Job Market Monitor
Economy
Employment in the Arab World – The demographic “youth bulge” represents one of the greatest opportunities, as well as one of the greatest challenges
The demographic “youth bulge” represents one of the greatest opportunities, as well as one of the greatest challenges, faced by the Arab World. With more than half of its population under 25 years old and the world’s highest regional youth unemployment rate, the Middle East and North Africa region stands at a critical juncture. This … Continue reading
Canada – Employment rose for the second consecutive month, up 43,000 in October, UR at 6.5%, the lowest rate since November 2008
Employment rose for the second consecutive month, up 43,000 in October. This pushed the unemployment rate down 0.3 percentage points to 6.5%, the lowest rate since November 2008. In the 12 months to October, employment rose by 182,000 (+1.0%), with the growth in September and October of this year accounting for two-thirds of this increase. Compared with October 2013, part-time employment rose by 101,000 (+3.0%) and full-time employment … Continue reading
US – Total nonfarm payroll employment rose by 214,000 in October, UR at 5.8 percent
Total nonfarm payroll employment rose by 214,000 in October, and the unemployment rate edged down to 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, retail trade, and health care. Household Survey Data Both the unemployment rate (5.8 percent) and the number of unemployed persons (9.0 … Continue reading
Australia – Investigations on The Labour Force estimates
This statement provides background information on issues identified in seasonally adjusted labour force estimates over the period July-September 2014, on the investigations undertaken to understand these issues and the proposed approach for the release of the October 2014 labour force estimates on 6 November 2014. The key points are: The ABS took the unusual step … Continue reading
Youth Unemployment in Jamaica – At 34.1 per cent in July 2014.
The Statistical Institute of Jamaica (STATIN) is reporting an 11 per cent decline in the unemployment rate for July compared with the similar period last year. In its July 2014 Labour Force Survey, STATIN says there were 179,000 unemployed persons in the country compared to 201,600 in July 2013. Unemployment among youth age 14-24 was … Continue reading
Mining Supply and Services in Ontario – Sustaining 68,000 direct and indirect jobs study finds
In 2011, Ontario’s mining supply and services sector contributed $3.9 billion to the province’sgross domestic product, and sustained around 68,000 direct and indirect jobs, according to to a new study published by the Canadian Association of Mining Equipment and Services for Export (CAMESE). CAMESE managing director Jon Baird said the study’s finding are historic, because … Continue reading
Australia – Unemployment at 6.2%, still near 12-year high
Australia’s jobless rate remained at the highest level in almost 12 years, a sign that many businesses are reluctant to hire in an uncertain economic climate and that interest rates may need to stay at record lows for a while yet. Unemployment stayed at a higher-than-expected 6.2% in October, the same as the recently revised … Continue reading
SNC-Lavalin – To cut 4,000 jobs
SNC-Lavalin Group Inc. is slashing almost 10 per cent of its global workforce and sharply revising downward its 2014 outlook as it exits underperforming businesses and imposes more cost-cutting measures. Montreal-based SNC said Thursday it will over the next 18 months scale back some activities and restructure and streamline some of its operations and corporate … Continue reading
Layoffs in US – Challenger reports employers announced 51,000 layoffs in October, up 68% from September
Announced layoffs swung higher last month, rising to about 51,000 in October, bouncing up from a 14-year low in September, according to data released Thursday by outplacement consultancy Challenger, Gray & Christmas. Led by retail job cuts, October’s announced layoffs were up 68% from 30,000 in September and 12% from 46,000 announced cuts in October … Continue reading
ADP US Employment Report for October 2014 – Private-sector employment increased by 230,000
Private-sector employment increased by 230,000 from September to October, on a seasonally adjusted basis. Highlights Small businesses (1-49 employees) +102,000 Medium businesses (50-499 employees) +122,000 Large businesses (500 or more employees) +5,000 via ADP National Employment Report – October 2014 | NER.
Immigrants in UK – 6 Facts about social and economic characteristics by length of residence
2011 Census data is analysed to explore differences in socio-economic characteristics between UK-born and different non UK-born populations over time. Talking points include qualifications, occupation, English language proficiency and national identity. 1. Of those born in China, the USA and Poland who were resident in the UK, a larger proportion arrived in the UK in 2007-11 … Continue reading
Volkswagen in China – Aims to create about 5,500 new jobs at its new component plant
Located in the Tianjin Economic Technological Development Area (TEDA) in North-East China, the plant is the 107th of the Volkswagen Group and has been built at an initial investment of 265 million (RMB 2.2 billion) to boost economic activity in Northern China. By 2019, it aims to create about 5,500 new jobs in the region. … Continue reading
Rolls-Royce – To cut 2,600 staff, mostly in the Aerospace division
British engineer Rolls-Royce (RR.L) plans to cut 2,600 jobs to save money and has replaced its finance director, aiming to restore confidence following two profit warnings in eight months. The world’s second-largest maker of aircraft engines said the job cuts, which will mostly come in the Aerospace division and will take 18 months to complete, … Continue reading
Regional Labour Markets in Europe – A Map
Employment rates The EU-28’s economically active population (also called the labour force) was composed of 242.2 million persons aged 15–74 in 2012, among which 216.9 million were employed and 25.3 million were unemployed (in search of work and available to work). To meet the Europe 2020 employment rate target an average increase of 0.8 points … Continue reading
Scotiabank – To cut 1,500 jobs
Scotiabank (TSX:BNS) warns that it’s cutting the equivalent of 1,500 jobs companywide – about two-thirds of them in Canada – and taking a number of accounting measures that will cut about $341 million from its profit for the fourth quarter. Despite the magnitude of the announcement, the bank said it remains on track to meet … Continue reading
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