Job Market Monitor
A Closer Look
The 86 million uncounted unemployed – May. 3, 2012
There are far more jobless people in the United States than you might think. While it’s true that the unemployment rate is falling, that doesn’t include the millions of nonworking adults who aren’t even looking for a job anymore. And hiring isn’t strong enough to keep up with population growth. As a result, the labor … Continue reading
New definition of Unemployment Rate | Supernatural Rate = Actual Rate – Natural rate
The Natural Rate Hypothesis has been around us for … since Freidman presidential adress (1968?). Economists know that the definition lies on shaky grounds.
India | Accor to hire over 1,100 employees
Hospitality firm Accor today said it will hire 1,100 people in India this year to meet the needs of its growing network. The company plans to operate 90 hotels in India by 2015. It already has 3,600 employees here, the company said in a statement. “We expect to create significant job opportunities across all segments … Continue reading
The number of Disabled Americans Workers receiving SSDI jumped 22%
The number of workers receiving SSDI jumped 22 percent to 8.7 million in April from 7.1 million in December 2007, Social Security data show. That helps explain as much as one quarter of the decline in the U.S. labor-force participation rate during the period, according to economists at JPMorgan Chase & Co. and Morgan Stanley. … Continue reading
Brain Drain | India top exporter of skilled immigrants to Australia
India has climbed to the top of the charts as the top source country for skilled permanent migrants to Australia. Chris Bowen, the Australian immigration minister who is visiting India, told TOI, “The strongest link between Australia and India is peopleto-people through immigration . India has for several years been our third largest source of … Continue reading
Gallup | U.S. Unemployment Rate Up in April
U.S. unemployment, as measured by Gallup without seasonal adjustment, showed a modest decline to 8.3% in April from 8.4% in March. However, applying the government’s historical April adjustment to Gallup’s unadjusted number yields a seasonally adjusted April estimate of 8.6%, up from 8.1% in March… Read More @ Gallup Seasonally Adjusted U.S. Unemployment Rate Up in … Continue reading
Unemployment Quest : Charles DeYoe was looking for a job reports Wired
Charles DeYoe has been looking for a job ever since he graduated school a year ago. But Charles decided to make the most of the experience, and turn his hunt for work into a video game, Unemployment Quest. Charles is running a Kickstarter project to raise funds to finish Unemployment Quest and produce pro-quality CDs. With 16 days to … Continue reading
New Zealand | Unemployment rate up at 6.7pc
New Zealand’s unemployment rate unexpectedly rose to 6.7pc in the first quarter after the labour force swelled to a three-year high as more people started looking for work in what’s been a tight jobs market. The kiwi dollar fell after the data was released. The unemployment rate rose 0.3 percentage points to 6.7 per cent … Continue reading
UPDATE – Lufthansa | No more rumored : 3,500 jobs cut
Lufthansa to cut 3,500 jobs Lufthansa on Thursday unveiled plans to cut 3,500 jobs as it reported a worse than expected operating loss of €381m in the first quarter of 2012. Analysts had been expecting a loss of €273m for the three months to March 31 but were reassured by how Europe’s largest airline by … Continue reading
Unemployment Insurance Weekly Claims Report : A good drop after two dissapointing weeks, but rises some concern
SEASONALLY ADJUSTED DATA In the week ending April 28, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 27,000 from the previous week’s revised figure of 392,000. The 4-week moving average was 383,500, an increase of 750 from the previous week’s revised average of 382,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
India | 2,5 M jobs created in labour intensive sectors
Over 25 lakh jobs were created in the country between October 2008-December 2011 in selected labour intensive and export oriented sectors, like textiles, the Rajya Sabha was informed today. “According to the survey results, overall estimated employment in all selected sectors has experienced a net addition of 25.84 lakh from the first survey (October, 2008 … Continue reading
Reverse Brain Drain | India, China next destination
The booming markets of India and China, where a new war for professional talent is hotting up, will see incredible opportunities for Western professionals, a noted marketing expert has said. “The new war for professional talent is hotting up like never before and will see huge and developing opportunities for westerners looking for jobs in … Continue reading
StanChart confident to add 2,000 jobs
Standard Chartered said it expected to grow income at least 10 percent this year and to add about 2,000 staff as it picks up the pace of investment later in the year. “We are still guiding to increasing headcount by about 2,000 by the end for the year,” said Richard Meddings, finance director of the Asia-focused bank, … Continue reading
Adobe to hire for 200 high-paying positions in Utah
Adobe Systems Inc. anticipates its new $100 million Utah headquarters will be completed before the end of the year and plans to hire for 200 high-paying positions by the time it moves into the Lehi facility. The California-based software technology company showed off its new 280,000-square-foot Utah facility on Tuesday that is designed as an … Continue reading
Australia | Optus cuts 750 jobs
Optus, Australia’s second-biggest telco, said today it will cut 750 jobs over coming months in a major restructure of its business designed to boost profitability. The company said the job retrenchments – amounting to about one in 12 Optus jobs – will come “from senior and middle management as well as operations, back office and … Continue reading
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