Job Market Monitor
Economy
Malaysia – Unemployment Is the Lowest in 3 Years at 2.7%
Malaysia’s unemployment rate is now the lowest it has been in the past 34 months, an impressive achievement in the global economic uncertainty. The jobless rate was 2.7 per cent in August, down from 3.1 per cent in the previous month as well as a year ago. According to data released by the Department of … Continue reading
Canada – National Research Council layoffs the “tip of the iceberg”
Nearly 100 of Canada’s top researchers and scientists are facing layoffs in what the NDP science and technology critic says is just the “tip of the iceberg” in what appears to be the Conservative government’s plan to slash funding for basic research and focus instead on research that’s industry-driven. “There’s a much larger game afoot … Continue reading
California – Burbank – More Than 175 Layoffs to hit local entertainment industry
More than 175 employees at entertainment-related companies in Burbank likely will be laid off starting in December, many as a result of outsourcing custodial services, studio representatives said. Sixty-seven workers at Walt Disney Studios — mostly janitors, along with a few floor waxers — were given notices that will go into effect by Dec. 1, … Continue reading
Spain Airports – 1,600 layoffs
Spain’s public airport operator AENA said Wednesday it had agreed to make 1,600 voluntary redundancies, which could see more than one in 10 of its staff cut by the end of the year. The authority said in a statement it had agreed with unions to offer redundancy packages for up to 1,600 of its 15,000 … Continue reading
New England – GT Advanced Technologies – Layoffs for 25 percent of its staff
GT Advanced Technologies Inc. (GTAT) stock nose dived Wednesday after the Nashua, N.H.-based supplier of manufacturing equipment for solar and energy products said it would cut 25 percent of its staff. As of June the company had approximately 600 employees in Salem, Mass., New Hampshire, and Asia. News of the cuts – 40 of which … Continue reading
Gaming – Layoffs everywhere
It’s been a week of bad news in the gaming world, so lets get through this together. Zynga laid off 5% of their staff this week in an attempt to shore up their bottom line. They closed a Boston office, reduced staff in Austin and have proposed shutting down shops in the UK and Japan. … Continue reading
Canada – Via Rail – CAW Questions Lay-offs and Cutbacks
CAW opened negotiations with VIA Rail this afternoon in Montreal, raising concerns about recent lay-offs and route cuts. “VIA Rail has suffered a number of very serious funding cuts from the federal government over the last few years, a situation that’s getting worse, not better,” said CAW President Ken Lewenza. He said that VIA Rail … Continue reading
China – Job creation, a major problem
The factories that have powered China’s economic miracle are reeling from the global slowdown, presenting the incoming leadership in Beijing with a restless workforce at a defining moment in the country’s growth story. In the sprawling Foxconn factory in the industrial hub of Shenzen, where 500,000 people churn out electronics for Apple and others, the … Continue reading
Ireland – McDonald’s to create 700 new jobs
Fast food giant McDonald’s is to create 700 jobs across the country over the next three years. The organisation announced plans for a 20 million euro investment in its Irish operations between now and the end of 2015, which will include the opening of 12 new restaurants. Junior minister for jobs John Perry welcomed the … Continue reading
Ryanair promises hundreds of jobs
Ryanair has said an increase in its flights to and from East Midlands airport could create up to 460 jobs. The budget airline announced yesterday it will be adding new services to Marseille and Menorca from the Castle Donington airport, and expanding 17 of its existing 38 routes which already fly from there… via Airline … Continue reading
US – Productivity increases modestly
Nonfarm productivity increased at a modest pace in the third quarter, giving little sign that businesses are poised to ramp up hiring significantly. Productivity, which measures hourly output per worker, increased at a 1.9 percent annual rate, the Labor Department said on Thursday. Many economists would read a drop in productivity as a sign that … Continue reading
US – October factory activity falls to 37-month low
Manufacturing grew in October at its slowest pace in more than three years and appeared likely to act as a drag on overall growth in the final months of 2012, an industry survey showed on Thursday. Financial information firm Markit said its U.S. Manufacturing Purchasing Managers Index fell to 51.0 this month, below a preliminary … Continue reading
US – Unemployment Claims : Still An Uncertain Job Market Outlook with a a decrease of 9,000
SEASONALLY ADJUSTED DATA In the week ending October 27, the advance figure for seasonally adjusted initial claims was 363,000, a decrease of 9,000 from the previous week’s revised figure of 372,000. The 4-week moving average was 367,250, a decrease of 1,500 from the previous week’s revised average of 368,750. The advance seasonally adjusted insured unemployment … Continue reading
South Africa – Lonmin job cuts could bring more unrest
Lonmin management and workers appeared on Wednesday to be shaping up for a new battle after the strike-hit mining company said jobs would be cut. The world’s third largest platinum producer, Lonmin is scrambling to get back on its feet after a violent six-week strike at its Marikana mine that crippled production and led it … Continue reading
UK – Job programme – Almost 1 in 2 employer is unaware
More than a year after the introduction of the government’s ambitious Work Programme, the CIPD warns today that it needs to build on the scheme’s early progress by increasing awareness and understanding of the scheme amongst employers. In a survey of more than 1,000 employers, drawn from all three main sectors of the economy, the … Continue reading
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