Michel Cournoyer

Michel Cournoyer has written 7044 posts for Job Market Monitor

Express Entry in Canada – A downward trend in qualifying scores

Citizenship and Immigration Canada has completed another round of draws from the new Express Entry pool.  The draw, completed on March 28, 2015 resulted in 1,637 Invitations to Apply (ITA) for Permanent Residence.  The lowest qualifying score was 453. Express Entry is Canada’s new immigration application management system. Candidates are awarded points meant to measure … Continue reading

Canada – The services industry fast-growing exports is good for the job market

Some of our fastest-growing exports are in the overlooked services sector. That’s good for Canada’s job market. As a small, open economy, we depend on trade with other countries for prosperity and the high standard of living for which Canada is known. Commodities and manufactured goods traditionally formed the foundation of our identity. Services are … Continue reading

Temporary Foreign Workers in Canada – Permits expire for those who have been in the country for more than four years

Thousands of temporary foreign workers could be heading to airports to leave Canada Wednesday as permits expire for those who have been in the country for more than four years. The Conservative government set April 1, 2015 as the deadline for temporary foreign workers in low-skilled jobs to either become permanent residents or leave the … Continue reading

US – Small businesses created 108,000 ADP Small Business Employment Report for March 2015 finds

Private sector small business employment increased by 108,000 jobs from February to March according to the March ADP Small Business Report. Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, … Continue reading

US – The effects of a package of policies that aim to alleviate poverty

During the Great Recession, the official poverty rate in the United States rose to its highest level in over 15 years. Reducing poverty continues to be a serious public policy concern. This report examines the effects of a package of policies that aim to alleviate poverty through increased work supports and other measures, and estimates … Continue reading

US – 10 Things every undocumented youth should know

If you do not have legal immigration status in the United States, you are at risk. Keep these points in mind: If approached by immigration authorities, do not sign any papers and do not talk to them unless you check with a lawyer first. Stay out of trouble with the law. In most, if not … Continue reading

US – Labor Market Slack Persisted Federal Reserve Bank of Atlanta writes

Shifting labor force participation clouded unemployment picture Although the labor force participation rate (LFPR) has trended down since early 2000 (when the LFPR was 67 percent), the recession exacerbated the decline (see the   Labor Force Participation Rate chart). At the end of 2014, roughly 62.7 percent of the working age population was either employed or … Continue reading

Canada – The Employment Insurance Operating Account

The Employment Insurance Operating Account was created on 1 January 2009. It is a consolidated specific purpose account, meaning that it includes program-related revenues credited and expenses charged to this account under the Employment Insurance Act.8 EI premiums are paid into the Consolidated Revenue Fund (CRF), which includes general government revenues such as taxes,9 and … Continue reading

Employability – Should skills be refreshed every five years

82% believe in refreshing skills & competencies every five years to enhance employability.   Chosen excerpts by Job Market Monitor. Read the whole story at Randstad Workmonitor 2015 wave 1 – March 2015

Future Shop – 1,500 employees hit with surprise layoffs

The future is cloudy for 1,500 full- and part-time Canadian retail employees who were hit with surprise layoffs this weekend in the Future Shop retail consolidation with Best Buy. Future Shop employees say they were as surprised as everyone else when the company shut its doors across the country on Saturday, ahead of a move … Continue reading

Declared Disabled in US – The problem might not be that the Ticket to Work program

The problem might not be that the Ticket to Work program is ineffective, but that it comes too late in each worker’s personal-injury saga. For the roughly two-year stretch between the day someone decides they want to join disability to the day they actually start collecting benefits, there’s no one encouraging them to work. In … Continue reading

Aging Workforce Germany – 500K immigrants are needed each year study finds

The euro zone’s number one economy will need an army of immigrants to keep its economy going, a Bertelsmann study showed on Friday. Europe’s powerhouse needs some 500,000 immigrants each year in order to stabilize its labor force and social welfare system until 2050, the newest study from think-tank Bertelsmann showed on Friday. The study … Continue reading

The Skills Gap in India

Of the five million graduates, only 34% are readily employable. Most lack necessary skills required for any role in any industry, according to an assessment tests done by Wheebox-People Strong in association with CII. Census data released in September 2013 indicated that 63.4% of India’s total population falls in the working age group. According to … Continue reading

European and US Banks – 59,000 jobs cut in 2014

A total of 59,000 jobs in top European and US banks were axed in 2014, bringing the total job  cuts to 160,000 across 24 banks in the past two years, authorities said. Chosen excerpts by Job Market Monitor. Read the whole story at  Banks in Europe, US Lay Off 59,000 Jobs in 2014 – BusinessNewsAsia.com.

US – Large cities remain more unequal by income than the nation overall

This report updates a 2014 analysis that looked at levels of income inequality in the 50 largest U.S. cities, and examines in particular trends between 2012 and 2013, the most recent data available from the U.S. Census Bureau. Like the earlier analysis, it focuses on incomes among households near the top of the distribution—those earning more … Continue reading

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