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British Airways | 1,200 UK redundancies but hopes over Glasgow jobs
British Airways has said it will look to create jobs at its engineering facility in Glasgow, after owner IAG announced its purchase of airline BMI could lead to 1,200 UK redundancies. British Airways has said it will look to create jobs at its engineering facility in Glasgow, after owner IAG announced its purchase of airline … Continue reading
UK | Moving From India | New BT call centre to bring 300 jobs to Accrington
THREE hundred jobs are to be created after BT announced that it is to open a new call centre in Accrington. The new call centre will be based at the Globe Centre, in St James Square. It comes after US-based outsourcing company Sitel, which handles online holiday bookings for Expedia, announced six months ago it … Continue reading
Local Brain Drain | Rochester seeks to end brain drain
Sarah Skelly, a 2011 graduate of Alfred State College’s technology management program, is looking for a job, preferably in Rochester. “I hope to stay here. I want to stay here,” Skelly said. “I love the community. I just need a job.” She was just the type of job seeker organizers hoped to attract Wednesday evening … Continue reading
France | A generation of desperate youngsters
Boualem Ben Moussa has delivered pizzas, worked on a building site, washed dishes in a restaurant and delivered more pizzas. School was not his thing, he says. Now 28, he dropped out at 16 and has since stumbled from short-term contract to short-term contract. But things are looking up. In Lormont, a dreary suburb northeast … Continue reading
Portsmouth | Manufacturers highlight lack of skilled workers
Shifting federal policies and a lack of skilled workers in the state labor market are among the largest impediments to hiring, representatives from the manufacturing industry said at a summit in Portsmouth on Wednesday. Representatives from Foss Manufacturing in Hampton, Laars Heating Systems Company in Rochester and firearms manufacturer SIG Sauer, which is currently … Continue reading
Emotional intelligence | Increasingly Valued by Employers
Emotional intelligence is essential for customer-facing roles and employers are increasingly seeking candidates who show such skills. This is particularly true for roles that will involve working in a team, which covers the majority of graduate jobs. Emotional intelligence is all about understanding what might be going through someone else’s head, without them having to … Continue reading
Sony Confirms 10,000 Layoffs
Confirming the report from earlier this week, Sony president and CEO Kazuo Hirai said the company will cut 10,000 jobs globally as part of a big “One Sony” reorganization. The company has five immediate goals: it wants to strengthen its core businesses — digital imaging, gaming and mobile — turn around its TV business, expand … Continue reading
Unemployment Claims | Up by 13,000 to two-month high
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT – SEASONALLY ADJUSTED DATA In the week ending April 7, the advance figure for seasonally adjusted initial claims was 380,000, an increase of 13,000 from the previous week’s revised figure of 367,000. The 4-week moving average was 368,500, an increase of 4,250 from the previous week’s revised average of 364,250. … Continue reading
Australian unemployment steady at 5.2% and seasonally adjusted employment expanded strongly in March, increasing by 44,000 (well above all market expectations) and employment to a record level
Australia’s unemployment rate held steady at 5.2 per cent in March, data showed Thursday, beating expectations, while 44,000 jobs were created — almost eight times the number forecast. The news sent the Australian dollar high against the greenback on receding expectations of an interest rate hike. The Australian Bureau of Statistics (ABS) said the seasonally … Continue reading
76% feel that the US economy is still in recession
Seventy six percent of respondents said that the economy is “still in recession” while just 21 percent said the recession is over, according to the Post-ABC poll. While 85 percent of Republicans feel the economy is still in recession so do 68 percent of Democrats and 77 percent of independents. Do you think the country’s … Continue reading
OECD | Unemployment rate was broadly stable 8.2% since January 2011
The OECD area unemployment rate was 8.2% in February 2012, and has remained broadly at this level since January 2011. But the euro area unemployment rate rose by 0.1 percentage point (for the eighth consecutive month) to 10.8% in February, maintaining a record high since the start of the global financial crisis. The unemployment rate … Continue reading
Transitioning into Retirement: The MetLife Study of Baby Boomers at 65
Despite the popular belief that Baby Boomers will continue to work well past the traditional retirement age of 65, those born in 1946 are retiring in droves, according to Transitioning into Retirement: The MetLife Study of Baby Boomers at 65. This study is a follow–up to the 2008 MetLife Mature Market Institute study, Boomer Bookends: … Continue reading
Is this grad generation doomed?
Opinions – Wellesley News: The inane act of two indebted students has ignited a lively debate concerning the global student loan crisis and the future of our generation in the employment market. Ross Harper and Ed Moyse, both 22 of the United Kingdom, decided to launch BuyMyFace.com in order to raise money to repay a combined … Continue reading
The ‘New Structural Economics’
“I believe that every developing country, including those in Sub-Saharan Africa, can grow at 8 percent or more continuously for several decades, significantly reducing poverty and becoming middle- or even high-income countries in the span of one or two generations, if its government has the right policy framework to facilitate the private sector’s development along … Continue reading
Bernanke | No evidence of any significant increase in structural unemployment
Bernanke : While I do not see much evidence of any significant increase in structural unemployment so far, I am concerned that structural unemployment could increase over time if the labor market heals too slowly–a phenomenon known as hysteresis. I do not interpret data suggesting an outward shift in the Beveridge curve as providing much evidence … Continue reading
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