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US – What would explain the slowdown in growth ?
What would explain the slowdown in growth, if the culprit isn’t some version of unused capacity? It’s not as if the entire U.S. woke up one morning in 2008 and decided, “I’m going to be less productive today and every day going forward.”… Investments to expand capacity don’t happen when the capacity that already exists … Continue reading
India – One in four business graduates get jobs in US
About one in four business school graduates in India find jobs in America, second only to China, which sends 38 per cent of its alumni to the US, according to a new survey. While 64 per cent of Indian business graduates stay in their home country, 23 per cent go the US and two per … Continue reading
Deutsche Bank – New layoffs to come
Deutsche Bank AG (DBK), Germany’s biggest bank, plans to cut more jobs at its investment bank to lower costs as business stagnates, two people with knowledge of the plan said. The bank is weighing the reductions, which come in addition to the 2,000 announced in 2012, over the coming months across its corporate finance, capital … Continue reading
India – 85% of employees looking elsewhere
Job opportunities in the market may have become fewer, but that is not stopping 85% of the total workforce from eyeing greener pastures. Most employees are either actively looking for a job or open to talking to recruiters about relevant opportunities, says an annual exit survey by LinkedIn. The number of employees looking to exit … Continue reading
UK – Employment continues to increase, unemployment to fall writes ONS
Latest estimates show that the number of people in employment continued to increase. Unemployment continued to fall, as did the number of economically inactive people aged from 16 to 64. These changes continue the general direction of movement over the past two years. The unemployment rate for 16 to 24 year olds was 19.8% … Continue reading
Continental Ag – To create 7,000 new jobs
Continental AG, the leading German automotive manufacturing company specializing in tires, brake systems, automotive safety, powertrain and chassis components said it plans to increase its employee count by around 7,000 in 2014 – from 178,000 in 2013 to 185,000 by the end of the year. The company said it plans to increase sales by 5 … Continue reading
Middle East – A growing gap between education and market demand
Educational challenges across the Middle East vary from country to country, but one thing remains the same – the growing gap between education and market demand. The urgent need for educators to produce graduates who possess skills sought after by employers took centre stage on Monday at a panel discussion during the second day of … Continue reading
Unemployment Extension in US – A bipartisan compromise agreement on the table
Senator Jack Reed (D-RI) and Senator Dean Heller (R-NV) have announced a bipartisan compromise agreement (Reed-Heller Agreement to Restore Emergency Unemployment Insurance) to restore federal jobless benefits which expired on December 28, 2013. The legislation would provide for a 5 month extension of federal Emergency Unemployment Compensation (EUC) which expired on December 28th. The more … Continue reading
Sweden – The unemployment rate of 8.5 percent and LO is preparing for a regime change
In February 2014, the number of unemployed persons was 433 000, corresponding to an unemployment rate of 8.5 percent. 4 648 000 persons aged 15-74 were employed; this is an increase of 51 000. The number of hours worked averaged 154.9 million per week, an increase of 3.3 million. Seasonally adjusted data shows small differences in … Continue reading
Greece – Unemployment at record level
Greece’s jobless rate rose to a record 27.5 percent in the last quarter of 2013 even as the pace of economic contraction eased, remaining the highest in the eurozone, data showed on Thursday. Chosen excerpts by Job Market Monitor. Read the whole story at ekathimerini.com | Greek joblessness at record level, reaching ‘cyclical peak,’ according to economist. … Continue reading
Unemployment Rate in OECD – Stable at 7.6% in January 2014
The OECD unemployment rate was stable at 7.6% in January 2014. Across the OECD area, 46.2 million persons were unemployed, 3.8 million less than the peak in April 2010, but 11.5 million more than in July 2008. via Employment – OECD. Related articles Eurozone jobless rate Gap widening says OECD average European Union – 5.556 … Continue reading
Belarus – The Unemployment rate at 0.5%
As of 1 March 2014 Belarus’ unemployment rate stood at 0.5% of the workforce. The figure was at 0.6% a year ago, BelTA learned from Oleg Tokun, head of the employment policy department of the Labor and Social Security Ministry. In February 2014 the jobless rate stood intact in all the country’s regions. As … Continue reading
Solar in US – More than 20,000 jobs created in 2013
More than 78,600 clean energy jobs were created in the US throughout 2013, according to a survey by clean tech employment research body, Environmental Entrepreneurs (E2). Solar topped the count, with more than 21,600 jobs announced over the year. The top states for clean energy employment over 2013 were: California, Hawaii, Maryland, Massachusetts, Illinois, Nevada, … Continue reading
Chrysler – To hire 1,000 at Jeep plant
After running its employees flat-out building Jeeps in Toledo, Chrysler Group is about to give them a break. It plans to hire up to 1,000 part-time employees at its Toledo Assembly complex to take some of the burden off full-time employees and give them some time off, The Blade in Toledo reports. Most will get … Continue reading
Australia – Unemployment rate holds steady and almost 50,000 new jobs
AUSTRALIA’S jobs market roared back to life in February, generating almost 50,000 new jobs, more than enough to offset announced high-profile losses at Qantas, Alcoa, Holden and Toyota. An increase in the number of people looking for work helped keep the national unemployment rate unchanged at 6 per cent for the second month in a … Continue reading
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