Shaila’s Weblog

Posts Tagged ‘industry

Large-scale U.S. layoffs rose again in March & early April 09, according to Labor Department data on Thursday, as the economy struggles with what many expect will be the country’s worst post-World War II recession. With the number of people filing for unemployment in March surpassing that from the prior month, and the total number of people doing so the highest on record.

layoff

About 640,000 people filed for unemployment for the first time in March, up from about 613,000 in February. Meanwhile, some 6.14 million people are on the jobless benefits rolls, setting a record for the 12th straight week.

ast month witnessed 2,933 more mass layoffs, defined as affecting 50 or more workers, than February. This brought the total number of people who lost their jobs in this manner to 299,388, the highest on a record that dates back to 1995.

The U.S. job market has been under severe strain as a crisis first evident in housing spread to the rest of the economy, severely curtailing corporate profits and consumer spending.

Ongoing pain was evident across sectors, with the Labor Department also reporting another record for blanket layoffs within manufacturing.

Mass layoffs now total 31,414 since the start of the recession in December 2007, resulting in the loss of more than 3.2 million jobs. The monthly mass layoff numbers are compiled from establishments with at least 50 initial claims for unemployment insurance filed against them during a five-week period.

Over the past year, the deterioration in initial claims, continuing claims, and the insured jobless rate has been just as bad as they were during the 1981-1982 recession, which has been the most severe in the post-World War II period,” said Steven Wood, chief economist at Insight Economics.

The United States has lost 5.1 million jobs since the start of 2008. Earlier this month, the Labor Department reported that the nation’s unemployment rate is 8.5 percent, the highest in a quarter-century.

For those in Jobs

layff

Over the past year, though, the new term is ‘downsizing’ — shrinking the employee base so that employee costs match slower business growth. This fiscal, as the recession in the markets start biting, their tolerance for non-performers is down to zero.So those in jobs are not having any margin of doing any honest mistake.


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Nine of 10 Canadian households now has a computer, and four of 10 have some sort of video game console, according to brand new statistics from the Entertainment Software Association of Canada.

The results will be published in an annual booklet scheduled for release next month.


The new stats show that seven of 10 Canadians aged 18 to 34 say they’ve played some video game in the past month. Of them, 34 per cent say they play video games every day, for an average of 7.1 hours per week.

It all goes to show that video games have become mainstream media to most Canadians.

“What we’re seeing is growth in markets you wouldn’t have seen five years ago,” says Nicole Helsberg, a spokesperson for ESAC. “For instance, Nintendo has been actively courting the non-traditional gamer, especially women. So what they’re doing is developing product specially aimed at women, which is why we’re seeing growth in all these areas.”

The Kyoto-based Nintendo has been dominating the Canadian market with its Wii, which just hit the one million units sold mark in July. Comparatively, Canadians have bought 870,000 Xbox 360s and 520,000 PlayStation 3s.

But Canadians don’t just play games, they create them as well.

The gaming industry employs 10,000 people across the country, and that number is growing by eight per cent each year.

They’re quite good at it too — consider that of the top 100 bestselling titles of 2007, 21 were made in Canada.

“The growth of the industry in Canada has to do with the talent we have here,” Helsberg says.

“A lot of it has to do with the way developers have spawned from bigger studios. You look at a market like Vancouver, EA Games sets up shop, people go to learn the trade, and they go off and form their own development trade.

“We have great ties to the educational system in Canada, which is teaching young people the skills to thrive in this industry. Which is why the video game industry is the fastest growing entertainment industry in Canada.” Read more… source: Canada.com


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