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US: Workers share of national income at its lowest level since 1959 while Corporate Profits are at record level
Workers share of national income is at its lowest level 1959 and is plunging. On the other hand, the share of corporate profits is at a record level. Source: Job Market Monitor with FRED Graph / St-Louis Fed’
Fiat / To slash 1,500 jobs in Poland
Italian carmaker Fiat said Friday it would slash 1,500 jobs in a plant in Poland due to falling demand for small cars in the European market. Output in Tychy, southern Poland, was projected to fall below 300,000 vehicles next year, down from 600,000 in 2009, Fiat said in a statement. The company summoned Polish unions … Continue reading
Kenya / Corruption Costs 250,000 Jobs – New World Bank Report
Corruption accounts for loss of resources enough to create 250,000 jobs in Kenya annually, the World Bank has said. In its latest economic update titled ‘Kenya at Work’, the report says an enterprise survey found out that firms pay up to 12 per cent of value of government contracts to win them and four per … Continue reading
From Jail to Skilled Workers Through Apprenticeship
Three years back, Bush sat in the state women’s prison in Purdy, finishing seven and a half years for an armed-robbery conviction. The former addict dropped out of school in seventh grade–“Me and school, we never saw eye to eye,” she says–was convicted of her first felony at 13, had a child at 15, and … Continue reading
The unemployment rate would slowly increase over the coming months – Brookings
“The November employment report showed unexpected declines in both the unemployment rate and in the labor force participation. A stock-flow analysis of the latest report shows that the labor market continues to show many signs of weakness, with no improvements in workers’ job finding rates and a stubbornly elevated rate of job separation. In fact, … Continue reading
Canada / Labour productivity fell 0.5% in the third quarter
The labour productivity of Canadian businesses fell 0.5% in the third quarter, following a 0.6% decline the previous quarter. It was the second consecutive decrease after three quarterly gains. Chart 1 Productivity in Canadian businesses declines once more The decline in productivity in the third quarter took place in a context where business output remained at the same level … Continue reading
Canada/ Employment rose by 59,000 and unemployment rate declined to to 5-month low 7.2%
Following little change in October, employment rose by 59,000 in November, the result of an increase in full-time work. The unemployment rate declined 0.2 percentage points to 7.2%. Chart 1 Employment Compared with 12 months earlier, employment increased 1.7% or 294,000, mostly in full-time work. Over the same period, the total number of hours worked rose 1.3%. In November, employment increased in Ontario, Quebec, Alberta, Manitoba and … Continue reading
UK / Remploy closures / More disabled workers losing jobs
Hundreds more disabled workers at Remploy factories are at risk of losing their jobs under fresh closure plans, the Government announced today. A further 875 employees, including 682 disabled people, have been told they face compulsory redundancy. Ministers announced earlier this year that a number of Remploy factories would close, arguing that the budget for disabled employment … Continue reading
Skills Gap a myth, employers are simply using the wrong hiring criteria
At this writing, the unemployment rate in the United States is 7.9%, yet, according to Manpower, one out of every two U.S. employers is struggling to fill mission-critical jobs. How can that be? In my view, based on my company’s work with more than 28,000 businesses around the world and our assessment of over 3.5 … Continue reading
US / 40 percent of Fortune 500 companies were founded by immigrants
Immigrant entrepreneurs are doing great things in America today. Lebanese born Dr. Charles Elachi is the Director of NASA’s Jet Propulsion Laboratory and his team just sent a rover to Mars. Russian born Sergey Brin is the co-founder of Google. In fact, a 2011 study found that 40 percent of Fortune 500 companies were founded … Continue reading
Reshoring / Apple to return some Mac production in US
Apple Inc is planning to bring back some of its production of Mac computers to the United States from China next year, Chief Executive Tim Cook said, according to a report published Thursday. The company will spend more than $100 million to build the computers in the United States, Cook was cited as saying in … Continue reading
Skills Gap / SMEs are not confident enough right now to make big investments in training
“We’ve been able to find the types of people that we want as long we are willing to invest in them to bring them to the level of skill that we need,” says Tammy Krings who has something of a happy problem for her growing, Columbus, Ohio-based global travel business, TS24… Millions of small- and medium-sized employers, … Continue reading
1.3 Million Greece / Unemployment Rate 26%, Youth 56%
Every month unemployment in Greece breaks a new record! According dat released by Greek Statistics Authority (ELSTAT) for September 2012: unemployment reached 26%, while the data for youth 15-24 years old skyrocketed to 56% – despite the lowering of the minimum wage for this age group down to 510 euro gross per month. Officially, at … Continue reading
U.S. Unadjusted Unemployment Shoots Back Up find Gallup one day ahead of the jobs report
In light of the figures on unemployment claims coming out since four weeks, this is not surprising. Tomorrow’s report should not be better.(1) *-* U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a … Continue reading
UK / Army / Redundancies and cuts ‘hurting’ forces personnel
The Government has been warned that service personnel are “hurting” because of redundancies and cuts as further details of a scheme to boost support for the armed forces were revealed. Defence Minister Andrew Robathan announced that more than £423,000 had been allocated to 13 bids in England for local projects funded through the community covenant … Continue reading
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