In August, 511,900 people received regular Employment Insurance (EI) benefits, up 1.5% (+7,800) from July. Compared with August 2012, the number of beneficiaries fell by 7.8%. The majority of provinces saw increases in the number of beneficiaries in August compared with July, most notably Alberta, British Columbia, Nova Scotia and Quebec. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
Truckmaker Volvo is cutting 2,000 jobs after investments in new models and a rising Swedish kronor held back third-quarter profits Continue reading
Two of Sweden’s manufacturing heavyweights unveiled plans to cut thousands of jobs Continue reading
Swedish home appliances company Electrolux (ELUXb.ST) announced 2,000 job losses and launched a new round of cost cuts to counter tough market conditions in Europe Continue reading
Those who work with immigrants in New Brunswick say creating more jobs is what\’s needed to attract more immigrants to the province. The New Brunswick government released a paper this month asking the public for suggestions on how to bring more immigrants to the province and retain young people. Leentje Deleuil of the New Brunswick … Continue reading
At 2.6 years per job, over 50+ years in the workforce, plus several temp assignments and contracts means that Gen Y can expect to hold 20-25 jobs over the course of a career. Continue reading
In a labor market with strong job opportunities, the ratio would be close to 1-to-1, as it was in December 2000 (when it was 1.1-to-1) Continue reading
French jobless claims rose in September by the highest margin since the depths of the financial crisis in early 2009, hitting a new record and dealing a blow to President Francois Hollande\’s pledge to quickly reverse rising unemployment. However, the Labour Ministry attributed the rise largely to the inclusion of some unemployed people omitted from … Continue reading
Europeans believe that unemployment is by far the main problem that their country is facing. Continue reading
South Korea is ageing faster than any other country in the OECD. Last year almost 12% of the population were aged 65 or over. By 2030 that proportion will double Continue reading
“HP expects approximately 7,095 employees to exit the company or to be re-deployed into new roles that better fit the future needs of the company and its customers,” the statement read Continue reading
Bank of America Corp is looking to cut 3,000 mortgage jobs before the end of the year Continue reading
Initial claims for state unemployment benefits fell 12,000 to a seasonally adjusted 350,000, the Labor Department said. “Underlying labor market conditions probably are not as bad as the recent claims data suggest,” said Daniel Silver, an economist at JPMorgan in New York. Technical problems as California converted to a new computer system have distorted the … Continue reading
Panasonic Corp. plans to cut up to 50 percent of the workforce in its semiconductor business — 7,000 employees — by March 2015 and sell off some of its factories Continue reading
Broadcom said that during the third quarter it started a restructuring plan to reduce expenses, including cutting its workforce by up to 1,150 employees. Like larger Intel, Broadcom has been slow to launch chips featuring multimode, carrier-validated LTE, or Long Term Evolution, a technology allowing fast data transfer rates in smartphones that has become widely … Continue reading