Job Market Monitor
A Closer Look
Australia | Finance Industry Has Lost 3k Jobs in the first 4 months of 2012
A shocking 3000 jobs have been lost in Australia’s finance industry in the first four months of the year according to the National Secretary of the Financial Services Union. Though the majority of these jobs were lost in the first six weeks of the year, with the announcement from the Australia & New Zealand Banking … Continue reading
Job Gap | Europe’s army of ‘underemployed’ nearly 25 million plus 9 million underemployed
Almost nine million people in the European Union were considered “underemployed” in 2011, according to new Eurostat figures. These numbers add to the growing ranks of nearly 25 million unemployed in the EU, highlighting a ticking social time-bomb. Some 42 million workers in the EU were employed part-time in 2011, according to a survey by … Continue reading
UK | Black graduates hardly hit by jobs crisis
In a survey of 2,000 black students more than 40 per cent said they anticipated discrimination from employers because of their race, while around 60 per cent did not expect to be in full-time work within six months of graduating. But the study found that cultural and educational factors were just as important in the … Continue reading
Canada | Labour Market roars back in March but economists are skeptical about recent swings in data
Bumpy patterns in Canada’s labour force survey are causing headaches for economists. The last jobs report showing a 82,300 employment gain was the biggest bump since the onset of the recession and the fourth-largest increase ever. Most economists are skeptical about both the outsized gain and the job market’s weakness in previous months. It also … Continue reading
Sony Confirms 10,000 Layoffs but Games studios ‘spared’
Games studios ‘spared’ in Sony mass-layoff plan | Game Development | News by Develop Chemicals, TV, sales and marketing to bear the brunt of global cut-backs Sony will not bury the axe into its games division as the company prepares to slash some 10,000 jobs from its global entertainment empire, Develop understands. Information of the … Continue reading
Unemployment Rate | Decline in 30 states
This graph shows the current unemploymentrate for each state (red), and the max during the recession (blue). Every state has some blue – indicating no state is currently at the maximum during the recession. The states are ranked by the highest current unemployment rate. Only three states still have double digit unemployment rates: Nevada, Rhode … Continue reading
LA | Mayor calls for 669 job cuts
In his new city budget, Los Angeles Mayor Antonio Villaraigosa called Friday for the elimination of 669 city jobs -– 231 through layoffs — even as he sought increased staffing levels for police officers and the restoration of some services at the Fire Department. One-third of the jobs targeted by the mayor in his $7.2-billion … Continue reading
Beaverton School District May Slash Over 300 Jobs
The Beaverton school district would eliminate more than 300 jobs under a budget proposal presented Thursday night at Sunset High School. Beaverton is one of the three largest school districts in Oregon — and it’s facing the largest budget shortfall. Before Beaverton superintendent Jeff Rose got into the budget details, he set the tone. He … Continue reading
Aviva | 1,300 Employees Fired Mistakenly – Ouch!
Aviva Plc (AV/), the U.K.’s second- biggest insurer by market value, said the company’s investment unit mistakenly sent an e-mail dismissing its entire staff before retracting the message. The e-mail, which was sent by the Aviva Investors human resources department to 1,300 employees globally, told recipients to turn over company property as they left the … Continue reading
India-based Embassy | IT park in Serbia will create 15,000 jobs
An Indian group will build an IT park in Serbia with an estimated investment of 600 million euros ($788 million). Serbian Prime Minister Mirko Cvetkovic and Jitendra Virwani, chairman of the India-based Embassy Group, Thursday broke ground for the construction of the IT park. Cvetkovic said that the 25,000 square meter facility in the town … Continue reading
162 layoffs in Quebec City | Illegal says Union
The 162 blue-collar layoffs issued by the City of Quebec yesterday are illegal. This was the legal opinion given to the executive of the City’s manual workers’ union (Syndicat des employés manuels – CUPE 1638) who were quick to file a motion for intervention with the Quebec labour relations board, the Commission des relations du … Continue reading
Technical and Vocational Education and Training (TVET) in Sub-Saharan Africa | A better chance for finding jobs (Video)
Three out of five unemployed in sub-Saharan Africa are young. This video explores the importance of Technical and Vocational Education and Training (TVET) in giving young people in Africa a better chance for finding jobs. It is published by UNESCO’s Regional Office for Education in Africa, based in Dakar, Senegal (2011).
UPDATE – American Airlines layoffs
Facing layoffs and other cuts, unions at American Airlines back merger bid from US Airways US Airways made an end run around its larger rival and secured the support of American’s three labour unions in its bid to force a merger. The unions were angry with American over its plan to cut jobs and squeeze … Continue reading
India | Infosys to cut in pay after salary freeze
Infosys will tell restive employees angry about a salary freeze that it will make steep cuts to their variable pay for the January-March quarter, risking an exodus of talent to greener pastures. India’s second-largest software exporter, which missed its revenue guidance for the final quarter, has decided that most of its employees will get only … Continue reading
Korea | 70,000 Korean Chinese Face Job Loss
Around 70,000 ethnic Koreans from China working here face the end of their temporary employment visas. Korea opened its doors to ethnic Koreans mostly from China in 2007 to make up for a shortage of workers here in so-called 3D — dirty, dangerous and difficult — jobs. But the four-year, 10-month work visas start to … Continue reading
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