Job Market Monitor
Economy
Tunisia – Addressing Youth Unemployment
How can the transitional government begin to address youth unemployment in light of low growth? In the two decades prior to the 2011 uprising, Tunisia has grown at a steady rate, but the economy failed to produce jobs. Unemployment increased in 2011 to over 18 percent and remains high at around 17 percent. There are … Continue reading
UK / Thousands of low-skilled food manufacturing jobs are likely to go unfilled
Thousands of low-skilled food manufacturing jobs are likely to go unfilled as the industry focuses on filling high-skilled jobs vacancies, the industry has warned. There is a large demand for workers with basic skills in UK food manufacturing, despite the large number of graduates seeking jobs. Although the sector faces a skills shortage, most people … Continue reading
Credit Suisse / Cut up to 500 jobs to be announced
Credit Suisse could cut up to 500 jobs at its private bank as part of a cost-saving drive, a Swiss newspaper reported on Sunday. The Schweiz am Sonntag said Hans-Ulrich Meister, co-head of Credit Suisse’s private bank, is working on a plan to cut up to 500 positions worldwide, of which around half could be … Continue reading
Volvo – To cut 450 jobs in Sweden
Truck maker Volvo’s construction equipment unit plans to cut 450 jobs in Sweden due to lagging profitability and an unfavourable product mix, its European head of production said on Thursday. Jorgen Svenningsson said the company hoped to be able to solve the issue on a voluntary basis and that none of the employees had been … Continue reading
Canada – Job vacancies rate at its lowest level since the data are published
Canadian businesses reported 200,000 job vacancies in December, down 21,000 compared with 12 months earlier. There were 6.3 unemployed people for every job vacancy, up from 5.7 in December 2012. The increase in the unemployment-to-job vacancies ratio was the result of fewer job vacancies, as the number of unemployed people was little changed. Unemployment-to-job vacancies ratio increases in Alberta and Saskatchewan In Alberta, there were 2.3 unemployed people … Continue reading
US – What would explain the slowdown in growth ?
What would explain the slowdown in growth, if the culprit isn’t some version of unused capacity? It’s not as if the entire U.S. woke up one morning in 2008 and decided, “I’m going to be less productive today and every day going forward.”… Investments to expand capacity don’t happen when the capacity that already exists … Continue reading
Deutsche Bank – New layoffs to come
Deutsche Bank AG (DBK), Germany’s biggest bank, plans to cut more jobs at its investment bank to lower costs as business stagnates, two people with knowledge of the plan said. The bank is weighing the reductions, which come in addition to the 2,000 announced in 2012, over the coming months across its corporate finance, capital … Continue reading
UK – Employment continues to increase, unemployment to fall writes ONS
Latest estimates show that the number of people in employment continued to increase. Unemployment continued to fall, as did the number of economically inactive people aged from 16 to 64. These changes continue the general direction of movement over the past two years. The unemployment rate for 16 to 24 year olds was 19.8% … Continue reading
Continental Ag – To create 7,000 new jobs
Continental AG, the leading German automotive manufacturing company specializing in tires, brake systems, automotive safety, powertrain and chassis components said it plans to increase its employee count by around 7,000 in 2014 – from 178,000 in 2013 to 185,000 by the end of the year. The company said it plans to increase sales by 5 … Continue reading
Chrysler – To hire 1,000 at Jeep plant
After running its employees flat-out building Jeeps in Toledo, Chrysler Group is about to give them a break. It plans to hire up to 1,000 part-time employees at its Toledo Assembly complex to take some of the burden off full-time employees and give them some time off, The Blade in Toledo reports. Most will get … Continue reading
US – Jobs, Economy, Gov’t are top priorities finds Gallup
Three issues — unemployment, the economy in general, and dissatisfaction with government — dominate when Americans name the most important problem facing the nation. Nineteen percent mention unemployment or jobs, 18% say dissatisfaction with government, and 17% the economy in general. Unemployment edged out the other two issues in February, but dropped slightly in March. … Continue reading
Australia – Unemployment rate holds steady and almost 50,000 new jobs
AUSTRALIA’S jobs market roared back to life in February, generating almost 50,000 new jobs, more than enough to offset announced high-profile losses at Qantas, Alcoa, Holden and Toyota. An increase in the number of people looking for work helped keep the national unemployment rate unchanged at 6 per cent for the second month in a … Continue reading
The Ageing Workforce in Europe – A report from The Economist Intelligence Unit
Historically low birth rates and increasing life expectancy mean that Europe’s working population is ageing fast. In 2012, the continent reached an inevitable demographic tipping point. The percentage of the population at working age fell for the first time in 40 years. It is now forecast to fall every year until 2060. This inescapable trend … Continue reading
UniCredit – To cut cut 8,500 jobs by 2018
Leading Italian bank UniCredit has posted a massive loss of 14 billion euros for 2013. Much of that was as it wrote off bad loans that it knows will never be repaid, along with so-called goodwill – the paper value of assets – in Italy, Austria and central and eastern Europe. The writedowns are to … Continue reading
Jobs in US Tech-Sector – About 3.9 million workers, roughly 3% of the nation’s payroll workforce
To get a sense of the Web’s impact on employment, we analyzed data from the Occupational Employment Statistics program, a joint federal-state effort to catalog the structure and compensation of the nation’s workforce. The program sorts wage and salary workers into some 800 different occupations, from CEOs to short-order cooks. Twice a year, the program … Continue reading
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