Union bosses are warning that “thousands” of public service sector employees will be receiving notices advising them that their jobs will be “affected” as a result of the government’s spending cuts this week, just as members of one of Canada’s largest unions meet for a national convention in Ottawa beginning Sunday. Speaking to CBC News … Continue reading
As pointed out by Calculated Risk, industrial production is still 4.1% below the pre-recession peak. And, from the job market perspective, things are worse. Manufacturing’s decline in jobs is part of a complicated picture Is manufacturing in crisis? That’s a question on the minds of many policy makers. Even President Barack Obama talked about it in … Continue reading
NAB, which has been reviewing its UK unit that comprises over 300 Clydesdale and Yorkshire branches, said it planned to cut 1,400 jobs in UK by 2015, close some back offices and move the vast majority of the UK unit’s commercial real estate exposure valued at 6.2 billion pounds ($10.07 billion) to the parent. NAB … Continue reading
Here are some of the “waves” that you will be riding into the 21st Century, and the careers that are predicted to be in high demand riding on those waves. Information Revolution High Technology & Materials Creation Global Village Natural Systems Awareness Demographics Patterns of Working Emerging Careers for the 21st Century. The High Demand Careers … Continue reading
Where are the jobs? That’s where the juxtaposition comes in. The real job creation numbers — the staggering numbers — remain outside the United States. • Amazon.com is creating 3,300 jobs in Hyderabad, India. • Ford Motor Co. is creating 5,000 jobs in Sanand, India. • Infosys Technologies is creating 4,000 jobs in China. • … Continue reading
The neglect of credit and debt in economic theory continues to produce muddled policy thinking. Take the tendency to protect banks lock, stock and barrel, at huge costs. The mantra is that if we let banks go bankrupt, that will ruin the economy. This is a nifty inversion of the truth: it is precisely the … Continue reading
From the anti-austerity firebrands of Greece’s imminent elections to the corruption crusaders in Prague, from the Pirates of Berlin to the populists who scored well in France’s presidential election, a new wave of anti-establishment parties are on the rise across Europe, posing a threat to the political elite. Their causes vary – some are from … Continue reading
Fears for Spain’s ‘imploding’ economy grew yesterday as figures revealed that one in four people in the country are out of work. The figure – 24.4 per cent – is so high it means that one jobless person in three inside the eurozone is Spanish. Unemployment in the country now tops 5.6million – its highest … Continue reading
Renowned Economist and Nobel Laureate Joseph Stiglitz strongly rebuked the policy of disinvestment in education occurring in debt-laden US states, as he addressed a packed house at Victoria Street theatre in Santa Barbara on February 19 in 2010. But this is also going on in Canada and the trend seems to get worse every where since … Continue reading
The U.S. labor market has been reeling since the onset of the Great Recession in December 2007. Public concern has largely focused on the unemployment rate, which rose to double digits and has stalled at more than 8 percent. This rate is unacceptably high, and macroeconomic policy efforts have been unsuccessful in bringing it down write Robert … Continue reading
Brazil’s jobless rate rose slightly more than expected in March but still marked a record low for the month, adding evidence that the local labor market remains strong to underpin a nascent economic recovery. Brazilian unemployment rate rose to 6.2 percent in March before seasonal adjustments, from a previously reported 5.7 percent in February, the … Continue reading
Thirty-five big U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas, according to a Wall Street Journal analysis. Those companies, which include Wal-Mart Stores Inc., International Paper Co., Honeywell International Inc. and United Parcel Service Inc., boosted their employment at … Continue reading
BBC News – Should job-hogging over-50s all resign? Too few jobs. Rising unemployment, especially for young people. Here’s a radical solution, says commentator on office and workplace life, Lucy Kellaway of the Financial Times (born 1959). Wasting time on the internet recently I came upon a nasty statistic. In the next 10 years, there will … Continue reading
House Minority Leader Brad Jones is pushing his own effort to reform the state’s unemployment-insurance system, saying he has little confidence that Gov. Deval Patrick’s hand-picked, Democrat-heavy commission is up to its task. In a budget amendment now on its way to the Senate, Jones (R-North Reading) calls for an 11-member squad that would review … Continue reading
New figures show that Spanish unemployment levels have hit record levels, with nearly a quarter of the labour force unable to find work. The news comes hours after the country’s credit rating was cut two notches to “BBB+” by ratings agency Standard & Poor’s. According to the new data released on Friday, unemployment levels hit … Continue reading