Job Market Monitor
Recession
Eurozone enters ‘mild recession’ – RTÉ News
EU Economic and Monetary Affairs Commissioner Olli Rehn has said that Ireland’s economy is continuing to recover. Mr Rehn said that the EU-IMF bailout has contributed to the recovery through financial assistance and the restructuring and recapitalisation of the banking sector. This is despite figures showing an expected slowdown in exports and an increase in … Continue reading
Data Suggest Euro Zone May Slide Back Into Recession – EU Business News – CNBC
The euro zone’s service sector shrank unexpectedly this month, reviving fears that the economy risks sinking into recession, a business survey showed on Wednesday. Markit’s Eurozone Services Purchasing Managers’ Index (PMI) fell to 49.4 from January’s 50.4, missing even the lowest forecast in a Reuters poll of 44 economists whose predictions centred on a rise … Continue reading
Conservative spending cuts could tip Canada into recession, federal union economists say
The Conservative government could tip Canada into a recession if it reduces federal spending by up to $8 billion, says an analysis by the union representing government economists and social scientists. Claude Poirier, president of the Canadian Association of Professional Employees, said that if the Conservatives press ahead with spending reductions of $8 billion by … Continue reading
Recession adds to stress of workers who take more time off – Health News, Health – Independent.ie
WORK-related stress increases during a recession, leading to more employees taking time off, according to new research. A study among tens of thousands of civil servants in Northern Ireland undertaken by researchers at the University of Nottingham and University of Ulster found that one in four workers experienced work-related stress in times of recession. The … Continue reading
IMF warns of HK recession – The Standard
Hong Kong faces a potential recession if the European financial crisis deepens, the International Monetary Fund warned. Economic growth locally is expected to slow to 4 percent in 2012 from 5.75 percent estimated for this year because of weakening external demand, the fund said in a report released yesterday. In the third quarter, the economy … Continue reading
Pain Without Gain – NYTimes.com
Last week the European Commission confirmed what everyone suspected: the economies it surveys are shrinking, not growing. It’s not an official recession yet, but the only real question is how deep the downturn will be. And this downturn is hitting nations that have never recovered from the last recession. For all America’s troubles, its gross … Continue reading
6 ways the job search has changed post-recession : The Work Buzz
The recession changed a lot of things. It changed the way people spend money, the way they save for retirement, the way they invest in stocks. It’s also changed the way companies recruit employees. Gone are the days when companies courted prospective employees, hiring managers offered generous starting bonuses and job seekers could choose from … Continue reading
2012 will be ‘year of recession:’ Italy’s bank chief | CTV News
Italy’s central bank chief on Saturday predicted that the eurozone’s third-largest economy will see a return to growth next year, but he confirmed forecasts that 2012 will be a “year of recession.” Bank of Italy Governor Ignazio Visco also described Italian banks as being sound in terms of having adequate capital, but cautioned that the … Continue reading
ECRI’s Controversial Recession Call: Fifth Consecutive Improvement in the Growth Index – Advisor Perspectives (dshort.com) – February 17, 2012
The Weekly Leading Index (WLI) growth indicator of the Economic Cycle Research Institute (ECRI) came in at -3.7 in today’s public release of the data through February 10th. This is the fifth consecutive week of improvement (less negative) data for the Growth Index and the highest level (i.e., least negative) since August 26th of last … Continue reading
Czech economy slips into recession | Firstpost
The Czech Republic’s Statistics Office says the country’s economy shrank by a 0.3 percent in the final three months of 2011 to slip into recession after a brief recovery. The economy contracted for the second consecutive quarter after it was down by 0.1 percent in the third quarter — the technical definition of a recession. … Continue reading
Germany | Economy Shrinks in Fourth Quarter: Confident Downturn Will Be Brief – SPIEGEL ONLINE – News – International
The German economy shrank by 0.2 percent in the fourth quarter of 2011, as the euro crisis began to bite. But the contraction was less than expected, and economists expect Germany to avoid the recession plaguing many countries in the euro crisis. Leading indicators point to a resumption of growth by mid-2012. The German economy, … Continue reading
Trades Union Congress – Jobless cleaners, caterers and machine operators amongst those most at risk of long-term unemployment
If they become unemployed, low-paid workers such as cleaners, catering assistants and machine operators are most likely to be on the dole for more than six months, according to a new TUC analysis published today (Monday) ahead of the latest unemployment statistics this week. The TUC analysis shows that as unemployment rises and the number … Continue reading
Silicon Valley Gaining Back Jobs Lost In Recession « CBS San Francisco
A report released Thursday claimed it will take another two to three years for the Bay Area to regain all jobs that were lost in the recession. However, the report also suggested that the road to recovery runs right through Silicon Valley. The Bay Area Council Economic Institute expects Silicon Valley to recover all of … Continue reading
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