Job Market Monitor
Economy
Jobless claims hold steady at 4-year low
DOL Press Release: Unemployment Insurance Weekly Claims Report SEASONALLY ADJUSTED DATA In the week ending February 18, the advance figure for seasonally adjusted initial claims was 351,000, unchanged from the previous week’s revised figure of 351,000. The 4-week moving average was 359,000, a decrease of 7,000 from the previous week’s revised average of 366,000. The advance seasonally … Continue reading
P&G to cut about 10 percent of non-manufacturing jobs | Reuters
Procter & Gamble Co plans to cut a total of 5,700 nonmanufacturing jobs as part of a new plan to reduce costs by $10 billion by the end of fiscal 2016, Chief Executive Officer Bob McDonald said on Thursday. The world’s largest household products company has about 57,000 non-manufacturing employees among its total workforce of … Continue reading
BC | Hiring surge for tech sector
British Columbia’s technology sector appears to have weathered the global downturn and expects to create more than 3,000 new jobs in 2012, according to a new survey from the B.C. Technology Industry Association. The group’s bi-annual TechTalent B.C. survey showed the industry expects a five per cent growth in jobs this year with demand highest … Continue reading
Jobs boost as call centre relocates from India to Simonstone – Business News – Pendle Today
A FORMER Burnley College student has given the local jobs market a boost thanks to 5,000-mile relocation. Mr Nigel Eastwood, who studied A-Levels in biology, chemistry and environmental studies, has relocated the customer service operations of New Call Telecom from New Delhi, India, to Simonstone. New Call Telecom, the fastest growing home phone and broadband … Continue reading
Eurozone enters ‘mild recession’ – RTÉ News
EU Economic and Monetary Affairs Commissioner Olli Rehn has said that Ireland’s economy is continuing to recover. Mr Rehn said that the EU-IMF bailout has contributed to the recovery through financial assistance and the restructuring and recapitalisation of the banking sector. This is despite figures showing an expected slowdown in exports and an increase in … Continue reading
Sterling Savings Bank lays off 6% of workers – Portland Business Journal
Sterling Financial Corp. has laid off 6 percent of its workers, or 160 people, the bank announced in a filing Friday with the U.S. Securities and Exchange Commission . The layoffs will save the bank around $15 million in annual payroll. The bank is not releasing information about the number of layoffs in specific … Continue reading
China’s Slowdown – EconoMonitor
Yesterday I was on China Radio International (CRI) talking about the latest figures and trends for the Chinese economy: the drop in real estate, record bank profits, weak trade and PMI data, and persistent inflation. The overarching question was whether the perceived slowdown in China’s economy is real, and how worried we should be about … Continue reading
Just How Important Is Manufacturing? – Willy C. Shih – HBS Faculty – Harvard Business Review
Having a strong domestic manufacturing base is vital to the United States maintaining its world leadership in innovation. That is because advanced manufacturing provides an important institutional foundation for learning and developing process skills and capabilities that are increasingly intertwined with core R&D in some of the industries most important to the country’s economic future. … Continue reading
Data Suggest Euro Zone May Slide Back Into Recession – EU Business News – CNBC
The euro zone’s service sector shrank unexpectedly this month, reviving fears that the economy risks sinking into recession, a business survey showed on Wednesday. Markit’s Eurozone Services Purchasing Managers’ Index (PMI) fell to 49.4 from January’s 50.4, missing even the lowest forecast in a Reuters poll of 44 economists whose predictions centred on a rise … Continue reading
The Wealth Gap – Inequality in Numbers – BBC News
Until protestors took to the streets last year, first in New York and then in financial centres across the world, inequality had been a low-key issue. Not any more. With the political temperature rising, a stream of new analysis is revealing how sharply inequality has been growing. In October, the US Congressional Budget Office (CBO) … Continue reading
Foxconn’s Other Dirty Secret: The World’s Largest ‘Internship’ Program | Motherboard
In June 2010, a university student named Liu Jiang arrived in the southern Chinese city of Foshan to begin his summer internship, at a factory that produces LCD screens for laptops and cell phones for the manufacturing giant Foxconn. As a student at the Dongfang Vocational School of Technology in the northern city of Shijiazhuang, … Continue reading
OECD | World | Migration | Brain Drain : A new Report
“Conventional wisdom suggests that international migration of the highly skilled from poor to rich countries — the so-called brain drain phenomenon — threatens development.” writes the OECD in its new report Migration and the Brain Drain Phenomenon. It then adss: “Comparing emigration rates of the highly educated — the share of a country’s nationals with a … Continue reading
USAjobs.gov struggles after feds take it back from Monster.com – Computerworld
User complaints mount as site’s availability takes a hit. Former operator Monster offers free job ad postings to government agencies “The federal government’s central website for posting thousands of federal job openings, USAjobs.gov, has seen performance problems and complaints about searches since the government took it back this month from Monster.com, which had been running the … Continue reading
How Job Seekers Are Using Mobile Apps [INFOGRAPHIC]
The jobless rate is hovering above 9%, and job seekers have to be more savvy than ever to land a job. In fact, 77% of job-seekers are using mobile apps in their search. Why mobile? For one thing, people almost always have their phones on them, which means they can get job leads on the … Continue reading
OECD | Divided We Stand: Why Inequality Keeps Rising | 10 links
Tax and benefit systems play a major role in reducing market-driven inequality, but have become less effective at redistributing income since the mid-1990s. The main reason lies on the benefits side: benefits levels fell in nearly all OECD countries, eligibility rules were tightened to contain spending on social protection, and transfers to the poorest failed … Continue reading
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