Job Market Monitor
Employment
Update – US Job Report – This month report shouldn’t make a mandate
The number of unemployed and the unemployment rate increase. But employment too. So, this is a sign that participation is going up, a generally good sign. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. But still, the proportion of american in … Continue reading
Canada – Employment unchanged and the unemployment rate remains at 7.4%
Following two consecutive months of increases, employment in October was unchanged and the unemployment rate remained at 7.4%. Employment Compared with 12 months earlier, employment increased 1.3% or 229,000, all in full-time work. The total number of hours worked also rose 1.3% over the same period. In October, employment grew in Quebec and Newfoundland and Labrador, while it fell in British … Continue reading
US Job Report – This month report shouldn’t make a mandate
The number of unemployed and the unemployment rate increase. But employment too. So, this is a sign that participation is going up, a generally good sign. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. But still, the proportion of american in … Continue reading
Nissan – A New Thai plant
Nissan Motor Co Ltd (7201.T) said on Friday it was investing 11 billion baht ($358 million) to build a second assembly plant in Thailand that will have an annual production capacity of 75,000 vehicles when it opens in August 2014. Capacity would eventually be raised to 150,000 vehicles. “Adding 150,000 units of production capacity will … Continue reading
Alberta – AHS to hire new nursing graduates
More nurses, including new graduates, are expected to be hired by the province as Alberta Health Services boosts its efforts to improve patient care. Approximately 750 registered nurses and registered psychiatric nurses will be available for hire in Alberta in December, and Alberta Health Services said on Thursday that they plan to hire them all. … Continue reading
Canada – National Research Council layoffs the “tip of the iceberg”
Nearly 100 of Canada’s top researchers and scientists are facing layoffs in what the NDP science and technology critic says is just the “tip of the iceberg” in what appears to be the Conservative government’s plan to slash funding for basic research and focus instead on research that’s industry-driven. “There’s a much larger game afoot … Continue reading
Gaming – Layoffs everywhere
It’s been a week of bad news in the gaming world, so lets get through this together. Zynga laid off 5% of their staff this week in an attempt to shore up their bottom line. They closed a Boston office, reduced staff in Austin and have proposed shutting down shops in the UK and Japan. … Continue reading
China – Job creation, a major problem
The factories that have powered China’s economic miracle are reeling from the global slowdown, presenting the incoming leadership in Beijing with a restless workforce at a defining moment in the country’s growth story. In the sprawling Foxconn factory in the industrial hub of Shenzen, where 500,000 people churn out electronics for Apple and others, the … Continue reading
Ireland – McDonald’s to create 700 new jobs
Fast food giant McDonald’s is to create 700 jobs across the country over the next three years. The organisation announced plans for a 20 million euro investment in its Irish operations between now and the end of 2015, which will include the opening of 12 new restaurants. Junior minister for jobs John Perry welcomed the … Continue reading
Ryanair promises hundreds of jobs
Ryanair has said an increase in its flights to and from East Midlands airport could create up to 460 jobs. The budget airline announced yesterday it will be adding new services to Marseille and Menorca from the Castle Donington airport, and expanding 17 of its existing 38 routes which already fly from there… via Airline … Continue reading
US – Productivity increases modestly
Nonfarm productivity increased at a modest pace in the third quarter, giving little sign that businesses are poised to ramp up hiring significantly. Productivity, which measures hourly output per worker, increased at a 1.9 percent annual rate, the Labor Department said on Thursday. Many economists would read a drop in productivity as a sign that … Continue reading
US – October factory activity falls to 37-month low
Manufacturing grew in October at its slowest pace in more than three years and appeared likely to act as a drag on overall growth in the final months of 2012, an industry survey showed on Thursday. Financial information firm Markit said its U.S. Manufacturing Purchasing Managers Index fell to 51.0 this month, below a preliminary … Continue reading
OECD – Internet accounts for 5.7 percent of jobs in member nations
The ICT sector and the crisis The global economic crisis immediately had a strong negative impact on innovation worldwide . Total OECD-area business expenditure on research and development (R&D) declined by a record 4.5% in 2009; it declined across all major OECD R&D spenders except Korea and France. In 2010 the recovery that occurred in some countries did … Continue reading
UK – Job programme – Almost 1 in 2 employer is unaware
More than a year after the introduction of the government’s ambitious Work Programme, the CIPD warns today that it needs to build on the scheme’s early progress by increasing awareness and understanding of the scheme amongst employers. In a survey of more than 1,000 employers, drawn from all three main sectors of the economy, the … Continue reading
Sandy – Can a disaster leads to economic growth
The public relations propaganda campaign to convince the ignorant masses that Sandy’s impact on our economy will be minor and ultimately positive, as rebuilding boosts GDP, has begun. I’ve been hearing it on the corporate radio, seeing it on corporate TV and reading it in the corporate newspapers. There are stories in the press that … Continue reading
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