Job Market Monitor
Michel Cournoyer
Finance Jobs in NYC – JPMorgan is trying to fill them with a new career search tool
There are thousands of available finance jobs available in New York City, and JPMorgan is trying to fill them with a new career search tool. On Wednesday, the bank and the Council for Adult and Experiential Learning (CAEL) unveiled BankingOnMyCareer.com, to help New Yorkers find “middle-skilled” financial services jobs. Such jobs typically require a bit more training … Continue reading
Job Report in UK, March to May 2017 – The unemployment rate at 4.5%, the lowest since 1975
The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.5%, down from 4.9% for a year earlier and the lowest since 1975. Estimates from the Labour Force Survey show that, between December 2016 to February 2017 and March to May 2017, the number of people in work increased, … Continue reading
Le Déclassement en France – Moindre pour les jeunes d’origine sociale favorisée
Cet article interroge et confronte les notions de déclassement par rapport au diplôme (décalage défavorable entre niveau de diplôme et qualification de l’emploi) et mobilité sociale. Le déclassement qui sera privilégié ici concerne le lien direct entre niveau d’emploi et niveau de formation, compte tenu de l’expansion scolaire il aurait évolué vers un déclassement massif … Continue reading
Long-Term Unemployed – A signal of lower motivation leading to lower hiring chances
Recent evidence from large-scale field experiments has shown that employers use job candidates’ unemployment duration as a sorting criterion. In the present study, we investigate the mechanisms underlying this pattern. To this end, we conduct a lab experiment in which participants make hiring decisions concerning fictitious job candidates with diverging unemployment durations. In addition, these … Continue reading
France – Deux tiers des salariés souhaitent se former quel que soit le niveau de qualification
Quel que soit le niveau de qualification, les salariés sont nombreux à exprimer la volonté de se former dans les 5 années à venir. Par exemple, 72% des employés de commerce souhaitent se former, soit autant que les cadres (cf. Tableau 1). Dans l’ensemble, le souhait de se former est très lié à celui de … Continue reading
Job Report in US, June 2017 – Employment increased by 222,000 and unemployment little changed at 4.4 percent while labor force increased
Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, social assistance, financial activities, and mining. Household Survey Data In June, the unemployment rate, at 4.4 percent, and the number of unemployed persons, … Continue reading
Job Report in Canada, June 2017 – Employment rose by 45,000 in June, mostly in part-time work
Employment rose by 45,000 in June, mostly in part-time work. The unemployment rate was 6.5%, down 0.1 percentage points from the previous month. Compared with 12 months earlier, there were 351,000 (+1.9%) more people employed. Most of the growth was in full-time work (+248,000 or +1.7%), while part-time employment was also up (+103,000 or +3.0%). The total number of hours worked increased 1.4% over this period. In … Continue reading
Québec – Le taux de chômage demeure à son niveau record (6,0 %)
Au Québec, 28 000 personnes de plus étaient en emploi en juin, et le taux de chômage est demeuré à son plus bas, soit 6,0 %. L’emploi dans la province a nettement progressé par rapport à 12 mois plus tôt, augmentant de 122 000 (+3,0 %). Extraits choisis par le Moniteur de l’emploi . Lire la suite @ Le Quotidien — Enquête sur la population active, juin 2017
Grads in US – 51 Percent feel underemployed
Why do new college graduates end up so disillusioned, underemployed and undervalued after a couple years of work? The Accenture Strategy 2016 U.S. College Graduate Employment Study highlights the disparity between new graduate expectations and the reality of the working world, and examines how employers can improve the employee experience to attract and retain top … Continue reading
Grads in UK – A significant difference between their expectations and their experiences
For the second year in a row, the results of the Accenture Strategy UK University Graduate Employment Study highlight a significant difference between the expectations of new university graduates and the experiences of recent graduates. The class of 2016 is entering the workforce with confidence in how they have been prepared and great expectations for … Continue reading
Finland – Is the unemployment rate a good measure of labour market slack?
Observations that the official unemployment rate does not describe labour market slack sufficiently broadly have led to the development of broadened measures of unemployment. These types of measures are regularly used, at least in the United States and have also occasionally been explored by the ECB. Such measures seek to include, in addition to people … Continue reading
US – Americans have increasingly positive perceptions of the job market and what it offers
Americans have increasingly positive perceptions of the job market and what it offers. In 2012, an average of 19% of people said it was a good time to find a quality job. For the first three quarters of 2016, an average of 42% said the same. Among those in the labor force (employed, unemployed or … Continue reading
Temporary Immigration in Canada – A new Global Skills Strategy
The Canadian government recently launched its new Global Skills Strategy (Strategy) to promote global investment in Canada and facilitate faster entry into Canada for top international talent. Initially announced in November 2016, this Strategy was developed after collaboration between various ministries to give Canadian employers a faster and more predictable process to attract global talent … Continue reading
Direct Care Workers – The poor are taking care of the poor
A salary of $20,000 for a personal care aide or home health aide is typical, with 90 percent of workers making under $30,000. “A lot of people who look from the outside in think we’re just glorified babysitters, but we’re not,” Brittany Hampton, 31, said. She makes around $800 a month in Washington state near … Continue reading
Italy – 85,000 people applied for 30 jobs at a bank
Italy’s chronic unemployment problem has been thrown into sharp relief after 85,000 people applied for 30 jobs at a bank – nearly 3,000 candidates for each post. With youth unemployment nudging close to 40 per cent and the overall level at 11 per cent, steady jobs are in great demand. But even the managers at … Continue reading
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