Job Market Monitor
Michel Cournoyer
China – The end of one-child policy ?
A Chinese government think-tank is urging the country’s leaders to start phasing out its one-child policy immediately and allow two children for every family by 2015, a daring proposal to do away with the unpopular policy. Some demographers see the timeline put forward by the China Development Research Foundation as a bold move by the … Continue reading
Australia – Mining jobs up 65 per cent in five years
EMPLOYMENT in Australia’s mining industry has jumped in the past five years, new Census figures show. The Australian Bureau of Statistics said the sector accounted for 1.8 per cent of the nation’s employment in 2011, up from 1.2 per cent in the previous Census in 2006. The number of people who reported being employed in … Continue reading
Calgary – TransAlta to cut 165 jobs in next six months
Power producer TransAlta Corp. (TSX:TA) says it is cutting 165 jobs over the next six months as part of its plan to accelerate growth. A majority of the cuts will come from its Calgary office. The Calgary-based company said the move will strengthen the company’s competitive position. “We extend our gratitude to our departing colleagues … Continue reading
Canada – Pfizer to cut 300 jobs
Pfizer Inc. is laying off 300 professionals or 11 per cent of its Canadian workforce as the drug multinational reduces its costs to soothe the revenue erosion from … . Pfizer to cut 300 Canadian jobs . http://m.theglobeandmail.com/report-on-business/pfizer-to-cut-300-canadian-jobs/article4711980/?service=mobile
Nigeria – Boosting Graduates’ Employability Skills
Following the persistent outcry about the poor quality of Nigerian graduates, who are said to be unemployable, Poise Graduate Finishing School, a subsidiary of Poise Nigeria, has introduced an employability skills certification programme known as PSENSE. The PSENSE test, which was designed in collaboration with Biddle Consulting, US, is aimed at solving the recruitment challenges … Continue reading
Switzerland – Lonza to Cut Jobs
Lonza Group AG (LONN) said it plans to cut 500 jobs, including 400 at a Swiss site that manufactures chemical intermediates and active pharmaceutical ingredients. Most of the job losses will come from internal transfers, natural attrition, early retirements and by not extending temporary contracts, the Swiss supplier to the pharmaceutical industry said today in … Continue reading
Panasonic – $9.6-billion loss and cutting jobs
Panasonic May Cut More Jobs as TV Maker Sees $9.6 Billion Loss Panasonic Corp. (MAT1), Japan’s third- biggest employer, eliminated almost 39,000 jobs in the past year, and its chief financial officer said the TV maker doesn’t plan another round of cuts. Investors say it has to. Even after reducing its workforce by about 11 … Continue reading
France – Industry Bleeds Jobs
Renault SA (RNO) says if President Francois Hollande wants more cars built in France, he needs to tackle the country’s high labor costs and rigid work rules. France’s second-largest carmaker, which is based near Paris and 15 percent owned by the government, built fewer than a quarter of the 2.83 million cars that rolled off … Continue reading
Chrysler Shifting Jobs to China – CEO Denies
The chief executive of U.S.-based automaker Chrysler says his company is not shifting production of Jeep vehicles to China. His comments follow a series of statements by Republican presidential candidate Mitt Romney’s campaign that appear to suggest otherwise. Chrysler CEO Sergio Marchionne said in an email to employees Tuesday that Jeep assembly lines will remain … Continue reading
US Presidential Election – Does unemployment matter ?
The economy may have become the single most important issue in modern-day politics. Since the day President Clinton uttered the words, “It’s the economy stupid,” the economy seems to have taken center stage as it pertains to election results. Moreover, for a variety of reasons, I’ve found an interesting dynamic emerging in recent years. Because … Continue reading
Austerity – Greece debt to GDP to hit 190pc
Greece’s debt to GDP will hit 189.1pc and the economy is expected to contract by 4.5pc next year, the finance minister revealed in the 2013 budget presented to parliament. via Debt crisis: Greece debt to GDP to hit 190pc – Live – Telegraph.
Euro-zone – Unemployment rate hits record 11.6%
The euro area (EA17) seasonally-adjusted unemployment rate was 11.6% in September 2012, up from 11.5% in August. The EU27 unemployment rate was 10.6% in September 2012, stable compared with August. In both zones, rates have risen significantly compared with September 2011, when they were 10.3% and 9.8% respectively. These figures are published by Eurostat, the statistical office of the European Union. Eurostat … Continue reading
Canada – Youth unemployment outlook not so bleak says Certified General Accountants Association
Employment prospects for younger Canadians looking for work are not as dismal as widely believed, a report released by the Certified General Accountants Association of Canada today suggests. The report argues that the peak unemployment rate among those aged 15 to 24 peaked at 15.2 per cent during the latest recession, lower than the high … Continue reading
JobCentre – It sucks writes libcom
Having been gainfully unemployed for a number of months, I’ve recently returned to take a swim in the shark-infested, soul-destroying, disease-ridden hell hole that is the job market. It’s also the first time I’ve been, ehhem, lucky enough to be able to claim dole. This means applying for jobs and making a fortnightly trip to … Continue reading
US – Gallup – Unemployment (sa) at 7.7% in Mid-October
U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010. Gallup’s seasonally adjusted unemployment rate is 7.7%, also down from September. October’s adjusted mid-month measure is also more than … Continue reading
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