Job Market Monitor
older workers
Australia – Workforce gives up and drops out
AUSTRALIANS are dropping out of the workforce at unprecedented rates. Since the end of 2010, Bureau of Statistics figures show, two-thirds of the growth in the adult population has been among people who are neither employed nor unemployed, just sitting on the sidelines. New jobs figures yesterday show that in the past 18 months, the … Continue reading
Demographic Alert: Older Workers Will Soon Exceed Younger Workers in Numbers in US
For the very first time in history, the number of workers over age 55 will surpass the number of workers ages 25 to 34. Since 1990, the number of older workers has been increasing steadily, while the number of younger workers in that specific age cohort has been steadily declining. It’s just a matter of … Continue reading
Report – Too Much to Lose: Understanding and supporting Britain’s older workers
The report Too Much to Lose: Understanding and supporting Britain’s older workers by Matthew Tinsley published on policyexchange.org.uk examines the position of over-50s in the UK labour market. It outlines the large barriers to work that they face and highlights that the majority of these barriers remain unaddressed by government support. It argues that without reforms to address these issues, … Continue reading
Employer Strategies for an aging workforce
There are a number of reasons why employers should ensure that workers over the age of 50 remain actively employed with their organization. Nobody wants to lose good workers, and most in this age group have a wealth of experience within both their industry and their company. Many of them enjoy what they do and … Continue reading
Employers attitudes to older workers are changing along with their desire to remain in the workforce
When the Treasury published its first Intergenerational Report (IGR) in May 2002, it alerted governments to the looming problem of an ageing population. A smaller proportion of the population would be working to support a growing proportion in retirement and relying on government services, notably health care, and income support. It was a fiscal disaster … Continue reading
Unemployment and Older Workers Drive Competition in Labor Market
About 74 percent of Americans say they plan to work past age 65, according to a May study by economists Jay Bryson and Sarah Watt of Wells Fargo Securities LLC in Charlotte, North Carolina. Thirty-nine percent said they need to earn to make ends meet or maintain their lifestyle, and 35 percent wanted to stay … Continue reading
Flexible hours not a help for workers over 45
BUSINESS has warned that a proposal to change the nation’s workplace laws to allow older workers to demand flexible working arrangements could backfire. The Australian Law Reform Commission is examining whether the Fair Work Act should be changed to allow workers aged over 45 to seek flexible arrangements that are now confined to people with … Continue reading
In The News | Work-life Balance, Most Unemployed Have College Experience, RIM Layoffs: Up to 6,000, Germany to Lack 3 Million Skilled Workers by 2025 and Much More
Work-life balance: World’s 20 best cities – Rediff.com Business rediff.com – The biggest challenge for workers across the world is to find a perfect balance between work and life. Long work hours can impact health, jeopardise safety and increase stress among employees, acco… JobMarketMon Number of the Week: Most Unemployed Have College … Continue reading
In The News | Labor Market Mismatch and, Job Cuts Surge 67% in U.S., Teachers Layoffs Continue, Olympus Cuts 2,500 jobs, Benefits Cuts For Seasonal Workers in Canada and NJ and More
Unemployment is a labor market mismatch – Economics – AEI aei.org – After an unexpected upswing at the beginning of this year, the labor market appears to be back in the doldrums again. The month-on-month employment increases of 200,000-240,000 workers in December,… JobMarketMon US May Job Cuts Surge 67% From A Year Ago -Challenger – WSJ.com … Continue reading
In The News | SMEs in Gulf economy, Africa, Skills Gap, Layoffs, Flat U.S. Wages, Sunday papers axed, Improving EI and More
SME role in Gulf economy, jobs growth ‘woefully low’ gulf-times.com – Small and medium enterprises’ (SMEs) contribution to the overall Gulf economy and employment sector is woefully low and need a big push for the region to enhance its economic diversification, the … JobMarketMon Flat U.S. Wages Help Fuel Rebound in Manufacturing – WSJ.com online.wsj.com – Joey … Continue reading
In The News | Cloud computing, Romney’s Bain Record, Layoffs, African Youth, College Grad, Older Workers, and Much More
Cloud computing: 14 million jobs by 2015? smartplanet.com – I’m not Convinced Cloud computing is about efficiency. Cloud computing is about replacing thousands of underutilized server rooms and IT departments with shared facilities with higher utilization r… JobMarketMon Romney’s Bain Record on Job Creation Attacked – Businessweek businessweek.com – President Barack Obama’s re-election campaign attacked Mitt Romney’s … Continue reading
In The News | Baby Boomers and the Unemployment Rate , Skills Gap, EI Changes, Layoffs, Older Workers and Plastic Surgery for a Job and More
Jobs: The number of baby boomers retiring is holding down the unemployment rate – UPI.com upi.com – President Obama can thank baby boomers at least in part for the drop in the U.S. unemployment rate, with the first post-World War II generation hitting retirement age at a rate of 10,000 a day. Une… JobMarketMon Macau labor … Continue reading
Survey | Older Workers are sticking with their jobs because they “want to”
According to the Older Workers & Money Survey released today by Charles Schwab & Co., Inc., more than three-quarters (76 percent) of middle-income Americans who are between the ages of 50 and 69 say they are sticking with their jobs because they “want to” vs. being “stuck” in them because they can’t leave. Moreover, one … Continue reading
UK | Millions of workers force to work past 75
Millions of workers will be forced to work past the age of 75 because they are in the dark on how much they need to save for a comfortable retirement. The Pensions Policy Institute, which carried out the research, said that people were not saving enough, although living longer, volatile stock markets and plunging annuity … Continue reading
Number of long-term unemployed older workers is 5 times greater
During the recession and its aftermath, the number of long-term unemployed older workers more than quintupled, the greatest percentage increase out of all age groups, from 325,000 to 1.8 million. In 2011, more than half of older jobless workers were out of work for at least six months. And 4 in 10 older jobless workers … Continue reading
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