Job Market Monitor
Economy
Singapore / Unemployment rate rose to 2.9 per cent in March
Singapore’s seasonally adjusted overall unemployment rate stayed low at 1.9 per cent in March, compared to the 1.8 per cent registered in December 2012. The unemployment rate for Singapore residents rose to 2.9 per cent from 2.7 per cent while the citizen unemployment rate remained unchanged at 2.9 per cent. Long-term unemployment also improved slightly … Continue reading
Turkey / The worst employment numbers among all OECD countries
The worst employment numbers are in Turkey among all OECD countries, according to a new survey of the organization. Employment levels are lowest in Turkey (48 percent), Greece (56 percent) and Hungary (56 percent) while are highest in Iceland (79 percent), Switzerland (79 percent) and Norway (75 percent). Nearly 66 percent of the working-age population aged 15 … Continue reading
China / Manufacturing offshoring creates win-win situation
Chinese manufacturers that set up factories in the United States could help create local jobs and win-win situation for the world’s two largest economies, two US mayors said on Wednesday. The genuine dialogue of doing business between the United States and China “has to happen on the local level,” Sheldon Day, mayor of Thomasville City, … Continue reading
US / Chinese imports and technological change destroying American manufacturing jobs finds NBER
Foreign competition and technological change might seem like twin juggernauts, destroying American manufacturing jobs in much the same way. In fact, they’re quite different. Foreign competition from China can be like a tornado, devastating US manufacturing in concentrated fashion but in limited areas around the country, according to a new study from the National Bureau … Continue reading
Australia / Unexpected Job Gains as Unemployment Rate Falls
The number employed persons in Australia unexpectedly increased in May, owing to an increase in part-time employment, the latest report from the Australian Bureau of Statistics showed Thursday. The report also revealed a marginal dip in the unemployment rate. The number of employed persons rose 1,100 from a month earlier to 11.66 million in May. … Continue reading
RBS / To axe 2,000 jobs in investment bank
Royal Bank of Scotland (RBS.L) said on Thursday it would cut jobs in a restructuring of its investment bank, which a source familiar with the matter said would see about 2,000 jobs go. Chosen excerpts by Job Market Monitor via RBS axes 2,000 jobs in shake up of investment bank | Reuters.
IBM / Starts to Cut Jobs Amid Global Reduction
International Business Machines Corp. (IBM), the world’s largest computer-services provider, began cutting U.S. jobs today as part of a global restructuring plan announced in April, a person familiar with the move said. The reduction targets employees with a range of seniority, from rank-and-file staff to executives, said the person, who asked not to be named … Continue reading
Renewables sector employs 5.7 million people globally
New reports confirm renewable energy market stalled last year as technology costs fell, but emerging economies promise to drive growth The UN Environment Programme (UNEP) has today confirmed global investment in renewable energy slowed down last year, even as deployment in key technologies and markets continued to accelerate. The agency has this afternoon published two … Continue reading
Greece / State TV shutdown – 2 500 jobs cut
Greece’s government faced an internal revolt and public outrage on Wednesday over the sudden closure of state broadcaster ERT, hours after the humiliation of seeing its bourse downgraded to emerging market status. The twin setbacks, coupled with the derailing of a troubled privatisation programme, reversed a rise in investor confidence that had prompted Prime Minister … Continue reading
US / The Jobs Gap: Unemployed Workers Still Far Outnumber Job Openings in Every Major Sector
The Job Openings and Labor Turnover Survey (JOLTS) released today by the Bureau of Labor Statistics showed job openings falling by 118,000 in April to 3.8 million. Job openings have improved very little over the last year and remain very depressed. In 2007, there were 4.5 million job openings each month, so April’s level of 3.8 … Continue reading
UK / The unemployment rate unchanged, 65 and over in employment has reached 1 million for the first time
The employment rate for those aged from 16 to 64 for February to April 2013 was 71.5%, down 0.1 percentage points from November 2012 to January 2013. There were 29.76 million people in employment aged 16 and over, up 24,000 from November 2012 to January 2013. The unemployment rate for February to April 2013 was … Continue reading
‘PBS NewsHour’ to cut jobs
The “PBS NewsHour,” the signature nightly newscast on public television, is planning its first significant round of layoffs in nearly two decades. Facing a multimillion-dollar shortfall in the program’s budget, the show’s producer, MacNeil/Lehrer Productions, will close its two offices outside of the Washington, D.C., area — in Denver and San Francisco — and lay … Continue reading
Philippines / Unemployment rate increases to a three-year high
The Philippines’ jobless rate soared to a three-year high in April even though the nation has the fastest-growing economy in Asia, official data showed Tuesday. The Philippines’ jobless rate soared to a three-year high in April even though the nation has the fastest-growing economy in Asia, official data showed Tuesday. President Benigno Aquino insisted the … Continue reading
US / More Employers Are Planning On Hiring Since the Beginning of the Great Recession says Manpower Group
More employers in the United States plan to hire workers next quarter than in any period since the fourth quarter of 2008, according to a survey by Manpower Group, the global employment services giant. Manpower’s quarterly survey released Tuesday found most employers around the globe were uncertain about hiring more workers in the July through … Continue reading
US / What This Job Recovery Looks Like
If we look at trends over the last few years one can see how this recovery is taking hold. Some of the significant changes which have taken place in the last 2 1/2 years include: Administrative positions have risen by 11% and temporary services have increased by 9.7%. These trends point out two trends: businesses … Continue reading
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