Job Market Monitor
A Closer Look
Indonesia | 2m skilled workers needed in over next 3 years
Indonesia’s private sector will need about 2 million skilled workers within the next three years to support growing business activities, according to the Indonesian Chamber of Commerce and Industry (Kadin). Kadin said on Tuesday that the demand for workers was based on the projection of 13 business associations including the Indonesian Shipbuilding Association (Iperindo), Indonesian … Continue reading
Pfizer | Layoffs at Manitoba PMU plant
Drugmaker Pfizer’s restructuring of its estrogen extraction plant at Brandon, Man. calls for about 40 per cent fewer employees by the end of next year. The company processes conjugated estrogen from pregnant mares’ urine (PMU) at Brandon to make the hormone replacement therapy Premarin, used to treat menopausal symptoms in women. Pfizer said Tuesday it … Continue reading
Hostess sent potential layoff notices to its 18,000 employees nationwide
Hostess had warned earlier this month that certain conditions — such as an “unsatisfactory resolution to its pending motion before the bankruptcy court regarding certain modifications to its collective bargaining agreements” — could force it to liquidate. “The notices were sent to alert employees that a sale or wind-down of the company is possible in … Continue reading
UK | Surprise Job Market Positive Results
(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
U.S. tariffs on Chinese solar cells could lead to job losses
The Obama administration’s recent decision to slap import tariffs on Chinese solar cells was hailed by some domestic solar manufacturers as a victory for job creation, leveling the field while sending a powerful message to Beijing about monopolistic behavior in crucial industries. But a close look at the U.S. solar industry suggests that the tariffs … Continue reading
South Africa’s police to cut 9000 jobs
South Africa’s police service should reduce staff numbers by 9000, the National Treasury has recommended, according to a report on Monday. According to a Treasury report submitted to Parliament last week, this could see the police service placing a moratorium on the recruitment of new members from 2013, Beeld newspaper reported. Dianne Kohler-Barnard, DA MP … Continue reading
UK | More than 60,000 NHS jobs ‘at risk’
More than 25,000 National Health Service posts have been abolished in the past two years and more than 60,000 further jobs are at risk, according to the Royal College of Nursing. Government proposals to move care of many patients from acute hospitals to community settings are branded a “facade” by the nurses’ representative body in … Continue reading
Harmonised Unemployment Rates stable at 8.2% in March for OECD
The OECD area unemployment rate was stable at 8.2% in March 2012, the same level recorded since February 2011. This flatness is largely the result of increasing rates in some euro area countries being offset by declines in North America. The euro area unemployment rate rose by 0.1 percentage point to 10.9% in March, 3.6 … Continue reading
Canada | Best two-month employment gain in three decades
Employment increased by 58,000 in April, mostly in full-time work. This was the second consecutive month of notable gains after four months of little change. With more people searching for work, the unemployment rate increased by 0.1 percentage points to 7.3%. Compared with 12 months earlier, employment was up 1.2% or 214,000. All of the growth over the 12 months was in full-time work, up 217,000 (+1.6%), while … Continue reading
Looking for work abroad | Only money and lack of skills stand in the way
Three out of five employees in the UK (60%) want to change their job, but are being held back by a lack of finances(46%) and not having the right skills (42%), according to new a poll of 3,000 people by Bing, Microsoft’s search engine. The research was conducted to examine what Brits really want to … Continue reading
Eurozone economy to shrink in 2012 dragged down by Greece, Spain, Italy …
The eurozone economy is forecast to shrink this year as its debt crisis continues to bite. The European Commission’s spring forecast confirmed its prediction of a 0.3% contraction in 2012 in the economies of the 17 countries that use the euro. It predicted growth of 1.0% for the eurozone in 2013. European Commissioner for Economic … Continue reading
200,000 Long-Term Jobless Americans lose unemployment benefits
More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program. Nearly half of them live in California, and the rest reside in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania and Texas. The federal extended benefits program has provided the jobless with up … Continue reading
Structural Unemeployment | In the long run we are all dead and in the short run, there is a lot of pain
Krugman: So now we’re in another depression, not as bad as the last one, but bad enough. And, once again, authoritative-sounding figures insist that our problems are “structural,” that they can’t be fixed quickly. We must focus on the long run, such people say, believing that they are being responsible. But the reality is that … Continue reading
Unemployment Insurance Weekly Claims Report : An insignificant drop but might indicate a return to a declining trend
SEASONALLY ADJUSTED DATA In the week ending May 5, the advance figure for seasonally adjusted initial claims was 367,000, a decrease of 1,000 from the previous week’s revised figure of 368,000. The 4-week moving average was 379,000, a decrease of 5,250 from the previous week’s revised average of 384,250. The advance seasonally adjusted insured unemployment … Continue reading
India | SKS to cut 1,200 jobs
SKS Microfinance Ltd(SKSM.NS), the only listed microfinance company in India, said on Thursday it planned to reduce its headcount by a third and shut some branches in Andhra Pradesh state amid mounting losses. SKS’ business in Andhra Pradesh, which was a microfinance hub earlier, has been hit after the state government imposed a set of … Continue reading
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