Job Market Monitor
Michel Cournoyer
Saab hiring again
Eight months after eliminating 13 percent of its workforce, East Syracuse-based Saab Sensis Corp. has returned to profitability and is hiring once again, easing concerns that arose about the company’s future after its takeover last year by a Swedish firm. The maker of military radars and air traffic management systems recently had its first profitable … Continue reading
China – Sany has started cutting its workforce
Sany Group, China’s biggest maker of construction machines by revenues, has started cutting its workforce in one of the clearest signs yet of the pain in the country’s industrial sector as growth slows in the world’s second-largest economy. China’s heavy machinery makers, which include companies such as Sany, Zoomlion and Shantui, have seen sales drop … Continue reading
Malaysia requires at least 33% skilled workers by 2015
Malaysia requires at least 33 per cent highly skilled workers in the industrial sector by 2015 and increasing to 50 per cent to accommodate national manpower needs by 2020. Public Works Ministry secretary-general Datuk Himmat Singh said the sector is still facing an influx of foreign workers leading to muted response of local youths to … Continue reading
Swiss Bank – Vontobel to cut jobs
Vontobel is planning to cut an undisclosed number of jobs, the latest Swiss private bank seeking to lower costs as the industry braces for lost revenue due to pressure on the country to stop harbouring tax evaders. Vontobel spokesman Reto Giudicetti confirmed comments by Chief Executive Zeno Staub in an interview with the Handelszeitung newspaper … Continue reading
General Electric solar branch in Aurora: About half of employees to be laid off
Last week, as news was breaking that Colorado-based manufacturer Abound Solar had filed for bankruptcy, a solar branch of General Electric in Aurora was informing its local employees that about half of them would be laid off. Westword learned of these major layoffs — which could affect more than sixty employees — late Tuesday, from … Continue reading
U.S. planned layoffs at 13-month low in June but up 15.2 percent from the first six months of 2011 – Education leading
The number of planned layoffs at U.S. firms fell in June to its lowest level in over a year, suggesting employers were not rapidly downsizing even as the economic recovery slows, a report on Thursday showed. Employers announced 37,551 planned job cuts last month, down 39.3 percent from 61,887 in May, according to the report … Continue reading
Ireland – The Celtic Tiger – Unemployment hits 14.9 per cent – Women hardest hit
Government statisticians say Ireland’s unemployment rate has risen to an 18-year high of 14.9 per cent, underscoring the country’s struggle to stimulate its economy amid debt fears and austerity pressures. via Sky News: Irish unemployment hits 14.9 per cent. Unemployment rate (To April 12012) — Number of women joining dole queues double that of men … Continue reading
Outsourcing comes with a wage penalty, at least in some occupations
“Outsourcing of labor services grew substantially during the 1980s and 1990s and was associated with lower wages, fewer benefits, and lower rates of unionization” write Arindrajit Dube and Ethan Kaplan in Does Outsourcing Reduce Wages in the LowWage Service Occupations? Evidence from Janitors and Guards on digitalcommons.ilr.cornell.edu The authors focus on two occupations for which they can identify outsourcing in … Continue reading
Gallup – U.S. Adjusted Unemployment is 7.8%, an improvement
U.S. unemployment, as measured by Gallup without seasonal adjustment, was 8.0% in June, unchanged from May, but significantly better than the 8.7% from a year ago. Gallup’s seasonally adjusted number, based on applying an estimate of the government’s June adjustment, is 7.8%, an improvement from 8.3% in May, and down considerably from 8.5% in June … Continue reading
HR Still Isn’t Strategic
For two decades we have been hearing that HR must become a strategic partner to the business. And the fact that we’re still hearing it suggests that in many organizations it hasn’t happened. The need to align HR with the business has become more urgent than ever. Financial markets exert relentless pressure for growth, especially … Continue reading
US – Unemployment Claims : Finally some good news
SEASONALLY ADJUSTED DATA In the week ending June 30, the advance figure for seasonally adjusted initial claims was 374,000, a decrease of 14,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 385,750, a decrease of 1,500 from the previous week’s revised average of 387,250. The advance seasonally adjusted insured unemployment … Continue reading
Europe – Employment – The EU-27 employment rate for the 20–64 age group dropped from an average of 70.4% in 2008 to 69.1% in 2009
The EU-27 employment rate for the 20–64 age group dropped from an average of 70.4% in 2008 to 69.1% in 2009, falling for the first time in the past five years and slipping away from the Europe 2020 target, set at 75%. Sources: Eurostat regional yearbook 2011 See also : Europe – Regional unemployment rates – From 2.5% in Salzburg … Continue reading
Europe – Regional unemployment rates – From 2.5% in Salzburg and Tirol to 30.4% in Andalucia
Regional unemployment rates varied widely across the 271 NUTS 2 regions of the EU27 in 2011, with the lowest rates recorded in the regions of Tirol and Salzburg (both 2.5%) in Austria, Zeeland (2.7%) in the Netherlands and Oberbayern (2.8%), Niederbayern (2.9%) and Freiburg (3.0%) in Germany, while the highest rates were registered in the regions of Andalucía (30.4%) and … Continue reading
Florida – Maximum weeks of unemployment available next year to be reduced
The next three months will determine just how long thousands of unemployed people will receive state jobless benefits next year. Jobless rates from July, August and September will determine the maximum number of weeks people can collect unemployment payments in 2013. Officials will calculate average statewide unemployment for those three months and use the figure … Continue reading
Job Search – How to Use Your Public Library
Don’t believe it? Here are nine great ways in which your public library can enhance your job search. 1. Free Job Hunting Books 2. Computer Classes 3. Resume Writing and Interviewing Services 4. Free Internet 5. Job Search Workshops 6. Job Clubs 7. English Language Classes 8. Assistance When Transitioning to a Different Career 9. … Continue reading
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