Job Market Monitor
Michel Cournoyer
US – More mexicans leaving than coming in
More Mexican immigrants have returned to Mexico from the U.S. than have migrated here since the end of the Great Recession, according to a new Pew Research Center analysis of newly available government data from both countries. The same data sources also show the overall flow of Mexican immigrants between the two countries is at … Continue reading
Long-Term Impact of Mass Layoffs – As layoffs increase by 1%, total labour force shrinks by 0.15 percentage points
When 1% of a county’s labour force is laid off, the county’s total labour force shrinks by 0.15 percentage points within three years. Between 2001 and 2011, internal migration, take-up of disability insurance, and early retirement account for three-quarters of the decline in the labour force following a significant economic downturn, with internal migration accounting … Continue reading
Business Environment – The only constant is unrelenting change
The only constant in today’s business environment is unrelenting change. Amid mounting complexity, the old playbook no longer works. Although known concepts might appear from a distance to need just an update and a bit of adaptation, organizations that take this approach risk becoming wrapped up in a never-ending stream of change that soaks up … Continue reading
UK – Immigrants’ spouses must speak English before entering Supreme Court says
The supreme court has rejected a challenge against an immigration rule requiring spouses to be able to speak English before moving to the UK. Five justices in London had been urged to rule that the pre-entry measure was “unreasonable, disproportionate and discriminatory”. But the panel, led by the court’s president, Lord Neuberger, unanimously dismissed an … Continue reading
Ireland – Unemployment rate down to its lowest level since 2008
The construction and industrial sectors delivered the most new jobs as a 59,400 increase in the number of full-time posts helped bring the unemployment rate down to its lowest level since 2008. Quarterly data published by the Central Statistics Office showed Ireland’s seasonally adjusted unemployment rate dropped to 9.1 per cent in July-September this year … Continue reading
Middle East’s youth unemployment – 27 million not in education, employment, or training
Unemployment across the Middle East and North Africa (Mena) region is expected to surge in the coming years as a combination of structural and cyclical factors is adversely impacting job creation in both oil-exporting and oil-importing countries. According to a recent report ‘Re-Dynamising the Job Machine: Technology-Driven Transformation of Labor Markets in MENA’, produced jointly … Continue reading
US – Republican presidential candidates on the minimum wage
The most recent Republican presidential debate coincided with a nationwide day of action from the Fight For $15, a grassroots movement advocating for higher minimum wages. To Fox Business anchor Neil Cavuto’s credit, he seized this opportunity to ask the candidates a simple question: “Are you sympathetic to the protesters’ cause?” The answer was a … Continue reading
The Old Get Richer – Financial security in advanced societies appears to increase with age
Pia Huettl, Karen Wilson and Guntram Wolff document the phenomenon in a recent paper for Brussels-based think tank Bruegel. They found that the material deprivation rate — defined as inability to afford things above basic necessity level — has increased for young people in most European countries between 2007 and 2013, but dropped for over 65s. That’s mainly due … Continue reading
Gender Gap – 65% of women don’t think men consider them equals at work
65% Of Women Don’t Think Men Consider Them Equals At Work How women and men really feel about workplace sexism, according to a MAKERS/HuffPost survey. Source: 65% Of Women Don’t Think Men Consider Them Equals At Work
Labor Force Participation in US – An increasing share of Americans outside of the labour force are not making an effort to come back
The chart below showed that 93% of those classified as “not in the labour force” in October also resided there in September. Furthermore, since this share hit its cycle-low in June 2010, there has been a clear upward trend and we are currently around historically high levels. In other words, an increasing share of Americans … Continue reading
European Refugee Surge – The labour market and fiscal impact
Europe is facing its biggest refugee inflow since World War II. Estimating the number of arrivals remains very challenging, but over one million asylum applications could be received this year in the European Union (EU), up from 630 thousand applications in 2014, with an estimated 350-450 thousand people likely to be granted refugee or other … Continue reading
Global growth prospects have clouded this year OECD says, but labour markets should continue to improve
A further sharp slowdown in emerging market economies (EMEs) is weighing on global activity and trade, and subdued investment and productivity growth is checking the momentum of the recovery in the advanced economies. Supportive macroeconomic policies and lower commodity prices are projected to strengthen global growth gradually through 2016 and 2017, but this outcome is … Continue reading
High Job Performance – Put in more hours won’t work anymore
How do you drive sustainably high performance in an era of relentlessly rising demand?… The typical solution – put in more hours – won’t work anymore. The vast majority of salaried employees are already doing that, and many of them are paying a price that they are finding less and less acceptable. They are exhausted … Continue reading
Job Report in UK – Employment at record high
There were 31.21 million people in work, 177,000 more than for April to June 2015 and 419,000 more than for a year earlier. There were 22.80 million people working full-time, 273,000 more than for a year earlier. There were 8.42 million people working part-time, 146,000 more than for a year earlier. The employment rate (the … Continue reading
People in poorer countries in the southern hemisphere are increasingly migrating to richer countries
People in poorer countries in the southern hemisphere are increasingly migrating to richer countries, mostly in the northern parts of the world, in search of a better economic future. The trend has sped up since the early 1990s, a new study by the International Monetary Fund reveals. The accompanying chart shows where global migrants are … Continue reading
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