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Economy
U.S. | Inequality seen as a Major Problem in survey
A new Harris Poll examines the issue of inequality and whether or not it has potential traction in the presidential and congressional elections this fall. The results show that it could well be an important issue because a majority of Americans believe that inequality is a “major problem” and that it is important “that the … Continue reading
Older Workers | Swedih Companies | Among the worst
Despite a large share of Sweden’s senior work force en route for retirement in the next few years, Swedish companies are among the worst in the world at recruiting and keeping people over fifty in employment. According to a study carried out by recruitment agency Manpower, only eight percent of Swedish employers have a strategy … Continue reading
ADP | Businesses add jobs
Businesses added more than 200,000 jobs in March, giving fresh evidence of recovery in the labor market, data showed on Wednesday. The ADP National Employment Report showed the private sector added 209,000 positions last month, slightly above economists’ expectations for a gain of 200,000 jobs. Analysts said it did not change their forecasts for the … Continue reading
India | Infosys creates 10,000 jobs in Kerala
Infosys Limited, India’s second largest IT company, Wednesday signed an agreement with Technopark for 50 acres of land for setting up a second campus in Technocity near here. The agreement was signed by Infosys Senior Vice President H R Binod and Technopark CEO KG Girish Babu in the presence of Chief Minister Oommen Chandy. Infosys … Continue reading
U.S. | Men Taking 88% of Recovery Jobs
Men, who lost more than twice as many jobs as women during the worst economic slump since the Great Depression, have landed 88 percent of the non-farm jobs created since the recession ended in June 2009. The share of men saying the economy was improving jumped to 41 percent in March, compared with 26 percent … Continue reading
Low Wages and Labor Shortages
Economy Watch – Lots of restaurant jobs; not lots of pay For all you foodies hoping to land a gig in the glamorous restaurant industry in the months and years ahead, there will be plenty of jobs to be had. The problem is, many of the jobs don’t come with a glamorous paycheck. Spring and summer hiring … Continue reading
UK | Capita to cut up to 400 jobs
Outsourcing firm Capita is set to cut up to 400 jobs across the UK. Unite said that as part of the company’s proposal, Capita would also offshore a significant number of staff to India. The trade union said it may consider an industrial action ballot, in response to the moves. The staff affected are understood … Continue reading
Tunisia | Poll Shows Impatience with Employment Policy
Public discontent over the issue of unemployment appears to be growing despite the efforts of the interim government to address the deteriorating job situation in Tunisia. According to a poll released by SIGMA Conseil, 61.5 % of Tunisians are dissatisfied with the employment policy of the government and 56% of Tunisians are dissatisfied with the policy … Continue reading
Strategies to Attract, Engage and Retain Older Workers
The Sloan Center on Aging & Work conducts research on innovative practices that address the needs of older workers and business. In 2011, the Centre launched a project titled “Flex Strategies to Attract, Engage & Retain Older Workers”. Report main findings. Continue reading
Austerity Is a Disaster – The Atlantic
Euro zone unemployment just hit a 15-year high. German unemployment just hit a 15-year low. What can those of us across the Atlantic glean from this seemingly bipolar state of affairs? That austerity, every economic conservative’s favorite prescription for an ailing economy — the medicine Republicans here in the United States are pushing hard — is … Continue reading
India and UK will work towards broad based trade and investment agreement
India and UK on Monday agreed to remain fully committed to resolving the remaining issues and work towards concluding a mutually beneficial India-EU Broad based trade and investment agreement at the earliest. A joint press statement by the Chancellor of the Exchequer of UK, George Osborne, and Finance Minister Pranab Mukherjee after the fifth round … Continue reading
Dow shutters plants on 3 continents, cuts 900 jobs, in response to economic woes in Europe | CanadianBusiness.com
Dow Chemical will cut 900 jobs and shutter plants on three continents because of weakness in Europe, which may soon tip back into recession of it has not done so already. Dow was ravaged during the global and economic crisis that struck four years ago, cutting more than 10,000 positions then. CEO Andrew Liveris has … Continue reading
European unemployment | Highest in 14 years and Youth Hit Hardest
“European unemployment increased to the highest in more than 14 years in February as companies from Spain to Italy eliminated jobs to weather the region’s crisis” writes Bloomberg. The euro area (EA17) seasonally-adjusted unemployment rate was 10.8% in February 2012, compared with 10.7% in January. It was 10.0% in February 2011. The EU27 unemployment rate was 10.2% in February 2012, compared with 10.1% in January. It … Continue reading
Baltic | Mass unemployment spurs brain drain – Video
Baltic boom busts as mass unemployment spurs brain drain – YouTube.
Yahoo layoffs coming next week
Yahoo Inc will begin layoffs of thousands of employees next week and will announce a plan to restructure the company the week after that, according to a media report. Yahoo declined to comment. The layoffs, which will not take place all at once, will mostly affect Yahoo’s product, research and marketing groups, according to the … Continue reading
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