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Philippine – The minimum wage under the Aquino administration (Infographic)
While the Department of Labor and Employment (DOLE) has hiked wages annually, the yearly increase only came in measly P20 increments. As a result, the minimum wage in the National Capital Region only rose by 4.87 percent on average each year. Several labor groups have repeatedly called on the President to approve an across-the-board nationwide … Continue reading
EU28 in March 2014 Unemployment rate was 10.5%, 11.8% for the euro area
The euro area (EA18) seasonally-adjusted unemployment rate was 11.8% in March 2014, stable since December 2013, but down from 12.0% in March 2013. The EU28 unemployment rate was 10.5% in March 2014, stable compared with February 2014, but down from 10.9% in March 2013. These figures are published by Eurostat, the statistical office of the … Continue reading
The Middle Class – Canada vs US
Canadians have little doubt that they face less financial stress about medical costs than Americans. Many also credit their labor unions for the size of their paychecks; union membership rates are higher in Canada. Canadians also know that the American housing bubble and bust were more severe than their version. via Life in Canada, Home … Continue reading
Apple, Google – The Silicon Valley’s Hiring Conspiracy
Steve Jobs wouldn’t appear to have been an emoticon guy, but history will show that on at least one occasion, when words failed to convey his delight, he resorted to one. It was March 2007, and Jobs had received an e-mail from Eric Schmidt, then Google’s (GOOG) chief executive officer and a board member at … Continue reading
Youth in US – There is little evidence of “sheltering in school” from the effects of the Great Recession (video)
The weak labor market has been, and continues to be, very tough on young workers: At 14.5 percent, the March 2014 unemployment rate of workers under age 25 was slightly over twice as high as the overall unemployment rate, 6.7 percent. Though the labor market is headed in the right direction, it is improving very … Continue reading
Long-term unemployment in US – Geography could be one reason
New research that examined joblessness in the early 2000s provides evidence that some of the problem might also be geography. A paper written by government and academic experts suggests that living near where the jobs are significantly reduces the amount of time it takes unemployed jobseekers to find work. The research found that to be especially true … Continue reading
Retirement in US – Boomers working to stay employed
“With so many Baby Boomers planning to work longer and retire later, they are taking steps to stay marketable,” says Catherine Collinson, president of the non-profit Transamerica Center for Retirement Studies, which commissioned the national survey of 4,143 full-time and part-time workers conducted this winter by Harris Poll. Although many Baby Boomers want to shift … Continue reading
Expenditures at Retirement – From “go-go” years, less active “slow-go” years and then to “no-go” years
Most retirement research assumes that retirees spending from a portfolio will seek to maintain a “real” inflation-adjusted standard of living throughout their retirement, just as they implicitly would have if their portfolio had been paid out as a steady pension with an annual cost-of-living adjustment. However, despite the simplicity of this assumption, retirement research has … Continue reading
Planned Layoffs in US for April – Up by 17% but still down for 2014
Job cut announcements by U.S.-based companies rose 17% in April from March, as employers in retail and financial services continued to shed workers, according to outplacement firm Challenger, Gray & Christmas. Employers reported plans to shed 40,298 workers last month, according to Challenger’s monthly report. That was up from 34,399 in March and 6% higher … Continue reading
Ashland (maker of Valvoline) – To cut 800 jobs
Covington-based Ashland Inc. announced Wednesday it will reduce its global workforce by 800 employees, or 5 percent by the end of 2014. The jobs eliminations will come through a voluntary severance program or layoffs. Ashland did not disclose the location of the layoffs. The company employs 15,000 workers at 29 manufacturing facilities in 17 countries … Continue reading
International Workers’ Day – Thousands rally around the globe as world celebrates
Thousands rally around the globe to celebrate May Day, the largest labor holiday in the world. Amid heavy police presence, many are gathering to protest against the harsh austerity measures that have seen many Europeans mired in poverty and need. Chosen excerpts by Job Market Monitor. Read the whole story at Labor rallies around the globe … Continue reading
Jobless Claims in US – Jump by 14,000 to 344,000
Claims have been climbing since early April when they reached a seven-year low of 301,000, but they remain well below their peak levels that were well over 600,000 a week in 2009. (Jobless claims climb to 9-week high). From the Offical Press Release SEASONALLY ADJUSTED DATA In the week ending April 26, the advance figure … Continue reading
US in April – Private-sector employment increased by 220,000 says ADP
Private-sector employment increased by 220,000 from March to April, on a seasonally adjusted basis. Chosen excerpts by Job Market Monitor. Read the whole story at ADP National Employment Report – April 2014 | NER. Private-sector jobs growth strongest in five months Private-sector hiring picked up in April, with employers adding the most jobs in five months, springing … Continue reading
US – 9.6 Percent of families included an unemployed person in 2013 finds the BLS
In 2013, 9.6 percent of families included an unemployed person, down from 10.5 percent in 2012, the U.S. Bureau of Labor Statistics reported today. Of the nation’s 80.4 million families, 80.0 percent had at least one employed member in 2013. These data on employment, unemployment, and family relationships are collected as part of the Current … Continue reading
Germany in April – Unemployment falls for a fifth consecutive month
German unemployment fell for a fifth consecutive month in April, Labor Office data showed on Wednesday, underlining the resilience of the job market in Europe’s largest economy and boding well for domestic demand. The number of people out of work decreased by 25,000 in seasonally adjusted terms to 2.872 million. That compared with a Reuters … Continue reading
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