In the News

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Employment Insurance in Canada – Up 5,900 or 1.1% in March 2015

In March, 517,900 people received regular Employment Insurance (EI) benefits, up 5,900 or 1.1% from February. Compared with March 2014, the number of EI beneficiaries rose slightly (+2,600), the first year-over-year increase since February 2010. For the third consecutive month, Alberta led all provinces in terms of growth in the number of beneficiaries, with an 8.9% increase in March. Notable increases also occurred … Continue reading

Canada’s Oil and Gas Industry – Could lose as many as 185,000 direct and indirect jobs

In 2014, the oil and gas industry spent more than $125 billion on exploration, development and production activities in Canada, supporting more than 720,000 direct and indirect jobs. With an anticipated $31 billion reduction in capital and operational expenditures in 2015, the Canadian economy could lose as many as 185,000 direct and indirect jobs related … Continue reading

Argentina – Unemployment stabilizes at 7%

Less Argentines seem to be looking for a job, according to the latest figures from the Indec statistics bureau. Official numbers said yesterday that unemployment was stable in the first quarter, at 7.1 percent in the yearly comparison, but that is only because some of the jobless have stopped looking for work, as employment rates … Continue reading

Job Vacancies in February in Canada – 5.9 Unemployed people for every job vacancy

Canadian businesses reported 220,000 job vacancies in February, up 28,000 compared with February 2014. For every job vacancy, there were 5.9 unemployed people, down from 7.1 one year earlier. This decline in the ratio was the result of both fewer unemployed people and more job vacancies. The national job vacancy rate was 1.5% in February, up from 1.3% posted 12 months earlier. Chosen excerpts by Job Market Monitor. Read … Continue reading

Tackling long-term unemployment in the EU

Originally posted on European Parliamentary Research Service:
Written by Verena Kern faithie / Fotolia.com With the onset of the crisis, unemployment rates have increased sharply throughout Europe and the trend seemed set to continue. However in March 2015, the European Commission reported that, for the first time since 2009, the LTU rate fell slightly. Currently,…

Rolls-Royce – to cut 600 jobs in marine unit

British engineering group Rolls-Royce (RR.L) said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a “broadly neutral” impact on 2015 profits.  Rolls-Royce is in the middle of a cost-saving plan in its aero-engines business and headquarters, axing 2,600 jobs, and … Continue reading

Unemployment in OECD in March 2015 – 42.4 million people were unemployed, UR at 6.9%

The OECD unemployment rate fell by 0.1 percentage point to 6.9% in March 2015, with a cumulative decline of 1.2 percentage points since the peak reached in January 2013. Across the OECD area, 42.4 million people were unemployed, 6.6 million less than in January 2013. The euro area unemployment rate was stable in March, at … Continue reading

UK Job Report – Employment rate for people aged from 16 to 64 at record level (73.5%)

Main points for January to March 2015 Comparing the estimates for January to March 2015 with those for October to December 2014, employment continued to rise and unemployment continued to fall. These changes maintain the general direction of movement since late 2011 to early 2012. There were 31.10 million people in work, 202,000 more than … Continue reading

Bombardier – 1,750 job cuts, 1,000 in Montreal and another 480 in Toronto

Bombardier Business Aircraft has announced it is cutting 1,750 jobs, including 1,000 in Montreal and another 480 in Toronto. The Montreal-based company said that current economic conditions and political turmoil in Russia, China, and Latin America have impacted the entire industry and has meant the company has had to reduce its production of its Global … Continue reading

US – The deadliest jobs

The U.S. Department of Labor tracks how many people die at work, and why. The latest numbers were released in April and cover the last seven years through 2013. Some of the results may surprise you. Chosen excerpts by Job Market Monitor. Read the whole story at The Deadliest Jobs in America | Bloomberg Business – Business, … Continue reading

April Job Report for Canada – Employment down by -20,000, UR held steady at 6.8% for the third consecutive month

Employment edged down in April (-20,000), as gains in full-time work were more than offset by losses in part time. The unemployment rate held steady at 6.8% for the third consecutive month. In the 12 months to April, employment increased by 139,000 (+0.8%), with all of the growth in full-time work. Over the same period, the total number of hours … Continue reading

US Job Report April 2015 – Total nonfarm payroll employment increased by 223,000, UR essentially unchanged at 5.4 percent

Total nonfarm payroll employment increased by 223,000 in April, and the unemployment rate was essentially unchanged at 5.4 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and construction. Mining employment continued to decline. Household Survey Data In April, both the unemployment rate (5.4 percent) … Continue reading

Areva – To cut between 5,000 and 6,000 jobs, between 3,000 and 4,000 in France

Beleaguered French nuclear engineering firm Areva SA plans to reduce its global payroll by between 5,000 and 6,000 jobs as part of a cost-cutting effort after years of losses.  The largely government-owned company has opened talks with labor unions to find ways to cut its payroll through voluntary departures, Areva’s head of human resources François … Continue reading

Siemens – To cut 4,500 jobs

Siemens reported Thursday it would need to cut a further 4,500 jobs as part of its global restructuring effort, with a view to making the company more competitive and profitable. It said 2,200 jobs would have to be slashed in Germany.  Siemens noted on its website this morning that the move was primarily aimed at … Continue reading

Africa – Most of the world’s jobseekers will be there in the next 20 years

Globally, the number of people eager to get earning continues to grow year on year, and a new report from the IMF shows that in the next 20 years, most of the world’s jobseekers will be in Africa.  “As both infant mortality and fertility rates decline, sub-Saharan Africa will become the main source of new … Continue reading

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