Job Market Monitor
Business
US – Female self-employment shows positive shift in opportunities finds BLS
New trends in female self-employment suggest a positive shift in opportunities for women, especially for those who differ from the “typical” self-employed women of the past. For instance, the percentage of female minorities in self-employment doubled from 1993 to 2012, and more divorced women and women without young children have become self-employed. Earnings trends have … Continue reading
EU – An ambitious climate and energy package to create jobs and support businesses is needed says unions and corporate leaders
Leader of European Trade Union Confederation joins major brands, including Philips and Shell, calling for ambitious climate and energy package to create jobs and support businesses. Nearly a million potential jobs will be lost if EU leaders fail to agree strong climate and energy targets at a summit starting on Thursday, according to the head … Continue reading
Swedbank – To reduce staff by 600-800 employees
Swedbank, the first large Nordic bank to report third-quarter earnings, aims to cut costs to 16 billion Swedish crowns (2.23 billion US dollar) by 2016 from a projected 17.6 billion in 2014. That includes reducing staff by 600-800 employees in Sweden, around 5 percent of total staff. “The door for new recruits will essentially be … Continue reading
Job Report in US – Total nonfarm payroll employment increased by 248,000 in September and unemployment down at 5.9 percent
Total nonfarm payroll employment increased by 248,000 in September, and the unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care. Household Survey Data In September, the unemployment rate declined by 0.2 percentage point to 5.9 percent. The number … Continue reading
Saab – Restart will ‘take time’
For a fleeting moment a few weeks ago, the news from Saab-owner National Electric Vehicle Swedenappeared almost positive. The company had its reorganization plan approved (a day after it was denied), and the automaker was actually showing a real, running vehicle, albeit one with a top speed of 75 miles per hour. But those tiny … Continue reading
Annual estimates of employees in UK – London has shown the largest increase of all regions
This statistical bulletin focuses on the strengths of [Business Register and Employment Survey (BRES) 2013], giving employee estimates by region level and below and by broad industry group and below. There is also a section that focuses on London and a section that looks at public/private estimates of employees. 70% of all local authority districts … Continue reading
Big changes are coming to the workplace Oxford Economics finds
Preparing for the 2020 workforce is critical to business strategy, growth, and performance. To understand the challenges and opportunities, Oxford Economics and SAP surveyed over 2,700 executives and more than 2,700 employees in 27 countries during the second quarter of 2014. Based on survey responses, this report shows that many companies lack the structure, strategy, … Continue reading
US – It is taking longer and longer to fill a job
With the size of the labor force shrinking, it’s no wonder that it is taking longer and longer to fill a job. Now Wanted Technologies, which analyzes online job postings from corporate sites, job boards, and elsewhere, found that for the most in-demand jobs, as determined by the number of ads posted online, job posting time … Continue reading
US – Job Openings Outpace Hires writes Dallas Fed
In addition to employment and unemployment figures, data on the efficiency of the labor market offer more clues to its health. One way to determine this is to examine the degree of labor mismatch occurring. The classic illustration demonstrating mismatch is the Beveridge curve, which shows an intuitive relationship between the rate of job vacancies … Continue reading
Microsoft – 2100 jobs cut today
Microsoft has confirmed today that 2100 employees were cut today as part of the previously announced layoffs. Of those cut, 747 were in the state of Washington with the rest occurring in offices around the world. Back in July, Microsoft said that it would cut 18,000 employees, which will cost them between $1.1bn and $1.6bn when … 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.
The world’s 300 largest pension funds – Total assets grew by over 6% in 2013
Total assets of the world’s largest 300 pension funds grew by over 6% in 2013 (compared to around 10% in 2012) to reach a new high of almost US$15 trillion (up from US$14 trillion in 2012). The P&I / Towers Watson global 300 research is conducted in conjunction with Pensions & Investments, a leading US … Continue reading
Greece – Alpha Bank to cut 15 percent of jobs
Alpha Bank, Greece’s fourth biggest lender, opened a voluntary redundancy offer on Monday with a view to cutting 15 percent of its workforce to cut costs under a restructuring plan approved by the EU Commission, an official at the bank said on Monday. All four of Greece’s top banks have been restructuring but Alpha’s bigger … Continue reading
Employees – Less than half believe employers are open and upfront
More than half of us don’t believe our employers are open and upfront with us. This disturbing news comes to us from the American Psychological Association’s 2014 Work and Well-Being Survey, which finds nearly 1 in 4 workers don’t trust their employers, 1 in 3 reported their employers aren’t always honest or truthful, and less … Continue reading
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