Job Market Monitor
Michel Cournoyer
Online Job Search / Common Mistakes
Avoid these 12 common online job search mistakes, which I call the “Dirty Dozen”: Posting Your Resume Without Worrying About Privacy Using Only the Big name Web Job Sites Using the “Fire-Ready-Aim” Method of Distributing Your Resume Limiting Your Job Search Efforts to the Internet Only Applying for Jobs Without Meeting the Minimum Qualifications Depending on E-mail … Continue reading
Weatherford / The oilfield services provider to cut 7,000 jobs
Oilfield services company Weatherford International Ltd (WFT.N) said it would cut 7,000 jobs and estimated fourth-quarter profit below its previous expectation, hurt partly by disrupted operations in the Middle East. Chosen excerpts by Job Market Monitor. Read the whole story at Oilfield services provider Weatherford to cut 7,000 jobs | Reuters.
US / Jobless Claims Climbed More Than Forecast Last Week
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT – SEASONALLY ADJUSTED DATA (DOL Press Release) In the week ending January 25, the advance figure for seasonally adjusted initial claims was 348,000, an increase of 19,000 from the previous week\’s revised figure of 329,000. The 4-week moving average was 333,000, an increase of 750 from the previous week\’s revised average … Continue reading
Youth and the Oil Industry in Canada / Wages, Employment and School Enrollment
Increased wages have a dual impact for young men: they tend to reduce their full-time university enrollment rates―at least temporarily―and to bring (back) into the labour market those who were neither enrolled in school nor employed. Continue reading
Airbnb / Thx to unemployment
The popular hotel-alternative Airbnb lets users snag homey accommodations when they’re traveling or rent their apartments to out-of-towners. Turns out, a huge percentage of those renters are offering up their living spaces due to unemployment,according to The Wall Street Journal. Chosen excerpts by Job Market Monitor. Read the whole story at Airbnb New Services Food And Cleaning … Continue reading
Europe’s High-Tech Workers / 22 million employed in the EU-27 or 10 percent of total employment in 2011 study finds
The authors analyse high-tech employment and wage trends in the European Union (EU-27) between 2000 and 2011.1 Using a broad industry-occupation framework, we define high-tech workers as those employed in a high-tech industry or a STEM (science, technology, engineering, and math) occupation. This comprehensive analysis of the high-tech workforce highlights the important role high-tech workers … Continue reading
Time Inc / Layoffs may hit sooner and harder than expected
Layoffs at the U.S. magazine publisher Time Inc. may hit sooner and harder than expected, according to reports. On Tuesday, the New York Post reported that almost 500 people, or about 6 percent of the company’s workforce, could be affected by the staff cuts. Women’s Wear Daily, meanwhile, reported that the layoffs could come as … Continue reading
President Obama 2014 State of the Union (Video) / Vice President Joe Biden would oversee a job-training-reform program
President Obama devoted a substantial portion of his 2014 State of the Union speech last night to explaining how he plans to improve the nation’s economy by connecting unemployed workers with skills-starved employers and strengthening the manufacturing sector. “That means more on-the-job training, and more apprenticeships that set a young worker on an upward trajectory … Continue reading
Canada Job Grant / Let us determine where cuts will be made says the provinces
Provincial labour ministers will send a counter-proposal to the federal govenment this week aimed at supporting a new Canada Job Grant while preserving training programs aimed at vulnerable Canadians. After a Tuesday meeting by phone, labour ministers agreed on the details of a counter-proposal that is expected to be sent to federal Employment Minister Jason … Continue reading
Women in Tech in India / Women earn less, get fewer opportunities
India’s ‘High Potential’ women in technology sector aim high but earn less, and get fewer opportunities for career advancement, says a report by Catalyst India WRC – a corporate membership community. Women in India’s technology sector begin their careers as equals with men, with similar aspirations to the highest levels including that of CEO. Despite … Continue reading
Norwegian Air / 5,500 applications for 300 US-based cabin-crew posts
Norwegian Air Shuttle AS (NAS) said it has received more than 5,500 applications for 300 U.S.-based cabin-crew posts as the discount carrier recruits staff for an expanding fleet of Boeing Co. 787 Dreamliner planes. About 170 people have been offered jobs in Ft. Lauderdale and New York, which the Fornebu-based airline serves from Scandinavia. Norwegian … Continue reading
Wärtsilä / To Cut 1,000 Jobs
Wärtsilä Oyj, the Finnish engine maker in the spotlight after Rolls-Royce discussed acquiring the company, said on Wednesday it plans to eliminate 1,000 jobs, or roughly 5% of its workforce, in response to intense competition and a slow-growth business environment. The move, intended to save €60 million in annual costs, came as the company posted … Continue reading
Immigration and Skills Gap in Canada / Skilled immigrants to be matched with vacancies
The federal government is looking to match skilled immigrants with unfilled jobs, in what it’s calling a new “fast and flexible system of economic immigration” it intends to have in place in January 2015. Under this new system, which the government has compared to “a dating site,” Ottawa would act as chief matchmaker between immigrants who want to move … Continue reading
Nordea Bank AB (NDA) / 2,500 jobs cut is not enough
Nordea Bank AB (NDA) will need to cut more than the 2,500 jobs already axed to adjust to slow growth, as Scandinavia’s biggest bank focuses on increasing rewards to shareholders, Chief Executive Officer Christian Clausen said. “Exactly how we’re going to do this thing is not that clear,” Clausen said today in an interview in … Continue reading
Inequality in US / 10 annual bonuses (Infographic)
Despite Occupy Wall Street protestations, the income inequality between top earners and bottom employees continues to rise, with JC Penney’s CEO making about 1,800 times more than the stock room boy. Here are 10 annual bonuses that will make you think twice about keeping your job. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
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