In The News | U.S. Unemployment Rises to 8.2% in May, Global Talent Pool in 2020, Layoffs at GM, Mazda, Bombardier Recreational, United Airlines and Windstream and Much More

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GM expected to announce timing of 2,000 job losses, union says – thestar.com

thestar.com – GM Canada is expected to confirm Friday the timing of 2,000 job losses at its car plant in Oshawa, the union representing the workers says. It’s the last day the car maker could give notice if it i…

Mazda to cut 250 jobs in Europe, US -Nikkei

reuters.com – Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, p…

GPC plans layoffs to close $25 million budget deficit

championnewspaper.com – Georgia Perimeter College (GPC) is planning to lay off 185 people to help close an anticipated budget deficit of approximately $25 million next year. Interim President Rob Watts announced his plan …

Bombardier Recreational cutting 500 jobs – The Globe and Mail

theglobeandmail.com – Bombardier Recreational Products Inc. is trimming its ranks by 500 people, or 8 per cent of its work force, as it shifts more of its production work to a new plant in Mexico. The company, owned by …

Public sector cuts dragging down U.S.’s already fragile economic recovery

rawstory.com – For the last 24 years James Estep has worked in public education. He has never seen anything like this. The superintendent of Pennsylvania’s Mifflin county school district is wrestling with a multi…

Migrants are losing hope in a better life|Comment

chinadaily.com.cn – Yesterday the young man delivering mineral water for our office said he was going to quit his job. He would be the second to do so this month. “I can tolerate the pay, although it is merely enough …

United Airlines to cut 1,300 Houston jobs – BusinessWeek

Africa growth not enough to reduce poverty: World Bank – The Express Tribune

tribune.com.pk – LAGOS: Africa may have enviable economic growth rates by global standards, but they are still not enough to pull its growing population out of poverty, the World Bank said on Thursday.     Addressi…

Merger to Cost 100s of Teaching Jobs?

myfoxmemphis.com – Memphis, Tn – The Transition Planning Commission approved a plan Thursday which would cut hundreds of jobs to help fill the 67 million dollar budget gap for the new Unified School District. The pla…

BAE Systems says to cut 620 jobs in Britain

spacewar.com – Arms manufacturer BAE Systems on Thursday said it planned to cut 620 jobs and shut a factory making armoured vehicles in Britain following government cuts to military spending. “Subject to consulta…

Unions and business unhappy with minimum wage increase – Business (Australian Broadcasting Corporation)

abc.net.au – MARK COLVIN: Business groups say today’s decision to increase the minimum wage by $17 could lead to job losses in struggling parts of the economy. Unions, on the other hand, say the decision by Fai…

World Bank: Croatia is in a deep recession

emg.rs – Croatia is currently in a very deep recession, but joining the EU will significantly increase its possibilities to receive financial support and attract investment. Those are the views of Peter Har…

Maersk Line to cut 250 jobs in Copenhagen | The Copenhagen Post

cphpost.dk – Copenhagen-based container shipper Maersk Line has announced that it will cut 400 jobs out of its global workforce of 25,000. Some 250 of those job cuts will be in Copenhagen, the company reported …

Obama versus Romney on job creation – The Washington Post

washingtonpost.com – The Obama campaign this week launched an attack on Mitt Romney’s record as Massachusetts governor, calling particular attention to his records on jobs. We will fact check this latest web video in d…

Honesty is every company’s best employment policy – Washington Business Journal

bizjournals.com – A father who had been laid off was watching expenses closely for months. But he’d promised his twin sons that he’d take them to a nearby amusement park for their 10th birthday. That day, when they …

India’s Stagflation Problem – India Real Time – WSJ

blogs.wsj.com – In the wake of India’s disappointing GDP numbers, some economists are forecasting growth this calendar year will fall below 6% while inflation remains high. That’s a pretty big deal. Five-point-som…

