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Monetary Policy in US, September 17, 2014 – There is sufficient underlying strength in the broader economy to support ongoing improvement in labor market conditions
The Committee currently judges that there is sufficient underlying strength in the broader economy to support ongoing improvement in labor market conditions. In light of the cumulative progress toward maximum employment and the improvement in the outlook for labor market conditions since the inception of the current asset purchase program, the Committee decided to make … Continue reading
Skilled Trades in Michigan – Students aren’t buying
Nearly everywhere he goes, Michigan Gov. Rick Snyder talks about well-paying, but unfilled, welding,carpentry, machining and other skilled-trades jobs, as well as technical occupations in health care. Snyder has said Michigan and the country “messed up” by telling young people that the only path to a well-paying career is getting a four-year degree at a … Continue reading
Europe – Major companies pledge 100K for new youth jobs
Some 200 companies on Thursday pledged to create new work and training opportunities for Europe’s young jobseekers, of which one out of four is unemployed. The alliance of major companies set a goal of creating tens of thousands in additional jobs — or apprenticeships and internships that lead to jobs — over the next several … Continue reading
Sony – 1,000 job cuts
The company plans to cut staff in its mobile communications business by about 15 percent, or roughly 1,000 people, Hirai said. Details of that plan are to be announced later. via Sony forecasts Y230 bil loss, 1,000 job cuts ‹ Japan Today: Japan News and Discussion.
Toshiba – To cut 900 jobs (PC)
Japan’s Toshiba Corp said it would cut 900 jobs in a restructuring of its PC business that will include an exit from business-to-consumer operations in some regions. via Toshiba says to cut 900 jobs in PC restructuring | Business | Reuters.
Skills Gap in US – Sixty-one percent say ‘Yes, it exists’ but ‘not me’!
Sixty-one percent of Americans believe that today’s workforce is plagued by a skills gap, but do not see themselves as part of the problem, according to new data released today. The Udemy Skills Gap Index, an independent survey commissioned by Udemy, the leading global marketplace for learning and teaching online, and conducted by ResearchNow, surveyed … Continue reading
Recruiting with Social Media – Eight out of 10 HR teams
Eight out of every 10 HR functions use social media as at least one part of their recruitment strategy, according to research by online recruitment specialists Konetic. The survey of HR professionals suggests that despite so many using social media, 78% still see its use as a “major challenge” in their recruitment process. Figures released … Continue reading
Wealthy Chinese – Almost half of want to leave
Nearly half of wealthy Chinese are planning to move to another country within the next five years, according to a new Barclays survey. The survey, which questioned more than 2,000 high net-worth individuals with more than $1.5 million in total net worth, found that 47% of Chinese respondents said they want to move, compared with … Continue reading
Ageism in Finance in UK – One in four professionals experiences it
One-quarter of finance professionals have either experienced or witnessed agediscrimination at work, according to research by eFinancialCareers. The eFinancialCareers Diversity Survey is based on a poll of 1,500 workers from the finance sector. It suggests exactly one-third of employees between 41 and 50-years-old have been discouraged from applying for a role on the grounds of … Continue reading
Australia – Unemployment continues to rise for people with postgraduate degrees
Unemployment continues to rise for people with postgraduate degrees, especially architects, scientists, accountants and teachers. Figures from Graduate Careers Australia show the 2013 unemployment rate for those seeking full-time work four months after graduation was 15.5 per cent for those with postgraduate diplomas and certificates, and 17.9 per cent for those who had completed a masters degree … Continue reading
UK May to July 2014 Job Report – Employment continued to rise
Key Points for May to July 2014 Comparing the estimates for May to July 2014 with those for February to April 2014, employment continued to rise and unemployment continued to fall. These changes continue the general direction of movement since late 2011/early 2012. There were 30.61 million people in work. This was 74,000 more than … Continue reading
Poverty declines in the US in 2013 – The Census Report and what the White House has to say
The U.S. Census Bureau announced today that in 2013, the poverty rate declined from the previous year for the first time since 2006, while there was no statistically significant change in either the number of people living in poverty or real median household income. In addition, the poverty rate for children under 18 declined from … Continue reading
Canada – For every job vacancy, there were 5.8 unemployed people in June
Canadian businesses reported 235,000 job vacancies in June, up 15,000 compared with 12 months earlier. For every job vacancy, there were 5.8 unemployed people, down slightly from 6.2 in June 2013, the result of more job vacancies. Unemployment-to-job vacancies ratio declined in Ontario and British Columbia In Ontario, there were 7.1 unemployed people for every job vacancy, down from 8.4 in June 2013, as there were more job vacancies in the … Continue reading
UPS – To Hire up to 95,000 seasonal workers
UPS plans to hire up to 95,000 seasonal workers to help with package deliveries during the busy holiday season. The Atlanta company said Tuesday that the positions will include package sorters, loaders, delivery helpers and drivers. The company did not immediately say how the hiring compares with previous years. Last year, a last-minute surge in … Continue reading
Workfare in US – Rules suspended during recession are coming back
In the coming months, food stamp work requirements suspended during the Great Recession will be reinstated in at least 17 states, jeopardizing benefits for hundreds of thousands of Americans.In those states, work requirements will be back in place for able-bodied adults who are 18 to 50 years old and have no children. It’s possible the … Continue reading
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