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Jobs Returning To US / Several factors have changed
Over the last decade, several factors have changed such that onshoring of jobs by U.S. companies and offshoring by foreign companies will continue to increase significantly over the coming decade: The rising cost of labor in China. The rising strength of China’s currency. Wage rates in the United States. Fuel and Production Costs. Changing Perceptions. … Continue reading
Jobless Claims in US / 14,000 to 348,000 in the week ended Feb. 22, one-month high
More Americans than forecast filed applications for unemployment benefits last week, a sign the labor market is improving in fits and starts. Jobless claims increased by 14,000 to 348,000 in the week ended Feb. 22, exceeding all forecasts in a Bloomberg survey and the highest level in a month, from 334,000 in the prior period, … Continue reading
Germany / Unemployment rate down at 5%
Germany’s unemployment rate declined in January, figures published by the Federal Statistical Office revealed Thursday. The seasonally adjusted ILO unemployment rate dropped to 5 percent in January from 5.1 percent in December. In January last year, the jobless rate was 5.4 percent. The number of unemployed persons in Europe’s largest economy decreased to around 2.14 … Continue reading
Best Buy in US / To cut 2,000 managers
Best Buy Co. Inc. apparently told about 2,000 managers around the United States on Wednesday that they were being laid off, a move that would be the company’s biggest job reduction since July 2012 as it continues to cut costs following a weaker-than-expected holiday season. The layoffs will affect about 1.4 percent of Best Buy’s … Continue reading
Sony in US / Closing 20 stores and cutting 1,000 jobs
Sony warned earlier this month about significant and serious reorganization changes coming this year, and now they’re becoming a reality for many employees in the United States. The consumer tech giant announced on Wednesday morning that it will be shuttering 20 stores. This in turn will result in approximately 1,000 layoffs at these locations nationwide. … Continue reading
India / 10 per cent of the overall workforce will work through various staffing companies in 2025
Temporary workforce in India’s organised sector is expected to swell up to 9 million over the next 10 years. The country at present has 1.3 million temporary workers in the organised sector. By 2025, it is expected that 10 per cent of the overall workforce in India could be working in a flexible capacity through … Continue reading
Job Search / The 5 New Rules
Regardless of age, being out-of-date is a very common problem and not, fortunately, an insurmountable one. Here are some things you can do to address the issue, and become more up-to-date for your job search and your job. 1. Focus! To make your job search more effective, focus on one or two job titles you … Continue reading
IBM / Union Expects as many as 15,000 job cuts worldwide
The IBM (IBM) employee union Alliance@IBM is buzzing with rumors the vendor will begin a new round of layoffs today (Feb. 26) that workers fear could hit as many as 15,000 jobs worldwide. With IBM chief financial officer (CFO) Martin Schroeter on record saying the vendor will spend up to $1 billion on “workforce rebalancing,” … Continue reading
Brain Waste among US immigrants / Above 75 percent for those with a master’s degree
Many highly educated immigrants coming to the U.S. without a job lined up have been unable to find work at their level of education, leading to considerable “brain waste,” Purdue University researchers have found. Agricultural economics professors Brigitte Waldorf and Raymond Florax were on a team of researchers who analyzed data from the U.S. Census … Continue reading
Unemployed Fathers in UK / Go to work or risk damaging your child’s self-esteem
Children risk being ‘damaged’ if their fathers are unemployed as they lose a role model, a Government report has claimed. In a report to health professionals, officials have warned that children lose a role model when their fathers are unemployed, and it affects their happiness and well-being. The Department of Health report found that children … Continue reading
JPMorgan Chase / To cut 5,000 jobs
US banking giant JPMorgan Chase Tuesday said it would eliminate 5,000 jobs from its global workforce this year. JPMorgan forecast its total headcount in 2014 at 260,000, down from 265,000 in 2013 and 280,000 in 2011, according to a presentation posted to the JPMorgan website ahead of an investor day. A major unit … Continue reading
Over half of young people say that they don’t have skills for basic tasks finds LifeSkills Youth Barometer
Findings from the LifeSkills Youth Barometer released today reveal that more than half (54%) of 14-25 years olds feel they don’t have the practical skills they need to find a job at entry level. A quarter (24%) of young people say they receive no careers education, while one in three (30%) felt they were not … Continue reading
Ghana / 600 jobs cut at Newmont Mines
Newmont Ghana, a subsidiary of US-based Newmont Mining Corp. has revealed plans to cut up to 600 jobs in its two operating mines by the end June, due to ageing facility and slumping gold prices. The planned cuts, mostly at Ahafo mine, became necessary to help readjust expenditures to the ageing milling rate, ensuring the … Continue reading
Skills Gap / An important issue for 91.2% of working Canadians
Addressing the skills gap continues to be top of mind with Canadian workers, according to a new study by Ipsos-Reid on behalf of Randstad Canada. In fact, more than nine-in-ten (91.2%) of working Canadians say they feel that the skills shortage/skills gap will continue to be an issue of importance in Canada in 2014. The … Continue reading
Closing the Job and Labor Market Information Gap (Video)
More than 40 million people are unemployed in developed economies alone. Here we explore the underlying causes of the jobs crisis and some of the ways business and government can cooperate to create the millions of jobs that are needed. Chosen excerpts by Job Market Monitor. Read the whole story at Forty million jobs needed | McKinsey … Continue reading
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