Job Market Monitor
Michel Cournoyer
Volvo to axe 200-300 jobs
Swedish carmaker Volvo, owned by Chinese Zhejiang Geely, GEELY.UL is to cut production in Sweden about 10 percent and axe 200-300 jobs due to slower than expected sales, a union said on Thursday… via Volvo to cut car production by 10 percent: union | Business | Reuters.
Israel – Unemployment drops despite record layoffs
Despite a three-year high in layoffs in July 2012, following steady increases in layoffs in the previous months, the Central Bureau of Statistics today reported that the unemployment rate among persons over the age of 15 fell to 6.5% in July from 7.1% in June and 7% in the second quarter. Participation in the labor … Continue reading
Most people over 55 would work longer with a pay raise
What if every U.S. worker got an automatic 10 percent pay raise at age 55? According to a new University of Michigan study, most people would work quite a bit longer before they retired, to enjoy the extra income. By eliminating social security payroll taxes starting when workers are 55-years-old, the study shows that people’s … Continue reading
A Secure Job to be in the Middle Class
Americans believe that having a secure job is by far the most important requirement for being in the middle class, easily trumping homeownership and a college education, according to a new nationwide Pew Research Center survey of 2,508 adults. Nearly nine-in-ten adults (86%) say a person needs a secure job to be considered part of … Continue reading
Fiscal policy, at both the federal and state and local levels: headwinds for unemployment reduction says Bernanke
The accommodative monetary policies I have reviewed today, both traditional and nontraditional, have provided important support to the economic recovery while helping to maintain price stability… Notwithstanding these positive signs, the economic situation is obviously far from satisfactory… Further, the rate of improvement in the labor market has been painfully slow. I have noted on … Continue reading
US unemployment rate is bad, eurozone is worse and Greece leads in youth unemployment (53.8%)
Euro area unemployment rate at 11.3% EU27 at 10.4%. The euro area (EA17) seasonally-adjusted unemployment rate was 11.3% in July 2012, stable compared with June. It was 10.1% in July 2011. The EU27 unemployment rate was 10.4% in July 2012, also stable compared with June. It was 9.6% in July 2011. Eurostat estimates that 25.254 million men and women in the EU27, of … Continue reading
U.S. trade deficit with China cost 2.7 million jobs
The U.S. trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs between 2001 and 2011, a new Economic Policy Institute briefing paper finds. The China toll: Growing U.S. trade deficit with China cost more than 2.7 million jobs between 2001 and 2011, with job losses in every state, by EPI’s Director of Trade … Continue reading
Denmark – Vestas announces 1,400 job cuts
Danish wind turbine company Vestas is to cut an additional 1,400 jobs. Officials from the firm said that the move comes ahead of predicted sluggish demand in the industry next year, and will provide the organisation with some EUR 100 million in cost savings. The news comes after Vestas cut 2,335 jobs earlier in the … Continue reading
UK – Aviva to cut up to 800 jobs
Aviva is to cut up to 800 jobs in the UK as chairman John McFarlane embarks on a £400m global cost-cutting drive. The job cuts are likely to come from both the general and life insurance arms of the UK operation and are set to be completed by the end of 2012. The life insurance … Continue reading
Paul Ryan – 12 million new jobs over the next four years
Entering the Republican National Convention to ebullient cheers, Rep. Paul Ryan, the Wisconsin congressman, hammered Obama for failing to create enough jobs, chastised the current administration for focusing on health care at the expense of the unemployed. “Right now, 23 million men and women are struggling to find work… Nearly one in six Americans is … Continue reading
Fiji – 200 new jobs in waste management business
INVESTMENT Fiji has approved a $100million worth application from an American company to start a waste management business in Viti Levu. This was confirmed by Investment Fiji chairman Adrian Sofield who said the investment should create about 200 new jobs. The proposal from the company is to collect rubbish across the country, which includes villages … Continue reading
France – Carrefour – 500-600 jobs cut
Carrefour (CARR.PA: Quote), the world’s second-largest retailer, plans to cut up to 600 French jobs as its new boss slashes costs in a bid to turn the struggling company around, unions said on Wednesday. “The group told the various works councils that the plan is to cut 500-600 jobs,” Force Ouvriere union representative Michel Enguelz … Continue reading
Säpo to cut jobs due to ‘financial strain’ – The Local
Swedish security service Säpo will be making major staff cutbacks due to “economic strain”, news that comes shortly after revelations of their 5.3 million kronor ($802,500) James Bond-themed party last year. One in ten staff members will lose their jobs as a result of the “tough economic times” for the agency, wrote the Dagens Nyheter … Continue reading
A free interactive application for metro-level data on supply of educated labor, employer demand for skilled workers, and other economic trends affecting unemployment rates
Use this interactive application below for metro-level data on supply of educated labor, employer demand for skilled workers, and other economic trends affecting unemployment rates. via Education, Job Openings, and Unemployment in Metropolitan America | Brookings Institution.
Top 50 most common interview mistakes
Here are the top 50 most common interview mistakes to review so you can avoid making them. Top 50 Interview Mistakes Dressing inappropriately. Not taking a phone interview as seriously as an in-person interview. Leaving your cell phone on. Chewing gum. Bringing a cup of coffee or other drink with you. Bringing another person with … Continue reading
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