Job Market Monitor
Michel Cournoyer
UK – Employment law offers ‘excessive protections’ write rising star MPs of the Conservative party
Earlier this month, the Evening Standard leaked extracts from a forthcoming book entitled Britannia Unchained: Global Growth and Prosperity, which will be published in the run-up to this year’s Conservative Party Conference. The book’s publishers Palgrave MacMillan describe the book as follows: Presented by a team of rising star MPs of the Conservative party, Britannia … Continue reading
Unemployment Insurance Claims – It’s hard to beleive that the job market really improving ?
Last report was not a good one with 372,000 (unrevisied). This morning report isn’t better. Is the job market really improving ? Hard to beleive. SEASONALLY ADJUSTED DATA ; In the week ending August 25, the advance figure for seasonally adjusted initial claims was 374,000, unchanged from the previous week’s revised figure of 374,000. The … Continue reading
Long-term Unemployment Hard On Confidence
Janice Pratt came here in the 1980s for the booming local economy, but now the city’s unemployment rate is 9 percent. She hasn’t had steady work since 2008 when she lost her job with a tech company after a lengthy marketing career. Pratt fears the mere fact that she is unemployed is hurting her chances … Continue reading
UK – Airbus deal secures 6,000 jobs
Up to 6,000 jobs have been secured at Airbus’s factory in Cheshire following a major order from Philippine Airlines. The company makes wings for the Airbus at its plant at Broughton, near Chester. via BBC News – Airbus deal secures 6,000 Broughton jobs.
Canada – Investment in early education
The University of British Columbia’s Human Early Learning Partnership tracks school readiness across the province. In 2006, it reported 29.6% of children were entering school not ready to learn. Last year, it reported 30.9% of children arrived in kindergarten not ready to learn. Despite the efforts, and welcome innovations like Strong Start Centres, the situation … Continue reading
Thailand – Education gaps cost trillions
Without help, 5 million underprivileged children whose parents cannot afford to give them a proper education are fated to become low-skilled workers, an outcome that could cost the country trillions of baht in the long run. To prevent this scenario, the Education Ministry has been urged to ensure that these children are properly educated. Amornwich … Continue reading
Oregon – Schnitzer Steel to cut 300 jobs
Schnitzer Steel Industries Inc. said Tuesday it will cut about 300 jobs as part of a restructuring plan designed to save the company $25 million in annual operating costs. The company also issued earnings guidance for the current quarter well below average Wall Street predictions, blaming lower sale prices for many of its products. Schnitzer … Continue reading
Ireland – Target Express: 390 jobs cut
Ireland’s largest privately-owned transport company, College Freight, has announced it has decided to cease trading, with almost 400 people set to lose their jobs. The firm operates as Target Express and employs 390 staff. Target Express was started by County Fermanagh man Seamus McBrien, and had depots in Northern Ireland, the Republic of Ireland and … Continue reading
Volkswagen – 1 billion euros investment in Russia
Germany’s Volkswagen (VOWG_p.DE) said on Wednesday it is aiming to invest a total of one billion euros ($1.25 billion) in Russia by 2018, initially expanding by building an engine plant in Kaluga. Volkswagen will invest 250 million euros in the construction of the plant in Kaluga, a town some 190 km (118 miles) south-east of … Continue reading
Europe – Branding for Increased Poverty
Record high unemployment in the EU has forced some of the larger consumer goods companies to shift marketing strategies. They target poverty-stricken Europeans’ demand for cheaper goods in the midst of an economic crisis. Unilever – the third-largest consumer goods company in the world, which manufactures hundreds of brands like Aviance, Ben & Jerry’s, Dove … Continue reading
US – 10 Cities Losing the Most Jobs
10. St. George, Utah > Pct. decrease of employed: -5% > Decrease in people employed: -2,799 (34th largest) > June 2009 unemployment rate: 9.9% (145th highest) > June 2012 unemployment rate: 7.6% (148th lowest) 9. Carson City, Nev. > Pct. decrease of employed: -5% > Decrease in people employed: -1,308 (61st largest) > June 2009 … Continue reading
France – Sapin: Unemployment to stay high
“France is doing badly. The French economy is doing badly,” Sapin admitted on Tuesday. “The worsening of the employment situation will be longlasting but not eternal,” he continued. July’s unemployment figures saw the 15th consecutive month-on-month rise, by 1.4 per cent to 2,987,100, the highest since June 1999. The year-on-year rise is 8.5 per cent. … Continue reading
India – Search firms replenish talent pool
The movers and shakers of India Inc are on the move. There is a churn across search firms as headhunters and leadership consultants are moving on to new roles. Search firms are hiring talent from other sectors too, both to replenish their talent pool and expansion into new areas. The managing director of FutureStep, a … Continue reading
ON Semiconductor to cut 250 jobs
Power-management chipmaker ON Semiconductor Corp said it will cut about 250 jobs and cancel its annual cash incentive program for senior executives to reduce costs in a weak macroeconomic environment. The company expects to complete most of the job cuts in the current quarter and estimated a related charge of $11 million to $14 million, … Continue reading
Indiana – Toyota to hire 240
Toyota Motor Manufacturing, Indiana plans to add about 240 new production team members by the end of November to support next year’s increased Highlander sport utility vehicle production. The hiring began this month. The new Toyota team members will come from Aerotek, which maintains a “variable workforce” to meet the Princeton plant’s fluctuating production needs. … Continue reading
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