Job Market Monitor
Economy
NE – Shaw to cut 700 jobs
Shaw’s Supermarkets on Friday announced plans to cut about 700 jobs at 169 Shaw’s and Star Market stores in five New England states. About 90 employees affected by the layoffs have already been notified, and the rest will be informed over the next several days, the company said. “A decision of this nature is never … Continue reading
US – Hospital mass layoffs for 2012 expected to match 2011’s numbers
Thirteen mass layoffs occurred in hospitals in September, affecting 817 people, according to a monthly report released Oct. 23 by the U.S. Bureau of Labor Statistics. If numbers hold steady for the remainder of 2012, the industry is on track to have a similar annual count of mass layoffs as it did in 2011. Ninety-three … Continue reading
Sweden – SCA to cut 1,500 jobs
Swedish hygiene and paper products maker SCA is to cut jobs, affecting 1,500 people, as part of a move to reduce annual costs by around 300 million euros ($385 million)… “About 1,500 employees are affected and costs are expected to be some 100 million euros,” chief executive Jan Johansson said in a statement ahead of … Continue reading
The Big Job Gap
” The recovery is real, but it’s still really far from the recovery we need” writes Matthew O’Brien in The Scariest Jobs Chart, Private Sector Edition. (Choosen excerpts by JMM to follow) That’s been the consistent message of the past three years, with consistent job growth that hasn’t been near enough to end our jobs crisis much … Continue reading
Update – US Job Report – This month report shouldn’t make a mandate
The number of unemployed and the unemployment rate increase. But employment too. So, this is a sign that participation is going up, a generally good sign. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. But still, the proportion of american in … Continue reading
Canada – Employment unchanged and the unemployment rate remains at 7.4%
Following two consecutive months of increases, employment in October was unchanged and the unemployment rate remained at 7.4%. Employment Compared with 12 months earlier, employment increased 1.3% or 229,000, all in full-time work. The total number of hours worked also rose 1.3% over the same period. In October, employment grew in Quebec and Newfoundland and Labrador, while it fell in British … Continue reading
US Job Report – This month report shouldn’t make a mandate
The number of unemployed and the unemployment rate increase. But employment too. So, this is a sign that participation is going up, a generally good sign. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. But still, the proportion of american in … Continue reading
Nissan – A New Thai plant
Nissan Motor Co Ltd (7201.T) said on Friday it was investing 11 billion baht ($358 million) to build a second assembly plant in Thailand that will have an annual production capacity of 75,000 vehicles when it opens in August 2014. Capacity would eventually be raised to 150,000 vehicles. “Adding 150,000 units of production capacity will … Continue reading
Why Today’s Unemployment Report Should Be Taken With A Grain of Salt
Three times today I’ve been asked on media outlets about the likely effect on the presidential election of Friday’s jobs report, depending on what the Bureau of Labor Statistics announces. Unfortunately, the BLS report is likely to sway some voters — and therefore have an impact on this tight race. But it shouldn’t. The report … Continue reading
St. Paul, Minnesota – St. Jude Medical cutting 500 jobs
St. Jude Medical said Thursday that it has laid off another 500 people as it restructures to deal with slumping sales of its heart devices. In August, St. Jude said it had terminated 300 employees, including 80 in Minnesota, as part of a broader companywide reorganization expected to slash $50 million to $60 million in … Continue reading
Australia – Holden 170 jobs cut
Australia’s ailing auto industry has suffered another blow with car maker Holden axing 170 jobs just a day after a key component manufacturer closed its doors and stood down about 400 workers. Holden said falling demand for its locally built vehicles, due to the high Australian dollar, had forced its hand. The company said the … Continue reading
Alberta – AHS to hire new nursing graduates
More nurses, including new graduates, are expected to be hired by the province as Alberta Health Services boosts its efforts to improve patient care. Approximately 750 registered nurses and registered psychiatric nurses will be available for hire in Alberta in December, and Alberta Health Services said on Thursday that they plan to hire them all. … Continue reading
Update – South Africa – Unemployment on the rise to 25.5%
The official unemployment rate in South Africa rose to 25.5% of the labour force in the third quarter of this year from 24.9% in the second quarter, a survey showed. In its latest Quarterly Labour Force Survey, Stats SA said today the total number of unemployed people stood at 4.67 million in the three months … Continue reading
UK – Comet – 6,000 layoffs ?
More than 6,000 jobs are at risk as the troubled high-street electricals chain Comet teeters on the edge of administration. Comet, the UK’s second largest electrical specialist after Dixons, has struggled to make headway as supermarkets and online retailers such as Amazon targeted the cut-throatmarket, and could go into administration as soon as Thursday. It … Continue reading
Zimbabwe – Unemployment Rate Really At 10,7% ?
The Zimbabwe National Statistics Agency (ZIMSTAT) says that Zimbabwe’s unemployment rate is 10.7%. Such a statistic will no doubt upset those who pretty much fancy using 80% or so as a benchmark. ZIMSTAT came up to this figure this way via its director-general Mr Mutasa Dzinotizei: Unemployment is defined as all persons above a specified age, who … Continue reading
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