Showing posts from May, 2013

1 Million Work into Retirement in UK, Numbers Rise by 100,000

Thought by many to be due to the financial squeeze on the nation’s over-65s, almost one million pension-aged Britons are still working into their retirement. Over just the past two years, the figure has increased by almost 100,000.

The numbers come from the Office for National Statistics’ Labour Market Survey. It stated that between January and March of this year, almost one million, 980,000, retired people held some sort of employment. Figures from two years earlier show that during the first three months of 2011, only 883,000 retired people were in employment.

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Poor investment returns on savings, as well as low annuity rates may push many workers to delay retirement, or to keep working part time after it. Seeking an annuity quote is one way of preparing for the reality of retirement, as many have no idea of what income range their pension pot will provide when they retire. Getting pension projections or consulting an independent financial adviser before retir…

Unemployment in Scotland falls by 7000 to 199,000, figures reveal

The number of jobless in Scotland has fallen by 7000 to stand at 199,000 between January and March.

The figures published by the Office for National Statistics show that headline employment rose by 54,000 in the three month period to March 2013, which is the largest quarterly rise in employment in Scotland since the start of the series in 1992.

Scotland’s headline employment rate, which refers to the population aged 16 to 64, rose to 71.8%, is the largest increase in employment rate of any nation or region in the United Kingdom. The rate for the UK as a whole is 71.4%.

Welcoming the news First Minister Alex Salmond said: "The figures show the largest rise in employment on record with an increase of 54,000 people in employment. Scotland also showed the largest quarterly rise in employment rate of all 12 UK countries and regions.

"Scotland is out-performing the UK with a higher employment rate and lower unemployment rate. And our youth employment rate is continuing to make enc…

UK Employment Minister Mark Hoban responds to the latest Labour Market Statistics

DWP Employment Minister Mark Hoban responds to the latest Labour Market Statistics, released today by the Office for National Statistics May 2013. Learn more about the statistics.

Key Senate panel passes immigration reform bill, offers path to US citizenship for 260k Indians

The landmark immigration bill, which offers a path to citizenship for more than 11 million - including over 260,000 Indians - undocumented immigrants and increasing H-1B visas today passed its first legislative test.

The Senate Judiciary Committee on the fifth day of its deliberations that included 300 amendments to the Comprehensive Immigration Reform bill - Border Security, Economic Opportunity, and Immigration Modernization Act - passed it by 13-5 votes.

The bill passed through the key Senate committee only after lawmakers reached a deal on H-1B visa expansion plan. The bill (No 744) now goes to the Senate for approval, which is expected to witness another round of negotiations and tough bargaining. It needs 60 votes to pass the 100-seat Senate.

Welcoming the passage of the legislation, US President Barack Obama said that it is largely consistent with the principles of commonsense reform he has proposed and meets the challenge of fixing the broken immigration system.

Obama urged t…

US witnessed 1199 mass layoff actions in April involving 116849 workers

Employers took 1,199 mass layoff actions in April involving 116,849 workers as measured by new filings for unemployment insurance benefits during the month, the U.S. Bureau of Labor Statistics reported. Each mass layoff involved at least 50 workers from a single employer. Mass layoff events decreased by 138 from March, and the number of associated initial claims decreased by 11,090. In April, 293 mass layoff events occurred in the manufacturing sector resulting in 29,744 initial claims. Monthly mass layoff events are identified using administrative data sources without regard to layoff duration.

The national unemployment rate was 7.5 percent in April, essentially unchanged from the prior month and down from 8.1 percent a year earlier. Total nonfarm payroll employment increased by 165,000 over the month, and increased by 2,077,000 over the year.

The number of mass layoff events in April was 1,174, resulting in 119,196 initial claims for unemployment insurance. Over the year, the numbe…

Figures released on Bulgarian and Romanian migrant workers

More than 100,000 Bulgarian and Romanian nationals are working in the UK, official employment figures show.

The Office for National Statistics (ONS) has for the first time published a breakdown of Romanians and Bulgarians in employment, an annual rise of nearly 15%.

Bulgarians and Romanians will this year gain the same rights to work in the UK as other EU citizens.

This has sparked concerns about a rise in migration from the two countries.

In response to the end of the temporary work restrictions, the UK government is considering limiting migrants access to benefits, healthcare and housing.

The ONS published its regular employment statistics with a new breakdown of data showing where foreign workers were from - with those originating in recent European Union (EU) accession countries such as Poland in a separate category to more established nations such as France and Spain.

It also separated out workers from Romanian and Bulgarians in response to "customer demand".

The figure…

In battle for US visas, countries put best foot forward

The government of South Korea hired a former CIA analyst, two White House veterans and a team of ex-congressional staff members to help secure a few paragraphs in the giant immigration Bill.

The government of Ireland, during St Patrick's Day festivities, appealed directly to President Barack Obama for special treatment. And the government of Poland squeezed Vice-President Joe Biden for its own favour, a pitch repeated at an embassy party last week featuring pirogi and three types of Polish ham.

Those countries, and others, succeeded in winning provisions in the fine print of the 867-page immigration Bill now before Congress that gives their citizens benefits not extended to most other foreigners.

Ireland and South Korea extracted measures that set aside for their citizens a fixed number of the highly sought special visas for guest workers seeking to come to the US. Poland got language that would allow it to join the list of nations whose citizens can travel to the US as tourists …

UK launches 'super-priority' visas for Indians

Britain has launched a new "super priority" same-day visa service for urgent travellers from India, the first-of-of-its-kind service to be launched by the UK anywhere in the world.

