Michel Cournoyer

Michel Cournoyer has written 5781 posts for Job Market Monitor

March Unemployment in Netherlands – Slight drop but the trend is still upwards

Unemployment fell by some 7,000 in March as more people withdrew permanently from the jobs market rather than found jobs, the national statistics office CBS said on Thursday.  In the longer term, the jobless trend is still upwards, with an average increase of 5,000 people joining the unemployment ranks a month. Women were hardest hit … Continue reading

How Long You’ll Be Unemployed – Look at the Unemployment Rate

A few factors do make a difference. Men are a bit more likely to become long-term unemployed than women; blacks are more likely than whites; and, most significantly, older workers are more likely than younger ones. That’s consistent with both anecdotal evidence and quantitative research suggesting that older workers have more trouble finding jobs, due … Continue reading

2 in 5 Employees Do Not Believe They Receive Fair Pay in US – More women (42%) than men (34%)

According to a new Glassdoor survey1 that dives deeper into income inequality and wage gap issues, two in five (39%) employees do not believe they receive fair pay in their current job. Further, more women (42%) than men (34%) do not believe they are being paid fairly. Who can best address the pay gap issue? … Continue reading

Losing Job in US – Would Quickly Lead to Hardship finds Gallup

Many working Americans would experience financial peril if they lost their current job, putting pressure on them to find a new job quickly. A substantial minority of U.S. workers say they could go just one week (14%) or one month (29%) before experiencing significant financial hardship if they lost their job. Gallup’s annual Economy and … Continue reading

After the Gold Medal to Canada – Temporary foreign workers needed to coach hockey teams

The federal government approved the hiring of hockey coaches through the temporary foreign worker program – an immigration stream meant only for jobs Canadians can’t fill.  In six cases since 2010, the government approved Labour Market Opinion (LMO) applications to bring in hockey coaches under the TFW program, documents obtained through the Access to Information … Continue reading

Inequality in US – the top 20% of earners accounted for more than 80% of the rise in household income from 2008-2012

A recent article by Labor Department senior economist Aaron Cobet highlights the sharp disparity between the wealthiest and poorest Americans in the aftermath of the 2007-2009 recession. “While average income has returned to pre-recession levels, income gains have been distributed unevenly,” Mr. Cobet said. The economist mined Labor Department data to show that the top 20% of earners … Continue reading

Jobless Claims in US – Lowest level since May 12, 2007

In the week ending April 5, the advance figure for seasonally adjusted initial claims was 300,000, a decrease of 32,000 from the previous week’s revised level. The last time intial claims were this low was May 12, 2007 when they were 297,000. The previous week’s level was revised up by 6,000 from 326,000 to 332,000. … Continue reading

Unemployment and the risk of falling into a substance abuse problem

The stress, fear, depression and overabundance of free time that occurs from being unemployed has been known to increase a person’s risk of falling into a substance abuse problem. This video shows just how much unemployment and drugs are intertwined. We broke the numbers down by age groups, employment status, ethnicity, and by year from … Continue reading

US – Looking beyond the Unemployment rate

Looking for an alternative to the Unemployment rate ? Try the employment:population ratio.  One alternative is to ignore the question of who is actively looking for work and focus, instead, on who is working. Specifically, check to see how many people there are in our state and then find out how many of them have … Continue reading

Majority of workers feel they are overweight finds CareerBuilder

More than half of workers (55 percent) categorize themselves as overweight, on par with last year. Thirty-nine percent say they’ve gained weight at their current job, with 21 percent putting on more than 10 pounds and 9 percent putting on more than 20 pounds. Sixteen percent report they have actually lost weight at their job, … Continue reading

US – What happened to the middle class? (Infographic)

The increased wealth of highly skilled workers, the insane wealth of those with capital, and the outsourcing of lower skilled jobs have left us all asking, “what happened to the middle class?” Source: BestMSWPrograms.com   Related articles The decline of middle-class workers / Job polarisation and wages Skills Gap – Middle-skill Workers – New England: … Continue reading

Sweden – New immigrants are catching up says report

This report assesses how new immigrants to Sweden fare in the country’s labor market. The report is part of a series of six case studies on labor market outcomes among immigrants to European Union countries. The report shows that employment rates during newcomers’ initial years in Sweden are relatively depressed for low-educated refugees and migrants … Continue reading

UK – Unemployment rate at a five-year low

“Latest estimates for December 2013 to February 2014 show that employment continued to increase, unemployment continued to fall, as did the number of economically inactive people aged from 16 to 64. These changes continue the general direction of movement over the past two years.” says the official press release. Indeed, the unemployment rate was at a … Continue reading

Yellen – Job gap means rates stay low

“The larger the shortfall of employment or inflation from their respective objectives, and the slower the projected progress toward those objectives, the longer the current target range for the federal funds rate is likely to be maintained,” Yellen said today to the Economic Club of New York.  The gap, in both cases, is large, with … Continue reading

Long-Term unemployed – A sharp drop-off in the number of interview requests for those whose nonemployment spell topped six months finds research

Three recent audit studies on nonemployment discrimination report results consistent with the long-term jobless having significantly lower chances of being invited to job interviews. Given the design of previous studies unfavorable treatment can be due to a marginal preference among employers for hiring applicants with shorter spells or to stronger negative beliefs about the long-term … Continue reading

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