In the News

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US Job Report / Total nonfarm payroll employment rose by 203,000 and UR down at 7.0%

Those are good news. But the employment-population ratio is lower than in was a year ago. This performance must be repeated for several months Continue reading →

China / Grads encouraged to work in private firms

Statistics showed that applicants taking the civil servant exam this year totaled 1.52 million Continue reading →

AOL / 20 layoffs

Layoffs hit AOL yesterday, Capital has learned. The majority of impacted employees worked on the editorial side of the AOL.com homepage, according to sources with knowledge of the cuts, who put the total number of pink slips around 20. The culling, one of numerous that have hit different areas of the web portal in recent … Continue reading →

Qantas / To slash 1,000 jobs

Lower demand, a strong Australian dollar and steep fuel costs have put pressure on the airline and Qantas said conditions were expected to remain volatile next year. The airline expects to post pre-tax losses of between 250 million (£138m) and 300 million dollars (£165.5m) for the six months to December 31. Qantas is trying to … Continue reading →

US / Jobless Claims Fall to 298,000 in Latest Week

The number of people filing for new unemployment benefits fell for the third straight week, a sign of an improving labor market. Initial claims for jobless benefits, a measure of layoffs, decreased by 23,000 to a seasonally adjusted 298,000 in the week ended Nov. 30, the Labor Department said Thursday. Economists surveyed by Dow Jones … Continue reading →

Sun Media / 200 new layoffs

In the third round of layoffs in the past 13 months, Sun Media Corp. is eliminating 200 positions across the newspaper chain. About a quarter of the jobs will be cut from editorial, in what the corporation called a “response to the impact of digital.” As readers turn to digital media, newspapers have had difficulty … Continue reading →

Canada / The truth about job creation and unemployment

While Canada’s record in raw job creation is not bad (in our calculations, 2nd in the G-7 and 10th in the OECD), job creation alone is a misleading measure of the overall health of Canada’s job market Continue reading →

Hewlett-Packard in UK / To cut 1,124 jobs says union

U.S. IT group Hewlett-Packard Co is set to cut 1,124 jobs in Britain at the start of next year, the Unite union said on Wednesday. Unite said it had attended a meeting where managers were outlining their plans to cut jobs at the group’s sites in Bracknell, Sheffield and Warrington in the first three months … Continue reading →

Achmea / The biggest dutch insurer to cut 4,000 jobs over three years

The mutual insurer, which offers health care, property and casualty, pensions and life insurance, expects to cut 4,000 jobs of 19,000 employees in the Netherlands and other countries, the Zeist-based company said in a statement today. Compulsory job losses can’t be ruled out, it said. The cuts are in addition to a program announced in … Continue reading →

US / 215,000 private sector jobs added in November says ADP

U.S. private employers added 215,000 jobs in November, topping economists\’ expectations, a report by a payrolls processor showed on Wednesday, reinforcing expectations the Federal Reserve may soon begin to wind down its asset purchases. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 173,000 jobs. The high end … Continue reading →

Spain / The number of registered unemployed fell slightly

The number of Spaniards registered as unemployed fell slightly in November after rising in the previous month, with 4.8 million people out of work in the newly expanding economy Continue reading →

US / CBO estimates that extending the emergency unemployment compensation (EUC) program for one year would cost $25.7 billion

The Congressional Budget Office has completed an estimate of the budgetary effects of H.R. 3546, the Emergency Unemployment Compensation Extension Act of 2013 Continue reading →

Realty sector In India / 18-20% job losses in 12 months

Slower pace of approvals has broken the cycle of sales and cash flow, ultimately resulting in job losses Continue reading →

UK / 83% of jobseekers over 60 believe that they have been rejected for a job because of their age

The survey also found that 73% of those aged 51-60 feel that they too have been discounted from a role due to their age Continue reading →

New Zealand / A quarter of population born overseas according to census

This year’s Census results showed a quarter of New Zealand’s population was born overseas and one in eight people living in New Zealand are Asian Continue reading →

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