Job Market Monitor
Michel Cournoyer
Germany – The “recognition Act” and the professional or vocational qualification acquired abroad
How can a professional or vocational qualification acquired abroad be recognised? Against the background of an impending shortage of skilled workers and negative demographic developments, this is a question which has had a role to play in Germany for some time now. In order to meet the demands of the German labour market by providing it … Continue reading
The Skills Gaps in US – Where are the biggest gaps?
A July 2014 Financial Sense article reported that according to the National Federation of Independent Business, an advocacy group for small business, “The proportion of business owners reporting that they can’t find qualified applicants has been trending steeply upward since the end of the recession.” Further, “the most commonly cited shortages are in technical trades … Continue reading
The Temporary Help Industry in US – 2 percent of average daily employment and accounted for 11 percent of net employment losses during the Great Recession
The temporary help industry, although small, plays a significant role in the macro economy, reflecting employers’ growing reliance on temporary help agencies to provide flexibility in meeting staffing needs. The temporary help industry accounts for about 2 percent of average daily employment in the U.S. economy but plays an outsized role in workforce adjustment during … Continue reading
The IT workforce in US – 5.04 million workers with job growth of 3.1%, or nearly 152,000 additional IT jobs
According to the research consultancy IDC, the global information technology (IT) market, encompassing hardware, software, services, and telecommunications, is expected to reach $3.8 trillion in 2016, up from $3.7 trillion the previous year. The U.S. market accounts for approximately 28% of the total, or slightly more than $1 trillion. Over the past decade, the biggest … Continue reading
The global employment challenge and the productivity solution
Global employment growth has been slowing for more than two decades. By around 2050, our research finds, the global number of employees is likely to peak. In fact, employee headcounts are already declining in Germany, Italy, Japan, and Russia; in China and South Korea, they are likely to begin falling as early as 2024. While … Continue reading
Job Vacancy in Canada, third quarter 2015 – 401,000 (2.6%)
There were 401,000 job vacancies in Canada in the third quarter and the job vacancy rate was 2.6%. Nunavut (4.2%) and Yukon (3.9%) had the highest job vacancy rates, followed by British Columbia (3.4%), Alberta (3.1%) and Nova Scotia (3.0%). Ontario had a job vacancy rate of 2.6%, in line with the national average. Quebec had the lowest rate … Continue reading
Inequality in Canada – May be larger than previously thought OECD Says
The gap between rich and poor in Canada, and in many developed countries, is wider than previously thought, says a new study from the OECD. Economists Nicolas Ruiz and Nicolas Woloszko argue in a new working paper that the existing data on income inequality is incomplete because it’s based on household surveys. High-end earners tend … Continue reading
Germany – The economy can currently accommodate 350,000 migrants per year labor agency director says
The director of Germany’s Federal Employment Agency has said the country’s economy can currently accommodate 350,000 migrants per year. His comments come as the coalition wrangles over proposed changes to asylum law. According to Detlef Scheele, the executive director of the Federal Employment Agency, Germany’s labor market has the capacity to absorb about 350,000 refugees … Continue reading
US – The productivity imperative and the labor markets
The productivity imperative The past 50 years have been a remarkable period for global GDP growth, which was driven in equal measures by expanding the labor pool and increasing the productivity of those worker. But one of those drivers is running out of steam. As the workforce ages in many of the world’s largest economies, … Continue reading
The January 2016 Job Report in US – Charts
Chosen excerpts by Job Market Monitor. Read the whole story at The January Jobs Report in 12 Charts – Real Time Economics – WSJ Related Posts Job Report in US – What the White House says POSTED BY MICHEL COURNOYER ⋅ FEBRUARY 6, 2016 ⋅ LEAVE A COMMENT With the unemployment rate below 5 percent for the first time in almost … Continue reading
The January 2016 Job Report in US – Manufacturing jobs hit 7-year high
Apparently, no one told American manufacturers that their business is collapsing, because they kept on hiring more workers in January.The Bureau of Labor Statistics reported Friday that manufacturing companies added 29,000 workers in January to reach a seven-year high of 12.4 million. After a soft patch in the middle of last year, it was the … Continue reading
Job Report in US – What the White House says
With the unemployment rate below 5 percent for the first time in almost 8 years, here are five things you need to know about where our economy stands. Source: As Unemployment Drops Below 5%, Here Are Five Facts About America’s Jobs Market | whitehouse.gov Related Post Job Report in US, January 2016 – American employers … Continue reading
Bad Job Interview – I didn’t show them who I am
“That’s what makes people feel bad,” Cuddy said. People can generally accept a negative concrete outcome — like not landing the job — if they felt like they presented themselves well. That led Cuddy to realize that success in challenging situations is about leaving without regret and feeling satisfied that you did the best you could. Cuddy … Continue reading
Universal Basic Income – These things are utopian one expert says
Universal Basic Income gets all this attention and popularity, but I haven’t seen one model that’s even on the planet of financial feasibility. These things are utopian. Finland is conducting an experiment in giving every adult a check for €800 a month, which would require spending far more than what the government raises in taxes. Whatever … Continue reading
Job Report in US, January 2016 – American employers eased up on the gas
Total nonfarm payroll employment rose by 151,000 in January, and the unemployment rate was little changed at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in several industries, led by retail trade, food services and drinking places, health care, and manufacturing. Employment declined in private educational services, transportation and warehousing, … Continue reading
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