In the News

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Indiana / St. Vincent Health laying off 865

Indiana – St. Vincent, a Roman Catholic provider and part of St. Louis-based Ascension Health Alliance, announced it would cut 865 jobs Continue reading →

Apprenticeship in the US / Work and learn at the same time

Many people work and learn at the same time In the US. But in addition to getting a paycheck, apprentices like Schmitt are also getting a career boost: their on-the-job experience and technical instruction are part of a formal program to help them master an occupation Continue reading →

Ulster Bank / To cut up to 1,800 jobs

Royal Bank of Scotland’s troubled Ulster Bank arm announced up to another 1,800 job cuts and around 40 branch closures under plans to return it to profit within the next three years Continue reading →

Spain’s unemployment down, but not seasonally adjusted (Video)

The number of people registered as unemployed in Spain fell in June due to hiring for summer tourism related jobs, but Taking into account seasonal variations, the number of registered unemployed people edged higher and was up by almost 1,000 from the previous month Continue reading →

PSA-Peugeot-Citroen Offshoring / A 3rd China plant

PSA/Peugeot-Citroen opens a third assembly plant in China today, expanding in the world’s largest vehicle market even as a slump in European demand prompts it to cut jobs at home Continue reading →

India / Engineering postgraduates: a glut in applications

There are few takers for engineering postgraduates these days. The slowdown in the economy has dampened prospects in manufacturing so much so that the industry is shy about hiring them. Another major attraction was academics. In fact, many engineering graduates did master’s with an eye on teaching jobs. There was indeed a time when a … Continue reading →

India / Food Corporation hiring 7,000

Food Corporation of India (FCI) is on a hiring spree as it plans to recruit 7,000 in order to gear up for implementation of proposed Food Security Act, after hiring about 3,800 employees. “This is a massive recruitment drive undertaken by the FCI,” state-run FCI Executive Director (Personnel) D V Devinder Kumar Bhalla today said … Continue reading →

UK / Financial services shed 10,000 jobs in three months

The financial services sector is thought to have shed 10,000 jobs in the three months to June despite strong growth in business volumes, the CBI employers’ group and PwC have reported. The industry expects to create 1,000 jobs in the next quarter, according to the latest survey of 94 companies by the CBI and PwC, … Continue reading →

Over-educated / In 1970, only one in 100 taxi drivers and chauffeurs in the US had a college degree, today 15

In 1970, only one in 100 taxi drivers and chauffeurs in the US had a college degree, according to an analysis of labour statistics by Ohio University’s Richard Vedder, Christopher Denhart and Jonathan Robe. Today, 15 out of 100 do. Continue reading →

North Carolina / First state to cut federal long-term jobless benefits

North Carolina is the first state to cut off a federal unemployment compensation program for the long-term jobless Continue reading →

US / Labor Surplus, Labor Shortage, and the Skills Gap

US Job Market has two significant problems — a labor surplus and a labor shortage. High unemployment and a lack of job opportunity for young people – the surplus; employers who can’t find the highly skilled workforce needed – the shortage Continue reading →

US / had more temp workers than ever before: 2.7 million

In cities all across the country, workers stand on street corners, line up in alleys or wait in a neon-lit beauty salon for rickety vans to whisk them off to warehouses miles away. This is Chicago, New Jersey, Boston. Continue reading →

US Medical Device / Widespread Layoffs Leave Med Tech Shaky

Sizable layoffs this year from the likes of Medtronic, Boston Scientific, and Abbott Vascular, among others, have undeniably rattled the medical device industry Continue reading →

To Be Young in China

The post-’80s, born in the 1980s, have seen rapid change as China moved from a Maoist state to a market-oriented economy characterized by rampant consumerism and unprecedented inequality. Because of the country’s one-child policy, many of them are only children. They’re the first generation to grow up with the Internet, and in turn, have had more access to information – and perhaps greater exposure to individual censorship Continue reading →

US / When will the unemployment rate fall to 6.5% (the Fed’s threshold)

When will the unemployment rate fall to 6.5% (the Fed’s threshold, but not trigger, for raising the Fed’s funds rate)? If the participation rate stays steady, the unemployment rate will fall to 6.5% in December 2014 if the economy adds around 185,000 jobs per month.   This is consistent with the Fed not raising rates until 2015 … Continue reading →

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