Job Market Monitor
Economy
Canada Job Report / Employment up by 22,000, UR at 6.9% for the third month in a row
Employment continued on a slight upward trend for the third consecutive month, edging up 22,000 in November. The unemployment rate held steady at 6.9% for the third month in a row. So far this year, employment growth has averaged 13,400 per month, compared with an average of 25,400 over the same period in 2012. Chart 1 Employment Provincially, employment rose in Alberta and declined in … Continue reading
US Job Report / Total nonfarm payroll employment rose by 203,000 and UR down at 7.0%
Those are good news. But the employment-population ratio is lower than in was a year ago. This performance must be repeated for several months Continue reading
China / Grads encouraged to work in private firms
Statistics showed that applicants taking the civil servant exam this year totaled 1.52 million Continue reading
AOL / 20 layoffs
Layoffs hit AOL yesterday, Capital has learned. The majority of impacted employees worked on the editorial side of the AOL.com homepage, according to sources with knowledge of the cuts, who put the total number of pink slips around 20. The culling, one of numerous that have hit different areas of the web portal in recent … Continue reading
US / Government-financed jobs account for more than 25 percent of nonfarm payroll jobs in seven states
In 2012, public-sector employment made up more than 16 percent of the US labor market. Direct government employment fails to capture the full impact of government spending on state labor markets Continue reading
Qantas / To slash 1,000 jobs
Lower demand, a strong Australian dollar and steep fuel costs have put pressure on the airline and Qantas said conditions were expected to remain volatile next year. The airline expects to post pre-tax losses of between 250 million (£138m) and 300 million dollars (£165.5m) for the six months to December 31. Qantas is trying to … Continue reading
Obama’s Job Performance / Most Young People Are Unhappy
Young Americans are unhappy with virtually every major thing President Barack Obama has done since he was re-elected, but they would still vote for him today, according to the results of a Harvard University survey released on Wednesday. The national poll by Harvard’s Institute of Politics of more than 2,000 people aged 18 through 29 … Continue reading
Sun Media / 200 new layoffs
In the third round of layoffs in the past 13 months, Sun Media Corp. is eliminating 200 positions across the newspaper chain. About a quarter of the jobs will be cut from editorial, in what the corporation called a “response to the impact of digital.” As readers turn to digital media, newspapers have had difficulty … Continue reading
US / No evidence that lowering taxes on corporate profits will lead to more job creation Center for Effective Government finds
22 of the 30 corporations that paid the highest tax rates (30 percent or more) on their reported profits created almost 200,000 jobs between 2008 and 2012. Only eight of the 30 firms paying high tax rates reported reducing the number of employees between 2008 and 2012 Continue reading
Hewlett-Packard in UK / To cut 1,124 jobs says union
U.S. IT group Hewlett-Packard Co is set to cut 1,124 jobs in Britain at the start of next year, the Unite union said on Wednesday. Unite said it had attended a meeting where managers were outlining their plans to cut jobs at the group’s sites in Bracknell, Sheffield and Warrington in the first three months … Continue reading
Achmea / The biggest dutch insurer to cut 4,000 jobs over three years
The mutual insurer, which offers health care, property and casualty, pensions and life insurance, expects to cut 4,000 jobs of 19,000 employees in the Netherlands and other countries, the Zeist-based company said in a statement today. Compulsory job losses can’t be ruled out, it said. The cuts are in addition to a program announced in … Continue reading
US / 215,000 private sector jobs added in November says ADP
U.S. private employers added 215,000 jobs in November, topping economists\’ expectations, a report by a payrolls processor showed on Wednesday, reinforcing expectations the Federal Reserve may soon begin to wind down its asset purchases. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 173,000 jobs. The high end … Continue reading
Spain / The number of registered unemployed fell slightly
The number of Spaniards registered as unemployed fell slightly in November after rising in the previous month, with 4.8 million people out of work in the newly expanding economy Continue reading
Realty sector In India / 18-20% job losses in 12 months
Slower pace of approvals has broken the cycle of sales and cash flow, ultimately resulting in job losses Continue reading
Potash Corp. / To Cut Over 1,000 Jobs
Potash Corp. of Saskatchewan Inc. (POT) said Tuesday it will cut about 18% of its workforce, or more than 1,000 jobs, as it continues to grapple with slumping demand for potash and phosphate, two key fertilizer ingredients Continue reading
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