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Robert Shiller, Nobel prize for economics / Income Inequality Is ‘Most Important Problem’
Shiller, an economist famous for having warned about bubbles in technology stocks and housing, said inequality has been worsening for decades Continue reading
OECD / Employment rate still 1.4 percentage points below pre-crisis level
The OECD area employment rate – defined as the share of people of working-age who are employed – was 65.1% in the second quarter of 2013, 0.1 percentage point higher than in the previous quarter Continue reading
Rwanda / Germany Boosts TVET
Rwanda and Germany yesterday signed three financing agreements worth Rwf15 billion to support Technical and Vocational Education and Training (TVET) Continue reading
India / Tata Consultancy Services to hire 25,000 campus grads
India’s largest IT company by revenues, Tata Consultancy Services ( TCS ) has become the first IT firm to reveal its hiring targets for FY15, reports CNBC-TV18’s Kritika Saxena. TCS has already started giving out campus offers for FY15 and will be hiring 25,000 students from across 350 institutes in the country in the next … Continue reading
Canada / A report calls for a cap temporary foreign workers
Author and Carleton University economics professor Christopher Worswick said a cap is needed to “ensure the program does not grow too large.” Continue reading
Natixis (France) / Talks With Unions to Cut Up to 700 Jobs
French investment bank Natixis (KN.FR) Wednesday said it has begun negotiations with labor unions to cut about 700 jobs in France by the end of 2015. The bank, which is controlled by French mutual bank Groupe BPCE, said the \”new economic and regulatory context\” has forced changes in its staff organization. The bank\’s global payroll … Continue reading
Lockheed Martin / 600 more layoffs
Lockheed plans to notify affected employees on Nov. 6 Continue reading
Siemens / To cut 15,000 jobs worldwide
The ‘flagship’ German engineering and technology giant plans to shed 15,000 jobs worldwide by late 2014 in a cost-cutting drive Continue reading
UK / Jobless claims drop by most since 1997, youth unemployment rate at 21%
U.K. jobless claims fell the most in 16 years last month as a wider measure of unemployment remained at 7.7 percent amid signs that the labor market is improving. Claims for unemployment benefit fell 41,700, the most since June 1997, the Office for National Statistics said in London today. The decline exceeded the 25,000 median … Continue reading
Canada / ‘Young people have been completely betrayed by Canada says Unifor President Jerry Dias
Young people have been completely betrayed by Canada. In August I think about 60,000 jobs were created, but the problem is of course that 70 per cent are precarious jobs, contract jobs, part time jobs. The worst and the most staggering figure that came out of that is that a majority of those jobs were … Continue reading
US / More Than 8,000 Healthcare Jobs Cut in September
For the third time in the last five months, healthcare had the most job cuts of any sector, with 8,128 reported layoffs in September, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas. Over the course of this year, healthcare organizations have cut 41,085 total jobs, according to Challenger, Gray & … Continue reading
Only 13% of Employees Are Engaged at Work, highest proportions of actively disengaged in Middle East, North Africa and sub-Saharan Africa
Only 13% of employees worldwide are engaged at work, according to Gallup’s new 142-country study on the State of the Global Workplace. In other words, about one in eight workers — roughly 180 million employees in the countries studied — are psychologically committed to their jobs and likely to be making positive contributions to their … Continue reading
California / Gender gap persists in most occupations
California men and women continue to largely segregate into different professions, the latest census figures show. Of the 100 most common occupations in California, only 20 have roughly an equal number of male and female workers, according to the data, which come via the state Department of Finance. Jobs typically done by men often pay … Continue reading
US / 47 per cent of working now expect to retire later survey finds
Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce. Some 82 per cent of working Americans over 50 say it is at least … Continue reading
Law Jobs in the US right now / 39,892 reports LawCrossing
News concerning law firm layoffs, the grim employment scenario for law school graduates and reduction in the hourly legal fees of attorneys had disappointed many legal career aspirants. But, the latest job search on LawCrosing.com offers a ray of hope to jobless law degree holders, looking for placements in the legal sector. The leading legal … Continue reading
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