Job Market Monitor
Economy
Economics: Among The Worst College Majors With The Highest Unemployment Rates
which degrees are the least likely to guarantee a job in 2012? According to Georgetown, here are the bottom 10, based on unemployment rates for recent graduates, cited in the study. 10. Economics Unemployment rate: 9.4 percent Starting pay: $48,000 9. Area Ethnic and Civilization Studies Unemployment rate: 10.1 percent Starting pay: $35,000 8. History … Continue reading
Canada | The Issue is Unemployment Not Labour Shortages
The federal government is basing labour market policy on the belief that, as Jason Kenney pithily puts it in today’s Globe, there are “large and growing labour shortages.” Hence moves to bring in even more temporary foreign workers at lower than average wages, and to push EI claimants into supposedly available jobs. Not that the … Continue reading
Greeks are pulling euros out | ECB stops providing liquidity to some Greek banks | Reuters
The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming news earlier reported exclusively by Reuters. The news sent the euro lower against the dollar, fanning concerns among investors and in Greece that the country may have to leave the … Continue reading
UPDATE – UK | Surprise Job Market positive results based on p/t working & self-employment
(ONS Press Release) – For January to March 2012: • The employment rate for those aged from 16 to 64 was 70.5 per cent, up 0.2 on the quarter. There were 29.23 million people in employment aged 16 and over, up 105,000 on the quarter. The quarterly increase in employment was entirely due to more part-time workers. • … Continue reading
Canada | Fed Budget, Mammoth Bill and EI system
The Conservative government says Canadians receiving an income under the Employment Insurance program will be required to lower their standards when looking for work or risk losing their benefits. It’s a small step, but it should be the start of a major overhaul of a system that often seems to reward seasonal workers in regions … Continue reading
Youth unemployment around the world
Youth unemployment across the OECD: how does the UK compare? | News | guardian.co.uk.
T-Mobile | 900 new layoffs
When T-Mobile USA laid off thousands of workers in March, it wasn’t quite done handing out the pink slips. On Tuesday T-Mobile said it would enter into its next phase of restructuring, which means 900 more layoffs on top of the 1900 job cuts it has already made. via T-Mobile USA starts round 2 of … Continue reading
Credit Suisse | To fire 126 employees in the New York area
Credit Suisse Group (CSGN.VX) plans, according to a notification the bank sent to New York State’s Department of Labor on Tuesday. The layoffs, which will extend through August 6, follow the elimination of jobs of 109 people in New York earlier this year. The filing did not disclose the level of seniority nor the business … Continue reading
Pfizer | Layoffs at Manitoba PMU plant
Drugmaker Pfizer’s restructuring of its estrogen extraction plant at Brandon, Man. calls for about 40 per cent fewer employees by the end of next year. The company processes conjugated estrogen from pregnant mares’ urine (PMU) at Brandon to make the hormone replacement therapy Premarin, used to treat menopausal symptoms in women. Pfizer said Tuesday it … Continue reading
Hostess sent potential layoff notices to its 18,000 employees nationwide
Hostess had warned earlier this month that certain conditions — such as an “unsatisfactory resolution to its pending motion before the bankruptcy court regarding certain modifications to its collective bargaining agreements” — could force it to liquidate. “The notices were sent to alert employees that a sale or wind-down of the company is possible in … Continue reading
UK | Surprise Job Market Positive Results
(ONS Press Release) – For January to March 2012: • The employment rate for those aged from 16 to 64 was 70.5 per cent, up 0.2 on the quarter. There were 29.23 million people in employment aged 16 and over, up 105,000 on the quarter. The quarterly increase in employment was entirely due to more part-time workers. • … Continue reading
U.S. | Nearly $1 Trillion a year fighting poverty and over the next 10 years, governments will spend $250,000 for every poor American
On January 8, 1964, President Lyndon B. Johnson delivered a State of the Union address to Congress in which he declared an “unconditional war on poverty in America.” At the time, the poverty rate in America was around 19 percent and falling rapidly. This year, it is reported that the poverty rate is expected to … Continue reading
Hawker Beechcraft announces another 150 layoffs at Wichita
Hawker Beechcraft has announced layoffs for the second time in three weeks, this time affecting 150 employees at its Wichita aircraft plant. The latest cuts will reduce the aircraft maker’s total employment in Wichita to 4,200 people. Hawker Beechcraft announced on April 23 that it was giving 60-day layoff notices to about 350 employees – … Continue reading
U.S. tariffs on Chinese solar cells could lead to job losses
The Obama administration’s recent decision to slap import tariffs on Chinese solar cells was hailed by some domestic solar manufacturers as a victory for job creation, leveling the field while sending a powerful message to Beijing about monopolistic behavior in crucial industries. But a close look at the U.S. solar industry suggests that the tariffs … Continue reading
Harmonised Unemployment Rates stable at 8.2% in March for OECD
The OECD area unemployment rate was stable at 8.2% in March 2012, the same level recorded since February 2011. This flatness is largely the result of increasing rates in some euro area countries being offset by declines in North America. The euro area unemployment rate rose by 0.1 percentage point to 10.9% in March, 3.6 … Continue reading
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