Job Market Monitor
A Closer Look
Companies Move Manufacturing Jobs Back to America – ABC News
A factory sits empty. It’s not in the Rust Belt, nor is it part of a manufacturing exodus that has cost the U.S. thousands of jobs. It is a factory in Shenzhen, China, and the American company that once employed Chinese workers is now packing up, coming home and bringing the jobs with them. John … Continue reading
Is America Overworked?
It’s midnight on a Wednesday and I’m sitting at my keyboard after a 10-hour day trying to finish an article on whether Americans work too much. This is a prank, right? Sadly, it’s more like a typical day for most freelance writers, and we’re becoming part of the norm. With an increasingly competitive job market, … Continue reading
UK | CIPD calls for end to row over ‘unpaid’ work experience | 24 February 2012 | Stock Market Wire
The Chartered Institute of Personnel and Development (CIPD) is warning that recent headlines, which associate voluntary unpaid work experience with slave labour, are in danger of discouraging employers from offering placements and denying young people a route into permanent employment. Good quality work experience provides an invaluable way for young people to build key skills … Continue reading
Help Wanted: Skilled Manufacturing Workers
The U.S. economy is gathering momentum and the key driver is manufacturing. Not only is our industrial sector growing, but after more than a decade of losses in manufacturing jobs, we are actually going in the other direction. We added 50,000 manufacturing jobs in January on top of 32,000 the month before. This is a … Continue reading
Irish and British head for Australian jobs, but where are the Greeks?
RISING unemployment in Europe has driven an influx of Irish and British skilled migrants to labour-strapped pockets of the Australian economy in recent months, government figures show. But skilled migration from Greece, where unemployment topped 20 per cent in November, remains low as Australian recruiters target already strong labour streams from the British Isles. The … Continue reading
Republican House Bill Would Strip US Fed’s Jobs Mandate – Business News – CNBC
Seeking to make good on past threats in Congress to rein in the Federal Reserve’s powers, a prominent Republican lawmaker said on Thursday he will introduce legislation to focus the U.S. central bank on a single mandate to fight inflation and protect the dollar’s value. Representative Kevin Brady, vice chairman of the Joint Economic Committee, … Continue reading
Most jobs are not lost, they merely end up elsewhere
The structure of the economy – as represented by the relative sizes of the various industry sectors – is always changing. Normally the rate of change is so slow we don’t notice it. At present, however, the pace of change is much quicker than usual. These pressures are coming from outside Australia. Many are the … Continue reading
Adani Group to invest $ 6 b by 2015
The Adani Group on Thursday announced plans to invest $ 6 billion by 2015 to develop its three core clusters of resources, logistics and energy. The investment will be funded by a mix of internal accruals, equity and debt. It will largely go to its new Australian coal mining operation. The group is the largest … Continue reading
Chase bank is adding 350 jobs | The Columbus Dispatch
Chase, the region’s largest private employer, said yesterday that it will add at least 350 jobs in the Polaris area over the next five years. That continues a hiring binge that has seen Chase add 2,500 jobs over the past year in Columbus, bringing the local Chase work-force total to 19,000… via Chase bank is … Continue reading
Air New Zealand to slash hundreds of jobs | Stuff.co.nz
Air New Zealand “had no option” but to cut the jobs of 175 staff today, as plummeting profit margins force the national carrier into cost-cutting mode. This morning, the airline reported a $38 million profit for the six months to December, a slump of 61 per cent from the same period last year. Chief executive … Continue reading
Michigan jobless rate drops, but not because more jobs exist – Feb. 24, 2012
After leading the nation in unemployment for four years, Michigan has finally dropped out of the Top 10. State unemployment slid to 9.3% in December, only a touch higher than the national rate, and a sharp decline from the 14.1% rate that Michigan hit in the fall of 2009. And last year was the first … Continue reading
DOL retirements jeopardize unemployment checks? | The Connecticut Mirror
Without two key information technology workers who retired last fall, the state Department of Labor might not be able to adapt its computer system to new unemployment benefit extension requirements in time to get checks out to state residents, an agency official said Thursday. The department wants to hire back the two retirees, but can’t … Continue reading
Philippine | Rise in unemployment will push PH to intensify labor export, says group |
Global alliance of overseas Filipinos and families Migrante International today said that the rise in local unemployment will push the Philippine government to further intensify and implement a more aggressive labor export policy. According to the 2011 Social Weather Survey, unemployment rose to 24 percent, or an estimated 9.7 million, signifying an additional 1.5 million … Continue reading
Q&A: ECB President Mario Draghi – The Euro Crisis – WSJ
Mario Draghi, president of the European Central Bank, spoke with Brian Blackstone, Matthew Karnitschnig and Robert Thomson of The Wall Street Journal on Feb. 22 about the importance of austerity in Europe, the Greek bailout deal and the ECB’s recent decision to exempt its Greek bond portfolio from losses. WSJ: What inning are we in … Continue reading
UK | NEETs | Almost 1m young people not in education, employment or training
Almost 1 million young people are not in school, work or training, according to official figures which underline the extent to which the economic slowdown is hurting school-leavers. One in six 16- to 24-year-olds was a “neet” (not in education, employment or training) in the last three months of 2011, according to statistics published by … Continue reading
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