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Germany – Unemployment rate at 6.7 percent in August for the eighth consecutive month
Germany’s unemployment rate fell to 6.3 percent in October as the labor market in Europe’s biggest economy continued to gain steam. The Federal Statistical Office said Thursday 2.733 million people were jobless in October, 75,000 fewer than in September, when the unemployment rate was 6.5 percent. Adjusted for seasonal trends, the jobless rate stood at … Continue reading
UK – 15.9% of households where no adults work
The percentage of households where no adults work was 15.9%, down 1.4 percentage points from a year earlier and the largest fall since comparable records began. The percentage of households where all adults work was 55.3%, up 1.5 percentage points from a year earlier. Of the regions in England and countries of the UK, the … Continue reading
US – 11 Workers die at work every day
According to the U.S. Department of Labor, in recent years, an average of 11 Americans die on the job every single day and another roughly 50,000 die annually because of illnesses they contracted on the job — meaning that working kills roughly 54,000 Americans every year (and injures millions more). “These numbers are unacceptable to … Continue reading
Job Search – 90% of job seekers utilize mobile devices to conduct key functions
Mobile technology is rapidly changing how job seekers look for new positions, according to a survey by global talent mobility consulting firm Lee Hecht Harrison. The results revealed that 90% of job seekers utilize mobile devices to conduct key functions when looking for their next career opportunity. Only one in 10 workers isn’t using mobile … Continue reading
Microsoft – Cuts another 3,000 jobs, reaching almost 18,000 cuts overall
Microsoft this morning cut an additional 3,000 jobs from its workforce around the world, saying it has now completed almost all of the 18,000 job cuts that were announced by CEO Satya Nadella in July. About 638 of the job cuts are in the Seattle region. That brings the regional total to more than 2,700 positions … Continue reading
Skills for Chicagoland’s Future – Tackling the problem of the long-term unemployed from a different angle
Marie Trzupek Lynch is tackling the problem of the long-term unemployed from a different angle as founding president and CEO of public-private partnership Skills for Chicagoland’s Future, an initiative backed by U.S. Commerce Secretary Penny Pritzker. Lynch has been working to prove the model since 2012 when she pivoted from predecessor Chicago Career Tech. That … Continue reading
Monetary Policy in US – The FED ends quantitative easing
With the U.S. economy showing signs of life, the Federal Reserve moved Wednesday to end billions of dollars in monthly bond purchases aimed at boosting growth. The central bank had initiated the policy, known as “quantitative easing,” in 2008 to keep interest rates low and boost economic activity following the financial crisis. Six years later, … Continue reading
STEM in US – The barriers to entry are also lower than most think.
With the expansion of advanced technologies and processes into more and more fields, the science, technology, engineering and math (STEM) economy is much bigger than many imagine and the barriers to entry are also lower than most think. Occupations like pipefitting and welding require only a high school diploma plus technical training to start. In … Continue reading
UK – One in three employees report that their career progression to date has failed to meet their expectations finds CIPD
One in three employees (33%) report that their career progression to date has failed to meet their expectations, according to the latest CIPD/Halogen Employee Outlook survey. The survey of over 2,500 employees published by the CIPD, the professional body for HR and people development, in partnership with Halogen Software, also found that more than a … Continue reading
US – Almost all of the private sector jobs have been created by businesses less than five years ol
Amid the political maneuvering, there is, happily, some serious work being done by the Kauffman Foundation and the Institute for Competitiveness & Prosperity to figure out where new jobs actually do come from. The surprising truth is that over the last twenty five years, almost all of the private sector jobs have been created by … Continue reading
Skills Gap in UK – Young people lack appropriate work behaviour and time management skills says report
The report ‘Improving Employability in the UK’, found that young people lack appropriate work behaviour and time management skills. 57% of SMEs had concerns they would use their mobile phones at work and 46% worried they wouldn’t be punctual. Apprentice star Karren Brady, who chairs the LifeSkills Advisory Council, launched the report, which calls on … Continue reading
Careers Guidance in STEM in UK – More than half of 14 to 16-year-olds interested knew very little about these jobs
While enthusiasm for science, technology, engineering and maths, remains high among school pupils, lack of careers guidance means few young people continue into industry. Britain is facing a skills “crisis” as not enough is being done to encourage young people into STEM related careers, despite there being enthusiasm for the subjects, according to new research. … Continue reading
Lloyds Bank – Profits up by 41% and 9,000 layoffs
The Lloyds Bank results are out this morning: Profits in the third quarter are up an impressive 41%, but Britain’s second-biggest bank is laying off 9,000 employees and closing 150 branches. via Analysts On 9,000 Layoffs By Lloyds Bank – Business Insider.
Air France-KLM – To cut 7,500 jobs
The Dutch arm of Air France-KLM (AIRF.PA) plans to cut its workforce by 7,500 jobs, or 25 percent, largely through outsourcing, a Dutch daily newspaper reported on Tuesday. The measure is expected to be announced at the release of quarterly earnings by the French-Dutch carrier on Wednesday, the Algemeen Dagblad said, citing the head of … Continue reading
Australia – The most dangerous jobs
Using data from 2012 Australia’s top 10 most dangerous jobs were identified by a life insurance comparisons website and some of the professions with the highest risk aren’t what you might expect. Chosen excerpts by Job Market Monitor. Read the whole story at The Most Dangerous Jobs In Australia – Business Insider.
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