Job Market Monitor
A Closer Look
UK cities | An international comparison of unemployment
Unemployment has fallen for the second consecutive month to March. Yet the outlook remains fragile as part-time work and self employment increase in the absence of full-time job creation. The picture across UK cities continues to look very different. To highlight just how different we’ve compared ILO unemployment rates by city to countries around the … 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
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
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
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.
T-Mobile | 900 new layoffs
When T-Mobile USA laid off thousands of workers in March, it wasn’t quite done handing out the pink slips. On Tuesday T-Mobile said it would enter into its next phase of restructuring, which means 900 more layoffs on top of the 1900 job cuts it has already made. via T-Mobile USA starts round 2 of … Continue reading
S. Korea | Unemployment rate (sa) stood at 3.4 percent in April
South Korea’s seasonally adjusted unemployment rate stood at 3.4 percent in April, unchanged from the previous month, official figures showed Wednesday. The economy added 455,000 jobs in April compared with 379,000 a year earlier. via S. Korea jobless rate falls due to service jobs – Channel NewsAsia.
Survey | Older Workers are sticking with their jobs because they “want to”
According to the Older Workers & Money Survey released today by Charles Schwab & Co., Inc., more than three-quarters (76 percent) of middle-income Americans who are between the ages of 50 and 69 say they are sticking with their jobs because they “want to” vs. being “stuck” in them because they can’t leave. Moreover, one … Continue reading
Credit Suisse | To fire 126 employees in the New York area
Credit Suisse Group (CSGN.VX) plans, according to a notification the bank sent to New York State’s Department of Labor on Tuesday. The layoffs, which will extend through August 6, follow the elimination of jobs of 109 people in New York earlier this year. The filing did not disclose the level of seniority nor the business … Continue reading
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