write Donald L. Barlett and James B. Steele in their new book, The Betrayal … Continue reading
Manchester Airport City investment / 11,400 Jobs for locals promised
Plans for a £650m project to transform the area around Manchester Airport have been submitted – and bosses have revealed they will train local people to take up some of the 11,400 jobs. Chiefs hope to attract global businesses to the Airport City development, which will also house offices, hotels, retail outlets and leisure facilities. … Continue reading
Reshoring in US / A nascent trend ?
Recent days have produced a steady drip, drip, drip of good tidings about new jobs on America’s factory floors. Apple, Lenovo, LG Chem, and now Daimler AG have all recently said they plan to add manufacturing jobs in the US. President Obama hopes it’s a sign of the times, but economists say it’s, at best, a … Continue reading
Reshoring in UK / China wage hike spurs trend ?
It moved half its production to China to keep costs down, but eight years later one company is bringing production back to Britain. It’s another example of the backshoring trend that has seen many European manufacturers relocate their business back home. Caldeira is a cushion-making business headquartered in Merseyside, Northern England. Since 2004 it has … Continue reading
Canada / Upturn in youth jobs picture
For months on end, the jobs picture among Canadian youth has been either little improved or deteriorating. That shifted Friday, with a report showing 16,300 new jobs were added for the 15-to-24-year-old crowd last month. That was sufficient to bring their unemployment rate down to 14 per cent from 14.7 per cent in October. Employment … Continue reading
US / Women passed men in the number of jobs regained in the recovery
Institute for Women’s Policy Research (IWPR) analysis of the BLS payroll data over the entire course of the recession and recovery shows that in November women passed men in the number of jobs regained in the recovery as a share of jobs lost in the recession. As of November, women have regained 54 percent (1.5 million) … Continue reading
Tennessee / Access America Transport’s expansion will bring 550 jobs
The expansion of a Tennessee-based company will bring 550 jobs to the Volunteer State over the next four years. The state and company officials announced on Monday that Access America Transport will expand its Chattanooga and Knoxville facilities, adding 450 additional jobs in Chattanooga and 100 new jobs at the Knoxville facility. I want to … Continue reading
US / Why the unemployment rate used to be low
Why did the U.S. unemployment rate used to be so low? (and why it can be very low again) asked Regis Barnichon and Andrew Figura (Adapted choosen excerpts by Job Market Monitor to follow) Between 1979 and 2000, the unemployment rate displayed a secular decline of about 2 ppt and reached 3.8% in April 2000, its lowest value in … Continue reading
Latin America: Tremendous social progress – World Bank
Latin America witnessed tremendous social progress during the last decade writes the World Bank in its report The Labor Market Story Behind Latin America’s Transformation (Adapted choosen excerpts by Job Market Monitor to follow). Inequality of (labor and non-labor) income fell substantially, by 5 Gini points on average for 15 LAC countries, and the robust growth that the … Continue reading
China / 31.2 million high-skilled workers, 4.9 million more than at the end of 2009
China’s high-skilled workers reached 31.2 million as of the end of 2011, 4.9 million more than at the end of 2009, according to official data released on Saturday. High-skilled workers accounted for 26.2 percent of China’s 119 million skilled workforce as of the end of 2011, up 1.5 percentage points from the end of 2009, … Continue reading
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