Older Japanese workers seek new jobs as lifetime employment wanes (Nikkei Asia)

The number of older Japanese workers seeking a new job has increased significantly in recent years, underscoring the country's shift from its traditional lifetime employment model, reports Nikkei Asia, citing data from the Ministry of Internal Affairs and Communications. In the first three months of...

Swiss and Indonesian governments sign labour cooperation agreement

The Indonesian and Swiss governments announced an agreement to strengthen cooperation in employment programmes, decent work and trade unions.

The agreement, which was made via an amendment to a memorandum of understanding (MoU) renewal, includes tripartite cooperation and potential collaboration between...

Online hiring in India records a 7% fall in May owing to seasonal and market conditions

E-recruitment in India saw a 7% drop in hiring activity in May 2023 compared to May 2022, according to the latest foundit Insights Tracker.

Month-on-month showed a smaller dip of 4%. The Tracker cited seasonality and market conditions for the deceleration in hiring activity.

By industry, 9 of the 27 monitored...

Hong Kong’s unemployment rate lowers to 3.0% as labour market continues improvement

Hong Kong’s seasonally adjusted unemployment rate in stood at 3.0% in the period from March  – May 2023, down from 5.1% during the same period a year ago, according to the latest labour force statistics published by the Census and Statistics Department.

When compared to the previous three-month...

Outsourcing hubs like India to bag 40% of jobs lost to layoffs, staffing firms say (The Economic Times)

Between 30%-40% of more than 300,000 technology jobs lost to layoffs globally could move to outsourcing hubs like India in the coming months, reports The Economic Times, citing staffing firms. A lot of these jobs are likely to be redistributed across the existing workforce of large tech companies in...

Australia-based Go2 Group completes deal with IntoWork Australia following voluntary administration

Go2 People Ltd. (GO2:ASX), the Australia-based provider of vertically integrated recruitment and training services, announced that its administrators have confirmed that the Deeds of Company Arrangement were completed with control passing to IntoWork effective from 15 June, with the exception of...

Job ads in Australia tumble 22% annually in May, but fall only slightly on monthly basis

Job ads in Australia slid by 22.0% year-over-year in May 2023, according to the latest Seek Employment Report.

The Australian job board’s report also showed that on a monthly basis, job ads decreased by 0.6%. This was the fourth consecutive monthly fall.

At the same time, applications per job ad rose...

Total Q1 employment in Singapore rises as labour market continues growth

Singapore’s labour market continued to grow in the first quarter of 2023 when compared to the prior quarter. Total employment expanded for the sixth consecutive quarter, according to data from the Ministry of Manpower Singapore.

Total employment (excluding Migrant Domestic Workers) expanded by 33,000...

G20 GDP growth accelerates in Q1 2023 with quarterly growth led by China and India

Gross domestic product (GDP) in the G20 area grew by 0.9% quarter-on-quarter in the first quarter of 2023 according to provisional estimates from the Organisation for Cooperation and Development, up from 0.4% in the previous quarter.

When compared to Q1 2022, GDP grew even higher (2.7%). The highest growth...

Australia’s seasonally adjusted unemployment rate improves to 3.6% in May

Australia’s seasonally adjusted unemployment rate fell 0.4% to 3.6% in May when compared to the same period last year, according to the latest data from the Australian Bureau of Statistics.

On a monthly basis, the seasonally adjusted unemployment rate fell by 0.1%.

In May 2023, the number of unemployed...