Job Market Monitor
Michel Cournoyer
Psychology / Childhood ADHD reduces adult employment by 10-14 percentage points and earnings by a third study finds
“While several types of mental illness, including substance abuse disorders, have been linked with poor labor market outcomes, no current research has been able to examine the effects of childhood ADHD” writes Jason Fletcher in The Effects of Childhood ADHD on Adult Labor Market Outcomes. (Choosen excerpts by Job Market Monitor to follow) As ADHD has become … Continue reading
United Paper Mills-Kymmene, Europe’s second largest paper firm, to cut 860 jobs
Europe’s second largest paper production firm intends to cut 860 jobs worldwide after the eurozone crisis reduced the demand for paper. The struggling European economy has affected the use and need for paper, the Finland-based UPM (United Paper Mills)-Kymmene said on Thursday. The supply of graphic papers has significantly outweighed the demand in Europe. “The … Continue reading
California / Asian replacing Latinos as the primary source of immigrants
The face of new Californians – once predominantly Latino – is increasingly Asian American, census data show. A seismic shift in immigration has occurred in California over the last decade, with Asia replacing Latin America as the primary source of the state’s immigrants. “This is a pretty astounding change over a short period of time,” … Continue reading
Rhode Island / Electric Boat to add 600 jobs
The president of General Dynamics subsidiary Electric Boat says the company intends to hire 600 more workers at its Quonset Point shipyard in Rhode Island during the next three years. According to The Providence Journal , Electric Boat President Kevin Poitras told public officials in Warwick yesterday that the company plans to add up to … Continue reading
US / Private schools / Students help pay their tuition by working one day a week
A Catholic high school in Chicago ensured its financial survival by having students help pay their tuition by working one day a week in clerical jobs at downtown offices. This was a new idea in U.S. secondary education. New ideas are not necessarily a good thing, because they often fail. But the creator of Cristo … Continue reading
US / Unemployment Benefits / New data are reassuring as jobless claims fall to 5-year low
Tow weeks ago, Two out of three employment-related reports were positive and only 28,000 persons were saying they have a job in the latest monthly labor market report. Last week claims data reflected those weaknesses, but new data are reassuring. SEASONALLY ADJUSTED DATA In the week ending January 12, the advance figure for seasonally adjusted initial claims was 335,000, a decrease … Continue reading
Thailand / From Cambodia to get minimum wage
Thailand’s Bt300 minimum wage has attracted Khmer workers to leave Cambodia to work here in Thailand, causing Cambodia itself to have a labour shortage and to try to recruit Thai workers. Currently Cambodia is amid the cassava harvest season but as many Cambodian workers are now employed in Thailand due to the incentive of a … Continue reading
Germany / Deutsche Telekom would cut 1 200
Germany’s Deutsche Telekom has been reported to be planning more job cuts in addition to those already announced a while ago. According to a newspaper, layoffs will primarily affect its overhead segment. Deutsche Telekom of Germany on Thursday was reported to be preparing more job cuts domestically over the next couple of months. The business … Continue reading
Ireland / New scheme to put long-term unemployed to work planned
A NEW scheme to put long-term unemployed to work as council workers is being planned by the Government. Up to 3,000 people on the dole for more than two years will be put to work at street cleaning, cutting grass and carrying out road works. The Cabinet will hold a meeting today where a wide … Continue reading
Finland / Nokia cuts 300 IT jobs and outsources 820 jobs in India
Nokia Corp. NOK -1.51% Thursday announced more job cuts in Finland as part of a move to outsource its information technology operations to Indian suppliers. Nokia said it would outsource some of its IT operations to two Indian IT suppliers, HCL Technologies Ltd. and TATA Consultancy Services Ltd. , India’s largest software exporter. As part … Continue reading
Kentucky / Gap cuts 350 jobs at distribution centers
Gap Inc. plans to close two facilities in Northern Kentucky as part of a move to streamline the distribution system for the San Francisco-based retailer, according to the Cincinnati Business Courier. The move will impact about 350 workers. Choosen excerpts by Job Market Monitor from via Gap to close distribution centers, cut 350 jobs – … Continue reading
US Manufacturing Recovery / Unions are left behind
American factories are hiring again, but they’re not hiring union members. U.S. manufacturers have added a half-million new workers since the end of 2009, making the sector one of the few bright spots in an otherwise weak recovery. And yet there were 4 percent fewer union factory workers in 2012 than there were in 2010, … Continue reading
Australia / Unemployment rate increased 0.1 percentage points to 5.4 per
Australia’s seasonally adjusted unemployment rate increased 0.1 percentage points to 5.4 per cent in December, as announced by the Australian Bureau of Statistics (ABS) today. The ABS reported the number of people employed decreased by 5,500 to 11,538,900 in December. The decrease in employment was driven by decreased full-time employment, down 13,800 people to 8,112,500 … Continue reading
Hiring a Game Changer who thinks outside the box
You have staffed your team with all the right people: they graduated from top universities, worked at leading companies, stayed at each company the requisite length of time, and exuded intelligence in the interview process. Yet you see other companies with far less surface talent achieving incredible results and outstripping you. Why is this? The … Continue reading
Hiring / Ford joins GM
Ford Motor Co., has become the latest automaker to go on a hiring binge in the U.S.. Ford said it plans to hire 2,200 salaried workers in the U.S. this year – the largest increase in new salaried workers in more than a decade. The news comes on the heels of General Motor’s announcement Thursday … Continue reading
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