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India – Only 25% graduates have employability skills
Voicing concern over lack of employability skills among graduates, Minister of State for HRD and External Affairs E Ahamed said that only 25 per cent of them are employable. “Of late, employability of graduates coming out of our educational system is becoming a matter of great concern. I am told only 25 per cent of … Continue reading
India – Employability – A disconnect between what the industry needs and what the students learn
Puneet Mishra, director of Ambition Institute of Technology in Varanasi, is a worried man. He is concerned that a majority of engineering graduates in India are not employable. There is a disconnect between what the industry needs and what the students learn, he said, as the curricula are not upgraded frequently enough to match the … Continue reading
Native American joblessness – A slow genocide
The dire social and material statistics of Native America – on some reservations the suicide rate is the highest in the Western Hemisphere (particularly among teenagers), and there are greatly elevated levels of alcoholism, drug use, diabetes, tuberculosis, and domestic violence – coincide with crushing joblessness. The problems of Indian America cannot be effectively solved … Continue reading
Florida – Jobless unemployment payments state’s error rate climbed from 4.5 percent to 8.4 percent
From 2008 to 2011, as officials struggled to handle Florida’s ballooning jobless rate, the state overpaid unemployment recipients by $486 million, according to a new analysis by the U.S. Department of Labor. During the same time, the state’s error rate — which includes underpayments and overpayments — climbed from 4.5 percent to 8.4 percent. The … Continue reading
UK back in Recession – Significant economic contraction of 0.7pc
The figures from the Office for National Statistics are much worse than forecasts for a 0.2pc contraction. It marks the third successive quarter of contraction, leaving Britain in its longest double-dip recession in more than 50 years. The economy shrank by 0.3pc in the first quarter of the year, following a 0.4pc contraction in the … Continue reading
Canada – 74% believe older job applicants are discriminated against
Nearly three-quarters of Canadians believe workplaces are shunning older job applicants based solely on their age, a worrisome finding given labour force trends in Canada.In a survey conducted by Ipsos Reid exclusively for Postmedia News, 74 per cent of those asked either “strongly” or “somewhat” agreed that employers discriminate against older people looking for jobs. … Continue reading
The Great Recession other side of the coin: 170,000 small businesses gone in two years
The nation lost more than 170,000 small businesses during the first two years of the recession, according to an On Numbers analysis of newly released federal data. A total of 6.79 million small businesses operated within the nation’s 938 metropolitan and micropolitan areas in 2010, the latest year for which official statistics are available. That … Continue reading
4 Big Banks to Begin New Layoffs
Here are big banks that are or could be planning big layoffs. Bank of America (NYSE:BAC): On Wednesday, BofA announced its intention to cut costs by $3 billion annually in its investment-banking, commercial-banking and wealth-management units. These cuts will happen by 2015. Goldman Sachs (NYSE:GS): The mega bank also announced Wednesday its plans to cut … Continue reading
Illinois child welfare agency starts layoffs: 375 jobs plus 250 administrative positions
Hurt by deep budget cuts, Illinois’ child welfare agency began a round of layoffs Friday that will cut hundreds of jobs and “greatly reduce” its efforts to prevent neglect and abuse. The Department of Children and Family Services must find ways to absorb nearly $86 billion in budget cuts, a reduction of 6.8 percent. Spokesman … Continue reading
Maruti Suzuki – Manesar factory – No idea when riot-hit factory will reopen
Maruti Suzuki(MRTI.NS) has no idea when the Manesar factory hit by a deadly riot this week will reopen, the carmaker’s chairman acknowledged on Saturday, saying it was impossible to import extra vehicles or shift lost production to another plant. India’s biggest car company stopped production at a factory in Manesar on Wednesday after a manager … Continue reading
An additional 200 Layoffs in Nassau County
An additional 200 Nassau County workers will be losing their jobs following an announcement by Nassau County Executive Ed Mangano Monday morning. Reacting to a report from County Comptroller George Maragos which stated that the county ended fiscal 2011 with a $45 million projected deficit, Mangano announced that as part of his latest plan to … Continue reading
UK – IBM confirms dozens of layoffs
IBM is to lay off dozens of workers in the UK, the company has confirmed. The confirmation followed a story in The Register, which suggested that up to 100 employees in IBM’s Strategic Outsourcing Delivery unit could be made redundant. “Change is constant in our industry and transformation is a permanent feature of our business … Continue reading
Russia – Unemployment Varies Widely Nationwide
The unemployment rate across Russia differs greatly, by four times among the districts and up to 49 times among individual regions, the State Statistics Agency said in a report on June employment, Interfax reported Friday. The lowest unemployment rate was registered in the Central Federal District at 3.2 percent in June. The highest was posted for the North Caucasus Federal District at 13.2 percent. The unemployment rate in the Northwest Federal District … Continue reading
China – Job Gap – Workers leaving cities and going back to their home towns
Migrant workers who look for jobs in cities in China are now leaving the cities and going back to their home towns as jobs losses mount amid economic slowdown. This wave of migrant workers leaving cities emerges for the first time since the financial crisis 2008/09. A lot of migrant workers who were originally living … Continue reading
Cisco – 1,300 jobs cut
Network equipment maker Cisco Systems said on Monday that it plans to cut about 1,300 jobs as part of ongoing efforts to restructure the company. “We are performing a focused set of limited restructurings that will collectively impact approximately 2 percent of our global employee population,” the company said in an emailed statement. These actions … Continue reading
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