Job Market Monitor
Michel Cournoyer
Volunteers in US – 25.3 percent did it at least once between September 2013 and September 2014
The volunteer rate was little changed at 25.3 percent for the year ending in September 2014, the U.S. Bureau of Labor Statistics reported today. About 62.8 million people volunteered through or for an organization at least once between September 2013 and September 2014. The volunteer rate in 2013 was 25.4 percent. These data on volunteering … Continue reading
House of Cards – Fox on Underwood’s jobs plan
Spoiler alert: Frank Underwood’s economic policy in “House of Cards” is crazy. At least it is through the first four episodes, which is all my binge has so far taken in. With 18 months left in the White House, the fictional president on Netflix wants to add 10 million jobs. That’s over half a million … Continue reading
Mentoring – 5 Rules to make the most out of it
If you’re going to get into mentoring, how can you make the most of it? How can you ensure that your talent gets what they need out of the system, and develops to the point you need? 1. Opposites Attract Pairing up talent with mentor is not like a dating system. If your employee is … Continue reading
Pay Violations in US – $240.8M recovered
U.S. labor investigators recovered $240.8 million in back wages for American workers last year amid an intensified crackdown on pay abuses in low-skill industries. That newly released total – which reflects the amount of back wages that employers agreed to pay, or were ordered to pay, following government investigations – amounted to $890 per affected … Continue reading
Italy – Unemployment slowing for a second consecutive month
Unemployment in Italy stood at 12.6 per cent in January, slowing for a second consecutive month and returning to its level a year ago, according to national statistics agency Istat: In January 2015 22.320 million persons were employed, essentially unchanged over December 2014. Unemployed were 3.221 million, -0.6% with respect to the previous month. Chosen … Continue reading
Australia – One in five unemployed today is a teenager
It can’t be said enough, amid a steady rise in the overall unemployment rate, Australia’s youth continue to bear the brunt – and teenagers are faring worst of all. More than 290,000 Australian youth aged 15 to 24 were categorised as unemployed in January. The worst hit were the 15 to 19 year olds, with … Continue reading
IT Job Market in US – The best growth since 2000
More than 130,000 new IT jobs were created in the last 12 months. A Janco analysis based on a review of data from the Bureau of Labor Statistics has found 131,800 new information technology jobs were created in the past year. Janco found a net increase of 62,600 IT jobs in the past three months … Continue reading
Germany – The number of unemployed graduates of African descent has increased from about 2,000 to nearly 12,000 from June 2013 to June 2014
Over the last couple of years the number of students from sub-Saharan Africa, who come to study and work in Germany, has increased. But getting a job can be difficult depending on the field of study one is taking. Most students from African countries who happen to study in Europe or the US prefer to … Continue reading
Unemployment in Euro Area – The lowest rate recorded since April 2012
The euro area (EA19) seasonally-adjusted unemployment rate was 11.2% in January 2015, down from 11.3% in December 2014, and from 11.8% in January 2014. This is the lowest rate recorded in the euro area since April 2012. The EU28 unemployment rate was 9.8% in January 2015, down from 9.9% in December 2014 and from 10.6% … Continue reading
HR Software – Western European businesses spent a vast €2.5 billion on it
Technology is something that HR needs to embrace, given current HR tech adoption rates. According to consultancy Towers Watson, western European businesses spent a vast €2.5 billion on HR software systems last year, with the market showing a compound annual growth rate of 7%. This figure is expected to stay stable for the next five … Continue reading
EUROPP – Despite low unemployment, large sections of German society remain at risk from poverty
In the early 2000s, the then SPD-Green government in Germany implemented a package of policies known as ‘Agenda 2010’, which aimed to reform the country’s welfare system and labour market. Stefan Selke writes on the impact of these reforms ten years later. He argues that while the unemployment rate in Germany is currently low by … Continue reading
OK – Old displace young on income ladder
When I was a kid old people weren’t very well off. The words poor and pensioner often went together. I remember a poster (presumably by one of the age charities) which I used to pass on the way to my swimming lesson. It said something like, “Poverty and loneliness, the punishment for old age.” That would have … Continue reading
Labour Market Deregulation – Positively related to current account surpluses research finds
In theory, labour market deregulation has two effects on an open economy’s current account balances. To the extent that it fosters future growth, it decreases current savings by consumption-smoothing households that anticipate an increase in their future income, and tends to make the current account more negative. But by making labour income flows more uncertain, … Continue reading
US – Nine years after the bust began, construction employment has made up only about a third of its losses
The labor market for construction workers suffered a massive shock in the wake of the housing bust, as demand for new homes dried up and firms rapidly shed workers. Employment in the construction sector fell nearly 25 percent from more than 11-1/2 million in 2006 to about 9 million in 2010. Even though the construction … Continue reading
US – Wages growth is breaking out at restaurants and bars
Wage growth is breaking out in an unexpected corner of the U.S. economy: the nation’s restaurants and bars. Food-service employment has surged since the recession ended nearly six years ago, growing twice as fast as overall payrolls. But those gains had largely failed to translate into better wages in the sector, until recently. Restaurant wages … Continue reading
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