Job Market Monitor
Michel Cournoyer
Will people accept declining consumption in retirement or do they prefer steady real consumption?
If households accept declining consumption in retirement, they need less wealth to maintain their living standard. If households consume less once their kids leave home, they have a more modest target to replace and they save more between the emptying of the nest and retirement. These two assumptions are the levers that allow one to … Continue reading
Unemployment and Parenthood – Its impact differs according to the relationship research finds
Unemployment leads to earlier entries into parenthood for both men and women. However, its impact differs according to the relationship status in which it is experienced. Unemployed men who cohabit and unemployed women who are single have a higher probability of becoming parents. Among married individuals the timing of parenthood is determined largely by the … Continue reading
Labor Market Polarization in US – Higher education and the Wage Gaps
The earnings gap between people with a college degree and those with no education beyond high school has been growing since the late 1970s. Since 2000, however, the gap has grown more for those who have earned a post-graduate degree as well. The divergence between workers with college degrees and those with graduate degrees may … Continue reading
The Labor Force Projections in US – A Map
From 2010 to 2030, patterns of labor force participation will change across regions of the United States. In some regions, the primary demographic effect will be changes in age structure, which will drive declines in labor force participation rates. In other regions, in-migration and changes in the racial and ethnic composition of the adult population … Continue reading
Immigrants to Canada – The ‘New Gateways’ and immigrant selection programs and immigrant source regions
Canada and the United States have recently experienced an increased regional dispersion of entering immigrants. American research suggests that a mixture of economic push factors (away from states like California) and pull factors (toward states with growth of low-wage jobs), as well as changing government policies and regulations contributed to the development of the ‘New … Continue reading
Your Job Search is Failing – 6 Reasons
Here are six areas that he says are essential to be a top contender in the job market. Attitude: Much of your job search is related to composure and attitude. Social Media Presence: Scanning social media profiles has become a standard part of the applicant screening process for most employers, so your image on social … Continue reading
Employment up by 0.1% in Euro Area and by 0.2% in EU28 in fourth quarter of 2014
The number of persons employed1 increased by 0.1% in the euro area (EA18) and by 0.2% in the EU28 in the fourth quarter of 2014 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the third quarter of 2014, employment increased by 0.2% … Continue reading
Job vacancies in Canada in December 2014 – 5.0 unemployed people for every job vacancy down from 6.2 a year before
Canadian businesses reported 233,000 job vacancies in December, up 30,000 compared with 12 months earlier. For every job vacancy, there were 5.0 unemployed people, down from 6.2 in December 2013. This decline in the ratio was the result of both fewer unemployed people and more job vacancies. Unemployment-to-job vacancies ratio declines in four provinces In Nova Scotia, there were 6.6 unemployed people for every job vacancy, down from 10.6 in … Continue reading
Retirement in US – Nearly 40 million working-age households (45 percent) do not own any retirement account assets reports finds
A new research report calculates that the U.S. retirement savings crisis continues to worsen, and that the typical working household still has virtually no retirement savings. When all households are included— not just households with retirement accounts—the median retirement account balance is $2,500. The median retirement account balance was $3,000 for all working-age households as … Continue reading
Nursing in North and Central America – Toward Harmonizing Qualifications
Amid aging populations and the growth of chronic diseases, the demand for skilled health-care professionals is on the rise in the three countries of North America. In the United States alone, an estimated 5.6 million vacancies for health-care professionals at all skill levels will open up between 2010 and 2020, and the numbers in Canada … Continue reading
UK – The highest proportion of employees with a workplace pension on record
Workplace pension reforms The Pensions Act 2008 put in place a framework for workplace pension reform designed to increase private pension saving in the UK. This framework was amended slightly by the Pensions Acts 2011 and 2014. One of the key reforms was that, from October 2012, all eligible employees are to be automatically enrolled … Continue reading
US Academic Job Market in Humanities – The number of positions advertised at least 30% lower
In an effort to place the job advertisements in the broader context of the humanities field, staff members at the Humanities Indicators gathered up the numbers reported by the larger societies back to 2001. The following chart summarizes data reported by the largest disciplinary societies in the humanities and highlights a pattern of decline among … Continue reading
Immigration in Germany -Record 8.2 million or a 10th of population
Foreigners now represent about a 10th of Germany‘s population as their numbers hit a record in Europe‘s biggest economy, the government said Monday. Nearly 8.2 million people with foreign nationalities were registered with authorities at the end of 2014, the Federal Statistical Office reported. That number was the highest recorded since the registry‘s introduction in … Continue reading
UK – 70% moved out of poverty by getting a job ONS finds
Entering employment is widely thought to be the most effective route out of poverty, a view supported by a range of research. But does getting a job always lead to people leaving poverty? Our new analysis shows that between 2007 and 2012, of those aged 18 to 59 who were in income poverty, but then … Continue reading
Unemployment Insurance in US – The proportion of jobless workers receiving benefits fell to a record low of 23.1 percent in December 2014
The Great Recession and its aftermath created severe challenges for unemployment insurance (UI) programs in the United States and for jobless workers relying upon them. In this briefing paper, we show that state UI programs are failing their critical goals of income replacement and supporting economic growth. The proportion of jobless workers receiving benefits from … Continue reading
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