Businesses added 166,000 jobs in January, the U.S. Labor Department announced Friday, while the government eliminated 9,000. The twin trends have been a signature of the past three years of economic recovery. For some state workforce agency staffers, the overall improvement is bad news. With fewer people claiming unemployment insurance benefits, state unemployment agencies will … Continue reading
Symantec Corp, which completed a strategic review in January, plans to lay off a significant number of managers and reorganize internally into 10 main business areas, but has decided not to sell off major assets for now. Chief Executive Officer Steve Bennett told Reuters in an exclusive interview that Janice Chaffin, consumer business president, will … Continue reading
We Americans must be a remarkably patient people. It ‘s been four years since Wall Street ruined the economy, we’re nearly nine million jobs behind where we need to be, and for years our politicians have debated how much less – not how much more – they’ll do about it. We’ve patiently endured lectures about … Continue reading
Foxconn Technology Group, the assembler of most of the world’s top-selling electronic gadgets including Apple Inc’s iPhone, is trying to raise participation in its union as part of efforts to dispel a rash of bad publicity over poor working conditions and labor disputes. Taiwan’s Foxconn, which employs more than 1 million people, mostly in China … Continue reading
The new rate, R36 more than the current minimum wage of R69 a day, would take effect from March 1. “The new minimum wage… is R105 per day for employees who work nine hours a day, or R11.66 per hour, R525 weekly, or R2274.82 per month,” Oliphant told reporters in Pretoria. This new sectoral determination would … Continue reading
We can now discern more or less when the catch-up growth miracle will sputter out. Another seven years or so – enough to bouy global coal, crude, and copper prices for a while – but then it will all be over. China’s demographic dividend will be exhausted. Beijing revealed last week that the country’s working … Continue reading
Some of Ireland’s leading employers will gather in Dublin’s Convention Centre on Saturday to offer graduates up to 3,500 positions. The Career Zoo is being organised by the Department of Jobs, Enterprise, and Innovation, among others. Commenting on the initiative, Jobs Minister Richard Bruton said: “The Government’s plan for jobs and growth is focused on … Continue reading
Sweden’s immigration minister has told a newspaper that Sweden needs to tighten rules for asylum seekers and other would-be immigrants to reduce the number of people coming into the country. “Today Sweden is one of the countries that receives the most immigrants in the EU. That’s not sustainable,” Tobias Billstroem told the Saturday edition of … Continue reading
The New York State Thruway Authority is planning 234 layoffs to help shore up its finances, but no toll increases are planned. Thruway spokesman Dan Weiller says the layoffs of full-time workers will be in all regions, including the Albany headquarters. The authority employs 2,968 workers. Weiller says no toll increases of any type are … Continue reading
Every business faces ups and downs, and how a business reacts and adapts to a downturn plays a large part in its success. During tough economic times, businesses often face difficult decisions and can be forced to lay off valuable, trained employees in order to survive. Not only do businesses lose their skilled employees and … Continue reading
Three years ago, a terrible thing happened to economic policy. Although the worst of the financial crisis was over, economies on both sides of the Atlantic remained deeply depressed, with very high unemployment. Yet the Western world’s policy elite somehow decided en masse that unemployment was no longer a crucial concern, and that reducing budget … Continue reading
Lonna Szczesny has helped thousands of women gain skills and move from unemployment to work or a better job. Now she’s retiring after 23 years at the nonprofit Resource, most recently as director of women’s programs at the nonprofit’s Employment Action Center. She recently received the inaugural “lifetime achievement award” of the Minnesota Women’s Consortium. … Continue reading
“We learned a lot with Toyota,” he said. “The wonderful thing about having such a world-class company come and choose to bring high-paying manufacturing jobs is that it amplified the value of the state to have a cohesive outreach plan on the state and local level.” A decade later, officials again have teamed up, this … Continue reading
“Reforms to the Employment Insurance (EI) program should focus on removing barriers to mobility by creating uniform, nationwide entrance requirements and benefit entitlement period” write Colin Busby and David Gray in Mending Canada’s Employment Insurance Quilt: The Case for Restoring Equity published at cdhowe.org. “Under the current EI system, long-lasting EI benefits are more easily accessed in … Continue reading
Work is ‘changing nature’ with respect to Employment Insurance writes MORLEY GUNDERSON in EMPLOYMENT INSURANCE IN THE NEW WORLD OF WORK on mowateitaskforce.ca. “The demand-side changes include: skill-biased technological change, especially associated with the computer revolution and the shift to a knowledge economy; trade liberalization; globalization and offshore outsourcing; industrial restructuring mainly from manufacturing to … Continue reading