Job Market Monitor
Economy
US / Creating Jobs Is Key to Improving Economy survey finds
Job creation and hiring top Americans’ list of what federal gov’t, businesses can do As lawmakers in Washington focus on opening the government after the Oct. 1 partial shutdown, raising the debt limit, and debating the merits of the Affordable Care Act, Americans say creating jobs is the most important way for the federal government … Continue reading
Tieto (Finland) / To cut a further 5 pct of workforce | Reuters
The latest cuts follow 1,600 job losses in a restructuring announced in March 2012 and completed this year Continue reading
Nigeria / Unemployment worsened after President Goodluck Jonathan assumed office
According to the report released by the National Planning Commission Continue reading
Illinois / Losing over 130,000 manufacturing jobs in the past decade
It’s hard not to notice the disappearance of Illinois’ manufacturing sector. Anyone driving through the outskirts of Peoria can witness the closed buildings and half-abandoned neighborhoods. Cities all across Illinois have seen a similar story unfold. Illinois’ manufacturing base has been in decline, losing over 130,000 manufacturing jobs in the past decade. Chosen excerpts by … Continue reading
Canada / Unemployment rate declined to 6.9% as fewer youths searched for work
Employment was up 1.2% (+212,000) compared with 12 months earlier Continue reading
Teva / The drug company to cut 5,000 jobs
Teva Pharmaceutical Industries will cut about 5,000 jobs, 10 percent of its workforce Continue reading
Australian / Jobless rate dropped to 5.6 percent from 5.8 percent, but not a good news
Australia’s unemployment rate unexpectedly declined in September, adding to evidence a two-year interest rate cutting cycle is boosting demand. The jobless rate dropped to 5.6 percent from 5.8 percent, the statistics bureau said in Sydney today. That compares with the median estimate for unemployment to hold steady in a Bloomberg News survey of 26 economists. … Continue reading
Fed Nomination / Obama Praises Yellen
President Obama on Wednesday announced what he called perhaps his most important economic decision, nominating Janet L. Yellen to lead the Federal Reserve system and be his independent co-steward of the economy, calling her “one of the nation’s foremost economists and policy makers.” Ms. Yellen, 67, would be elevated from the Fed’s vice chairwoman to … Continue reading
Canada / Encourage Americans to head north and fill skilled positions says Conference Board
That’s the recommendation of a new that makes some interesting points while coming to what some may consider a controversial conclusion Continue reading
Counterfeiting / 270,000 jobs lost
270,000 is the estimated figure of lost jobs in the last ten years worldwide. Of these, 125,000 were lost in the European Union. Continue reading
India / World Bank calls National Rural Employment Guarantee Act a stellar example
The World Development Report 2014 has described the Mahatma Gandhi National Rural Employment Guarantee Act as a “stellar example of rural development\”. At the heart of the World Bank’s endorsement is the direct cash transfer (to bank and postal savings accounts) component of the rural employment programme. NREGA has been described as the perfect example … Continue reading
US / The nonprofit sector employs nearly 18 times more workers than the nation’s utilities industry
A MAJOR ECONOMIC FORCE The data reported here confirm the enormous scale of the nonprofit workforce. U.S. nonprofit establishments employed nearly 10.7 million paid workers in 2010. This accounts for 10.1 percent of our nation’s total private employment and makes the U.S. nonprofit workforce the third largest among U.S. industries, behind only retail trade and … Continue reading
ProRail / The dutch railway operator to cut 600 jobs
ProRail, the state-owned Dutch railway network operator, is cutting its workforce by 15% over the next three years. Continue reading
UK / Royal Mail will cut thousands of jobs
Royal Mail has warned that thousands of postal workers will lose their jobs following its controversial privatisation. Continue reading
(Update) Alcatel-Lucent / To slash 10,000 more jobs but the government demands to “revise” the plan
French Prime Minister Jean-Marc Ayrault on Wednesday demanded that troubled telecoms company Alcatel-Lucent “revise” its plans to cut 10,000 jobs worldwide, including 900 in France Continue reading
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