Job Market Monitor
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Survey | Older Workers are sticking with their jobs because they “want to”
According to the Older Workers & Money Survey released today by Charles Schwab & Co., Inc., more than three-quarters (76 percent) of middle-income Americans who are between the ages of 50 and 69 say they are sticking with their jobs because they “want to” vs. being “stuck” in them because they can’t leave. Moreover, one … Continue reading
Credit Suisse | To fire 126 employees in the New York area
Credit Suisse Group (CSGN.VX) plans, according to a notification the bank sent to New York State’s Department of Labor on Tuesday. The layoffs, which will extend through August 6, follow the elimination of jobs of 109 people in New York earlier this year. The filing did not disclose the level of seniority nor the business … Continue reading
Pfizer | Layoffs at Manitoba PMU plant
Drugmaker Pfizer’s restructuring of its estrogen extraction plant at Brandon, Man. calls for about 40 per cent fewer employees by the end of next year. The company processes conjugated estrogen from pregnant mares’ urine (PMU) at Brandon to make the hormone replacement therapy Premarin, used to treat menopausal symptoms in women. Pfizer said Tuesday it … Continue reading
Hostess sent potential layoff notices to its 18,000 employees nationwide
Hostess had warned earlier this month that certain conditions — such as an “unsatisfactory resolution to its pending motion before the bankruptcy court regarding certain modifications to its collective bargaining agreements” — could force it to liquidate. “The notices were sent to alert employees that a sale or wind-down of the company is possible in … Continue reading
UK | Surprise Job Market Positive Results
(ONS Press Release) – For January to March 2012: • The employment rate for those aged from 16 to 64 was 70.5 per cent, up 0.2 on the quarter. There were 29.23 million people in employment aged 16 and over, up 105,000 on the quarter. The quarterly increase in employment was entirely due to more part-time workers. • … Continue reading
Hawker Beechcraft announces another 150 layoffs at Wichita
Hawker Beechcraft has announced layoffs for the second time in three weeks, this time affecting 150 employees at its Wichita aircraft plant. The latest cuts will reduce the aircraft maker’s total employment in Wichita to 4,200 people. Hawker Beechcraft announced on April 23 that it was giving 60-day layoff notices to about 350 employees – … Continue reading
Unemployment Insurance Weekly Claims Report : An insignificant drop but might indicate a return to a declining trend
SEASONALLY ADJUSTED DATA In the week ending May 5, the advance figure for seasonally adjusted initial claims was 367,000, a decrease of 1,000 from the previous week’s revised figure of 368,000. The 4-week moving average was 379,000, a decrease of 5,250 from the previous week’s revised average of 384,250. The advance seasonally adjusted insured unemployment … Continue reading
India | SKS to cut 1,200 jobs
SKS Microfinance Ltd(SKSM.NS), the only listed microfinance company in India, said on Thursday it planned to reduce its headcount by a third and shut some branches in Andhra Pradesh state amid mounting losses. SKS’ business in Andhra Pradesh, which was a microfinance hub earlier, has been hit after the state government imposed a set of … Continue reading
Wind Industry | 8,600 jobs in UK
8,600 jobs were provided by the onshore wind industry in 2011, with £548 million added to the UK economy, according to a joint study published today by RenewableUK and the Department for Energy and Climate Change (DECC). The report takes 18 case studies of wind farms of varying sizes across the UK ranging from 0.5MW … Continue reading
US | Nonfarm payroll employment up by 115,000 and the unemployment rate at 8.1%
Nonfarm payroll employment rose by 115,000 in April, and the unemployment rate was little changed at 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care, but declined in transportation and warehousing… Source: via Employment Situation Summary. Why Did the Unemployment Rate Drop? The … Continue reading
Baker Center : Up to 430,000 solar jobs by 2020
Baker Center answers our question on solar energy : the spread of solar power technology into energy markets is following the same “less-than-smooth” path. Solar power is on track to become a major source of energy for the United States, and will likely need less federal incentive than other energy sources to get there, according to a study … Continue reading
UPDATE – Lufthansa | No more rumored : 3,500 jobs cut
Lufthansa to cut 3,500 jobs Lufthansa on Thursday unveiled plans to cut 3,500 jobs as it reported a worse than expected operating loss of €381m in the first quarter of 2012. Analysts had been expecting a loss of €273m for the three months to March 31 but were reassured by how Europe’s largest airline by … Continue reading
Unemployment Insurance Weekly Claims Report : A good drop after two dissapointing weeks, but rises some concern
SEASONALLY ADJUSTED DATA In the week ending April 28, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 27,000 from the previous week’s revised figure of 392,000. The 4-week moving average was 383,500, an increase of 750 from the previous week’s revised average of 382,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
The geographical shift of the middle class will entail relocalization – World Economic Forum
The geographical shift of the middle class has implications for supply chains says The Future of Manufacturing, A World Economic Forum Report in collaboration with Deloitte Touche Tohmatsu Limited The rise of demand centres in Asia, along with the typical costs that accompany more developed nations, will likely increase localization of production. Increasingly expensive logistics are leading some companies, such as … Continue reading
StanChart confident to add 2,000 jobs
Standard Chartered said it expected to grow income at least 10 percent this year and to add about 2,000 staff as it picks up the pace of investment later in the year. “We are still guiding to increasing headcount by about 2,000 by the end for the year,” said Richard Meddings, finance director of the Asia-focused bank, … Continue reading
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