The number of planned job cuts fell 27% in March,following heavy cuts in February,according to outplacement firm Challenger,Gray and Christmas.It's a sign that the labor markets continue to improve,CEO John Challenger said.The statistic is at a 10-month low right now,and things are looking good.On the year,planned cuts dropped 8.8%.
Telecom was the worst monthly sector,with more than 4,000 cuts.On the year,consumer products and transportation,key indicators for the economy,are the best faring sectors.Looking at jobs growth,is something going on or is it just the election?,Mr.Challenger asked.Governments haven't been cutting as many jobs.There were no big cuts at the federal level.
Employers will add 12,390 jobs-up from 10,720 in February.
The private sector's creating a lot of jobs,but we are without the large numbers of construction and government hiring as there usually would be by now in a recovery,Mr.Challenger pointed out.
Challenger,Gray and Christmas is the nation's oldest outplacement consulting organization,providing outplacement programs for executives,middle managers and long term or highly valued employees.
Monday, April 9, 2012
Sunday, April 8, 2012
Shop Talk:Bay Area in Overdrive
It's been inspiring to see the massive response in the San Francisco Bay Area to the likely abduction of high school student Sierra LaMar.This blog commends the passion and dedication shown by the innumerable professionals and volunteers alike,giving up untold hours of free time to defend the values of their community.
It is clear the Bay Area is sending a message.A line has definitely been drawn.Like this blog,they will not accept the predatory abduction,abuse and/or murder of young women.If it's three more weeks or three more years,we can be confident Sierra LaMar will still be looked for by her many loyal friends and steadfast neighbors.At least this active statement makes the crisis a little more bearable.
It is clear the Bay Area is sending a message.A line has definitely been drawn.Like this blog,they will not accept the predatory abduction,abuse and/or murder of young women.If it's three more weeks or three more years,we can be confident Sierra LaMar will still be looked for by her many loyal friends and steadfast neighbors.At least this active statement makes the crisis a little more bearable.
Saturday, April 7, 2012
Thursday, April 5, 2012
Connecting in Israel:GE Healthcare and Intel
The GE Healthcare center at Tirat Carmel,Israel is the site of a new lab for collaboration between GE Healthcare and Intel,which also has an R&D center in the Haifa area.The two firms will jointly evaluate their products at the new lab,aligning and optimizing Intel microprocessors and GE diagnostic imaging systems.
Intel and GE Healthcare aim to bring truly innovative technology to the medical imaging industry,Intel general manager Michelle Tinsley explained.GE and Intel hope the partnership will lead to the development of affordable and advanced healthcare technology that ultimately will bring better healthcare to more people around the world,GE Healthcare Chief Technology Officer Mike Harsh added.
GE Healthcare and Intel will both provide technology and expertise to support the new lab,while GE will contribute hosting and operational management,Intel said.The two firms employ hundreds of people at their centers in the Haifa area.
At the same time,the U.S. Chamber of Commerce recently sent a delegation of U.S. life sciences companies to Israel,including GE Healthcare;AstraZeneca's subsidiary MedImmune;Boston Scientific;and Oracle Life Sciences and Health.They met with Israeli officials such as Prime Minister Benjamin Netanyahu and Finance Minister Juval Steinitz,as well as private sector representatives.Israel is offering incentives to multinationals to open more R&D centers and provide venture capital to start-ups.Delegation leader Myron Brilliant,a senior Vice President with the U.S. Chamber,said Israel must institute regulatory reforms in the areas of intellectual property and taxation to encourage more U.S. companies to establish centers there.
General Electric(GE),Intel(INTC),Oracle(ORCL),Boston Scientific(BSX),AstraZeneca(AZN)
Intel and GE Healthcare aim to bring truly innovative technology to the medical imaging industry,Intel general manager Michelle Tinsley explained.GE and Intel hope the partnership will lead to the development of affordable and advanced healthcare technology that ultimately will bring better healthcare to more people around the world,GE Healthcare Chief Technology Officer Mike Harsh added.
GE Healthcare and Intel will both provide technology and expertise to support the new lab,while GE will contribute hosting and operational management,Intel said.The two firms employ hundreds of people at their centers in the Haifa area.
