Job Market Monitor
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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
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
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
Canada / 5.3 unemployed per job vacancy, down from 5.7 a year ago
There were 267,000 job vacancies among Canadian businesses in September, up 19,000 from 12 months earlier. For every job vacancy, there were 5.3 unemployed people, down from 5.7 in September 2011. The decline in the ratio of unemployment to job vacancies was all the result of the increase in job vacancies. Ratio highest in the East, lowest in the Prairies Provincially, the highest ratios of unemployed … 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
US / About 29 M employed in offshorable production and services occupations
“Offshoring, also known as offshore outsourcing, is the term that came into use more than a decade ago to describe a practice among companies located in the United States of contracting with businesses beyond U.S. borders to perform services that would otherwise have been provided by in-house employees in white-collar occupations (e.g., computer programmers and … Continue reading
US / Sticking to the job longer
Americans who are lucky enough to have jobs are hanging on to them longer. A new analysis of Census Bureau data shows that median job tenure in 2012 was the highest since at least the early 1980s. The Employment Benefit Research Institute said on Dec. 19 that the median time on the job for American … 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
Ohio / Shale gas development would support 39,000 jobs
The gas and oil industry’s development of Ohio’s Utica shale supported nearly 39,000 jobs in the state in 2012 and generated $1.5 billion in taxes, a new economic study commissioned by the industry estimates. Released Wednesday as part of a multi-state analysis by IHS, Inc., a global market information and analytical company, the study noted … Continue reading
Texas / Half a million jobs added by oil and gas boom
Texas has gained more than 576,000 jobs from the ongoing U.S. oil and natural gas boom, far more than any other state, the IHS CERA analysis group reported Wednesday. The estimate includes both direct hires by oil and gas companies and other jobs in manufacturing and services that contribute to the boom or benefit from … Continue reading
Ireland / Call centre brings 250 jobs
A CALL centre has delivered an early Christmas present of 250 new jobs to an unemployment blackspot. Three former Talk Talk workers, who set up Irish technical support company Eishtec, are expanding their business to a second centre in Drinagh, Co Wexford. The jobs, which are service and technical support roles, are being welcomed in … Continue reading
Canada / Immigrants / Employment increased 4.3% in 2011 while virtually unchanged among core-aged Canadian born
In 2011, employment among landed immigrants in the core working-age group of 25 to 54 increased 4.3% from the previous year. The majority of the growth occurred among established immigrants who had been in the country for more than 10 years. Over the same period, employment among core-aged Canadian born was virtually unchanged. The employment rate of core-aged immigrants in 2011 was 75.6%, compared with 82.9% for … Continue reading
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