JOBS

Growth of the U.S economy is expected to remain sluggish next year as the nation suffers from high employment, high public debt, and rising commodity prices, says a report.

The Dutch government said on Thursday it will cut 10,000 defence ministry jobs as part of austerity measures to reduce the budget deficit.

A recent study has put Russia ahead of its Western Europe counterparts as a hot MBA recruitment destination. Retaining the momentum in hiring for the second year, it has shown a steady 22 per cent growth in MBAs recruited, according to QS TopMBA Jobs Index.

President Obama’s call to make the U.S. an exporting powerhouse (i.e., double their volume within five years), is a plausible goal, according to Milton Ezrati, senior economist and market strategist at Lord Abbett.

Swiss pharma giant Roche said it plans to cut 4,800 jobs worldwide over the next two years due to mounting cost pressures in healthcare -particularly in the US and Europe - and increasing hurdles for the approval and pricing of new medicines.

Proposals to reduce the US budget deficit would result in millions of job losses and less deficit reduction, delaying economic recovery for years, according to a report published on Tuesday.

There are now five unemployed workers for every job opening in the U.S., according to the Economic Policy Institute (EPI), a Washington D.C.-based think tank.

U.S. President Barack Obama said the G20 economies have been successful in putting the world economy back on the path of recovery, but admitted that the progress was not fast enough as expected, especially in creating more jobs.

Most of senior executives expect only modest business growth over the next 12 months due to sluggish growth expectations for developed economies and increasing cost pressures from rising labor costs and input prices, a survey showed.

The U.S.-South Korea free trade talks broke down as the two sides failed to resolve principal differences over U.S. beef and auto exports to South Korean markets, but Presidents Barack Obama and Lee Myung-bak said they still hoped the deal could be clinched.

U.S. President Barack Obama announced 20 new trade deals with India worth about $10 billion, which are likely to create around 53,000 jobs in the United States. Deals ranging from sale of heavy transport and commercial aircraft, to gas and steam turbines have been inked. Obama, who is on a 10-day trip through Asia, presided over a meeting of U.S. and Indian executives in India's financial capital of Mumbai.

Unemployment rate in the US remained constant for the third month in October, while nonfarm payroll employment rose more than expected, according to a report by the US Labor Department.

China announced on Friday tax incentives for small businesses in a bid to raise employment levels in the country.

President Barack Obama on Saturday urged changes in the U.S. tax code that would allow the government to collect taxes on companies that create foreign jobs.

One of the predominant economic issues of our day has to do with the “offshoring” or “outsourcing” of American jobs overseas, particularly to developing economies like India and China where costs of labor are significantly less, thereby undermining efforts to reduce the stubbornly high U.S. jobless rate (currently at 9.6 percent)

A monthly gauge of online labor demand in the United States edged up in September from a month ago and was 16 percent above the reading from a year ago.

Private employers unexpectedly cut 39,000 jobs in September after adding an upwardly revised 10,000 jobs in August, a report by a payrolls processor showed on Wednesday.

U.S. Treasury debt prices climbed on Wednesday, pushing benchmark note yields to the lowest since January 2009, after ADP Employer Services said private payrolls unexpectedly contracted in September.

French engineering group Alstom is to cut 4,000 jobs from its power division in the next 18 months, because of the impact of the economic crisis on the coal and gas plant equipment markets.

Global employment will not recover to pre-crisis levels until 2015 if current policies are pursued, fuelling social tension.

Steep competition, long hours, and demanding schedules land the job of a real estate agent on this year's list of most stressful jobs.