Job Market Monitor
Michel Cournoyer
Millennials – Most do not identify with the term
Millennials will soon become the nation’s largest living generation. They already have surpassed Generation X to make up the largest share of the U.S. workforce. Despite the size and influence of the Millennial generation, however, most of those in this age cohort do not identify with the term “Millennial.” Just 40% of adults ages 18 … Continue reading
UK – ‘Zero-hours’ jobs on the rise
The number of Britons reporting they are employed on ‘zero-hours’ contracts which offer no guaranteed work or pay has risen by almost a fifth over the past year, official figures showed on Wednesday. Zero-hours contracts are popular with employers in the hospitality, social care and further education sectors, but the opposition Labour Party had pledged … Continue reading
Welfare Use by Immigrant in US – 51 percent of households study finds
This study is the first in recent years to examine immigrant (legal and illegal) and native welfare use using the Census Bureau’s Survey of Income and Program Participation (SIPP). While its complexity makes it difficult to use, the survey is widely regarded as providing the most accurate picture of welfare participation. The SIPP shows immigrant … Continue reading
Alberta – From labour shortages to 35,000 oilpatch jobs lost
Less than a year ago, Alberta was still complaining of a labour shortage. Schools couldn’t find bus drivers, job vacancy rates were the highest in the country. It’s no secret that the situation has changed. The Canadian Association of Petroleum Producers says that 35,000 oilpatch jobs have been cut this year, 25,000 from the oil … Continue reading
Canada – In recession as economic growth shrank for a second quarter in a row
Canada’s economy contracted by an annualized 0.5 percent in the second quarter, according to Statistics Canada data on Tuesday, indicating a recession in the first half of the year. The second-quarter downturn was less than the 1.0 percent decline forecast by economists, and followed a more deeply revised contraction of 0.8 percent in the first … Continue reading
Germany – Slight rise in in unemployment in August
Fresh data on the German labor market have shown the number of people looking for a job in Europe’s powerhouse economy has gone up marginally. But experts say it’s a seasonal effect not to be worried about. Germany’s Federal Labor Office (BA) said Tuesday it recorded 23,000 job-seekers more across the country in August as … Continue reading
Unemployment in EU – The lowest rate recorded since February 2012 but 4.634 million young persons are still unemployed
The euro area (EA19) seasonally-adjusted unemployment rate was 10.9% in July 2015, down from 11.1% in June 2015, and from 11.6% in July 2014. This is the lowest rate recorded in the euro area since February 2012. The EU28 unemployment rate was 9.5% in July 2015, down from 9.6% in June 2015, and from 10.2% … Continue reading
Norvège : le chômage augmente de nouveau
Le taux de chômage en Norvège a continué sa progression en juin, augmentant de 0,2 point pour atteindre 4,5%, a annoncé ce matin l’institut statistique national SSB. Il s’agit d’un nouveau record depuis l’adoption début 2006 du mode de calcul actuel. Extraits choisis par le Moniteur de l’emploi de Norvège : le chômage augmente de nouveau
Satisfaction With Job in US – Up from 2005 finds Gallup
Employed Americans’ satisfaction with 13 aspects of their current jobs has largely improved in the last decade. The percentages of workers “completely satisfied” with their health benefits and vacation time have increased the most since 2005, each rising at least 10 percentage points. Chosen excerpts by Job Market Monitor. Read the whole story at Americans’ Satisfaction With … Continue reading
Bad Bosses – Almost half of workers have left a job because of them
And nearly a third don’t rate the skills of their current manager. They say ‘people don’t leave jobs, they leave managers’, and a survey by B2B marketplace Approved Index may have proved that once and for all, discovering that nearly half (42 per cent) of employees have left a job because of a bad boss. … Continue reading
Panasonic – 1,300 jobs cut in Beijing
Electronics giant Panasonic on Thursday said it will stop making lithium-ion batteries and will shut down the factory that produces the batteries in Beijing. The company will cut 1,300 jobs as it aims to produce higher-grossing items such as electric car batteries. The plant has been open for 15 years and produces batteries for simple … Continue reading
US Jobless Claims – A decline after four straight weekly increases
The number of Americans seeking first-time unemployment benefits fell last week, suggesting the labor market remains healthy. Initial jobless claims, a proxy for layoffs across the U.S., decreased by 6,000 to a seasonally adjusted 271,000 in the week ended Aug. 22 the Labor Department said Thursday. The decline comes after four straight weekly increases. Economists … Continue reading
US – 28 percent of these rich households with jobs in 2012 and with average income of $31.4 million got no paycheck in 2013
A very curious thing happened in 2013, when Congress raised the tax rates on top earners, from the 35 percent rate set under George W. Bush back to the Bill Clinton–era rate of 39.6 percent. More than 4,000 households that in 2012 enjoyed salaries averaging $6.5 million each stopped collecting paychecks, my analysis of IRS … Continue reading
Student Gap Year – Don’t travel, work and gain skills
If you missed out on a place at university and you’re taking a year out, use the time to gain valuable experience In fact, volunteers are welcomed by many schools; and for would-be teachers, volunteering is a wise choice. Universities like to see proof of commitment to a subject and self-discipline, says Dr Jennifer Wilby, … Continue reading
Gender Gap – Over time, women’s aspiration levels drop more than 60% while men’s stay the same
For the past five years, Bain & Company has studied how and why women’s career paths differ from men’s. We surveyed more than 1,000 men and women in the US at all career levels, asking specifically about their interest in pursuing a top management position (board, CEO level, and one or two levels below CEO) … Continue reading
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