Job Market Monitor
public sector
Canada / Ottawa Region / ‘Hangover’ from government layoffs spills beyond public sector
The negative impact of government downsizing on employee engagement is seeping beyond federal offices and into workplaces across the National Capital Region, according to a local management expert. Jaime McGillivray, a Gatineau-based director with the Canadian Management Centre, said many local residents know a friend, family member or neighbour affected by government cutbacks. The perceived … Continue reading
Greece / IMF apologizes for asking to sack 22,000 people by mistake
The IMF has apologized for a mistaken email demanding Greece dismisses thousands more civil servants than the earlier agreed lay off of 27,000 employees. The letter spurred concerns in the government that more layoffs will be demanded. The email arrived at the Greek Ministry of Finance from the IMF Representative in Athens Bob Traa before … Continue reading
UK Public Sector / 70% of hiring managers saying a lack of new talent is hindering efficiency
Over 1.5m public sector job vacancies will need to be filled by 2017, but ‘poor perception’ is presenting a key barrier to attracting new recruits, according to new research. Bridging the Gap: Developing a framework to attract new talent into the Public Sector – published by the Centre for Economics and Business Research (CEBR) and … Continue reading
(UPDATE) Greece – No to additional 22,000 layoffs asked by IMF
Greece / Rejecting IMF demand for 22,000 extra layoffs Greece has rejected a last-minute IMF demand for thousands of additional civil service layoffs, a finance ministry source said on Tuesday ahead of a crucial eurozone meeting to debate loan relief for Athens. The global lender on Monday called for 22,000 extra job cuts by 2014 … Continue reading
Greece – Rumors that the country’s troika of foreign lenders had called for an additional 22,000 layoffs
Government sources on Monday refuted reports that the country’s troika of foreign lenders had called for an additional 22,000 layoffs in the public sector next year even as municipal employees continued sitins at hundreds of city halls and municipal services across the country to protest their inclusion in a fast-track scheme to redundancy. The demand … Continue reading
Spain – 60,000 More Public Employees Than in 2007
The number of public employees in September stood at a total of 2.99 million, thus lowering the threshold of 3 million for the first time since the third quarter of 2008. Nevertheless, the Spanish public sector still has to this day with more than 59,800 employees at the beginning of the crisis, as in the … Continue reading
The Big Job Gap
” The recovery is real, but it’s still really far from the recovery we need” writes Matthew O’Brien in The Scariest Jobs Chart, Private Sector Edition. (Choosen excerpts by JMM to follow) That’s been the consistent message of the past three years, with consistent job growth that hasn’t been near enough to end our jobs crisis much … Continue reading
Public sector jobs crowding out private jobs – Sheer mystical gobbledygook writes Krugman
Both Dean Baker and Josh Bivens weigh in Robert Samuelson’s outburst at the New York Times for saying that the government can too create jobs. (He went so far as to call it “flat-earth” thinking). Sadly, Samuelson’s attitude is widely shared — even, at least rhetorically, by Barack Obama. So let me not focus on … Continue reading
China – Graduates eye government jobs
Cao Bin’s dream job in China’s officialdom befits anything but the popular image of a tea-drinking bureaucrat reading newspapers in an air-conditioned office, or dozing off at long meetings. Instead, the postgraduate at China Foreign Affairs University has applied for a position with the China Earthquake Administration. If successful, the job will catapult him into … Continue reading
UK – Slowdown in public sector job cuts
Number of civil servants declined by 5,000 in quarter, and number of health workers is higher than three years ago Government plans to cut the public sector payroll appear to be faltering, as official figures revealed a sharp slowdown in job cuts across Whitehall and local government over the summer. The number of civil servants … Continue reading
Fiscal policy, at both the federal and state and local levels: headwinds for unemployment reduction says Bernanke
The accommodative monetary policies I have reviewed today, both traditional and nontraditional, have provided important support to the economic recovery while helping to maintain price stability… Notwithstanding these positive signs, the economic situation is obviously far from satisfactory… Further, the rate of improvement in the labor market has been painfully slow. I have noted on … Continue reading
Australia – Queensland – Job Cuts ‘probably lower than 15,000’
The total number of jobs to be cut from Queensland’s public sector is likely to be lower than 15,000, Premier Campbell Newman says. In the lead up to next month’s budget, Mr Newman and senior ministers have repeatedly said they were aiming to keep the number of lost jobs below 20,000. Mr Newman, who yesterday … Continue reading
Wisconsin – Total job growth was just 1.1 percent because of government job losses
Another report also released Thursday by Walker’s Department of Workforce Development showed the state lost 6,000 private sector jobs in July and the unemployment rate increased from 7 percent to 7.3 percent. The divergent reports are derived from different surveys covering different periods of time. The quarterly report, covering January through March, is based on … Continue reading
Private sector job recovery stronger than that of early 2000 and at par with that of early 90s
The U.S. economy is working its way back from the Great Recession. One indication has been that unemployment insurance claims have steadily fallen since September and they are now at the same level as in March of 2008. Additionally, layoffs are at the same level as in 2006. We also recently learned that the ratio … Continue reading
Road Map to More Jobs
How different would conditions be today economically and politically if unemployment were 7 percent instead of its current 8.2 percent? For one thing, some two million unemployed workers would have jobs, and the rate of economic growth would be comfortably above 2 percent, instead of below that pace. This scenario could have been possible if … Continue reading
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