Job Market Monitor
In the News
Salzgitter / To Cut 1,500 Jobs
Germany’s Salzgitter AG (SZG.XE) said Wednesday it will cut more than 1,500 jobs in response to the crisis in Europe’s steel industry, which prompted a profit warning from the company last week Continue reading
Cisco / To Cut 4,000 Jobs
Cisco Systems just said it plans to eliminate about 4,000 jobs starting next quarter Continue reading
UK / Unemployment Rate is unchanged, overall, but up at 21.4% for 16 to 24 year olds
United Kingdom – The unemployment rate for April to June 2013 was 7.8% of the economically active population, unchanged from January to March 2013. For 16 to 24 year olds, it was 21.4% for April to June 2013, up 0.7 percentage points from January to March 2013 Continue reading
Tempering the mobility-dampening effects of safety net policies with lump-sum unemployment payments
There is no reason to believe that the culture of the low-skilled native-born population is an insuperable obstacle to geographical mobility Continue reading
US / Two-thirds of American Workers Would Still Work Even if They Won Millions
Two-thirds of American workers say they would continue working even if they won $10 million in the lottery, while 31% say they would stop Continue reading
South Africa’s Sibanye / To cut another 2 000 jobs
Dual-listed Sibanye Gold was set to shed a further 1 500 to 2 000 jobs through “rightsizing” the organization Continue reading
California’s Teens Summer Jobs / They Face 33% Unemployment Rate
Things could be especially rough here in California, which expects a 33.1% unemployment rate among teens this summer. That ranks #2 in the nation Continue reading
(Update) Heinz / Layoffs in Canada and US
Food company H.J. Heinz Co. is eliminating 600 jobs across the U.S. and in Canada, including 350 in Pittsburgh, nearly a third of its operation there, it said Tuesday Continue reading
Job Search with LinkedIn / Is ‘Move Your Job Application to the Top of the Recruiter’s List’ Cheating ?
Could it be that the job boards and business networks — like LinkedIn — are not doing the job? Continue reading
Recession / Mothers Are Tougher on Kids
A down economy can impact family life. But an uptick in strict maternal behavior stems more from anticipation of hard times rather than actual exposure Continue reading
Canada / The truth behind the job market
Reading though what people say in their discussions it’s become very clear that a lot of people are confused about the job market in Canada Continue reading
Social Media / Do You Still Need A Resume ?
The primary challenge with many articles written by these forward-thinking bloggers is that they want to present a replacement to the resume. But the resume story itself is a separate living, breathing entity Continue reading
Job Search with LinkedIn / Close to 100% of job seekers use it as their number one social media
According to a new survey of job seekers, hiring managers, recruiters and HR executives, close to 100% of job seekers use LinkedIn as their number one social media site for job hunting Continue reading
Nigeria / 25,000 Jobs Lost in Vegetable Oil Industry
Vegetable oil and related products industry in Nigeria are nearing total collapse as no fewer than 25, 000 out of the 30,000 jobs in the sector Continue reading
Micron / To cut 1,500 workers
Micron Technology, Inc. has announced plans to cut about 5 percent of its global workforce on the heels of a major corporate purchase. Company officials say the cuts are designed to optimize its workforce and are not directly related to its buyout of the Japanese firm Elpida. However, Dave Petso with Petso Financial Consultants in … Continue reading
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