Job Market Monitor
Employment
California / Prisons / Layoff Warnings to 2,200 Employees
California Correctional Health Care Services has sent layoff warning notices to 2,200 of its employees, the Sacramento Bee’s “The State Worker” reports (Ortiz, “The State Worker,” Sacramento Bee, 12/12). Background About six years ago, U.S. District Judge Thelton Henderson appointed federal receiver J. Clark Kelso to oversee the state’s prison health care system after determining that … Continue reading
Canada / Immigrants / Employment increased 4.3% in 2011 while virtually unchanged among core-aged Canadian born
In 2011, employment among landed immigrants in the core working-age group of 25 to 54 increased 4.3% from the previous year. The majority of the growth occurred among established immigrants who had been in the country for more than 10 years. Over the same period, employment among core-aged Canadian born was virtually unchanged. The employment rate of core-aged immigrants in 2011 was 75.6%, compared with 82.9% for … Continue reading
Career / The Top Five Regrets
Disappointment doesn’t discriminate; no matter what industry the individual operated in, what role they had been given, or whether they were soaring successes or mired in failure, five dominant themes shone through. Importantly, the effects of bad career decisions and disconfirmed expectancies were felt equally across age groups. Here were the group’s top five career … Continue reading
Calgary / SMART Technologies: 225 layoffs
Temporary foreign workers, who were laid off at Smart Technologies in Calgary, could be forced out of the country. SMART Technologies announced on Tuesday that it was laying off up to 25 percent of its staff by March 2013, including Abhishek Dhawan who was hired from India in August to test software for the company. … Continue reading
Nuclear / Babcock and Wilcox Announces Layoffs in Ontario
Babcock & Wilcox has announced plans to lay off 90 workers at its manufacturing plant in Cambridge, Canada. The positions amount to about 30 percent of the Ontario plant’s unionized hourly workforce, the Waterloo Record reported. The layoffs will take effect in January, and a B&W spokeswoman told the newspaper that the company does not … Continue reading
UK / Airbus / 1,500 jobs safeguarded
The company says a $9bn (£5.5bn) order for 100 A320 planes from AirAsia will safeguard 1,500 Airbus jobs in the UK and 7,500 in its supply chain. The wings for its A320 series are made at the Flintshire factory. AirAsias’s order is for 64 of the A320neo (new engine option) and 36 of the A320ceo … Continue reading
Barclays / Could cut up to 2,000 jobs
Antony Jenkins, the bank’s new chief executive, announced in September that some parts of the bank would “shrink” as part of the overhaul, although he has ruled out a break-up of the scandal-hit lender. The job cuts could be announced early next year, the Wall Street Journal reported, and would represent around 10pc of Barclays’ … Continue reading
Fracking and Jobs Debate / Report says it could create 7 000 jobs in NZ while UK gives green light
Venture Taranaki has joined in on the fracking debate, releasing a study that forecasts billions of dollars and thousands of jobs over the next decade if fracking is allowed to continue. The economic development agency and Wellington-based economic analysis company Berl have developed a report on the economic impact of the fracking of onshore oil … Continue reading
Flexiblility / Anxious workers and declining living standards
As the Bank of England’s chief economist Spencer Dale put it in a speech on Wednesday, shortly after the jobs figures were published, “the harsh but inescapable reality,” is that, “households and families in our economy are worse off. Much worse off.” He highlights the “extraordinary flexibility” of wages. Once adjusted for inflation, pay is … Continue reading
FED / Targeting unemployment and inflation
The Federal Reserve announced Wednesday that it will take unprecedented steps to bolster the economy, saying it will continue to stimulate growth until the unemployment rate falls to 6.5 percent or the inflation rate reaches 2.5 percent. The Fed said it did not expect unemployment to reach that benchmark until 2015. It was a historic … Continue reading
Work and Family / The 10 Best Jobs For Balance
According to a recent survey by career website FlexJobs, an overwhelming majority of parents (96%) say having a traditional full-time job conflicts with important parts of taking care of their families, and two-thirds report frequent conflict. At the same time, a whopping 97% of respondents feel that having work flexibility (such as working from home … Continue reading
(Update) UK / Unemployment rate down 0.2 at 7.8 per cent and the biggest quarterly fall in unemployment since 2001
For August to October 2012: The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.1 on May to July 2012 and up 0.9 on a year earlier. There were 29.60 million people in employment aged 16 and over, up 40,000 on May to July 2012 and up 499,000 on … Continue reading
India / Hiring activity dipped by 4% according to Naukri Job Speak Index
There has been a 4% decline in recruitment activity in November compared to October, with most of the key industry sectors and functional areas experiencing a dip in their hiring activity on the Naukri Job Speak Index. The index is a monthly indicator of jobs on the online portal. The dip in hiring on the … Continue reading
Retirement / Employment among men 65 and over increasing since the mid-1990
For nearly all of the 20th century, employment of older workers decreased as increasing numbers retired. But since the mid-1990s, this trend has reversed. Employment among men at least 65 years of age, for example, has increased. The Great Recession of recent years has masked this long-term trend and the reasons for it and has … Continue reading
Employees’ Choice Awards by Glassdoor: 50 Best Places to Work
Employees’ Choice Awards Glassdoor is excited to announce our fifth annual Employees’ Choice Awards, a list of the 50 Best Places to Work. The top 50 winners were selected by the people who know these companies best – their employees. Choosen excerpts by Job Market Monitor from via Best Places to Work | Glassdoor.
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