Job Market Monitor
Michel Cournoyer
Nokia / To slash 8500 jobs
The troubled Finnish telecoms giant Nokia is considering slashing 8500 jobs, or around 17 per cent of its workforce, at equipment arm Nokia Siemens Networks, which provides infrastructure for mobile carriers. Nokia’s equipment arm, which is profitable in contrast to its loss-making consumer handsets business, is under pressure as it faces increased competition from rivals … Continue reading
Australia / Labour market continues to weaken
The summary ABS Labour Force (seasonally adjusted) estimates for July 2013 are: Employment decreased 10,200 (0.1 per cent) with full-time employment falling by 6,700 and part-time employment falling by 3,500. Unemployment decreased by 5,700 (0.8 per cent) to 705,400 but only because the labour force shrank on the back of a declining participation rate The … Continue reading
US / Layoffs falls to pre-recession level but jobless claims edges 5,000 higher
US – it appears that a long cycle of aggressive layoffs, which had fuelled a surge in unemployment and helped shape two presidential elections, is over but last week, initial jobless claims edged 5,000 higher Continue reading
Eurozone / The recession is over, but youth unemployment hits record 65 pc in Greece
The Euro Zone recession is over but those aged 15 to 24 in Greece remained the hardest-hit as the jobless rate for this age group registered 64.9 percent Continue reading
HR / A Better Workplace with Recognition Tied to Organizational Values
Recognition aligned with core values leads to more effective managers Continue reading
France / Hollande plans to stimulate the jobs market right now
France – Hollande’s plan is simple. The plan to stimulate the jobs market right now. Continue reading
US / Job Market Crawling Along
US – The chart of the change in the employment-to-population ratio—the percentage of working age population that is actually working—still reveals no sign of a takeoff Continue reading
Job Search / Use Smart Networking
A critical tactic in your job search toolbox is networking, but it may not feel as though your efforts are getting the results you want Continue reading
UK / Interest rates to be held at record low until unemployment falls below 7 pc
UK – MARK Carney, the new governer of the Bank of England, today vowed to keep the interest rate at 0.5 per cent until at least the end of 2016 unless inflation rises sharply Continue reading
Italy / Recession Hits A Record Duration
Italy’s recession has now extended into an eighth consecutive quarter, meaning it has lasted a record two years Continue reading
Portugal / Unemployment Rate 2Q: 16.4%
Portugal Unemployment Rate 2Q: 16.4% Continue reading
Metso / To cut 750 jobs
Most of the 750 jobs to be eliminated are in Finland. Continue reading
China / Jobless graduates may exceed 3 M
Over 3 million graduates in China are struggling to find jobs this year, according to a report on China’s social security, released on Sunday Continue reading
US / A lot of new jobs are low-pay or part-time – Business news – Boston.com
The 162,000 jobs the economy added in July were a disappointment. The quality of the jobs was even worse.
A disproportionate number of the added jobs were part-time or low-paying — or both. Continue reading
Spain / IMF urges urgent action to create jobs
Spain’s reform progress and a correction in its fiscal and external imbalances are helping it to stabilise its economy, but urgent action is needed to create jobs and stimulate growth, the International Monetary Fund said. The IMF, in a yearly assessment of Spain’s economy, on Friday projected a slow and difficult turnaround from eight straight … Continue reading
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