At the same time,the U.S. Chamber of Commerce recently sent a delegation of U.S. life sciences companies to Israel,including GE Healthcare;AstraZeneca's subsidiary MedImmune;Boston Scientific;and Oracle Life Sciences and Health.They met with Israeli officials such as Prime Minister Benjamin Netanyahu and Finance Minister Juval Steinitz,as well as private sector representatives.Israel is offering incentives to multinationals to open more R&D centers and provide venture capital to start-ups.Delegation leader Myron Brilliant,a senior Vice President with the U.S. Chamber,said Israel must institute regulatory reforms in the areas of intellectual property and taxation to encourage more U.S. companies to establish centers there.
General Electric(GE),Intel(INTC),Oracle(ORCL),Boston Scientific(BSX),AstraZeneca(AZN)
Monday, April 2, 2012
NCAA Basketball Championship:Eyeballs May Have Strayed
After The Fray's charming acoustic guitar and drum national anthem,the NCAA Championship basketball game was trending downhill,though with some blips of excitement.The Kentucky Wildcats seized control early and made it clear they likely wouldn't relinquish it to the Kansas Jayhawks.The game started too late to begin with-9:23 Eastern.Despite a football style crowd of 70,000 screamers in the New Orleans Superdome,the air was gradually being let out of the broadcast balloon.
Sponsors of the CBS telecast included SABMiller PLC;Capital One Financial;AT&T;Chrysler;General Motors;Daimler Benz;Liberty Mutual;Nissan Motor Company Ltd.;Coca-Cola;and TD Ameritrade.The initial audience was no doubt of exceptional size,but one can see how it may have trailed off considerably before too long,depriving these firms of many of their highly desired eyeballs.
Kansas made a late run,but number one-ranked Kentucky won 67-59 for the team's eighth national championship.
Sponsors of the CBS telecast included SABMiller PLC;Capital One Financial;AT&T;Chrysler;General Motors;Daimler Benz;Liberty Mutual;Nissan Motor Company Ltd.;Coca-Cola;and TD Ameritrade.The initial audience was no doubt of exceptional size,but one can see how it may have trailed off considerably before too long,depriving these firms of many of their highly desired eyeballs.
Kansas made a late run,but number one-ranked Kentucky won 67-59 for the team's eighth national championship.
Sunday, April 1, 2012
Asia This Day:Petronas To Make Big Canadian Acquisition
The Malaysian state-owned oil and gas company,Petronas,intends to make a major Canadian acquisition.The firm is expected to spend about five billion dollars for a substantial foothold in North America.It's following China's lead in seeking global energy assets.In June 2011,the company aqcuired a stake in Canadian shale gas assets for just over a billion dollars.
China's purchasing managers' index came in stronger than expected.The PMI reading was at 53.1,with 50 showing economic expansion.The index is focused on large enterprises and is affected by seasonality.Natural resources such as rubber and copper will be more in demand on the China and U.S. outlooks.
Tropical Storm Pakhar has hit the coast of Vietnam.The first storm of the year,it will also be troubling Thailand.
Mainland Chinese and Vietnam markets are closed today,Monday,for holidays.It is Tomb Sweeping in China and the Hung Kings' Anniversary in Vietnam.China's markets will remain closed through Wednesday.The rest of the Asian markets opened largely higher this morning,with the MSCI Asia Pacific Index up 0.28%.Japan's markets rose despite a gloomy Bank of Japan Tankan survey of business sentiment,which logged a -4 reading,showing more pessimists than optimists among large businesses.
It was partly cloudy in Kuala Lumpur,Malaysia this morning,with a temperature of 82F.
China's purchasing managers' index came in stronger than expected.The PMI reading was at 53.1,with 50 showing economic expansion.The index is focused on large enterprises and is affected by seasonality.Natural resources such as rubber and copper will be more in demand on the China and U.S. outlooks.
Tropical Storm Pakhar has hit the coast of Vietnam.The first storm of the year,it will also be troubling Thailand.
Mainland Chinese and Vietnam markets are closed today,Monday,for holidays.It is Tomb Sweeping in China and the Hung Kings' Anniversary in Vietnam.China's markets will remain closed through Wednesday.The rest of the Asian markets opened largely higher this morning,with the MSCI Asia Pacific Index up 0.28%.Japan's markets rose despite a gloomy Bank of Japan Tankan survey of business sentiment,which logged a -4 reading,showing more pessimists than optimists among large businesses.
It was partly cloudy in Kuala Lumpur,Malaysia this morning,with a temperature of 82F.
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