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Nigeria Economy Society – Unemployment, job creation top agenda
Unemployment, poverty reduction and job creation, especially among the youth in the country, is expected to be the main focus of the Nigeria Economy Society (NES) conference which kicks off today in Abuja, the president of the group, Professor Akin Iwayemi has said. Addressing newsmen yesterday in Abuja ahead of the 53th Annual NES conference, … Continue reading
KPMG – More Than 300 Layoffs Projected
Uncertainty over the Eurozone debt crisis and stagnant growth in economies all over the world has forced businesses to cut back on growth expectations. These concerns have forced the firm to consider cutting employees from its UK offices. KPMG has not announced any layoffs in over 10 years. The firms were an unexpected announcement and … Continue reading
Apple – Angry employees
Apple UK, US, and Canada have all reported huge layoff numbers across Apple retail store outlets. Recent training groups all within their probationary period have been given the pink slip. We even hear recently promoted Apple employees being demoted back down to their original positions, all while part-time employees disappointingly discover zero hours per week … Continue reading
Taiwan – Mass layoffs reach highest in 4 years
Fifty Taipei companies had announced mass layoffs by mid-August this year, the highest in four years, reported the city’s Labor Department yesterday. According to the agency, “mass layoff” is defined by law as the letting-go of 20 workers in a single day or a third of a workforce within 60 days by a company with … Continue reading
Job Gap – About 14 million jobs need to be created says OECD
The current weak economic recovery will keep unemployment rates in OECD countries high until at least the end of 2013, according to a new OECD report. The Employment Outlook 2012 says that the OECD-wide joblessness rate is forecast to remain high at 7.7% in the fourth quarter of 2013, close to the 7.9% rate in May … Continue reading
US – 6.1 million workers were displaced from jobs they had held for at least 3 years
From January 2009 through December 2011, 6.1 million workers were displaced from jobs they had held for at least 3 years, the U.S. Bureau of Labor Statistics reported today. Highlights from the January 2012 survey: –In January 2012, 56 percent of the 6.1 million long-tenured displaced workers were reemployed, up from 49 percent for the prior survey in January … Continue reading
Psychology – Being Unemployment
What is often buried in the monthly unemployment numbers provided each month by the Bureau of Labor Statistics, is an understanding of the psychologically traumatic experience of involuntary job loss and ongoing unemployment. I argue that this experience is critical to understand because it can inform how hiring managers, human resource professionals, and small business … Continue reading
Unemployment Insurance Claims – Up from bottom-near since April 2008 to 372,000
Three weeks ago, claim were down to 353,000, at bottom-near since April 2008 and we have asked ‘But is it only volatility’ ? The answer is yes. But it could mean more… Not a good sign anyway. SEASONALLY ADJUSTED DATA In the week ending August 18, the advance figure for seasonally adjusted initial claims was 372,000, an … Continue reading
63% of “Generation Y” have a bachelor’s degree while jobs taken don’t require one
After four years of college, many graduates are ending up in jobs that only require the ability to operate a cash register with a smile. After commencement, a growing number young people say they have no choice but to take low-skilled jobs, according to a survey released this week. And while 63% of “Generation Y” workers — those … Continue reading
Greece – 794,924 officially registered as unemployed @ state employment agency OAED
The number of people officially registered as unemployed increased by 1.59 percent in July, the state employment agency OAED announced. The agency recorded 794,924 people as jobless in July, six out of ten of whom are in the 30 to 54 year-old age bracket and 92.5 percent of whom are Greek nationals… via Unemployment register … Continue reading
Unemployment + Gasoline : A new misery index?
Those figures are then added together in the bar chart showing the 5 best and 5 worst. Are you surprised by any of the states listed in this new misery index? via Unemployment & Gasoline – Graphic of the Day | The Knowledge Effect.
Germany – Bosch – To shorten work hours
German industrial group Robert Bosch GmbH ROBG.UL is in talks with workers at its engineering unit, Bosch-Rexroth, to cut their work hours in response to weakening demand from industrial customers, a company spokesman said on Friday. Bosch-Rexroth is one of the world’s leading producers of drives, valves and control technologies, which are used in machine … Continue reading
Unemployment boom doesn’t threaten Russia, experts say: Voice of Russia
While unemployment rate is growing in Europe, Russia is experiencing a deficit of labor power. According to the latest estimations made by the All-Russian Center for the Study of Public Opinion, at present, there are fewer unemployed people in Russia than there were before the crisis of 2008. According to official data, 5% of Russia’s … Continue reading
Mining – Layoffs Looming
Twenty per cent of mining companies in Canada have already begun laying off employees this summer in a sector that has taken a recent beating in the markets. The good news for existing workers is that employment appears to be getting more stable, with 76 per cent of the 140 mining executives surveyed not considering … Continue reading
Middle East and North Africa – Bridging the Skills Gap
OFFICIALS hope a regional labour market study will help identify how to empower Bahrainis working in the private sector. Many are keen to bridge the gap between their qualifications and job requirements, according to the preliminary findings of a new research conducted by global human resources company Aon Hewitt. Said to be the largest study … Continue reading
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