Job Market Monitor
Michel Cournoyer
Krugman on Euro | Apocalypse Fairly Soon
Suddenly, it has become easy to see how the euro — that grand, flawed experiment in monetary union without political union — could come apart at the seams. We’re not talking about a distant prospect, either. Things could fall apart with stunning speed, in a matter of months, not years. And the costs — both … Continue reading
Gallup | U.S. Unemployment Down by 0.1% in Mid-May due to decline in participation rate
U.S. unemployment, as measured by Gallup without seasonal adjustment, declined slightly to 8.2% in mid-May from 8.3% in April. Gallup’s seasonally adjusted unemployment rate is 8.5% in mid-May, down slightly from 8.6% last month. Much of this decline may be due to a decline in the workforce participation rate — Americans 18 years or older … Continue reading
HP | As many as 25,000 job cuts could be coming
Hewlett-Packard Co. is considering cutting as many as 25,000 jobs, or 8% of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans said. The number to be cut includes 10,000 to 15,000 from Hewlett-Packard’s enterprise services group, which sells a range of … Continue reading
GM | 700 jobs to be created at Ellesmere Port
General Motors is creating 700 jobs at its Ellesmere Port plant in Cheshire along with hundreds more in the supply chain to build the new model of its Astra compact car in the latest fillip for Britain’s car industry. The US automaker is to invest £125m in the plant after its 2,100 workers agreed a … Continue reading
Staples | 500 layoffs, 200 in United States
Office supply giant Staples Inc. said Wednesday that it has cut 500 jobs worldwide as first-quarter profit fell 6 percent to $187 million. The Framingham chain eliminated 200 positions in North America, including a majority at its headquarters, as well as at an office in Toronto. Staples declined to identify how many people lost their … Continue reading
Unemployment Insurance Weekly Claims Report : No News, Bad News
After an increase, an insignificant drop, now unchanged. This is not an indication of a dynamic job market. SEASONALLY ADJUSTED DATA In the week ending May 12, the advance figure for seasonally adjusted initial claims was 370,000, unchanged from the previous week’s revised figure of 370,000. The 4-week moving average was 375,000, a decrease of … Continue reading
Economics: Among The Worst College Majors With The Highest Unemployment Rates
which degrees are the least likely to guarantee a job in 2012? According to Georgetown, here are the bottom 10, based on unemployment rates for recent graduates, cited in the study. 10. Economics Unemployment rate: 9.4 percent Starting pay: $48,000 9. Area Ethnic and Civilization Studies Unemployment rate: 10.1 percent Starting pay: $35,000 8. History … Continue reading
36% Of working-age Americans not currently working
What is the current percentage of working-age Americans, eligible to participate in the civilian labor force, but not currently working? Answer: 36.3 percent. That’s the worst labor participation rate in three decades, and it’s part of the worst employment picture we’ve seen since the Great Depression. Labor force participation is the number we should really … Continue reading
Canada | The Issue is Unemployment Not Labour Shortages
The federal government is basing labour market policy on the belief that, as Jason Kenney pithily puts it in today’s Globe, there are “large and growing labour shortages.” Hence moves to bring in even more temporary foreign workers at lower than average wages, and to push EI claimants into supposedly available jobs. Not that the … Continue reading
Greeks are pulling euros out | ECB stops providing liquidity to some Greek banks | Reuters
The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming news earlier reported exclusively by Reuters. The news sent the euro lower against the dollar, fanning concerns among investors and in Greece that the country may have to leave the … Continue reading
Too Hot for TED : What if the typical family got today their 1980 share: 25% more or $13,000 more a year
If you’re plugged into the Internet, chances are you’ve seen a TED talk – the wonky, provocative web videos that have become a sort of nerd franchise. TED.com is where you go to find Facebook COO Sheryl Sandberg explaining why the world has too few female leaders, or Twitter cofounder Evan Williams sharing the secret … Continue reading
The Rule | A Career You Love
For those of us with Career ADD, one of the more interesting areas of life are what, where and how we choose to focus our attention. When we are in the “zone,” so to speak, we can focus for perhaps hours and hours on a subject that interests us. This is a huge clue. We … Continue reading
UPDATE – UK | Surprise Job Market positive results based on p/t working & self-employment
(ONS Press Release) – For January to March 2012: • The employment rate for those aged from 16 to 64 was 70.5 per cent, up 0.2 on the quarter. There were 29.23 million people in employment aged 16 and over, up 105,000 on the quarter. The quarterly increase in employment was entirely due to more part-time workers. • … Continue reading
Canada | Fed Budget, Mammoth Bill and EI system
The Conservative government says Canadians receiving an income under the Employment Insurance program will be required to lower their standards when looking for work or risk losing their benefits. It’s a small step, but it should be the start of a major overhaul of a system that often seems to reward seasonal workers in regions … Continue reading
Youth unemployment around the world
Youth unemployment across the OECD: how does the UK compare? | News | guardian.co.uk.
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