Job Market Monitor
Economy
Uganda / Needs more productive jobs for faster development
Uganda – Jobs are central to development because they affect living conditions, determine the pace of economic transformation and foster social cohesion Continue reading
2000, The great reversal in the demand for skill
What explains the current low rate of employment in the US? In about the year 2000, the demand for skill underwent a reversal. Continue reading
Job Search in India / The current slowdown may be the worst ever
India, the world’s second-most populous country and home to the world’s second largest workforce has a problem. That this is the worst job market since liberalisation in terms of severity, duration, sweep and scale Continue reading
JPMorgan Chase / To Lay Off 730 In San Diego and 475 In North Texas
JPMorgan Chase said Thursday it plans to lay off 730 San Diego workers from its loan-servicing business and 475 mortgage-related employees in North Texas Continue reading
Canada / Employment decreased by 39,000 and the UR rose to 7.2%
Led by declines among youths, employment decreased by 39,000 in July, and the unemployment rate rose 0.1 percentage points to 7.2% Continue reading
US / AEI Economic Outlook: the current expansion is getting close to its end
By the long-run standard the current expansion, at 49 months (54 months by year-end, when growth is widely forecast to be 3 percent), is getting close to its end Continue reading
Nokia / To slash 8500 jobs
The troubled Finnish telecoms giant Nokia is considering slashing 8500 jobs, or around 17 per cent of its workforce, at equipment arm Nokia Siemens Networks, which provides infrastructure for mobile carriers. Nokia’s equipment arm, which is profitable in contrast to its loss-making consumer handsets business, is under pressure as it faces increased competition from rivals … Continue reading
Australia / Labour market continues to weaken
The summary ABS Labour Force (seasonally adjusted) estimates for July 2013 are: Employment decreased 10,200 (0.1 per cent) with full-time employment falling by 6,700 and part-time employment falling by 3,500. Unemployment decreased by 5,700 (0.8 per cent) to 705,400 but only because the labour force shrank on the back of a declining participation rate The … Continue reading
US / Layoffs falls to pre-recession level but jobless claims edges 5,000 higher
US – it appears that a long cycle of aggressive layoffs, which had fuelled a surge in unemployment and helped shape two presidential elections, is over but last week, initial jobless claims edged 5,000 higher Continue reading
France / Hollande plans to stimulate the jobs market right now
France – Hollande’s plan is simple. The plan to stimulate the jobs market right now. Continue reading
US / Job Market Crawling Along
US – The chart of the change in the employment-to-population ratio—the percentage of working age population that is actually working—still reveals no sign of a takeoff Continue reading
UK / Interest rates to be held at record low until unemployment falls below 7 pc
UK – MARK Carney, the new governer of the Bank of England, today vowed to keep the interest rate at 0.5 per cent until at least the end of 2016 unless inflation rises sharply Continue reading
Italy / Recession Hits A Record Duration
Italy’s recession has now extended into an eighth consecutive quarter, meaning it has lasted a record two years Continue reading
Portugal / Unemployment Rate 2Q: 16.4%
Portugal Unemployment Rate 2Q: 16.4% Continue reading
Metso / To cut 750 jobs
Most of the 750 jobs to be eliminated are in Finland. Continue reading
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