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US / Concern as Environment Agency job cuts estimate rises to 1,700
Waste industry bodies have expressed concerns after the Environment Agency (EA) confirmed an estimated 1,700 staff are likely to be cut between now and October 2014 – higher and sooner than its previous estimates of 1,400 job losses up to 2016. According to an Agency spokeswoman, the current total headcount of staff is 11,400, which … Continue reading
Merck / Job cuts rise by 8,500 to 16,000
Merck job cuts mean the drugmaker is slashing about 20 percent of its workforce. 8,500 jobs will be added to the 7,500 Merck job cuts already announced, bringing the total to 16,000. Continue reading
US / Construction adds 20,000 jobs and unemployment hits six-year low
Construction employment rose by 20,000 in September, and the industry’s unemployment rate fell to a six-year low of 8.5 percent, while construction spending increased for the fifth consecutive month in August, according to an analysis of new government data by the Associated General Contractors of America. Association officials cautioned that the data does not address … Continue reading
US / Jobless Claims drop but bigger gains in payrolls are needed
Fewer Americans filed applications for unemployment benefits last week as a backlog in California’s reporting cleared. Jobless claims decreased by 10,000 to 340,000 in the week ended Oct. 26 from 350,000 the prior period, the Labor Department reported today in Washington. The median forecast of 49 economists surveyed by Bloomberg called for a decrease to … Continue reading
US / Christina Romer: Use fiscal policy, the other main tool
In a fascinating speech last week at Johns Hopkins (via Matthew Klein), former Obama economic advisor Christy Romer proposes a totally different framework for stimulus. Essentially we lean on fiscal stimulus more, but we set it up so that it’s permanently flexible … and thus more like monetary policy. So when the economy goes to … Continue reading
Nevada / Up to 7,800 expected to be hired for holiday retail jobs
The Retail Association of Nevada said in a statement Wednesday that it expects hiring in Nevada to remain in line with that of 2012, which was up 2.6 percent compared to 2011. That translates to up to as many as 7,800 people across Nevada who are expected to be added to retail payrolls during the … Continue reading
Florida / Theme parks seeking 2,000+ workers
Central Florida theme parks are gearing up for the holiday season with plans to hire more than 2,000 workers, the Orlando Sentinel reports. Here’s a breakdown of the number of jobs each theme park plans on adding: SeaWorld Orlando is seeking about 200 workers for its three theme parks. It will be holding a job … Continue reading
Europe / Euro area unemployment rate at 12.2%, 24.1% for youth
The number of people out of work in the euro zone rose slightly in September, according to official data published on Thursday, showing that signs of renewed economic growth have not yet filtered through to the labor market. (via Jobless Rate in Euro Zone Stays at Record – NYTimes.com.) The Official Release The euro area (EA17) … Continue reading
US / Native Unemployment Rate has been over 10 percent for five years
While the unemployment rate for white workers peaked at 9.1 percent in 2010 and is now down to 6.1 percent, Native Americans have experienced double digit unemployment rates ever since 2008, according to an analysis from the Economic Policy Institute. Their current rate hovers over 11 percent. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
Germany / Unemployment at one-year low but …
In 2013, unemployment in Germany was never lower than in the month of October, and more Germans than ever in the past 23 years had a job. But latest figures also show that the German jobs boom is faltering. In October, some 2.8 million Germans were officially registered as unemployed – about 47,760 less than … Continue reading
US / Mid-sized firms add more than 1.25 million jobs in 2013 while large corporations cut more than 3 million jobs
Mid-sized firms are on track to add more than 1.25 million jobs in 2013, which would account for 7 out of every 10 new jobs created this year. In addition, the nearly 200,000 companies representing the U.S. middle market grew revenue at 5.5% over the past 12 months, more than double the rate of S&P … Continue reading
Embraer / To add 600 jobs in Florida
After opening an aircraft assembly facility in Jacksonville, Embraer is still growing its Florida presence. The state is working on a deal that could add 600 jobs at Melbourne International Airport. Gov. Rick Scott announced Tuesday that Embraer jet manufacturer has selected the Space Coast airport to build its Legacy 450 and Legacy 500 planes. … Continue reading
Thomson Reuters / To cut 3,000 jobs
Financial news and data provider Thomson Reuters has said it will cut a further 3,000 jobs as part of a continuing cost-saving plan. The latest cuts are in addition to 2,500 job losses announced in February. Like the earlier cuts, the jobs will mainly go in its financial and risk unit, responsible for renting out … Continue reading
Japan Tobacco / To cut 1,600 jobs
Japan Tobacco Inc. (2914) is cutting 1,600 jobs and closing four factories in the country as part of its plan to boost domestic competitiveness and profitability. The job cuts, or about 18 percent of the company’s workforce, will be made through a voluntary retirement program that will be offered to eligible employees in the Japanese … Continue reading
US / Private job gains lowest in six months reports ADP
Private-sector employment growth slowed in October, as firms adding the fewest jobs in six months and Washington’s partisan bickering over spending hit the labor market, payrolls processing firm Automatic Data Processing Inc. reported Wednesday. Private employers added 130,000 jobs this month — the fewest since April — down from 145,000 in September, according to ADP. … Continue reading
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