Job Market Monitor
Economy
UK – Unemployment at lowest in more than five years and real wage growth
Britain’s unemployment rate fell to its lowest level in more than five years in the first quarter of 2014, helped by a record number of people getting jobs. Pay growth rose more than inflation for the first time since 2010 but was below forecasts. The latest signs of recovery in the labour market come shortly … Continue reading
Qantas – As many as 300 pilots could be laid off
Qantas has started a major pilot redundancy program for the first time in decades that will ultimately target as many as 300 pilots it believes are excess to the financially troubled and shrinking airline’s needs. The company has not specified how many jobs it will target in the first round, but it is believed to … Continue reading
Infrastructure Jobs in US – 14.2 million workers
In 2012, 14.2 million workers were employed in infrastructure jobs across the country, accounting for 11 percent of national employment. Truck drivers, electricians, and civil engineers are among the occupations employing the most workers overall, the broad majority of whom (77 percent) focus on operating infrastructure rather than its construction (15 percent), design (6 percent), … Continue reading
Canada – Employment decreased by 29,000 in April
Employment decreased by 29,000 in April, and the unemployment rate was unchanged at 6.9% as the number of people participating in the labour market edged down. There has been little overall employment growth in Canada since August 2013. On a year-over-year basis, the number of people working rose by 0.8% or 149,000, evenly split between part-time and full-time work. Chart 1 Employment … Continue reading
Greece – Unemployment down for fifth straight month (to 26.5 percent)
Greece’s jobless rate improved in February to its lowest rate in more than a year, data showed on Thursday, in another sign the Greek economy is emerging from a crippling six-year slump. Unemployment dropped for a fifth consecutive month, to 26.5 percent from a downwardly revised 26.6 percent the month before, the Greek statistics service … Continue reading
Boston Fed / To cut 160 jobs
The Federal Reserve Bank of Boston will cut nearly 15 percent of its workforce in the next three to four years — the largest layoff at the institution in more than a decade. Last week bank officials informed 160 employees — an entire division — that their jobs would be eliminated because a key customer, … Continue reading
5 Challenges Facing the Indian Job Market
(Guest post by Sarah Brooks*) – The world is watching as the General Election unfolds in India, with many hoping that a possible election of Narendra Modi as Prime Minister will give the Indian economy the jolt it so desperately needs. The new leader will definitely have his work cut out for him, as India … Continue reading
Barclays – To cut 19,000 jobs over three years
As part of a new strategy, the investment part of the bank will lose about 7,000 jobs by the end of 2016. Barclays’ investment bank has been hit by a slowdown in the demand for government and company debt. Barclays will also set up a “bad bank” which will eventually sell or run down £115bn … Continue reading
Canada – Jacob retail chain closing its 92 stores – 2,000 jobs gone
After years of financial struggles, the Jacob retail chain announced Tuesday it is closing its 92 stores across Canada. “It’s a very sad day for retail in Quebec,” said analyst Terry Henderson of J.C. Williams Group. “Joey Basmaji was an icon,’’ he said of the founder of the family-owned fashion chain.Stores will remain open for … Continue reading
EU’s long-term growth and jobs plan – A public consultation launched
The Commission has launched a public consultation on the Europe 2020 strategy, the EU’s long-term growth and jobs plan. The consultation will be open until 31 October 2014. Through this public consultation, the Commission is seeking the views of all interested people and organisations on the Europe 2020 strategy. The aim of the consultation is … Continue reading
Basic Facts About the American Economy and Canada
1) The largest destination for U.S. goods exports is Canada. The second largest is Mexico. China is third. Census 2) We import the most stuff from China. Maybe you did know that. But Canada is second. Census 3) Canada is our largest overall trading partner. We’re just really lucky to have them (and of course … Continue reading
US in April – Total nonfarm payroll employment rose by 288,000 and UR down at 6.3 percent
Total nonfarm payroll employment rose by 288,000, and the unemployment rate fell by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Employment gains were widespread, led by job growth in professional and business services, retail trade, food services and drinking places, and construction. Household Survey Data In … Continue reading
EU28 in March 2014 Unemployment rate was 10.5%, 11.8% for the euro area
The euro area (EA18) seasonally-adjusted unemployment rate was 11.8% in March 2014, stable since December 2013, but down from 12.0% in March 2013. The EU28 unemployment rate was 10.5% in March 2014, stable compared with February 2014, but down from 10.9% in March 2013. These figures are published by Eurostat, the statistical office of the … Continue reading
Planned Layoffs in US for April – Up by 17% but still down for 2014
Job cut announcements by U.S.-based companies rose 17% in April from March, as employers in retail and financial services continued to shed workers, according to outplacement firm Challenger, Gray & Christmas. Employers reported plans to shed 40,298 workers last month, according to Challenger’s monthly report. That was up from 34,399 in March and 6% higher … Continue reading
Ashland (maker of Valvoline) – To cut 800 jobs
Covington-based Ashland Inc. announced Wednesday it will reduce its global workforce by 800 employees, or 5 percent by the end of 2014. The jobs eliminations will come through a voluntary severance program or layoffs. Ashland did not disclose the location of the layoffs. The company employs 15,000 workers at 29 manufacturing facilities in 17 countries … Continue reading
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