In the News

Jobless in US – Many reluctant to make significant changes poll finds

The poll Wednesday found that many jobless Americans are reluctant to make significant changes to boost their chances of landing a job.  Nearly two-thirds said they don’t plan to go back to school to make themselves more marketable; 44% said they wouldn’t relocate to another city for a job. Some 36% said they spent no … Continue reading →

Rogers – Several high-level cuts to come

The new chief executive officer of Rogers Communications Inc. has unveiled a sweeping plan to reset the company’s management structure, fix customer service issues and reignite its growth.  Guy Laurence, the British executive who took over as CEO in December, conceded that “we are not on form” as a company, but he said the restructuring … Continue reading →

Hewlett-Packard – To cut another 16,000 jobs worldwide

Hewlett-Packard plans to cut as many as 16,000 more jobs as chief executive Meg Whitman intensifies her efforts to turn around the personal computer maker.  Whitman, who has already axed 34,000 posts in her two years at the helm, said the fresh job cuts were necessary to streamline the business across its broad portfolio, which … Continue reading →

Social Safety Nets In In Developing Countries – A World Bank report

What Are Social Safety Nets? * Social safety nets are non-contributory transfers designed to provide regular and predictable support to targeted poor and vulnerable people. These are also referred to as “social assistance” or “social transfers.” Social safety nets are part of broader social protection systems that may also include measures such as contributory insurance … Continue reading →

Middle-Skill Jobs in US – Lobs lost in the last recession have not returned says New York Fed Pres.

Millions of U.S. teaching, construction and other middle-skill jobs lost in the last recession have not returned, exacerbating the already high unemployment that has been a drag on the U.S. recovery, New York Federal Reserve officials said on Wednesday.  These middle-skill jobs, which pay roughly $25,000 to $50,000 annually, suffered the heaviest losses in the … Continue reading →

MBA Jobs in US – A 30% increase in hiring since the height of the financial crisis in 2009

What financial crisis? Leading MBA employers plan to hire more MBA graduates this year, according to a new recruiter survey from the Graduate Management Admissions Council (GMAC).  In a further sign of a return to economic prosperity, 80% of business school recruiters plan to hire MBAs this year, according to GMAC. The new data shows … Continue reading →

Taiwan – April unemployment lowest in 6 years

Thanks to the improved economy, Taiwan’s unemployment rate was pegged at 3.91 percent, the lowest point in about six years, according to a report released by the Directorate-General of Budget, Accounting and Statistics (DGBAS) yesterday.  It was the first time for the unemployment rate to go below 4 percent since the financial crisis. While companies … Continue reading →

Job vacancies in Canada – 7.0 Unemployed people for every job vacancy in February, up from 6.3 one year earlier

There were 194,000 job vacancies among Canadian businesses in February, a decline of 21,000 compared with February 2013. There were 7.0 unemployed people for every job vacancy, up from 6.3 one year earlier. This increase in the ratio of unemployment to job vacancy was mostly the result of the decline in job vacancies. The national job vacancy rate was 1.3% in February, down from 1.5% a … Continue reading →

Canada – The baby boomer generation is starting to retire RBC report says

A new Royal Bank analysis suggests the Canada’s labour market is already starting to feel the impact of the aging workforce. The RBC paper notes that, given soft job growth in the past year and the corresponding decline in the labour participation rate, it is easy — and likely inaccurate — to jump to the … Continue reading →

Lloyds Banking – To cut 645 jobs

Lloyds Banking Group is to cut 645 jobs in its consumer finance, retail and commercial banking departments as part of a strategic review. It said there would be 580 actual reductions as 65 new roles will be created across Lloyds Banking Group + Chosen excerpts by Job Market Monitor. Read the whole story at Lloyds Banking Group … Continue reading →

Another reason to fear a Chinese housing crash: 14% of China’s urban jobs are in real estate

Heinz – 250 jobs safe at Leamington

The H.J. Heinz Co. has completed the sale of its Leamington plant. The food giant said in a statement released early Wednesday that it has sold it’s 105-year-old tomato processing plant to Highbury Canco, which will begin operating the plant on June 27. Highbury Canco will take over “all aspects of the operation,” according to … Continue reading →

College Education in US – 64% of hiring managers would still consider a candidate who hadn’t even attended college survey finds

Millennial Branding, a Gen Y research and consulting firm, and Beyond.com, The Career Network focused on helping people grow and succeed professionally, today announced the results of a study entitled, “The Multi-Generational Job Search.” Following a national survey of job seekers and HR professionals, 43% of the 2,978 respondents said that “cultural fit” was the … Continue reading →

US – One-Third of job seekers attempt relocation TheLadders finds

Home may be where the heart is, but it’s not always where the jobs are. With the U.S. climbing out of its economic rut, TheLadders decided to take a look at where people most often moved to work in a better economic climate. After analyzing where, and how often, job seekers in its 6-million-member database … Continue reading →

US – Teens employment tumbles

Teen employment has plummeted in a trend that long predates the Great Recession, worrying economists across the political spectrum. In the current labor market, any black mark can doom a worker: lack of education, inexperience, even a presumed sense of not needing the work enough. Teens are at the bottom of the totem pole, with … Continue reading →