Job Market Monitor
Economy
US / Jobless claims rise, but backlogs might distort data
The number of Americans filing new claims for jobless benefits rose last week, but it was difficult to get a clear read on the labor market’s health because a Labor Department analyst said two states appeared to be working through a backlog of unprocessed claims Continue reading
(Update) RIM – Blackberry / To lay off 4,500 employees
BlackBerry could lay off as many as 5,000 employees in the coming months in an effort to return the smartphone maker to profitability, according to a media report Continue reading
Behind the German jobs miracle, the Jobs Centers (Bundesagentur für Arbeit, or BA) with the motto “Challenge and encourage”
“Challenge and encourage” is the motto under which job seekers—including welfare recipients, who had previously been invisible in unemployment statistics—will be mobilized, using all of the measures at the government’s disposal Continue reading
France / A €3.5 billion plan for ‘third industrial revolution’ to create 470,000 jobs
French President François Hollande hopes to create 470,000 jobs by injecting €3.5 billion in 34 key industrial sectors, but he will need Europe’s help. Continue reading
Germany / As many as 3 million people earn less than €6 ($7.90) per hour
As many as 3 million people in Europe’s top economy earn less than €6 ($7.90) per hour, meaning Germany has one of the biggest shares of low-wage jobs in Europe, a fact that Merkel’s critics have jumped on in the campaign Continue reading
STX Finland / 700 jobs cut
Ship builder STX Finland says it will shut down the yard where some of the world’s largest cruise liners were built Continue reading
Air France / New massive job cuts to come
The French airline Air France is putting together a new personnel-reorganization plan that includes the elimination of around 3,000 additional jobs throughout the company. The exact number of jobs to be cut will be announced in early October Continue reading
Education in US / Most States’ School Funding Tumbles Since Recession
More than two-thirds of U.S. states are spending less per child on schools than they were five years ago, a study found, showing how slowly governments are replacing funding that was cut because of the recession Continue reading
The fith anniversary of the day that Lehman Brothers collapsed / Charts You Need To See
Here are charts that capture the scope and struggles of the Great Recession, five years after it began Continue reading
US / Where Job Growth Will Come Over This Decade
A look at the industries expected to generate the most job growth in the next seven years Continue reading
Philippines’ Job Market / Tri-partite coalition needed says World Bank
Citing the country’s stellar economic growth and political stability, the World Bank said implementing reforms needed to address lack of jobs in the country is now Continue reading
US Gender Jobs Gap / Women have regained all jobs lost during the Great Recession
U.S. women have recovered all the jobs they lost to the Great Recession. The same can’t be said for men, who remain 2.1 million jobs short Continue reading
New York State / $45B investment to Marcy nano site would bring 5,000 jobs
New York state and an array of private partners are poised to make a $10 billion to $15 billion investment in the chip fabrication site in Marcy Continue reading
‘Spain’s recovery is a scandal’ says Austrian MEP
“Do you know how many jobs were created in the last month (in Spain)? Thirty-one,” Continue reading
Greece / Unemployment hits new record at 27.9 pc with with 58.8 pc for youth
The unemployment rate rose to 27.9 percent of the workforce in June, with 58.8 percent of young people jobless Continue reading
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