Job Market Monitor
Michel Cournoyer
Microsoft – 1,000 new jobs in China
Microsoft will hire 1,000 staff in China over the coming year, adding to the 4,500 the company already employs in the country, a senior executive said on Thursday. The move is aimed at strengthening the company’s position in a market it sees as key to future growth, but where software piracy and regulation remain serious … Continue reading
Australia – Unemployment rate drops
Australia’s unemployment rate unexpectedly dropped in August, giving a boost to the country’s currency, though analysts said the data actually point to softness in the labor market. The country’s jobless rate decreased 0.1 percentage point to 5.1% in August, the Australian Bureau of Statistics reported Thursday. Economists had been expecting the jobless rate to hit … Continue reading
UK – Unemployment is deliberately high says TUC
Frances O’Grady – incoming TUC general secretary – has suggested in a Guardian interview today that high unemployment is a deliberate ploy being used by the government to suppress wage claims and destroy employment rights. As she puts it: There was certainly a strong view in the 1980s, not just among trade unions, but also among a number of intellectuals and commentators, that unemployment was being … Continue reading
French unemployment 13-year high and crosses the 3 M unemployed threshold
France’s unemployment rate rose to its highest level in 13 years in the second quarter, official data showed on Thursday, in a setback to the Socialist government, which was elected on a pledge to bring down the jobless rate. The rise in unemployment to 10.2 percent, measured according to the International Labour Organisation’s (ILO) criteria, … Continue reading
Intel – Veterans hired for their job skills
Intel has hired nearly 400 veterans in Arizona since the first of the year, and the company’s recruiter said it makes good business sense. “The veterans we’re hiring absolutely meet critical skills we require,” said Robert Polston, director of veterans recruiting at Intel, a full-time employee since 2004 and a captain in the Arizona Army … Continue reading
U.S. Employment Outlook, Simply Hired
Nationwide job openings dip. For the first time in four months, nationwide job openings decreased in August, with a 1.7% decline from July. However, year-over-year job openings remain positive with a 2.5 percent increase. Job competition remained the same at a nationwide ratio of 3:1. “After three continuous months of job opening growth, nationwide job … Continue reading
Is the US job market weak? It’s all about how you slice the data.
Is the U.S. job market dismal as Republican presidential nominee Mitt Romney says? Or is it steadily improving as President Barack Obama contends? Not to dodge the question or anything, but both men are correct. It’s all about how you slice the data. Romney and his Republican allies like to point to the unemployment rate. … Continue reading
Education Gap – Chicago – 3.5 job openings for every unemployed worker with a bachelor’s degree or higher
A just-released report from the Brookings Institution rated Chicago and other cities by how well job openings line up with workers’ education. Like most big cities, Chicago has a larger share of available jobs that require higher education — a bachelor’s degree or more — than job seekers who hold those degrees. There are 3.5 … Continue reading
India – Infosys to hire 8,000 people
Infosys BPO has said it will hire about 8,000 people in the remaining part of this financial year and about 20 per cent of them will be in middle and senior level professionals. “In FY 2013, we are looking at hiring 10,000-12,000 people. Of this 4,000 have already been hired. About 15-20 per cent of … Continue reading
Better Making Clothes In The US
Edwin Keh, a lecturer at the Wharton School at University of Pennsylvania, told WWD: “In the last couple of years, chiefly in the relationship of the U.S. dollar to the Chinese renminbi, it became less. Coupled with stubbornly high oil prices, suddenly the question became why take on so much risk to offshore when you … Continue reading
European Trade Union Confederation to European Commission – End collective austerity
On the eve of the European Commission’s major employment policy conference Jobs for Europe the European Trade Union Confederation (ETUC) appeals to European policy makers to face up to the failure of austerity and adopt an alternative approach. As politicians, EU and international officials, academics, experts and the social partners gather to discuss how to … Continue reading
Direct Line – 900 jobs cut
Insurance company Direct Line Group, which is being demerged by parent company RBS, has said it will shed 900 jobs in a bid to save costs. Direct Line has launched a series of initiatives to target £100m of gross annual cost savings by the end of 2014. That includes the closure of a site in … Continue reading
Revlon to cut 250 jobs
Makeup company Revlon Inc. says it is cutting 250 jobs, or about 5 per cent of its workforce, and is closing two plants in a broad restructuring as it seeks to cut costs. Revlon, whose brands include Almay, Mitchum and its namesake, says it will close its manufacturing plant in France and its leased manufacturing … Continue reading
Job Openings and Educational Attainment in Metropolitan Area
For the first time since World War II, there are fewer jobs three years after the end of a recession than before it began. Our new Brookings report suggests that most of this flat recovery can be attributed to severe losses in housing wealth and jobs in industries such as manufacturing and construction. Yet education–especially … Continue reading
Enbridge Gateway pipeline would cost jobs in Alberta says Union
Enbridge’s proposed Northern Gateway oil pipeline to Canada’s Pacific Coast could cost thousands of high-paying refining jobs in Alberta, a labour group warned in Edmonton on Tuesday as the company faced its first day of grilling at public hearings into the contentious project. Alberta Federation of Labour contends the $6-billion line, which would ship 525,000 … Continue reading
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