Job Market Monitor
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UK | Vantec Europe to create 230 jobs
More than 200 jobs are to be created in Sunderland by a warehousing and logistics firm as part of a £22.5m investment. Vantec Europe is planning to invest in a 421,000 sq ft building at Turbine Business Park. The firm employs more than 800 people in the north-east of England and said it would create … Continue reading
U.S. | Who is really creating job ?
For the last four decades, U.S. corporations have been sinking our economy through the off-shoring of jobs, the squeezing of wages, and a magician’s hat full of bluffs and tricks designed to extort subsidies and sweetheart deals from local and state governments that often result in mass layoffs and empty treasuries. We keep hearing that … Continue reading
Canada | Labour Market roars back in March
Following four months of little change, employment increased by 82,000 in March, mostly in full-time work. This brought the unemployment rate down 0.2 percentage points to 7.2%. Compared with 12 months earlier, employment was up 1.1% or 197,000. Almost all of this growth was in full-time employment, up 181,000 (+1.3%), while part-time employment edged up. The total number of hours worked rose 1.6% over the same period. … Continue reading
U.S. | Odds of finding a job decreases substantially with the length of time spent searching
“The length of time the jobless spent searching for work before finding a job increased from 5.2 to 10.4 weeks between 2007 and 2010, edging down to 10.0 in 2011; for the unemployed who eventually quit lookingand left the labor force, duration also increased sharply between 2007 and 2011, from 8.7 to 21.4 weeks” write Randy E. … Continue reading
U.S. | Older workers capture more new jobs
Older workers are snaring an outsized share of job gains in the economic recovery as they put off retirement amid shrinking nest eggs, changes in Social Security benefits and improved health. They’re not necessarily limiting the pool of jobs for younger workers, says Dean Maki, chief U.S. economist for Barclays Capital. More-experienced employees are often … Continue reading
Oklahoma | Google announces 50-job expansion
Google plans to double its server capacity in Oklahoma and add 50 new jobs when it builds a new facility in the state, company officials announced Wednesday. The new facility will be built next to the $600 million data centre Google opened near Pryor last fall, said data centre operations manager Mike Wooten. Google will … Continue reading
India | Infosys creates 10,000 jobs in Kerala
Infosys Limited, India’s second largest IT company, Wednesday signed an agreement with Technopark for 50 acres of land for setting up a second campus in Technocity near here. The agreement was signed by Infosys Senior Vice President H R Binod and Technopark CEO KG Girish Babu in the presence of Chief Minister Oommen Chandy. Infosys … Continue reading
College graduates of 2012 | Labor market improves
This year’s college graduates are being offered more jobs and fatter paychecks. Members of the Class of 2012 are being offered median starting salaries of $42,569 — up 4.5% from last year, a new report from the National Association of Colleges and Employers shows. Meanwhile, they have more jobs to choose from. Employers expect to … Continue reading
U.S. | Men Taking 88% of Recovery Jobs
Men, who lost more than twice as many jobs as women during the worst economic slump since the Great Depression, have landed 88 percent of the non-farm jobs created since the recession ended in June 2009. The share of men saying the economy was improving jumped to 41 percent in March, compared with 26 percent … Continue reading
3,200 jobs saved for Britain’s GAME
A deal was struck on Sunday to save British video games retailer GAME, which was taken into administration Monday, and preserve nearly 3,200 jobs. OpCapita, which specialises in turning around ailing High Street stores, has bought 333 shops for an undisclosed fee, administrators PricewaterhouseCoopers (PwC) said. It is believed the turn-around investment firm paid a … Continue reading
UK | Young Unemployment | Clegg Launches £1bn Flagship Scheme
Nick Clegg is today launching his £1bn flagship scheme to get young people into work amid accusations that the government has been complacent over youth unemployment. The Deputy Prime Minister – who has championed the plan in the coalition – will say the start of the Youth Contract offers a route into work for young … Continue reading
Baltic | Mass unemployment spurs brain drain – Video
Baltic boom busts as mass unemployment spurs brain drain – YouTube.
Social Media | How they can helph College Students in Job Search
“A groundbreaking survey from the John J. Heldrich Center for Workforce Development at Rutgers University found that recent college graduates, like many others across the United States, are struggling in today’s job market. Only a little over half of recent college graduates are working in full-time jobs. Additionally, half are working in jobs that do not … Continue reading
American Manufacturing Decline | Worse Than the Great Depression
“The conventional wisdom that U.S. manufacturing job loss is simply a result of productivity-driven restructuring (akin to how U.S. agriculture lost jobs but is still healthy) is fundamentally flawed” writes Robert D. Atkinson, Luke A. Stewart, Scott M. Andes and Stephen J. Ezel in What the Experts Are Missing About American Manufacturing Decline . Source: http://www2.itif.org/2012-american-manufacturing-decline.pdf . Excerpts by JMM … Continue reading
Australia | Bunnings creates 6,000 jobs
Hardware chain Bunnings has announced plans to create 6,000 jobs in the next three years as part of its longstanding expansion plans. The company says it will spend $1.5 billion building 85 new stores across Australia and New Zealand… Read More @ Bunnings expansion to create 6,000 jobs – ABC News (Australian Broadcasting Corporation).
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