Job Market Monitor
Michel Cournoyer
Job Vacancies in February in Canada – 5.9 Unemployed people for every job vacancy
Canadian businesses reported 220,000 job vacancies in February, up 28,000 compared with February 2014. For every job vacancy, there were 5.9 unemployed people, down from 7.1 one year earlier. This decline in the ratio was the result of both fewer unemployed people and more job vacancies. The national job vacancy rate was 1.5% in February, up from 1.3% posted 12 months earlier. Chosen excerpts by Job Market Monitor. Read … Continue reading
Global Job Gap – It continues to widen ILO finds
The world economy continues to expand at rates well below the trends that preceded the advent of the global crisis in 2008 and is unable to close the significant employment and social gaps that have emerged. The challenge of bringing unemployment and underemployment back to pre-crisis levels now appears as daunting a task as ever, … Continue reading
Tackling long-term unemployment in the EU
Epthinktank Written by Verena Kern faithie / Fotolia.com With the onset of the crisis, unemployment rates have increased sharply throughout Europe and the trend seemed set to continue. However in March 2015, the European Commission reported that, for the first time since 2009, the LTU rate fell slightly. Currently, long-term unemployment (LTU) stands at 4,9% … Continue reading
ManpowerGroup’s 2015 Talent Shortage Survey – On the rise globally
ManpowerGroup’s annual Talent Shortage Survey, released today, reveals that 32% of U.S. employers report difficulties filling job vacancies due to talent shortages. This marks a decrease of 8%, falling from 40% in 2014. Globally, the percentage of employers experiencing difficulties continued to rise, increasing from 36% in 2014 to 38% in 2015. Among U.S. employers, … Continue reading
Job Search – Helping your kid get a job
The list below comes from my experience as a parent, career coach and as an HR professional who sometimes received the well-intentioned, but in my view over-reaching parents’ efforts. 1. Start Early. 2. CVs & letters including thinking through reference choices. 3. Identifying employers and community contacts. 4. Online. 5. Help them answer the question `What … Continue reading
Canada’s Express Entry – A slow start
After the first five months it’s clear the new PR process has missed the mark on all three of its goals. Worse, the new program has created some unintended consequences. First, the application system is restrictive and leaves little room for discretion. With only an e-mail address for inquiries, no one is available to talk … Continue reading
Rolls-Royce – to cut 600 jobs in marine unit
British engineering group Rolls-Royce (RR.L) said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a “broadly neutral” impact on 2015 profits. Rolls-Royce is in the middle of a cost-saving plan in its aero-engines business and headquarters, axing 2,600 jobs, and … Continue reading
Saved for Retirement – How Much ?
This analysis helps answer one of the most important questions that many defined contribution participants face before retirement: How much do I need to save each year for a “successful” retirement? It includes three of the major post-retirement risks (longevity, investment, and long-term care) while allowing the participant to also choose the probability of “success” … Continue reading
Local Taxes and Incentives for Jobs Creation
Late last year the electric carmaker Tesla chose Nevada as the site of its future “gigafactory,” where it will produce all of the batteries to power its vehicles. The company expects the factory to cost $5 billion to build and to eventually employ around 6,000 people. Tesla cited Nevada’s offer of low taxes as an … Continue reading
The Aging Emerging Economies
Population aging is often cited as a major economic challenge for the developed world. But a new report from the McKinsey Global Institute (MGI) shows that shifting demographics pose an even greater threat to the growth prospects of many emerging economies. Over the last 50 years, the world’s 1.6% annual population growth fueled a surging … Continue reading
Europe’s Employer – Their attitudes towards the unemployed, especially on skills and employability, and the effectiveness of their contact with public employment services
Based on original polling across five European countries, this report explores employers’ views on a range of issues related to long-term unemployment – their attitudes towards the unemployed, especially on skills and employability, and the effectiveness of their contact with public employment services. Employers are central to resolving long-term unemployment: they will decide whether or … Continue reading
US – State IT workforce
The predicted shortage in the state information technology (IT) workforce has been discussed and debated for over a decade and states have been confronted with numerous challenges when it comes to identifying gaps in a changing IT workforce. A major concern for state CIOs continues to be the significant number of state IT employees who … Continue reading
Latin America and the Caribbean Outlook – Unemployment will be up 0.2 percentage point
The unencouraging economic outlook for the current year will likely prompt a mild increase in the regional unemployment rate to 6.2% from the 6.0% registered in 2014, according to estimates released today by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO). In a new edition of their … Continue reading
Unemployment in OECD in March 2015 – 42.4 million people were unemployed, UR at 6.9%
The OECD unemployment rate fell by 0.1 percentage point to 6.9% in March 2015, with a cumulative decline of 1.2 percentage points since the peak reached in January 2013. Across the OECD area, 42.4 million people were unemployed, 6.6 million less than in January 2013. The euro area unemployment rate was stable in March, at … Continue reading
UK Job Report – Employment rate for people aged from 16 to 64 at record level (73.5%)
Main points for January to March 2015 Comparing the estimates for January to March 2015 with those for October to December 2014, employment continued to rise and unemployment continued to fall. These changes maintain the general direction of movement since late 2011 to early 2012. There were 31.10 million people in work, 202,000 more than … Continue reading
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