Job Market Monitor
Michel Cournoyer
Employment Insurance (EI) in Canada – The current system is broken former chief actuary says
Only about 40 per cent of Canada’s 1.3 million unemployed people now receive benefits. And among those who do, the range of benefits given in the largest labour-market program in the country varies widely among regions. The current system is broken, said Michel Bédard, who co-wrote a paper to be released Thursday with economics professor … Continue reading
University of California – To raise minimum hourly wage to $15
The University of California will raise its minimum wage to $15 per hour over the next three years for all employees, including part-time and contract workers. Under a plan unveiled Wednesday at the university’s Board of Regents meeting in San Francisco, mandated hourly pay will increase to $13 this October, then by another dollar over … Continue reading
Finland – Unemployment rate at 10%, 22.7 percent for youth
Statistics Finland reports that the unemployment rate in Finland reached ten percent in June 2015, up from 9.2 percent one year earlier. Youth unemployment is over 22 percent already, with no signs of improvement in sight because there are no jobs or internships to be had. Young people have it the worst Perhaps the most … Continue reading
Pension plans in Canada (2013) – Virtually unchanged, but number of members in private sector plans declined 0.2%
Membership in registered pension plans (RPPs) totalled 6,185,000 in 2013, virtually unchanged from 2012. Membership in public sector pension plans rose 0.2% to 3,184,300, while the number of members in private sector plans declined 0.2% to 3,000,900. The public sector accounted for 51.5% of total membership in RPPs. Although the participation of women in RPPs decreased by 0.5% from 2012, male and female membership remained fairly … Continue reading
Growing Inequalities – Linked to the decline in unionization and the erosion of minimum wages IMF finds
The rise of inequality in advanced economies, and in particular the growing concentration of incomes at the top of the distribution, has become a greater focus of attention for economists and policymakers. Understanding the factors behind this phenomenon is essential to determine whether policy action is needed to reduce income inequality, taking into account other … Continue reading
Participation in US – Looking solely at the falling unemployment rate overstates that recovery
I am pleased to be here today to address an important topic for understanding the health of the labor market and the economy overall: the labor force participation rate, which currently stands at 62.6 percent. The continued decline of the unemployment rate since 2010 is the most commonly cited piece of evidence that the labor … Continue reading
Retaining Workers – Three actions employers are taking
Based on interviews with Express franchise owners in regions across Canada and the United States, Express has identified three actions employers are increasingly taking to improve employee retention. Raising Pay “It’s a wage war right now,” said Jeff Rey, Express franchise owner in Howell, Michigan. “Even small increases in wages can be enough to entice … Continue reading
Hiring Biases – The 3 biggest unconscious decisions
We spoke with Madan Pillutla, Ph.D., a professor of organizational behavior at London Business School who studies trust and fairness in interpersonal interactions, about the three biggest unconscious biases in hiring decisions. 1. We gravitate toward people who are similar to us. According to the similarity-attraction hypothesis, we tend to like people who are similar … Continue reading
UK – The pursuit of full employment
While there is some consensus around the merits of pursuing full employment, there is no widely agreed definition of what constitutes ‘full’. Nor have we heard much on quite how any given target might be achieved. In this briefing– which marks the launch of a major piece of research on the topic which will conclude before … Continue reading
Emotional Intelligence – 7 interview questions
Here are seven interview questions that can draw revealing answers from the job candidates you interview — and get you on your way to finding employees with stellar emotional intelligence. 1. Who inspires you and why? The job candidate’s answer often gives the interviewer a peek into who the interviewee models him or herself after. … Continue reading
Canada – 5.7 unemployed people for every job vacancy (April 2015)
Businesses reported 243,000 job vacancies in April, little changed compared with April 2014. For every job vacancy, there were 5.7 unemployed people, down from 6.2 recorded 12 months earlier. The national job vacancy rate was 1.6% in April, similar to the rate posted one year earlier. Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Job vacancies in brief, three-month average ending in April … Continue reading
Belgique – 90 000 pensionnés poursuivent leur activité après 65 ans
La tendance est lourde : de plus en plus d’indépendants poursuivent leur activité pour compléter leur pension. La pension, moment idéal pour… continuer à travailler. C’est en tout cas ce que semble indiquer la tendance : de plus en plus de travailleurs indépendants pensionnés poursuivent leur activité après 65 ans. L’augmentation atteint près de 30 %, en … Continue reading
Canada – Moores a reçu 231 470 dons de vêtements pour plus de 60 organismes
La première impression est un facteur déterminant dans une entrevue d’emploi. Des entrevues menées auprès de directeurs et de recruteurs des ressources humaines ont permis de révéler que le sort d’un candidat est décidé dans les cinq premières minutes d’une entrevue. La majorité des personnes interrogées affirment qu’une tenue décontractée peut nuire à la candidature d’un … Continue reading
Chômage en Chine – Le taux baisse à 5,06% en juin
La situation de chômage en Chine est restée stable au cours de la première moitié de 2015 tandis que le taux de chômage étudié par le bureau d’Etat des statistiques (BES) dans 31 villes significatives a baissé à 5,06% en juin. Extraits choisis par le Moniteur de l’emploi de Chine : le taux de chômage baisse … Continue reading
Job Market in US – There may be some lingering slack FRBSF says
The U.S. economy is looking quite good. Growth is on a solid trajectory, and the FOMC’s maximum employment goal is in sight. Risks from abroad are unlikely to overturn strong U.S. fundamentals. Still, the exact timing of an initial interest rate increase will depend on convincing evidence that inflation is heading back toward target. The … Continue reading
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