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Quebec / Employment-Insurance: Mrs. Maltais is doing everything to lose face
A few days ago, Chantal Hébert wrote in Le Devoir: The political risk Stephen Harper is exposed to is almost nil. The idea that EI is a burning subject in Canada is an optical illusion due to the relative proximity of those regions particularly affected by the reform. (freely translated by the author) Beyond political … Continue reading
UE / Youth unemployment has been around long before the crisis
One of the more tragic outcomes of the euro crisis has been the gut-wrenchingly high youth unemployment rates. More than half of the young people in Greece and Spain are looking for work. “Europe is facing an often-cited “lost generation” which experiences long periods of unemployment or unstable jobs during their first working years, with … Continue reading
Young And Unemployed / 3 Reasons Why You’re Not Getting Hired
If you’re a college graduate and you’re unemployed, you might have an idea of what I’m about to talk about. You’ve spent four years of your life hitting the books, getting good grades, participating in relevant extra-curricular activities, and maybe even juggling a part-time job in between. You’ve worked really hard for your degree and … Continue reading
US / African-American / The wealth gap between worsening
The wealth gap between blacks and whites has nearly tripled over the past 25 years, due largely to inequality in home ownership, income, education and inheritances, according to a new study by Brandeis University. That type of inequality can be a drag on economic growth for everyone, said Thomas Shapiro, director of the university’s Institute … Continue reading
France / Unemployment Nears 16 Year High
Unemployment in France shot up by 43,000 in January. That brings the total number of unemployed to 3.16 million, just shy of the 3.19 million record set in 1997. After he was elected, the administration of socialist President Francois Hollande decided to raise taxes rather than cut spending. Rates on the wealthy were raised to … Continue reading
Germany / Just 2.2 percent of graduates had no work in 2011
All that cramming and hard work might pay off after all: German graduates are practically guaranteed a job – current figures show nearly full employment among those who have an academic degree. Just 2.2 percent of graduates had no work in 2011 according to figures issued on Tuesday by the Institute for Employment Research (IAB) … Continue reading
EU / Government books are closer to being balanced, but mass unemployment seems to be there to stay
Most government books are closer to being balanced. Budget deficits will shrink below the 3 percent limit in the Stability and Growth Pact, while the commission estimates that the eurozone will run a current account surplus of over 2 percent in 2014. The commission also expects Spain to run a current account surplus in 2013. … Continue reading
HR / A good interview question to ask every applicant
Nick Corcodilos started headhunting in Silicon Valley in 1979, and has answered over 30,000 questions from the Ask The Headhuntercommunity over the past decade. In this special Making Sense edition of Ask The Headhunter, Nick shares insider advice and contrarian methods about winning and keeping the right job, on one condition: that you, dear Making Sense reader, send … Continue reading
US / 54 percent support minimum wage increase
A new Rasmussen poll indicates that 54 percent of Americans favor raising the Minimum Wage from $7.25 to $9 an hour, as the president proposed in his State of the Union address last week. “Most voters don’t think the minimum wage is enough to live on, and support President Obama’s proposal to raise it from … Continue reading
Germany / Toward a Minimum Wage ?
Opposition parties in Germany are preparing to introduce a draft law on a minimum wage to the Bundesrat upper house on March 1, a newspaper reported on Thursday, raising the pressure on Chancellor Angela Merkel on the issue. Germany is one of only a few countries in Europe with no mandatory, across-the-board minimum wage and … Continue reading
US / Minimum Wage / Would be $16.50 an hour — $33,000 a year — if it had kept up with the growth of productivity since 1968
You may have seen charts like the one to the right from the Economic Policy Institute, showing how working people’s wages stopped going up along with productivity gains. This means the gains went…somewhere else. See if you can guess who got them? (Hint: it’s the 1 percent; this is one driver of the terrible income and … Continue reading
Canada / High-skilled jobs in Canada have experienced a notable increase in relative share says TD
The issue of job-market “polarization” has captured significant attention in the U.S. and other ad- vanced economies in recent years. This longer-term trend has been characterized by the relative decline of medium-skilled, medium-paid jobs against a backdrop of growing opportunities for both highly-skilled, highly-paid and low-skilled, low-paid employment. Indeed, a 2011 report by TD Economics … Continue reading
Chicago / Steep decline in R&D spending costs job
The Chicago region has experienced a steep decline in private research and development spending over the last decade, according to a report released Tuesday by the Chicago Metropolitan Agency for Planning. In reducing R&D spending and jobs from firms that focus on innovation, the region has lost ground to San Diego, Boston, Silicon Valley and … Continue reading
US / Hiring / The Big Banks Are The Most Active Right Now
Though unemployment rates are slowly improving, plenty of recession-weary businesses remain hesitant to expand their payrolls. But as tough as times still are for job seekers and employers alike, signs of recovery keep popping up in the financial services industry—particularly at the big banks. Some of America’s largest banks are looking to fill hundreds of … Continue reading
Wage gaps / Destroy employee morale and productivity
Research has long cited the ongoing gap that exists between the wages of men and women, and those of immigrants and native Canadians. The context for the debate tends to revolve around the valid and omnipresent issue of discrimination, but rarely is the economic impact of the wage gap emphasized — a significant oversight given … Continue reading
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