Job Market Monitor
In the News
UK / venture capital trusts create thousands of jobs research finds
A survey of companies that have been funded by venture capital trusts (VCTs) has found that they have created 14,000 new jobs since receiving the investment. The Association of Investment Companies (AIC) heard from 271 such businesses, which reported that their combined workforces have swelled from 23,643 at the time of the VCT injection to … Continue reading
ESPN layoffs 7000 workers
Sports media giant ESPN has given pink slips to nearly 7,000 employees on Tuesday, the network said in a statement. The Bristol, Connecticut-based company said it was looking at the financial bottom line. In a statement the company said that they were implementing changes across the company to enhance their continued growth while smartly managing … Continue reading
Canada / Job vacancies down by 26,000 in a year
Canadian businesses had 210,000 job vacancies in February, a decrease of 26,000 from February 2012. There were 6.4 unemployed people for every job vacancy, up from 5.9 one year earlier. The increase in the ratio of unemployment to job vacancies was a result of a faster decrease in the number of job vacancies than in the number of unemployed people. The national job vacancy … Continue reading
Monster / Demand for Engineering Jobs Grows in 2013
We recently surveyed employers to gauge their recruitment plans for engineering job opportunities, and learned that a majority of employers (73%) are likely to hire engineering talent over the next 60 days, driven primarily by staff increases (60%) and company expansion (54%). Our survey found that there is both a need for a variety of … Continue reading
UK / One in five retiring in 2013 in poverty
Study by Prudential finds many people are facing a bleak financial outlook, with 14% relying solely on state pension One in five people retiring in Britain in 2013 will fall below the income poverty line according to a study by Prudential, which also found that nearly a quarter of women will enter retirement entirely dependent … Continue reading
Italy / Millions falling into poverty finds ISTAT
Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in the past two years. The findings from national statistics institute ISTAT underline the scale of the challenge … Continue reading
China / Jobless fears as record 6.99 million graduates hit market
A record 6.99 million students – an increase of 190,000 compared to last year – will graduate from China’s higher education institutions this year. But graduate unemployment, a scourge in recent years, shows no sign of easing for the class of 2013. Local media in a number of Chinese regions have been declaring 2013 as … Continue reading
Autism / SAP in a recruitment drive
German software company SAP says it hopes to recruit hundreds of people with autism, saying they have a unique talent for information technology. The firm said that by 2020, 1% of its global workforce of 65,000 employees would be people with autism. Autism is a developmental disorder that can cause problems with social interaction and … Continue reading
Texas / Drug testing for unemployment passes
A bill that would allow the state to drug screen unemployment applicants has passed the Texas House. Rep. Brandon Creighton presented the measure to the House Tuesday night The law would require state officials to screen applicants to see whether they might abuse drugs. Only if there is reasonable suspicion could the Texas Workforce Commission … Continue reading
Teachers Layoffs / By seniority ?
School boards are now working on their budgets, so more of these stories are likely to unfold over the coming months. The problem is that state law requires districts to use seniority as the sole factor in determining which teachers to lay off even though experience doesn’t always add up to greater effectiveness — as … Continue reading
Ericsson / 318 Receive Layoff Notice in Sweden
LM Ericsson Telephone Co. (ERIC: Quote) Tuesday said it has initiated union negotiations to close down its telecom cables operation within business unit Networks. The decision primarily impacts the operations in Hudiksvall and Stockholm. A notice of reduction of 318 positions in Hudiksvall has been given, while a dialog with the unions in Stockholm for … Continue reading
Sweden / Unemployment Unchanged in April
Swedish unemployment stayed unchanged last month as companies have cut jobs to cope with a strengthening krona and faltering demand from the recession-burdened euro area. Seasonally adjusted unemployment was unchanged at 8.4 percent from the previous month, Stockholm-based Statistics Sweden said today. The rate was predicted to fall to 8.3 percent, according to the median … Continue reading
Finland / April unemployment at 8.8%
According to Statistics Finland, April unemployment stood at 8.8%. In March the figure was 9%. In April 2012, it was 8.4%. Figures from the Ministry of Employment and the Economy show that there were around 40,000 more unemployed job seekers in April than there were one year previously. The rate of unemployment among men last … Continue reading
UK / Tech City Startups / Skilled Manpower Shortage Is The Biggest Challenge
More than 40% of Tech City companies say a shortage of skilled workers is the biggest challenge they face, with three quarters blaming the employee shortfall for restricting growth. Research firm GFK interviewed 141 founders, chief executives, managing directors and chief operating officers of Tech City-based companies during March and April this year and also … Continue reading
Brazil / Govt Has Created More than 4 Million Jobs since 2011
Brazilian President Dilma Rousseff, stated today that more than four million new formal jobs have been created since 2011, an important step in reducing inequality in the country. More jobs and wage increases are key factors for reducing inequalities in the country, Rousseff stressed today in her weekly radio program, “Coffee with the President.” “If … Continue reading
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