Job Market Monitor
Economy
Virginia and Kentucky / Southern Coal announces massive miner call backs
Southern Coal Corp. announces massive call backs and hiring of miners in Southwest Virginia, Southern West Virginia and Eastern Kentucky. The company has worked over the last month with several customers to secure coal orders to be able to save jobs as well as reopen mines closed earlier this year. Southern Coal has entered into … Continue reading
Indiana / Iron company to create 100 jobs
An iron-recycling company is investing hundreds of millions to build a new plant in White County, creating 100 new jobs and bringing even greener industry to Indiana. Magnetation, LLC, which recycles iron waste to produce valuable iron ore concentrate, announced plans Tuesday to invest up to $350 million to build a new iron-ore pellet plant … Continue reading
Denmark / Saxo Bank to cut 266 jobs (17,5% of workforce)
Denmark’s Saxo Bank is to cut its workforce by 17.5 percent because of reduced trading activity, a source close to the company told Reuters. A total of 266 of the bank’s 1,513 employees will lose their jobs,” the source said. The bank declined to comment until after it had released a statement later on Tuesday. … Continue reading
UK / Derby City Council cuts another 350 jobs
A further 350 jobs are to go at Derby City Council, taking the total number of cuts to 1,000 in three years. The cuts have been announced as council bosses said the authority needed to reduce its budget by £63m by 2015. City council leader Paul Bayliss said it was also looking at other ways … Continue reading
Italy / 20,000 jobs threatened at ILVA plant
Workers stormed Europe’s biggest steel plant ILVA, which faces closure over allegations of an environmental disaster, as Italy’s government raced to save 20,000 threatened jobs. Management closed the factory’s cold rolling facility, which produces finished steel plates, strips and pipes, after a Monday court ruling to seize the plant’s steel output, which the company said … Continue reading
US / For each dollar of federal highway grants received by a state, that state’s GSP rises by at least two dollars
Federal highway grants to states appear to boost economic activity in the short and medium term. The short-term effects appear to be due largely to increases in aggregate demand. Medium-term effects apparently reflect the increased productive capacity brought by improved roads. Overall, each dollar of federal highway grants received by a state raises that state’s … Continue reading
Canada / Defense / CFB Borden cuts 120 jobs
Sixty per cent of the cleaning staff at Canadian Forces Base (CFB) Borden will lose their jobs Dec. 31, the Public Service Alliance of Canada says. Wednesday morning, PSAC will host a news conference to discuss the cut, which will impact 120 people who work for contractor Koprash Inc. “This news is devastating. Yet, these … Continue reading
UK / Older workers / Propelling the rise in self-employment
Older workers have propelled the increase in self-employment that has helped to hold down the jobless rate since the economic crisis began, a Financial Times analysis shows. The proportion of workers who are self-employed has climbed to a record 14 per cent over the past four years – helping to keep a lid on unemployment … Continue reading
US / FED / Dallas Fed President, Richard Fisher, says Fed might set a target for unemployment
Dallas Fed President Richard Fisher, a top Federal Reserve official, said on Tuesday that his main concern now was unemployment, not inflation. He said another option the Fed might consider to signal its aims to markets was a target for unemployment, although this would be difficult because monetary policy alone was not responsible for creating jobs. … Continue reading
UK / Flagship government employment program finds jobs for only 3.5 % of participants
Private companies running a flagship government employment scheme have put only 3.5 percent of clients into sustainable jobs, statistics published on Tuesday showed. The British coalition government’s Work Programme, launched in June 2011 to help the long-term unemployed find work, divides the country into regions, with each comprising a range of private, public and voluntary … Continue reading
OECD / Global economy facing hesitant and uneven recovery (video)
The global economy is expected to make a hesitant and uneven recovery over the coming two years. Decisive policy action is needed to ensure that stalemate over fiscal policy in the United States and continuing euro area instability do not plunge the world back into recession, the OECD said in its latest Economic Outlook. via … Continue reading
Northern Ireland / Concentrix Technologies creating 100 IT jobs
Concentrix Technologies is part of the international Synnex Corporation, and provides customer relationship management (CRM) software. Invest Northern Ireland is providing financial support of £749,000. Enterprise Minister Arlene Foster met representatives of the company recently. “I am pleased such high quality jobs have been secured for local people,” she said. “These jobs will deliver in … Continue reading
Newport / Walmart hiring 400 workers
Walmart plans to hire 400 workers for its new Walmart Supercenter and Neighborhood Market stored opening in Newport News. Walmart has opened a hiring center to make it easy to apply. You can stop by the hiring center located at 10524 Jefferson Avenue in Newport News Monday through Friday between 8 a.m. and 7 p.m. … Continue reading
France / SFR telecom may cut 1,100 jobs
SFR, the French mobile-telephone unit of media and telecom group Vivendi SA , may cut 1,100 jobs as market conditions grew more difficult for the company after telecom firm Iliad ILIAF +2.62% launched a low-cost mobile-telephone service this year, newspaper Les Echos reports Monday citing a labor union official. The company, which is due to … Continue reading
Graduate employability / Heading for a working life of 10,000 days
We’re sleepwalking into a crisis. There is much talk of the ‘lost generation’ of frustrated, angry, debt-ridden 20-somethings with diminishing career prospects. Yet employers continue to wring their hands as they pore over inadequate job applications or realise they’ve hired graduates with little grasp of what the world of work actually requires of them. So … Continue reading
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