Job Market Monitor
Economy
US / Women passed men in the number of jobs regained in the recovery
Institute for Women’s Policy Research (IWPR) analysis of the BLS payroll data over the entire course of the recession and recovery shows that in November women passed men in the number of jobs regained in the recovery as a share of jobs lost in the recession. As of November, women have regained 54 percent (1.5 million) … Continue reading
Tennessee / Access America Transport’s expansion will bring 550 jobs
The expansion of a Tennessee-based company will bring 550 jobs to the Volunteer State over the next four years. The state and company officials announced on Monday that Access America Transport will expand its Chattanooga and Knoxville facilities, adding 450 additional jobs in Chattanooga and 100 new jobs at the Knoxville facility. I want to … Continue reading
Korea / Motorola / More than 500 jobs cut
Motorola Mobility will close “most” of its South Korean operations by 2013, according to a leaked internal memo. According to the memo (in Korean), the move is part of a continued global restructuring effort by its parent company Google, which bought the smartphone maker earlier this year for $12.5 billion. Since then, however, restructuring costs have … Continue reading
Germany / Opel: 3,100 Jobs at Risk
General Motors Co. (GM)’s Opel division will stop making cars at its plant in Bochum, Germany, in 2016, threatening 3,100 jobs, as the U.S. automaker seeks to stem European losses during a prolonged vehicle-market contraction. Opel will end auto production at the factory when the current version of the Zafira minivan is replaced, the unit, … Continue reading
Latin America: Tremendous social progress – World Bank
Latin America witnessed tremendous social progress during the last decade writes the World Bank in its report The Labor Market Story Behind Latin America’s Transformation (Adapted choosen excerpts by Job Market Monitor to follow). Inequality of (labor and non-labor) income fell substantially, by 5 Gini points on average for 15 LAC countries, and the robust growth that the … Continue reading
US / Democrats want jobless benefits in Fiscal Cliff deal
Hovering in the background of the “fiscal cliff” debate is the prospect of 2 million people losing their unemployment benefits four days after Christmas. “This is the real cliff,” said Sen. Jack Reed, D-R.I. He’s been leading the effort to include another extension of benefits for the long-term unemployed in any deal to avert looming … Continue reading
China / 31.2 million high-skilled workers, 4.9 million more than at the end of 2009
China’s high-skilled workers reached 31.2 million as of the end of 2011, 4.9 million more than at the end of 2009, according to official data released on Saturday. High-skilled workers accounted for 26.2 percent of China’s 119 million skilled workforce as of the end of 2011, up 1.5 percentage points from the end of 2009, … Continue reading
Layoffs / Ten global companies cut 100,000 jobs in 2012
With an aim to save costs in troubled economic times, just 10 companies together have announced nearly one lakh job cuts worldwide since start of 2012 and they include giants like HP, Google and Citigroup. While these companies come from a wide array of businesses, the reason behind layoffs has mostly been cost-cutting efforts in … Continue reading
(UPDATE) US / Unemployment Rate Falls to Four-Year Low / Sandy: no substantively impact the job market
Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and health care. Household Survey Data The unemployment rate edged down to 7.7 percent in November. The number of unemployed … Continue reading
Looking For a Job in China ? Procedure for Employment in Beijing
Procedure for Employment in Beijing Employment of foreigners in Beijing refers those who have not obtained the right of permanent residence and who work and receive remunerations for their work in accordance with law within the Chinese territory. Those foreigners who have not obtained residence permits (holders of F, L, C and G visas), and … Continue reading
Newsweek Layoffs Coming / A bloodbath says a source
A source calls the layoffs “a bloodbath” and estimates that half the editorial staff will be gone. Newsweek’s print edition is ending in a matter of weeks, and the anticipated staff changes have already begun. Layoffs are expected to be announced this afternoon, a tipster tells us. Meanwhile, we hear that a few editors are proactively … Continue reading
Oscar maker plans layoffs
The Chicago company that makes the familiar gold-plated Oscar statues is laying off almost 100 employees as it’s bought by a Canadian firm. But some workers could be rehired. R.S. Owens & Co. Inc. said this week in a notice to the Illinois Department of Commerce that it will lay off 95 workers on Dec. … Continue reading
US / Offshoring / About 663,000 large-company service jobs heading offshore
Service companies have been sending jobs abroad in large numbers the past decade to cut labor costs — a trend that accelerated in the recession and is expected to continue the next few years before slowing after 2016. About 663,000 large-company jobs in information technology, human resources, finance and purchasing — the category that includes … Continue reading
Fiat / To slash 1,500 jobs in Poland
Italian carmaker Fiat said Friday it would slash 1,500 jobs in a plant in Poland due to falling demand for small cars in the European market. Output in Tychy, southern Poland, was projected to fall below 300,000 vehicles next year, down from 600,000 in 2009, Fiat said in a statement. The company summoned Polish unions … Continue reading
Kenya / Corruption Costs 250,000 Jobs – New World Bank Report
Corruption accounts for loss of resources enough to create 250,000 jobs in Kenya annually, the World Bank has said. In its latest economic update titled ‘Kenya at Work’, the report says an enterprise survey found out that firms pay up to 12 per cent of value of government contracts to win them and four per … Continue reading
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