Job Market Monitor
A Closer Look
US – Hospitals laid off more employees in May
Hospitals laid off more employees in May than in prior months, but mass layoffs in the ambulatory care setting declined slightly, according to a monthly report issued June 20 by the U.S. Dept. of Labor’s Bureau of Labor Statistics. Eleven mass layoffs affecting at least 765 people occurred in the hospital setting in May. Only … Continue reading
India – Factory output and hiring are up
Indian factories in June stepped up production and hired workers at the fastest rate in more than two years, but sagging demand abroad took a toll on growth in new export orders, a survey showed on Monday. The HSBC manufacturing Purchasing Managers’ Index (PMI) rose to 55.0 in June, a four-month high, from 54.8 in … Continue reading
Schott Solar – Layoffs as Albuquerque plant closes down
via Schott Solar announces layoffs – YouTube.
Federal Reserve Bank of Philadelphia’s coincident indexes for states decreased in nine states
The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for May 2012. In the past month, the indexes increased in 34 states, decreased in nine states, and remained stable in seven states, for a one-month diffusion index of 50. Over the past three months, the indexes increased in 47 … Continue reading
Dating: Unemployment is biggest turn-off
Despite tough economic times and a solid unemployment rate, a new study has revealed that women are not interested in dating a man with no job. Dating site, It’s Just Lunch, surveyed 925 men and women and found that a whopping 75per cent of women were turned off by unemployment. Though notably conducted by a … Continue reading
German unemployment climbs
Recent official figures have revealed that the number of unemployed people in Germany jumped by 7,000 in June, giving an unemployed rate of 6.8 percent of the workforce. The German Labor Office said on Thursday that the number of people out of work in Europe’s largest economy increased by a seasonally-adjusted 7,000 to 2.882 million … Continue reading
UK – Employers reluctant to invest in training during tough times
But organisations cut training despite believing in benefits The majority of executives believe that training boosts productivity and profits, but are reluctant to back this by investing in it during tough times, research has shown. A survey of UK and US senior executives by the Economist Intelligence Unit (EIU) found that 90 per cent agreed … Continue reading
UK – Recession deeper than feared
The Office for National Statistics (ONS) confirmed the economy shrank by 0.3pc in the three months to March, unchanged on its previous estimate, but revised the data for the final quarter of 2011 from a contraction of 0.3pc to 0.4pc. The figures also revealed the toll the double-dip has taken on families. Household disposable income … Continue reading
Skills Gap – Ohio: Manufacturers need qualified workers
The No. 1 issue facing manufacturers in Ohio is the difficulty finding qualified skilled workers to meet the needs of the industry in the state, according to sources at the Manufacturing and Distribution Update held June 27 at The Pinnacle in Maumee by Gilmore, Jasion & Mahler Ltd. (GJM). Staff members from GJM learned about … Continue reading
Canada – Via Rail cuts 200 union jobs
Via Rail expects to cut 200 unionized jobs, or about nine per cent of its workforce, as the government-owned passenger rail service reduces trips on lines across the country. No routes are being eliminated, and some in the busy Montreal-Toronto corridor will be increased. But by the end of October, routes in most other areas … Continue reading
India: Vocational training lost importance has led to the widening gap between supply and demand for skilled manpower across various industries
Although the field of education has made progress in the past ten years, this less regulated area of the education sector – vocational training— seems to have lost its importance. This has led to the widening gap between the supply and demand for skilled manpower across various industries. This shortage of skills has translated directly … Continue reading
Neet – not in work or education – On the rise in UK
More of England’s teenagers are leaving education without a job, government statistics show. Annual figures show that last year 8.1% of 16 to 18-year-olds were not in education, employment or training (Neet). That is up from 7.5% in 2010. There was also a slight fall in in the proportion of teenagers in full-time education, which … Continue reading
Polish Unemployment: 12.6% In May
Poland’s jobless rate eased to 12.6% in May from 12.9% in April, the labor ministry said Wednesday. via Polish Unemployment Eases To 12.6% In May – Labor Ministry. — Unemployment Rate
Will the 15-hour week come as a consequence of unemployment ?
Machines were rapidly replacing human labour, holding out the prospect of vastly increased production at a fraction of the existing human effort. In fact, Keynes thought that by about now (the early twenty-first century) most people would have to work only 15 hours a week to produce all that they needed for subsistence and comfort. … Continue reading
Europe: Unemployment rate linked to rise in suicides
Soaring unemployment rates across Europe caused by economic policies are a ‘public health emergency’, doctors heard at a seminar on health inequalities. Former BMA president Professor Sir Michael Marmot, author of the Fair Society, Healthy Lives report, told an interactive symposium on social and health inequalities that for every 1 per cent rise in unemployment … Continue reading
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