Job Market Monitor
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Sweden / Manufacturers cut thousands of jobs
Two of Sweden’s manufacturing heavyweights unveiled plans to cut thousands of jobs Continue reading
Electrolux / To cut 2,000
Swedish home appliances company Electrolux (ELUXb.ST) announced 2,000 job losses and launched a new round of cost cuts to counter tough market conditions in Europe Continue reading
New Brunswick / Job creation is key to boost immigration
Those who work with immigrants in New Brunswick say creating more jobs is what\’s needed to attract more immigrants to the province. The New Brunswick government released a paper this month asking the public for suggestions on how to bring more immigrants to the province and retain young people. Leentje Deleuil of the New Brunswick … Continue reading
Youth / 25 Jobs in One Career for Gen Y
At 2.6 years per job, over 50+ years in the workforce, plus several temp assignments and contracts means that Gen Y can expect to hold 20-25 jobs over the course of a career. Continue reading
US / 2.9 job seekers for every job opening, first time in nearly five years the ratio fell below 3.0
In a labor market with strong job opportunities, the ratio would be close to 1-to-1, as it was in December 2000 (when it was 1.1-to-1) Continue reading
France / Jobless claims surge to record high
French jobless claims rose in September by the highest margin since the depths of the financial crisis in early 2009, hitting a new record and dealing a blow to President Francois Hollande\’s pledge to quickly reverse rising unemployment. However, the Labour Ministry attributed the rise largely to the inclusion of some unemployed people omitted from … Continue reading
Korea / Ageing faster than any other country in the OECD
South Korea is ageing faster than any other country in the OECD. Last year almost 12% of the population were aged 65 or over. By 2030 that proportion will double Continue reading
Hewlett-Packard (HP) / To cut 7,100 jobs in Europe
“HP expects approximately 7,095 employees to exit the company or to be re-deployed into new roles that better fit the future needs of the company and its customers,” the statement read Continue reading
Bank of America / To cut 3,000 mortgage jobs
Bank of America Corp is looking to cut 3,000 mortgage jobs before the end of the year Continue reading
US / Jobless claims stay elevated
Initial claims for state unemployment benefits fell 12,000 to a seasonally adjusted 350,000, the Labor Department said. “Underlying labor market conditions probably are not as bad as the recent claims data suggest,” said Daniel Silver, an economist at JPMorgan in New York. Technical problems as California converted to a new computer system have distorted the … Continue reading
Panasonic / To cut 7,000 jobs in chip business
Panasonic Corp. plans to cut up to 50 percent of the workforce in its semiconductor business — 7,000 employees — by March 2015 and sell off some of its factories Continue reading
Broadcom / Cutting 1,150 jobs
Broadcom said that during the third quarter it started a restructuring plan to reduce expenses, including cutting its workforce by up to 1,150 employees. Like larger Intel, Broadcom has been slow to launch chips featuring multimode, carrier-validated LTE, or Long Term Evolution, a technology allowing fast data transfer rates in smartphones that has become widely … Continue reading
Youth unemployment in Europe / A ‘holistic’ approach is needed says the Youth Forum
A successful approach to youth unemployment requires a concerted, long-term effort that joins the forces of the public and private sectors, writes Giuseppe Porcaro Continue reading
Spain / Jobless rate down for second straight quarter but still at 26%
The unemployment rate in Spain has dropped again in the third quarter, making the prospect of a slow, but sustainable recovery of the labor market more likely Continue reading
UK Gender Life Expectancy Gap / Narrows to less than four years
Babies born from 2010 to 2012 can now expect to live to 79 if they are boys and 82.8 if they are girls Continue reading
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