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Jobless Claims in US – Jump to 313,000, the highest level since the first week of September
The number of people seeking U.S. unemployment benefits jumped last week, pushing total applications above 300,000 for the first time in nearly three months. Weekly applications rose 21,000 to a seasonally adjusted 313,000, the Labor Department said Wednesday. That’s the highest level since the first week of September. The four-week average, a less volatile measure, … Continue reading
Hewlett-Packard (HP) – More layoffs to come
HP has laid off 41,000 people (with about 9,000 people left to go) under its current downsizing plan for 2014. On Tuesday, the company hinted that more layoffs could be coming with its plans to separate itself into two huge companies. During its quarterly conference call, Wall Street analysts asked for details about HP’s plans … Continue reading
Skills Mismatch in Europe – Between 25 and 45 per cent of workers in Europe are either over – or under-qualified says ILO
Between 25 and 45 per cent of workers in Europe are either over – or under-qualified for their job, leading to a substantial mismatch between supply and demand in the labour market, a new ILO study says. Covering 24 European countries, the study shows that mismatches between workers’ competences and what is required by their … Continue reading
EI in Canada, September 2014 – 494,400 Benefits recipients, little changed from the previous month
The number of people receiving regular Employment Insurance (EI) benefits in September was 494,400, little changed from the previous month. Compared with September 2013, the number of beneficiaries decreased by 18,000 or 3.5%. Ontario was the only province with a notable decline in September, while there were more people receiving regular benefits in British Columbia, Saskatchewan, Quebec and Manitoba. There … Continue reading
Child Labour in Turkey – 42 child workers killed in first nine months of 2014
As another Universal Children’s Day passed on Nov. 20, the number of children dying at work 42 Turkish child workers killed in first nine months of 2014has continued to rise in Turkey. The number of child workers who died in work accidents during the first nine months of this year stands at 42, according to … Continue reading
Shared Parental Leaves in UK – 63% said they were either interested or very interested
Employee interest in shared parental leave (SPL) will be much higher than originally forecast by the government, according to research by law firm Linklaters. Linklaters surveyed 250 recent parents and parents-to-be working in FTSE 100 companies about SPL, which comes into force on 1 December 2014. Almost two-thirds (63%) said they were either interested or … Continue reading
Jobless Claims in US – 10th Straight week below 300,000
The number of people who applied for new unemployment benefits totaled fewer than 300,000 for the 10th straight week, reflecting the low level of layoffs in the U.S. as the economy continues to strengthen. Initial jobless claims fell by 2,000 to a seasonally adjusted 291,000 in the week ended Nov. 15, the Labor Department said … Continue reading
Having more job authority increases depression among women, but decreases it among men finds study
Having more job authority increases depression among women, but decreases it among men, new research shows. Do we need to add “depression gap” to the lexicon of problems women face in the workplace? It seems so, according to a new study. The research, published in the December issue of the Journal of Health and Social … Continue reading
Low Wages in US – About 20.6 million people (30% ) are near-minimum-wage workers
About 20.6 million people — 30% of all hourly, non-self-employed workers 18 and older — are what we call “near-minimum-wage workers,” meaning they earn more than the current minimum wage (either the federal $7.25-an-hour minimum or a higher state minimum) but less than the $10.10 hourly rate that emerged over the past year as a … Continue reading
Ebola in Liberia – Half of workforce not working due to the virus finds the World Bank
Working with Liberian authorities and the Gallup Organization, the World Bank surveyed more than 4,000 households using mobile phones. They found that nearly half the working population, especially agricultural workers in rural areas, is no longer working. Chosen excerpts by Job Market Monitor. Read the whole story at Half Of Liberian Workforce Not Working Due To … Continue reading
Peugeot in France – To cut 3,450 jobs in 2015
PSA Peugeot Citroen (PEUP.PA) is preparing to cut another 3,450 French jobs next year as the troubled carmaker pursues a recovery plan under new Chief Executive Carlos Tavares, two sources with knowledge of the matter said. The cuts, to be achieved through a combination of early retirements, voluntary buyouts and internal transfers, will be presented … Continue reading
India – 46 percent are fully engaged finds survey
According to the Dale Carnegie India Employee Engagement Report 2014 released today, Indian employees are significantly more engaged than their global counterparts with 46 percent employees fully engaged compared to the global average of 34 percent. Large companies in India with more than 100,000 employees tend to have the lowest amount of disgruntled employees at … Continue reading
Career Advice in UK – Children should choose academic or vocational path at 14 Ofsted chief says
Pupils should be ‘streamed’ into either academic or vocational ‘clusters’ at the age of 14 to help them get jobs when they leave school, according to the head of Ofsted, Sir Michael Wilshaw said teenagers should transfer between schools before sitting their GCSEs depending on their aptitude for an academic or vocational education. He said … Continue reading
UK – More than two thirds of employers have now automatically enrolled workers into a pension scheme finds CIPD
More than two thirds of employers have now automatically enrolled workers into a pension scheme, with many contributing substantially more than is legally required, CIPD figures have revealed The average employer contribution is 5.6 per cent of salary, with employees typically contributing 4.7 per cent, the CIPD’s latest Labour Market Outlook report found. The legal … Continue reading
Economists may be too optimistic about the recovery path of output following recessions says FRB analysis
The economic collapse in the wake of the global financial crises (GFC) and the weaker-than-expected recovery in many countries have led to questions about the impact of severe downturns on economic potential. Indeed, for several major economies, the level of output is nowhere near returning to pre-crisis trend (figure 1). Such developments have resulted in … Continue reading
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