Michel Cournoyer

Michel Cournoyer has written 6408 posts for Job Market Monitor

The world’s 300 largest pension funds – Total assets grew by over 6% in 2013

Total assets of the world’s largest 300 pension funds grew by over 6% in 2013 (compared to around 10% in 2012) to reach a new high of almost US$15 trillion (up from US$14 trillion in 2012). The P&I / Towers Watson global 300 research is conducted in conjunction with Pensions & Investments, a leading US … Continue reading

Job Search in US – It has changed in the aftermath of the Great Recession

The proportion of unemployed individuals who spent some time on an average day searching for a job increased from 20 percent to 24 percent after the recession. However, and perhaps surprisingly, among those unemployed who did search, the average time spent on job search looked very similar in the five years on either side of … Continue reading

US – Disentangling poverty and unemployment

Historically, the poverty rate has moved with the unemployment rate. Since 1970, in fact, the official poverty rate has spiked during each recession. Intuitively, this makes sense—if you lose your job, then you lose access to a steady stream of income. When you find a new job—as people are wont to do in the recovery … Continue reading

Greece – Alpha Bank to cut 15 percent of jobs

Alpha Bank, Greece’s fourth biggest lender, opened a voluntary redundancy offer on Monday with a view to cutting 15 percent of its workforce to cut costs under a restructuring plan approved by the EU Commission, an official at the bank said on Monday.  All four of Greece’s top banks have been restructuring but Alpha’s bigger … Continue reading

South Korea – Unemployment up at 3.5 per cent in August

South Korea’s unemployment rate inched up in August as agriculture and banking sectors continued shedding jobs, government data showed on Friday (Sep 12). The seasonally adjusted jobless rate rose to 3.5 per cent, up from the previous month’s 3.4 per cent, Statistics Korea said. via S Korea unemployment inches up in August – Channel NewsAsia.

Displaced Workers in US – From January 2011 through December 2013, 4.3 million workers were displaced from jobs

From January 2011 through December 2013, 4.3 million workers were displaced from jobs they had held for at least 3 years, the U.S. Bureau of Labor Statistics… This was down from 6.1 million workers for the prior survey period covering January 2009 to December 2011. In January 2014, 61 percent of workers displaced from 2011 … Continue reading

Canada – Labour productivity rose 1.8% in Q2

Labour productivity of Canadian businesses rose 1.8% in the second quarter, after edging down 0.1% in the first quarter… In the United States, labour productivity of American businesses rose 0.6% in the second quarter, following a 1.3% decline in the first quarter. For Canadian businesses, labour costs per unit of production increased 0.3% in the second quarter, one-third of the … Continue reading

Canada – The cost of running the Canada Pension Plan has more than tripled research finds

The cost of running the Canada Pension Plan has more than tripled, the result of transaction fees and external management fees, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. The study, Accounting for the True Cost of the Canada Pension Plan, spotlights the costs of administering … Continue reading

Boomers vs Youth on the Worplace – No crowding out but, tension at the individual level

In a series of recent client notes, consulting firm Mercer urges companies to recognize the tension between young and old at work, and to plan for baby boom workers to hang on to their jobs. “For those who choose to retire, many are going to realize … they don’t have enough money to sustain themselves, … Continue reading

Youth Transitions in Europe – Those countries with quicker and more successful school-to-work transitions are those where young people leave home earlier says report

Young people in Europe continue to experience great difficulties in entering the labour market. Although the youth unemployment rate in a few Member States has started to fall, overall 23% of young European job-seekers aged 15–24 could not find a job in January 2014. In 2012, 14.6 million young people across Europe were not in … Continue reading

US – Between 1979 and 2013, productivity grew 64.9 percent while hourly compensation of production and nonsupervisory workers grew just 8.0 percent.

The poor performance of American workers’ wages in recent decades—particularly their failure to grow at anywhere near the pace of overall productivity—is the country’s central economic challenge. Indeed, it’s hard to think of a more important economic development in recent decades. It is at the root of the large rise in overall income inequality that … Continue reading

Credential Inflation – An increasing number of job seekers face being shut out of middle-skill, middle-class occupations by employers’ rising demand for a bachelor’s degree

An increasing number of job seekers face being shut out of middle-skill, middle-class occupations by employers’ rising demand for a bachelor’s degree. This credential inflation, or “upcredentialing” is affecting a wide range of jobs from executive assistants to construction supervisors and has serious implications both for workers not seeking a college degree and for employers … Continue reading

Employees – Less than half believe employers are open and upfront

More than half of us don’t believe our employers are open and upfront with us. This disturbing news comes to us from the American Psychological Association’s 2014 Work and Well-Being Survey, which finds nearly 1 in 4 workers don’t trust their employers, 1 in 3 reported their employers aren’t always honest or truthful, and less … Continue reading

Job Search – 6 Game-changing trends for you (Infographic)

The infographic below — compiled by CareerShift, a comprehensive job hunting and career management solution — shares six new trends impacting job seekers. It’s time to ante up and use these game-changing trends to help you score big on the job field. Chosen excerpts by Job Market Monitor. Read the whole story at 6 Job Search Trends … Continue reading

Job Interview – The basics

There are a few basics that every person who’s preparing for, or facing a job interview, should know… So, what are the types of questions the interviewer might ask? Here are a few examples. The common interview questions. There are probably 20 or 30 common questions typically asked in interviews. They’re easily found because most … Continue reading

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