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Foxconn to Raise Salaries for Workers by Up to 25% – NYTimes.com
Foxconn Technology, one of the biggest manufacturers of products for Apple, Dell, Hewlett-Packard and other electronics companies, said Saturday that it would sharply raise worker salaries at its Chinese factories. Foxconn said that salaries for many workers would immediately jump by 16 to 25 percent, to about $400 a month, before overtime. The company also … Continue reading
29,500 long-term unemployed Michigan workers lose benefits
Nearly 30,000 “long-term” unemployed workers in Michigan—those out of work for more than 6 months—had their Extended Benefits (EB) assistance abruptly disqualified as of February 18. The EB assistance is the last extension program available for workers who have exhausted all other forms of emergency unemployment compensation. The disqualification comes as a result of new … Continue reading
Egypt’s unemployment rate rises to 12.4% | Egypt Independent
Egypt’s fourth quarter unemployment rate rose by two percentage points from the previous quarter, the government’s statistics office said on its website on Saturday. Unemployment, one of the key triggers of the mass demonstrations that toppled Hosni Mubarak, rose to 12.4 percent in the fourth quarter of 2011, compared to 8.9 percent in the fourth quarter … Continue reading
Spain faces unemployment pain after embracing austerity in European crisis – The Washington Post
Even while the Socialists were still in power, Spain took the initiative in slashing mercilessly into welfare budgets and reducing salaries, vowing to get a handle on a dangerous pile of deficits and debts. The conservative prime minister elected three months ago, Mariano Rajoy, has pursued the cutback campaign even more vigorously, raising taxes and … Continue reading
Work Sharing Provision an Essential Part of Payroll Tax Cut Bill – Economic Intelligence (usnews.com)
This week, Congress passed the Middle Class Tax Relief and Job Creation Act of 2012 that carried the essential provisions of work sharing bills proposed by Sen. Jack Reed and Rep. Rosa DeLauro. The bill would have the federal government pick up some of the expenses associated with state work sharing programs, thereby giving them … Continue reading
Republican Study Committee | Who Killed the Jobs? – Power Line
This chart tells you just about everything you need to know as you prepare to vote in 2012. Prepared by the Republican Study Committee, it depicts the percentage of Americans in the labor force from January 2005 (commonly known as the “good old days” through January 2012. The decline in the number of working Americans … Continue reading
2012 will be ‘year of recession:’ Italy’s bank chief | CTV News
Italy’s central bank chief on Saturday predicted that the eurozone’s third-largest economy will see a return to growth next year, but he confirmed forecasts that 2012 will be a “year of recession.” Bank of Italy Governor Ignazio Visco also described Italian banks as being sound in terms of having adequate capital, but cautioned that the … Continue reading
ECRI’s Controversial Recession Call: Fifth Consecutive Improvement in the Growth Index – Advisor Perspectives (dshort.com) – February 17, 2012
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) came in at -3.7 in today’s public release of the data through February 10th. This is the fifth consecutive week of improvement (less negative) data for the Growth Index and the highest level (i.e., least negative) since August 26th of last … Continue reading
7 Steps To Writing A Cover Letter That Will Actually Get You An Interview
When it comes to the application process, you should know by now that everything you do matters. There’s so much attention given to resumes that we often forget how important a cover letter can be for our job prospects. “The cover letter is an opportunity for you to tell the recruiters why you’re the perfect person for the … Continue reading
Preparing for a job interview? Read these 6 tips first | Articles
I used to be pretty sure that the only way to get a raise working in media was to switch jobs. This led to several job changes throughout my career, which, of course, included the requisite interviews to get those jobs. I’ve picked up a few pointers that have helped me become a relatively confident … Continue reading
Resume your kills – jobsearch.about.com
What should you – and shouldn’t you – include in the skills section of your resume? What’s important when listing your skills on your resume is to consider relevancy. What skills do you have that show you are qualified for the jobs for which you are applying? A resume skills section should include your skill … Continue reading
5 Must-Ask Questions At Job Interviews | Glassdoor Blog
Think an interview is a one-way street? Think again. One of the biggest mistakes a job-seeker can make is not asking any questions at a job interview. An interviewer will almost always ask you at the end of the meeting if you have any questions — say no, and you look ill-prepared, uninformed, and uninterested. … Continue reading
Congress Passes Payroll Tax Cut, Jobless Benefits Extension
It seemed next to impossible last year — but, it’s a new year, and Congress finally decided to come together and pass something. A pretty big, $143 billion something. Fox Business: “Both the House and Senate have passed legislation extending the payroll tax cut for 160 million workers. It also extends long-term jobless benefits through … Continue reading
Is This Recovery? | ZeroHedge
There is a lot of good news to buoy the markets and give cheer to the public. We hear that new jobless claims are down another 15,000 to 358,000, the ninth week of declines out of the last ten, finally breaking below the 400,000 mark. A reduction in unemployment is a very positive sign and is politically significant. Also … Continue reading
Greece Is On Pace For The Worst Recession In Modern History
The Greek economy shrank nearly 7% in 2011, the fifth straight year the country has been in a recession. GDP has shriveled by a sixth since 2006, and unemployment has tripled over that period to 20%. With new rounds of austerity just announced, and a default yet to come, the nightmare isn’t even close to … Continue reading
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