Job Market Monitor
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Nine states have regained all jobs lost to recession – The Business Journals
Nine states and the District of Columbia have recovered all of the jobs they lost during the recession. The other 41 states are still working on their comebacks. On Numbers analyzed state-by-state employment data from the U.S. Bureau of Labor Statistics for May 2007 and the same month this year. The economic downturn officially … Continue reading
Bayer CropScience plans layoffs at its Institute plant
Bayer CropScience plans to lay off more than 200 workers at its Institute plant by the end of the year. Bayer says 163 workers will be laid off in the first phase, which will begin Sept. 7. The cuts are expected to continue through the rest of the year. Media outlets report that Bayer notified … Continue reading
Biopharma – Job Outlook Bleak
After years of flying high, biopharma job growth is running into turbulence, a number of factors have increasingly pushed big pharma into layoffs. Although the picture is bleak now, the industry’s longer-term employment prospects appear brighter. Roche will eliminate 1,000 jobs by the end of 2013 when it shuts down its Nutley, NJ, R&D site. … Continue reading
Hewlett-Packard Begins Layoffs at Factory
Hewlett-Packard confirmed that it has begun eliminating jobs at its Rio Rancho center as part of its restructuring plan. Image via CrunchBase The company did not provide the actual number of job cuts, but some sources said that the company will fire a total of 100 workers from all departments at this facility. Hewlett-Packard announced … Continue reading
UK – The Recruitment and Employment Confederation and KPMG said permanent placements are down
Permanent and temporary jobs across the country, including the City, have fallen in recent weeks, giving a “bleak” outlook on the employment front, according to two studies. The Recruitment and Employment Confederation (REC) and KPMG said permanent placements fell for the first time in six months in June, while temporary appointments were down for the … Continue reading
Facebook, LinkedIn, Twitter – How Recruiters Use Social Media
By now, we’ve all heard about how employers scope out the Tweets and Facebook profiles of job seekers to winnow down the field of applicants. But job seekers may be surprised to hear just how many recruiters now use social media throughout the hiring process. Perhaps more surprising still, most recruiters are apparently checking for … Continue reading
Job Market Recovery – Great Recession vs Great Depression
( By Bill McBride) – The causes of the Great Recession were similar to the Great Depression – as opposed to most post war recessions that were caused by Fed tightening to slow inflation – and I’m frequently asked if we could compare the percent job losses during the two periods. Unfortunately there is very little data … Continue reading
Canada Public Sector Jobs A Grotwh Factor Contrary To US
It’s no surprise that Canada’s economy is still managing to grind out jobs, although at a much slower space than earlier in the year, and that its closest neighbour and biggest trading partner continues to struggle to match that growth. But what is surprising is how Canada’s public sector carried the employment load last month, … Continue reading
Best Buy – 2,400 layoffs
Best Buy is laying off 2,400 employees chainwide, a company spokesman said Friday. There was no word about whether Kansas City-area employees would be affected, but no additional stores will close as part of the layoffs. Bruce Hight, a spokesman for Best Buy (NYSE: BBY), said the layoffs will affect about 600 employees of Geek Squad, … Continue reading
Brazil Hikes Tariff On Shoes to Protect Jobs From China
Brazil is one of the hottest shoe makers around, but China is catching up. And they have the scale to make brand name sneakers and sandals a lot cheaper than Brazilians do. So on July 4, Brazil decided to impose tariffs of up to 182 percent on footwear parts and accessories coming from China in … Continue reading
Boehner, Hill Republicans react to bad jobs report
The lackluster jobs report brought a swift and coordinated response from Capitol Hill, with Republicans blaming the poor showing on President Obama’s policies, while Democrats countered that the GOP was wasting time on ideological measures that have little chance at improving the economic outlook. “Today’s report shows the private sector clearly isn’t ‘doing fine’ and … Continue reading
Saab hiring again
Eight months after eliminating 13 percent of its workforce, East Syracuse-based Saab Sensis Corp. has returned to profitability and is hiring once again, easing concerns that arose about the company’s future after its takeover last year by a Swedish firm. The maker of military radars and air traffic management systems recently had its first profitable … Continue reading
China – Sany has started cutting its workforce
Sany Group, China’s biggest maker of construction machines by revenues, has started cutting its workforce in one of the clearest signs yet of the pain in the country’s industrial sector as growth slows in the world’s second-largest economy. China’s heavy machinery makers, which include companies such as Sany, Zoomlion and Shantui, have seen sales drop … Continue reading
U.S. planned layoffs at 13-month low in June but up 15.2 percent from the first six months of 2011 – Education leading
The number of planned layoffs at U.S. firms fell in June to its lowest level in over a year, suggesting employers were not rapidly downsizing even as the economic recovery slows, a report on Thursday showed. Employers announced 37,551 planned job cuts last month, down 39.3 percent from 61,887 in May, according to the report … Continue reading
ILO – European public sector under threat
A new ILO study shows budget deficits have led to significant cuts in European public sector expenditure, employment and wages. It also discusses the key role of social dialogue under the present circumstances. Unprecedented public sector adjustments combined with a lack of social dialogue between government and employees has lowered job security, pay and working … Continue reading
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