Job Market Monitor
Economy
Skills Gap – There won’t be enough A & P (airframe and propulsion) licensed mechanics for an Airbus Assembly plant when in Mobile
That’s the word from companies that specialize in recruiting and hiring skilled workers for several industries, including the marine and airbus 380 in Vancouver (Photo credit: Cyprien) aviation industries. Bud Collins owns Eagle Marine Services in Irvington. He’s been placing skilled workers in marine jobs for 17 years, including ship building sites like Newport News, … Continue reading
Massachusetts – New Estimates – Jobs grew faster in 2011
A close examination of unemployment insurance data shows that Massachusetts has been gaining jobs faster than people thought, according to a new report issued Thursday by MassBenchmarks and the Donahue Institute at the University of Massachusetts. Massachusetts Coastline (NASA, International Space Station, 06/27/11) (Photo credit: NASA’s Marshall Space Flight Center) But even the new numbers … Continue reading
Road Map to More Jobs
How different would conditions be today economically and politically if unemployment were 7 percent instead of its current 8.2 percent? For one thing, some two million unemployed workers would have jobs, and the rate of economic growth would be comfortably above 2 percent, instead of below that pace. This scenario could have been possible if … Continue reading
Lockheed Martin – 740 jobs cut
Defense contractor Lockheed Martin Corp, builder of the iconic, but as yet ‘unproved’, F-35 stealth fighter, said that it has slashed its workforce by 740 as part of efforts to save costs amid challenging budget environment. The company, in a statement yesterday, said job cuts will take place in its Mission Systems & Sensors (MS2) … Continue reading
Bank of America – A New Round of Layoffs
Bank of America Corp (BAC: 7.64, +0.16, +2.12%) has been cutting jobs in its commercial banking unit in recent weeks even as it tries to boost the group’s business, people familiar with the situation said, reflecting the bank’s broader struggles to grow in a tepid economy. The job cuts are the latest round in the … Continue reading
EMI Music Publishing – Layoffs Begin
Chief executive Roger Faxon is one of 30 to 40 staffers to lose their jobs as a Sony/ATV-led consortium integrates the two companies. As expected, layoffs have begun at EMI Music Publishing, in the wake of the completion of the company’s acquisition by a Sony Corp. of America-led consortium on June 29. At that close … Continue reading
China’s job market – Cracks are appearing
China’s job market has started to show signs of stress, putting pressure on the government to intensify fiscal spending to prevent the economy from weakening further. Like politicians the world over, Chinese leaders’ biggest single economic worry is whether unemployment is under control, and analysts say the job outlook will help determine whether they launch … Continue reading
Does Xerox’s outsourcing also mean layoffs ?
About a year ago, Xerox told some 600 employees, many of them engineers, that their jobs were being transferred to an India-based IT services firm. How has that worked out? Neither company is disclosing detail about what’s been going on, but information is leaking out about some layoffs. The move by Xerox goes to the … Continue reading
Bayer CropScience plans layoffs at its Institute plant
Bayer CropScience plans to lay off more than 200 workers at its Institute plant by the end of the year. Bayer says 163 workers will be laid off in the first phase, which will begin Sept. 7. The cuts are expected to continue through the rest of the year. Media outlets report that Bayer notified … Continue reading
Hewlett-Packard Begins Layoffs at Factory
Hewlett-Packard confirmed that it has begun eliminating jobs at its Rio Rancho center as part of its restructuring plan. Image via CrunchBase The company did not provide the actual number of job cuts, but some sources said that the company will fire a total of 100 workers from all departments at this facility. Hewlett-Packard announced … Continue reading
India – Gujarat – Lowest unemployment rate among all states
Gujarat Congress’s yet another poll agenda has been punctured, this time by a department under Union Ministry of Labour and Employment. In run up to the assembly election, one of the issues Gujarat Congress has taken up against the state government is unemployment. According to the latest report for the year 2011-12, released by Labour … Continue reading
US – Hires Rate (3.3 percent) and Separations Rate (3.3 percent) unchanged in May
There were 3.6 million job openings on the last business day of May, little changed from 3.4 million in April, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.3 percent) were essentially unchanged in May. This release includes estimates of the number and rate of job openings, hires, … Continue reading
Unemployed Europeans Get Brazilian Visas And a Bride
Being young and European right now can be pretty bleak, with the average EU youth unemployment rate standing at 22.4% — and rates in Spain verging on a Great Depression-like 51%. Unsurprisingly, a lot of young Europeans want to move abroad, but moving abroad isn’t always easy — or even legal. This report in Brazilian … Continue reading
UK – The Recruitment and Employment Confederation and KPMG said permanent placements are down
Permanent and temporary jobs across the country, including the City, have fallen in recent weeks, giving a “bleak” outlook on the employment front, according to two studies. The Recruitment and Employment Confederation (REC) and KPMG said permanent placements fell for the first time in six months in June, while temporary appointments were down for the … Continue reading
Race Matters – Black unemployment rate:14.4% -vs- white at 7.4%
As the overall U.S. unemployment rate stayed at 8.2% in June, the rate among black Americans rose nearly a full percentage point. The reason for the increase appears to have been a rise in the percentage of African-Americans looking for a job, rather than job losses. The unemployment rate for blacks rose to 14.4% from … Continue reading
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