Job Market Monitor
A Closer Look
South Africa tries to solve its employment dilemma | African news, analysis and opinion – The Africa Report.com
South Africa’s unemployment rate hovers around 25 per cent, and the impact of the global financial crisis of 2008 and 2009 led the country to lose around 1.2m jobs. In the 25-34 age group 50 per cent of South Africans do not work, and it is thought that 50 per cent of young black South Africans will never have the chance to do … Continue reading
Job prospects in Canada remain weak, latest help-wanted survey suggests | CanadianBusiness.com
The Conference Board’s forward-looking indicator on labour markets suggests job growth will continue to be modest in the upcoming months. The think tank’s help-wanted index for February shows a mixed climate for job seekers. Prospects appear stronger in the West, but weak throughout much of Ontario. The index is one of the few forward-looking indicators … Continue reading
Study: Ohio shale boom to create more than 65,000 jobs by 2014 | The Columbus Dispatch
The burgeoning energy boom in eastern Ohio will create or support 65,680 jobs by 2014 while boosting the state’s economy, according to a study released this morning. The study by the Ohio Shale Coalition is at least the third to look at the potential development of the oil and natural gas Utica shale. Other recent … Continue reading
Bangladesh needs 1.5m new jobs a yr
Bangladesh needs up to 1.5 million new jobs each year for the next 20 years to accelerate economic growth, says the World Bank. Bangladesh along with other South Asian nations has seen steady job growth and a substantial decrease in poverty over the past three decades, according to a WB report. The WB yesterday launched … Continue reading
Hiring for new Target store near Myrtle Beach to start in the coming weeks – Breaking News – TheSunNews.com
The Target store that will open in July off S.C. 544 will employ about 200 workers, with hiring to start a few months before the opening. Target will have job fairs about two months before the store opens, but job-seekers can start applying for the jobs about three months before the store opens online at … Continue reading
Worry in Tulsa that American Airlines Layoffs Could Become Industry Departures | StateImpact Oklahoma
When American Airlines announced bankruptcy-fueled layoffs at the company’s maintenance base in Tulsa, the initial worry was for the thousands of local workers slated for layoffs. That concern has spread to fear for Oklahoma’s aerospace industry itself. If plans to layoff 2,100 workers at the Tulsa maintenance base go through, the loss could mean losing … Continue reading
IBM Layoffs Exceed 800, Workers Say – Services – Outsourcing – Informationweek
IBM has laid off more than 800 workers at locations across the U.S. in the past 24 hours, according to company sources and documents obtained by InformationWeek. Many of the cuts appear to target the company’s Global Technology Services outsourcing group. Some 183 workers were laid off in the GTS application hosting unit, 179 were … Continue reading
Voters support deep spending cuts, poll says | CTV Ottawa | CTV News
Canadians appear to be in an austerity state of mind, according to a new poll, which found that a vast majority of respondents would approve deep spending cuts by the federal government as it tries to squeeze $4 billion in annual savings out of its budget. The Nanos Research survey asked respondents “what should be … Continue reading
China ‘risks economic crisis’: World Bank | Bangkok Post: news
China could face an economic crisis in the next 20 years if Beijing does not quickly overhaul its development model, World Bank and Chinese government researchers warned on Monday. The world’s second-largest economy was at a “turning point” and the need for deep reforms was urgent, the analysts said in a report forecasting China’s economic … Continue reading
China Hits Turning Point; Jobs Coming Back to the U.S.
As reported in The New American here, the difference in wages between Chinese and American workers is narrowing rapidly. Part of the reason is that China has passed the Lewis Turning Point. First noted by Bloomberg, that turning point hit the Chinese labor markets in the weeks following China’s Lunar New Year holiday in February, … Continue reading
UK and Europe Very Likely to See Oil Refineries Shut Down | Electric.co.uk News
According to new reports, it is very likely that oil refineries across Europe (including the UK) are likely to be shut down. This news came by way of a warning from the boss of Essar Energy. In fact, this India based company said that larger refineries such as its Stanlow facility in Cheshire will survive … Continue reading
Union reports layoffs at IBM | CharlotteObserver.com & The Charlotte Observer Newspaper
IBM is going through another layoff, according to a labor union trying to represent the company’s workers. The IBM Union Alliance in New York state, where IBM is based, began receiving calls and emails from IBM workers Monday morning. The layoffs are scattered across various sites and affect numerous divisions, said Lee Conrad, the union … Continue reading
Thai floods cut thousands of jobs, put many at risk | theSundaily
Flooding in Thailand last year forced more than 45,000 people out of work and has put another 164,552 jobs at risk as 284 flood-hit firms have still not reopened, the state planning agency said in a report, adding that wage increases in April could add to the problem. The worst floods in decades battered seven … Continue reading
SIX to cut 150 jobs as franc hits profits – FT.com
Switzerland’s SIX Group, is to cut 150 jobs after it warned that operating profits had been hit in recent months by tough markets and the strength of the Swiss franc. The operator of the Swiss stock exchange further cautioned that market uncertainty and cost-conscious customers were damping sales expectations for 2012 for all business areas. … Continue reading
It’s Time to Bring Manufacturing Back to the U.S. – David Simchi-Levi – Harvard Business Review
A growing number of executives of U.S.-based companies are repatriating their manufacturing capabilities — moving some production operations back from overseas. One such company is Ford, which announced last year that it will move jobs from China and Mexico back to the U.S. Another example is Caterpillar, which is investing $120 million in a new … Continue reading
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