Job Market Monitor
In the News
IT Skills Gap in Europe / Skills mismatches and occupational shifts have worsened
“In all countries, there is an expectation that many of the new jobs created will be in the knowledge-intensive economy,” said Glenda Quintini, a senior labour economist at the Organization for Economic Cooperation and Development. “But we are seeing a worrisome skills mismatch that means a large number of unemployed people are not well prepared … Continue reading
US / The Fastest Declining Jobs
Tree-fellers, shoemakers, and postal clerks, beware. More than 30% of these jobs may disappear over the next 10 years. A new release from the U.S. Bureau of Labor Statistics sheds light on which American occupations will shrink the most in the coming decade. The 30 fastest-declining jobs are ranked by projected percent decrease between 2012 … Continue reading
Youngest Boomers Turn 50 This Year (Infographic)
Source: The Graying of America: Youngest Boomers Turn 50 This Year – Real Time Economics – WSJ.
Deutsche Bahn / Hiring 10,000 new workers each year until 2020
German rail operator Deutsche Bahn spent years cutting jobs to save costs. As thousands of employees head into retirement, the company now must recruit more help, hiring 10,000 new workers each year until 2020. In August 2013, the Mainz central train station came to a virtual standstill every evening as dispatchers were either on vacation … Continue reading
UI Weekly Claims Report in US / Still a good news
In the week ending December 28, the advance figure for seasonally adjusted initial claims was 339,000, a decrease of 2,000 from the previous week’s revised figure of 341,000. The 4-week moving average was 357,250, an increase of 8,500 from the previous week’s revised average of 348,750. The advance seasonally adjusted insured unemployment rate was 2.2 … Continue reading
Electrolux in US / Plans to add 810 jobs at headquarters
Electrolux will expand its North American headquarters in Charlotte, NC., and expects to add 810 jobs in the state in the coming years. It will be the second expansion at the location in three years. The appliance maker will invest $85 million in a 20-year lease agreement, part of the development of a second building … Continue reading
Mental Health / How poverty burdens the brain (Infographic)
The poor often behave in less capable ways, which can further perpetuate poverty. THEORY: Poverty reduces cognitive capacity because poverty-related concerns consume mental resources, leaving less for other tasks. Source: SocialWorkDegreeCenter.comt via How Poverty Burdens the Brain | Social Work Degree Center.
Germany / Employment hits new annual record
In 2013, more Germans had jobs than ever before in the country’s post-war history. But after seven consecutive years of improving employment figures, the jobs boom has begun to decelerate. Last year, an average of 41.8 million Germans out of a population of about 82 million was employed, according to figures released by the German … Continue reading
Sony / Layoffs to come
Financial woes continue to weigh on Sony as it looks to cut staff at production facilities, according to a Japanese report. The consumer electronics maker will offer early retirement packages for employees at Sony EMCS, a wholly owned production subsidiary, according to a Nikkei report on Tuesday. The subsidiary operates five production facilities in Japan … Continue reading
Revlon in China / To cut 1,100 jobs
Revlon Inc. (REV), the maker of cosmetics under its namesake and Almay brands, will cease operations in China and eliminate about 1,100 positions, including 940 beauty advisers, as it restructures its struggling business. Chosen excerpts by Job Market Monitor. Read the whole story at via Revlon to Exit Operations in China, Cut 1,100 Jobs – Bloomberg.
Hewlett-Packard (HP) / Layoffs up by 5,000 to 34,000
Hewlett-Packard Co. ( HPQ ) said it will increase by 5,000 the number of expected layoffs under a restructuring plan adopted in May 2012, bringing the number of job cuts to 34,000, the company said in a regulatory filing. The company, in a filing Monday with the Securities and Exchange Commission, cited “continued market and … Continue reading
Teenage Unemployment in US / A tragedy
More than one in seven between age 16 and 24 can’t find any job, full or part-time. For African Americans in that age group, it’s more than one in four. Continue reading
India / 47 pct of 2013 grads would be unemployable
Their English language and cognitive skills is the cause, said Aspiring Minds, a leading employability solutions company Continue reading
Serbia / 2014 will be a tough year says Minister of Economy Sasa Radulovic
“I would like us all to live better without comprehensive reforms, and that no one loses a job, but that is not feasible, unfortunately,” Radulovic said Continue reading
Jobless claims in US / Decrease by 42,000 to a seasonally adjusted 338,000
Initial claims for state unemployment benefits decreased 42,000 to a seasonally adjusted 338,000, the Labor Department said on Thursday Continue reading
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