Job Market Monitor
A Closer Look
The United States College Completion Imperative: How do you think a nation will get by in the 21st century ?
The United States used to lead the world in educational attainment. We now rank 16th. Our low college graduation rates are not keeping pace globally or meet workforce demands over the next decade-plus, and are creating serious economic problems today.
Wage subsides for young workers brought forward in UK
Wage subsidies for firms hiring out of work 18 to 24-year-olds are to be triggered early in 20 deprived areas. Deputy Prime Minister Nick Clegg has announced that payments will be paid when young people have been out of work for six months instead of nine. The initiative is part of the government’s £1bn Youth … Continue reading
Long-term unemployed will begin seeing their federal jobless benefits disappear in at least 24 states
Many long-term unemployed will begin seeing their federal jobless benefits disappear starting this week. This round affects the jobless in at least 24 states, while all Americans will be affected in the fall.
Are People Really Working From Home ? 43 percent watch TV or a movie
A new survey by Citrix (CTXS), the Fort Lauderdale (Fla.) company that designs technology for employees to work remotely, shows that many people sneak in other activities while working from home. Based on a survey of 1,013 American office workers, conducted in June by Wakefield Research, 43 percent watch TV or a movie and 20 … Continue reading
HP – 9,000 jobs trimmed in U.S.
Hewlett-Packard plans to trim its workforce by about 9,000 in the U.S. as part of its long-term plan to reduce 27,000 jobs worldwide by fiscal 2014, a source familiar with the company’s plans said. HP in May said it was cutting about 8% of its workforce through a combination of layoffs and retirement offers in … Continue reading
Skilled Worker Shortage: Perhaps we don’t understand the problem well enough
We’ve been seeking solutions to manufacturing’s skilled worker shortage for so long, I have to conclude: Perhaps we don’t understand the problem well enough to either effectively communicate our needs to the potential workforce or to change our hiring practices… The question is: Do you think the general populace knows this fact or understands its … Continue reading
LA County court: Massive layoffs
Squeezed by state budgets cutbacks, the Los Angeles County court system is launching massive job layoffs, pay cuts and transfers, court officials said.. Cutbacks will affect 431 court employees and 56 courtrooms throughout the nation’s largest superior court system. Presiding Judge Lee Smalley Edmon bemoaned the loss of longtime employees as well as the impact … Continue reading
Asia: Investment banks launch round of job cuts
Investment banks and brokerages across Asia have launched a sweeping round of job cuts as Europe’s debt crisis and China’s economic slowdown bite into the region’s financial activity. Speaking to bankers and other industry sources, Reuters was able to confirm at least 50 people were let go in the past three weeks, a cull that … Continue reading
“Girls in Science” campaign: European Commission Launches Controversial Video
Lipstick, bubbles, and makeup — not exactly the first things that come to mind when discussing science. However, those are all displayed in the European Commission’s controversial video for its “Girls in Science” campaign. The goal of the video is to attract more women to a career in science. According to commission officials, the video … Continue reading
Romney: a proponent of outsourcing jobs?
A conveniently timed piece on Mitt Romney in The Washington Post has given Democrats a big chance to label him as a proponent of outsourcing jobs, a line of attack that brings together the economy, a little-known career at a private-equity firm, and China. The thrust of the Post’s reporting is that while Romney ran … Continue reading
UK – £1,500, the cost of filling a vacancy in 2012
The median cost of filling a single vacancy stands at £1,500 in 2012 via What is the typical cost of filling a vacancy in 2012? (XpertHR – Employment Intelligence).
Resolute: Layoffs to come with shutting down paper line at Catawba plant
Resolute Forest Products is shutting down one of four production lines at its Catawba plant. The No. 1 line which makes lightweight coated paper used in magazines and advertising fliers, will shut down June 30. Layoffs will start July 2, said Debbie Johnston, spokeswoman for the company known formerly as Abitibi Bowater. How many people … Continue reading
Pentagon: Automatic cuts could wipe out nearly 1 million jobs
The report, by the National Association of Manufacturers (NAM), is the latest in a growing heap of studies warning of dire economic consequences if policymakers fail to avert about $100 billion in cuts to the Pentagon and nondefense programs next year. Across-the-board budget cuts scheduled to hit the Pentagon in January would eliminate nearly 1 … Continue reading
Sports Illustrated: Layoffs Coming
Job cuts are coming to Sports Illustrated and now we have a rougher idea of how many people are getting cut. It looks like as many as 16 folks could lose their job. Over the next two weeks, SI staffers will have a chance to volunteer for a buyout. If not enough people raise their … Continue reading
GM – Brazil: Extending Voluntary Layoffs
The Brazilian unit of General Motors Co. (GM) said Friday that it is prolonging a voluntary layoff program at one factory and expanding the program to a second Brazil factory. GM said in a statement that it will accept volunteers until July 2 at its Sao Jose dos Campos factory to have their contracts bought … Continue reading
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