Job Market Monitor
Economy
Alcatel-Lucent / To slash 10,000 more jobs
Telecoms equipment maker Alcatel-Lucent plans to cut 10,000 jobs in a bid to slash costs. 900 of those job losses will be made in France. Continue reading
Banca Monte dei Paschi di Siena SpA / To cut another 3,360 jobs
Banca Monte dei Paschi di Siena SpA, Italy’s third-biggest bank, pledged to cut an additional 3,360 jobs and increase capital to win support from the European Union for 4.1 billion euros ($5.6 billion) in state aid Continue reading
Amazon in Poland / To create 6,000 jobs
Amazon.com Inc. (AMZN:US), the world’s largest e-commerce company, will hire 6,000 permanent employees in three new logistics centers in Poland to build capacity for further expansion in Europe. The Seattle-based company plans to open two centers near Wroclaw in southwestern Poland and one facility near the city of Poznan, 150 miles east of Berlin, Amazon … Continue reading
Canada / The job recovery isn’t producing enough to adequately absorb the natural expansion in labour force
U.S. Federal Reserve chairman Ben Bernanke often emphasizes that it is not good enough to have a growing economy; what is needed is sufficient growth to absorb the expanding labour force that naturally accompanies a growing population. Canada’s labour market is in better shape than America’s, but Mr. Bernanke’s point applies equally here, especially since … Continue reading
EU-US Trade deal / 160,000 jobs would be created in Germany says a report
A free trade agreement between the USA and European Union could create 160,000 jobs in Germany, a report claimed on Friday. Talks about a deal are set for Monday. Continue reading
US / Workers make less now than before the recession
American workers are making less than they did in 2007, before the financial crisis, according to new data from PayScale Continue reading
US Employment / Payroll to Population Rate at 43.5% in September says Gallup
The U.S. Payroll to Population employment rate fell slightly to 43.5% in September, from 43.7% in August Continue reading
Greece / Unemployment at 34% by 2016 according to a study by GSEE’s Employment Institute
According to a study by GSEE’s Employment Institute, the rate of unemployment in Greece will climb to 34% by 2016 Continue reading
APEC / Visa facilitation could create up to 2.6 million jobs report says
Visa facilitation could create up to 2.6 million jobs in the Asia-Pacific Economic Cooperation (APEC) economies by 2016, according to the United Nations World Tourism Organization (UNWTO) Continue reading
US / ADP Report shows that the job market appears to have softened in recent months.
“The job market appears to have softened in recent months. Fiscal austerity has begun to take a toll on job creation,” the report said. Continue reading
Canada / Give the provinces full control over EI says Conservative Senator Diane Bellemare
In Créer et partager la prospérité (Creating and Sharing Prosperity), Ms. Bellemare argues for giving the provinces full control over EI. While employee and employer premiums would be the same across Canada, each province would be able to set eligibility rules and decide how to split the funds collected between cash benefits for the unemployed and training programs Continue reading
Outokumpu / To cut 1,000 More Jobs
Outokumpu Oyj (OUT1V), the Finnish steelmaker that bought ThyssenKrupp AG (TKA)’s Inoxum unit last year, said it will dismiss 1,000 more employees in Europe to compensate for overcapacity amid a supply imbalance Continue reading
Merck / To cut 8,500 jobs
Merck & Co, taking a cue from rival drugmakers that have slashed research spending to bolster earnings, on Tuesday said it plans to cut annual operating costs by $2.5 billion and eliminate 8,500 jobs. Merck, whose shares rose 2.2 percent, said it aims to narrow its focus to products with the best chance of winning … Continue reading
US / Population Growth Does Not Equal Economic Growth writes Richard Florida
There is little, if any connection, between population growth and economic growth Continue reading
Canada / The Jobs Data Mystery goes on (Well, we know that the LFS sample is small…)
Statistics Canada released payroll data Friday for the month of July, numbers that come nearly two months after the agency released the closely-watched labor force survey for that same month. Continue reading
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