Job Market Monitor
Michel Cournoyer
L’emploi au Québec – 33 000 emplois perdus en juin, le pire mois depuis 10 ans
Le Québec a perdu 33 300 emplois en juin dernier, le taux de chômage grimpant de 0,4 %, à 8 %. Il s’agit de la plus forte baisse mensuelle de l’emploi au Québec depuis mai 2005. Ces pertes sont entièrement concentrées dans l’emploi à temps partiel, selon les dernières données de Statistique Canada. La province … Continue reading
Job Report in Canada , June 2015 – Employment was virtually unchanged in June (-6,400 or 0.0%)
Employment was virtually unchanged in June (-6,400 or 0.0%), as gains in full-time work were offset by losses in part time. The unemployment rate held steady at 6.8% for the fifth consecutive month. Following gains of 63,000 (+0.4%) in the first quarter of 2015, employment grew by 33,000 (+0.2%) in the second quarter. Full-time work increased by 143,000 in the second quarter, while part-time work … Continue reading
Middle Class in the World -13% of people Pew Research Center finds
This study divides the population in each country into five groups based on a family’s daily per capita consumption or income. The five groups are labeled poor, low income, middle income, upper-middle income, and high income. Of the four thresholds that separate these different income groups, two are especially important to keep in mind. The … Continue reading
Millions trapped at bottom of economic ladder OECD says
The OECD Employment Outlook 2015 says that around 42 million people are currently without work across the OECD, down from 45 million in 2014 but still 10 million more than just before the crisis. Unemployment in the 34 OECD countries is projected to continue declining over the next 18 months to reach 6.5% in the last quarter of … Continue reading
US – Jobs Openings increased to record 5.4 million in May
From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 5.4 million on the last business day of May, the highest since the series began in December 2000, the U.S. Bureau of Labor Statistics reported today. The number of hires was unchanged at 5.0 million in … Continue reading
Microsoft – To cut 7,800 jobs
Microsoft Corp. plans to cut as many as 7,800 jobs and write down about $7.6 billion on its Nokia phone-handset unit, wiping out nearly the entire value of a business that failed to gain market share since it was acquired last year. The company also will record a restructuring charge of about $750 million to … Continue reading
Global Poverty – Drops sharply U.N. report finds
Dire poverty has dropped sharply, and just as many girls as boys are now enrolled in primary schools around the world. Simple measures like installing bed nets have prevented some six million deaths from malaria. But nearly one billion people still defecate in the open, endangering the health of many others. These are among the … Continue reading
Caribbean Youth Unemployment – Tourism is the solution Bahamas Prime Minister says
Caribbean youth unemployment is the “greatest scourge of our time,” according to Bahamas Prime Minister Perry Christie. But there’s a way to help solve the problem, Christie says, by focusing on the region’s biggest economic driver: tourism. “I know that for some, tourism may be redolent of a part of our history that we would … Continue reading
When people below you think less of you than what people above you think
As a matter of fact, lots of employees identified as high potentials early in their career fall out along the way. Why? Rarely do people fail due to some technical deficiency—not being a good enough programmer or being an average accountant. My take: they lack the ability to create followership. The ability for a high-pot … Continue reading
Workfare in UK – The ‘psychological resistance’ to work test
Firstly, an article published in Medical Humanities suggested that people claiming unemployment benefits are being coerced in to undertaking psychological interventions. The research, which drew largely on personal testimonies, suggests unemployment is seen as a personal failure and psychological deficit. Both authors of the paper, Lynne Friedli and Robert Stearn, are members of campaign group … Continue reading
India and Australia – The trade agreement to include upskilling
The planned Comprehensive Economic Cooperation Agreement between Australia and India will enable Australia to contribute to the mass upskilling of India’s youth population, said Belinda Robinson, chief executive of Universities Australia, this week. The agreement, which is expected to be finalised at the end of the year, is being seen as an opportunity for both … Continue reading
Google Targeted Ads and the Gender Gap – High paying jobs shown to man more than women research finds
Using AdFisher, we conducted 21 experiments using 17,370 agents that collected over 600,000 ads. Our experiments found instances of discrimination, opacity, and choice in targeted ads of Google. Discrimination, is at some level, inherent to profiling: the point of profiling is to treat some people differently. While customization can be helpful, we highlight a case … Continue reading
The decline in labor force participation in US – What the Economic Report of the President says
The decline in labor force participation between the fourth quarter of 2007 and the fourth quarter of 2014 can be decomposed into three parts: an aging population, the economic downturn, and a residual that is attribut‐ able to other factors. Figure 3‐6 shows the decomposition of this decline over time based on CEA modeling. By … Continue reading
Talent War – Candidates choose employer brand over salary
No amount of money could tempt half of UK workers (53%) to consider taking a role at a company with a poor employer brand, according to research from LinkedIn. The Winning Talent report also found that one in six UK workers (17%) would take a new job with a company offering increased job security, greater development … Continue reading
Self-Employed in US – The high cost
Working for yourself is liberating—and extraordinarily expensive. You face steep tax bills, have to buy your own health and disability insurance, and need to fund retirement with no help from an employer. Add it all up, and the numbers start to look ugly. Tempted to join America’s 15 million self-employed? Here is a reality check: … Continue reading
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