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March Job Report in US – Good news, total nonfarm payroll employment rose by 192,000 and UR unchanged at 6.7 percent
Total nonfarm payroll employment rose by 192,000 in March, and the unemployment rate was unchanged at 6.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in professional and business services, in health care, and in mining and logging. Household Survey Data In March, the number of unemployed persons was essentially unchanged at … Continue reading
Jobless Claims in US – Increased 16,000 to a seasonally adjusted 326,000
While a third report showed an increase in the number of Americans filing new claims for unemployment benefits last week, the underlying trend in the data continued to point to some strength in the labor market. Initial claims for state unemployment benefits increased 16,000 to a seasonally adjusted 326,000, the Labor Department said. The four-week … Continue reading
Montreal – To cut 2,205 jobs over 5 years
The city of Montreal plans to reduce staffing by 2,205 posts over the next five years, Mayor Denis Coderre announced at a press conference Thursday morning. In his first major move since his appointment to the director general post in December, Alain Marcoux is recommending the city abolish one out of every two posts that … Continue reading
Renault’s Pact with Union – To cut 2,500 jobs in first year
Renault (RENA.PA: Quote) has cut about 2,500 jobs in the first year of a productivity deal with French unions and is on course to meet its savings goals, the carmaker said on Thursday. “We’re at about one-third of the objective” of 7,500 positions to be eliminated under the three-year plan, the carmaker’s head of French … Continue reading
US – Using Twitter to forecast jobless claims
A surprising number of people filed initial claims for unemployment benefits last week, at least if you believe an index based off Twitter. Economists at the University of Michigan have developed a technique that scans billions of tweets, looks for people tweeting about losing their jobs and then creates a prediction for the Labor Department’s … Continue reading
March Job Creation in US – Gallup’s Index reaches six-year high
Gallup’s Job Creation Index, based on employee reports of hiring and layoff activity at their workplaces, reached a six-year high of +23 in March, nearly tying the +24 recorded in March 2008. The index for March is two points higher than it was in February, and shows a six-point improvement from last March. Chosen excerpts … Continue reading
Gender Gap in India – Tata Group to double female staff
The Tata Group is rolling out an “unprecedented” HR transformation that will eventually impact over half-a-million employees spread across more than one hundred operating companies. Apart from looking to induct over one lakh female employees and nurturing a sizeable number into leadership roles, the group also plans to take a re-look at how it grooms … Continue reading
Italy in February 2014 – 3.307 million unemployed
In February 2014 22.216 million persons were employed, -0.2% compared with January 2014. Unemployed were 3.307 million, +0.2% with respect to the previous month. In order to improve the timeliness of statistical information on the Italian labour market and in accordance with the agreements made within the European Union, Istat publishes monthly estimates of the … Continue reading
Germany – The number of jobless remained above 3 million
Unemployment in Germany fell in March, according to the latest figures from the Federal Employment Agency (BA), but the number of jobless remained above 3 million. The positive trend, albeit a slight one, left overall unemployment in Germany at 7.1 percent, one of the lowest in the 18-nation eurozone. Compared to one month ago, some … Continue reading
ATT – Over 3,000 hires
AT&T* will hire more than 3,000 retail sales and sales management employees nationwide over the next several months. The new employees are needed to meet increased customer demand in the company’s growing retail business. “AT&T’s award-winning retail team is focused on delivering an extraordinary customer experience with every interaction,” said Paul Roth, president of retail … Continue reading
ADP on US National Employment Report – Private sector employment increased by 191,000 jobs from February to March
Private sector employment increased by 191,000 jobs from February to March according to the March ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, … Continue reading
Petroleum Services Association of Canada – The next bottleneck is going to be skilled labor
Asked what keeps him awake at night, the president and CEO of the Petroleum Services Association of Canada, Mark Salkeld, says, “Labor, labor and labor.” At PSAC, Mark Salkeld represents 260 energy services companies that employ more than 80,000 people. He and all of the HR executives at his member companies know that employment in … Continue reading
Ford in Russia – To cut about 950 jobs
Ford Motor Co. (F:US)’s Russian joint venture is cutting about 950 jobs at two factories in response to the falling ruble and deteriorating demand in the country. A car plant run in partnership with OAO Sollers near St. Petersburg will eliminate about 700 positions as it drops a work shift in June, John Gardiner, a … Continue reading
Europe – In February 2014, 5.392 million young persons (under 25) were unemployed
The euro area (EA18) seasonally-adjusted unemployment rate was 11.9% in February 2014, stable since October 2013. It was 12.0% in February 2013. The EU28 unemployment rate was 10.6% in February 2014, down from 10.7% in January 2014. It was 10.9% in February 2013. These figures are published by Eurostat, the statistical office of the European … Continue reading
Youth Guarantee in Europe should be a joint effort
Last year, as part of the Multiannual Financial Framework (MFF) 2014-2020, EU leaders agreed to provide an additional €6 billion to support employment of people under the age of 25. The so-called Youth Employment Initiative (YEI), or Youth Guarantee scheme, now plays a crucial role in the EU labour market, with the additional funding frontloaded for the first … Continue reading
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