Job Market Monitor
Economy
Germany – The number of jobless remained above 3 million
Unemployment in Germany fell in March, according to the latest figures from the Federal Employment Agency (BA), but the number of jobless remained above 3 million. The positive trend, albeit a slight one, left overall unemployment in Germany at 7.1 percent, one of the lowest in the 18-nation eurozone. Compared to one month ago, some … Continue reading
ATT – Over 3,000 hires
AT&T* will hire more than 3,000 retail sales and sales management employees nationwide over the next several months. The new employees are needed to meet increased customer demand in the company’s growing retail business. “AT&T’s award-winning retail team is focused on delivering an extraordinary customer experience with every interaction,” said Paul Roth, president of retail … Continue reading
ADP on US National Employment Report – Private sector employment increased by 191,000 jobs from February to March
Private sector employment increased by 191,000 jobs from February to March according to the March ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, … Continue reading
Ford in Russia – To cut about 950 jobs
Ford Motor Co. (F:US)’s Russian joint venture is cutting about 950 jobs at two factories in response to the falling ruble and deteriorating demand in the country. A car plant run in partnership with OAO Sollers near St. Petersburg will eliminate about 700 positions as it drops a work shift in June, John Gardiner, a … Continue reading
Europe – In February 2014, 5.392 million young persons (under 25) were unemployed
The euro area (EA18) seasonally-adjusted unemployment rate was 11.9% in February 2014, stable since October 2013. It was 12.0% in February 2013. The EU28 unemployment rate was 10.6% in February 2014, down from 10.7% in January 2014. It was 10.9% in February 2013. These figures are published by Eurostat, the statistical office of the European … Continue reading
Monetary Policy in US – Yellen: The Fed is determined to improve employment situation
Janet Yellen, the Federal Reserve chairwoman, devoted more than an hour last week talking by telephone with three Chicago area residents struggling to find jobs. On Monday, she made their stories the centerpiece of the first public speech in her new job, delivering a strong statement about her concern over unemployment, her conviction that the … Continue reading
Getting in Europe – Over 17 million people from third countries around the world submitted visa applications
Last year over 17 million people from third countries around the world submitted visa applications to enter the Schengen area. This is certainly a striking figure, but what is even more striking are the estimations that at least 6.6 million potential travellers did not enter the Schengen area in that same year due to lengthy … Continue reading
UK – A closer look at the rise in self-employment
Government ministers like to talk about the jobs created on their watch, but over the last few years lots of people have been creating their own jobs. Three quarters of the increase in employment since 2008 has come from self-employment. Source: ONS employment statistics Some have hailed this as the sign of a new entrepreneurial … Continue reading
Canada – Lies, damn lies and jobs numbers
That data shows that the government’s claims about strong job growth, like Flaherty’s above, are more than a little misleading. A slightly better measure is the unemployment rate. Of the seven years after the Conservatives took office, Canada’s unemployment rate was higher than the OECD average for four years and lower for three. The latest … Continue reading
NAFTA – Nearly 700,000 U.S. jobs have been lost or displaced writes the AFL-CIO
Twenty years later and what have we learned from the North American Free Trade Agreement (NAFTA)? Nearly 700,000 U.S. jobs have been lost or displaced, union density in the United States, Mexico and Canada fell and income inequality has increased. The AFL-CIO’s new report, NAFTA at 20, discusses how current U.S. trade policy has failed to … Continue reading
France – The number of people registered as jobless reached a record 3,347,700
Unemployment in France rose 0.9% in February, the labour ministry announced Wednesday, with almost 3.35m now jobless. Following a pasting in local elections last Sunday, the latest data is more grim news for President François Hollande. The second round of voting will be held this Sunday. The data show that the number of people registered … Continue reading
Job Market in Canada – Stephen Harper’s theory doesn’t fit the facts
Reality, as Prime Minister Stephen Harper is discovering, can poke holes in the most elegant of theories. In this case, the theory is the Conservative view of how Canada’s economy works, a view that goes something like this: Yes, the country suffered an economic recession but that’s over. Yes, there is still high unemployment — … Continue reading
UK – Royal Mail to cut 1,600 jobs
Royal Mail is planning to cut 1,600 roles as part of a drive to cut costs, mainly among its head office managerial staff. The postal delivery service says the net effect will be 1,300 job losses, as it plans to create 300 new or enhanced roles at the same time. It says the cuts are … Continue reading
Finnair – To Cut 680 Jobs
Helsinki, 27 March 2014. Steep losses forced Finnair to lay off about 680 workers and suspend several dozen aircraft orders. Finnair has started employee consultations with its personnel in administrative and support functions as well as cabin attendants. “We still hope to achieve results in negotiations, outsourcing and redundancies are always a secondary option. The measures are part of … Continue reading
Finland – Unemployment above 9 percent
According to Statistics Finland some 241,000 persons were unemployed in Finland in February, bringing the unemployment rate to 9.1 percent compared to 8.7 percent one year ago in 2013. In January of this year, the jobless rate was recorded at 8.5 percent. The agency added that the number of persons in the inactive work population … Continue reading
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