Job Market Monitor
Employment
India / Stagnant jobs market
Indian jobhunters such as Mohit Goswami and Sujay Kumar Patwari have discovered an alarming peculiarity about India’s briskly expanding economy: it is creating barely any formal employment, and certainly not the 10m or so jobs needed annually to absorb new entrants to the labour force as the population grows. Mr Goswami, 24, an economics graduate, … Continue reading
US / Old (white) boys club still alive and well
The proverbial old boys clubs in elite professions may no longer have rules keeping women and minorities out, but an analysis of their hiring practices suggests their upper-class, male and white makeup will stubbornly remain. According to a new U.S.-based study, bankers, lawyers and management consultants would rather hire someone who is like them than … Continue reading
Malaysia / Women employed or looking for employment under-represented
The number of working age women who are employed or looking for employment is lower in Malaysia compared with other countries with similar income levels, according to a new World Bank report. The report titled “The Malaysia Economic Monitor” noted that Malaysian women are under-represented in certain fields of study such as engineering. “Malaysia has … Continue reading
Canada / Recessions / Many high-seniority workers experienced substantial long-term earnings losses
Most long-term workers who were laid off in the different economic contexts of the early 1990s and the early 2000s managed to find work and earn wages or salaries during the next five consecutive years. However, many experienced earnings losses when they returned to work. The magnitude of losses varied significantly depending on factors such as labour … Continue reading
Canada / Premium on older workers in SME
A large majority of Canadian small- and medium-sized enterprise (SME) owners agree that workers 65 years and older offer more valuable experience and expertise than younger workers, according to new research from Investors Group. According to the Canadian financial firm, 96 per cent of SME owners said retirement-age employees bring more value to the table, … Continue reading
Europe is still not sufficiently skilled writes the European Commission in Pathways towards full employment
“The economic crisis is fuelling a stream of bad news about jobs in Europe.” writes Robert-Jan Smits, Director-General for Research and Innovation, European Commission in the foreword of New skills and jobs in Europe: Pathways towards full employment (Adapted choosen excerpts by Job Market Monitor to follow) People around us are losing their jobs and … Continue reading
France / Over one in ten is out of work, first time in 14 years
The number of unemployed people in France jumped to the highest level for 14 years in October, the French Labour Ministry has announced. Data shows the number of registered job seekers in mainland France rose by 45,400 or 1.5% in October to 3.103 million people, accounting for 10.6% of the population. This is the highest … Continue reading
Canada / Total non-farm payroll employment declined by 52,500
Non-farm payroll employment by sector Total non-farm payroll employment declined by 52,500 from August to September, following six consecutive monthly increases. In September, the number of payroll employees declined in most sectors, with the largest declines in manufacturing; accommodation and food services; administrative and support services; and ‘other services.’ On a year-over-year basis, payroll employment rose by 235,400 (+1.6%), … Continue reading
Community Colleges / Job Retraining Programs: Getting back into the workforce
Community colleges have long played a key role as an entryway to better career opportunities for adults in the workforce. But with the job market more competitive than ever and the unemployment rate stubbornly stuck near 8%, community colleges across the country are launching new initiatives that are more aggressive in helping unemployed Americans find … Continue reading
Canada / Total non-farm payroll employment declined by 52,500
Total non-farm payroll employment declined by 52,500 from August to September, following six consecutive monthly increases. In September, the number of payroll employees declined in most sectors, with the largest declines in manufacturing; accommodation and food services; administrative and support services; and ‘other services.’ On a year-over-year basis, payroll employment rose by 235,400 (+1.6%), with the bulk of these … Continue reading
Malaysia / Minimum Wage / Efforts to smoothen the transition for small and middle industries are seriously lacking
Although the minimum wage law is scheduled to take effect in January 2013, the Barisan Nasional government does not seem to be particularly committed to re-imagine the Malaysian economy through wage policy reform. Efforts to smoothen the transition for small and middle industries are seriously lacking too. Minimum wage is meant to tackle several long-standing … Continue reading
Job Search Tip / Spreading the good word about your search
It is up to you to spread the good word about your search for a new job. And it is common to want to truthfully confess your situation, however, when you do this, it often exposes your emotional baggage and other less-attractive qualities. These are four examples of how to spin your situation from truthful … Continue reading
Europe / Job search network EURES improved
The European Commission decided to improve EURES, the EU job search network in order to increase mobility of workers across Member States and contribute to the establishment of a true European labour market. The new EURES website will facilitate the contact between jobseekers and employers looking for particular skills, focus on sectors and occupations with … Continue reading
Indiana / Iron company to create 100 jobs
An iron-recycling company is investing hundreds of millions to build a new plant in White County, creating 100 new jobs and bringing even greener industry to Indiana. Magnetation, LLC, which recycles iron waste to produce valuable iron ore concentrate, announced plans Tuesday to invest up to $350 million to build a new iron-ore pellet plant … Continue reading
UK / Derby City Council cuts another 350 jobs
A further 350 jobs are to go at Derby City Council, taking the total number of cuts to 1,000 in three years. The cuts have been announced as council bosses said the authority needed to reduce its budget by £63m by 2015. City council leader Paul Bayliss said it was also looking at other ways … Continue reading
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