Job Market Monitor
A Closer Look
Our prolonged employment gap – Rex Nutting – MarketWatch
Everyone knows that the Great Recession has inflicted tremendous damage to the lives and fortunes of millions of Americans. But what you may not know is that most of the suffering is still to come. We’re not even halfway done with this mess. The economy has been growing for 31 months now, and employment has … Continue reading
Canada | Older workers age 60-plus represent 8 per cent of the workforce, but account for 30 per cent of new job gains – thestar.com
The face of the Canadian worker is changing. Gone are the days of hitting the magic retirement age, and heading off to travel and enjoy life. More Canadians are working past 60, some well into their 70s, often because they can’t afford to retire. And getting squeezed in some cases, are other job-seekers, including new … Continue reading
Forget Generation Y: 18- to 34-Year-Olds Are Now ‘Generation C’
It’s hardly news that young adults are the most digitally connected, but now Nielsen has come up with a new name for this group based on their common behaviors: “Generation C.” The C stands for “connected,” and the group comprises Americans between 18 and 34 — who are defined by their digital connectivity, Nielsen and … Continue reading
US | Census | More than 30 percent of U.S. adults 25 and older had at least a bachelor’s degree
In March 2011, for the first time ever, more than 30 percent of U.S. adults 25 and older had at least a bachelor’s degree, the U.S. Census Bureau reported today. As recently as 1998, fewer than one-quarter of people this age had this level of education. From 2001 to 2011, the number of Hispanics with … Continue reading
Labour reform in Spain: Spanish practices | The Economist
SPAIN’S new government is learning to be wary of microphones. Mariano Rajoy, the prime minister, was caught by one claiming his labour reform would provoke strikes. Luis de Guindos, the economy minister, was overheard calling it extremely aggressive. When the reform was unveiled in a decree of February 10th, expectations were of a radical simplification … Continue reading
Europe’s banks bleed from Greek debt crisis | Reuters
The scars of Greece’s debt crisis were laid bare in heavy losses from a string of European banks on Thursday, and bosses warned the region’s precarious finances would continue to threaten economic growth and earnings. From France to Germany, Britain to Belgium, four of the region’s biggest banks lined up to reveal they lost more … Continue reading
Jobless claims hold steady at 4-year low
DOL Press Release: Unemployment Insurance Weekly Claims Report SEASONALLY ADJUSTED DATA In the week ending February 18, the advance figure for seasonally adjusted initial claims was 351,000, unchanged from the previous week’s revised figure of 351,000. The 4-week moving average was 359,000, a decrease of 7,000 from the previous week’s revised average of 366,000. The advance seasonally … Continue reading
P&G to cut about 10 percent of non-manufacturing jobs | Reuters
Procter & Gamble Co plans to cut a total of 5,700 nonmanufacturing jobs as part of a new plan to reduce costs by $10 billion by the end of fiscal 2016, Chief Executive Officer Bob McDonald said on Thursday. The world’s largest household products company has about 57,000 non-manufacturing employees among its total workforce of … Continue reading
U.S. Postal Service to Cut 35,000 Jobs as Plants Are Shut – Bloomberg
The U.S. Postal Service, which predicts an annual loss of $18.2 billion by 2015, plans to eliminate 5.4 percent of its workforce by closing almost half its mail-processing facilities to decrease costs. The service plans to shut 223 of its 461 mail-processing plants by February 2013, Postmaster General Patrick Donahoe said in a telephone interview … Continue reading
BC | Hiring surge for tech sector
British Columbia’s technology sector appears to have weathered the global downturn and expects to create more than 3,000 new jobs in 2012, according to a new survey from the B.C. Technology Industry Association. The group’s bi-annual TechTalent B.C. survey showed the industry expects a five per cent growth in jobs this year with demand highest … Continue reading
Jobs boost as call centre relocates from India to Simonstone – Business News – Pendle Today
A FORMER Burnley College student has given the local jobs market a boost thanks to 5,000-mile relocation. Mr Nigel Eastwood, who studied A-Levels in biology, chemistry and environmental studies, has relocated the customer service operations of New Call Telecom from New Delhi, India, to Simonstone. New Call Telecom, the fastest growing home phone and broadband … Continue reading
Migrants elbow for Foxconn jobs despite labor probe – Business LIVE
Apple’s top manufacturer in China, Foxconn Technology, is having no problems luring fresh workers to churn out ever more gadgets, despite the firm’s reputation as a tough employer that has put it under a thorough probe into its labor practices. On a smoggy day in a gritty industrial suburb of Shenzhen, thousands of job seekers, … Continue reading
Eurozone enters ‘mild recession’ – RTÉ News
EU Economic and Monetary Affairs Commissioner Olli Rehn has said that Ireland’s economy is continuing to recover. Mr Rehn said that the EU-IMF bailout has contributed to the recovery through financial assistance and the restructuring and recapitalisation of the banking sector. This is despite figures showing an expected slowdown in exports and an increase in … Continue reading
Romania ranks 8th across Europe for women in top jobs | Daily news in English from Romania – Romania-Insider.com
Romania is in the top ten countries for share of women in top management positions, in a study of companies in Europe, the Middle East and parts of Africa. Romania’s eighth position puts it ahead of Germany and the Netherlands. The percentage of women who work in key positions is 34 percent, according to the … Continue reading
UK | Graduate unemployment levels on a par with school leavers
Graduates leaving university found it harder to get jobs in 2011 than students finishing A-level courses, as youth unemployment hit its highest level since the 1980s, official data shows. In 2011, 20% of 18-year-olds who left school with A-levels were unemployed compared with 25% of 21-year-olds who left university with a degree, according to figures … Continue reading
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