Job Market Monitor
In the News
Sweden – SCA to cut 1,500 jobs
Swedish hygiene and paper products maker SCA is to cut jobs, affecting 1,500 people, as part of a move to reduce annual costs by around 300 million euros ($385 million)… “About 1,500 employees are affected and costs are expected to be some 100 million euros,” chief executive Jan Johansson said in a statement ahead of … Continue reading
US, China and the American Job Creation
What has been happening in China – and is likely to be followed by the emergence of other Asian markets – is the increasing development of a substantial middle class consumer base. Today, China has some 250 million middle class consumers, with that figure expected to rise to 600 million by 2020. Once other Asian … Continue reading
US – Suicide Rate Rose During The Great Recession
The rate of suicide in the United States rose sharply during the first few years since the start of the recession, a new analysis has found. In the report, which appeared Sunday on the Web site of The Lancet, a medical journal, researchers found that the rate between 2008 and 2010 increased four times faster … Continue reading
Youth Unemployment – US vs Europe
The latest unemployment statistics released this week on both sides of the Atlantic show that the number of jobless is continuing to rise in Europe far above the rate in the U.S., and the picture is especially bleak for young Europeans under the age of 25. In the 27 E.U. nations as a whole, the youth unemployment … Continue reading
America’s jobs nightmare – A UK view
There is an intriguing contrast between the US and UK economies. British GDP remains substantially smaller than it was at its peak but employment has bounced back, helped by lower real wages and a growth in part-time jobs. The US economy has more than caught up all of its lost output and is now bigger … Continue reading
South Africa – Youth unemployment running as high as 50%
South Africa may be the largest and most developed economy on the African continent, but the unemployment rate for younger people has been running as high as 50%, prompting a nationwide debate about schemes where companies get paid for taking on young workers. The extent of youth joblessness, and its associated poverty, is acknowledged to … Continue reading
Update – US Job Report – This month report shouldn’t make a mandate
The number of unemployed and the unemployment rate increase. But employment too. So, this is a sign that participation is going up, a generally good sign. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. But still, the proportion of american in … Continue reading
Canada – Employment unchanged and the unemployment rate remains at 7.4%
Following two consecutive months of increases, employment in October was unchanged and the unemployment rate remained at 7.4%. Employment Compared with 12 months earlier, employment increased 1.3% or 229,000, all in full-time work. The total number of hours worked also rose 1.3% over the same period. In October, employment grew in Quebec and Newfoundland and Labrador, while it fell in British … Continue reading
US Job Report – This month report shouldn’t make a mandate
The number of unemployed and the unemployment rate increase. But employment too. So, this is a sign that participation is going up, a generally good sign. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. But still, the proportion of american in … Continue reading
Nissan – A New Thai plant
Nissan Motor Co Ltd (7201.T) said on Friday it was investing 11 billion baht ($358 million) to build a second assembly plant in Thailand that will have an annual production capacity of 75,000 vehicles when it opens in August 2014. Capacity would eventually be raised to 150,000 vehicles. “Adding 150,000 units of production capacity will … Continue reading
The improvement in life expectancy
Everyone knows that human life expectancies have been improving. But just how extraordinary and incomparable that improvement has been is not widely understood. Demographers Oskar Burgera, Annette Baudischa, and James W. Vaupel offer two remarkable sets of comparisons in “Human mortality improvement in evolutionary context,” which appears in a recent issue of the Proceedings of … Continue reading
Why Today’s Unemployment Report Should Be Taken With A Grain of Salt
Three times today I’ve been asked on media outlets about the likely effect on the presidential election of Friday’s jobs report, depending on what the Bureau of Labor Statistics announces. Unfortunately, the BLS report is likely to sway some voters — and therefore have an impact on this tight race. But it shouldn’t. The report … Continue reading
Canada – Skilled worker immigrant backlog to be eliminated
The government is expected to eliminate a controversial, years-old backlog of skilled worker immigration applications by the end of 2014 — about three years ahead of schedule, Postmedia News has learned. It means a plan to create a pool of would-be Canadians from which provinces and employers could cherry-pick newcomers based on labour market need … Continue reading
South Africa – Xstrata fires 400 strikers
Global diversified mining firm Xstrata (XTA.L) has dismissed 400 workers involved in an illegal strike at its Kroondal chrome mine in South Africa, the company said on Friday. The mine employs a total of 619 workers. The sacked miners have until 09:00 am EDT on Friday to appeal their dismissals. “Most of production at Kroondal … Continue reading
St. Paul, Minnesota – St. Jude Medical cutting 500 jobs
St. Jude Medical said Thursday that it has laid off another 500 people as it restructures to deal with slumping sales of its heart devices. In August, St. Jude said it had terminated 300 employees, including 80 in Minnesota, as part of a broader companywide reorganization expected to slash $50 million to $60 million in … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
