Job Market Monitor
Michel Cournoyer
Social Protection – Developing countries should invest US$1.2 trillion to guarantee basic social protection
To guarantee at least basic income security and access to essential health care for all in 2020 alone, developing countries should invest approximately US$1.2 trillion – on average 3.8 per cent of their GDP – says a new ILO policy brief. Since the onset of the COVID-19 pandemic the social protection financing gap has increased … Continue reading
Inflation in Europe (August 2020) – Annual inflation down to -0.2% in the euro area
In August 2020, a month in which COVID-19 containment measures continued to be lifted, the euro area annual inflation rate was -0.2%, down from 0.4% in July. A year earlier, the rate was 1.0%. European Union annual inflation was 0.4% in August 2020, down from 0.9% in July. A year earlier, the rate was 1.4%. … Continue reading
UI Weekly Claims in US (Week ending September 12) – 860,000, a decrease of 33,000 from the previous week’s revised level
SEASONALLY ADJUSTED DATA In the week ending September 12, the advance figure for seasonally adjusted initial claims was 860,000, a decrease of 33,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 884,000 to 893,000. The 4-week moving average was 912,000, a decrease of 61,000 from the previous … Continue reading
Skills and the Future of Work – Forecasts of extremely rapid change are not based on empirical record
In this paper, existing evidence on levels of job skill requirements is examined to provide an understanding of historical trends and current levels. It also provides a frame of reference for evaluating predictions regarding future changes in job skill requirements. High levels of inequality accompanied by changes in technology, employment relations, and the global division … Continue reading
Covid and Immigration in Australia – How have previous recessions affected migration
This short paper outlines the key issues for migration policy in the context of Australia’s labour market including: • The labour market outcomes of migrants, including the occupations in which temporary migrants and Australian workers are engaged; • Historical evidence of the positive impacts that migrants have had on the Australian economy, citing CEDA studies … Continue reading
Skills in Australia – Over 1400 qualifications and almost 17,000 units of competency on offer
The number of qualifications and competencies The present array of over 1400 qualifications and almost 17,000 units of competency on offer has been described as bewildering by the Productivity Commission. It is important to recognise, however, that these key features of the design and content of the train- ing system are in fact very much … Continue reading
From CERB to EI – Could leave millions worse off with 482,000 who won’t transfer to anything else
More than 4 million Canadians will be affected when the Canadian Emergency Response Benefit (CERB) winds down on September 27. 2.1 million CERB recipients will be eligible for CERB’s replacement, Canada’s revamped Employment Insurance (EI)—but 781,000 of them won’t be automatically ported to EI. They will have to manually apply and hope for success. Almost … Continue reading
Covid and Job Vacancy in Europe – 1.6%, down from 1.9% in the previous quarter
In the second quarter of 2020, the quarter when COVID-19 containment measures have been widely implemented by Member States, the job vacancy rate in the euro area and in the European Union (EU) was 1.6%, down from 1.9% in the previous quarter and from 2.3% in the second quarter of 2019, according to figures published … Continue reading
Covid in US – 52% of young adults are now living with their parents
The share of 18- to 29-year-olds living with their parents has become a majority since U.S. coronavirus cases began spreading early this year. The coronavirus outbreak has pushed millions of Americans, especially young adults, to move in with family members. The share of 18- to 29-year-olds living with their parents has become a majority since … Continue reading
Remote Work and Productivity – Majority maintain or improve it says a survey of 12,000 employees
To assess employee sentiment on these changes, from the end of May through mid-June we surveyed more than 12,000 professionals employed before and during COVID-19 in the US, Germany, and India. The respondents work in roles such as analysts, engineers, HR personnel, teachers, and health care providers (but generally not in jobs performed onsite such … Continue reading
Covid et l’Assurance-Emploi au Canada – Un taux de cotisation d’au moins 1,93$ après le gel
Aujourd’hui, la Commission de l’assurance-emploi du Canada (CAEC) a établi le taux de cotisation d’assurance‑emploi pour 2021 à 1,58 $ pour chaque tranche de 100 $ de gains assurables pour les employés, et à 2,21 $ pour les employeurs, qui paient 1,4 fois le taux des employés. Cela demeure inchangé par rapport au taux de … Continue reading
Hourly Labour Costs in Europe – Rose by 4.2% when the COVID-19 containment measures were widely in force
In the second quarter of 2020, the quarter when the COVID-19 containment measures were widely in force in the European Union, the hourly labour costs rose by 4.2% in the euro area and by 4.1% in the European Union (EU), compared with the same quarter of the previous year. In the first quarter of 2020, … Continue reading
Job Report in US (August 2020) – Employment rose by 1.4 million and unemployment fell to 8.4 percent
Total nonfarm payroll employment rose by 1.4 million in August, and the unemployment rate fell to 8.4 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In August, an increase … Continue reading
L’emploi au Québec (Août 2020) – 54 000 de plus et à 95,7 % de son niveau observé avant la COVID-19
Au Québec, l’emploi a augmenté de 54 000 (+1,3 %) en août. Cette hausse fait suite aux augmentations de 576 000 enregistrées au cours des trois mois précédents, et a ramené l’emploi dans la province à 95,7 % de son niveau observé avant la COVID-19. La croissance de l’emploi enregistré en août est entièrement attribuable au travail à temps plein, et le taux de … Continue reading
Skills in Australia – For a business-led upskilling agenda
Where next for skills? COVID-19 has triggered unprecedented change in the workforce. How can business-led upskilling drive productivity and growth in the workforce. What can businesses do to give employees the right skills for the future of work? To enable a Business-led upskilling effort government need to; Work with business to deliver more responsive upskilling … Continue reading
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