Job Market Monitor
Michel Cournoyer
Magna / To cut jobs in Europe and US
Canadian auto parts maker Magna International plans to cut jobs in Europe and the United States as it seeks to reduce costs and offset weak demand in Europe, Chief Executive Donald Walker told German magazine WirtschaftsWoche. Chosen excerpts by Job Market Monitor via Canada’s Magna to cut jobs in Europe, U.S.: report | Reuters.
The Great Recession: 4,750 “excess” suicides in US, 1,000 in UK
In a book to be released this month, professors David Stuckler and Sanjay Basu say suicide rates in both the U.S. and the U.K. increased after the end of 2007, which marked the beginning of the recession in the U.S. They calculate there were 4,750 “excess” suicides during the slump in the U.S., compared with … Continue reading
Canada and the Talent War / Governments are courting skilled workers
Canadian governments, at both the national and provincial levels, are courting skilled workers such as plumbers, pipefitters, electricians and others from the U.S. and elsewhere. In addition to the program under which Thomas was hired, a category for specific trades began in January to address labour shortages while easing the path to residency, the federal … Continue reading
Mining / South Africa / Amplats to cut 14,000 jobs
Anglo American’s platinum arm is expected to cut 14,000 mining jobs as part of the loss-making business. According to industry sources, the mining company is under pressure from South African government. Anglo American Platinum, the world’s top platinum producer, is battling to restore profits and is planning to cut back production and mothball two mines … Continue reading
India / Employability / Classle launches ‘Ready Steady Jobs’
Classle has launched Ready Steady Jobs, a programme to tackle the employability issue. The training, according to Vaidya Nathan, Chief Executive and Founder of Classle, would consist of a series of video tutorials, discussions and assignments, targeted at helping students develop the skills required to land a satisfying job. ‘It is open to students across … Continue reading
(Update2) US / Employment rose by 165,000 in April, unemployment rate to four-year low, but still …
Total nonfarm payroll employment rose by 165,000 in April, and the unemployment rate was little changed at 7.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services,food services and drinking places, retail trade, and health care. Household Survey Data The unemployment rate, at 7.5 percent, changed little in April but … Continue reading
Nuclear / Duke Energy is cutting 585 jobs at Crystal River
Duke Energy issued a notice to the state this week that it intends to transfer or lay off 585 employees at the shuttered Crystal River nuclear plant over the next year or so. The utility expects to begin layoffs May 31. As many as 58 workers face termination by June 30. Duke announced in February … Continue reading
US Unemployment Rate / Why Not Target a 3% ?
Sad to say, the Fed considers 5.2 percent to 6 percent the economy’s long-run normal rate of unemployment. Achieving that rate would be a vast improvement over today. Still, once upon a time and not all that long ago, America’s elites strived for full employment, a catchphrase now relegated to economic history. Full employment was … Continue reading
Blatant age discrimination hurts employers, not just older workers
Is age discrimination a hushed secret or a blatant action by employers filling vacant jobs? Nick Corcodilos explains why the practice continues despite some companies’ worries that they are losing out on the institutional knowledge and experience that older workers can bring to the table. James — New York: Why aren’t you addressing blatant age discrimination? … Continue reading
Euro Zone / Economy to contract in 2013
The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years. France, Spain, Italy and the Netherlands – four of the five largest euro zone economies – will be in recession … Continue reading
Europe / Barroso calls for ‘ambitious’ youth jobs plan
European Commission president Jose Manuel Barroso on Thursday urged Europe’s leaders to come up with an “ambitious” jobs plan for youth at a June summit, as he held talks with new Italian premier Enrico Letta. Winding up a tour that has taken him to Berlin, Paris and Brussels to present his economic recipe for Italy, … Continue reading
US / Private-sector jobs growth slows in April according to ADP
Private-sector employment growth slowed down in April, hitting the lowest result in seven months as tax hikes and government spending cuts took a toll, Automatic Data Processing Inc. reported Wednesday. Private employers added 119,000 jobs in April, the weakest gain since September, compared with 131,000 in March, according to ADP’s monthly report. “Job growth appears … Continue reading
US / Jobless claims fall sharply to five-year low
The number of Americans filing new claims for jobless benefits fell sharply last week to its lowest level since the early days of the 2007-09 recession, suggesting the job market is still healing despite weakness in the broader economy.Other data on Thursday showed a narrowing of the U.S. trade gap in March, although drops in … Continue reading
When Job Search Goes Wrong
Sometimes, despite your best efforts to do the right thing, job searching can go really wrong. It should be clear that it’s not smart to say: “My last employer made me a scapegoat, just as my three previous employers did.” in your cover letter, but one job seeker did. I feel bad for the job seeker who wrote that … Continue reading
LinkedIn / Most Popular Site for Social Recruiting finds Bullhorn Reach
If you’re beginning to think every one is using LinkedIn to source candidates, you’re close to right. Nearly every survey on source of hire or use of social media by recruiters shows LinkedIn to be a key part of the mix; often it leads all the listed social media sites. The company itself reported adding … Continue reading
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