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Europe / Recession / Turning off the heat and skipping meat at Christmas
The euro zone debt crisis has put a damper on this festive time of year in southern Europe. In Greece, families say they’re turning off the heat and skipping meat at Christmas dinner. Lisboners will be cutting back on gifts (one cleaning lady told Reuters she will only give “bare necessities”). And Italian civil servant … Continue reading
Texas / Half a million jobs added by oil and gas boom
Texas has gained more than 576,000 jobs from the ongoing U.S. oil and natural gas boom, far more than any other state, the IHS CERA analysis group reported Wednesday. The estimate includes both direct hires by oil and gas companies and other jobs in manufacturing and services that contribute to the boom or benefit from … Continue reading
Brazil / Petrobras $15.4 billion costs cutting – Impacts on jobs unknown
Brazil’s state-led oil company Petrobras (PETR4.SA) plans to cut costs by 32 billion reais ($15.4 billion) between 2013 and 2016 to stanch the impact of falling output and rising debt on its ambitious expansion plan. The plan will focus on 39 areas that accounted for 43 billion reais of spending in 2011 and seek to … Continue reading
86% jobs not suitable for Saudis says Labor Minister Adel Fakeih
Labor Minister Adel Fakeih said yesterday that 86 percent of jobs done by expatriates are not suitable for Saudis. However, he said the new Saudization drive was aimed at creating more jobs for two million unemployed citizens. Speaking to Al-Sharq daily, he said 85 percent of Saudi job seekers are women. “Moreover, 330,000 Saudis, who … Continue reading
Pfizer’s Lipitor / 600 jobs cut
Pfizer Inc (PFE.N) plans to cut about 20 percent of its sales force for primary-care drugs, Bloomberg News reported, as the pharmaceutical company copes with the loss of a patent for top-selling cholesterol drug Lipitor. The staff cuts will amount to about 600 sales people out of 3,000, and will begin this month, Bloomberg said, … Continue reading
Lithuania / Minimum wage will increase at 6.06 LTL (EUR 1.7)
On Wednesday, the Government of Lithuania led by Social Democrat Algirdas Butkevicius approved of the proposition to increase minimum monthly wage (MMA) to LTL 1,000 (EUR 289) as of January 1, 2013, informs LETA/ELTA. The minimum hourly wage was set at LTL 6.06 (EUR 1.7). “We start work by implementing the commitments made to our … Continue reading
Canada / Employment Insurance / Up 4,600 (+0.9%) to 535,000October 2012
Following a small decline in September, the number of people receiving regular Employment Insurance (EI) benefits in October edged up 4,600 (+0.9%) to 535,000. The number of beneficiaries increased slightly in Alberta, New Brunswick, Ontario, Manitoba and Quebec, while it edged down in British Columbia. Employment Insurance beneficiaries edge up in October . Choosen excerpts by Job Market … Continue reading
US Youth / More Are Homeless
Across the country, tens of thousands of underemployed and jobless young people, many with college credits or work histories, are struggling to house themselves in the wake of the recession, which has left workers between the ages of 18 and 24 with the highest unemployment rate of all adults. Those who can move back home … Continue reading
US / Top charts of 2012 by the Economic Policy Institute
EPI’s top charts of 2012 are drawn from our flagship publication, The State of Working America; regularly updated Economic Indicators; weekly Economic Snapshots; and posts on Working Economics, the EPI blog. Taken together, they illustrate that in 2013, policymakers must do more to ensure the U.S. economy works for all Americans. Here are the fisrt … Continue reading
China / Over 12 million jobs created this year
The Chinese government today said it has created 12.02 million new jobs in the first 11 months of this year surpassing the goal of 9 million. The urban registered unemployment rate stood at 4.1 per cent at the end of September, below the annual target of 4.6 per cent, the Ministry of Human Resources and … Continue reading
Global Job Gap / At least until 2017 to recoup the lost in the US and Europe says UN
World economic growth has weakened substantially this year and faces the confluence of a triple threat — the fiscal cliff in the United States, a worsening European debt crisis and a sharp slowdown in China, the United Nations said in a year-end report released on Tuesday. The worst case, the report said, could be a … Continue reading
Ireland / Call centre brings 250 jobs
A CALL centre has delivered an early Christmas present of 250 new jobs to an unemployment blackspot. Three former Talk Talk workers, who set up Irish technical support company Eishtec, are expanding their business to a second centre in Drinagh, Co Wexford. The jobs, which are service and technical support roles, are being welcomed in … Continue reading
From Gender to Mother Gap: Britain full-time working mothers earn 21% less than men
Mothers who work full-time earn 21 per cent less than men, a report revealed yesterday. But even women without children are victims of Britain’s gender pay gap. On average, they earn 7 per cent less than men in full-time jobs, the Organisation for Economic Co-operation and Development said. ‘Women pay a high price for motherhood,’ … Continue reading
UK / Large scale redundancy period cut from 90 to 45 days
The 90-day period before large scale redundancies can take place is to be cut to 45 days, the Government announced today. Employment Relations Minister Jo Swinson said the move, along with other changes, was aimed at helping workers and businesses. But the TUC said the last thing the country needed was for the Government to … Continue reading
India / Toward quota for Muslims in govt jobs ?
Apparently taken aback by BSP chief Mayawati successfully pushing the quota in promotion bill, Samajwadi Party chief Mulayam Singh Yadav sought to counter it in the Lok Sabha on Tuesday by making a strong pitch for reservation in government jobs for Muslims. Raising the issue during Zero Hour, Yadav contended that the plight of the … Continue reading
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