Job Market Monitor
Michel Cournoyer
EU – Population rose by 1.7 million during 2013 with net migration as the main driver
The current demographic situation in the EU-28 is characterised in general by population growth.3 However, while the population of the EU-28 as a whole increased in 2013, the population in 13 EU-28 Member States declined. The EU-28 population rose by 1.7 million during 2013 On 1 January 2014 the population of the EU-28 was estimated … Continue reading
US – 40% of survey respondents say they’re living paycheck-to-paycheck
While the U.S. economy continues to improve and consumer sentiment remains above a baseline level for optimism, many consumers are still searching for fiscal relief. In fact, 40% of respondents in a recent Nielsen survey say they’re living paycheck-to-paycheck. But in today’s world, what does it actually mean to live paycheck-to-paycheck? In its most basic … Continue reading
Temporary Help Workers in the U.S. Labor Market
The number of jobs in the temporary help services industry reached an all-time high of 2.9 million in May 2015, accounting for 2.4 percent of all private sector jobs in the U.S. economy. This short report looks at the latest official U.S. government statistics on the temporary help services industry and its workforce to provide … Continue reading
Canada July Jobs Report – Modest 6,600 jobs
Canada’s overall labour market didn’t change very much in July as the economy created 6,600 additional jobs, Statistics Canada reported today. That was roughly in line with the 5,000 new jobs that economists had been forecasting. The unemployment rate remained at 6.8 per cent for the sixth straight month. Manufacturing remains weak as another 4,600 factory jobs disappeared … Continue reading
US – Teens aren’t working summer jobs anymore
At 41.3 percent, the July labor force participation rate of teens was the lowest for the month in the post-World War II period. The teenage summer job has been going the way of telephone booths and the cassette tape for decades. The length of the downward trend has been masked by the fact that it’s hard … Continue reading
Australia July Jobs Report – Unemployment rate, jobs both record surprise jumps
Employment surged in the month of July even as the unemployment rate climbed from 6 to 6.3 per cent. The latest official figures from the Bureau of Statistics show a jump of employment of 38,500 in July after a jump of 7000 in June and 42,000 in May. The combined jump of 87,500 came as … Continue reading
US July Jobs Report – 2.9 million jobs over the past 12 months
The U.S. economy added 215,000 jobs in July, continuing a steady expansion. Friday’s report from the Labor Department showed few changes from the prior month on a range of measures, including the unemployment rate, at 5.3%, and the labor-force participation rate. The economy has added around 2.9 million jobs over the past 12 months. That’s … Continue reading
Centrica (owner of British Gas) – To cut 6,000 jobs
The owner of British Gas has announced 6,000 job cuts over the next five years following a far-reaching strategic review, despite making £1 billion in profits. The results of the six-month review come as Centrica recorded a 44 per cent rise in profits at British Gas to £565 million. Chosen excerpts by Job Market Monitor. Read … Continue reading
Royal Dutch Shell – To cut 6,500 jobs
Royal Dutch Shell said on Thursday that its profit fell sharply in the second quarter as a strong performance in marketing and refining failed to offset the brunt of lower oil and gas prices. The oil giant also said it would cut its capital investment and eliminate 6,500 jobs as the drop in oil and … Continue reading
Millennials in US – Less likely to be living independently of their families
Five years into the economic recovery, things are looking up for young adults in the U.S. labor market. Unemployment is down, full-time work is up and wages have modestly rebounded. But, according to a new Pew Research Center analysis of U.S. Census Bureau data, these improvements in the labor market have not led to more … Continue reading
Learning – 3 myths about the brain
Misconceptions about the brain are embedded in corporate training programs and could be sabotaging their effectiveness. Companies should reevaluate them in light of the latest scientific insights. Myth #1: The critical window of childhood Most of us have heard about critical learning periods—the first years of life, when the vast majority of the brain’s development … Continue reading
Minimum Wage in US – The Tracker
There are 14 states that have changed their minimum-wage law since January 2014. Alaska, Arkansas, Connecticut, Delaware, Hawaii, Maryland, Massachusetts, Michigan, Minnesota, Nebraska, Rhode Island, South Dakota, Vermont, and West Virginia The effective minimum wage has increased in 26 states and D.C. since January 2014. Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Maryland, … Continue reading
Apprenticeship – The benefits of employing older apprentices
The evidence firmly suggests those in later life want to continue working. A January YouGov poll showed that around half of non-retired over-50s want to still be working between the ages of 65 and 70, and only 15% of non-retired over-50s said they would want to stop work altogether between ages 60 and 65. “If … Continue reading
Korea – Youth unemployment rate highest in 15 years
The nation’s youth unemployment reached the highest this year since 2000, raising serious concerns about the government’s labor policies especially for the country’s younger population, as well as the limited job security among young contract workers. The number of unemployed young Koreans, which stood at 330,000 back in 2013, rose to 380,000 last year, and … Continue reading
Vodafone Spain – To cut up to 1,300 jobs
The Spanish business of London-listed telecoms group Vodafone said on Tuesday it will cut up to 1,300 jobs as it trims its workforce following last year’s acquisition of the county’s largest cable operator Ono. Negotiations with employee representatives over the cuts will start on September 1, it said in a statement. Chosen excerpts by Job … Continue reading
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