Job Market Monitor
Economy
Lockheed Martin / 300 to 500 voluntary layoffs
Lockheed Martin Corp. announced a targeted, voluntary layoff program for midlevel employees working at the company’s Information Systems & Global Solutions unit. In a memo sent to employees on Jan. 31 and posted on career news website Dice.com, Patricia Lewis, Lockheed Martin’s vice president for human resources at the Information Systems and Global Solutions business … Continue reading
US Jobs Recovery / Middle-aged women doing particularly poorly
SINCE the job market in the United States hit bottom more than three years ago, men have benefited from the recovery far more than woman have, with middle-aged women doing particularly poorly. From December 2009 through last month, the economy added 5.3 million jobs, according to the Labor Department’s monthly survey of households. Only 30 … Continue reading
Philippine / Tourism industry to generate 7 M new jobs
Seven million new jobs are expected to be generated from the booming tourism industry in the next years. Tourism Secretary Ramon Jimenez said people are expected to feel the impact of the growing tourism industry. “What is beautiful about tourism is that it has a trickle effect, every tourism activity generates new jobs,” he said. … Continue reading
Canada / Employment decreased slightly and unemployment rate down 0.1 percentage points to 7.0% but …
Following two months of gains, employment decreased slightly in January (-22,000). A decline in the number of people looking for work pushed the unemployment rate down 0.1 percentage points to 7.0%. Chart 1 Employment Compared with 12 months earlier, employment increased by 1.6% or 286,000, all in full-time work. Over the same period, the total number of hours worked rose 1.7%. In January, employment declined … Continue reading
Fujitsu / To Cut 5,000 Jobs
Fujitsu Ltd., a Japanese maker of computers, network equipment and mobile phones, will eliminate 5,000 jobs and merge its LSI chip business with that of Panasonic Corp. to boost global competitiveness. The venture will design large-scale integration, or LSI chips, and contract out their manufacture, according to a joint statement the companies released yesterday. The … Continue reading
Russia / A Village of Art and Jobs
Quirky art configurations dot a vast, snowy plain: a giant silver cylinder curves upwards into the sky, a wooden ship tosses on an icy sea and long-winged insects cling to a pole. In some ways, the Russian village of Nikola-Lenivets in December looks like Burning Man’s creativity was copied and pasted onto the tundra. The … Continue reading
Canada/ Trade Deal with EU Bad for Manitoba writes the Canadian Centre for Policy Alternatives
Recent leaks from the negotiations between Canada and EU confirm concerns that a comprehensive economic and trade agreement (CETA) would infringe on Manitoba’s ability to promote economic development and advance public interests. The proposed precedent-setting agreement would expand investor rights and extend the reach of international economic agreements, fully covering for the first time the … Continue reading
HMV / 930 layoffs as 66 stores close
Almost 1,000 HMV staff are facing redundancy as administrators for the failed music store chain revealed they will close 66 shops across the country. The loss-making stores, including all five Edinburgh sites, three in Glasgow and four in London, will close over the next two months and comes as administrators from Deloittes plan to sell … Continue reading
J.C. Penney / Layoffs at headquarters to come
J.C. Penney (JCP) is planning layoffs at its headquarters in Plano, Texas, according to reports Wednesday. The expected layoffs were first reported by the New York Post, which said chief executive Ron Johnson plans a 10% cut of the 3,000 employees who work at the home office. J.C. Penney already let go 600 workers in … Continue reading
DreamWorks Animation / Layoffs to come
DreamWorks Animation SKG Inc., the Glendale-based entertainment company led by Hollywood film veteran Jeffrey Katzenberg, is expected to lay off up to 20% of its 2,200-employee workforce, following a decision to shelve production of the movie “Me and My Shadow.” The animation industry giant, home of the animated “Shrek,” “Kung Fu Panda” and “Madagascar” films, … Continue reading
US / Unemployment Benefits / Down Only Slightly
Job Market Monitor: Two out of three employment-related reports were positive and only 28,000 persons were saying they have a job in the latest monthly labor market report . Latest claims data reflect those weaknesses for three weeks in a row. There are down only slightly, reflecting a very moderate growth in hiring. The Report SEASONALLY ADJUSTED DATA In … Continue reading
The State of the Union Speech / Will Obama Talk Job ?
“The State of the Union address is Obama’s opportunity to suggest some practical compromises on immigration, gun control, debt-reduction, and other topics,” said University of Virginia political expert Larry Sabato. “Certainly, he won’t want to negotiate with himself, but a president can send signals by what he mentions and doesn’t mention, what he puts first … Continue reading
US / Nearly one-quarter (23%) of workers laid off during and 4 years after the Great Recession study finds
“Nearly one-quarter (23%) of all survey respondents report being laid off from either a full-time or part-time job during and after the recession (over the past four years)” write Mark Szeltner Carl Van Horn, Ph.D. Cliff Zukin, Ph.D. of the John J. Heldrich Center for Workforce Development in Diminished Lives and Futures: A Portrait of America … Continue reading
Volvo / New job cuts to come
Volvo AB, the world’s second-largest truckmaker, said fourth-quarter profit dropped 84 percent because of the cost of cutting jobs and reorganizing production in response to shrinking economies in Europe and the U.S. Earnings before interest and taxes fell to 1.12 billion kronor ($177 million) from 6.96 billion kronor a year earlier, Gothenburg, Sweden-based Volvo said … Continue reading
US / Smart Deficit Reduction Matters
According to the Bureau of Labor Statistics, the economy added 157,000 jobs during the month of January and an average of 200,000 jobs in the prior three months. These new estimates of job gains now reflect the annual “benchmark” revision to the payroll survey, which showed that the level of employment in December last year … Continue reading
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