Job Market Monitor
Economy
Korea / Unemployment rate unchanged at 3.2 percent in July – The China Post
South Korea’s jobless rate was unchanged at 3.2 percent in July, Statistics Korea said Wednesday, after new employment openings in education and social services offset losses in the manufacturing sector Continue reading
US / Cloud computing projected to add 671,300 jobs by 2020
Cloud computing jobs are multiplying, new data shows, prompting debate over whether the new positions are taking the place of other work or becoming a net positive to employment in general Continue reading
Rio Tinto in Mongolia / 2000 jobs lost
Job losses from the mining sector continue to flow with a major Rio Tinto (ASX: RIO) contractor axing some 2,000 employees at the mining giant’s Oyu Tolgoi gold and copper project in Mongolia Continue reading
Salzgitter / To Cut 1,500 Jobs
Germany’s Salzgitter AG (SZG.XE) said Wednesday it will cut more than 1,500 jobs in response to the crisis in Europe’s steel industry, which prompted a profit warning from the company last week Continue reading
Cisco / To Cut 4,000 Jobs
Cisco Systems just said it plans to eliminate about 4,000 jobs starting next quarter Continue reading
UK / Unemployment Rate is unchanged, overall, but up at 21.4% for 16 to 24 year olds
United Kingdom – The unemployment rate for April to June 2013 was 7.8% of the economically active population, unchanged from January to March 2013. For 16 to 24 year olds, it was 21.4% for April to June 2013, up 0.7 percentage points from January to March 2013 Continue reading
South Africa’s Sibanye / To cut another 2 000 jobs
Dual-listed Sibanye Gold was set to shed a further 1 500 to 2 000 jobs through “rightsizing” the organization Continue reading
(Update) Heinz / Layoffs in Canada and US
Food company H.J. Heinz Co. is eliminating 600 jobs across the U.S. and in Canada, including 350 in Pittsburgh, nearly a third of its operation there, it said Tuesday Continue reading
Recession / Mothers Are Tougher on Kids
A down economy can impact family life. But an uptick in strict maternal behavior stems more from anticipation of hard times rather than actual exposure Continue reading
UK / The Great Recession could be called the “Long Recession”
The current recession is represented by the red line. It is called the Great Recession but could be called the “Long Recession” as it surpasses in length anything before Continue reading
Nigeria / 25,000 Jobs Lost in Vegetable Oil Industry
Vegetable oil and related products industry in Nigeria are nearing total collapse as no fewer than 25, 000 out of the 30,000 jobs in the sector Continue reading
Micron / To cut 1,500 workers
Micron Technology, Inc. has announced plans to cut about 5 percent of its global workforce on the heels of a major corporate purchase. Company officials say the cuts are designed to optimize its workforce and are not directly related to its buyout of the Japanese firm Elpida. However, Dave Petso with Petso Financial Consultants in … Continue reading
London’s railways and Tube / 6,000 jobs could go
Concerns have been raised that 6,000 jobs on London’s railways and Tube could be at risk under “secret plans” being drawn up by Transport for London Continue reading
Scotland’s Jobs Gap / 110,000 more jobs still needed
Scotland needs another 110,000 jobs to return to the levels enjoyed before the financial crisis five years ago, a think tank has warned Continue reading
US / The Low-Wage Job Machine
In the wake of the July employment report released last week, an interesting graphic appeared in a Wall Street Journal article with the somewhat distressing title “Low Pay Clouds Job Growth.” Comments Continue reading
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