Job Market Monitor
Michel Cournoyer
Michigan – Unemployment agency laying off up to 400 workers | MLive.com
The state is laying off up to about 400 employees in its unemployment insurance agency, ironically citing an improved economy as the reason for the cuts. Michigan’s Unemployment Insurance Agency will give two-week layoff notices to up to 225 permanent staff members on Aug. 31. Another 177 limited-term employees have been laid off, said Mario … Continue reading
South Africa – Update – Unemployment rate dips slightly, to 24,9%
SOUTH Africa’s unemployment rate declined to 24,9% in the second quarter of 2012 from 25,2% in the first quarter‚ Statistics South Africa (Stats SA) said on Tuesday. The expanded unemployment rate‚ which includes discouraged workers‚ also declined — to 36,2% from 36,6% in the previous quarter. Stats SA deputy director-general Kefiloe Masiteng has described the … Continue reading
Labor market recovery has been steady and widespread says DOL and Nevada continues to reign supreme on Top
The release of last month’s state-level unemployment statistics reaffirmed what many economists, including me, have stated: the labor market recovery has been steady and widespread. These numbers aren’t just good news for our economy, they’re impacting the lives of everyday Americans. We have experienced 28 consecutive months of job growth across all industry sectors, except … Continue reading
SC, USA – 20 weeks penalty for workers fired for misconduct
Gov. Nikki Haley signed a bill in Greenville that says if you’re fired for misconduct and your former boss can prove it, you will not get an unemployment check for 5 months. Haley signed that bill at a package plant, calling it a win for small business. The reason? Haley says it won’t allow people … Continue reading
UK – Disposable income at nine-year low
Individuals had less disposable income to spend on average in the first three months of the year than during any quarter since 2003. Disposable income per head, taking inflation into account, fell by 1% on the previous quarter, the Office for National Statistics (ONS) said. This measure of income is the amount of cash individuals … Continue reading
Singapore – Unemployment inched higher to 2.1%
And total employment grew by a scanty 27,400. According to the Ministry of Manpower, employment creation has moderated slightly in the first quarter this year, though it remained fairly strong. Unemployment has risen slightly. The seasonally adjusted overall unemployment rate increased from 2.0% in December 2011 to 2.1% in March 2012… via Unemployment inched higher … Continue reading
Australia – Rio Tinto to Cut Jobs
Rio Tinto PLC is cutting jobs at its regional headquarters in Melbourne and closing an office in Sydney as the Anglo-Australian mining giant moves to contain costs, two people familiar with the matter said Tuesday. The restructuring is the latest sign that Australia’s mining boom is running out of steam as China’s economy slows and … Continue reading
Europe – Hierarchies ‘stifle innovation at work’ and Chinese better at fostering ideas from junior staff, claims report
Workplaces in Europe are failing to make the most of innovative ideas from junior members of staff because of an ingrained hierarchical approach, a study has claimed. Only 8 per cent of European respondents to the KPMG Tech Innovation Survey said that their organization was good at ‘spotting and nurturing innovation from the bottom up’. … Continue reading
Unknown number of layoffs hit several studios in Seattle area
WB Games Seattle, which is composed of Monolith Productions, Snowblind Studios and Surreal Software have been hit with an unknown number of layoffs today. A source close to the studio confirmed to Joystiq that the Seattle team has been affected. Nothing concrete has been announced as of yet, though earlier layoffs saw around 60 people … Continue reading
Deutsche Bank – 1,900 jobs cut
Deutsche Bank said Tuesday it plans to cut about 1,900 jobs, most of them outside Germany, as its earnings fell 46 per cent in the second quarter as the European debt crisis hurt its investment banking and trading activities. The bank, which employs nearly 101,000 people, said about 1,500 of the job cuts will be … Continue reading
Scotland – 350 new jobs created for Shetland oil platform
THE Prime Minister has promised to support manufacturing as he congratulated a Fife firm which is taking on 350 workers after winning two massive contracts. David Cameron visited Burntisland Fabrication (BiFab) just after bosses there announced new contracts worth £140 million involving the design, procurement and construction of major components for a new oil platform. … Continue reading
Voters Want Plans for U.S. Jobs
Americans see Jobs as Top Priority for US Next President according to Gallup’s Survey. Voters Want Plans for U.S. Jobs Bloomberg says. Tarsha Darden, a 34-year-old family doctor who lives in Virginia Beach, volunteered for President Barack Obama’s first presidential campaign. Now she doesn’t even know whether she’ll vote for him. “Normally I’m not a political person but I … Continue reading
Make the unemployed work for free – A Solution ?
The failed neo-liberal British government is following the path that the conservatives followed in Australia in attempting to “manage” the unemployment that their flawed policy regime created… The scenario is this: 1. British government introduces austerity policies which deliberately create unemployment. Jobs vanish because aggregate demand contracts. People stop spending and firms stop investing because … Continue reading
Euro-Area Unemployment Rate at a Record 11.2% for Two Months in a Row
The euro area (EA17) seasonally-adjusted unemployment rate was 11.2% in June 2012, stable compared with May. It was 10.0% in June 2011. The EU27 unemployment rate was 10.4% in June 2012, also stable compared with May. It was 9.5% in June 2011. Eurostat estimates that 25.112 million men and women in the EU27, of whom 17.801 million … Continue reading
Germany – Employment rose by 1.2% and Unemployment Rate at 5.4%
According to provisional results of employment accounts, the number of persons in employment rose by 1.2% in June 2012 on June 2011. The growth rate thus was slightly lower than in the months February to May 2012 (+1.3%) and January 2012 (+1.4%). Compared with May 2012, the number of persons in employment was up by … Continue reading
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