Job Market Monitor
Michel Cournoyer
US – Lower- and mid-wage occupations experienced proportionately greater declines in their real wages
Averaged across all occupations, real median hourly wages declined by 4.0 percent from 2009 to 2014. As Figure 1 shows, lower- and mid-wage occupations experienced proportionately greater declines in their real wages than did higher-wage occupations. Between 2009 and 2014, occupations in the bottom three-fifths saw median wage declines of 4.0 percent or greater. By … Continue reading
Immigrants who had prior Canadian skilled work experience had a very large initial earnings advantage study finds
Although most Canadian temporary foreign worker programs did not include provisions that allow participants to apply for permanent residency until recently, a substantial number of temporary foreign workers have become landed immigrants since the 1980s. For instance, from 2008 to 2012, about 32,000 temporary foreign workers gained permanent residency each year, accounting for 13% of … Continue reading
Youth Labour Force Participation in Canada – The first significant, prolonged decline since the early 1990s
The labour force participation rate of 15- to 24-year-olds (the percentage who are employed or seeking employment) declined from 67.3% in 2008 to 64.2% in 2014, reflecting a 3.8-percentage-point drop from 2008 to 2012 followed by a slight increase (Chart 1). The decline was particularly pronounced among youth aged 15 to 19, whose participation rate fell … Continue reading
US – None of the productivity growth flowed into the paychecks
This paper updates and explains the implications of the central component of the wage stagnation story: the growing gap between overall productivity growth and the pay of the vast majority of workers since the 1970s. A careful analysis of this gap between pay and productivity provides several important insights for the ongoing debate about how … Continue reading
US Job Report for October – Total nonfarm payroll employment increased by 271,000 and the unemployment at 5.0 percent
Total nonfarm payroll employment increased by 271,000 in October, and the unemployment rate was essentially unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, food services and drinking places, and construction. Household Survey Data Both the unemployment rate (5.0 percent) … Continue reading
Canada Job Report, October 2015 – Employment increased by 44,000 (+0.2%) to over 18 million for the first time
After four months of little change, employment increased by 44,000 (+0.2%) in October, bringing the number of people employed in Canada to over 18 million for the first time. The unemployment rate declined by 0.1 percentage points to 7.0%. Compared with 12 months earlier, employment was up 143,000 (+0.8%), with all of the gains in full-time work. During the same period, the total number of hours … Continue reading
China – A plan to push back retirement
China has the world’s lowest retirement age. Chinese officials want to shed that distinction. The average retirement age in China is 55, younger age than any other country, a senior social security minister said this week. As a result, he said, officials will soon unveil a plan to push back the country’s retirement age, which … Continue reading
Workplace Bullying – About one in three (35 percent) workers survey finds
According to recent research from staffing firm OfficeTeam, about one in three (35 percent) workers surveyed admitted they’ve had an office bully. More than one-quarter (27 percent) of human resources (HR) managers interviewed said they think workplace bullying happens at least somewhat often at their company. When employees were asked how they responded to a … Continue reading
Unemployment – Waiting doesn’t bring better outcomes
In some things, waiting brings better outcomes. We’ve all learned that it’s better to spend more time searching at the buffet line before making a decision. Otherwise, you end up with a plate full of wontons and miss out on the crab legs at the end. Or perhaps it’s better to wait for the next … Continue reading
College Graduates in US – Which skills employers are looking for
When hiring recent college graduates, employers say they place the greatest priority on a demonstrated proficiency in skills and knowledge that cut across majors. Written and oral communication skills, teamwork skills, ethical decision-making, critical thinking skills, and the ability to apply knowledge in real-world settings are the most highly valued among the 17 skills and … Continue reading
Job Benefits That Increase Employee Satisfaction
Guess pots by Gemma Hunt Carswell – A job that they will enjoy and a good level of financial remuneration are the main factors that most individuals look for when they are thinking of leaving their current employment and joining a new firm. However if you are a new start-up company, or a more established company … Continue reading
Monsanto – Slashing 2,600 jobs
Monsanto Co, one of the world’s largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. Chosen excerpts by Job Market Monitor. Read the whole story at Monsanto slashing 2,600 jobs, buying back shares as sales fall | Reuters
Self-employment in Canada – Aging and the shift of employment to older age groups led to an increase in the aggregate self-employment rate
Canada has a large group of unincorporated self-employed businesses that play a critical role in the early lifecycle of firms. This study presents summary statistics on the importance of a particular group of the self-employed: those whose primary source of income from employment comes from an unincorporated business. The unincorporated self-employed measured in this study … Continue reading
Canada’s September 2015 Job Report – A decline of 62,000 in full time employment, but overall little changed
Employment was little changed for the fourth consecutive month in September (+12,000 or +0.1%). The unemployment rate increased by 0.1 percentage points to 7.1% as more people participated in the labour market. Part-time employment rose by 74,000 in September, which was largely offset by a decline of 62,000 in full time. Provincially, employment rose in British Columbia, Alberta, Manitoba, Nova Scotia, Saskatchewan and … Continue reading
Building Your Medical Resume: A Lifelong Endeavor
Guess post by Monica Gomez It is a standard procedure for health care graduates to work on their medical resume when seeking a first job. Many see that exercise as a one-time event they are glad to get past. However, the reality is that resumes and CVs are important parts of advancement throughout a career. … Continue reading
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