Job Market Monitor
In the News
DreamWorks Animation / Layoffs to come
DreamWorks Animation SKG Inc., the Glendale-based entertainment company led by Hollywood film veteran Jeffrey Katzenberg, is expected to lay off up to 20% of its 2,200-employee workforce, following a decision to shelve production of the movie “Me and My Shadow.” The animation industry giant, home of the animated “Shrek,” “Kung Fu Panda” and “Madagascar” films, … Continue reading
Uganda: Minimum Wage Board being organized
The Government of Uganda has embarked on the process of constituting a minimum wage board to ensure Ugandans get rational salaries from employers. State Minister for Labour Mwesigwa Rukuntana said the board is being constituted to give the Government advice on how to fix the minimum wage and when to do it. “The board will … Continue reading
US / The Middle Class Retirement Crisis
Retirement security for those currently or recently in the middle class is no sure thing. 49% of the private work force has neither defined benefit (traditional pensions) or defined contribution (401(k)) retirement plans, while public sector pensions are coming under increasing attack. The United States has the highest elder poverty rate, 25% (measured as 50% … Continue reading
North Carolina / Unemployment Bill Would Cut $600 Million In Federal Extended Benefits
North Carolina lawmakers are considering a bill that would slash unemployment benefits and cause the state to lose roughly $600 million worth of extended jobless compensation paid entirely by the federal government. The measure would reduce the maximum weekly benefit from $530 to $350 per person. If it passes, North Carolina workers will no longer … Continue reading
US / Unemployment Benefits / Down Only Slightly
Job Market Monitor: Two out of three employment-related reports were positive and only 28,000 persons were saying they have a job in the latest monthly labor market report . Latest claims data reflect those weaknesses for three weeks in a row. There are down only slightly, reflecting a very moderate growth in hiring. The Report SEASONALLY ADJUSTED DATA In … Continue reading
Australia / Unemployment Rate Stays at 5.4%
Australia posted a seasonally adjusted unemployment rate of 5.4 percent in January, the Australian Bureau of Statistics said on Thursday. That was unchanged from the previous month, and it also beat forecasts for 5.5 percent. The Australian economy created 10,400 jobs in January – well ahead of forecasts for an increase of 6,000 jobs after … Continue reading
South Africa / Minimum Wage / Farm layoffs start after wage hike
South African farmers have started laying off labourers just two days after the government raised the minimum wage for the sector by 50 per cent in response to a wave of violent farm strikes, an industry official said on Wednesday. The government hiked the base wage to 105 rand (US$11.86) a day on Monday but … Continue reading
Heinz / Plans 80 layoffs at Idaho factory
The H.J. Heinz Co. plans to lay off 80 full-time employees at its Pocatello, Idaho, factory in March, following the discontinuation of the T.G.I. Friday’s frozen meal line. “The factory also will be adjusting its production schedule to maximize efficiency and effectively manage costs,” according to a statement from the Pittsburgh food company. The factory, … Continue reading
Surviving a game industry layoff
Layoffs happen. In the video game industry they happen a lot. Generally, there’s no way to prevent a layoff as an employee and there’s really no “safe” company (as last year showed). There are three things you can know and act on immediately to deal with a layoff before it occurs, or once it happens … Continue reading
China / To raise minimum wages
China has pledged to increase minimum wages and force state-owned companies to hand over more of their revenues to the public as part of a push to tackle growing inequality.The chasm between China’s rich and poor is seen by analysts as a significant threat to political stability, with discontent over inequality spilling over into angry … Continue reading
Indonesia / Minimum Wage / Workers protest on delay in implementing minimum wage
Hundreds of workers from the Indonesian Metal Workers Federation (FSPMI) Batam branch staged a protest at the Batam administration region office on Wednesday. They urged the local government to quickly implement the 2013 monthly minimum wage (UMK), rejected by the Indonesian Employers Association (Apindo). There was a heavy police and military presence at the demonstration. … Continue reading
Spain / Iberia workers on strike over layoffs
Labor unions representing most workers in Spain’s Iberia airline have called 15 days of strikes to protest the company’s plans to lay off 4,500 workers. The stoppages by Iberia’s ground staff and cabin crews will be held Feb. 18-22, March 4-8 and March 18-22. Raul Melero of the USO union said Wednesday that the strikes … Continue reading
BLS / Page Views per month, on average: 45.8 millon in 2012
BLS / Unique Visitors Website per Month, on average: 4 million in 2012 Page Views per month, on average: 45.8 millions MOST FREQUENTLY REQUESTED DATA SERIES Unemployment Rate: LNS14000000 (156,234 downloads per month, on average) .
Job Search / The Hidden Jobs
The “hidden job market” is one of the biggest of buzz phrases for job seekers. Many experts argue that up to 80 percent of the available jobs are hidden, although absolute documentation is hard to come by. So where are all these jobs, and how can you access them? Typically, people think of the hidden … Continue reading
UK / Self-Employment, the fastest growing sector since the Financial Crisis
The number of self-employed people in Britain has shot up by 367,000 since the financial crisis, according to official figures, becoming the fastest growing sector in the labour market and masking a fall in the number of employees, as many were forced to make their own way because of the global downturn. In recent months, … Continue reading
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