Australia’s jobs market remains a bright spot for the economy. Some may even say it’s the only bright spot. Online job vacancies hit the highest level in nearly seven years last month, suggesting that hiring will remain firm in the months ahead. Australia’s January jobs report will be released on Thursday. It’s expected to be pretty good. If there’s a shining light in the Australian economy right now, it has to be the jobs market. In comparison to other recent data, some may even describe it as the only shining light for the economy. Even the RBA — well known for taking a glass-half-full view on things — acknowledged just how resilient recent jobs data has been in comparison to other indicators. “Members noted the continued improvement in conditions in the labour market and that the labour market data had been stronger than other data on economic activity,” it said at its February monetary policy meeting. “Employment … [Read more...] about If there’s a shining light in the Australian economy right now, it’s the jobs market
Growing job markets
By Suzanne O'Halloran Published February 05, 2019 Jobs FOXBusiness Facebook Twitter Comments Print video Trump: Women have filled 58% of the new US jobs President Trump in his State of the Union address said the thriving U.S. economy has enabled women to fill 58 percent of the new jobs created in the last year. President Trump wants you to know the U.S. jobs recovery is real dubbing it part of the “economic boom” in his 2019 State of the Union address. To his point, in January, a whopping 304,000 jobs were created, blowing past expectations. Continue Reading Below Near record low unemployment and robust hiring in sectors that were long depressed, such as manufacturing, are now part of his economic track record and he detailed as much on Tuesday while noting, “We are just getting started”... FOX Business highlights some excerpts of his address focusing on the job market. Record Low Unemployment is Broad: U.S. … [Read more...] about Trump’s SOTU touts juiced job market
The local jobs market remains “robust” according to new report released today despite ongoing uncertainty around Brexit and the lack of a functioning local Executive and Assembly. The NIJobs.com Jobs Report produced with Ulster Bank is a good barometer for the job market highlighting general trends for both employers and employees across 32 categories. It indicates that the rate of overall employment growth has demonstrated no notable signs of slowing with the annual pace of job creation running at a healthy 2% YoY. As far as vacancies are concerned, the local market ended 2018 the way it began with a strong demand from employers.Roles advertised by companies increased by 15% overall in the last twelve months whilst YoY figures for Q4 (2018) are positive. The big employment winners included construction up 59% and IT up 104% . Record highs were also noted in big data & analytics, science, agriculture, pharmaceutical and food.However, despite that growth, Sam McIlveen, … [Read more...] about Healthy job market despite concerns around Brexit
It is not unusual after the rest and relaxation of Christmas for people to consider their current career path and decide to search for new opportunities. But it’s also important for these prospective jobseekers – and hiring managers – to look back at the previous year, in order to learn about the current state of the market and where the best opportunities lie. It is impossible to reflect on the job market last year without acknowledging the B-word. Uncertainty around Brexit appeared to be creating a fear of “last in, first out”, which in turn meant that employees were less willing to move roles as swiftly as they had in previous years. As a result, employers had to contend with a UK-wide candidate shortage across most disciplines, despite demand for specialist and highly skilled mid-level and senior professionals. Here’s what happened, and how the state of play looks for the year ahead. A good year for industry outside London The UK remained a … [Read more...] about Here’s what happened to the UK professional jobs market in 2018 and what to watch out for in 2019
You don't have to look very hard to see signs showing just how tight the local job market is. In fact, there are literally signs that say so. Help wanted signs outside companies from Lancaster manufacturer PCB Piezotronics and Valu Home Center hardware stores to discount grocer Aldi and local fast food chain Mighty Taco. You see it on billboards, where companies like Moog Inc. and Servotronics Inc. are touting their openings. And even in radio ads from companies like auto insurer GEICO. With unemployment at an 18-year low of 4.1 percent for December and the number of people without jobs at its lowest level for any December in more than 28 years, the hunt for workers is harder than ever for businesses, especially for positions that require more than entry-level skills. "This is the tightest market that I've been in – and I've been doing this for more than 30 years," said Paul Turevon, Moog's global head of talent acquisition. It is the "help wanted" signs that make this job market … [Read more...] about David Robinson: It’s the tightest job market of a generation, but are cracks starting to show?