Job Market Monitor
Archive for September 2012
Income Inequality and the Death of Trickledown
On September 12, 2012, the Census issued its report on Income, Poverty, and Healthcare Coverage in the United States: 2011. While the full report has some nice charts, one that was conspicuously missing was on income inequality. The data for such a chart was in the tables, and so I was able to construct the … Continue reading
How do Fed actions bring job growth ?
In discussions about the Fed actions, it occurred to me that many of the explanations that link the Fed’s moves to stronger job growth leave out a number of steps in the middle. It’s of course not the case that the Fed buys MBS or announces they’ll keep rates low and jobs that weren’t there … Continue reading
India – 400,000 CIL workers lost jobs in coal scam
In yet another aspect of the coal controversy that’s still unfolding, over four lakh workers of the Coal India Limited (CIL), a public sector unit, lost their jobs after blocks were taken away from CIL’s kitty and given to private parties. “In 2000, CIL had 8 lakh skilled workers, but in August 2012, they had … Continue reading
OECD – Education at a glance – Key Findings
Equity Young women are five percentage points more likely than young men to become better educated than their parents (40% compared with 35%), while young men are more likely than young women to have lower educational attainment than their parents (15% compared with 11%). The educational attainment of mothers has a stronger impact on students’ … Continue reading
US – Defense cuts could impact 100000 jobs
A harsh round of federal budget cuts could cost Huntsville thousands of jobs. The White House released a report on the upcoming automatic spending reductions known as “sequestration.” The cuts are due at the end of the year. Experts on government budgets and contracts said this could easily cost more than 100,000 jobs and the … Continue reading
France – Sanofi to Cut 1500-2000 Jobs
French pharmaceutical giant Sanofi SA (SAN.FR, SNY) will disclose cuts of between 1,500 and 2,000 jobs in France on Sept. 25, French newspaper Le Figaro reported Saturday, without citing sources. The company plans to reduce its 28,000 payroll in France mainly through attrition, the newspaper said. In July, Sanofi had said it planned to cut … Continue reading
How Millennials Work Differently From Everyone Else
As more and more millennial workers assume management positions, you may notice changes in the nature of the workplace. Why? Because there are distinct differences between the work styles, expectations, and career perspectives of younger and older workers. A new survey conducted by HarrisInteractive on behalf of CareerBuilder between May 14 and June 4, 2012 … Continue reading
Oyster Bay: 150 layoffs set
Oyster Bay officials in an open letter distributed Thursday to town employees emphasized that it had a long-standing family-style relationship with the union, but failed labor talks set the stage for imminent staff cuts. “At the start of negotiations … Oyster Bay: Union talks stall, 150 layoffs set http://www.newsday.com/long-island/nassau/oyster-bay-union-talks-stall-150-layoffs-set-1.4001336
225 jobs lost as Alberto Culver factory in Swansea closes
HUNDREDS of workers at the Alberto Culver factory are today looking for new jobsafter being told it is to close. The 225 workers at the Swansea Enterprise Park business were told yesterday morning that consumer giant Unilever would be pressing ahead … This is South Wale 225 jobs lost as Alberto Culver factory in Swansea … Continue reading
EA plans to cut 1,000 jobs
The struggling economy is finally hitting the video game industry, and hard. EA is preparing to undertake some rather drastic cost-cutting measures, EA plans to cut 1,000 jobs, close at least nine offices http://www.engadget.com/
