Job Market Monitor
In the News
UK – 63,000 fewer people in work than for January to March 2015
There were 31.03 million people in work, 63,000 fewer than for January to March 2015 but 354,000 more than for a year earlier. There were 22.76 million people working full-time, 352,000 more than for a year earlier. There were 8.27 million people working part-time, little changed compared with a year earlier. The employment rate (the … Continue reading
Merck – Near 7,290 positions eliminated
Pharmaceutical giant Merck & Co. (MRK) has slashed more than 85 percent of the positions targeted for elimination under its 2013 restructuring plan, Gen News reported this morning. Merck has eliminated “approximately 7,290 positions” since the restructuring plan was announced, the company said in its 10-Qc filing. The positions include full-time employees, independent contractors and … Continue reading
HTC – To cut 2,300 jobs
Struggling HTC is cutting 15% of its work force in an attempt to cut costs and revive its ailing smartphone business. The Taiwanese company announced the layoffs on Thursday, after its second quarter earnings took a dive, for a $257 million loss. HTC declined to mention the exact number of layoffs. But as of … Continue reading
Lenovo – 3,200 jobs cut
China’s Lenovo Group, the world’s biggest personal computer maker will lay off about 3,200 workers after profits more than halved in the second quarter of 2015, the company announced on Thursday, becoming the first Chinese firm to slash jobs. The job cut, which will be conducted in the company’s non-manufacturing work force, accounts for about … Continue reading
Canada — Job vacancy was 2.6% in the first quarter of 2015
There were almost 400,000 job vacancies in Canada and the job vacancy rate was 2.6% in the first quarter—as indicated by a new survey conducted in early 2015. This is the first release of the Job Vacancy and Wage Survey (JVWS). This release draws on data from the job vacancy component of this survey, with information on job vacancies … Continue reading
Kraft Heinz – 2500 emplois supprimés au Canada et aux États-Unis, plusieurs à Montréal
Le groupe agroalimentaire Kraft Heinz va supprimer 2500 emplois, soit plus de 5% de ses effectifs, afin de réduire ses coûts, a indiqué mercredi à l’AFP un porte-parole. Plusieurs dizaines d’employés de l’usine de Ville Mont-Royal à Montréal ont perdu leur emploi ce matin. On ignore le nombre exact pour l’instant. Ces suppressions d’emplois vont … Continue reading
Italy – Youth unemployment reaches 38-year high
Italy’s unemployment rate moved up to 12.7 per cent in June from 12.5 per cent in May, delivering a blow to hopes that the nascent recovery in the eurozone’s third largest economy could bring some relief to its sclerotic labour market. Meanwhile, youth joblessness increased to 44.2 per cent, its highest level since 1977 and … Continue reading
Canada – Is the job recovery the best ? That depends on what you measure
History is clear: The Harper government’s record on job creation is the weakest of Canada’s past nine prime ministers. But is it the best job creation record we could have right now, given how so many nations are struggling with the enduring impact of the 2008 global economic crisis? When it comes to recovery, are … Continue reading
EU – To act on unemployment
Over seven years since the onset of the financial crisis, the unemployment situation in the Eurozone remains a big concern. As of June this year the unemployment rate across the euro area was 11.1%, compared with 5.3% in the United States: Even allowing for the fact that US unemployment has been considerably lower since 2000, the … Continue reading
US – 40% of survey respondents say they’re living paycheck-to-paycheck
While the U.S. economy continues to improve and consumer sentiment remains above a baseline level for optimism, many consumers are still searching for fiscal relief. In fact, 40% of respondents in a recent Nielsen survey say they’re living paycheck-to-paycheck. But in today’s world, what does it actually mean to live paycheck-to-paycheck? In its most basic … Continue reading
Canada July Jobs Report – Modest 6,600 jobs
Canada’s overall labour market didn’t change very much in July as the economy created 6,600 additional jobs, Statistics Canada reported today. That was roughly in line with the 5,000 new jobs that economists had been forecasting. The unemployment rate remained at 6.8 per cent for the sixth straight month. Manufacturing remains weak as another 4,600 factory jobs disappeared … Continue reading
US – Teens aren’t working summer jobs anymore
At 41.3 percent, the July labor force participation rate of teens was the lowest for the month in the post-World War II period. The teenage summer job has been going the way of telephone booths and the cassette tape for decades. The length of the downward trend has been masked by the fact that it’s hard … Continue reading
Australia July Jobs Report – Unemployment rate, jobs both record surprise jumps
Employment surged in the month of July even as the unemployment rate climbed from 6 to 6.3 per cent. The latest official figures from the Bureau of Statistics show a jump of employment of 38,500 in July after a jump of 7000 in June and 42,000 in May. The combined jump of 87,500 came as … Continue reading
US July Jobs Report – 2.9 million jobs over the past 12 months
The U.S. economy added 215,000 jobs in July, continuing a steady expansion. Friday’s report from the Labor Department showed few changes from the prior month on a range of measures, including the unemployment rate, at 5.3%, and the labor-force participation rate. The economy has added around 2.9 million jobs over the past 12 months. That’s … Continue reading
Centrica (owner of British Gas) – To cut 6,000 jobs
The owner of British Gas has announced 6,000 job cuts over the next five years following a far-reaching strategic review, despite making £1 billion in profits. The results of the six-month review come as Centrica recorded a 44 per cent rise in profits at British Gas to £565 million. Chosen excerpts by Job Market Monitor. Read … Continue reading
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