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Job losses News

Canadian economy sees biggest jobs loss in nine years

Toronto - It was expected that Canada's economy would generate 10,000 new jobs in January, with the unemployment rate remaining unchanged. However, 88,000 jobs were lost last month, mostly part-time, bringing the jobless rate up to 5.9 percent.

U.S. solar industry records first job losses since 2010

The U.S. solar industry lost 9,800 jobs last year, the first decline ever recorded since 2010, according to The Solar Foundation's latest National Solar Jobs Census.

Oil and gas industry impacts on Canadian economy

Both Canada and the U.S. are in the top five oil and gas producing countries on the planet. However, the collapse of oil prices in 2014, along with the growth of renewable energy sources, has left many oil field workers out of a job.

HP to shed up to 4,000 workers over the next three years

HP Inc. the successor company to Hewlett-Packard the computer manufacturer is downsizing once again. The company announced that it expects to eliminate 3,000 to 4,000 jobs over the next three years.

Op-Ed: Opponents of minimum wage need to examine reality

The minimum wage debate has become a hot-topic debate in the wake of a series of strikes by workers in the fast-food and retail industries.

AstraZeneca announces massive job cuts

The pharmaceutical company AstraZeneca has announced two rounds of significant job cuts in an attempt to boots its profitability.

Municipal workers preparing for job losses at Toronto City Hall

Toronto - Two internal leaked memos state that Toronto City Hall may look at laying off municipal workers in order to trim the 2012 $784 million operating budget. City Manager Joe Pennachetti issued a second Q&A memo to address employees' concerns over job losses.

Temp workers first to lose jobs during economic downturn: U.N.

Between 100,000 to 150,000 temporary workers lost their jobs in Germany during the economic downturn in 2008 but the trend was duplicated in the U.S., France, Spain and Japan.

Canada's Unemployment Rate Hits Seven-Year High

Employment, in Canada, declined by 61,000 in March, all in full-time work. This decrease pushed the unemployment rate up 0.3 percentage points to 8.0%, the highest rate in seven years.

Israeli Job Losses Hit Record High

Job losses in Israel reach an all time high as 20, 072 people lose their jobs in March and 17,800 in February; a situation which is likely to get worse.

Statistics Canada Reports Significant February Job Losses

Employment fell for the fourth consecutive month in February (-83,000), bringing total losses since the peak of last October to 295,000 (-1.7%)

US Job Losses Hit 25 Year High

The month of February saw the US economy lose 651,000 jobs which results in a record high unemployment rate of 8.1 percent.

Dutch economy takes nosedive

Two months ago, Dutch economists still were cautiously optimistic that the US credit crunch would not hit this European gateway-trading nation as hard as it did other parts of the world. However, the Wall Street malaise is hurting the Dutch economy.

Bombardier Aerospace Announce Steep Job Cuts

Bombardier Aerospace is cutting 1,360 jobs due to today's uncertain economic climate. The cuts equal approximately 4.5 per cent of its workforce.

Op-Ed: Depression logic is Panic first, then think

Economists are now looking at possible US job losses of 600,000 a month. That’s 7.2 million per year. One year would exceed the worst predictions. So far the pattern of responses by employers is a series of short term knee jerks and no forward logic.

Op-Ed: Canadians Warned About Substantial Job Losses

Canada's Prime Minister and Minister of Finance have issued a warning to Canadians to be prepared for a worsening economy and substantial job losses. The leaders of Canada haven't given citizens hope for any rebound.

Canada: Unemployment Rate Reaches 6.6% in December

Statistics Canada reports employment declined for the second consecutive month in December as the result of a large drop in full-time work.

Statistics Canada: Employment Fell by 71,000 in November

Following little change in October, employment fell by 71,000 in November, with the decrease split between full- and part-time work. The unemployment rate rose 0.1 percentage points to 6.3%.

One Picture Says A Thousand Words - The Subprime Foreclosure Mess

We are all aware of the growing foreclosure rates across the US. The New York Times published an incredible graphic illustration of just how big and how all encompassing the foreclosure numbers are across the nation.

Provincial Budget Could Create Silviculture Job Losses

The New Brunswick provincial budget has not pleased everyone, cuts to the province's silviculture program are not resting well with the woodlot owners who claim job losses will result.

Dalhousie New Brunswick Chemical Plant Closes

Another plant is closing in Dalhousie New Brunswick, when the Olin Corporation chemical plant closes one hundred plus jobs will be lost. The AbitibiBowater Mill closes at the end of January.

Canada Records Job Losses as Loonie Drops

Job losses, according to Statistic Canada in December for the first time in seven months did not effect the unemployment rate which remained at 5.9 per cent. The loonie took a slight drop.
 

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Statistics Canada Main Building in Ottawa  Ontario  Canada.
Statistics Canada Main Building in Ottawa, Ontario, Canada.
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