Job Market Monitor
Economy
Spain / The good economic news: unemployment drops
The Spanish government said Tuesday that an unexpected drop in unemployment in May was one of the best pieces of economic news since the start of the crisis, but the data showed that temporary hires accounted for much of it. The number of people registered as unemployed declined by almost 2 percent, or 98,265 people, … Continue reading
Myanmar / Coca-Cola plant to create 22,000 jobs
For the first time in more than 60 years, Coca-Cola is being bottled in Myanmar. Muhtar Kent, chairman and CEO of The Coca-Cola Company, attended the ceremonial inauguration of a bottling plant in Crystal Springs, Hmawbi Township. The facility is the first to locally bottle Coca-Cola since the company re-entered Myanmar last year, says a … Continue reading
Billabong / More Layoffs to come ?
In more Billabong news, several senior Billabong employees in the Americas were laid off today, including well-known sales executives. Names on the list include retailer favorites Jeff Booth, Men’s National Sales Manager, Angi Broberg, Billabong Girls National Sales Manager, and Royce Cansler, who handled surf retail relations. Royce Cansler, Jeff Booth, George Karamitos of Maui … Continue reading
Games / Zynga Cuts 520 Jobs
Zynga Inc. (ZNGA), the biggest maker of online social games, said it will cut 520 jobs, or 18 percent of its staff, and close some offices amid disappointing results from its titles outside the “FarmVille” series. The reductions will save about $70 million to $80 million in pretax expenses annually, the San Francisco-based company said … Continue reading
Reshoring in the US / 11 Companies That Brought Jobs Back Home
over 50,000 jobs have been “reshored,” as it’s called, in the past three years, according to Harry Moser, president of the Reshoring Initiative, a non-profit dedicated to showing some U.S. companies the benefits of doing business at home. He says altruism has little to do with why most companies end up returning manufacturing to the … Continue reading
Panasonic / To cut 5,000 jobs
In a drive to improve profits, Panasonic has announced plans to cut 5,000 jobs over the next three years. The cutbacks will hit its automotive and industrial unit, which accounts for about a third of the company’s workforce, the Nikkei reported Thursday, citing a Panasonic executive. “A reduction in labor costs will be a big … Continue reading
Ireland / The numbers unemployed has gone below 300,000 for the first time since 2010
Employment increased by 20,500 in the year to the first quarter of 2013, according to figures from the Central Statistics Office. This is a rise in employment of 1.1%. Employment increased by 7,700 in the first quarter of this year, following on from an increase of 12,100 in the final quarter of 2012. The numbers … Continue reading
US / Jobless Claims rise but data could be distorted
SEASONALLY ADJUSTED DATA In the week ending May 25, the advance figure for seasonally adjusted initial claims was 354,000, an increase of 10,000 from the previous week’s revised figure of 344,000. The 4-week moving average was 347,250, an increase of 6,750 from the previous week’s revised average of 340,500. The advance seasonally adjusted insured unemployment … Continue reading
Australia / Queensland / Cuts in public service jobs reaches 14,000
WITH a month to go until the end of the financial year, the Newman Government has achieved its goal to reduce the public service by 14,000. A Public Service Commission spokeswoman said yesterday that 10,032 offers of redundancy had been made since July, and 9189 employees had accepted. “Almost 400 of those employees are still … Continue reading
Sibanye Gold / To Cut 1,110 Jobs
Sibanye Gold Ltd. (SGL), South Africa’s second-biggest producer of the metal, will cuts 1,110 positions at its Beatrix West mine in South Africa, fewer than first proposed, in a bid to return the operation to profit. The company will stop development at the mine, resulting in 330 job cuts and an additional reduction of 780 … Continue reading
US / Small Businesses Net Hiring Still Negative and Droping
More U.S. small-business owners report letting employees go than hiring them on average over the past year, for a net hiring index of -12 in April, according to the Wells Fargo/Gallup Small Business Index survey. This is on par with -10 in January and -9 in April 2012. These results are from the quarterly Wells … Continue reading
China / Motorola confirms further staff layoffs
Motorola Mobility China confirmed Tuesday that it is carrying out a second round of massive layoffs, a further move to cut its workforce since Google Inc acquired its parent company Motorola Mobility for $12.5 billion last year. According to telecommunications industry website ccidcom.com, the US-based company is planning to cut 800 jobs in China, with … Continue reading
UK / Banks employment to 9yr low
Britain’s four biggest banks will have cut a quarter of their staff worldwide by the end of this year from peak staffing levels of 2008. Thousands of jobs are targeted as British banks centered in LIBOR rigging and insurance mis-selling scandals continue to cut costs. Royal Bank of Scotland, HSBC, Lloyds and Barclays will employ … Continue reading
US / Job Creation Under The Last 5 Presidents
This graph shows the change in private sector payroll jobs from when each president took office until the end of their term(s). President George H.W. Bush only served one term, and President Obama has just started his second term. Mr. G.W. Bush (red) took office following the bursting of the stock market bubble, and left during the bursting of … Continue reading
The UK ‘Jobs Gap’ / More than 800,000
The UK is more than 800,000 jobs short of the amount it would need to restore employment rates to those seen before the recession, a study from independent think tank the Resolution Foundation has found. While the number of people in employment had climbed by 160,000 since 2008 to nearly 30 million, this positive news … Continue reading
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