Michel Cournoyer

Michel Cournoyer has written 6796 posts for Job Market Monitor

Youth in US – Uncertainty about job outcomes is a barrier to enrollment in postsecondary education FED finds

In 2013, the Federal Reserve Board’s Division of Consumer and Community Affairs began exploring the experiences and expectations of young Americans entering the labor market. Staff reviewed existing research and engaged external research and policy experts to identify the potential economic implications of these labor market trends on young workers. This initial exploration raised several … Continue reading

Private Employer-Based Health Insurance in US – Paying more but getting less protective benefits

Looking at trends in private employer-based health insurance from 2003 to 2013, this issue brief finds that premiums for family coverage increased 73 percent over the past decade—faster than median family income. Employees’ contributions to their premiums climbed by 93 percent over that time frame. At the same time, deductibles more than doubled in both … Continue reading

Social Security in US – 71 percent of the 59 million current recipients are retired workers

Social Security is the federal government’s largest single program. Of the 59 million people who currently receive Social Security benefits, about 71 percent are retired workers or their spouses and children, and another 10 percent are survivors of deceased workers; all of those beneficiaries receive payments through Old-Age and Survivors Insurance (OASI). The other 19 … Continue reading

LinkedIn’s list of the ‘hottest skills of 2014′ – Data mining on top

“Statistical analysis and data mining” topped LinkedIn’s list of the 25 Hottest Skills That Got People Hired in 2014. Chosen excerpts by Job Market Monitor. Read the whole story at Data mining tops LinkedIn’s list of the ‘hottest skills of 2014′.

Finland – Unemployment rose sharply among highly-educated

Unemployment rose sharply among highly-educated people in Finland last year, according to figures released by the central statistics office on Tuesday.  Joblessness among those with tertiary-level degrees climbed by some 30 percent between 2012 and 2013, says Statistics Finland. While more people in Finland overall were looking for work, this group expanded the most quickly. … Continue reading

Halliburton – To cut 1,000 jobs

One of the largest oil service companies in the world scaled-back its workforce recently as prices remain stymied. Halliburton Co. announced it would cut 1,000 jobs amid falling oil prices. The layoffs will take place in Europe, Asia, Africa, the Middle East and Australia. No jobs in the Americas would be affected by the cuts. … Continue reading

Universal Jobmatch in UK – British job seekers will get be the first to see tens of thousands of job vacancies

British job seekers will get be the first to see tens of thousands of job vacancies after ministers demanded an end to blanket adverting across the EU. Under Brussels rules any jobs that the Government posted through its official Universal Jobmatch website also had to be placed on an EU website used by migrants across … Continue reading

What About Low Fertility in US ? Six Fertility Lessons

First, a fertility rate of 1.9 is nothing to worry about. It is still high by international standards and likely to tick back up as the economy recovers. Second, young people cannot be “bribed” into having children through lower taxes or large baby bonuses. (Organizing work and school schedules to suit modern family life is … Continue reading

Self-blame and non-supporting job-seeker support groups are keeping from getting jobs

“The long-term unemployment rate is going down much more slowly than the overall unemployment rate,” notes Sharone, an assistant professor of work and employment relations at MIT’s Sloan School of Management. “And it doesn’t include the 6 million or so ‘missing workers’ — people we’d expect to be in the workforce, but who are not.” … Continue reading

Job Vacancies in Canada – Private sector vacancy rate is beginning to creep upward CFIB finds

After basically holding steady for the past two years, Canada’s private sector vacancy rate is beginning to creep upward. On a seasonally adjusted basis, 2.7 per cent of jobs lay vacant in these businesses—a tenth of a point higher than in the second quarter. Modest increases were seen in most business size categories. In total, … Continue reading

UK – Employment rates much higher with at least one qualification compared with no qualifications

Fewer than half (48.5%) of those with no qualifications were in employment compared with around 8 in 10 (80.7%) of those with at least one qualification. Those with no qualifications were most likely to work in ‘elementary’ (28.0%) and ‘machine operatives’ (18.1%) occupations. In general, as the level of qualification increased, so did the employment … Continue reading

The Great recession and the Families in US – The most dramatic impact was on birth rates

The most dramatic impact was on birth rates, which dropped precipitously, especially for young women, as a result of the economic crisis. How do we know? First, the timing of the fertility decline is very suggestive. After increasing steadily from the beginning of 2002 until late 2007, birth rates dropped sharply. (The decline has since … Continue reading

Men Who Don’t Work in US – A Chart

Chosen excerpts by Job Market Monitor. Read the whole story at The Rise of Men Who Don’t Work (and What They Do Instead) | The Big Picture. Related Posts Not Working in US – From the highest employment rates among developed nations to the bottom of the list POSTED BY MICHEL COURNOYER ⋅ DECEMBER 16, 2014 ⋅ LEAVE A COMMENT Working, … Continue reading

Minimum Wages In Europe – Range from EUR 174 to EUR 1 921 per month

Minimum wages in the EU Member States ranged from EUR 174 to EUR 1 921 per month in July 2014 In 2014, 21 out of the 28 EU Member States (Denmark, Germany, Italy, Cyprus, Austria, Finland and Sweden were the exceptions) had a national minimum wage (see Map 1). As of 1 July 2014, monthly minimum wages varied widely, … Continue reading

Low Income among Immigrants in Canada – Declined significantly in the 2000s, but not relative to Canadian-born

During the 1980s and 1990s, immigration was associated with the rise in low-income rates and family-income inequality in Canada. Over the 2000s, there were significant changes in the labour market and in immigrant selection. This paper focuses on the direct effect of immigration on the change in low income and family-income inequality over the 1995-to-2010 … Continue reading

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