Archive for May 2012

In The News | Labor Market Mismatch and, Job Cuts Surge 67% in U.S., Teachers Layoffs Continue, Olympus Cuts 2,500 jobs, Benefits Cuts For Seasonal Workers in Canada and NJ and More

Unemployment is a labor market mismatch – Economics – AEI aei.org – After an unexpected upswing at the beginning of this year, the labor market appears to be back in the doldrums again. The month-on-month employment increases of 200,000-240,000 workers in December,… JobMarketMon US May Job Cuts Surge 67% From A Year Ago -Challenger – WSJ.com … Continue reading

In The News | SMEs in Gulf economy, Africa, Skills Gap, Layoffs, Flat U.S. Wages, Sunday papers axed, Improving EI and More

SME role in Gulf economy, jobs growth ‘woefully low’ gulf-times.com – Small and medium enterprises’ (SMEs) contribution to the overall Gulf economy and employment sector is woefully low and need  a big push for the region to enhance its economic diversification, the … JobMarketMon Flat U.S. Wages Help Fuel Rebound in Manufacturing – WSJ.com online.wsj.com – Joey … Continue reading

In The News | Cloud computing, Romney’s Bain Record, Layoffs, African Youth, College Grad, Older Workers, and Much More

Cloud computing: 14 million jobs by 2015? smartplanet.com – I’m not Convinced Cloud computing is about efficiency. Cloud computing is about replacing thousands of underutilized server rooms and IT departments with shared facilities with higher utilization r… JobMarketMon Romney’s Bain Record on Job Creation Attacked – Businessweek businessweek.com – President Barack Obama’s re-election campaign attacked Mitt Romney’s … Continue reading

In The News | Baby Boomers and the Unemployment Rate , Skills Gap, EI Changes, Layoffs, Older Workers and Plastic Surgery for a Job and More

Jobs: The number of baby boomers retiring is holding down the unemployment rate – UPI.com upi.com – President Obama can thank baby boomers at least in part for the drop in the U.S. unemployment rate, with the first post-World War II generation hitting retirement age at a rate of 10,000 a day. Une… JobMarketMon Macau labor … Continue reading

In The News | Veterans , Inequalities, Youth, China Middle Class, Layoffs, EI Changes, Grads and More

More Companies Hiring Veterans | fox4kc.com – Kansas City news & weather from WDAF TV – FOX 4 fox4kc.com – NEAR PHILADELPHIA, Pa. — A company in Pennsylvania is on  a mission to hire Veterans. A construction equipment company called Modern Group wants to hire men and women who have served in the U.S. ar… Inequality … Continue reading

In The News | Global Recession, Less Government Solves Unemployment, Layoffs, Migrants in UK and More

Marc Faber, Global Recession 2013 a Sure Thing | readtheticker safehaven.com – Marc Faber doesnt make 100% calls very often, sure he makes a lot of calls, but when he make a call that he says is 100% chance of occurance its worth making a note of. When you here a fundamental … JobMarketMon Business Young … Continue reading

In The News | Pensions in Canda, EI Changes, Layoffs, Interview Prep. and More

The Daily — Pension plans in Canada, as of January 1, 2011 statcan.gc.ca – Membership in registered pension plans (RPPs) in Canada amounted to 6,065,750 in 2010, an increase of 42,000 or 0.7% from 2009. Membership increased in public sector plans, but declined in private … JobMarketMon ‘It’s nonsense,’ worker says of EI changes – The Globe and Mail theglobeandmail.com – This time last year, Craig Carter-Edwards was … Continue reading

Higher education job growth continues to outpace overall job growth in US, but the gap is narrowing

Key findings from the report for Q1 2012: Although the growth rate of higher education jobs continued to outpace the growth rate for all U.S. jobs in Q1 2012, the gap has narrowed and the “market share” of higher education jobs was unchanged year-over-year. The number of advertisements for job openings in higher education continued … Continue reading

UK cities | An international comparison of unemployment

Unemployment has fallen for the second consecutive month to March. Yet the outlook remains fragile as part-time work and self employment increase in the absence of full-time job creation. The picture across UK cities continues to look very different. To highlight just how different we’ve compared ILO unemployment rates by city to countries around the … Continue reading

Krugman on Euro | Apocalypse Fairly Soon

Suddenly, it has become easy to see how the euro — that grand, flawed experiment in monetary union without political union — could come apart at the seams. We’re not talking about a distant prospect, either. Things could fall apart with stunning speed, in a matter of months, not years. And the costs — both … Continue reading

Gallup | U.S. Unemployment Down by 0.1% in Mid-May due to decline in participation rate

U.S. unemployment, as measured by Gallup without seasonal adjustment, declined slightly to 8.2% in mid-May from 8.3% in April. Gallup’s seasonally adjusted unemployment rate is 8.5% in mid-May, down slightly from 8.6% last month. Much of this decline may be due to a decline in the workforce participation rate — Americans 18 years or older … Continue reading

HP | As many as 25,000 job cuts could be coming

Hewlett-Packard Co. is considering cutting as many as 25,000 jobs, or 8% of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said. The number to be cut includes 10,000 to 15,000 from Hewlett-Packard’s enterprise services group, which sells a range of … Continue reading

GM | 700 jobs to be created at Ellesmere Port

General Motors is creating 700 jobs at its Ellesmere Port plant in Cheshire along with hundreds more in the supply chain to build the new model of its Astra compact car in the latest fillip for Britain’s car industry. The US automaker is to invest £125m in the plant after its 2,100 workers agreed a … Continue reading

Staples | 500 layoffs, 200 in United States

Office supply giant Staples Inc. said Wednesday that it has cut 500 jobs worldwide as first-quarter profit fell 6 percent to $187 million. The Framingham chain eliminated 200 positions in North America, including a majority at its headquarters, as well as at an office in Toronto. Staples declined to identify how many people lost their … Continue reading

Unemployment Insurance Weekly Claims Report : No News, Bad News

After an increase, an insignificant drop, now unchanged. This is not an indication of a dynamic job market. SEASONALLY ADJUSTED DATA In the week ending May 12, the advance figure for seasonally adjusted initial claims was 370,000, unchanged from the previous week’s revised figure of 370,000. The 4-week moving average was 375,000, a decrease of … Continue reading

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