Job Market Monitor
World Bank
Jordan / World Bank grants $70m loan to ease youth unemployment
The World Bank has granted Jordan $70 million in financing to help it to extend small loans to young people in depressed rural areas that have suffered most from the country’s sluggish economic growth. With almost 40 percent of the country’s seven million population aged under 15, youth unemployment is a particular problem and has … Continue reading
Arab Spring Crisis / About lack of jobs says World Bank Chief
In an interview with RT the World Bank Group President, Jim Yong Kim touched on some key global problems: ending poverty and increasing the private economic sector, fighting global warming and ending the political crisis in Mali. *-* RT:So you are continuing the WB’s mission to fight world poverty, it’s actually a policy that has … Continue reading
World / Absolute Poverty decreases from 44% to 23% over 20 years
What parts of the global income distribution registered the largest gains between 1988 and 2008? As figure below shows, it is indeed among the very top of the income distribution and among the emerging global middle class, which includes more than a third of the world’s population, that we find most significant increases in per … Continue reading
Latin America: Tremendous social progress – World Bank
Latin America witnessed tremendous social progress during the last decade writes the World Bank in its report The Labor Market Story Behind Latin America’s Transformation (Adapted choosen excerpts by Job Market Monitor to follow). Inequality of (labor and non-labor) income fell substantially, by 5 Gini points on average for 15 LAC countries, and the robust growth that the … Continue reading
Kenya / Corruption Costs 250,000 Jobs – New World Bank Report
Corruption accounts for loss of resources enough to create 250,000 jobs in Kenya annually, the World Bank has said. In its latest economic update titled ‘Kenya at Work’, the report says an enterprise survey found out that firms pay up to 12 per cent of value of government contracts to win them and four per … Continue reading
Latin America / The middle class grew 50% in the past decade (video)
. . In the past decade, the middle class in Latin America grew 50%, and now represents 30% of the population. According to the experts, this growth is due to growth and job creation To maintain these gains, the region needs to enact policy reforms within the employment, tax and social security sectors. Ful Report … Continue reading
Weakening labour regulations will stimulate job creation is an unfounded claim says International Trade Union Confederation
The 2013 edition of the World Bank’s Doing Business report, released today, makes unfounded claims that weakening labour regulations will stimulate job creation. It states that countries that reduce dismissal notice periods or severance pay “are addressing one of the main factors deterring employers from creating jobs in the formal sector”. (Doing Business 2013, p … Continue reading
Nigeria – Vocational and Technical Education and The Skills Gap
Lack of technical education translates to an annual loss of almost a billion naira to the economy The lack of skilled manpower in Nigeria is aptly portrayed by the experience of Kazeem Adesina, a youth corps member deployed to a construction firm. “I considered myself lucky because I studied Civil Engineering and was posted to … Continue reading
The world is stuck in a vicious cycle writes Lawrence Summers
If the global economy was in trouble before the annual World Bank and IMF meetings in Tokyo last week, it is hard to believe that it is now smooth sailing. Indeed, apart from the modest stimulus provided to the Japanese economy by all the official visitors and the wealthy financial sector hangers on, it is … Continue reading
India – More hands on offer but not skills
In 2006, a World Bank report on skill development and vocational training in India spelt it out for all – “The relative supply of workers with technical/vocational skills has declined. This may be due to the fact that workers with technical/vocational qualifications do not have the skills that meet the labour market needs – often … Continue reading
Liberia – Economic Gains Not Reaching Poors
Despite Liberia’s significant gains over the last decade, the benefits of the growth have not reached the country’s poorest and most vulnerable citizens, says World Bank Country Manager, Madam Inguna Dobraja. Even with robust economic growth, Liberia cannot fully address the needs of vulnerable people without a clear, comprehensive social protection intervention, she said. The … Continue reading
Migrants cash remittances have grown faster despite the world financial crisis
Cash remittances sent home by migrants, a major part of developing world revenue, have grown faster than expected despite the world financial crisis, the World Bank said Tuesday. In an update to its annual report on remittance flows, the development lender said recorded transfers increased by 12.1 per cent last year to $372 billion and … Continue reading
ILO and World Bank report on government actions against the Great Recession
The International Labour Organization and the World Bank released a joint report and new online data tool with the first comprehensive stocktaking of countries’ jobs-related policy responses to the recent global financial and economic crisis. A follow-up to a request from leaders at the 2009 G20 Pittsburgh Summit, the report, Inventory of Policy Responses to … Continue reading
The ‘New Structural Economics’
“I believe that every developing country, including those in Sub-Saharan Africa, can grow at 8 percent or more continuously for several decades, significantly reducing poverty and becoming middle- or even high-income countries in the span of one or two generations, if its government has the right policy framework to facilitate the private sector’s development along … Continue reading
Africa | Young and unemployed: A time-bomb
The highest percentage of the unemployed masses is youths. According to the Africa Development Indicators report released by the World Bank, youth unemployment is at 83 percent in Uganda. About 256,700 youths can’t find jobs every year in Uganda. Sacrifices made behind the scenes Many parents have paid the price. In the past, most felt … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 