Job Market Monitor
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Hyundai to add 877 jobs at Montgomery
Hyundai Motor Co. plans to hire 877 more workers to add a third shift at its Montgomery, Alabama, assembly plant so it can crank out more Sonata midsize cars and Elantra compacts. The Korean automaker said Monday the hiring will take place during the summer, with the plant transitioning to the third shift in September. … Continue reading
Calgary | A Job Nirvana
Labour supply is the number-two concern of companies surveyed by Calgary Economic Development, says President and CEO Bruce Graham. Their number-one concern is the jittery world economy, but that’s a fret for the global pace of business that drives oil prices, rather than for the local economy. What business leaders most want is help to … Continue reading
Survey | Graduates in vocational subjects most likely to find advantage in looking for employment
In a recent survey, Gaby Atfield and Kate Purcell found in Futuretrack Stage 3 Working Paper 4: The fit between graduate labour market supply and demand that graduates who were studying vocational subjects were most likely to believe that the subject they had studied would be an advantage in looking for employment. Sixty per cent of respondents studying subjects allied to … Continue reading
Philippines | Labor Day | Gov’t offers nearly 300K jobs
As the nation celebrates Labor Day today, the Department of Labor and Employment (DOLE) is offering as many as 300,000 local and overseas jobs in the simultaneous job and livelihood fairs the agency is holding in various areas. Labor Secretary Rosalinda Baldoz said the nationwide job and livelihood fairs form part of the centerpiece event … Continue reading
Ireland | Cisco to create 115 jobs
Cisco is to invest €26 million in its research and development centre in Galway, creating 115 jobs. The investment, announced this morning by Taoiseach Enda Kenny, will be made over the next two years and is being supported by IDA Ireland. Mr Kenny described it as “most welcome news” for Ireland and the region. “The … Continue reading
Is american manufacturing in crisis?
As pointed out by Calculated Risk, industrial production is still 4.1% below the pre-recession peak. And, from the job market perspective, things are worse. Manufacturing’s decline in jobs is part of a complicated picture Is manufacturing in crisis? That’s a question on the minds of many policy makers. Even President Barack Obama talked about it in … Continue reading
A Juxtaposition of news to see where are the new jobs
Where are the jobs? That’s where the juxtaposition comes in. The real job creation numbers — the staggering numbers — remain outside the United States. • Amazon.com is creating 3,300 jobs in Hyderabad, India. • Ford Motor Co. is creating 5,000 jobs in Sanand, India. • Infosys Technologies is creating 4,000 jobs in China. • … Continue reading
At The Root Of the Global Job Gap | Finance and economic growth delinked
The neglect of credit and debt in economic theory continues to produce muddled policy thinking. Take the tendency to protect banks lock, stock and barrel, at huge costs. The mantra is that if we let banks go bankrupt, that will ruin the economy. This is a nifty inversion of the truth: it is precisely the … Continue reading
1/3 of unemployed in eurozone are from Spain
Fears for Spain’s ‘imploding’ economy grew yesterday as figures revealed that one in four people in the country are out of work. The figure – 24.4 per cent – is so high it means that one jobless person in three inside the eurozone is Spanish. Unemployment in the country now tops 5.6million – its highest … Continue reading
U.S. Multinationals Creates Jobs Mostly Abroad writes WSJ.com
Thirty-five big U.S.-based multinational companies added jobs much faster than other U.S. employers in the past two years, but nearly three-fourths of those jobs were overseas, according to a Wall Street Journal analysis. Those companies, which include Wal-Mart Stores Inc., International Paper Co., Honeywell International Inc. and United Parcel Service Inc., boosted their employment at … Continue reading
Reverse Offshoring | Indian firms creates jobs in US
Indian companies operating in 40 American states have invested over USD 820 million in manufacturing facilities in the US, creating thousands of jobs, according to the 2012 India Business Forum (IBF) survey. The survey “Indian Roots, American Soil: Adding Value to US Economy and Society”, released by the Confederation of Indian Industry (CII) at a … Continue reading
Equal Employment Opportunity | New rules on job seekers with criminal records
The U.S. Equal Employment Opportunity Commission voted Wednesday to revise its long-standing guidance to employers on how to properly evaluate job applicants’ criminal histories in pre-employment screening. The issue became a controversy because an estimated 65 million Americans have some type of criminal record, which can make it very difficult to get a job. Researchers … Continue reading
Feds’ budget cuts would cost 108,000 fewer jobs to the Canadian economy
The Canadian economy could grow at a slower pace, and have 108,000 fewer jobs as the federal government cuts more than $5 billion in spending and eliminates the deficit by 2015, according to a report from Parliament’s spending watchdog. The economic and fiscal outlook from Parliamentary Budget Officer Kevin Page, released Wednesday morning, also predicts … Continue reading
Iran | At least 100,000 Layoffs Last Year
More than 100,000 Iranian workers lost their jobs in the past year alone, says the head of Iran’s House of Labour. According to Iran’s Labour news agency Ilna, Alireza Mahjoub, head of the state-sponsored union body, said that in the past year 100,000 workers had been laid off from one thousand production units across the … Continue reading
The Reserve Army of Unemployed | 35,000 chase 1,000 jobs at Range Rover
The stark health of the UK jobs market has been highlighted after a car chief revealed his company had seen an avalanche of applications for 1,000 vacancies in only a few weeks. Jaguar Land Rover announced last month that it needed 1,000 more workers at its factory at Halewood, Merseyside, to cope with a surge … Continue reading
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