Job Market Monitor
Economy
Sandy – Can a disaster leads to economic growth
The public relations propaganda campaign to convince the ignorant masses that Sandy’s impact on our economy will be minor and ultimately positive, as rebuilding boosts GDP, has begun. I’ve been hearing it on the corporate radio, seeing it on corporate TV and reading it in the corporate newspapers. There are stories in the press that … Continue reading
US – Benefits of High-Skilled Immigrants
The technology journalist Robert X Cringley has an article criticizing H1-B visas that I think is worth offering a rebuttal to. In contrast to pro-immigration voices that is often associated with Silicon Valley, this piece reflects the anti-immigration sentiment that I think reflects the same old protectionism we see in many other places in this … Continue reading
Zimbabwe – Unemployment rate at 10,7%
THE Zimbabwe National Statistics Agency (Zimstat) yesterday revealed that the country’s unemployment rate was at 10,7 percent contrary to some figures some organisations have been using. Addressing participants during the 2011 Labour Force and Child Labour Survey dissemination workshop in Bulawayo yesterday, Zimstat director-general Mr Mutasa Dzinotizei said reports that Zimbabwe has an unemployment rate … Continue reading
Switzerland – Lonza to Cut Jobs
Lonza Group AG (LONN) said it plans to cut 500 jobs, including 400 at a Swiss site that manufactures chemical intermediates and active pharmaceutical ingredients. Most of the job losses will come from internal transfers, natural attrition, early retirements and by not extending temporary contracts, the Swiss supplier to the pharmaceutical industry said today in … Continue reading
France – Industry Bleeds Jobs
Renault SA (RNO) says if President Francois Hollande wants more cars built in France, he needs to tackle the country’s high labor costs and rigid work rules. France’s second-largest carmaker, which is based near Paris and 15 percent owned by the government, built fewer than a quarter of the 2.83 million cars that rolled off … Continue reading
Chrysler Shifting Jobs to China – CEO Denies
The chief executive of U.S.-based automaker Chrysler says his company is not shifting production of Jeep vehicles to China. His comments follow a series of statements by Republican presidential candidate Mitt Romney’s campaign that appear to suggest otherwise. Chrysler CEO Sergio Marchionne said in an email to employees Tuesday that Jeep assembly lines will remain … Continue reading
Austerity – Greece debt to GDP to hit 190pc
Greece’s debt to GDP will hit 189.1pc and the economy is expected to contract by 4.5pc next year, the finance minister revealed in the 2013 budget presented to parliament. via Debt crisis: Greece debt to GDP to hit 190pc – Live – Telegraph.
US – Gallup – Unemployment (sa) at 7.7% in Mid-October
U.S. unemployment, as measured by Gallup without seasonal adjustment, is 7.3% in mid-October, down considerably from 7.9% at the end of September and at a new low since Gallup began collecting employment data in January 2010. Gallup’s seasonally adjusted unemployment rate is 7.7%, also down from September. October’s adjusted mid-month measure is also more than … Continue reading
Indiana CoC – Targeting Middle Skills Gap
The Indiana Chamber of Commerce has launched a website to help bridge the so-called “middle skills” gap. Vice President of Education and Workforce Development Derek Redelman tells Inside INdiana Business he regularly hears from companies seeking employees to fill openings requiring more than a high school diploma, but less than a four-year college degree and … Continue reading
Japan – Unemployment rate (sa) stable at 4.2%.
via Statistics Bureau Home Page/Monthly Results -September 2012-.
India – Hiring stronger than elsewhere according to LinkedIn
Hiring trends in India is relatively strong than other markets around the world as nearly half of employers believe the recruitment volume this year is up from 2011, a survey says. According to the LinkedIn Recruiting Trends survey with over 3,000 professionals/recruiters from the HR/Talent Acquisition department, of which 255 were from India, hiring in … Continue reading
UK – Royal Mail’s investment – 1,000 jobs
ROYAL Mail has announced a £75million investment programme for its UK express parcels business, creating 1,000 jobs. The expansion is part of its strategy to grow in the UK and overseas. In the last reported financial year, its parcels businesses accounted for almost half of the group’s revenues, excluding the Post Office, and online retailing … Continue reading
Germany – Employment growth looses momentum but unemployment still falls
In September 2012, a total of 41.8 million persons were in employment whose place of residence was in Germany, according to provisional calculations of the Federal Statistical Office (Destatis). The number of persons in employment was thus by 324,000 above the level of September 2011, which is an increase of 0.8%. Employment growth on the … Continue reading
US – Job Growth During the Recovery
“Congress in recent years passed a number of bills intended in part to jump-start a recovery in the labor market from the recession that began in December 2007” writes Linda Levine in Job Growth During the Recovery (Adapted excerpts by JMM to follow). What was the labor market’s response to these measures ? How well the … Continue reading
Louisiana – Benteler Steel Tube – 1,000 construction jobs and 675 full time jobs
Benteler Steel/Tube announced it will build a new hot rolling tube mill in Caddo, Louisiana, strengthening the company’s position in the North American oil country tubular goods (OCTG) market. The facility – a total investment of nearly $900 million – will be Benteler Steel/Tube’s first U.S. production facility and will create more than 1,000 construction … Continue reading
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