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Australia – Annual living expenses for workers reach all-time high, outpacing inflation

5 May 2023

Annual living expenses for working Australians have reached an all-time high and record-high mortgage interest rates were mostly to blame, according to the latest data from the Australian Bureau of Statistics.

The report showed that all annual living cost indices have risen between 7.1% to 9.6%, exceeding...


Taiwan – Cabinet approves youth employment programme (Focus Taiwan)

5 May 2023

Taiwan’s Cabinet yesterday approved the second phase of a cross-agency youth employment program, under which TWD 16 billion (USD 521.8 million) will be earmarked to help 800,000 young people obtain jobs over the next four years in industries experiencing labour shortage, reports Focus Taiwan. The second...


India – Ciel Group revenue up 57% in FY 23, plans to raise up to $24.5 million in FY 2023-24 for acquisitions

4 May 2023

Ciel Group, a staffing firm based in India, report revenue of INR 8.15 billion (USD 99.8 million) for the full year 2022-2023, up 57% on the INR 5.20 billion (USD 63.7 million) recorded in FY 2021-2022.

According to Ciel Group executive chairperson K Pandiarajan, the group also reported EBITDA growth...


Australia – Job ads down 5.4% in April as labour market tightness continues

4 May 2023

Job advertisements in Australia fell by 5.4% year-on-year in April 2023 on a seasonally adjusted basis, according to ANZ-Indeed Job Ads data published on ANZ Bank.

When compared to the previous month, job ads fell 0.3% in April 2023. ANZ Bank noted that the figure is only 0.8% below the recent peak in...


Australia – Ageism keeping older people out of the workforce, study finds

4 May 2023

Ageism is blocking older people in Australia from the workforce, according to survey findings by the Australian HR Institute and the Australian Human Rights Commission of HR professionals about attitudes to older workers.

The survey found one in six organisations will not consider hiring people aged 65...


China – Digital talent gap widens amid push for smart sectors (South China Morning Post)

4 May 2023

China’s digital talent shortage is worsening as demand grows amid deepening economic restructuring, reports the South China Morning Post, citing studies by Zhaopin, Deloitte and Renrui HR. According to Zhaopin, smart manufacturing sector job listings rose by about 54% in 2022 from the previous year...


World – Global labour market to shed 14 million jobs in the next five years: World Economic Forum

3 May 2023

Employers globally anticipate a structural labour market churn of 23% of jobs in the next five years with an expected structural job growth of 69 million jobs and a decline of 83 million jobs. This corresponds to a net decrease of 14 million jobs, or 2% of current employment, according to the World Economic...


Singapore – Layoffs on the rise but unemployment remains low in Q1

3 May 2023

While Singapore’s employment grew for the sixth consecutive quarter and unemployment rates remaining low, the number of layoffs continued to rise in the first quarter of 2023, the Ministry of Manpower reported Friday.

Overall, the Ministry said its advance estimates showed that the labour market continued...


New Zealand – Seasonally adjusted unemployment rate edges up to 3.4% in March quarter

3 May 2023

New Zealand’s seasonally adjusted unemployment rate edged up to 3.4% in the March 2023 quarter up from 3.2% in the same period a year ago, according to research from Statistics New Zealand.

When compared to the previous quarter (December 2022 quarter) the unemployment rate was unchanged.

The underutilisation...


Japan – Job-to-applicant ratio for university graduates in Japan returning to pre-pandemic levels

3 May 2023

The outlook for hiring fresh college graduates in Japan is on the upswing and returning to pre-pandemic levels, according to a survey from research giant Recruit Works Institute, part of Japanese staffing giant Recruit Holdings.

The job-to-applicants ratio for undergraduate and graduate students scheduled...