Job Market Monitor
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Finance – Midlevel Jobs Going Out of Wall Street
New York’s biggest investment houses are shifting jobs out of the area and expanding in cheaper locales in the United States, threatening the vast middle tier of positions that form the backbone of employment on Wall Street. The shift comes even as banks consider deeper staff cuts here, which could undermine the state and city … Continue reading
India – Factory output and hiring are up
Indian factories in June stepped up production and hired workers at the fastest rate in more than two years, but sagging demand abroad took a toll on growth in new export orders, a survey showed on Monday. The HSBC manufacturing Purchasing Managers’ Index (PMI) rose to 55.0 in June, a four-month high, from 54.8 in … Continue reading
Outsourcing: What’s the impact?
…The debate over outsourcing has been morphing, and today there are growing numbers of people who think that what started as a sensible, globalized extension of sending some work outside a firm to specialized companies may in fact be creating long-term structural unemployment in the United States, hollowing out entire industries. Rearranging where and how … Continue reading
Schott Solar – Layoffs as Albuquerque plant closes down
via Schott Solar announces layoffs – YouTube.
Euro Zone – Factories preparing for worse to come with more job cuts
Euro zone manufacturing took another hefty blow in June and factories are preparing for worse to come, according to business surveys on Monday that showed jobs were cut at the fastest rate in two-and-a-half years. Markit’s Eurozone Manufacturing Purchasing Managers’ Index (PMI) was unchanged at 45.1 in June, above the preliminary reading of 44.8 and … Continue reading
Airbus workers in France seek jobs guarantee – New Alabama plant should create about 2,500 construction jobs
Airbus should create about 2,500 construction jobs to build a new US$600 million airliner assembly plant in Mobile, Alabama, and 400 to 500 full-time jobs once production starts in 2017, a source familiar with the plans said on Saturday. The European planemaker, owned by EADS, is poised to announce plans to build the plant for … Continue reading
IT Jobs – Always there, always there, always there
It’s what we expect from technologies like smart phones and websites in this hyper-speed, hyper-connected world. But what about you, the people who support those technologies?
Chicago – Federal Savings Bank to create 400 jobs
The Federal Savings Bank, a Kansas-based home lender bought last year by a pair of Chicago brothers in the mortgage banking business, is opening a national home loan center in the West Loop that it says will create 400 jobs over three years. The bank said it’s getting $18 million in tax breaks over 10 … Continue reading
Canada – Via Rail cuts 200 union jobs
Via Rail expects to cut 200 unionized jobs, or about nine per cent of its workforce, as the government-owned passenger rail service reduces trips on lines across the country. No routes are being eliminated, and some in the busy Montreal-Toronto corridor will be increased. But by the end of October, routes in most other areas … Continue reading
Canada – 5,000 public servants learn their jobs are at risk – Politics – CBC News
More than 5,000 federal public servants were told today that their jobs are at risk of being eliminated and the unions say there is no doubt services to Canadians will be affected as a result. Human Resources and Skills Development Canada is the hardest hit in the latest announcements, with a total of 2,055 employees … Continue reading
Reagan Added Public Sector Jobs During a Recession
This is a huge reason for the stubborn unemployment! President Obama doesn’t have the benefit of adding public workers to the payroll, like Reagan did. Lets start right at the top, the Federal level. Under Reagan, federal government employment increased by 100,000 from the middle of the 1982 recession until the 1984. via GOP Reality … Continue reading
HP – 9,000 jobs trimmed in U.S.
Hewlett-Packard plans to trim its workforce by about 9,000 in the U.S. as part of its long-term plan to reduce 27,000 jobs worldwide by fiscal 2014, a source familiar with the company’s plans said. HP in May said it was cutting about 8% of its workforce through a combination of layoffs and retirement offers in … Continue reading
Quality of teaching and research is greatest when faculty are secure in their freedom to inquire, speak, teach and publish
At some point, discussions about the quality of higher education in the U.S. come around to the subject of tenure. And the disagreement could hardly be more stark. Critics of tenure for college professors say it is ruining the education of millions of students. In pursuit of tenure, they say, professors have become experts … Continue reading
Romney: a proponent of outsourcing jobs?
A conveniently timed piece on Mitt Romney in The Washington Post has given Democrats a big chance to label him as a proponent of outsourcing jobs, a line of attack that brings together the economy, a little-known career at a private-equity firm, and China. The thrust of the Post’s reporting is that while Romney ran … Continue reading
Pentagon: Automatic cuts could wipe out nearly 1 million jobs
The report, by the National Association of Manufacturers (NAM), is the latest in a growing heap of studies warning of dire economic consequences if policymakers fail to avert about $100 billion in cuts to the Pentagon and nondefense programs next year. Across-the-board budget cuts scheduled to hit the Pentagon in January would eliminate nearly 1 … Continue reading
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