Job Market Monitor
Michel Cournoyer
DuPont – To cuts 1,700 jobs
Chemical maker DuPont Co (DD.N) said it would cut 1,700 jobs in Delaware, as part of a previously announced plan to reduce its workforce before combining with Dow Chemical Co (DOW.N) in a $130 billion megamerger. The job cuts in the state, which has been its home for more than 213 years, will take place … Continue reading
The changing in the nature of employment – Corporations with tiny employment rolls and assets now achieve vast market capitalizations
The early 21st century has witnessed a sea change in the nature of employment and in the shape of the corporation in the United States. Employment has shifted from the career, to the job, to the task. In this paper, Jerry Davis argues that the death of the career and the rise of the gig … Continue reading
Wages in US – Man working full-time, year-round earned less in 2014 than in 1973 in real terms
The typical man with a full-time job–the one at the statistical middle of the middle–earned $50,383 last year. The typical man with a full-time job in 1973 earned $53,294, measured in 2014 dollars to adjust for inflation. You read that right: The median male worker who was employed year-round and full time earned less in … Continue reading
Jobless Claims in US – Near 42-year low
The number of Americans filing for unemployment benefits fell more than expected last week, nearing a 42-year low as labor market conditions continued to tighten in a boost to the economy.Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 267,000 for the week ended Dec.19, not far from levels last seen in … Continue reading
Job Search – Lack of broadband can be a key obstacle
People without broadband at home can face substantial challenges navigating key life events, with difficulties looking for work or applying for a job among the most prominent. Despite a number of state and federal initiatives promoting increased broadband adoption, a significant share of U.S. adults (33%) say that they still do not subscribe to high-speed … Continue reading
Job Interview – Questions to avoid
Here are 17 questions you’ll want to avoid during the first job interview, as they may do more harm than good: What does your company do? What will my salary be? Will I have to work long hours? How soon can I take a vacation? How quickly could I be considered for a promotion? When … Continue reading
Canada – Employer sponsorship and other forms of automatic saving may matter a great deal in helping more vulnerable groups save for their retirement.
A large literature in behavioural economics finds that households benefit from assistance with the challenging task of preparing financially for retirement. Workplace pension program characteristics such as default options or savings rate escalators tend to significantly increase contributions to these plans (Madrian and Shea 2001; Choi et al. 2004; Thaler and Benartzi 2004). Recent evidence … Continue reading
US – Low participation is the main explanation for depressed employment rates among prime-age Americans
Low participation is the main explanation for depressed employment rates among prime-age Americans. Participation rates are not only low in comparison to levels seen before the Great Recession, they are also now below those in other rich countries. Charts 2 and 3 compare employment-to-population rates among 25-54 year-olds in seven OECD member countries (Canada, France, … Continue reading
US in 2015 – Millennials surpassed Baby Boomers in sheer numbers to become the largest generation
There are an estimated 75.3 Millennials (ages 18 to 34) compared with 74.9 million Baby Boomers. This racially diverse, economically stressed and politically liberal group is also taking over American jobs: Millennial workers this year grew to outnumber Gen X workers, making them the largest share of the U.S. labor force. Chosen excerpts by Job … Continue reading
US – How tight does the labor market have to get before wages really start heating up?
How tight does the labor market have to get before wages really start heating up? In Lincoln, Neb., average hourly earnings were stagnant until the unemployment rate crossed below 2.5% in the fall of 2014. Then, wages took off. Since last October, they gained as much as 10.9% from a year earlier. The jobless rate … Continue reading
Pension Plans in Canada – Funding decline in 2015
Canadian pension plans saw their funding decline in 2015 and are facing a rocky outlook for 2016 that could make it difficult to recoup their losses. A review of 449 Canadian pension funds by consulting firm Aon Hewitt shows the average pension plan’s solvency position fell to 87.6 per cent as of Dec. 16, a … Continue reading
Aging Canada – No choice but to adapt to slower domestic growth David K. Foot says
The entry of the massive baby boomer generation into the Canadian work force over the 1960s and 1970s resulted in rapid work force and economic growth, rising unemployment and increasing inflation. Their exit over the next 20 years will have the opposite effects: slow work force and economic growth, falling unemployment and reduced inflation (possibly … Continue reading
Job Vacancy Rate In The Euro Area – 1.6% (2015,Q3)
The job vacancy rate in the euro area (EA19) was 1.6% in the third quarter of 2015, down from 1.7% in the previous quarter, but stable compared with the third quarter of 2014, according to figures published by Eurostat, the statistical office of the European Union. The job vacancy rate in the EU28 was 1.7% … Continue reading
Toshiba – To cut 7,000 jobs in PC and TV units
Japan’s Toshiba Corp (6502.T) said on Monday it will cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal, in an overhaul that will streamline the sprawling conglomerate into a company focused on chips and nuclear energy. Toshiba also said it would sell its television manufacturing plant in Indonesia, and that eventual job … Continue reading
Les réfugiés : Si le Québec recevait autant de réfugiés que le Liban (mi-2015), il en compterait plus de 1 730 000
Ce rapport statistique du HCR, intitulé Tendances mondiales, premier semestre 2015, couvre la période de janvier à fin juin. Il fait état des déplacements forcés dans le monde qui résultent des conflits et de la persécution ; il révèle des indicateurs fermement ancrés dans le rouge pour chacune des trois principales catégories de personnes déracinées : les réfugiés, les … Continue reading
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