Job Market Monitor
Labour Economics
What Employers Want from the Long-Term Unemployed – Brent Rasmussen – Harvard Business Review
We often hear from job seekers: “If I have the necessary skills and experience, why am I not hearing back from more companies?” It’s a fair question, especially for the more than five million workers who’ve been unemployed for six months or longer (more than 40 percent of all unemployed job seekers). Struggling to get … Continue reading
ADP | Businesses add jobs
Businesses added more than 200,000 jobs in March, giving fresh evidence of recovery in the labor market, data showed on Wednesday. The ADP National Employment Report showed the private sector added 209,000 positions last month, slightly above economists’ expectations for a gain of 200,000 jobs. Analysts said it did not change their forecasts for the … Continue reading
Gallup | Job market conditions in March: best level since August 2008
U.S. job market conditions in March reached their best level since August 2008, with Gallup’s Job Creation Index now at +18, up from +14 in February. This four-percentage-point increase is the largest one-month jump in the index that Gallup has recorded since instituting the measure in 2008. Source: Source: Read more @ Hiring at U.S. Workplaces … Continue reading
India | Robust hiring activities and 12% pay hike
Indicating a robust uptrend in the job market, a survey today said that 84 per cent of companies in India will ramp up their hiring activities this year and employees can look forward to an average pay hike of more than 12 per cent across most of the sectors. According to the survey conducted by … Continue reading
Unemployment Rate | Where is it going ?
Unemployment rate: How low can it go? The unemployment rate has fallen dramatically over the last six months, but just how low can it go? The answer is being debated among two camps of prominent economic thinkers. One school of thought says that unemployment will return to around 5% as the economy eventually recovers. But … Continue reading
U.S. | Job Market Improving | Quits increase and the number of unemployed per job opening falls
“Quits tend to rise when there is a perception that jobs are available and tend to fall when there is a perception that jobs are scarce” writes BLS. The good news, they are rising. Moreover, the number of unemployed persons per job opening is decreasing. The number of quits has exceeded the number of layoffs and discharges … Continue reading
Market Economy | The labor market has been creating much more inequality over the last thirty years
“The labor market has been creating much more inequality over the last thirty years, with the very top earners capturing a large fraction of macroeconomic productivity gains. A number of factors may help explain this increase in inequality, not only underlying technological changes but also the retreat of institutions developed during the New Deal and World War II – … Continue reading
Germany | The roots of the German miracle – apprenticeship – is not the only factor
In a provocative paper, Hermann Gartner[i] and Christian Merkl[ii] attribute the so-called German miracle to its “wage moderation” that was the result of labour-market policies in the years preceding the global crisis – a point that is often ignored in the public debate. It could well be that apprenticeship is not the only factor. “While the US … Continue reading
German unemployment lowest in 20 years
The positive development in the labour market continued at the beginning of 2012. As reported by the Federal Statistical Office (Destatis), the number of persons in employment living in Germany totalled 41.06 million in January 2012. This was the first time in any January that the number of persons in employment exceeded the 41 million … Continue reading
Brand-New Jobs Site HireSmartz.com Connects Job Seekers to Open Positions
As the face of the U.S. job market continues to evolve, skilled workers struggle to find attractive openings while companies report a lack of qualified applicants for key positions. To bridge this gap, HireSmartz.com, a brand-new job search portal, provides free search options for job seekers and affordable postings for companies of all sizes. Job … Continue reading
More and better jobs in Bangladesh
Accelerating growth in Bangladesh’s per capita income has added nearly 1.2 million new jobs every year and improved job quality between 2000 and 2010. Wage workers have seen their wages — adjusted for price increases — rise by nearly 2 percent a year. Poverty rates among the self-employed have fallen. The quality of jobs, as … Continue reading
Analysis: U.S. factory jobs rebound seen destined to fizzle – chicagotribune.com
U.S. manufacturers are hiring at the fastest pace in more than a decade to keep up with new orders but sweeping technological advances could cost thousands of factory workers their jobs in years to come. At a new factory in upstate New York, which is due to churn out its first computer chips this year, … Continue reading
Mismatch shocks and the natural rate of unemployment
The authors estimate a DSGE model that features nominal rigidities and search frictions in the labor market. They evaluate the importance of mismatch shocks in accounting for the recent behavior of the Beveridge curve. Their fndings suggest that the rise in the unemployment rate during the Great Recession is mainly due to cyclical factors rather than to an increase in … Continue reading
Which skills do count when you are unemployed and looking for work ?
There are two groups of skills that make a difference if you’re looking for work : Your search skills Your own skills, your competencies.
Labour Market Changes | UK : a summary of the main trends
The National Guidance Research Forum (NGRF) website, launched in 2004 for careers guidance practitioners and researchers as a collaborative project between the Warwick Institute for Employment Research (IER), University of Warwick, the International Centre for Guidance Studies, University of Derby and KnowNet, a specialist software company, has posted a summary of the main trends for … Continue reading
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