Job Market Monitor
A Closer Look
Blizzard Entertainment cuts global workforce by 600 jobs after review of business operations – The Washington Post
Blizzard Entertainment says it’s cutting about 600 jobs. The Irvine, Calif., company, which makes the popular “World of Warcraft” games, says that only about 10 percent of the cuts will involve jobs related to game development. Blizzard, which is part of Activision Blizzard Inc., says the decision to cut jobs was made after a review … Continue reading
India | Social services sector hires most in 2011
Hiring activities in the non-governmental organisation (NGO) sector have increased over 60 per cent in 2011 compared to 2010, even as they have come under the government scanner for pushing alien agendas in the country. Overall hiring activities in the social sector, which includes NGOs, sustainability arm of big corporates and micro finance companies, increased … Continue reading
Factory, income data support growth outlook | Reuters
The economy grew slightly faster than initially thought in the fourth quarter and a gauge of factory activity in the Midwest hit a 10 month-high in February, pointing to underlying strength in the economy. Gross domestic product expanded at a 3 percent annual rate, the quickest pace since the second quarter of 2010, the Commerce … Continue reading
Where To Find a Blue-Collar or a Service Job in 2020 – Richard Florida – The Atlantic Cities
The United States is on track to generate 20 million jobs between 2010-2020, according to the latest projections from the Bureau of Labor Statistics. But job creation will vary widely by type of job and also by metro region. The nation is projected to generate 7 million new high-wage, high-skill jobs for professional, technical, and … Continue reading
The Rising Age Gap in Economic Well-Being | Pew Social & Demographic Trends
Households headed by older adults have made dramatic gains relative to those headed by younger adults in their economic well-being over the past quarter of a century, according to a new Pew Research Center analysis of a wide array of government data. In 2009, households headed by adults ages 65 and older possessed 42% more … Continue reading
Now, permanent settlement in UK gets tougher – IBNLive
For the first time, Britain is breaking the link between the number of years a migrant spends in the country and permanent settlement, by introducing a 35,000-pound annual salary threshold for those seeking to avail the privilege, a move that is likely to affect Indians. Until now, permanent settlement was automatic: if a migrant spends … Continue reading
Canadian Census Sheds Light on Immigration Success
The most recent Canadian census, published in May 2011, has revealed new information about emerging population trends throughout the country, and how immigration has responded to and shaped these trends. In the past 5 years Canada has welcomed 1,863,791 new permanent and temporary residents. Between 2006 and 2011, the country saw a 5.6% population increase … Continue reading
Why China Will Have an Economic Crisis
The view in most of the world is that China is indestructible. Shrugging off the crises multiplying elsewhere, China seems to surge from strength to strength, its spectacular growth marching on no matter what headwinds may come. It appears inevitable that China will overtake a U.S. mired in debt and division to become the world’s … Continue reading
Jackson Announces Large-Scale Layoffs « CBS Miami
Jackson Health System chief executive officer Carlos Migoya announced Tuesday that more than 900 people will be laid off and nearly 200 positions will be eliminated in a cost cutting move for the troubled hospital system… via Jackson Announces Large-Scale Layoffs « CBS Miami.
Former Lehman Worker Says Long-Term Unemployment Is ‘Demeaning’
At one time, it was easy for Pamela Vernocchi to get a job — she’s worked at several large financial firms on Wall Street — until she got laid-off in 2008. Since then Vernocchi has been on 30 job interviews and submitted around 4,000 resumes. She’s still unemployed. “Back in the day, I had to turn … Continue reading
Student Debt in U.S. Rises to $867 Billion, New York Fed Says – Bloomberg
Debt from educational loans in the U.S. rose to $867 billion last quarter, according to the Federal Reserve Bank of New York. The total increased from $865 billion three months earlier, according to a report released today. The figure comprised both federally backed loans, which are secured by the U.S. government, and private borrowing. While … Continue reading
Colombia unemployment rate may reach double digits again – Colombia news | Colombia Reports
Colombia’s unemployment rate may rise to double digits again, said a former director of the National Administrative Department of Statistics (DANE) on Tuesday. The DANE will release its monthly report for January on Wednesday and the former director Cesar Caballero warned that the news is not likely to be good. Unemployment fell to the single … Continue reading
German unemployment lowest in 20 years
The positive development in the labour market continued at the beginning of 2012. As reported by the Federal Statistical Office (Destatis), the number of persons in employment living in Germany totalled 41.06 million in January 2012. This was the first time in any January that the number of persons in employment exceeded the 41 million … Continue reading
Indiana’s $2 billion unemployment debt
Our Team continues our investigation into alleged mismanagement of the state’s unemployment system, turning now to who’s in charge of watching over the agency. Current and former employees came forward to I-Team 8, exposing that they were told to use questionable tactics to reduce the workload of an overwhelmed system. Our questions now turn to … Continue reading
High Unemployment Not Primarily Driven by Lost Construction Jobs – Economic Intelligence (usnews.com)
We often hear that today’s high unemployment is being primarily driven by workers who were laid off from construction jobs, but it’s not true. It is true that the bursting of our 8 trillion dollar housing bubble meant an enormous loss of construction jobs and that unemployment in construction is severe. But the bursting of … Continue reading
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