Job Market Monitor
Economy
Europe / Euro area unemployment rate at 12.2%, 24.1% for youth
The number of people out of work in the euro zone rose slightly in September, according to official data published on Thursday, showing that signs of renewed economic growth have not yet filtered through to the labor market. (via Jobless Rate in Euro Zone Stays at Record – NYTimes.com.) The Official Release The euro area (EA17) … Continue reading
UK / Two Yorkshire councils cut 1,000 jobs
TWO Yorkshire councils have drawn up plans to cut about 1,000 jobs in a further round of spending cuts. Bradford Council is looking to reduce the number of posts by 696 over the next two years and neighbouring Kirklees Council expects to shed 300 posts next year. Council leaders in Bradford have drawn up budget … Continue reading
Germany / Unemployment at one-year low but …
In 2013, unemployment in Germany was never lower than in the month of October, and more Germans than ever in the past 23 years had a job. But latest figures also show that the German jobs boom is faltering. In October, some 2.8 million Germans were officially registered as unemployed – about 47,760 less than … Continue reading
US / Mid-sized firms add more than 1.25 million jobs in 2013 while large corporations cut more than 3 million jobs
Mid-sized firms are on track to add more than 1.25 million jobs in 2013, which would account for 7 out of every 10 new jobs created this year. In addition, the nearly 200,000 companies representing the U.S. middle market grew revenue at 5.5% over the past 12 months, more than double the rate of S&P … Continue reading
Embraer / To add 600 jobs in Florida
After opening an aircraft assembly facility in Jacksonville, Embraer is still growing its Florida presence. The state is working on a deal that could add 600 jobs at Melbourne International Airport. Gov. Rick Scott announced Tuesday that Embraer jet manufacturer has selected the Space Coast airport to build its Legacy 450 and Legacy 500 planes. … Continue reading
Thomson Reuters / To cut 3,000 jobs
Financial news and data provider Thomson Reuters has said it will cut a further 3,000 jobs as part of a continuing cost-saving plan. The latest cuts are in addition to 2,500 job losses announced in February. Like the earlier cuts, the jobs will mainly go in its financial and risk unit, responsible for renting out … Continue reading
Japan Tobacco / To cut 1,600 jobs
Japan Tobacco Inc. (2914) is cutting 1,600 jobs and closing four factories in the country as part of its plan to boost domestic competitiveness and profitability. The job cuts, or about 18 percent of the company’s workforce, will be made through a voluntary retirement program that will be offered to eligible employees in the Japanese … Continue reading
US / Private job gains lowest in six months reports ADP
Private-sector employment growth slowed in October, as firms adding the fewest jobs in six months and Washington’s partisan bickering over spending hit the labor market, payrolls processing firm Automatic Data Processing Inc. reported Wednesday. Private employers added 130,000 jobs this month — the fewest since April — down from 145,000 in September, according to ADP. … Continue reading
Sears Canada / To cut nearly 1,000 jobs as 5 stores close
Nearly 1,000 people could be out of work after Sears Canada announced Tuesday it will be closing five stores in the hopes of saving $400 million Continue reading
UK / Tata Steel cut around 500 jobs
Tata Steel, Europe’s second-largest steel producer, said on Tuesday it could cut around 500 jobs under plans to restructure the part of its British business that supplies the construction and engineering industries. Changes to its long products business – which makes tubes, rails and rods, used in many industrial sectors – will affect management and … Continue reading
Amazon / Was President Obama right on its high-wage jobs ?
When President Obama delivered a major economic address over the summer, he did so from an Amazon distribution center in Chattanooga, Tenn, “a perfect example of the company that is investing in American workers and creating good, high-wage jobs” Continue reading
Standard Chartered / Cut 2,000 jobs last year but hired 2,000 compliance and legal staff in 3 years
Standard Chartered has hired around 2,000 people to work in compliance and legal functions over the last three years despite paring back on its employee headcount overall. Speaking on an investor’s call, following Standard Chartered’s interim management statement, the bank’s chief financial officer Richard Meddings also revealed that overall headcount has actually fallen by 2,000 … Continue reading
China / 10.66 million urban jobs added
China’s urban unemployment rate dipped last month with the Asian nation creating 10.66 million new jobs in cities during the first nine months of the year. Continue reading
Canada / Number of people receiving regular Employment Insurance (EI) benefits up 1.5% (+7,800)
In August, 511,900 people received regular Employment Insurance (EI) benefits, up 1.5% (+7,800) from July. Compared with August 2012, the number of beneficiaries fell by 7.8%. The majority of provinces saw increases in the number of beneficiaries in August compared with July, most notably Alberta, British Columbia, Nova Scotia and Quebec. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
Volvo / To cut 2,000 jobs
Truckmaker Volvo is cutting 2,000 jobs after investments in new models and a rising Swedish kronor held back third-quarter profits Continue reading
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