Job Market Monitor
A Closer Look
Briggs & Stratton | 460 jobs cut
Briggs & Stratton Corp. said Thursday that it plans to cut about 460 jobs and stop selling gardening products through big retailers as demand for its goods shrinks. The company, which is based in Milwaukee, is shifting some manufacturing work from an Alabama plant to another plant it has in China, or to contractors elsewhere … Continue reading
Unemployment Insurance Weekly Claims Report : Two in a row dissapointing weeks, not a good sign
SEASONALLY ADJUSTED DATA In the week ending April 21, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 1,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 381,750, an increase of 6,250 from the previous week’s revised average of 375,500. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
As Thousand of Teachers Are Laid-off, Education Slowdown Threatens U.S. – WSJ.com
Throughout American history, almost every generation has had substantially more education than that of its parents. That is no longer true. When baby boomers born in 1955 reached age 30, they had about two years more schooling than their parents, according to Harvard University economists Claudia Goldin and Lawrence Katz, who have calculated the average … Continue reading
First generation of employers with no widespread military experience makes finding a job hard for veterans
Matt Pizzo has a law degree, can-do attitude, proven leadership skills, and expertise in communications and satellite technology from his four years in the Air Force. Yet the 29-year-old has been told that he’s overqualified, too old, too “non-traditional,” and that he’s fallen behind his civilian contemporaries. “It was disheartening, to say the least,” he … Continue reading
China’s Job market | Small companies are confronting growing difficulties
A slowdown in China’s economy has not caused employment woes, officials have claimed, but they also warned of challenges as the country’s small companies are confronting growing difficulties. The country’s urban registered unemployment rate stood at 4.1 percent in the first three months of 2012, according to figures released on Wednesday by the Ministry of … Continue reading
Ohio | Unemployment benefits | More than 280,000 Ohioans will exhaust their unemployment benefits by December
More than 280,000 Ohioans will exhaust their unemployment benefits by December, according to a report out Wednesday from the Ohio Department on Job and Family Services. The number of people running out of unemployment will reach more than 7,100 by December – with peaks in the months of April (986 people) and December (4,233 people), … Continue reading
Poland | Unemployment Rate drops to 13.3 pct
Government statistics show that Poland’s unemployment rate dropped slightly to 13.3 percent in March, from 13.5 percent the month before. It was the first drop in the jobless rate since the figure started rising in November… Source: Read More @ Poland’s unemployment drops to 13.3 pct in March – CBS News.
Lufthansa | Still evaluating but 3,000 job cuts rumored
Deutsche Lufthansa AG said it was still evaluating how many jobs it would cut in a cost-reduction programme, in response to a report that Germany’s biggest airline plans to axe about 3,000 administrative jobs. German mass-circulation paper Bild earlier reported that Lufthansa planned to cut half of a total of 6,000 administrative jobs around the … Continue reading
Reverse Offshoring | Indian firms creates jobs in US
Indian companies operating in 40 American states have invested over USD 820 million in manufacturing facilities in the US, creating thousands of jobs, according to the 2012 India Business Forum (IBF) survey. The survey “Indian Roots, American Soil: Adding Value to US Economy and Society”, released by the Confederation of Indian Industry (CII) at a … Continue reading
Equal Employment Opportunity | New rules on job seekers with criminal records
The U.S. Equal Employment Opportunity Commission voted Wednesday to revise its long-standing guidance to employers on how to properly evaluate job applicants’ criminal histories in pre-employment screening. The issue became a controversy because an estimated 65 million Americans have some type of criminal record, which can make it very difficult to get a job. Researchers … Continue reading
H&R Block cuts 350 jobs
Top U.S. tax preparer H&R Block said it was looking for a new finance chief, and that it would close about 200 underperforming company-owned stores and eliminate 350 full-time positions, its second round of store closures and job cuts in three years. Shares of the Kansas City Montana-based company, which cut 400 jobs and shut … Continue reading
Tieto | No job cuts in India after 1300 worldwide
Following the 1300 jobs cuts it announced worldwide, Helsinki, Finland-based IT services company Tieto Corporation is looking to provide full lifecycle of IT services in consulting and system integration, along with product engineering. Out of its 18000 global workforce, 1700 or about 10% work in India, where it will not cut jobs, but will focus … Continue reading
U.S. DOD | Possible layoffs of 24,000 enlisted personnel and 5,000 officers in Army
A Pentagon official signaled on Wednesday that the Army could lay off as many as 24,000 enlisted personnel and up to 5,000 officers within five years to meet a projected reduction in the force driven by budget cuts and the winding down of two wars. Pressed on the possibility of involuntary terminations, Thomas Lamont, an … Continue reading
Zurich Insurance | 342 jobs cut in UK
Zurich Insurance has confirmed it will cut 342 jobs at five of its UK offices. The majority will be cut from its headquarters in Whiteley, Hampshire, with staff in Farnborough, Cardiff, Glasgow and Leeds also at risk. The insurer also plans to cut another 51 jobs at its Indian call centre in Pune by 2014. … Continue reading
Feds’ budget cuts would cost 108,000 fewer jobs to the Canadian economy
The Canadian economy could grow at a slower pace, and have 108,000 fewer jobs as the federal government cuts more than $5 billion in spending and eliminates the deficit by 2015, according to a report from Parliament’s spending watchdog. The economic and fiscal outlook from Parliamentary Budget Officer Kevin Page, released Wednesday morning, also predicts … Continue reading
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