Job Market Monitor
In the News
JPMorgan / 4,000 jobs to be cut
JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff. The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through attrition, but the bank will lay off workers as well, a bank … Continue reading
Job Search / Do Women Have An Edge In It ?
Lately, I’ve been thinking about the issue of gender stereotyping when it comes to job hunting. It’s totally un-PC to say that women are better at making personal connections than men, but that’s exactly what Sam Pease, a vice president at the Boston career-coaching and job search firm, New Directions, told me when I asked … Continue reading
Denmark / A massive increase in highly skilled foreign workers
Denmark has seen a massive increase in highly skilled foreign workers in recent years, a new report has shown. According to fresh figures from the Danish Immigration Service (Udlændingestyrelsen), the number of educated people immigrating to Denmark from abroad has increase five-fold in the last two decades. Only 3,000 skilled non-EU foreigners entered the country for … Continue reading
Spain / Caixabank to cut about 3,000 jobs
CAIXABANK, Spain’s biggest bank as measured by assets under management, plans to slash around 3,000 jobs as part of a restructuring. The Barcelona-based bank said the restructuring was needed following the purchase of smaller rivals Banca Civica and Banco de Valencia, which has caused its staffing levels to soar. “The implementation of this restructuring will … Continue reading
The Flexible Work: What About Telecommuting
Marissa Mayer left Google to tackle what ailed Yahoo. And this week she took on … telecommuting. Yahoos were pleased with the new iPhones and free food from the new boss – a Google-icious touch. But, depending on the speaker, this “bold,” “outrageous,” or “1950s” decree eliminating work from home has stirred up comment, incredulity … Continue reading
US / Associate’s degree out-earn bachelor’s degree holders
Berevan Omer graduated on a Friday in February with an associate’s degree from Nashville State Community College and started work the following Monday as a computer-networking engineer at a local television station, making about $50,000 a year. That’s 15% higher than the average starting salary for graduates — not only from community colleges, but for … Continue reading
Over 50 / The new ‘unemployables’
Unemployed workers in their fifties are increasingly finding themselves stuck in limbo. On one hand, they’re too young to retire. They may also be too old to get re-hired. Call them the “new unemployables,” say researchers at Boston College. Older workers were less likely to lose their jobs during the recession, but those who were … Continue reading
British Gas / To create 1,000 ‘green jobs’
British Gas has unveiled plans to create 1,000 “green” jobs over the next three years for young, unemployed people. The energy giant has teamed up with environmental charity Global Action Plan and consultancy Accenture to provide free training to more than 1,400 young people not currently in education, employment or training. Each person who completes … Continue reading
Over-educated / College Degree Required
The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job. Consider the 45-person law firm of Busch, Slipakoff & Schuh here in Atlanta, a place that has seen tremendous growth in the college-educated population. Like other employers across the country, the … Continue reading
Kentuky and Virginia / More than 800 coal jobs
After many rounds of layoffs, hundreds of coal mining jobs are coming back to the region. Officials with Professional Contracting say they are currently looking to fill more than 800 jobs. Ever since Alpha Natural Resources idled four mines and laid off hundreds of workers in January, Its been the word about town. “There was … Continue reading
US / Payroll Tax Hike – Not good for jobs
Wal-Mart Stores Inc. on Thursday joined a parade of retailers, restaurants and consumer-goods companies worried about the economic impact of the recently restored federal payroll tax that has left Americans with less money to spend. The world’s largest retailer, Burger King Worldwide Inc., Kraft Foods Group Inc. and others are lowering forecasts and adjusting sales … Continue reading
The State of the Minimum Wage
President Obama stressed economic equality and opportunity, focusing particularly on the financial woes of those earning the minimum wage, during his recent State of the Union address. “Even with the tax relief we’ve put in place, a family with two kids that earns the minimum wage still lives below the poverty line. That’s wrong,” the … Continue reading
New Zealand / A jobs crisis?
Transpacific waste management is the latest company to announce job cuts. It comes at the end of a week when at least 1000 more workers could be facing unemployment with Telecom restructuring and Solid Energy in financial trouble. But are we facing a jobs crisis? Transpacific has announced 200 jobs across Australia and New Zealand … Continue reading
Ohio / Appliance Industry / 400 lose jobs
400 people at one of Painesville’s largest employers were notified of layoffs Friday. Core Systems, LLC is shutting down productions after 50 years in the manufacturing industry. The company makes custom molded parts in the appliance industry for clients including GE, Whirlpool, Bosch and Electrolux. Core Systems President Bill Loebbaka says the lender gave the order to … Continue reading
US / Immigration Reform / Four in ten said that high unemployment is caused by “illegal immigrants”
If anything is going to wreck the current bipartisan push for comprehensive immigration reform, it’s the fact that many Americans are convinced that more immigration will be bad for American workers and for the U.S. economy. The spectre of masses of immigrants taking American jobs and driving down wages is a powerful one, especially at … Continue reading
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