Job Market Monitor
Economy
Philippine / Do grads want the jobs ?
The National Statistical Coordination Board (NSCB) says there’s plenty of jobs available for new college graduates. The only problem is, do they want the jobs – or vice versa? Citing a 2006-2011 labor force survey (LFS) by the National Statistics Office, NSCB Secretary-General Jose Ramon G. notes that 18 percent of the country’s unemployed are … Continue reading
Sweden / SKF to cut 2,500 jobs
SKF (SKFb.ST), the world’s biggest bearings maker, is cutting 2,500 jobs to cope with weaker demand, underscoring the bleak outlook for manufacturers as Europe drives through austerity measures to reduce its debts. The Swedish firm, whose bearings are used in a range of products from washing machines to aircraft, is seen as an early indicator … Continue reading
N.Y. Times: Layoffs Would Include High-levels
The New York Times may be forced to lay off a number of editorial staff, including high-level editors, according to staff sources. The speculation around the newsroom, first reported by New York Magazine’s Joe Hagan and confirmed by POLITICO, is that managing editor John Geddes, assistant managing editor Jim Roberts, dining editor Susan Edgerley, former Washington editor Rick … Continue reading
Solihull, UK / Jaguar Land Rover to create 800 jobs
Britain’s car-making industry, stung by the loss of 800 jobs in Swindon last week, is to receive a boost from Jaguar Land Rover, which is to create jobs in Solihull. The announcement of the decision to put £370m of investment and 800 additional roles into the West Midlands plant was timed to coincide with the … Continue reading
US / The App Economy: from 0 to roughly 466,000 jobs in less than 5 years
“How can the U.S. dig itself out of the current job drought?” asks Michael Mandel in WHERE THE JOBS ARE: The APP Economy (Choosen excerpts by Job Market Monitor to follow) Government policy can temporarily boost employment. The ultimate answer, though, is innovation: The creation of new goods and services that spur the growth of new industries … Continue reading
From Factories to Cubicles (Infographics)
Source: BACK TO THE FUTURE IS THERE A SECOND ACT FOR U.S. MANUFACTURING?
The Cost of One Jobless Youth to Taxpayers: $14,000 a Year
America’s youth are suffering their worst employment drought since World War II. It doesn’t take a great leap of the imagination to understand why this is a crisis. The young and jobless earn less later in life. They lose the chance to build crucial career skills. They rely on government support. They’re more likely to … Continue reading
What is the 2nd largest economy in the world ? ANSWER: System D
It used to be that System D was small — a handful of market women selling a handful of shriveled carrots to earn a handful of pennies. It was the economy of desperation. But as trade has expanded and globalized, System D has scaled up too. Today, System D is the economy of aspiration. It … Continue reading
Campbell Soup / Sacramento / First Round Of Layoffs
It’s not the way anyone wants to start the New Year; but in just a few weeks, nearly 300 Campbell’s Soup employees will spend their last day on the job as the plant readies to close after more than 60 years in Sacramento. In just three weeks, production at Campbell’s Soup will start to slow … Continue reading
Time Magazine / Layoffs to come
Time Inc. is reportedly planning to slash hundreds of jobs, the New York Post’s Keith Kelly exclusively reported on Thursday. Sources told Kelly that the first round of layoffs, which were originally expected to hit last week, had been pushed back till next month. Chosen excerpts by Job Market Monitor from via Major Time Inc. … Continue reading
American Express / 5,400 jobs to be cut
American Express Co. said Thursday that it will slash about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans and other needs. The job cuts will be partly offset by jobs that the company expects to … Continue reading
UK / Honda cuts 800 jobs at Swindon
Honda is cutting 800 jobs in Swindon as the shrinking European car market forces the company into its first ever UK job cuts. Honda blamed the slump in European sales as it announced it will cut its Swindon workforce by almost a quarter, months after hiring hundreds of new employees. “It’s entirely the car market,” … Continue reading
US / College Degrees Matter
How Much Protection Does a College Degree Afford? Past research from Pew’s Economic Mobility Project has shown the power of a college education to both promote upward mobility and prevent downward mobility. In the wake of the Great Recession, however, many have questioned whether the advantageous market situation of college graduates has suffered under the pressure … Continue reading
US / Job openings and hiring need to improve
The November Job Openings and Labor Turnover Survey (JOLTS), released today by the Bureau of Labor Statistics, shows job openings were essentially flat in November, at 3.7 million (up by 11,000). The number of job openings, which had been improving fairly steadily since reaching its low of 2.2 million in July 2009, has stalled in recent months; … Continue reading
Europe / Central Bank lack of action in spite of a 11.8% unemployment rate
THE euro area is mired in recession and unemployment in the single-currency zone continues to scale new heights, reaching 11.8% on figures out this week, up from 10.6% a year earlier. But the European Central Bank did nothing to help today, leaving its key interest rates unchanged. The governing council took the decision unanimously, ECB … Continue reading
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