Nearly 150 people have taken advantage of a government scheme which offers financial assistance of up to $9,000 to relocate for work, with most staying in their home state.

Since 1 July this year, 145 people have accessed the “relocation assistance to take up a job” program which offers people who have been unemployed and on benefits for at least 12 months help with moving costs if they go to an eligible area.

The assistant minister for employment, Luke Hartsuyker, said almost half of the people take up the assistance offer had been unemployed for more than two years.

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Oct/14

24

UK: Lloyds To Cut Around 9,000 Jobs

Lloyds plans to cut around 9,000 jobs, roughly a tenth of its entire workforce, over the next three years as the taxpayer-backed bank’s staff are replaced by digital technology.

The bank has already reduced staff numbers by tens of thousands since the financial crisis and is planning to announce further losses next week as it unveils details of a new three-year plan devised by chief executive Antonio Horta-Osorio.

Lloyds, 25pc owned by the taxpayer, is investing billions on mobile and online banking, and automating services such as account opening, and is planning to shut branches as consumers move to banking via computers and smartphones.

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Oct/14

24

SCO: Youth Unemployment At Six-Year Low

The number of young people who are out of work is at its lowest level for six years, official figures have revealed.

New data from the Office for National Statistics shows 72,000 16 to 24-year-olds were unemployed in the period June to August this year – a drop of 29,000 over the year and the lowest level recorded since 2008.

First Minister Alex Salmond said the statistics show Scotland “remains among the top 10 best performing countries in the European Union for youth unemployment”.

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The Government is wasting no time in attempting to lure skilled New Zealanders back home, announcing the first of its planned international job fairs to take place in the next month.

In a speech laying out his third term agenda yesterday, Prime Minister John Key said the Government was poised to hold a series of fairs across the Tasman to woo Kiwi expats amid a skills shortage.

The Ministry of Business, Innovation and Employment (MBIE) would host the first two expos in Perth and Sydney late November, with two more following in Melbourne and Brisbane early next year.

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The Government is planning a series of job fairs in Australia to recruit skilled expatriate New Zealanders.

Minister for Skills and Employment Steven Joyce said the fairs would be held in Sydney, Melbourne and Brisbane to help employers find staff.

Mr Joyce said work would be offered in areas where there were skill shortages.

“We have some emerging skill shortages in the New Zealand economy and yes, we’re training lots of people in ICT and engineering, but actually some of these companies are very fast-growing and they need more opportunities,’ he said.

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Information technology professionals are in hot demand, with many New Zealand companies struggling to fill jobs.

Tech graduate Nick Johnstone’s focus for the past three months has been on creating computer games.

“It’s a training thing. Games have all the tricky bits you need to be a good developer,” says Mr Johnstone.

It’s a dream job, one of five he was offered after graduating. He says first timers can expect to earn about $50,000.

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Starting pay for new recruits has been rising strongly, according to the latest data on Scotland’s labour market.

It found that the numbers available for work had been falling while employers took on more staff.

The Bank of Scotland survey for September saw weaker growth than in the previous three months.

The number of vacancies grew, but at the slowest pace for 11 months.

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Billionaire Perth-based businessman Kerry Stokes says economic conditions in his home state are the worst in nearly 25 years.

Mr Stokes, who was speaking after the launch of his authorised biography attended by a who’s who of Perth business on Monday, also backed the controversial strategy by the world’s two biggest miners to ramp up iron ore production.

​Glencore, Fortescue Metals Group and West Australian premier Colin Barnett have blamed BHP Billiton and Rio Tinto ​for pushing down already weak iron ore prices by ​boosting production.​

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Targeted action to revitalise domestic supply chains could inject £30bn into the economy and create more than half a million jobs across the UK, according to the Confederation of British Industry (CBI).

Its report ‘Pulling Together’, based on research conducted by global management consultancy firm AT Kearney, highlighted an underinvestment in research and development (R&D), a growing skills crisis and weakened foundation industries that are key to advanced manufacturing – such as plastics, metals and chemicals.

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Oct/14

21

NZ: Migration Boom Hits New High

The migration boom has hit a new high, with a net gain of 45,500 people in the September year, new figures show.

That largely reflects a 20-year low in the number of New Zealanders leaving for Australia, as the job market there becomes tougher and better on this side of the Tasman.

Economists say the annual migration total could rise even higher in coming months, with Westpac picking a peak of about 55,000 in the first half of next year.

The still-weak Australian job market was keeping more New Zealanders at home, with extremely low departures across the Tasman.

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