Job Market Monitor
In the News
Montreal – Pfizer cuts 300 jobs
Pharmaceutical giant Pfizer has announced it’s cutting about 300 jobs across Canada, most of them in Montreal. Julie-Catherine Racine, a spokesman for Pfizer Canada, said Sunday that the cuts will be spread across several locations but the majority will be at the company’s headquarters in the Montreal suburb of Kirkland. “After an extensive and rigorous … Continue reading
Newell Rubbermaid – Over 1,900 jobs to be cut
Newell Rubbermaid plans to cut more than 1,900 jobs, or about 10 per cent of its worldwide workforce, over the next two and a half years. The consumer products company, known for Sharpie pens and its namesake containers, said Friday that all savings from the job cuts will be reinvested into growing its brands globally … Continue reading
India – Reliance Life Insurance Company – To hire 1,000
Leading private sector insurer Reliance Life Insurance Company (RLIC) plans to hire about 1,000 employees for its new distribution channel Life Plaza by March, 2013. RLIC, part of Anil Ambani-led Reliance Group’s financial services arm Reliance Capital, is also setting up close to 200 branches across the country under the newly-launched distribution model, Life Plaza, … Continue reading
Irish workers – Looking for jobs in B.C.
A B.C. construction industry team got a warm welcome at job fairs in Ireland, where out-of-work tradespeople are desperate for jobs being offered in Canada. At a job fair in Dublin, 10,000 workers came through the door, said Abigail Fulton, vice-president of the B.C. Construction Association. The delegation also set up in Cork and Belfast … Continue reading
Ireland – Jobs for 250, but 60 posts go
TWO firms have given one county a 200-jobs boost, but 60 were lost when a company went into liquidation after seven decades in business. Call centre provider Voxpro and meat processor Kepak made the announcement of 200 new positions for Cork. And 50 jobs are to be created by Europcar with the opening of new … Continue reading
Skills Gap – Illinois – Widening on factory floors
Say “skills gap” to any manufacturer, and invariably they’ll respond with the number 600,000. That’s the gaping hole of unfilled jobs at U.S. manufacturers—for Illinois, estimates point to 30,000 unfilled jobs. The talent shortfall carries serious consequences. In a Manufacturing Institute 2011 skills gap report surveying more than 1,100 U.S. manufacturers, 74 percent of respondents … Continue reading
Public sector jobs crowding out private jobs – Sheer mystical gobbledygook writes Krugman
Both Dean Baker and Josh Bivens weigh in Robert Samuelson’s outburst at the New York Times for saying that the government can too create jobs. (He went so far as to call it “flat-earth” thinking). Sadly, Samuelson’s attitude is widely shared — even, at least rhetorically, by Barack Obama. So let me not focus on … Continue reading
Finland – Unemployment among highly educated has grown significantly
Unemployment among the highly educated has grown significantly faster than in any other group, reports the daily Helsingin Sanomat. Between last year and this year, overall unemployment rose by six percent. However the rate jumped by 18 percent among job seekers with Master’s degrees. The unemployment rate among highly educated workers is around half of … Continue reading
Will the jobless claims drop be followed by the unemployment rate ?
Applications have fluctuated between 360,000 and 390,000 since January. At the same time, employers have added an average of nearly 150,000 jobs a month. That’s barely enough to lower the unemployment rate, which has declined from 8.3 percent to 7.8 percent this year. Robert Kavcic, an economist at BMO Capital Markets, said jobless claims have struggled to fall … Continue reading
UK – 1/4 of British babies are children of immigrants
There were 808,000 births in the UK last year, of which 196,000 were children born to non-UK born women – or 24 per cent. Data from the Office for National Statistics (ONS) shows there has been a steady increase in the number of children born to mothers who were born abroad since 2001, when the … Continue reading
Women In Tech
Women-led companies have a higher percentage of women in senior management (24.3%) than the average representation of women in executive roles in peer companies (12.2%), according to a recent report by the Corporate Women Directors International. Think now about a recent study conducted on 1000 female executives reported only one in five women have a … Continue reading
UPDATE – UBS – Job losses could reach 10,000
The bank will publish third-quarter figures on Tuesday and could concede that as many as 10,000 of its 60,000 staff will be shed in the coming years. UBS announced plans to cut 3,500 jobs to save £1.5bn just over a year ago. The changes are part of a strategy devised by the new management team … Continue reading
UK – Unemployment has fallen and it will rise again soon
The most unexpected figures recently were the big drops in the UK’s headline unemployment number and rate. However, the way the Office for National Statistics (ONS) reports the numbers – as three-month rolling averages – doesn’t really help us understand what is happening. It turns out that this occurs because of concerns about the variability … Continue reading
Canada – Employment Insurrance – New claims established after Sept. 15 are entitled to five fewer weeks of benefits
The Canadian government has quietly not renewed an employment insurance pilot program designed to benefit people across the country who live in regions with high unemployment. The Extended Employment Insurance Benefits Pilot Project provided an extra five weeks of benefits to people living in 21 designated regions across the country. The program was introduced in … Continue reading
After A Job Interview – Mistakes to avoid
Whatever you feel about the experience, remember that the process isn’t finished yet. And even if you don’t want the job, you do want your reputation to be intact or, preferably, enhanced by the whole experience. So don’t blow it now. Here’s what to do: 1. Don’t waste people’s time if you lose interest in … Continue reading
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