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Minimum wages in the EU

Epthinktank Written by Verena Kern Several EU Member States have recently implemented adaptions to their wage policies. The most debated change was the introduction of a national minimum wage of 8.50 € per hour in Germany from 1 January 2015. Minimum wages are common globally with different systems in place. About 100 countries worldwide, including … Continue reading

Volkswagen in Russia – To cut working hours and jobs

Volkswagen (VOWG_p.DE) will reduce shifts and lay off at least 150 workers at its Russian car plant, the German car producer said on Monday, to try to cut costs in a market downturn. via Volkswagen to cut working hours, jobs at Russian plant | Reuters.

US – The unemployment rate for veterans declined to 5.3 percent in 2014

The unemployment rate for veterans who served on active duty in the U.S. Armed Forces at any time since September 2001–a group referred to as Gulf War-era II veterans–declined by 1.8 percentage points over the year to 7.2 percent in 2014, the U.S. Bureau of Labor Statistics reported today. The jobless rate for all veterans, … Continue reading

Sharp – To cut 6,000 jobs

Japan’s loss-making Sharp Corp (6753.T) intends to cut 12 percent of its workforce in a global restructuring expected to cost more than $1.7 billion, a person familiar with the plan said on Thursday.  The job cuts will total around 6,000, half of which would come in Japan through early retirement while the rest would be … Continue reading

Yahoo in China – To cut “around 350” jobs while closing

Internet giant Yahoo is closing its China office as part of a worldwide consolidation aimed at cutting costs.  The Beijing research centre is Yahoo’s only remaining physical presence in the country after it sold its Chinese operations to Alibaba in 2005. A spokesperson said “around 350 jobs” would be eliminated. “We are constantly making changes … Continue reading

Microsoft’s Training Centre in BC – Mostly foreigners

A majority of workers at a new Microsoft Canada training centre in Vancouver would be drawn from the ranks of foreigners, according to draft plans obtained under British Columbia’s freedom of information laws. Both the federal and provincial governments have praised the Microsoft Canada Excellence Centre as a project that will boost the B.C. economy and create … Continue reading

The Labor Force Projections in US – A Map

From 2010 to 2030, patterns of labor force participation will change across regions of the United States. In some regions, the primary demographic effect will be changes in age structure, which will drive declines in labor force participation rates. In other regions, in-migration and changes in the racial and ethnic composition of the adult population … Continue reading

Employment up by 0.1% in Euro Area and by 0.2% in EU28 in fourth quarter of 2014

The number of persons employed1 increased by 0.1% in the euro area (EA18) and by 0.2% in the EU28 in the fourth quarter of 2014 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2014, employment increased by 0.2% … Continue reading

 Job vacancies in Canada in December 2014 – 5.0 unemployed people for every job vacancy down from 6.2 a year before

Canadian businesses reported 233,000 job vacancies in December, up 30,000 compared with 12 months earlier. For every job vacancy, there were 5.0 unemployed people, down from 6.2 in December 2013. This decline in the ratio was the result of both fewer unemployed people and more job vacancies. Unemployment-to-job vacancies ratio declines in four provinces In Nova Scotia, there were 6.6 unemployed people for every job vacancy, down from 10.6 in … Continue reading

Retirement in US – Nearly 40 million working-age households (45 percent) do not own any retirement account assets reports finds

A new research report calculates that the U.S. retirement savings crisis continues to worsen, and that the typical working household still has virtually no retirement savings. When all households are included— not just households with retirement accounts—the median retirement account balance is $2,500. The median retirement account balance was $3,000 for all working-age households as … Continue reading

US Academic Job Market in Humanities – The number of positions advertised at least 30% lower

In an effort to place the job advertisements in the broader context of the humanities field, staff members at the Humanities Indicators gathered up the numbers reported by the larger societies back to 2001. The following chart summarizes data reported by the largest disciplinary societies in the humanities and highlights a pattern of decline among … Continue reading

Immigration in Germany -Record 8.2 million or a 10th of population

Foreigners now represent about a 10th of Germany‘s population as their numbers hit a record in Europe‘s biggest economy, the government said Monday. Nearly 8.2 million people with foreign nationalities were registered with authorities at the end of 2014, the Federal Statistical Office reported. That number was the highest recorded since the registry‘s introduction in … Continue reading

Unemployment Insurance in US – The proportion of jobless workers receiving benefits fell to a record low of 23.1 percent in December 2014

The Great Recession and its aftermath created severe challenges for unemployment insurance (UI) programs in the United States and for jobless workers relying upon them. In this briefing paper, we show that state UI programs are failing their critical goals of income replacement and supporting economic growth. The proportion of jobless workers receiving benefits from … Continue reading

Canada, February 2015 – The unemployment rate rose by 0.2 percentage points to 6.8%

Employment was unchanged in February, while the unemployment rate rose by 0.2 percentage points to 6.8% as more people searched for work. In the 12 months to February, employment increased by 130,000 (+0.7%) with most of the growth in the second half of the period. Compared with February 2014, full-time employment rose by 121,000 (+0.8%), while there was little change in part-time work. Over the … Continue reading

Unemployed have higher levels of inflammatory markers research finds

Researchers have found the direct biological stress associated with unemployment may explain the increased mortality and morbidity among job-seekers. University of College London investigators correlated inflammatory markers found in blood, which are influenced by stress, to heart disease. The markers are clinically important because mildly raised levels predict atherosclerosis (narrowing of the arteries due to … Continue reading

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