Job Market Monitor
Michel Cournoyer
Global Extreme Poverty – Less than 10 percent for the first time World Bank says
The World Bank provided some relief from bad news this week with some fresh, positive data: For the first time ever, it estimates that the number of people around the world living in extreme poverty will fall below 10 percent. Using an updated international poverty line of USD $1.90 a day, the Bank estimated that global poverty has fallen from … Continue reading
16 Career paths that may best fit specific personality traits (Infographic)
There are a ton of different personality tests out there and you might already be familiar with some of them. You may already know you’re an INFP or an ENTP, based on the Myers-Briggs personality assessment. Many workplaces do this personality testing as a part of professional development, enabling coworkers to better understand and communicate … Continue reading
UK Job Report (October 2015) – The employment rate has reached a record high
There were 31.30 million people in work, 207,000 more than for May to July 2015 and 505,000 more than for a year earlier. There were 22.88 million people working full-time, 338,000 more than for a year earlier. There were 8.42 million people working part-time, 167,000 more than for a year earlier. The employment rate (the … Continue reading
Internship in Magazines In New York City – A Testimony
In fall 2013, I began applying for several magazine internships in New York hoping I’d land at least one of them. I mean, I was constantly looking on ED2010 for the latest posting and one day, I applied for the Good Housekeeping Magazine Editorial Internship. To my surprise, I received an e-mail about a phone … Continue reading
Minimum wage in US – If adjusted for inflation, the minimum wage of 1968 would be $10.90 today
If adjusted for inflation, the minimum wage of 1968 would be $10.90 today. That is a whopping reduction of the federal minimum wage by a third. It’s worth noting that the unemployment rate was 3.6 percent in 1968 with a higher real minimum wage. So the unemployment rate is higher today — at 5 percent … Continue reading
The Middle Class in US – Shrinking
The middle class shrinks The hollowing of the American middle class has proceeded steadily for more than four decades. Since 1971, each decade has ended with a smaller share of adults living in middle-income households than at the beginning of the decade, and no single decade stands out as having triggered or hastened the decline … Continue reading
Gender Gap in Latin America – Greater women’s equality in would unlock $1 trillion McKinsey says
Women have won five presidential elections in Latin America—an impressive feat. Yet much more still needs to be done to advance women’s equality in the region. The economic benefits alone would be huge—by our calculations more than $1 trillion over the next decade. At a time when many Latin American economies are struggling, that’s too … Continue reading
Job Markets – 10 Predictions for 2016
Here’s where the jobs will be—and what skills you’ll need to get them 1. There will be more lower-level health care jobs. 2. Job opportunities in immigration will increase. 3. Law enforcement jobs will be easier to get. 4. More companies will provide entertainment experiences. 5. More jobs will require analyzing Big Data. 6. There … Continue reading
Flexible Work – Five important statistics from 2015
It’s been a big year for flexible work. We’ve seen an increase in telecommuters and a shift in working generations. Take note of these flexible work stats! 1. Occasional telecommuting is on the rise. With major advances in technology over the past decade, the increase of people telecommuting, at least on an occasional basis, has … Continue reading
The Skills Gap, Higher Education and the Workplace Readiness – The broken link
96% of Chief Academic Officers rate their institution as very / somewhat effective at preparing students for the world of work. 14% of Americans strongly agree that college graduates in this country are well-prepared for success in the workplace. 11% of business leaders strongly agree that graduating students have the skills ans competencies their business … Continue reading
Brain Drain in Philippines – 1.8 M temporary migrant workers left in 2014
In 2014, 1.8 million temporary migrant workers left the Philippines to work in more than 190 countries, each one bearing an employment contract issued and certified by the Government of the Philippines. From factory and domestic workers to engineers and nurses, Filipinos occupy a wide range of jobs abroad. Legal movements of temporary workers on … Continue reading
Occupational Outlook in US – The fastest growing occupations
According to the U.S. Bureau of Labor Statistics (BLS), the civilian labor force in the United States numbered 155.9 million in 2014, and that’s expected to grow to 163.8 million by 2024. What are America’s fastest growing occupations going to be during that time frame? Chosen excerpts by Job Market Monitor. Read the whole story at America’s Fastest Growing Occupations … Continue reading
US – Universal Basic Income for everyone would add roughly $2.2 trillion to government spending
So let’s run some numbers. Paying all 322 million Americans $10,000 a year would cost $3.22 trillion. Proponents claim this can be paid by redirecting existing welfare programs, but a quick review reveals this as nonsense. All state and local government social welfare programs are around $500 billion, and programs such as food stamps (SNAP) … Continue reading
Refugees in Germany – Only 8 percent find work in the first year
The influx of refugees into Germany is both a boon and a burden for the economy: it needs huge numbers of migrants to rejuvenate an aging workforce, but must financially support many for years until they learn the language and gain qualifications. The country needs about half a million migrants a year until 2050 to … Continue reading
Royal Dutch Shell – To cut around 2,800 jobs
Royal Dutch Shell Plc said it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion following its takeover of BG Group Plc. That equates to 3 percent of Shell and BG’s combined workforce as The Hague-based company consolidates offices and its administration structure once the acquisition is completed, it … Continue reading
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