Economy

This tag is associated with 2092 posts

STEM in US – The barriers to entry are also lower than most think.

With the expansion of advanced technologies and processes into more and more fields, the science, technology, engineering and math (STEM) economy is much bigger than many imagine and the barriers to entry are also lower than most think. Occupations like pipefitting and welding require only a high school diploma plus technical training to start. In … Continue reading

US – Almost all of the private sector jobs have been created by businesses less than five years ol

Amid the political maneuvering, there is, happily, some serious work being done by the Kauffman Foundation and the Institute for Competitiveness & Prosperity to figure out where new jobs actually do come from. The surprising truth is that over the last twenty five years, almost all of the private sector jobs have been created by … Continue reading

Canada – To what extent has employment growth slowed among core-age workers? and other questions

Question: How does employment growth compare with economic growth in the post-recession period?  Question: How does the composition of employment growth in recent years compare with employment gains in the early to mid 2000s? Question: How does employment growth in goods industries compare to service industries? Question: To what extent has the pace of private … Continue reading

Well-Being since 1820 – An OECD study

How was life in 1820, and how has it improved since then? What are the long-term trends in global well-being? Views on social progress since the Industrial Revolution are largely based on historical national accounting in the tradition of Kuznets and Maddison. But trends in real GDP per capita may not fully re­flect changes in … Continue reading

Lloyds Bank – Profits up by 41% and 9,000 layoffs

The Lloyds Bank results are out this morning: Profits in the third quarter are up an impressive 41%, but Britain’s second-biggest bank is laying off 9,000 employees and closing 150 branches. via Analysts On 9,000 Layoffs By Lloyds Bank – Business Insider.

Air France-KLM – To cut 7,500 jobs

The Dutch arm of Air France-KLM (AIRF.PA) plans to cut its workforce by 7,500 jobs, or 25 percent, largely through outsourcing, a Dutch daily newspaper reported on Tuesday. The measure is expected to be announced at the release of quarterly earnings by the French-Dutch carrier on Wednesday, the Algemeen Dagblad said, citing the head of … Continue reading

Kohl’s – 67,000 hirings to come this holiday season

Kohl’s Department Stores of Menominee Falls, Wis. announced it anticipates hiring more than 67,000 associates nationwide this holiday season to support seasonal business in stores and growth on Kohls.com. Chosen excerpts by Job Market Monitor. Read the whole story at Kohl’s plans to hire 67,000 associates this holiday season, averaging 50 per store.

Alitalia – To cut 1,000 jobs

Italy’s largest airline Alitalia could cut up to 1,000 jobs, according to reports this weekend by Italian news agency Adnkronos.  The agency cited a document signed by the airline’s management and several unions which states the airline will cut 879 ground crew, 61 pilots and 54 air stewards. The report suggests employees with receive letters of … Continue reading

Canada – The job market is on a weakening trend

Canadian Prime Minister Stephen Harper may be losing one of his political trump cards — his record on the economy — just when he needs it most. Canada’s job growth, among the strongest in the industrialized world after the global recession, has slowed by about half one year before the country’s next election, even as … Continue reading

Sears – Report of layoffs by Seeking Alpha disputed

A published report Thursday said Sears Holdings is laying off about 6,000 workers as it closes 110 stores within the next few months, many before Christmas, according to Seeking Alpha, a content service for financial markets… Spokesman Howard Riefs said “the reported store count and list of closures isn’t accurate.” He specified that one of … Continue reading

UK – Long-term unemployed shouldn’t be treated as a different category when assessing the level of slack in the labour market research finds

The extent of labor market slack in the UK economy is an ongoing question given the recent unexpectedly rapid fall in the unemployment rate. In the latest data release for February–April, which is referred to as March 2014, it was 6.6 percent, down from 7.9 percent in May 2010 and 7.8 percent in March 2013. … Continue reading

Canada – 6.2 unemployed people for every job vacancy in July 2014

In July, there were 223,000 job vacancies among Canadian businesses, relatively unchanged compared with July 2013. There were 6.2 unemployed people for every job vacancy, little changed from 12 months earlier. The national job vacancy rate was 1.5% in July, similar to the rate observed a year earlier. via The Daily — Job vacancies in brief, three-month average ending in July 2014.

Canada – The top-ranked entrepreneurial communities in 2014

Historically, and for a variety of reasons, CFIB has found entrepreneurial characteristics to be strongest in Canada’s prairie cities and the urban areas that ring large urban cores. What they have in common is ‘newness’—the prairie economies have only been developed in the past 150 years or so. Only a few generations separate today’s urban … Continue reading

US – Female self-employment shows positive shift in opportunities finds BLS

New trends in female self-employment suggest a positive shift in opportunities for women, especially for those who differ from the “typical” self-employed women of the past. For instance, the percentage of female minorities in self-employment doubled from 1993 to 2012, and more divorced women and women without young children have become self-employed. Earnings trends have … Continue reading

Australia – Labor market remained subdued but had stabilized somewhat this year says RBA

Australia’s central bank said the labor market remained subdued but had stabilized somewhat this year, adding it had based its assessment on a range of data given the volatility in the official labor force survey.In minutes of its Oct 7 policy meeting, the Reserve Bank of Australia (RBA) also reiterated that the most prudent course … Continue reading

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