Job Market Monitor
In the News
Is Apple reshoring ? / 2,000 new jobs in Arizona
Apple Inc. (AAPL) said it’s opening a new plant in Mesa, Arizona, that will create 2,000 jobs to make components for its products, part of a push by the world’s most valuable company to boost manufacturing in the U.S. Apple struck a deal to pay $578 million to GT Advanced Technologies Inc. (GTAT) to supply … Continue reading
US / Mortgage business has announced 49,000 layoffs the first nine months of 2013
Financial firms are cutting tens of thousands of jobs because of a slowdown in the mortgage business, the sluggish economy, the growth of online banking and new regulations. The sector announced 49,000 layoffs the first nine months of 2013, most among all industries, outplacement firm Challenger Gray & Christmas said in a report. Challenger expects … Continue reading
UK / Immigrants pay more tax into the British economy than native Brits and claim less in benefits
The report by University College London’s Centre for Research and Analysis of Migration found immigrants arriving after 1999 were 45% less likely to claim state benefits Continue reading
Acer / To cut employee numbers by 7 percent
Acer CEO J.T. Wang is resigning from his post at the Taiwanese PC maker and will be replaced by president Jim Wong as part of a corporate restructuring that will try to revitalize the company’s sagging fortunes. Citing the company’s recent run of poor financial results, Wang said in a statement on Tuesday: “It is … Continue reading
China / Needs 7.2% growth to ensure employment says Premier
China needs 7.2% economic growth to ensure employment targets, said Chinese Premier Li Keqiang Continue reading
Npower / To axe 2,000 call centre jobs ?
Energy chiefs at Npower were today urged to come clean over growing speculation they are about to outsource 2,000 call centre jobs Continue reading
Encana / To cut workforce by 20 per cent
Canadian natural gas giant Encana Corp. says it will cut its workforce by 20 per cent, close its office in Plano, Texas, and spin off a large portion of its Alberta assets into a separate public company Continue reading
Canada / There are, and will be, acute skilled trade challenges says BuildForce Canada
“The reality is that there are, and will be, acute skilled trade challenges within the construction industry in parts of Canada that simply cannot be ignored,” said Rosemary Sparks, Executive Director of BuildForce Canada, a national industry-led organization that provides critical labour market forecasts Continue reading
Portugal / The crisis has destroyed one in seven jobs says ILO
Portugal’s economic crisis has destroyed one in seven jobs, with most of them lost since its 2011 emergency bailout programme kicked in, says the International Labour Organization Continue reading
Co-op Group / To close 50 bank branches with “significant” job losses
The Co-operative Group on Monday announced plans to close around 50 of its bank branches as part of a £1.5 billion rescue plan that will give investors majority control of the lender… The move has caused concern among some about whether the bank will be able to retain the ethical approach which attracted many of … Continue reading
UK / One in five skilled jobs filled by immigrants
One in five skilled British jobs are now filled by immigrants s experts warn UK is becoming too reliant on foreign workers Continue reading
Hamilton / Nearly 35,000 manufacturing jobs lost in the past decade
It’s Work Week at CBC Hamilton. And in the wake of U.S. Steel’s shutdown of steel manufacturing in the city, we are taking a look at jobs in Hamilton: where they have gone, what remains, and which industries are desperate for employees. For the first entry in the series, we’re using graphics to illustrate the decline … Continue reading
Kellogg / To cut about about 2,200 jobs
Kellogg says it plans to trim its global workforce by 7 percent, with the breakfast foods maker citing weaker-than-expected sales for the year. The maker of Frosted Flakes and Eggo waffles says it expects earnings per share for the year to be toward the lower end of its previous forecast. According to FactSet, Kellogg has … Continue reading
China / 86 percent overseas Grads find jobs within 6 months
The job market wasn\’t cold for overseas-educated talents who have returned to China, with 86 percent of them finding jobs within six months, according to a report released Monday. About 65 percent of returnees find jobs in three months, and 21 percent find employment between three and six months. Only 5.5 percent need more than … Continue reading
US Monetary Policy / Fed’s Bullard sees substantial progress in labor markets
There’s been “substantial progress” in the U.S. labor market, St. Louis Fed President James Bullard told CNBC on Monday. But inflation is low, he added—saying, “What’s the hurry” to taper the Federal Reserve’s massive bond-buying program. “The unemployment rate is down almost a full point from when we start this program in September 2012. We’ve … Continue reading
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