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France | Unemployment Worst Since Sept 1999

Unemployment in France surged to its highest level in over 12 years in March, the labor ministry data showed Thursday, days ahead of the Presidential poll. The number of registered job seekers in the country rose to 2.88 million in March, the highest total since September 1999. The jobless total was up 0.6 percent from … Continue reading

Recession-Proof Industries | Only 2 Industries Have Recovered All The Jobs Lost

Only 2 Industries Have Recovered All The Jobs Lost In The Recession – Business Insider Business Insider looks at the jobs recovery by various industries. The table below shows that the Leisure & Hospitality and Mining industry have recovered all the jobs lost during the Great Recession.  The recovery has produced 1.25 million Professional Service jobs, … Continue reading

UPDATE | The cry of an innocent | David Cameron is disappointed by his “remarkable achievement”

Cameron’s Remarkable Achievement – NYTimes.com When David Cameron became PM, and announced his austerity plans — buying completely into both the confidence fairy and the invisible bond vigilantes — many were the hosannas, from both sides of the Atlantic. Pundits here urged Obama to “do a Cameron”; Cameron and Osborne were the toast of Very … Continue reading

Stiglitz reiterates : Austerity Pushes Europe ‘Suicide’

Europe Pushed to ‘Suicide’ on Austerity, Stiglitz Says – Bloomberg Nobel Prize-winning economist Joseph Stiglitz said Europe is in a “dire” situation as a focus on austerity pushes the continent toward “suicide.” “There has never been any successful austerity program in any large country,” Stiglitz, 69, told reporters in Vienna yesterday. “The European approach definitely … Continue reading

Wage Growth in the U.S. Will Feel Effects of Great Recession for Years to Come | The Conference Board

The Great Recession has confronted U.S. workers with an extended buyer’s market in jobs, according to a new Executive Action Report from The Conference Board, leading to overall wage growth between 2008 and 2010 that was the weakest since the 1960s. Feeling the Pain: Wage Growth in the United States examines prevailing trends in recent … Continue reading

Briggs & Stratton | 460 jobs cut

Briggs & Stratton Corp. said Thursday that it plans to cut about 460 jobs and stop selling gardening products through big retailers as demand for its goods shrinks. The company, which is based in Milwaukee, is shifting some manufacturing work from an Alabama plant to another plant it has in China, or to contractors elsewhere … Continue reading

Germany enlarges coverage of minimum wage

German Chancellor Angela Merkel’s conservatives have agreed plans to introduce a mandatory minimum wage for sectors of the economy that do not already have one, in the latest policy shift to try to win over left-leaning voters before next year’s election. Merkel’s Christian Democrats (CDU) have long opposed a blanket minimum wage, arguing that it … Continue reading

Unemployment Insurance Weekly Claims Report : Two in a row dissapointing weeks, not a good sign

SEASONALLY ADJUSTED DATA In the week ending April 21, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 1,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 381,750, an increase of 6,250 from the previous week’s revised average of 375,500. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading

As Thousand of Teachers Are Laid-off, Education Slowdown Threatens U.S. – WSJ.com

Throughout American history, almost every generation has had substantially more education than that of its parents. That is no longer true. When baby boomers born in 1955 reached age 30, they had about two years more schooling than their parents, according to Harvard University economists Claudia Goldin and Lawrence Katz, who have calculated the average … Continue reading

First generation of employers with no widespread military experience makes finding a job hard for veterans

Matt Pizzo has a law degree, can-do attitude, proven leadership skills, and expertise in communications and satellite technology from his four years in the Air Force. Yet the 29-year-old has been told that he’s overqualified, too old, too “non-traditional,” and that he’s fallen behind his civilian contemporaries. “It was disheartening, to say the least,” he … Continue reading

China’s Job market | Small companies are confronting growing difficulties

A slowdown in China’s economy has not caused employment woes, officials have claimed, but they also warned of challenges as the country’s small companies are confronting growing difficulties. The country’s urban registered unemployment rate stood at 4.1 percent in the first three months of 2012, according to figures released on Wednesday by the Ministry of … Continue reading

Ohio | Unemployment benefits | More than 280,000 Ohioans will exhaust their unemployment benefits by December

More than 280,000 Ohioans will exhaust their unemployment benefits by December, according to a report out Wednesday from the Ohio Department on Job and Family Services. The number of people running out of unemployment will reach more than 7,100 by December – with peaks in the months of April (986 people) and December (4,233 people), … Continue reading

Poland | Unemployment Rate drops to 13.3 pct

Government statistics show that Poland’s unemployment rate dropped slightly to 13.3 percent in March, from 13.5 percent the month before. It was the first drop in the jobless rate since the figure started rising in November… Source: Read More @ Poland’s unemployment drops to 13.3 pct in March – CBS News.

Lufthansa | Still evaluating but 3,000 job cuts rumored

Deutsche Lufthansa AG said it was still evaluating how many jobs it would cut in a cost-reduction programme, in response to a report that Germany’s biggest airline plans to axe about 3,000 administrative jobs. German mass-circulation paper Bild earlier reported that Lufthansa planned to cut half of a total of 6,000 administrative jobs around the … Continue reading

Reverse Offshoring | Indian firms creates jobs in US

Indian companies operating in 40 American states have invested over USD 820 million in manufacturing facilities in the US, creating thousands of jobs, according to the 2012 India Business Forum (IBF) survey. The survey “Indian Roots, American Soil: Adding Value to US Economy and Society”, released by the Confederation of Indian Industry (CII) at a … Continue reading

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