Job Market Monitor
Michel Cournoyer
Older Workers in Canada / Over one-half of workers aged 55 to 64 who left long-term jobs between 1994 and 2000 were re-employed within a decade
Many older workers who leave long-term jobs do not fully enter retirement. In fact, over one-half of workers aged 55 to 64 who left long-term jobs between 1994 and 2000 were re-employed within a decade Continue reading
Malaysia / Vocational students to increase by 20 per cent this year
The Education Ministry is transforming vocational education in the country by expanding its physical facilities to accommodate an increase of 20 per cent more students this year. Deputy Prime Minister Tan Sri Muhyiddin Yassin said it was aimed at meeting the trained manpower needs in various industries which required skilled workers. He said the reception … Continue reading
Airbus / To cut 5,291 jobs in Germany
Airbus Group (AIR.PA) has told its unions it will shed the equivalent of 5,291 jobs as part of a restructuring of its defense and space activities, with the axe falling most heavily in Germany, a union source said on Monday Continue reading
The Fastest-Growing Jobs in the US / A Closer Look
Hospital rooms, shopping floors, and fast-food counters: This is where the future of U.S. employment lives. But there are two catches Continue reading
Rabobank / To cut up to 2,000 jobs in Netherlands
Rabobank Group, a Dutch lender, is planning to cut between 1,000 and 2,000 jobs in the next several years, as part of a strategy to trim down costs by 2016. Rabobank CEO Ralf Dekker was quoted by NL Times as saying “Operating from within a central organization with lower overhead, makes it better, faster, and … Continue reading
Layoffs in Pharmaceuticals / The top 10 largest in 2013
The patent cliff is often the big culprit. One might think that a one-to-one relationship could be graphed between what is happening with the patent cliff and layoffs, but that is not the case Continue reading
US Solar Industry / Nearly 24,000 additional solar workers over last year
On January 27th, 2014, The Solar Foundation released National Solar Jobs Census 2013, which found that the U.S. solar industry currently employs over 142,000 Americans Continue reading
Canada’s Job Record / Clearly near the top
According to the OECD, Canada comes out on top if you look at the employment rate of everyone over the age of 15 Continue reading
Lloyds / To cut 1,080 jobs
Lloyds Banking Group plans to axe 1,080 jobs and outsource more than 310 roles as part of a continuing overhaul of the business Continue reading
Labor force projections to 2022 for the US / The overall labor force participation rate is expected to decline writes the BLS
Because of the decreasing labor force participation rate of youths and the prime age group, the overall labor force participation rate is expected to decline. The participation rates of older workers are projected to increase, but remain significantly lower than those of the prime age group. A combination of a slower growth of the civilian … Continue reading
US / The decline of manufacturing employment and trade with China
U.S. manufacturing employment fluctuated around 18 million workers between 1965 and 2000 before plunging 18 percent from March 2001 to March 2007. In this paper, the authors find a link between this sharp decline and the U.S. granting of Permanent Normal Trade Relations (PNTR) to China. Industries where the threat of tariff hikes declines the … Continue reading
Europe / 31.2 million people of all ages are either looking for jobs, willing to do so
Euro-area data this week will probably show the region ended 2013 with a record jobless rate that reveals only part of the social legacy of the debt crisis. While economists predict unemployment in December stayed at an all-time high of 12.1 percent, with about 19 million jobless, that tally excludes legions of adults who would … Continue reading
US Veterans / 100,000 Jobs Mission reaches goal seven years early
The 100,000 Jobs Mission announced today that its coalition members hired a total of 117,439 U.S. military veterans by the end of 2013 — surpassing the coalition’s original goal seven years early. “Reaching this important milestone is great news for veterans and employers alike,” said Maureen Casey, Director of Military and Veterans Affairs at JPMorgan … Continue reading
Wal-Mart’s Sam’s Club / To cuts 2,300 jobs
Wal-Mart Stores Inc (WMT.N) said on Friday it had cut 2,300 jobs, or roughly 2 percent of the total workforce at its Sam’s Club retail warehouse chain, its biggest round of layoffs since 2010. The action follows a lackluster U.S. holiday season and layoffs announced earlier this month from U.S. retailers Macy’s Inc (M.N), J.C. … Continue reading
Jobs problem will be “the defining one” for next 20- 30 years says Google chief in Davos 2014
“It’s clear to me that we can get full employment, but wages are still depressed,” Schmidt told the forum. Continue reading
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