Job Market Monitor
Michel Cournoyer
China / Retirement age would be advanced a year
Workers in the mainland who want to stay in their jobs longer may be disappointed as a senior party spokesman said the retirement age would be advanced up to a year later as part of an experiment to deal with the country’s increasingly aged population Continue reading
US Jobless Claims / Fell for the fifth time in six weeks
The number of people filing for new unemployment benefits fell for the fifth time in six weeks, more evidence that the labor market is steadily improving. Initial claims for jobless benefits, a measure of layoffs, decreased by 21,000 to a seasonally adjusted 323,000 in the week ended Nov. 16, the Labor Department said Thursday. Economists … Continue reading
Ford in US / To add 350 jobs
Ford will add 350 jobs and invest $150 million at a US stamping plant as part of a major expansion of its capacity, the automaker said Thursday. The investment will be used to upgrade equipment at its Buffalo, New York facility and the new jobs will support a third shift of production. Ford said it … Continue reading
Recruiting in Canada / 39 per cent have been contacted through a social media website or network study finds
Ignore that request from LinkedIn or Twitter at your peril — it might be a job offer, according to a global study released Wednesday. The study, commissioned by U.S. human resources firm Kelly Services, found that 39 per cent of Canadians polled have been contacted through a social media website or network in the last … Continue reading
Canada / Mobility for work at highest level
The number of Canadian workers migrating between provinces in search of jobs has hit its highest level in almost 25 years, according to a Bank of Montreal analysis Continue reading
US Job Recovery and Men / The ‘1 million missing’
“Unemployed construction workers have left the industry, either to go back to school, retire or maybe leave the country. They’re no longer sitting at home waiting for a contractor to call them,” said Ken Simonson, chief economist for Associated General Contractors. He calls them the “1 million missing men.” Continue reading
IMF on the Gulf Region / Labor market reform would boost jobs
A new paper by IMF staff says that comprehensive labor market reforms are needed to reorient the Gulf Cooperation Council (GCC) economies toward greater employment of nationals in the private sector, improve productivity, and support progress toward economic diversification Continue reading
Tribune / To cut 700 jobs across the Chicago Tribune, Los Angeles Times and six other daily newspapers
Tribune Co. announced a restructuring of its publishing business Wednesday to focus on its digital efforts and streamline operations, resulting in nearly 700 job losses across the Chicago Tribune, Los Angeles Times and six other daily newspapers Continue reading
Immigrants in Germany / 555,000 more than last year came in the first six months of this year
German unemployment is lower and economic growth more robust than in most other EU member states, making it an attractive destination despite regulatory hurdles involved in moving and the language barrier. Continue reading
EADS / To cut up to 8,000 jobs at Airbus Defence & Space
European aeronautics group EADS is planning to cut up to 20 percent of the roughly 40,000-strong workforce at its newly created Airbus Defence & Space division, German news agency dpa reported on Wednesday, citing “informed sources”. A company spokesman declined to comment and said there would be more details announced on Dec. 9, when EADS … Continue reading
US Factory Workers / Wages Stagnate
“What’s being referred to as a recovery in manufacturing is to a large extent a recovery in profitability,” said Dean Baker, co-director of the Center for Economic and Policy Research, a Washington-based group funded by unions and private foundations Continue reading
Alitalia / To cut up to 2,600 staff ?
Alitalia may cut up to 2,600 jobs in its first mass lay-offs since the airline was privatized say union sources Continue reading
Job Search in December / A prime time for it
You think the holidays are a great time to kick back and take a break from your job search. “No one is hiring now, anyway.” Think again! Continue reading
Job Search by Grads / Study reveals what frustrates them most
They are most frustrated by a lack of communication and feedback, enduring long, drawn out selection processes, rude and condescending interviews and finding that the position that they’d applied for was actually quite different to the role that’s really on offer Continue reading
US Jobs Stats / No ‘systematic manipulation’ says Census: Systematic?
There is no sign U.S. jobs statistics have been compromised by broad-based employee fabrication of data, according to the Census Bureau. Continue reading
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