Job Market Monitor
Michel Cournoyer
COVID-19 and School Closures around the World – 1.37 billion students, nearly 80% of the world’s student population, now at home
As school closures impact nearly 80% of the world’s student population, UNESCO on Monday convened an online meeting of an ad hoc group of education ministers who shared information about scaled-up measures deployed in their countries to support teachers, parents and students in coping with home learning. They also pointed to emerging challenges that require … Continue reading
COVID-19 in Canada – The new Canada Emergency Response Benefit
The new Canada Emergency Response Benefit We will provide a taxable benefit of $2,000 a month for up to 4 months to: workers who must stop working due to COVID19 and do not have access to paid leave or other income support. workers who are sick, quarantined, or taking care of someone who is sick … Continue reading
COVID-19 – Travailleurs Essentiels – Trop souvent peu rémunérés
La crise du coronavirus nous aura fait découvrir que notre bien-être dépend en partie de travailleurs souvent peu rémunérés et maintenant qualifiés d’essentiels. Il y a quelques mois, des préposés aux bénéficiaires dans les résidences privées pour aînés faisaient la grève pour obtenir 15 $ l’heure, eux qui touchent 13 $ à 14 $ l’heure. Et les travailleurs … Continue reading
COVID-19 au Canada – Aide d’urgence : qui a droit ?
La nouvelle Prestation canadienne d’urgence Nous offrirons une prestation imposable de 2 000 $ par mois pendant quatre mois au maximum : les travailleurs qui doivent cesser de travailler en raison de la COVID‑19 et qui n’ont pas accès à un congé payé ou à une autre forme de soutien du revenu; les travailleurs qui sont malades, qui … Continue reading
COVID-19 in US – Economy will experience a quick rebound says former Federal Reserve chairman Ben Bernanke
Former Federal Reserve Chairman Ben Bernanke also said Wednesday the U.S. economy will experience a quick rebound after a “very sharp” recession. “If there’s not too much damage done to the workforce, to the businesses during the shutdown period, however long that may be, then we could see a fairly quick rebound,” Bernanke told CNBC’s … Continue reading
COVID-19 en France – Comment s’articulent allocation chômage et activité partielle
Comment s’articulent allocation chômage et activité partielle ? Ce sont deux dispositifs autonomes qui peuvent pourtant se combiner, voire se cumuler. Pôle emploi répond à vos interrogations, que vous soyez inscrit comme demandeur d’emploi, ou pas, en cours d’indemnisation, ou non. COMMENT FONCTIONNE L’ACTIVITÉ PARTIELLE ? L’activité partielle, appelé aussi « chômage partiel », est un dispositif … Continue reading
COVID-19 in US – Maps on how states are responding
States have enacted a wide range of policies in an effort to “flatten the curve” and address the economic effects of the novel coronavirus. While all 50 states have declared states of emergency, giving governors emergency powers, the policy response from states has been wide-ranging. Chosen excerpts by Job Market Monitor. Read the whole story @ How … Continue reading
COVID-19 – Analyzing the trends in one chart
Chosen excerpts by Job Market Monitor. Read the whole story @ U.S. Coronavirus Outlook: Is This The End Of The Beginning?
COVID-119 Economic Impacts – At least as bad as Great Recession, says IMF
The International Monetary Fund said it expects a global recession this year that will be at least as bad as the downturn during the financial crisis more than a decade ago, followed by a recovery in 2021. Nearly 80 countries have asked the Washington-based IMF for emergency finance, Managing Director Kristalina Georgieva said in a … Continue reading
COVID-19 – Leading economists urge governments to bring out the ‘big artillery’
Leading economists urge governments to bring out the ‘big artillery’ to fight the economic fallout caused by the COVID-19 pandemic. Unconventional policy options such as ‘helicopter money’ should be on the table, they argue. Governments will need to reduce personal and corporate bankruptcies, ensure people have money to keep spending even if they’re not working, … Continue reading
COVID-19 au Québec et au Canada – (Mise à jour 2) Bonifier l’assurance-emploi et mettre à profit l’expertise en intelligence artificielle pour accélérer le traitement des demandes
Finis les programmes annoncés par Ottawa la semaine dernière. Place à de nouvelles annonces avec, en prime, des systèmes à développer. Est-ce la marche à suivre ? Le montant forfaitaire : certainement. Mais, croisons-nous les doigts pour la mise en oeuvre. Des bonifications de l’assurance-emploi * Développer des nouveaux programmes en urgence peut s’avérer un … Continue reading
COVID-19 in Canada – The impact on the labour market
The Bottom Line… • Global economy will feel the effects of COVID-19—a recession is likely in many countries • Canada and the United States went into February 2020 on a solid footing but things have deteriorated precipitously • Economic impact will depend entirely on our success (in Canada and the United States) at containing the … Continue reading
COVID-19 and Social Dialogue – The wage subsidies idea
Government must introduce wage subsidies as a key means to protect jobs Our key demand is that government provide wage subsidies for short-time working and temporary layoffs. Government should learn from examples across Europe and introduce an immediate package across the economy to protect jobs. As we recommend below, Government should immediately convene a taskforce … Continue reading
Unemployment Insurance in US – State reserves are not adequate before COVID-19
The federal-state unemployment insurance (UI) system pays temporary partial earnings replacement to involuntarily unemployed applicants while they are actively seeking reemployment. The UI system is an automatic stabilizer for state economies, injecting spending from benefit payments quickly in economic downturns, and withdrawing spending during business recoveries because of fewer beneficiaries and higher tax contributions. There … Continue reading
COVID-19 – Top 10 countries compared in charts
The big question is which figure is a more realistic representation of today’s picture of each country? Each figure we’ll look at compares the top 10 countries with the most confirmed coronavirus cases to date. The plot begins when each country hits 1 confirmed coronavirus case per million residents. As you can see the United … Continue reading
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