Job Market Monitor
Michel Cournoyer
$15 minimum Wage in US – The cost increases resulting from these measures could be absorbed by the fast-food industry not only without causing employment losses study finds
Over the past few years, there has been a growing movement in the United States to substantially raise the federal minimum wage, which has been fixed at $7.25 per hour since 2009. One widely embraced goal within this movement is to raise the federal minimum to $15 an hour. This would constitute a 107 percent … Continue reading
US – The Skills Gap Threatens U.S Economic Future CEOs Say
The skills gap is real and is a significant a problem, the CEOs of major U.S. corporations said today at an event in Washington hosted by Business Roundtable and Change the Equation. The finding is part of a survey of the memberships on U.S. STEM (science, technology, engineering, and mathematics) Skills, conducted earlier this year. … Continue reading
The long-term employment challenge – The productivity solution
Global employment growth has been slowing for more than two decades. By around 2050, our research finds, the global number of employees is likely to peak. In fact, employee headcounts are already declining in Germany, Italy, Japan, and Russia; in China and South Korea, they are likely to begin falling as early as 2024. While … Continue reading
Immigration – The points system is dead
Canada in January 2015 is set to launch a revamped immigrant selection system known as “Express Entry,” after extensive preparations throughout 2014. After several years of upheaval in Canadian immigration policy, this moment marks the end of a quietrevolution: the demise of the traditional points system worldwide. Rather than giving permanent residence to any immigrant … Continue reading
Crude oil’s collapse will cost 9,000 jobs at Schlumberger
Oilfield services giant Schlumberger plans to cut 9,000 jobs as the global collapse in crude oil prices crimps production in 2015 and perhaps even longer. The cuts — nearly 8% of Schlumberger’s 120,000 workers, were announced Thursday “to better align with anticipated activity levels for 2015,” the company said. Chosen excerpts by Job Market Monitor. Read … Continue reading
Sony – To cut 90 jobs closing all 14 Canadian stores
Sony Corp. has announced plans to close all 14 of its Canadian stores as it focuses on other areas of its business. The electronics giant said about 90 employees will be laid off as the stores shut down over the next six to eight weeks. Chosen excerpts by Job Market Monitor. Read the whole story at Sony … Continue reading
Canada – Excluding pension assets, family units with RPP assets had a median net worth of $210,600 in 2012 StatCan finds
This study compares the wealth holdings of family units covered by workplace pension plans with those of other family units. It focuses on families and unattached individuals who had no significant business equity and whose major income recipient was aged 30 to 54 and employed as a paid worker. The paper also examines whether wealth … Continue reading
Jobless Claims in US – Increase to 316,000 in the week ending January 10
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS ( seasonally adjusted) In the week ending January 10, the advance figure for seasonally adjusted initial claims was 316,000, an increase of 19,000 from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 294,000 to 297,000. The 4-week moving average was 298,000, an increase of 6,750 … Continue reading
Target Canada – Closing 133 stores that employ 17,600 people
Target Canada is closing up shop. Target said Thursday that it will begin winding down its Canadian operations, which include 133 stores that employ 17,600 people. The Minneapolis-based company said it reviewed its Canadian subsidiary’s performance and concluded that it would not be profitable until 2021. “This was a very difficult decision, but it was … Continue reading
US – