Job Market Monitor
Economy
Unemployment Rates – U.S. vs other ‘mature’ economies – A Graph
How does the performance of the American economy compare to other similar economies–i.e., “mature” market economies, with high per capita GDP. With that in mind, take a look at this graph of unemployment rates over the past 12 years, and at my comments on it below. Focus on the maroon, yellow, and light blue lines. … Continue reading
US – Government employment Job Cuts – 1.7 million more jobs
Recent trends in the national labor market demonstrate the harm inflicted on the economy by cutting government spending and laying off government employees in the middle of an already challenging economic recovery. Just as with private sector layoffs, government layoffs increase the number of people out of work. And given that there are already nearly … Continue reading
Legal Services Corp – Layoffs of 8 percent of agencies’ lawyers
The nation’s providers of civil legal assistance predict that funding cuts will leave them no choice this year but to lay off about 8 percent of lawyers and support staff, close branch offices and narrow the types of services they provide, Legal Services Corp. announced on August 15… via More legal aid lawyers on the … Continue reading
Wall Street – More Layoffs to Come
Big banks are unlikely to be broken up — but they will keep getting smaller by getting rid of a large numbers of workers. Wall Street financial firms cut more than 75,000 people in 2011, and their employees are bracing for another round of layoffs. Analysts estimate that Wall Street banks will have roughly 10 … Continue reading
UK – Olympics Boost – Employment up 201,000 and unemployment rate down 0.2
For April to June 2012: The employment rate for those aged from 16 to 64 was 71.0 per cent, up 0.4 on the quarter. There were 29.48 million people in employment aged 16 and over, up 201,000 on the quarter. The unemployment rate was 8.0 per cent of the economically active population, down 0.2 on … Continue reading
UK – Record 8 M people working fewer than 25 hours a week
Record numbers of Britons are working part-time after those struggling to find full-time positions pushed the figure above the eight-million mark for the first time. Official figures show that 8.07 million people toil for fewer than 25 hours a week – the highest figure since records began in 1992. One in seven of them would … Continue reading
Portugal – Unemployment highest ever
Portugal’s unemployment rate rose to 15 percent in the second quarter, its highest level ever, the national statistics body INE said Tuesday. In the first quarter, the jobless rate had been 14.9 percent. More than 820,000 Portuguese are now out of work as the recession deepens… via Portuguese unemployment highest ever – International | IOL … Continue reading
Jaguar – 1,000 new jobs with 24-hour production
Soaring foreign demand for Range Rover Evoque and Freelander 2 models 30,000 people are believed to have applied for the new posts Bosses are hoping to achieve record profits of about £1.5bn this year Firm was bought by Indian manufacturing giant Tata from Ford in 2008 Jaguar Land Rover has created 1,000 new jobs by … Continue reading
Union wants automakers to invest
The Canadian Auto Workers union, which made concessions when the big U.S. automakers were struggling, says it wants to share in the profits now that the industry has “turned the corner.” As it geared up for contract talks slated to begin this week, the union said Monday that the automakers need to invest in their … Continue reading
SUNY Downstate Medical Center – More than 1,000 workers are losing jobs
More than 1,000 people are slated to be laid off at financially-troubled SUNY Downstate Medical Center in the next year — with hundreds now getting word they’re being axed. One of every eight employees at the cash-strapped hospital’s East Flatbush and Cobble Hill facilities are being let go, according to Brooklyn pols who have asked … Continue reading
ThyssenKrupp Layoffs – Mobile County Shaken
ThyssenKrupp Steel USA announced plans Monday to lay off nearly 200 workers from its Calvert plant of more than 1,600 people. The German Steel Company said the reduction of their workforce by 197 jobs, of which 143 are hourly positions, is due to “the increasing costs of raw materials used by the plant and slower … Continue reading
Wind – Vestas begins layoffs
Vestas on Monday confirmed an undisclosed number of workers at its Pueblo tower plant received layoff notices as the wind turbine maker began a pullback due to slumping U.S. orders. The company declined to give a specific number of job cuts but outside observers estimated the layoffs could affect about 90 of the plant’s 450 … Continue reading
Obama’s Welfare-to-Work Plan and The Romney campaign
Does it make sense for states to try new approaches to help poor parents find jobs? The Obama Administration thought so. Temporary Assistance for Needy Families (TANF), which provides very little assistance to very poor families with children, has not been especially effective at placing single moms in jobs. Even in good times, nearly half … Continue reading
Solar – Schletter – 305 Jobs in Cleveland County
Schletter, Inc., one of the largest designers and manufacturers of solar power mounting systems, will establish a production and distribution facility in Shelby. The company plans to create 305 jobs in North Carolina by the end of 2016, and invest more than $27 million in its Cleveland County facility. The project was made possible in … Continue reading
What is happening in Apple Stores? Layoffs and Working Hours Cuts ?
It seems that Apple is in the midst of reducing the working hours of staff at its retail stores, and even laying off those recently taken on. Apple has reportedly been making cuts to its retail workforce, many of them new employees fresh out of the store’s training program. Apple fan site MacRumors said that … Continue reading
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