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Food Stamp Recipients in US / The majority are now working-age americans
A recent Associated Press report revealed that the majority of food stamp recipients are working age Americans. This presents a dramatic shift from the days when the youngest and oldest Americans constituted the majority of recipients. One in seven Americans are currently enrolled in the Supplemental Nutrition Assistance Program (SNAP), and the Census Bureau’s Current … Continue reading
US / Fewer think of themselves as middle class
Despite a slowly recovering economy, the proportion of Americans who identify themselves as middle class has dropped sharply in recent years. Today, about as many Americans identify themselves as lower or lower-middle class (40%) as say they are in the middle class (44%), according to a recent Pew Research Center/USA TODAY survey. Chosen excerpts by Job … Continue reading
U.S. Metros / Mapping persistent unemployment
The map below, from the report, shows the geographic variations of the great metro reset. It charts the time frame for return to peak employment in metro areas across the U.S. Chosen excerpts by Job Market Monitor. Read the whole story at Mapping the U.S. Metros Where High Unemployment Could Persist for Years – Richard Florida – … Continue reading
AstraZeneca in India / To close R&D unit with more than 150 jobs cut
British drug-maker AstraZeneca said it will close its research and development unit in Bangalore, India, making more than 150 jobs redundant. The move, as part of an ongoing global restructuring exercise, will also shut down its early stage research on tropical diseases tuberculosis and malaria. The existing research will be moved to its UK facility … Continue reading
Best Buy in Canada / To lay off 900 workers
Facing pressure from online electronics retailers such as Amazon and Apple, Best Buy Canada will close 15 of its big box stores before opening smaller outlets. The move, which represents about 10% of the retailer’s square footage in this country, will mean layoffs for an estimated 900 employees. Chosen excerpts by Job Market Monitor. Read the … Continue reading
Germany / Unemployment falls to one-year low
Germany’s unemployment eased sharply in January to the lowest level in nearly a year, helped by the improving economic outlook and in part by favorable weather conditions, underpinning hopes that the recovery will gather pace in the first quarter on the back of strong private consumption. Data released by the Labor Ministry on Thursday showed … Continue reading
Weatherford / The oilfield services provider to cut 7,000 jobs
Oilfield services company Weatherford International Ltd (WFT.N) said it would cut 7,000 jobs and estimated fourth-quarter profit below its previous expectation, hurt partly by disrupted operations in the Middle East. Chosen excerpts by Job Market Monitor. Read the whole story at Oilfield services provider Weatherford to cut 7,000 jobs | Reuters.
US / Jobless Claims Climbed More Than Forecast Last Week
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT – SEASONALLY ADJUSTED DATA (DOL Press Release) In the week ending January 25, the advance figure for seasonally adjusted initial claims was 348,000, an increase of 19,000 from the previous week\’s revised figure of 329,000. The 4-week moving average was 333,000, an increase of 750 from the previous week\’s revised average … Continue reading
Airbnb / Thx to unemployment
The popular hotel-alternative Airbnb lets users snag homey accommodations when they’re traveling or rent their apartments to out-of-towners. Turns out, a huge percentage of those renters are offering up their living spaces due to unemployment,according to The Wall Street Journal. Chosen excerpts by Job Market Monitor. Read the whole story at Airbnb New Services Food And Cleaning … Continue reading
Europe’s High-Tech Workers / 22 million employed in the EU-27 or 10 percent of total employment in 2011 study finds
The authors analyse high-tech employment and wage trends in the European Union (EU-27) between 2000 and 2011.1 Using a broad industry-occupation framework, we define high-tech workers as those employed in a high-tech industry or a STEM (science, technology, engineering, and math) occupation. This comprehensive analysis of the high-tech workforce highlights the important role high-tech workers … Continue reading
Time Inc / Layoffs may hit sooner and harder than expected
Layoffs at the U.S. magazine publisher Time Inc. may hit sooner and harder than expected, according to reports. On Tuesday, the New York Post reported that almost 500 people, or about 6 percent of the company’s workforce, could be affected by the staff cuts. Women’s Wear Daily, meanwhile, reported that the layoffs could come as … Continue reading
Women in Tech in India / Women earn less, get fewer opportunities
India’s ‘High Potential’ women in technology sector aim high but earn less, and get fewer opportunities for career advancement, says a report by Catalyst India WRC – a corporate membership community. Women in India’s technology sector begin their careers as equals with men, with similar aspirations to the highest levels including that of CEO. Despite … Continue reading
Norwegian Air / 5,500 applications for 300 US-based cabin-crew posts
Norwegian Air Shuttle AS (NAS) said it has received more than 5,500 applications for 300 U.S.-based cabin-crew posts as the discount carrier recruits staff for an expanding fleet of Boeing Co. 787 Dreamliner planes. About 170 people have been offered jobs in Ft. Lauderdale and New York, which the Fornebu-based airline serves from Scandinavia. Norwegian … Continue reading
Wärtsilä / To Cut 1,000 Jobs
Wärtsilä Oyj, the Finnish engine maker in the spotlight after Rolls-Royce discussed acquiring the company, said on Wednesday it plans to eliminate 1,000 jobs, or roughly 5% of its workforce, in response to intense competition and a slow-growth business environment. The move, intended to save €60 million in annual costs, came as the company posted … Continue reading
Immigration and Skills Gap in Canada / Skilled immigrants to be matched with vacancies
The federal government is looking to match skilled immigrants with unfilled jobs, in what it’s calling a new “fast and flexible system of economic immigration” it intends to have in place in January 2015. Under this new system, which the government has compared to “a dating site,” Ottawa would act as chief matchmaker between immigrants who want to move … Continue reading
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