Job Market Monitor
Michel Cournoyer
REpower Systems to cut 750 jobs
REpower Systems SE, the Indian wind turbine maker Suzlon Group’s German arm, said on Friday it would reduce up to 750 jobs across the world as part of its plan to achieve cost savings of about 100 million euros ($130 million) in the current fiscal year. “Whilst the long-term outlook for the sector remains strong, … Continue reading
Electronic Arts / Layoffs for hundreds of employees
Electronic Arts announced on April 25 that the company is currently going through an organization restructure. As a result of this restructuring, it has led “to some difficult decisions to reduce the workforce in some locations.” The company went on to share that they are grateful for the contributions made by each of their employees … Continue reading
Community-wide Job Loss on Student Achievement : Research finds positive effects on student enrollment in courses that keep them on-track to attend college
‘Understanding the impact of job loss on student achievement has grown increasingly important given the widespread job loss that occurred during the Great Recession’ writes Andy Chiamopoulos in The Effects of Community-wide Job Loss on Student Achievement on dukespace.lib.duke.edu. (Adapted chosen excerpts by Job Market Monitor to follow) The author evaluates the impact of the county-level job loss within North Carolina on 9 classes … Continue reading
Iberian Peninsula: Protesters for “6.2 million reasons”
The Iberian Peninsula has once again been engulfed in protest, as police used brute force to disperse thousands in front of the Spanish Parliament in Madrid while in Portugal citizens climbed on top of a tank to make themselves heard. Police detained at least 15 in Madrid, including one minor, as they used force to … Continue reading
Banks aren’t the big jobs machines they used to be
One after another, major financial firms are trimming their payrolls. In first-quarter earnings announcements this month, Bank of America, Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley revealed that they have slashed more than 31,000 jobs, or 3.5 percent of their combined workforce, in the past year. For three of those banks, it was the … Continue reading
The number of young people out of work globally is nearly as big as the population of the United States
“YOUNG people ought not to be idle. It is very bad for them,” said Margaret Thatcher in 1984. She was right: there are few worse things that society can do to its young than to leave them in limbo. Those who start their careers on the dole are more likely to have lower wages and … Continue reading
US / Hearing on long-term unemployment: Who cares?
When the Joint Economic Committee’s hearing on fixing the nation’s problem kicked off on Wednesday, April 24, only one lawmaker was in attendance: Sen. Amy Klobuchar, the Committee’s vice chair who was holding the hearing. (Niraj Chokshi) It stands to reason that lawmakers who often decry the high jobless rate would want to be seen … Continue reading
Florida / Unemployment Regime Violates Civil Rights Says DOL
Florida violated federal civil rights law with its new and unusual requirement that unemployment claimants file online and take math and reading tests before they can receive benefits, the U.S. Labor Department determined this month. The department’s Civil Rights Center’s initial determination lays out the problems some non-English speakers and people with disabilities have encountered … Continue reading
France / A Lost Generation There Too
When she embarked on a university degree at 18, Caroline never imagined she would still be living like a student a decade later, unable to land a permanent job and stuck in a cramped spare room in her father’s flat. An engaging 27-year-old with a literature degree and a masters in communications, she is one … Continue reading
US / What about the 22 percent of young people who drop out of high school?
In the U.S., the percentage of high school graduates by state ranges from 62 percent (Nevada) to 88 percent (Iowa), with an overall average of 78 percent. What about the 22 percent of young people who drop out of high school? What are their prospects? From a historical perspective, this chart shows the economic impact … Continue reading
US Gender Gap / 11 of 15 top-paying jobs dominated by men
The balance of genders among top professions leans heavily toward men but women are making strides forward, U.S. employment firm CareerBuilder said. “While employers have made strides in equalizing compensation for both genders, historical gaps are still present in some organizations today,” Rosemary Haefner, vice president of Human Resources at CareerBuilder said in a statement. … Continue reading
US / More older Americans and retirees working seasonal and temp jobs
Many older Americans and retirees are now working temporary and seasonal jobs as well as project assignments. There is a big demand in this area as employers generally do not have to pay benefits and the costs of off boarding are minimal by comparison to having to let a full-time person go. Any time employers … Continue reading
Sri Lanka / Obstacles to creating jobs should be removed says the World Bank
Sri Lanka can help citizens better themselves by removing obstacles to creating new and better jobs, including for women, the World Bank said. The development agency based on the theme of its World Development Report 2013, says creating opportunities for jobs are critical for reducing poverty. “One of the biggest challenges facing Sri Lanka is … Continue reading
US Veterans / Companies honored for hiring
We know the problem: the jobless rate for military members who have served our country since 9/11 is significantly higher than the general population. Each year, the Families and Work Institute, a non-profit and non-partisan research organization, honors companies that have gone the extra mile to help vets as they return to the civilian workplace. … Continue reading
BC / Vancouver Sun and The Province to cut jobs
Employees at two of B.C.’s biggest newspapers were warned Wednesday that their jobs are on the line in the midst of severe revenue declines. Staff at the Vancouver Sun and The Province received a four-page memo from their new president detailing the company’s financial woes. Gordon Fisher, the new president and publisher of Pacific Newspaper … Continue reading
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