Where the College Graduates Are: Degree Attainment in Metropolitan Areas

brookings.edu – “So if you haven’t found a job yet: You’re better off coming to the city than sitting on your parents’ couch.” Mayor Michael Bloomberg, Remarks at the Cornell University 2012 Convocation, May 27, 2…

World of Work Report 2012

brookings.edu – The World of Work Report provides a comprehensive analysis of recent labor market and social trends, assesses risks of social unrest, and presents employment projections for the next five years. Th…

Obama’s ‘Extraordinary’ Economic Recovery Actually 6.5 Million Jobs Below Average – Investors.com

news.investors.com – In his recent speeches on the campaign trail and at official functions, President Obama typically touts the fact that over the past two years, the economy has created more than 4 million new jobs, …

Is This Recovery Or Recession? Neither: It’s Just The Way It Is Now. – Forbes

forbes.com – So the other morning I got up early in my small New England town and started the day by going to a nearby pond for a run.  A calm, blue-skied early May day.  Actually I shouldn’t dignify it by call…

Economy starting to see recovery, albeit a slow one – Thursday, May 31, 2012

lasvegassun.com – Southern Nevada’s economy is continuing its slow crawl out of the recession, with tourism and gaming leading the way and real estate and unemployment continuing to be a drag on sustained growth. St…

Young Americans Shouldn’t Support Obama

therightsphere.com – High school students who are eligible to work officially have the highest rate of unemployment out of any other group in America. In 2012, America is lead by President Obama, and his unsurpassed wi…

Obamanomics: Unemployment Claims Up, GDP Down

breitbart.com – New unemployment claims unexpectedly jumped last week, indicating a pickup in layoffs, a worrisome sign ahead of Friday’s important jobs report for May. Adding to the dreary economic news, the gove…

Report: LI slow in regaining jobs lost in recession

newsday.com – Originally published: May 31, 2012 7:50 PM Updated: May 31, 2012 10:26 PM By JAMES T. MADORE  james.madore@newsday.com Long Island lags most of New York State in regaining jobs lost in the recessio…

German Unemployment Steady In May, Jobless Rate Falls

rttnews.com – 5/31/2012 6:18 AM ET (RTTNews) – The number of persons out of work in Germany remained unchanged in May, while the jobless rate ticked down suggesting that the economy’s strong resilience to the tu…

Florida’s Unemployment Claims System Illegally Denies Benefits to Tens of Thousands of Jobless

unemployedworkers.org – Unemployed workers in Florida are being systematically shut out of receiving their unemployment insurance benefits at alarming rates under a new set of procedures put in place by the state, and the…

Business – Jordan Weissmann – The 10 Big City Regions With the Best (And Worst) Unemployment – The Atlantic

theatlantic.com – Need a job? Move to Oklahoma City if you’re into open space. Or maybe Washington, DC, if you’re a political nerd. Or, even New Orleans, if you’d like liberal open container laws.    This week the B…

EconomicPolicyJournal.com: How New French Law Will Increase Unemployment among the Unskilled

economicpolicyjournal.com – The new Socialist French government has issued guidelines limiting CEO pay to 20 times that of the lowest paid worker. So if I am a CEO, I start eliminating as many low paid employees as possible, …

CAW Economist Debunks “Myth” of Labour Shortage, Says True Unemployment Rate is Over 12 Per cent | Canadian Auto Workers

caw.ca – CAW Economist Jim Stanford testified today that Canada faces years of continuing surplus labour supply, not a looming labour shortage. Stanford appeared before the House of Commons Standing Committ…

U.S. Filings for Unemployment Aid at Five-Week High | Business

business.time.com – (WASHINGTON) — The number of Americans seeking unemployment benefits rose last week to a five-week high, evidence that the job market remains sluggish. The Labor Department said Thursday that weekl…

The Austerity Agenda – NYTimes.com

nytimes.com – “The boom, not the slump, is the right time for austerity.” So declared John Maynard Keynes 75 years ago, and he was right. Even if you have a long-run deficit problem — and who doesn’t? — slashing…