The Super Priority Visa Service had been announced by British Prime Minister David Cameron during his visit to the country in February this year.

The first-of-of-its-kind service to be launched anywhere in the world by the UK Home Office is open for appointment bookings in India from today.

"I am delighted to see the Super Priority Visa service being launched in India before any other country," said Sir James Bevan, the British High Commissioner to India.

"For the first time, Indian visitors will now have the option of a same-day visa to the UK. This underlines our strong commitment to make an already excellent visa service even better. We expect this new service to be particularly useful for business," he said, adding that it will cater to those who need to travel on very shor…

How to find jobs online

Are you looking for jobs vacancies in online media like websites, blogs, Facebook  twitter, etc.? The right place would be employer (university/organizations) websites in this regard. But question is how many sites one can visit to find the most suitable job opportunity. Here comes the importance of job boards in Science, Technology or Engineering.

For example, is one of the widely used job sites. It lists more than 1000 new positions every month. The home page is at and it has discipline wise sub-sites which can be accessed right from the homepage itself.

It often lists articles on how to write resumes and cover letters, career related news, immigration and visa updates, etc.

There's helpful advice on how to negotiate compensation, get good references, and how to research employment related benefits and legal issues, like what to do if you're fired or laid-off.

You'll also find tips and advice to ensure that you are using all the…

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Canada recovers some of March’s big job loss in April

THE TORONTO SUN: The Canadian economy in April recovered 12,500 of the 54,500 jobs estimated to have been lost in March, but the unemployment rate stayed at 7.2%, Statistics Canada reported on Friday.

The figures were in line with the median forecast, in a Reuters survey of economists, of 15,000 new jobs and a 7.2% jobless rate. The unemployment rate had risen to that level in March from 7.0% in February.

The data is fairly volatile as March's big job loss followed a gain of 50,700 positions in February. The employment statistics are based on a sample survey of representative households and are considered accurate only to within plus or minus 57,400, 19 times out of 20.

"It was a very choppy report, but basically in line with consensus. Nothing that really stands out to really drive policy one way or another," TD Securities chief Canada macro strategist David Tulk told Reuters.

"The initial knee-jerk move lower in the Canadian dollar ... -- that will just unwind it…

US immigration bill would help Social Security's finances

The Indian Express: A Senate bill to overhaul US immigration laws would help ease financial strains on the Social Security retirement program, government analysts said on Wednesday in a report that marked the latest salvo in a debate over the legislation's impact.

In a letter to Florida Republican Senator Marco Rubio, who is one of the authors of the bill, analysts at the Social Security Administration said the overall effect of the bill on the Social Security's finances "will be positive."

The analysis said the bill would create a net 3.22 million jobs over the next decade and boost U.S. gross domestic product by 1.63 percentage points over that period.

The letter came days after a hotly debated report from the Heritage Foundation, a conservative think tank, said the pathway to citizenship in the bill for undocumented immigrants could cost taxpayers trillions of dollars.

The sweeping immigration bill would boost funding for border security, revamp visa programs to …


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Economy: US jobs figures contrast with Europe

IMPROVEMENTS in the US jobs market have highlighted a sharp contrast in economic conditions on either side of the Atlantic.

While official figures from the US labour department showed job creation was stronger than expected in April, the European Commission warned that eurozone unemployment will remain at record levels as the recession across the 17-member bloc persists.

Marcus Bullus, trading director at MB Capital, said: “Given this week’s surprise interest rate cut by the European Central Bank [ECB], it reinforces how 
the US is moving forward and gaining momentum, while the eurozone remains stuck in first gear.”

The ECB cut its main rate by 0.25 percentage points to a record low of 0.5 per cent on Thursday, but economists described the cut as a symbolic gesture that was unlikely to stimulate lending to small firms.

US employers added 165,000 jobs in April, ahead of the expected figure of about 148,000, boosted by a rebound in retail employment. Revisions to hiring statistics for …

Pakistani and Bangladeshi women entering the world of work increases - Why?

See this interesting BBC News video and find why Pakistani and Bangladeshi women are now joining the UK labour market in increasing numbers.

Traditionally, employment rates for Pakistani and Bangladeshi women in the UK have been much lower than those of white or other ethnic-minority women.

Many have faced language and cultural barriers, with women often being required to stay at home to cook and bring up children.

But according to figures from the Office of National Statistics, Pakistani and Bangladeshi women are now joining the UK labour market in increasing numbers. View the full story here.

US needs a comprehensive immigration reform: White House

The US needs a comprehensive reform system functional both for dealing with legal and illegal immigration in the country, the White House has said.

It refused to side with lawmakers who are seeking to put the ongoing reform on hold in the wake of the Boston marathon bombings.

"We need an effective comprehensive immigration system that is functional both for dealing with legal immigration, as well as dealing with the 11 million illegal immigrants who are in this country," the White House Press Secretary Jay Carney said at his news conference yesterday.

"We believe that we need to move forward with comprehensive immigration reform for a whole host of reasons and the benefits that reform will provide to our country, to our economy, to our security," he said.

He said when asked about the questions being raised by some lawmakers on the need of an immigration reform in the aftermath of the Boston bombings in which two immigrant brothers from Chechnya were allegedly invo…

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