Job Market Monitor
Economy
UK Long term youth unemployment up 874% in 12yrs says TUC Report
The number of young people who have been unemployed for more than a year since 2000 has increased by an enormous 874 per cent (from 6,260 to 60,955), going up by 264 per cent in the last year alone. In comparison, on average across all working age groups, long-term unemployment has risen by 50 per … Continue reading
US – Gallup: Seasonally adjusted unemployment drops to 7.8% in June
U.S. unemployment, as measured by Gallup without seasonal adjustment, is 8.0% in mid-June, unchanged from the end of May but significantly better than the 8.7% for the month of June 2011. Gallup’s seasonally adjusted number is 7.8%, an improvement from 8.3% at the end of May, and down slightly from the previous seasonally adjusted low … Continue reading
After the Great Recession : Underemployed and Underpaid
Throughout the Great Recession and the not-so-great recovery, the most commonly discussed measure of misery has been unemployment. But many middle-class and working-class people who are fortunate enough to have work are struggling as well, which is why Sherry Woods, a 59-year-old van driver from Atlanta, found herself standing in line at a jobs fair … Continue reading
A Recovery is not another recovery
The point that all recoveries are the same — whether preceded by a financial crisis or not — is argued in a recent Federal Reserve working paper by Greg Howard, Robert Martin and Beth Anne Wilson. It was also discussed in a recent article in the Wall Street Journal. It is mystifying that they can … Continue reading
Jetset cuts 110 as profits fall
Most of the pain from the latest restructure will be felt by those working at its travel management division, which will lose about 66 of the 110 jobs to be cut. The Age Link: http://www.theage.com.au/business/jetset-cuts-110-as-profits-fall-20120618-20k7r.html
The Economic Recovery is Floundering
In the lead-up to the G20 summit in Los Cabos, the Brookings-FT Tiger index shows that this stop-and-go global recovery has stalled once again. The engines of world growth are running out of steam while the trailing wagons are going off the rails. Emerging market economies are facing sharp slowdowns in growth while many advanced … Continue reading
Fairfax Media to cut 1900 jobs in Australia
Publisher of the Sydney Morning Herald and the Age to cut jobs, introduce paywalls and change broadsheets to compact format. The Guardian Link: http://www.guardian.co.uk/media/2012/jun/18/fairfax-media-job-cuts-australia
In Europe Mobile Operators Embrace Consolidation
BERLIN — European mobile telephone operators are primed to enter a … Everything Everywhere cut 1800 jobs, or 11 percent of its work force, in 2011 and is on … Link: http://www.nytimes.com/2012/06/18/technology/18iht-telecoms18.html
When 50 per cent youth unemployment is (apparently) protecting the grand kids
Over the last week, a Londoner and a Glaswegian have publicly embarrassed themselves with statements made about the current economic situation. One is an academic historian who hasn’t fully understood history. The other a politician who is seeking to deny the obvious and somehow blur his own culpability in driving the British economy back into … Continue reading
In The News | Canada – Employment and unemployment, A pledge for veterans, Layoffs, Cross-border shopping and Much More
Canada – After 2 months of large gains, employment was unchanged in May, and the unemployment rate remained at 7.3%. Following two months of large gains, employment was unchanged in May, and the unemployment rate remained at 7.3%. Compared with 12 months earlier, employment increased 1.2% or 203,000. Virtually all of this growth was in full-time work, up 192,000 (+1.4%). The total … Continue reading
In The News | US Labor Market Is In A Full-Blown Depression, Joseph Stiglitz on The Price of Inequality, States with the widest income gap, Certificates pay off, Layoffs, layoffs and a bit of hiring plus Much More
The US Labor Market Is In A Full-Blown Depression zerohedge.com – Now that stocks are back to reflecting nothing more than expectations of how many times the Chairsatan dilutes the existing monetary base in a carbon copy replica of not only 2011 but also 2010… … JobMarketMon Joseph Stiglitz on “The Price of Inequality: How Today’s … Continue reading
In The News | Work-life Balance, Most Unemployed Have College Experience, RIM Layoffs: Up to 6,000, Germany to Lack 3 Million Skilled Workers by 2025 and Much More
Work-life balance: World’s 20 best cities – Rediff.com Business rediff.com – The biggest challenge for workers across the world is to find a perfect balance between work and life. Long work hours can impact health, jeopardise safety and increase stress among employees, acco… JobMarketMon Number of the Week: Most Unemployed Have College … Continue reading
In The News | George W. Bush’s record, Classes of 2001 vs. 1999, Global Recession, Blacks Unemployment, Layoffs, Grads and More
The Maddow Blog – A stroll down memory lane maddowblog.msnbc.msn.com – After Friday’s discouraging jobs report, there was increasing talk on the right about the benefits of George W. Bush’s record, as if the nation would be better off turning back the clock to 2008. A… JobMarketMon Classes of 2001 vs. 1999: What a Difference Two … Continue reading
In The News | The Job Stall on the Verge of Another Recession, Germany’s skilled worker shortage, Layoffs, Greece and More
Joblessness Rises: Are We on the Verge of Another Recession? | Economy alternet.org – The White House must be telling itself there are still five months between now and Election Day, so the jobs picture could brighten. After all, we went through a similar mid-year slump in 2011 but… JobMarketMon Why the U.S. economy is … Continue reading
In The News | World growth and U.S. employment,India, layoffs at BAE, GM and Hewlett Packard, IT Hiring, Employment Insurance in East Canada, Zambia and More
World growth at risk as U.S. employment stumbles ottawacitizen.com – WASHINGTON/LONDON – The world’s economic outlook darkened on Friday as reports showed U.S. employment growth slowing sharply, Chinese factory output barely growing and European manufacturing fallin… JobMarketMon BAE Systems to axe 600 jobs | Business guardian.co.uk – BAE Systems has announced plans to close an historic factory … Continue reading
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