Job Market Monitor
Employment
A free interactive application for metro-level data on supply of educated labor, employer demand for skilled workers, and other economic trends affecting unemployment rates
Use this interactive application below for metro-level data on supply of educated labor, employer demand for skilled workers, and other economic trends affecting unemployment rates. via Education, Job Openings, and Unemployment in Metropolitan America | Brookings Institution.
UK – Employment law offers ‘excessive protections’ write rising star MPs of the Conservative party
Earlier this month, the Evening Standard leaked extracts from a forthcoming book entitled Britannia Unchained: Global Growth and Prosperity, which will be published in the run-up to this year’s Conservative Party Conference. The book’s publishers Palgrave MacMillan describe the book as follows: Presented by a team of rising star MPs of the Conservative party, Britannia … Continue reading
UK – Airbus deal secures 6,000 jobs
Up to 6,000 jobs have been secured at Airbus’s factory in Cheshire following a major order from Philippine Airlines. The company makes wings for the Airbus at its plant at Broughton, near Chester. via BBC News – Airbus deal secures 6,000 Broughton jobs.
Oregon – Schnitzer Steel to cut 300 jobs
Schnitzer Steel Industries Inc. said Tuesday it will cut about 300 jobs as part of a restructuring plan designed to save the company $25 million in annual operating costs. The company also issued earnings guidance for the current quarter well below average Wall Street predictions, blaming lower sale prices for many of its products. Schnitzer … Continue reading
Volkswagen – 1 billion euros investment in Russia
Germany’s Volkswagen (VOWG_p.DE) said on Wednesday it is aiming to invest a total of one billion euros ($1.25 billion) in Russia by 2018, initially expanding by building an engine plant in Kaluga. Volkswagen will invest 250 million euros in the construction of the plant in Kaluga, a town some 190 km (118 miles) south-east of … Continue reading
US – 10 Cities Losing the Most Jobs
10. St. George, Utah > Pct. decrease of employed: -5% > Decrease in people employed: -2,799 (34th largest) > June 2009 unemployment rate: 9.9% (145th highest) > June 2012 unemployment rate: 7.6% (148th lowest) 9. Carson City, Nev. > Pct. decrease of employed: -5% > Decrease in people employed: -1,308 (61st largest) > June 2009 … Continue reading
ON Semiconductor to cut 250 jobs
Power-management chipmaker ON Semiconductor Corp said it will cut about 250 jobs and cancel its annual cash incentive program for senior executives to reduce costs in a weak macroeconomic environment. The company expects to complete most of the job cuts in the current quarter and estimated a related charge of $11 million to $14 million, … Continue reading
Indiana – Toyota to hire 240
Toyota Motor Manufacturing, Indiana plans to add about 240 new production team members by the end of November to support next year’s increased Highlander sport utility vehicle production. The hiring began this month. The new Toyota team members will come from Aerotek, which maintains a “variable workforce” to meet the Princeton plant’s fluctuating production needs. … Continue reading
Denmark – Government cuts nearly 1,000 workers
Not since 1920 have so many state employees been fired Finance minister Bjarne Corydon (Socialdemokraterne) says the pain is not over (Photo:Scanpix) At a time when the prime minister, Helle Thorning-Schmidt (Socialdemokraterne), has said that stemming the rising tide of unemployment is at the top of her agenda, her government has now fired more state … Continue reading
Japan – How to meet the wishes of an army of willing elderly workers
The thought of retiring after more than four decades made Hirofumi Mishima anxious. Instead of looking forward to ending his three-hour daily commute, Mishima wanted to work, even if it meant another hour on the train. “Keeping a regular job is the most stimulating thing for me,” said Mishima, 69, who spent six months trawling … Continue reading
China – More than 75 percent of the country’s urban jobs are created by small enterprises
Human resource analysts have called for greater efforts on the part of the government to create new jobs, as the country’s economic slowdown has created a grave employment situation, a major newspaper reported Tuesday. The overseas edition of the People’s Daily, the flagship newspaper of the Communist Party of China (CPC), cited experts as saying … Continue reading
Lexmark – 1,700 jobs cut
Lexmark is cutting 1,700 jobs, or almost 13 per cent of its workforce, and says it will stop making inkjet printers as part of a drive to cut costs as it deals with shrinking sales of inkjets. The printer and software company said Tuesday that it will close its inkjet supply plant in the Philippines … Continue reading
Sony Mobile – 1,000 jobs cut
Sony Mobile is cutting 1,000 jobs from its phone division after posting record losses this financial year. The embattled Japanese company posted record losses of US$5.6bn in March this year, with two-thirds of the jobs cut to fall on its Sony Mobile division in Lund, Sweden. The loss-making electronics firm reveals the job losses are … Continue reading
Romney in Tampa – Factory workers prepare to confront over Bain layoffs
Illinois car-part plant employees head to Tampa to protest outsourcing of jobs to China by parent company Bain Capital To the four people sitting in church at a Tampa suburb, coming to the Republican national convention to protest Mitt Romney felt deeply personal, not just political. For all of them are workers at an Illinois … Continue reading
Job Gap – About 14 million jobs need to be created says OECD
The current weak economic recovery will keep unemployment rates in OECD countries high until at least the end of 2013, according to a new OECD report. The Employment Outlook 2012 says that the OECD-wide joblessness rate is forecast to remain high at 7.7% in the fourth quarter of 2013, close to the 7.9% rate in May … Continue reading
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