Job Market Monitor
Michel Cournoyer
US – Despite Marginal Gains, Employment Problems Threaten Economy writes policymic
Last week’s announcement of the .3% drop in the unemployment rate was a positive diversion for the White House after President Obama’s less-than-stellardebate performance. But the new unemployment rate of 7.8% hardly warranted the high level of attention it received, because it does not adequately reflect long-term employment issues, nor give any indication that the … Continue reading
US jobs numbers: Sadly, nothing to be excited about writes the Washington Examiner
According to the Bureau of Labor Statistics, or BLS, the economy added 114,000 jobs last month, and unemployment is now at 7.8 percent. The public excitement triggered by that latter number tells you a lot about how low our expectations are about the economy. BLS data shows that there are still 61,000 fewer people employed … Continue reading
Canada – Construction Jobs Up in 19 of Canada’s 33 Cities in September
Year-over-year employment in construction in Canada was -0.8% in September, according to Statistics Canada. Only rarely over the past decade has the number of construction jobs in this country been negative year-over-year – most notably during the depths of the recession in 2009. For most of the past ten years, strong resource sector development has … Continue reading
US, Canada and Australia – Immigrants outperform mainstream populations
Second-generation Chinese and South Asian immigrants in the U.S., Canada, and Australia are more successful than third- and higher-generation whites, a University of Toronto study says. Sociology professor Jeffrey G. Reitz and PhD candidate Naoko Hawkins and Heather Zhang from McGill University examined survey and census data to compare the achievements of immigrants and their … Continue reading
UPDATE: UBS could shed 10,000 jobs
The Swiss banking giant UBS could shed 10,000 jobs in the near future, according to a report on Saturday in the Tages Anzeiger daily. The company could announce the layoffs when it presents its quarterly results on October 30, the newspaper said. Most of the layoffs are expected to come from the bank’s Information Technology … Continue reading
More education is trend for future jobs
It is an argument for how to boost your chances of getting hired in the next three to five years. For the record, this is not a for-or-against argument about a college degree. Let’s look at today’s educational requirements first, so you can see where the trend has been headed. Compared to 10 years ago, … Continue reading
China – Improved support for secondary vocational education
China will beef up its support for secondary vocational education by offering more students free schooling and improving the grant aid system, authorities vowed on Wednesday. Urban students majoring in agriculture-related subjects or having financial difficulties and all rural students will be exempt from tuition fees at secondary vocational schools starting from the fall semester … Continue reading
India – Majority of employees quit their ‘BOSSES’ and not ‘JOBS’
Nearly 69% of corporate employees who quit their jobs complain about the indifferent attitude of their bosses or immediate supervisor while remaining move to a new position in the same company, according to a recent survey conducted by ASSOCHAM on the occasion of “Boss Day”. The aforesaid findings are condensed at a random survey conducted … Continue reading
UK – Worried over layoffs, 51% check work emails during holidays
About 51 per cent of people in Britain check work emails every day while on holiday and as many as 38 per cent call the office because of fear of losing job in the recession, a new study has revealed. According to the study, a third surveyed said that working on holiday had made the … Continue reading
Palestinian workers line up in hopes of jobs in Israel
For Palestinians, the Israeli military co-ordination office on the outskirts of Jerusalem is a symbol of Israel’s decades-long control over their lives. Now it has also become an unlikely source of hope for employment. In response to an economic crisis gripping the West Bank, Israel has increased the number of permits for Palestinians to work … Continue reading
UBS to cut 2,000 IT jobs
ZURICH: UBS is set to axe around 2,000 jobs in information technology as part of a larger cost-cutting programme, a Swiss newspaper said on Saturday, citing sources close to the bank. The job cuts, which are still being hammered out, would come alongside an undisclosed number of further job cuts from UBS business units, Tages-Anzeiger … Continue reading
AMD – To layoff 30 Percent of Workforce
Days after warning of a huge sales and earnings miss, chipmaker Advanced Micro Devices is close to announcing a significant reduction in its workforce that could be be made public as early as next week. According to sources familiar with the company’s plans, (they asked not to be identified), AMD will announce next week that … Continue reading
PayPal – 300 Layoffs
A merge of eBay, PayPal is expected to layoff over 300 employees. The firm is speculated to focus more on product development, technology, and marketing… http://techthirsty.com/tag/paypal-layoffs/
Long-Term Unemployed: The Plight
Not all unemployment is created equal—there are better and worse ways to be without a job. The worst way is to be jobless for a long time. As a raft of economic studies have shown, the longer a person is unemployed, the harder it becomes for him ever… http://www.businessweek.com/articles/2012-10-11/the-plight-of-the-long-term-unemployed
Quest Diagnostics cutting 400 to 600 jobs
Quest announced in mid-2011 that it would eliminate 500 jobs as part of a larger plan to cut $500 million in annual spending over the next three years and said Thursday’s moves were part of that plan… http://www.businessweek.com/ap/2012-10-11/quest-diagnostics-cutting-400-to-600-jobs
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