Job Market Monitor
Michel Cournoyer
Germany / Hewlett-Packard lays off 850 employees
Hewlett-Packard Co. HPQ -0.15% will close its site in Ruesselsheim, Germany, by the end of October and layoff about 850 employees–or 8.5% of its workforce in the country–as part of a previously announced broader restructuring effort. “The changes we are announcing in Germany today are a necessary part of our commitment to deliver our long-term … Continue reading
US / Boehner: Job Report shows Obama wrong to scrap president’s jobs council – The Hill’s Blog Briefing Room
Speaker John Boehner (R-Ohio) said the latest jobs report shows President Obama was wrong to close up his his jobs council. “This is the wrong time for President Obama to scrap his jobs council and delay his budget,” Boehner said in a statement released less than an hour after a new report found the jobless … Continue reading
US / Job growth needs to be at 284,984 a month to get to 5 percent unemployment within two years
Getting the economy to 5 percent unemployment within two years — a return to the rate that prevailed when the recession began — would require job growth of closer to 284,984 a month. There are now 12.3 million workers looking for work who cannot find it. The tally of those who are underemployed — that … Continue reading
Canada / Sears lays off 700 workers
Sears Canada announced Thursday it is laying off 700 workers across the country as part of a move to “right-size” the company and focus on restructuring its business. The national retailer says 360 people are being laid off from its department stores and about 300 from its distribution centres. The remaining workers are being let … Continue reading
Euro Zone / Youth unemployment rose by 303 000 in a year, reaching 57.6% in Greece
The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in December 2012, stable compared with November. The EU27 unemployment rate was 10.7%, also stable compared with November. In both zones, rates have risen markedly compared with December 2011, when they were 10.7% and 10.0% respectively. These figures are published by Eurostat, the statistical office of the European Union. Eurostat … Continue reading
US / The number of American working was up by only 17,000
The headline ” Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent”, the U.S. Bureau of Labor Statistics reported today. But the number of those working (SA) was up by only 17,000, after last month 28,000. This is by far not enough for a dent in the … Continue reading
Skills Gap / Transaction banking: a substantial talent shortfall
The appeal of the transaction services industry for new talent has never been higher, as high-impact, pejoratively dubbed ‘casino’ investment banking job opportunities vanish. Technologic nous and an ability to navigate new client demands – amid market and regulatory shifts – are key skills that budding transaction bankers must develop to make their names in … Continue reading
Japan / Jobs In Manufacturing Sector To 50-Year Low
Employment in Japan’s once-mighty manufacturing sector has fallen below 10 million for the first time in five decades, as a new government vows to stoke the struggling economy. Official employment data released Friday showed the number of workers in Japanese industry, which fuelled the country’s stratospheric rise from the ashes of World War II, slipped … Continue reading
US / No occupation spared from higher unemployment
The figure below shows unemployment rates by occupation in 2007 and 2012. While some occupations have higher unemployment rates than others, there is a job shortage in all occupational categories relative to before the recession started. Legal occupations and food preparation and serving occupations are doing the best with respect to where they were before … Continue reading
Women / Secretary: still the top job
What’s the most common job for American women? The same as it was in the 1950s: secretary. About 4 million workers in the United States fell under the category of “secretaries and administrative assistants” between 2006 and 2010, and 96% of them were women, according to the U.S. Census. How secretary became women’s work The rise … Continue reading
Germany / Unemployment Rate Declined to 6.8 percent in January
German unemployment unexpectedly declined in January, adding to signs that a pick-up in Europe’s largest economy is gathering pace. The number of people out of work fell a seasonally adjusted 16,000 to 2.92 million, the Nuremberg-based Federal Labor Agency said today. Economists predicted an increase of 8,000, the median of 31 estimates in a Bloomberg … Continue reading
Ottawa Hospital 290 full-time jobs cut
Nearly 300 jobs at The Ottawa Hospital are on the chopping block. As it tries to trim $31 million from its $1.04-billion budget for 2013-2014, the hospital announced Wednesday 290 jobs would be affected. Of those jobs, 90 nursing jobs and 100 administrative positions will be cut, in addition to 100 other health care jobs … Continue reading
Korea / Minimum wage raised at 38,880 Korean won for eight hours of work a day
Korea has raised the minimum wage for all workers, including foreign workers under its Employment Permit System, the Department of Labor and Employment said. DOLE Secretary Rosalinda Baldoz cited a report from Philippine Overseas Labor Office Korea head Felicitas Bay that the new rate is 5.76 percent higher from last year. “The new rate represents … Continue reading
Harman / 500 jobs cut and, maybe, 500 more
Audio systems maker Harman International Industries Inc slashed its full-year outlook and said it would cut up to 9 percent of its workforce after second-quarter profit missed Street estimates due to lower sales to European carmakers. Harman shares plunged 14 percent to $42.49 in morning trade on the New York Stock Exchange. “We expected European … Continue reading
Canada / Where are all the jobs? Infographics
Source: MacBlog_Jobs – – Macleans.ca.
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