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Barclays – Could cut 7,500 jobs
Barclays Plc (BARC), the U.K.’s second-largest bank by assets, could eliminate 7,500 jobs at its investment bank to improve returns at its securities unit, according to a report by Sanford C. Bernstein. The European fixed-income, currencies and commodities business, or FICC, may be the hardest hit, with about 5,000 job losses, analysts led by Chirantan … Continue reading
The American Middle Class – No Longer the World’s Richest , Canada now higher finds NYT
The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades. After-tax … Continue reading
India’s Women Members of the CA Institute – A flexi working portal
The CA Institute has launched a ‘flexi working portal for its women members’. This portal– http://womenportal.icai.org/ will help women members of the CA Institute find suitable opportunities including part-time/flexi-hours jobs, or jobs with work from home option, K Raghu, President of Institute of Chartered Accountants of India said. Chosen excerpts by Job Market Monitor. Read the … Continue reading
Employment Services to Veterans with Disabilities in US
The number of military personnel incurring disability in current military conflicts is the highest in over three decades. Since 2001, over 1.6 million service members, Reservists, and National Guard have been deployed to Iraq, Afghanistan, and other Middle Eastern nations. As noted by Lew et al. (2007), advances in medical innovations and body armor have … Continue reading
Teck to cut 600 jobs as profit drops, defers Quintette coal mine restart – The Globe and Mail
Hit by low commodity prices Teck Resources Ltd. is cutting 600 jobs and deferring the reopening of its in British Columbia until market conditions become more favourable. Chosen excerpts by Job Market Monitor. Read the whole story at Teck to cut 600 jobs as profit drops, defers Quintette coal mine restart – The Globe and Mail. Related … Continue reading
China’s supplier to Adidas and Nike – The strike spreads
A strike at a Chinese factory that manufactures shoes for Adidas and Nike has spread to a sister factory in a neighbouring province, as thousands of workers gathered to protest against what they said were unfair pay and benefits. About 2,000 workers clocked in on Monday, but did not work, at the Yue Yuen factory … Continue reading
Doctoral Scientists and Engineers in US – Unemployment has increased
In 2010, an estimated 805,500 individuals in the United States held research doctoral degrees in science, engineering, and health (SEH) fields, an increase of 6.2% from 2008. Of these individuals, 709,700 were in the labor force, which includes those employed full time or part time and those actively seeking work (i.e., unemployed). The unemployment rate … Continue reading
Temporary Foreign Workers in Canada – Waitresses too
Sandy Nelson can’t fight back the tears as she talks about losing her long-term serving job to temporary foreign workers. “How can that be right, that they’re not Canadians? I’m a Canadian,” said Nelson, 58, who worked at Brothers Classic Grill and Pizza [previously called El Rancho] in Weyburn, Sask., for 28 years. “How can it … Continue reading
March Unemployment in Netherlands – Slight drop but the trend is still upwards
Unemployment fell by some 7,000 in March as more people withdrew permanently from the jobs market rather than found jobs, the national statistics office CBS said on Thursday. In the longer term, the jobless trend is still upwards, with an average increase of 5,000 people joining the unemployment ranks a month. Women were hardest hit … Continue reading
How Long You’ll Be Unemployed – Look at the Unemployment Rate
A few factors do make a difference. Men are a bit more likely to become long-term unemployed than women; blacks are more likely than whites; and, most significantly, older workers are more likely than younger ones. That’s consistent with both anecdotal evidence and quantitative research suggesting that older workers have more trouble finding jobs, due … Continue reading
2 in 5 Employees Do Not Believe They Receive Fair Pay in US – More women (42%) than men (34%)
According to a new Glassdoor survey1 that dives deeper into income inequality and wage gap issues, two in five (39%) employees do not believe they receive fair pay in their current job. Further, more women (42%) than men (34%) do not believe they are being paid fairly. Who can best address the pay gap issue? … Continue reading
Losing Job in US – Would Quickly Lead to Hardship finds Gallup
Many working Americans would experience financial peril if they lost their current job, putting pressure on them to find a new job quickly. A substantial minority of U.S. workers say they could go just one week (14%) or one month (29%) before experiencing significant financial hardship if they lost their job. Gallup’s annual Economy and … Continue reading
After the Gold Medal to Canada – Temporary foreign workers needed to coach hockey teams
The federal government approved the hiring of hockey coaches through the temporary foreign worker program – an immigration stream meant only for jobs Canadians can’t fill. In six cases since 2010, the government approved Labour Market Opinion (LMO) applications to bring in hockey coaches under the TFW program, documents obtained through the Access to Information … Continue reading
Inequality in US – the top 20% of earners accounted for more than 80% of the rise in household income from 2008-2012
A recent article by Labor Department senior economist Aaron Cobet highlights the sharp disparity between the wealthiest and poorest Americans in the aftermath of the 2007-2009 recession. “While average income has returned to pre-recession levels, income gains have been distributed unevenly,” Mr. Cobet said. The economist mined Labor Department data to show that the top 20% of earners … Continue reading
Jobless Claims in US – Lowest level since May 12, 2007
In the week ending April 5, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 32,000 from the previous week’s revised level. The last time intial claims were this low was May 12, 2007 when they were 297,000. The previous week’s level was revised up by 6,000 from 326,000 to 332,000. … Continue reading
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