Job Market Monitor
A Closer Look
UK | As many as 1 in 10 will delay retirement
As many as one in ten Britons planning to retire this year will delay their exit from the workplace, research revealed. Some 68% of those planning to postpone their retirement based the decision on financial pressures making it difficult for them to afford being out of employment, the Prudential Class of 2012 study showed. However, … Continue reading
What is happening with the Green Jobs ? | Canada Experience Layoffs in Solar Energy
Citing a shortage of customers for its solar panel products, Siliken Canada has laid off 40 workers from its Windsor manufacturing plant. The move is only the latest blow to the region’s fledgling solar industry. Siliken general manager Paco Caudet said the situation is “no different than in any other manufacturing sector.” “When you have … Continue reading
ADP : Slowdown in U.S. Employment Growth
Recent hiring has slowed down, according to a report released Wednesday on private employment in April. Private-sector employment increased 119,000 on the month, led by the service-providing sector and small and medium businesses, according to payrolls-processor Automatic Data Processing Inc. The April gain is down from monthly employment increases of about 200,000 averaged over the … Continue reading
Nine Countries at or near full employment
Earlier this month, polling agency Gallup released its 2011 global unemployment statistics for 148 countries. Of the nations Gallup surveyed, nine had unemployment rates below 5%. The majority are in Asia, with the remainder in central or eastern Europe. 24/7 Wall St. reviewed these nine countries to determine the underlying causes of their extremely low … Continue reading
Italy : Unemployment Rate Rises To 9.8% and To 35.9% For The 15-24
Italy’s unemployment rate increased for the seventh consecutive month in March to its highest level in at least nine years, data released by the statistical office ISTAT revealed Wednesday. The seasonally adjusted jobless rate rose to 9.8 percent from February’s 9.6 percent, which was upwardly revised from the 9.3 percent reported earlier. The latest jobless … Continue reading
German unemployment down to 7.0 percent not following Eurozone
As Euro area unemployment hits record high, Germany’s unemployment rate fell to 7.0 percent last month with less than 3 million registered as jobless — the best April value in 20 years, official figures showed Thursday. Germany’s labor agency says the country’s unemployment rate slipped from 7.2 percent in March thanks to the continuing traditional springtime … Continue reading
Euro area unemployment hits record high
Europe’s Unemployment statistics – March 2012 – Euro area unemployment rate at 10.9%, EU27 at 10.2% The euro area (EA17) seasonally-adjusted unemployment rate was 10.9% in March 2012, compared with 10.8% in February. It was 9.9% in March 2011. The EU27 unemployment rate was 10.2% in March 2012, stable compared with February. It was 9.4% in March 2011. Eurostat estimates that 24.772 million men … Continue reading
Industrial Energy | 200 jobs under threat, briquette maker warns
A LATROBE Valley company owned by brown-coal generator HRL has warned that the carbon tax will force it to close, with the loss of 200 jobs, unless the Gillard government injects enough compensation to keep the company alive. With the government poised to release details of various taxpayer-funded assistance for industry, HRL subsidiary Industrial Energy … Continue reading
Bank of America | More Than 300 Job Cuts
Bank of America Corp. (BAC), the second- largest U.S. lender, plans to cut more than 300 jobs from corporate and investment banking and trading units run by Thomas K. Montag as underperformers are culled from its ranks, according to a person briefed on the matter. The firm will target workers on desks where business has … Continue reading
Costa Rica’s Skill Gap | In 3 Out of 10 Companies
3 Out of 10 Companies In Costa Rica Unable To Hire Suitable People About 30% of Costa Rican employers say they have difficulty in finding suitable people for the jobs they have available. The figure was released by Manpower in Costa Rica. According to the date, human capital with high job skills is one of … Continue reading
Hyundai to add 877 jobs at Montgomery
Hyundai Motor Co. plans to hire 877 more workers to add a third shift at its Montgomery, Alabama, assembly plant so it can crank out more Sonata midsize cars and Elantra compacts. The Korean automaker said Monday the hiring will take place during the summer, with the plant transitioning to the third shift in September. … Continue reading
Calgary | A Job Nirvana
Labour supply is the number-two concern of companies surveyed by Calgary Economic Development, says President and CEO Bruce Graham. Their number-one concern is the jittery world economy, but that’s a fret for the global pace of business that drives oil prices, rather than for the local economy. What business leaders most want is help to … Continue reading
Extended unemployment benefits to expire in Florida
A Floridian who loses his job this year will be eligible for 74 weeks of unemployment benefits, instead of the 99 weeks available during the recession. This is the last week that Florida residents will be able to apply for up to 20 weeks of extended benefits, paid by the federal government, the Florida Department … Continue reading
UPDATE – Is american manufacturing in crisis?
As pointed out by Calculated Risk, industrial production is still 4.1% below the pre-recession peak. And, from the job market perspective, things are worse. Manufacturing’s decline in jobs is part of a complicated picture Is manufacturing in crisis? That’s a question on the minds of many policy makers. Even President Barack Obama talked about it in … Continue reading
GM to lay off 100 white collar workers and close a R&D facility in India
General Motors Co. will cut about 100 positions at its global research and development headquarters in Warren and will close a research and development facility in Bangalore, India, as part of a global restructuring, a source familiar with the plans said Monday. GM officials began giving notices to affected Warren Tech Center employees after a … Continue reading
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