Job Market Monitor
Michel Cournoyer
UK / Two Yorkshire councils cut 1,000 jobs
TWO Yorkshire councils have drawn up plans to cut about 1,000 jobs in a further round of spending cuts. Bradford Council is looking to reduce the number of posts by 696 over the next two years and neighbouring Kirklees Council expects to shed 300 posts next year. Council leaders in Bradford have drawn up budget … Continue reading
Germany / Unemployment at one-year low but …
In 2013, unemployment in Germany was never lower than in the month of October, and more Germans than ever in the past 23 years had a job. But latest figures also show that the German jobs boom is faltering. In October, some 2.8 million Germans were officially registered as unemployed – about 47,760 less than … Continue reading
US / Mid-sized firms add more than 1.25 million jobs in 2013 while large corporations cut more than 3 million jobs
Mid-sized firms are on track to add more than 1.25 million jobs in 2013, which would account for 7 out of every 10 new jobs created this year. In addition, the nearly 200,000 companies representing the U.S. middle market grew revenue at 5.5% over the past 12 months, more than double the rate of S&P … Continue reading
Embraer / To add 600 jobs in Florida
After opening an aircraft assembly facility in Jacksonville, Embraer is still growing its Florida presence. The state is working on a deal that could add 600 jobs at Melbourne International Airport. Gov. Rick Scott announced Tuesday that Embraer jet manufacturer has selected the Space Coast airport to build its Legacy 450 and Legacy 500 planes. … Continue reading
Thomson Reuters / To cut 3,000 jobs
Financial news and data provider Thomson Reuters has said it will cut a further 3,000 jobs as part of a continuing cost-saving plan. The latest cuts are in addition to 2,500 job losses announced in February. Like the earlier cuts, the jobs will mainly go in its financial and risk unit, responsible for renting out … Continue reading
Japan Tobacco / To cut 1,600 jobs
Japan Tobacco Inc. (2914) is cutting 1,600 jobs and closing four factories in the country as part of its plan to boost domestic competitiveness and profitability. The job cuts, or about 18 percent of the company’s workforce, will be made through a voluntary retirement program that will be offered to eligible employees in the Japanese … Continue reading
US / Private job gains lowest in six months reports ADP
Private-sector employment growth slowed in October, as firms adding the fewest jobs in six months and Washington’s partisan bickering over spending hit the labor market, payrolls processing firm Automatic Data Processing Inc. reported Wednesday. Private employers added 130,000 jobs this month — the fewest since April — down from 145,000 in September, according to ADP. … Continue reading
US Higher Ed / Hiring in English and foreign languages drop
After two years of slight growth, hiring for faculty positions and other full-time jobs in English and foreign languages was down year-over-year, according to a new report from the Modern Language Association Continue reading
China / Xinjiang Uygur Autonomous Region solution to grads unemployment
In 2010, Xinjiang Uygur Autonomous Region in northwest China faced a formidable problem. About 75,000 college graduates were without jobs, 83 percent of them from ethnic minorities and 60 percent female. It was a difficult and pressing issue for the region. According to a survey carried out by the National Bureau of Statistics Survey Office … Continue reading
Job Search / While You’re Still Employed …
Most career experts would tell you to start looking for a new job while you’re still employed. But when you do—you must tread carefully. I spoke to Andy Teach, a corporate veteran and author of From Graduation to Corporation: The Practical Guide to Climbing the Corporate Ladder One Rung at a Time, Sara Menke, the … Continue reading
Higher Education in US / It Pays, but a lot more for some graduates than for others
As they enter the labor market, some graduates earn far more than others. Prospective students need sound information about where their educational choices are likely to lead Continue reading
Israel Defense Forces / To cut 4,500
Hebrew daily “Yediot Ahronot” reports that the IDF will fire 4,500 career officers and NCOs by the beginning of 2015 in order to cut costs Continue reading
Chinese Students in US / One in four drop out of Ivy League schools
One in four Chinese students attending Ivy League universities in the US drop out, according to a study on recruitment of returned overseas graduates Continue reading
Sears Canada / To cut nearly 1,000 jobs as 5 stores close
Nearly 1,000 people could be out of work after Sears Canada announced Tuesday it will be closing five stores in the hopes of saving $400 million Continue reading
UK / Tata Steel cut around 500 jobs
Tata Steel, Europe’s second-largest steel producer, said on Tuesday it could cut around 500 jobs under plans to restructure the part of its British business that supplies the construction and engineering industries. Changes to its long products business – which makes tubes, rails and rods, used in many industrial sectors – will affect management and … Continue reading
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