Employers opting for more experience as 40,000 youngsters get squeezed out
Old people have displaced more than 40,000 teenagers from jobs in the past five years as more choose to stay on in the workforce and employers shun youth for experience.Link (submitted by Trent)
The outlook for jobs in Germany is buoyant, despite a struggling economy, new statistics revealed Thursday show. The number of Germans in work rose once again in February.
"The German economy is currently experiencing a period of weakness, but the labour market remains unfazed by this," the head of the Federal Labour Agency, Frank Weise, said.
Recent data showed that the German economy, the biggest in Europe, contracted by 0.2 percent in the fourth quarter of 2011 and the latest output and orders data suggest little improvement can be expected in the first quarter, Weise said.Link (submitted by Japhet)
The latest research into the retail sector reveals that 118,000 jobs will be lost across the sector in the next three years.
ABC1's 7.30 has obtained the figures from a six-month inquiry led by accounting giant Ernst and Young for the National Retail Association.
The research shows many of the sales will be lost to online retailers and 33,000 of the job losses will come from the Federal Government's refusal to close a GST loophole for imported goods bought online.Link (submitted by Jason)
