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For an European unemployment insurance – A Commission Report

The best idea for an EMU-level automatic fiscal stabiliser is in my view a scheme where fiscal stimulus is provided to countries of the monetary union based on developments in their short-term unemployment. Unemployment is an indicator whose big advantages are that it very closely follows developments in the economic cycle, it is easily understandable, … Continue reading

Annual estimates of employees in UK – London has shown the largest increase of all regions

This statistical bulletin focuses on the strengths of [Business Register and Employment Survey (BRES) 2013], giving employee estimates by region level and below and by broad industry group and below. There is also a section that focuses on London and a section that looks at public/private estimates of employees. 70% of all local authority districts … Continue reading

UK – Employment prospects for 2012/13 first degree graduates has dramatically improved

Employment prospects for 2012/13 first degree graduates dramatically improved compared to 2011/12 graduates. The proportion of graduates working in professional and managerial jobs in the UK had increased and the unemployment rate decreased from 8.5% to 7.3%. Read more about the outcomes of 2012/13 graduates from six subject areas covering 28 subjects. Find out more about how mature graduates do in … Continue reading

US – Immigrant population (legal and illegal) hit a record 41.3 million according to the Census Bureau

The Census Bureau recently released some of the data from the 2013 American Community Survey (ACS). The data show that the nation’s immigrant population (legal and illegal) grew by 1.4 million from July 2010 to July 2013. The data also imply that 3.3 million new immigrants settled in the country in that same period. These … Continue reading

Big changes are coming to the workplace Oxford Economics finds

Preparing for the 2020 workforce is critical to business strategy, growth, and performance. To understand the challenges and opportunities, Oxford Economics and SAP surveyed over 2,700 executives and more than 2,700 employees in 27 countries during the second quarter of 2014. Based on survey responses, this report shows that many companies lack the structure, strategy, … Continue reading

Canada – Age rather than gender becoming the new income divide finds the Conference Board

Canadians have become accustomed to tales of woe about the plight of young adults: rising tuition fees and crippling student debts; university graduates without jobs or unable to find anything more challenging than serving coffee; even those with good jobs and incomes stuck in their parents’ basements because of the high cost of housing. These … Continue reading

Wage Theft by Employers in US – At least $933 million in 2012 vs robberies ( including bank ) $341 million

Wage theft—employers’ failure to pay workers money they are legally entitled to—affects far more people than more well-known and feared forms of theft such as bank robberies, convenience store robberies, street and highway robberies, and gas station robberies. Employers steal billions of dollars from their employees each year by working them off the clock, by failing … Continue reading

The Skills Gap in US – The ‘not me’ syndrome: the Report

Sixty-one percent of Americans believe that today’s workforce is plagued by a skills gap, but do not see themselves as part of the problem, according to new data released today. The Udemy Skills Gap Index, an independent survey commissioned by Udemy, the leading global marketplace for learning and teaching online, and conducted by ResearchNow, surveyed 1,000 … Continue reading

Job Quality in Europe – Groups with multiple disadvantages

This report, based on data from the fifth European Working Conditions Survey (EWCS), aims at identifying occupations in Europe that have multiple disadvantages, thereby making it difficult for people to stay in these jobs. Occupations where job quality is consistently low are labelled ‘occupations with multiple disadvantages’. These occupations score relatively poorly on all four … Continue reading

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 – 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

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

Unemployment in OECD – 12.1 Million more than before the crisis and wages stagnate (video)

Unemployment will remain well above its pre-crisis levels next year in most OECD countries, despite modest declines over the rest of 2014 and in 2015, according to a new OECD report. The Employment Outlook 2014 says that average jobless rates will decrease slightly over the next 18 months in the OECD area, from 7.4% in mid-2014 … Continue reading

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