Job Market Monitor
In the News
Germany / Unemployment Rate Declined to 6.8 percent in January
German unemployment unexpectedly declined in January, adding to signs that a pick-up in Europe’s largest economy is gathering pace. The number of people out of work fell a seasonally adjusted 16,000 to 2.92 million, the Nuremberg-based Federal Labor Agency said today. Economists predicted an increase of 8,000, the median of 31 estimates in a Bloomberg … Continue reading
Ottawa Hospital 290 full-time jobs cut
Nearly 300 jobs at The Ottawa Hospital are on the chopping block. As it tries to trim $31 million from its $1.04-billion budget for 2013-2014, the hospital announced Wednesday 290 jobs would be affected. Of those jobs, 90 nursing jobs and 100 administrative positions will be cut, in addition to 100 other health care jobs … Continue reading
Korea / Minimum wage raised at 38,880 Korean won for eight hours of work a day
Korea has raised the minimum wage for all workers, including foreign workers under its Employment Permit System, the Department of Labor and Employment said. DOLE Secretary Rosalinda Baldoz cited a report from Philippine Overseas Labor Office Korea head Felicitas Bay that the new rate is 5.76 percent higher from last year. “The new rate represents … Continue reading
Harman / 500 jobs cut and, maybe, 500 more
Audio systems maker Harman International Industries Inc slashed its full-year outlook and said it would cut up to 9 percent of its workforce after second-quarter profit missed Street estimates due to lower sales to European carmakers. Harman shares plunged 14 percent to $42.49 in morning trade on the New York Stock Exchange. “We expected European … Continue reading
Canada / Where are all the jobs? Infographics
Source: MacBlog_Jobs – – Macleans.ca.
UK / 150 jobs to go at IPC Media
the UK division, the magazine giant IPC Media, must cut 150 jobs, which amounts to 8% of the total. The publisher of Britain’s best-known consumer magazines, such as Marie Claire, Ideal Home, Woman, Woman’s Own, In Style and Now, said the cuts would be accompanied by “organisational changes.” There will also be sweeping changes to … Continue reading
UK / Skills Gap / Companies complain about hurdles faced by Chinese workers
The EEF, the manufacturing body, said UK employers are leaving job vacancies unfilled for weeks – sometimes months – because they cannot easily get hold of skilled workers from China and other non-EU countries to plug UK gaps. Companies complain that skills shortages hold back growth, with firms looking abroad to fill gaps in technology, … Continue reading
Quebec / Two Best Buy outlets close
Some Best Buy outlets have shut their doors in the last several hours. The electronics chain appears to have closed at least two outlets in Quebec, in Sherbrooke and in Montreal-area Lachenaie. And there are reports that more than a dozen Best Buy big box outlets will close across Canada. The windows at the Sherbrooke … Continue reading
Unprepared For College – Infographics
Although 80% of students graduating high school think they are ready for college once they have their diplomas, the reality does not reflect this confidence. If students base their visions of college on the pop culture representation in movies like Van Wilder or Old School, they are in for a shock when their first week … Continue reading
UK / Youth Unemployment / Labour councils vs Stalin-esque ministers
The harsh reality is government programmes are failing. In fact, fewer than 6,000 young people have been helped into sustained jobs: that’s just 3.4% of young people on the Work Programme. The Youth Contract, launched with much fanfare by the deputy prime minister last year, is working so well that the government has decided to … Continue reading
Singapore / Jobless Rate at 5-Year Low
Singapore’s jobless rate fell to a five-year low last quarter as companies hired more local workers after the government tightened the inflow of foreign labor. The seasonally adjusted jobless rate fell to 1.8 percent from 1.9 percent in the third quarter, the Ministry of Manpower said in a statement today. The median estimate of nine … Continue reading
US / Youth vs Parents: We Will Be Better Off They Think
American youth have little doubt that they will have a better life than their parents. Almost all fifth- through 12th-graders are optimistic about the future, saying they are very likely (43%) or somewhat likely (52%) to have a better standard of living, better homes, and a better education than their parents. A combined 5% of … Continue reading
Canada / BC’s Skills Gap / The number of jobs requiring university, college, or trades credentials will exceed the supply of graduates in 2016
A B.C. Labour Market Profile reveals that by 2016, B.C. will reach a “tipping point” where the number of jobs requiring university, college, or trades credentials will exceed the supply of graduates in the province. The report was released by B.C.’s six research universities, based on the provincial government’s BC Labour Market Outlook. It notes … Continue reading
Daimler Trucks / Layoffs could reach 1,000 in Portland
New reports circulated on Wednesday suggesting Daimler Trucks is preparing to cut more than 1,000 jobs at its Portland manufacturing facilities. Choosen excerpts by Job Market Monitor from Daimler Trucks Warns of Potential Portland Layoffs – Truckinginfo.com.
Alps Electric / 3,000 Jobs Cuts
Alps Electric Co. (6770), a Japanese electronics supplier for carmakers and Apple Inc. (AAPL) jumped the most in more than 22 months after announcing it will cut 3,000 jobs worldwide to help stem losses… “The job cuts are aimed at improving profitability,” Satoshi Yamamoto, a company spokesman said by phone today. The reductions will be … Continue reading
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