Michel Cournoyer

Michel Cournoyer has written 6892 posts for Job Market Monitor

The Aging Global Workforce – The productivity challenge could be do-able McKinsey finds

The world is aging, and that matters for growth. In the past, an abundant and growing labor pool was a powerful engine of the world economy; today, the number of workers is starting to decline in many countries. This leaves no alternative but for companies, individuals, and governments to work in smarter ways. In an … Continue reading

Inequalities in US – All 50 states have experienced widening income inequality in recent decades EPI finds

Economic inequality is, at long last, commanding attention from policymakers, the media, and everyday citizens. There is growing recognition that we need an inclusive economy that works for everyone—not just for those at the top. While there are plentiful data examining the fortunes of the top 1 percent at the national level, this report uses … Continue reading

US – Government workers are less likely to be displaced CATO finds

This paper examines the extent to which public-sector employment has been relatively recessionproof in the past, whether previous patterns with respect to job displacement held during the Great Recession, and whether the experiences of federal, state, and local government workers have been similar…   We use a sample of over 800,000 workers taken from the … Continue reading

US – Workers were less secure about retaining their jobs in 2010 and 2012 than in 1977 and 1978 BLS finds

Workers were less secure about retaining their jobs in 2010 and 2012 than in 1977 and 1978; they also were less secure about the ease with which they would find a comparable job if they were separated. As might be expected, the two measures of job security track unemployment, although other factors certainly play a … Continue reading

Unemployment in Germany in January 2015 – At Record Low

Germany’s unemployment rate declined to a record low at the start of the year, reflecting an improvement in the labor market after the euro area’s biggest economy expanded the most in three years during 2014. The jobless rate dropped to a seasonally adjusted 6.5 percent in January from a revised 6.6 percent in December, the … Continue reading

Tesco – UK’s biggest retailer to cut thousands jobs

Tesco has begun a cull of head office staff that is expected to involve thousands of job losses as its new chief executive slashes costs and strives to reinvigorate the UK’s biggest retailer.  Sky News has learned that the company has in recent days begun informing senior staff of changes to the structure of its … Continue reading

Sears and Target Employees Losing Their Jobs in Canada – A discount and the promise of local job fairs

Sears Canada has followed through on a promise to begin meeting with some of the workers who are losing their jobs at Target Canada. Chief executive Ronald Boire says about 140 Target employees were bused to its Sears headquarters in Toronto last week, part of a nationwide effort to network with potential candidates. “We felt … Continue reading

Oil Prices – Dampening the recruitment activity but hiring has not stopped

The recent decline in oil prices has led to a “softening” of recruitment in the region’s oil and gas sector, but there are still employment opportunities available in the UAE for those seeking new positions, experts told Gulf News.  Overall, demand for new employees is still on the rise in the UAE, with nine out … Continue reading

Canada – Revisions show bigger job losses in December

Statistics Canada on Wednesday revised its December employment data to show a bigger loss of 11,300 jobs from a previously reported decline of 4,300, with a gain in full-time positions cut to 35,000 from 53,500.  Part-time job losses improved to 46,300 from a loss of 57,700 that was previously reported Jan. 9. The national unemployment … Continue reading

Canada’s Labour Force Survey (LFS) – The 2015 revisions

The Labour Force Survey (LFS) provides estimates of employment and unemployment, which are among the most timely and important measures of performance of the Canadian economy. With the release of the survey results only 10 days after the completion of data collection, the LFS estimates are the first of the major monthly economic data series to be … Continue reading

Lowe’s Canada – To Hire 2,000 seasonal employees

Lowe’s Canada announced today it plans to hire approximately 2,000 seasonal employees at its stores across Canada to support its spring and summer seasons. The company will also host its first ever National Hiring Day on Saturday March 7th from 9 a.m. to 4 p.m. (local time in each city) at all 37 Lowe’s locations … Continue reading

Immigrant Women’s Labour Market Activity in Canada – The enduring influence of source-country gender-role attitudes

Previous studies have found a strong association between source-country female labour force participation rates and immigrant women’s labour force participation in the host country. This relationship is interpreted as the enduring influence of source-country gender-role attitudes on immigrant women’s labour market activity. However, the assumption that source-country female labour force participation levels closely capture cultural … Continue reading

The Euro in Southern Europe – Human sacrifice to save the political project Nigel Farage says

One thing I know for certain is that this year the EU elite will go on forcing the peoples of  southern Europe to suffer in the name of the euro. No matter how much the Greeks, Italians, Portuguese, Spanish and French suffer, the elite in Brussels, Frankfurt and Berlin will go on telling them that … Continue reading

Sony Mobile – To cut 1,000 jobs

Sony Corp plans to cut another 1,000 jobs in its smartphone division, mainly in Europe and China, the Nikkei business daily reported.  The cuts are in addition to the 1,000 jobs Sony said it would eliminate in its mobile unit in October, the Nikkei said. Overall, Sony’s mobile division workforce will shrink by about 30 … Continue reading

Automotive Jobs in Canada – Since 2001, more than 53,000 jobs have been lost

The automotive industry’s contributions to the Canadian economy have declined significantly compared to the years between the late 1990s and mid-2000s when automotive manufacturing accounted for eleven per cent of total manufacturing GDP (Sweeney, 2013). While employment in the automotive industry has decreased since 2000, and production capacity in several segments has declined, the industry … Continue reading

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