GLOBAL JOB MARKET

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Transcript of GLOBAL JOB MARKET

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    Sub Prime Mortgage Crisis in USA

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    The economy is showing signs of recoveryfrom global meltdown around the globe !!

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    Although the economic picture in the USA is decidedlymixed the latest Snapshot suggests a definiteimprovement in the professional and managerial jobsmarket. The percentage of organisations hiring has risento 55% from 43% in April and of those intending to hirein the coming quarter to 56% from 34%. Furthermorefiring levels are down, albeit marginally from 38% to34%.

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    I n the U.S., where a record five million people have

    been out of work for more than six months, all signs point to a slow, recovery and a long period of highunemployment.

    However the Manpower survey does hint at a slow-down in the wave of job losses, with a greater proportionof U.S. employers expecting to keep staff levelsunchanged in the quarter ahead .

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    The highest current hiring levels amongst the largereconomies were in France (54%), UK (50%) Belgium

    (50%) and Germany (46%). The lowest level of hiringwas in Switzerland at 35% of businesses surveyed,reflecting the economy s reliance on the financialsector.

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    It's a similar story across most of Europe, with hiring

    sentiments remaining generally negative but eight outof 10 employers saying they will not reduce staff numbers further

    The highest recruiting levels in this region were inRussia (62%),Czech Republic (60%)

    Poland (53%)Bulgaria (54)

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    E mployers in India and Brazil are leading the way as

    far as recruitment confidence is concerned, withA ustralia, China, Singapore and Canada also showingsigns of recovery.

    I ndia emerged from the survey with a netemployment outlook of 25 (25 per cent moreemployers planning to take on staff than are planningto shed them), closely followed by Brazil with a figure

    of 21.

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    I n China, almost three-quarters of firms said they intendto hire, with hiring levels in India up to 51 per cent from29 per cent in the spring.

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    LO T M ORE TO PUT ..

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    www.wikipedia.org

    http://www.management-issues.com/2009/5/7/research/jobs-woes-unlikely-to-end-anytime-soon.asp

    http://www.management-issues.com/2009/9/8/research/global-jobs-market-shows-signs-of-recovery.asp

    www.guardian.co.uk

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    TH ANKYO U