Job Market Monitor
Michel Cournoyer
Wages in US – Why pay has lagged behind
With the nationwide unemployment rate at 4.1 percent, the lowest since 2000, economists have been surprised by the slow growth in workers’ paychecks. Historically, when that few people are unemployed, companies have had to pay more to attract workers — simple supply and demand. But maybe competition for workers isn’t quite as intense as the … Continue reading
Job Report in US, January 2018 – Employment increased by 200,000, unemployment rate was unchanged and hourly earnings up by 2.9 percent
Total nonfarm payroll employment increased by 200,000 in January, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing. Household Survey Data In January, the unemployment rate was 4.1 percent for the … Continue reading
Retiring Early and Living Longer – Men responding to the early retirement offer were 2.6 percentage points less likely to die over the next five years
You may not need another reason to retire early, but I’ll give you one anyway: It could lengthen your life. That’s the thrust from various research in recent years, and also from a 2017 study in the journal Health Economics. In that study, Hans Bloemen, Stefan Hochguertel and Jochem Zweerink — all economists from the … Continue reading
Temporary Foreign Workers in Canada – The tendency to stay longer has increased among more recent arrivals
Temporary foreign workers (TFWs) have been playing a growing role in Canada’s labour force and immigration system. The length and type of stay of TFWs in Canada have strong implications for the country’s immigration and labour policies. This study assesses the distribution of temporary workers among possible post-arrival residential trajectories to determine which TFWs are … Continue reading
Jobs and Regional Demographics in Canada – A 5.0% decline in regional labour demand reduces the regional population aged 15 to 64 by 4.5% to 6.0%
This article in the Economic Insights series assesses the degree to which changes in labour demand affect the working-age population and the regional demographic dependency ratio, based on a range of administrative data and Statistics Canada’s population estimates. The results suggest that over periods of seven years, a 5.0% decline in regional labour demand reduces … Continue reading
The Future of Work – In one chart
You’ve seen the headlines: “Robots Will Destroy Our Jobs—and We’re Not Ready for It.” “You Will Lose Your Job to a Robot—and Sooner Than You Think.” “Robots May Steal as Many as 800 Million Jobs in the Next 13 Years.” Such stories are tempting to take at face value. Who wouldn’t want to know if their … Continue reading
Future of Work in Canada – Which provinces are ready?
Some provinces, with more economic diversification or a concentration of workers in areas that are not very susceptible to automation, appear to be better situated for technological change than others, according to a new report from the C.D. Howe Institute. In “Risk and Readiness: The Impact of Automation on Provincial Labour Markets,” author Rosalie Wyonch … Continue reading
STEM Workforce in US – Has grown 79% since 1990
Employment in science, technology, engineering and math (STEM) occupations has grown 79% since 1990, from 9.7 million to 17.3 million, outpacing overall U.S. job growth. There’s no single standard for which jobs count as STEM, and this may contribute to a number of misperceptions about who works in STEM and the difference that having a … Continue reading
Universal Basic Income in Finland – It’s unrealistic to think that basic income will be implemented in this country says the pilot’s director
In the winter of 2015, the government, which is dominated by the right-leaning Centre Party, announced a formal study, run by Kela, to see if basic income was viable. The public adored the idea. In national polls, almost 70 percent of Finns supported it. Asked what level of income would be sufficient, on average they … Continue reading
Postes Vacants au Québec, QIII 2017 – 87 000 postes vacants, en hausse de 30,6 % en un an
Les employeurs du Québec ont déclaré 87 000 postes vacants au troisième trimestre, en hausse de 21 000 (+30,6 %) comparativement au même trimestre un an plus tôt. Parallèlement, le taux de postes vacants a augmenté de 0,6 point de pourcentage pour s’établir à 2,5 %. Il s’agit de la hausse la plus importante d’une année à l’autre ayant été observée dans cette province depuis que … Continue reading
Job Vacancies in Canada, QIII 2017 – 468,000, up 15.1% (62,000) in one year
Canadian businesses reported 468,000 job vacancies in the third quarter, up 62,000 (+15.1%) from the third quarter of 2016. The overall job vacancy rate increased 0.3 percentage points to 2.9% in the quarter. The job vacancy rate represents the number of job vacancies expressed as a percentage of labour demand; that is, the sum of all occupied and vacant jobs. Vacancies for permanent … Continue reading
Women in STEM in US – More likely to say they have experienced discrimination in the workplace
For women working in science, technology, engineering or math (STEM) jobs, the workplace is a different, sometimes more hostile environment than the one their male coworkers experience. Discrimination and sexual harassment are seen as more frequent, and gender is perceived as more of an impediment than an advantage to career success. Three groups of women … Continue reading
African American STEM Workers in US – Six-in-ten have faced discrimination on the job
Blacks who work in science, technology, engineering and math fields are more likely than STEM workers from other racial or ethnic backgrounds to say they have faced discrimination on the job. They also stand out in their views about workplace diversity, according to a new Pew Research Center report. Roughly six-in-ten black STEM workers (62%) … Continue reading
Job Report in Europe, November 2017 – Unemployment at 8.7% with 3.698 million young persons unemployed
The euro area (EA19) seasonally-adjusted unemployment rate was 8.7% in November 2017, down from 8.8% in October 2017 and from 9.8% in November 2016. This is the lowest rate recorded in the euro area since January 2009. The EU28 unemployment rate was 7.3% in November 2017, down from 7.4% in October 2017 and from 8.3% … Continue reading
Job Report in US, December 2017 – Employment increased by 148,000 and unemployment rate was 4.1 percent for the third consecutive month
Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care, construction, and manufacturing. Household Survey Data In December, the unemployment rate was 4.1 percent for the third consecutive month. The number of unemployed … Continue reading
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