Michel Cournoyer

Michel Cournoyer has written 6493 posts for Job Market Monitor

Times Higher Education World University Rankings 2014-2015 is out!

Evidence is emerging of a decline in the power of US universities in the Times Higher Education World University Rankings 2014-2015, despite the California Institute of Technology’s claim on the top spot for the fourth consecutive year. The West Coast institution heads a top 10 for 2014-15 that still consists almost entirely of US-based universities, … Continue reading

Hours of Work in US – 32% Work 45 or more hours compared with 18% in Germany, and 4% in France

American employees put in longer workweeks than Europeans. They are also more likely to work at undesirable times, such as nights and weekends. This column argues that the phenomena of long hours and strange hours are related. One possibility for this is cultural – Americans simply enjoy working at strange times. Another, more probable explanation, … Continue reading

ADP Job Report in US – Private sector employment increased by 213,000 jobs from August to September

Private sector employment increased by 213,000 jobs from August to September according to the September ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, … Continue reading

Universities in Denmark – Cutting thousands of positions within faculties that don’t lead to work

Denmark is addressing youth unemployment by revolutionising the university system. It is cuttingthousands of positions within faculties that don’t lead to work, starting from humanities and social science courses, which will be first in line for the chop. There are currently 15,000 Danish students enrolled on courses with poor employment prospects. The government wants to … Continue reading

US – Unemployment threatens family stability studies find

Two new studies illustrate how long-term unemployment hurts not only workers, but their families, reports Eric Pianin at the Fiscal Times. A report from the John J. Heldrich Center for Workforce Development chronicles how the long-term unemployed (those out of work for more than six months) have struggled during the recovery. One in every three … Continue reading

Europe – Try the improved European Unemployment Insurance scheme simulator

Following on from our previous blog post on this topic, we invite you to try out our improved European Unemployment Insurance (EUI) scheme simulator which now includes a line graph to chart the evolution of the net flows from the scheme and its situation, as well as a heat map of all European countries. Chosen … Continue reading

Unemployment in Germany – Steady at 6.7 percent in September

German joblessness increased unexpectedly in September but the jobless rate remained low and a surge in August retail sales offered hope that private consumption can help prop up Europe’s largest economy in the third quarter.  The number of people out of work rose by 13,000 to 2.918 million – its highest level since January – … Continue reading

UK – Employers of migrant workers are doing this to support business growth finds CIPD

The most recent figures from the ONS show that net migration into the UK increased by more than 38% to 243,000 in 2013–14 (ONS, August 2014). EU citizens – including an increased number from Romania and Bulgaria – accounted for two-thirds of the growth from the previous figure of 175,000. Opponents of migrant workers argue … Continue reading

US – Long-Term unemployment does not harden into structural unemployment finds the Economic Policy Institute (EPI)

This paper finds that regardless of duration, involuntary job loss leads to significant and long-lasting economic damage to individuals and their families. Specific findings on microeconomic scarring include: Excess unemployment during the Great Recession will likely lead to long-run wage losses just for displaced high-tenure workers (those who had the same job for more than … Continue reading

Ph.D. – What students should know about the job market

Below I have outlined a few things I wish I had been told at the beginning of this journey. 1. Know how bad the job market sucks and why. 2. Find out what can get you one of those precious few jobs. 3. Prepare for the academic path to blow up in your face. Chosen … Continue reading

US – The decline in the share of middle-skill jobs has largely been driven by technological advancements and outsourcing of jobs overseas

The labor market is extremely complex and it’s constantly evolving. There are two big themes we’ve seen in recent decades: 1) companies have increasingly outsourced tasks overseas and 2) companies have increasingly automated functions. These themes have been devastating for those at the middle-skill level. Wells Fargo Securities’ Eugenio Aleman and Anika Khan recently published … Continue reading

US – We should focus on the problems of real people says a Fed economist (on leave)

The U.S. job market remains far from full health despite recent progress, and requires active efforts by policy makers to help it heal, a Federal Reserve economist said Wednesday.Andrew Levin, currently on leave from the central bank while working at the International Monetary Fund, played down the idea that much of the weakness in the … Continue reading

For an European unemployment insurance – A Commission Report

The best idea for an EMU-level automatic fiscal stabiliser is in my view a scheme where fiscal stimulus is provided to countries of the monetary union based on developments in their short-term unemployment. Unemployment is an indicator whose big advantages are that it very closely follows developments in the economic cycle, it is easily understandable, … Continue reading

Saab – Restart will ‘take time’

For a fleeting moment a few weeks ago, the news from Saab-owner National Electric Vehicle Swedenappeared almost positive. The company had its reorganization plan approved (a day after it was denied), and the automaker was actually showing a real, running vehicle, albeit one with a top speed of 75 miles per hour. But those tiny … Continue reading

Working on Wall Street – The occupational hazards

All occupations have hazards. An occupational hazard of the Internet columnist, for instance, is that he becomes the sort of person who says whatever he thinks will get him the most attention rather than what he thinks is true, so often that he forgets the difference. The occupational hazards of Wall Street are more interesting … Continue reading

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