Job Market Monitor
Employment
India | Will it be able to create enough jobs?
550 million Indians are 25 years and below, all ready or getting ready to join the workforce. But is India creating enough jobs? Is our education system and industry geared for the demographic explosion, which if not channeled right, could become a demographic disaster. Experts Sudhakar Balakrishnan, MD and CEO at Adecco India, Sanjay Pandit, … Continue reading
EU | Invest for a job-rich recovery in Europe says László Andor European Commissioner responsible for Employment
The macro-economic situation in Europe continues to be extremely challenging. A number of Member States are in a double-dip recession and labour markets are in a crisis not seen in the EU for at least two decades. What is more, the outlook is not getting better. The European Commission’s Autumn forecast, presented on Wednesday, projects … Continue reading
US | Job Gap is 9 million
The labor market has added nearly 5 million jobs since the post-Great Recession low in Feb. 2010. Because of the historic job loss of the Great Recession, however, the labor market still has 3.8 million fewer jobs than it had before the recession began in Dec. 2007. Furthermore, because the potential labor force grows as … Continue reading
Norway | Oil and oil-service companies ‘racist’ ?
A leading Norwegian headhunter who recruits engineers and other skilled workers for Norwegian oil and oil-service companies says he’s encountered a “shocking” degree of what he calls blatant “racism” among prospective Norwegian employers. Even those in dire need of engineers and other specialists routinely turn down top foreign job candidates. They want Norwegians instead. A … Continue reading
US | Wealthy | Would a tax hike cost 700,000 jobs ?
Rep. Pete Sessions, however, went further, and actually claimed hundreds of thousands of people would lose their jobs if Obama’s proposed tax increase went into effect. What’s the math behind his claim? The Facts According to an aide, Sessions obtained his figure from a study prepared last year by two economists at Ernst & Young for … Continue reading
From UK To China | Syfer Technology threatens jobs in Norfolk
A high-tech electronics components company in Norfolk is planning to set up a manufacturing base in China, putting 120 jobs at risk. Syfer Technology, of Arminghall, said exports, especially to the Far East, helped it expand and it wanted to be near markets and suppliers. The firm was bought by American company Dover Corporation in … Continue reading
Layoffs Don’t Benefit Hospitals
Dean Gruner, MD, and Chris Van Gorder are not your everyday health system CEOs. Dr. Gruner is president and CEO of ThedaCare, a five-hospital system in Appleton, Wis., with roughly 6,100 employees. Mr. Van Gorder, a former police officer, is president and CEO of Scripps Health, a five-hospital system in San Diego with almost 13,000 … Continue reading
Australia | More jobs but participation shrinks
Australia’s unemployment rate remained steady in October, but there were fewer people looking for jobs and fewer hours being worked. Official figures released on Thursday showed the unemployment rate remained at 5.4 per cent in October, with 10,700 extra people finding employment in the month. However, the percentage of working age Australians either employed or … Continue reading
US | Job Growth at Four-Year High According to Gallup
U.S. workers reported little change in net hiring at their workplaces in October, with the Gallup Job Creation Index averaging +19 for the month, similar to the +18 recorded in September. The index has been between +17 and +20 since March, essentially hovering at the highest levels seen since mid-2008. The Job Creation Index in … Continue reading
Canada – Private sector loosing jobs
Canada may have added 1,800 jobs in October, but that number hides the fact that almost all the gains came from government and that the private sector lost more than 20,000 jobs. The 1,800 jobs added was already a disappointment compared with the 10,000 economists had forecast. According to Statistics Canada, that left the unemployment … Continue reading
ING to cut jobs more than 2,000 jobs worldwide
ING (ING.AS), the largest Dutch financial services group, is to cut more than 2,000 jobs worldwide as it prepares to separate its banking and insurance operations in difficult markets. The cuts, which equate to 2.5 percent of ING’s workforce, come as banks across Europe shed staff in a reassessment of their businesses after the financial … Continue reading
Brit Grads – 40% failing to get graduate-calibre posts
Britain’s graduates face an increasingly challenging jobs market, with 40% failing to get graduate-calibre posts more than two years after leaving education, around twice the proportion of their peers a decade earlier, according to a study of recent ex-students’ career paths. Overall, the vaunted graduate salary premium, a key argument in persuading would-be students to … Continue reading
Vestas Cuts 3,000 More Jobs
Vestas Wind Systems A/S (VWS) is seeking to sell a stake of as much as 20 percent and said it’s reducing headcount by 3,000 to raise the staff cuts by the biggest wind turbine maker to almost a third over two years… “What’s important is that we have investors who understand the company, the segment … Continue reading
US federal tax credit subsidies to expire – Wind industries lay off hundreds of workers
Hundreds of workers in our region are losing their jobs as wind turbine manufacturers cut production. The federal tax credit that subsidizes wind energy is set to expire at the end of the year, and political uncertainty is putting the brakes on the wind industry. More than 500 workers are losing their jobs in the … Continue reading
US Presidential Election – The Day After ? Planned layoffs jump to five-month high in Oct
The number of planned layoffs by firms jumped 41.1 percent in October to the highest level in five months, although the number includes more than 10,000 jobs in U.S.-owned auto plants in Europe, a report said on Thursday. Employers announced 47,724 planned job cuts last month, up from September’s 33,816, according to the report from … Continue reading
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