Job Market Monitor
Michel Cournoyer
Sandy – Rhode Island: UI waiting-period waivers available for Huricane-related layoffs
Governor Lincoln D. Chafee has issued a statement announcing that Rhode Island workers unemployed due to the effects of the Hurricane Sandy may be able to waive their 1 week waiting period for benefits. For a Limited Time receive a FREE HR Report “Top 10 Best Practices in HR Management.” This comprehensive special report will … Continue reading
UK – Comet – 6,000 layoffs ?
More than 6,000 jobs are at risk as the troubled high-street electricals chain Comet teeters on the edge of administration. Comet, the UK’s second largest electrical specialist after Dixons, has struggled to make headway as supermarkets and online retailers such as Amazon targeted the cut-throatmarket, and could go into administration as soon as Thursday. It … Continue reading
US – There is now less equality of opportunity
Of course, there is no perfect way to measure opportunities. The best method devised thus far is to look at outcomes: college completion, gainful employment, and sufficient income. If the average outcome for one group far outpaces that for another, social scientists conclude that the first group had greater opportunities. Comparing outcomes is not foolproof, … Continue reading
Zimbabwe – Unemployment Rate Really At 10,7% ?
The Zimbabwe National Statistics Agency (ZIMSTAT) says that Zimbabwe’s unemployment rate is 10.7%. Such a statistic will no doubt upset those who pretty much fancy using 80% or so as a benchmark. ZIMSTAT came up to this figure this way via its director-general Mr Mutasa Dzinotizei: Unemployment is defined as all persons above a specified age, who … Continue reading
Malaysia – Unemployment Is the Lowest in 3 Years at 2.7%
Malaysia’s unemployment rate is now the lowest it has been in the past 34 months, an impressive achievement in the global economic uncertainty. The jobless rate was 2.7 per cent in August, down from 3.1 per cent in the previous month as well as a year ago. According to data released by the Department of … Continue reading
Honda – 200 jobs in Ohio
Honda said Thursday it will make more than $200 million in new investments at two plants in western Ohio, creating at least 200 new manufacturing jobs. The automaker says the expansions for the Anna engine plant and Russells … . Honda announces $200M investment, 200 jobs in Ohio . http://www.canadianbusiness.com/article/104991–honda-announces-200m-investment-200-jobs-in-ohio
US – Two-Thirds of Jobs Under Obama Went to Immigrants
That slow market, combined with the immigration numbers, could explain why Mr. Obama and Republican nominee Mitt Romney have struggled to find a winning jobs message in some of the country’s hardest-hit postindustrial regions. “It’s extraordinary that … . Report: Two-Thirds of Jobs Under Obama Went to Immigrants . http://www.newsmax.com/Newsfront/jobs-immigratns-obama/2012/11/01/id/462371
Canada – National Bank to Cut About 300 Jobs
National Bank of Canada, the country’s sixth-largest bank, plans to cut about 300 jobs, or almost 2 percent of its workforce. “As part of normal course of business, National Bank is optimizing its structure to ensure it remains efficient and agile … . National Bank of Canada to Cut About 300 Jobs . http://www.bloomberg.com/news/2012-11-01/national-bank-of-canada-to-cut-about-300-jobs.html
Presidential Election – Obama and Romney have scarcely mentioned the long-term unemployment problem
In the economy-focused presidential campaign, the two candidates and their teams have scarcely mentioned what economists describe as not just one of the labor market’s most pressing problems, but the entire country’s: long-term unemployment. Nearly five million Americans out of work for more than six months are left to wonder what kind of help might … Continue reading
Canada – National Research Council layoffs the “tip of the iceberg”
Nearly 100 of Canada’s top researchers and scientists are facing layoffs in what the NDP science and technology critic says is just the “tip of the iceberg” in what appears to be the Conservative government’s plan to slash funding for basic research and focus instead on research that’s industry-driven. “There’s a much larger game afoot … Continue reading
California – Burbank – More Than 175 Layoffs to hit local entertainment industry
More than 175 employees at entertainment-related companies in Burbank likely will be laid off starting in December, many as a result of outsourcing custodial services, studio representatives said. Sixty-seven workers at Walt Disney Studios — mostly janitors, along with a few floor waxers — were given notices that will go into effect by Dec. 1, … Continue reading
Spain Airports – 1,600 layoffs
Spain’s public airport operator AENA said Wednesday it had agreed to make 1,600 voluntary redundancies, which could see more than one in 10 of its staff cut by the end of the year. The authority said in a statement it had agreed with unions to offer redundancy packages for up to 1,600 of its 15,000 … Continue reading
New England – GT Advanced Technologies – Layoffs for 25 percent of its staff
GT Advanced Technologies Inc. (GTAT) stock nose dived Wednesday after the Nashua, N.H.-based supplier of manufacturing equipment for solar and energy products said it would cut 25 percent of its staff. As of June the company had approximately 600 employees in Salem, Mass., New Hampshire, and Asia. News of the cuts – 40 of which … Continue reading
Gaming – Layoffs everywhere
It’s been a week of bad news in the gaming world, so lets get through this together. Zynga laid off 5% of their staff this week in an attempt to shore up their bottom line. They closed a Boston office, reduced staff in Austin and have proposed shutting down shops in the UK and Japan. … Continue reading
Canada – Via Rail – CAW Questions Lay-offs and Cutbacks
CAW opened negotiations with VIA Rail this afternoon in Montreal, raising concerns about recent lay-offs and route cuts. “VIA Rail has suffered a number of very serious funding cuts from the federal government over the last few years, a situation that’s getting worse, not better,” said CAW President Ken Lewenza. He said that VIA Rail … Continue reading
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