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Gallup | U.S. Unemployment Rate Up in April

U.S. unemployment, as measured by Gallup without seasonal adjustment, showed a modest decline to 8.3% in April from 8.4% in March. However, applying the government’s historical April adjustment to Gallup’s unadjusted number yields a seasonally adjusted April estimate of 8.6%, up from 8.1% in March… Read More @ Gallup Seasonally Adjusted U.S. Unemployment Rate Up in … Continue reading

Long-term unemployment : almost 30% of jobless in U.S.

Once unemployed, more Americans are staying that way than before the recession, with 29.5% of jobless Americans now out of work for more than a year. In the first quarter of the year, 3.9 million of the nearly 13.3 million unemployed workers in the country had been jobless for all or most of 2011. That’s … Continue reading

Unemployment Quest : Charles DeYoe was looking for a job reports Wired

Charles DeYoe has been looking for a job ever since he graduated school a year ago. But Charles decided to make the most of the experience, and turn his hunt for work into a video game, Unemployment Quest.  Charles is running a Kickstarter project to raise funds to finish Unemployment Quest and produce pro-quality CDs. With 16 days to … Continue reading

New Zealand | Unemployment rate up at 6.7pc

New Zealand’s unemployment rate unexpectedly rose to 6.7pc in the first quarter after the labour force swelled to a three-year high as more people started looking for work in what’s been a tight jobs market. The kiwi dollar fell after the data was released. The unemployment rate rose 0.3 percentage points to 6.7 per cent … Continue reading

Baker Center : Up to 430,000 solar jobs by 2020

Baker Center answers our question on solar energy : the spread of solar power technology into energy markets is following the same “less-than-smooth” path. Solar power is on track to become a major source of energy for the United States, and will likely need less federal incentive than other energy sources to get there, according to a study … Continue reading

UPDATE – Lufthansa | No more rumored : 3,500 jobs cut

Lufthansa to cut 3,500 jobs Lufthansa on Thursday unveiled plans to cut 3,500 jobs as it reported a worse than expected operating loss of €381m in the first quarter of 2012. Analysts had been expecting a loss of €273m for the three months to March 31 but were reassured by how Europe’s largest airline by … Continue reading

Unemployment Insurance Weekly Claims Report : A good drop after two dissapointing weeks, but rises some concern

SEASONALLY ADJUSTED DATA In the week ending April 28, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 27,000 from the previous week’s revised figure of 392,000. The 4-week moving average was 383,500, an increase of 750 from the previous week’s revised average of 382,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading

The geographical shift of the middle class will entail relocalization – World Economic Forum

The geographical shift of the middle class has implications for supply chains says The Future of Manufacturing, A World Economic Forum Report in collaboration with Deloitte Touche Tohmatsu Limited The rise of demand centres in Asia, along with the typical costs that accompany more developed nations, will likely increase localization of production. Increasingly expensive logistics are leading some companies, such as … Continue reading

India | 2,5 M jobs created in labour intensive sectors

Over 25 lakh jobs were created in the country between October 2008-December 2011 in selected labour intensive and export oriented sectors, like textiles, the Rajya Sabha was informed today. “According to the survey results, overall estimated employment in all selected sectors has experienced a net addition of 25.84 lakh from the first survey (October, 2008 … Continue reading

Reverse Brain Drain | India, China next destination

The booming markets of India and China, where a new war for professional talent is hotting up, will see incredible opportunities for Western professionals, a noted marketing expert has said. “The new war for professional talent is hotting up like never before and will see huge and developing opportunities for westerners looking for jobs in … Continue reading

StanChart confident to add 2,000 jobs

Standard Chartered said it expected to grow income at least 10 percent this year and to add about 2,000 staff as it picks up the pace of investment later in the year. “We are still guiding to increasing headcount by about 2,000 by the end for the year,”  said Richard Meddings, finance director of the Asia-focused bank, … Continue reading

Adobe to hire for 200 high-paying positions in Utah

Adobe Systems Inc. anticipates its new $100 million Utah headquarters will be completed before the end of the year and plans to hire for 200 high-paying positions by the time it moves into the Lehi facility. The California-based software technology company showed off its new 280,000-square-foot Utah facility on Tuesday that is designed as an … Continue reading

Australia | At least 500 layoffs in TAFEs

At least 500 jobs could be slashed from Victorian TAFEs (JMM: the largest vocational education and training provider in Australia) and there are concerns schools in poorer areas will struggle under measures announced in the state budget. The government will slash spending on four in five vocational courses as part of $100 million in cuts to skills … Continue reading

Australia | Optus cuts 750 jobs

Optus, Australia’s second-biggest telco, said today it will cut 750 jobs over coming months in a major restructure of its business designed to boost profitability. The company said the job retrenchments – amounting to about one in 12 Optus jobs – will come “from senior and middle management as well as operations, back office and … Continue reading

UK | As many as 1 in 10 will delay retirement

As many as one in ten Britons planning to retire this year will delay their exit from the workplace, research revealed. Some 68% of those planning to postpone their retirement based the decision on financial pressures making it difficult for them to afford being out of employment, the Prudential Class of 2012 study showed. However, … Continue reading

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