Job Market Monitor
Youth
US / Young skilled immigrants raise the overall employment of skilled workers in firms study finds
Young workers account for a large portion of such skilled immigrants; for example, 90 percent of H-1B workers are under the age of 40. Given this context, the authors look specifically at the role of young skilled immigrants within more than 300 large employers and major patenting firms over the 1995-2008 period Continue reading
NEETs in UK / 1.07million, a drop of 19,000 says ONS
There were 1.07 million young people (aged from 16 to 24) in the UK who were Not in Education, Employment or Training (NEET), down 19,000 from April to June 2013 and down 28,000 from a year earlier Continue reading
Youth Unemployment in US and all over the place
At their October meeting, assembled European trade leaders got a stern warning from Nobel Peace Prize laureate Aung San Suu Kyi. She told them, “Youth unemployment is a time bomb.” Continue reading
UK / Nestle to create 1,600 jobs for young people
Nestle is hiring almost 2,000 young workers – the BBC hears from one engineer and the firm’s UK boss KitKat maker Nestle has said it will create 1,600 jobs for young people in the UK and Ireland over the next three years. The food giant says it will also create 300 paid work experience placements. … Continue reading
Young in US / Mobility hits 50-year low
U.S. mobility for young adults has fallen to the lowest level in more than 50 years as cash-strapped 20-somethings shun home-buying and refrain from major moves in a weak job market Continue reading
Europe / Euro area unemployment rate at 12.2%, 24.1% for youth
The number of people out of work in the euro zone rose slightly in September, according to official data published on Thursday, showing that signs of renewed economic growth have not yet filtered through to the labor market. (via Jobless Rate in Euro Zone Stays at Record – NYTimes.com.) The Official Release The euro area (EA17) … Continue reading
Youth / 25 Jobs in One Career for Gen Y
At 2.6 years per job, over 50+ years in the workforce, plus several temp assignments and contracts means that Gen Y can expect to hold 20-25 jobs over the course of a career. Continue reading
Millennials in US / The plight of unemployed young people
Currently, over 2 million of those 20-24-years-old are unemployed, with an unemployment rate of 12.9%. For the older half of millennials 25-34, the rate is 7.4% with 2.5 million unemployed Continue reading
Youth in US / Saying ‘no’ to the worforce
A job used to be the next step after a diploma. But now, young people aren’t in any rush to start working Continue reading
Crowding out younger workers ? / Older workers do not squeeze out younger employees research finds
Despite popular belief and media reports, there\’s no evidence that older workers who stay on the job longer squeeze out opportunities for younger employees. That\’s the conclusion of a comprehensive analysis and paper prepared by the Center for Retirement Research (CRR) at Boston College. While there might be some instances of older employees crowding out … Continue reading
After the Recession in US / More seniors and and fewer 18- to 29-year-olds in workforce
As the U.S. economy continues its sluggish recovery from the recession and global economic crisis, more seniors and fewer young adults are in the workforce now compared with 2010 Continue reading
Canada / ‘Young people have been completely betrayed by Canada says Unifor President Jerry Dias
Young people have been completely betrayed by Canada. In August I think about 60,000 jobs were created, but the problem is of course that 70 per cent are precarious jobs, contract jobs, part time jobs. The worst and the most staggering figure that came out of that is that a majority of those jobs were … Continue reading
UK / Middle-class young ‘will fare worse than their parents’ finds Commission
David Cameron’s social mobility and child poverty inquiry to issue grim warning as debt and job fears create ‘perfect storm’ Today’s middle-class children are on track to be the first in more than a century to be materially less well off in adulthood than their parents, a government commission is expected to warn this week. … Continue reading
Youth unemployment around the world – Infographic
The lack of employment opportunities available to youth has become a global issue that could threaten the economic growth of several countries for years Continue reading
China’s Youth / They don’t want to work in factories says Foxconn
Young people across China are increasingly shunning monotonous, low-paid assembly line jobs, leaving Foxconn, the maker of iPhones and iPads, struggling to attract enough workers, according to the electronics manufacturer’s chairman Continue reading
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