Job Market Monitor
Michel Cournoyer
SME Releases Mfg Education Strategy to Solve Job Skills Gap …
SME Releases Mfg Education Strategy to Solve Job Skills Gap … . http://www.smartgroup.org/industry-news/sme-releases-mfg-education-strategy-to-solve-job-skills-gap/
Bank of France aiming to cut up to 2100 jobs in branches
Bank of France aiming to cut up to 2100 jobs in branches . . . http://www.reuters.com/article/2012/09/12/us-france-bankofrance-idUSBRE88B1DU20120912
American Airlines – Tulsa maintenance base – 839 jobs cut
American Airlines will close its Fort Worth maintenance base by the end of the year, lay off 839 Tulsa mechanics and consolidate major aircraft maintenance operations in Tulsa and at Dallas-Fort Worth International Airport, company executives said Monday. More than 1,700 mechanics & related workers at American’s three aircraft overhaul bases will be laid off … Continue reading
Ormet – 200 layoffs in Ascension
The Ormet Corporation says about 200 of its 250 employees at its facility in Burnside, Louisiana will be laid off starting in November. The facility produces alumina, a white powder that is used in the manufacturing of aluminum. The product made at the Burnside facility is shipped along the Mississippi River to Ormet’s aluminum manufacturing facility in Ohio. Ormet … Continue reading
Canadian Diamond Mine – Massive Layoffs To Come
Operators of the Diavik diamond nine in Canada’s Northwest Territories expect massive layoffs by the end of the month, according to a report in CBC News. There are currently over 1,000 employees working at Diavik, which sits 300 kilometers northeast of Yellownknife… via Massive Layoffs Expected in Canadian Diamond Mine.
Digital Domain layoffs 280 of its 300 employees
Tuesday, Digital Domain Media Group filed for Chapter 11 bankruptcy. This comes just three days after it laid off 280 of its 300 employees at its animation studio in Port St. Lucie. That allows the company to continue to operate while it sets up a plan to pay back its creditors… via Digital Domain layoffs: … Continue reading
Royal Philips Electronics to cut 2,200 additional jobs
Royal Philips Electronics said today that it cut 2,200 additional jobs to target an extra €300m in savings from the world’s largest lighting company as economic conditions deteriorate. Philips had already targeted 4,500 job losses. Headquartered in the Netherlands, Philips employs over 122,000 employees with sales and services in more than 100 countries worldwide. With sales … Continue reading
US – Weak Hiring Is The Problem, Not Layoffs
How bad is America’s jobs market? Layoffs and firings are at the lowest levels on record — yet the country still isn’t adding enough jobs to keep up with population growth. During the Great Recession, employers slashed millions of jobs. During the economic recovery, net job growth has been tepid. But the problem is no … Continue reading
France – Labor reform underway
France’s Socialist government may clinch a deal on labor reform by the end of this year but its cautious approach means the outcome may fall short of business leaders’ hopes for a “competitiveness shock” to revive the economy. President Francois Hollande wants a quick agreement that will help companies adjust more nimbly during economic downturns, … Continue reading
UK – Long-term unemployment hits 16 year high
“Despite improvements in the overall employment rate, long-term unemployment has hit a 16 year high remains a serious problem, with more than 900,000 people out of work for more than a year. The long-term unemployed should be offered a guaranteed job to make sure they don’t become permanently cut off from the jobs market.” via … Continue reading
UK – The number of unemployed people increased by 978,000 since pre-recession peak, not counting the discouraged
UK Labour Market Statistics, September 2012 The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.5 on the quarter. There were 29.56 million people in employment aged 16 and over, up 236,000 on the quarter. The unemployment rate was 8.1 per cent of the economically active population, down 0.1 … Continue reading
IT security – Skills shortage and no unemployment
There is zero unemployment in IT security, suggesting a huge shortage of skills in the profession, says Hord Tipton, executive director of professional certification body (ISC)2. But there needs to be a focus on training people to be specialists in areas such as digital forensics, cloud computing and access control, who can see the bigger … Continue reading
Obama vs Romney : Are the unemployed backing GOP ?
One of the most dominant theories of this year’s presidential election is that President Barack Obama’s re-election prospects have been undermined by high unemployment levels. Yet despite a dismal labor market, which saw a net increase of only 103,000 private-sector jobs for August, the president has been widening his lead over Mitt Romney in recent … Continue reading
Teacher Layoffs – Could Lead to Shortage
Teacher layoffs may save the state money in the short term, but a report by the state Task Force for Educator Excellence says over time that trend may be one of the things keeping people from wanting to stand in front of a classroom. California’s school kids have unzipped a whole new school year and third grader … Continue reading
US – Young Adult Unemployment – Something permanent in character has changed, for worse
A long term look The Unemployment rate for 20 to 24 years is has been higher than the overall rate since the BLS has produced those two series, except for a couple of months at the beginning of the 50’s when the job market was at full employment. Each recession has worsened the relative situation … Continue reading
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