Job Market Monitor
Business
US / Five states without a state-set minimum wage, Louisiana is one of them
A recent national report shows that Louisiana is one of only five states without a state-set minimum wage, but state officials say it doesn’t really matter. The National Conference of State Legislators report shows that Louisiana, Alabama, Mississippi, South Carolina and Tennessee have no set minimums that must be paid to workers in private or … Continue reading
Alpha Natural Resources / 1 200 layoffs as 8 mines to closed
Alpha Natural Resources announced plans this week to cut more than 1,200 jobs and idle eight coal mines as part of a company-wide move that will cut coal production by 16 million tons. The company made the announcement Friday that will cut a total or 10 percent of its workforce. There will also be an … Continue reading
Infosys / Doesn’t deny layoffs but …
Indian software major, Infosys Limited, clarified on Friday over a report suggesting that it might lay off up to 5,000 of its underperforming employees. It says that it is not 5,000, but “the number that may be affected is significantly lower.” Just a week ahead of its third quarter results for 2013 (Q3 FY13), the … Continue reading
US / Defined contribution retirement plans cost more than defined benefit
Private industry employers now spend more per employee hour worked for defined contribution retirement plans (retirement plans that specify the level of employer contributions and place those contributions into individual employee accounts) than for defined benefit retirement plans (plans that provide employees with guaranteed retirement benefits that are based on a benefit formula). March 2012 … Continue reading
Update – US / An increase of only 28,000 persons saying they have a job: proportion at work declined
The last Employment Report for 2012 is fresh out. Comments will focus on the fact that Nonfarm payroll employment rose by 155,000 and the unemployment rate was unchanged at 7.8 percent. All that is true but… there is a big bad news. An important indicator coming from the household survey is the Employment-population ratio which , in short, … Continue reading
US / Proportion of Population With Job Improves in December finds Gallup
The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, was 44.4% for the month of December, a slight improvement over 43.7% in November. The current P2P rate still does not match the levels of employment seen in July through October, which exceeded 45% and were the highest since Gallup began tracking P2P … Continue reading
India / IT and Education Top the List of Job Creating Sectors
Amidst global financial crisis and sluggish economic growth that hampered the growth and employment opportunities in the country, there were few sunshine sectors that created huge job opportunities. Here is a list of such sunshine sectors in India that created new job opportunities in the year 2012, as reported by Anumeha Chaturvedi and Shreya Biswas on The … Continue reading
Detroit / Another 500 layoffs looming for Detroit employees in February
Some 2,000 pink slips have already gone out in the last few years. And now, another 500 cuts are scheduled for February. It’s already worrying union leaders like Leamon Wilson. The president of the AFSCME Local 312 told the Detroit News that more cuts could cripple the city’s bus service. “You can’t deliver the service…It … Continue reading
India / Factory Jobs up by 7.8%, wages by 18.1% in 2010-11: Survey – The Economic Times
The number of jobs in industries increased by 7.8 per cent while wages rose by 18.1 per cent in real terms in 2010-11, a government survey has said. Total persons engaged in different industries were 1.27 crore in 2010-11 compared to 1.17 crore in 2009-10, according to the Annual Industries Survey released by the Ministry … Continue reading
Lincoln Electric, Cleveland / Profit-Sharing and No Layoffs for 64 Years
Economics correspondent Paul Solman revisits Lincoln Electric, a welding manufacturing company based outside Cleveland, Ohio. Through its use of merit-based profit-sharing and a no-layoff policy, the firm is an unlikely Rust Belt success story that hasn’t laid off anyone for financial reasons since World War II. PAUL SOLMAN: A bright light in Rust Belt America: … Continue reading
The ‘Right to Work’ From The Right: A Race-To-The-Bottom Policies
Michigan Republicans are pushing low wages, claiming that “right-to-work” laws will “attract businesses.” Conservatives argue that strong unions cost jobs and anti-union “right-to-work” laws will bring jobs, because companies will move to places where workers are less able to fight for good pay and benefits… Right-to-work laws have not succeeded in boosting employment growth in … Continue reading
US / Unemployment Benefits / Lowest level since March 2008
SEASONALLY ADJUSTED DATA In the week ending December 22, the advance figure for seasonally adjusted initial claims was 350,000, a decrease of 12,000 from the previous week’s revised figure of 362,000. The 4-week moving average was 356,750, a decrease of 11,250 from the previous week’s revised average of 368,000. The advance seasonally adjusted insured unemployment … Continue reading
India / Job creation down by 21% in 2012
Job generation during 2012 saw a 21 per cent decline across various sectors of the economy between January and mid-December, according to an Assocham analysis. “A total of over 5.3 lakh jobs were generated during the aforesaid period across India i.e. over 2.8 lakh jobs in first half of the year and over 2.4 lakh … Continue reading
Bank Layoffs to Continue
Barclays (BCS) is expected to announce a plan to layoff approximately 10% of its 23,000 investment banking employees early in 2013. Although the bank has not given any official details, it is generally believed that the job cuts will happen mostly in Asia and Europe. Barclays is going through a massive overhaul following the departure … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 