Job Market Monitor
Michel Cournoyer
Ericsson / 318 Receive Layoff Notice in Sweden
LM Ericsson Telephone Co. (ERIC: Quote) Tuesday said it has initiated union negotiations to close down its telecom cables operation within business unit Networks. The decision primarily impacts the operations in Hudiksvall and Stockholm. A notice of reduction of 318 positions in Hudiksvall has been given, while a dialog with the unions in Stockholm for … Continue reading
Oklahoma / Unemployment Benefits and Disaster Assistance
Disaster Assistance In order to qualify for disaster unemployment benefits your employment or self-employment must have been lost or interrupted as a direct result of a major disaster, and you must have been determined not to be eligible for regular state unemployment insurance. Major disasters have been declared in some counties in Oklahoma, and information on … Continue reading
Australia / Unions call for minimum wage rise
Unions have called for a $30 weekly pay rise for minimum wage workers, but a business group is calling the proposal reckless. The Fair Work Commission (FWC) is hearing final submissions for its annual minimum wage deliberations in Melbourne on Tuesday. ACTU President Ged Kearney has called for a $30-a-week minimum wage hike. The proposal … Continue reading
UK / The truth about welfare
Our welfare system today is politically toxic and the public debate about it has become untethered from evidence or a semblance of rational discussion. Beneath the hyperbole, the government’s welfare reform agenda offers no solution to this deep crisis of legitimacy. For three decades, successive governments have pursued broadly similar strategies that have had mixed … Continue reading
Sweden / Unemployment Unchanged in April
Swedish unemployment stayed unchanged last month as companies have cut jobs to cope with a strengthening krona and faltering demand from the recession-burdened euro area. Seasonally adjusted unemployment was unchanged at 8.4 percent from the previous month, Stockholm-based Statistics Sweden said today. The rate was predicted to fall to 8.3 percent, according to the median … Continue reading
Finland / April unemployment at 8.8%
According to Statistics Finland, April unemployment stood at 8.8%. In March the figure was 9%. In April 2012, it was 8.4%. Figures from the Ministry of Employment and the Economy show that there were around 40,000 more unemployed job seekers in April than there were one year previously. The rate of unemployment among men last … Continue reading
LinkedIn / Finding recruiters
Let’s look at LinkedIn it from a candidate perspective first. How do you find recruiters that are posting jobs that may well be of interest to you? Don’t use the main search bar at the top of the LinkedIn page, click on the advanced search to the side. Now you can use the extra field … Continue reading
UK / Work Programme failing, say MPs
A scheme to help the unemployed find work appears to be failing the most disadvantaged jobseekers, according to MPs on the Work and Pensions Committee. Their report said support for the mainstream jobless in the government’s Work Programme, launched in June 2011, was getting better after a poor start. But it said there was growing … Continue reading
UK / Tech City Startups / Skilled Manpower Shortage Is The Biggest Challenge
More than 40% of Tech City companies say a shortage of skilled workers is the biggest challenge they face, with three quarters blaming the employee shortfall for restricting growth. Research firm GFK interviewed 141 founders, chief executives, managing directors and chief operating officers of Tech City-based companies during March and April this year and also … Continue reading
Brazil / Govt Has Created More than 4 Million Jobs since 2011
Brazilian President Dilma Rousseff, stated today that more than four million new formal jobs have been created since 2011, an important step in reducing inequality in the country. More jobs and wage increases are key factors for reducing inequalities in the country, Rousseff stressed today in her weekly radio program, “Coffee with the President.” “If … Continue reading
China / Govt workers least satisfied
Government employees in China are the unhappiest with their job compared to their compatriots in other industries, according to a survey conducted by the Institute of Psychology under the Chinese Academy of Sciences and the recruitment website zhaopin.com. Among 9,072 respondents surveyed, government employees rank the last in 12 industries in terms of self-satisfaction, with … Continue reading
US / Youth Unemployment Will Cost $18 Billion Over The Next Decade
America has a youth unemployment problem, and it’s not just the kids who are suffering. The nation is poised to lose $18 billion in wages over the next decade due to high youth unemployment, according to a Bloomberg Brief from Bloomberg Senior Economist Joseph Brusuelas. Brusuelas estimated that about 1.3 million 16- to 24-year-olds have … Continue reading
US / Suburban poverty soars
Poverty is growing faster in the suburbs than anywhere else in the United States, soaring 64% over the past decade. That was more than twice the growth rate of the urban poor population, according to the Brookings Institution, which has released Confronting Suburban Poverty in America. There are now almost 16.4 million suburban residents living … Continue reading
Europe / Fighting Youth Unemployment, a Priority ?
Four years ago — that was before the euro crisis began. Since then, the Greek government has approved a series of austerity programs, which have been especially hard on young people. The unemployment rate among Greeks under 25 has been above 50 percent for months. The situation is similarly dramatic in Spain, Portugal and Italy. … Continue reading
Rising inequality jeopardizes economic recovery says Federal Reserve’s Sarah Bloom Raskin
A top ranking member of the United States Federal Reserve cautioned economists this week that growing inequality within the US was worsening the odds of a quick return to the conditions of the pre-recession days. Fed Board of Governors member Sarah Bloom Raskin was in Washington, DC on Thursday, and during an address before the … Continue reading
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