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Private sector job recovery stronger than that of early 2000 and at par with that of early 90s
The U.S. economy is working its way back from the Great Recession. One indication has been that unemployment insurance claims have steadily fallen since September and they are now at the same level as in March of 2008. Additionally, layoffs are at the same level as in 2006. We also recently learned that the ratio … Continue reading
US – Unemployment Claims : The good news didn’t last
In the week ending July 14, the advance figure for seasonally adjusted initial claims was 386,000, an increase of 34,000 from the previous week’s revised figure of 352,000. The 4-week moving average was 375,500, a decrease of 1,500 from the previous week’s revised average of 377,000. (SEASONALLY ADJUSTED DATA) The advance seasonally adjusted insured … Continue reading
Interview Questions – 3 Must and Why
Interviewing job candidates is tough, especially because some candidates are a lot better at interviewing than they are at working. To get the core info you need about the candidates you interview, here’s a simple but incredibly effective interview technique I learned from John Younger, the CEO of Accolo, a cloud recruiting solutions provider. (If … Continue reading
How do 37,000 Layoffs look like in the Wind Industry
This graphic, put together by the wind industry, illustrates how an expiration of the production tax credit may impact employment in the U.S. Notice the spike in activity before the drop-off. That’s due to the rush of development we’re seeing currently in the lead up to the lapse of the credit… via This Is … Continue reading
Find Higgs particle and face layoffs
An Italian institute heavily involved in the discovery of the Higgs particle is facing layoffs as the state slashes public spending on science to balance the budget. Italy’s National Institute for Nuclear Physics (INFN) was informed of the budget cuts two days after the Higgs particle was spotted. The discovery is considered one of the … Continue reading
Karstadt – 2,000 job cuts
Karstadt, the German department store chain owned by Nicolas Berggruen, the billionaire investor, plans to cut 2,000 jobs by the end of 2014. Karstadt plans to cut jobs and streamline old structures and processes in light of the “the challenging market conditions brought about by the euro zone crisis”, the company said on Monday evening. … Continue reading
US – Unemployment Claims : A very welcomed four-year low
(Excerpts from the Press Release) In the week ending July 7, the advance figure for seasonally adjusted initial claims was 350,000, a decrease of 26,000 from the previous week’s revised figure of 376,000. The 4-week moving average was 376,500, a decrease of 9,750 from the previous week’s revised average of 386,250. The advance seasonally adjusted insured unemployment rate was … Continue reading
Big Business – Primary driver of job creation ?
Cue the world’s smallest violin (again, I guess) for the country’s “job creators.” So BR emails me the other day that links here with the message “Have a field day with this crap” (not unlike many emails I get). So, off to the link I go to read the story. What I assume incensed the … Continue reading
GM beginning to reverse IT services outsourcing
GM now outsources about 90 percent of its IT services and provides 10 percent of that work in-house. Within the next three to five years, GM hopes to reverse those percentages in part by hiring “thousands” of new software developers, database experts and others globally, GM spokeswoman Juli Huston-Rough said. The IT overhaul is spearheaded … Continue reading
Skills Gap – There won’t be enough A & P (airframe and propulsion) licensed mechanics for an Airbus Assembly plant when in Mobile
That’s the word from companies that specialize in recruiting and hiring skilled workers for several industries, including the marine and airbus 380 in Vancouver (Photo credit: Cyprien) aviation industries. Bud Collins owns Eagle Marine Services in Irvington. He’s been placing skilled workers in marine jobs for 17 years, including ship building sites like Newport News, … Continue reading
India – Infosys sticks to its target of hiring: 35,000 jobs
Software services major Infosys on Thursday said it will stick to its target of hiring 35,000 people this fiscal but is not looking at wage hikes for now. The hiring plan, which includes 13,000 jobs for its BPO operations, will be adhered to despite an uncertain global economic growth environment and the wage-hike freeze. “We … Continue reading
Hiring Trends – Only 6% prefer a one-page executive résumé but page length not an issue
Career Directors International (CDI) had become weary of rumors and folklore when it came to hiring trends. This was especially true as it related to the many ways that résumés ‘could be’ and ‘should be’ written. For example, something said to one job seeker by a recruiter, suddenly becomes a fact quoted by all! These ‘facts’ take on a life of their own … Continue reading
Engineer – A ‘job for life’ is no longer relevant for today
Employers need to offer more than long-term job security if they are to attract today’s pleasure-seeking skilled workers. Bosses are being warned that the concept of ‘a job for life’ is no longer relevant to the modern workforce and businesses wanting to attract the best talent should invest in creating a fun and socially-active workplace. … Continue reading
Lockheed Martin – 740 jobs cut
Defense contractor Lockheed Martin Corp, builder of the iconic, but as yet ‘unproved’, F-35 stealth fighter, said that it has slashed its workforce by 740 as part of efforts to save costs amid challenging budget environment. The company, in a statement yesterday, said job cuts will take place in its Mission Systems & Sensors (MS2) … Continue reading
Bank of America – A New Round of Layoffs
Bank of America Corp (BAC: 7.64, +0.16, +2.12%) has been cutting jobs in its commercial banking unit in recent weeks even as it tries to boost the group’s business, people familiar with the situation said, reflecting the bank’s broader struggles to grow in a tepid economy. The job cuts are the latest round in the … Continue reading
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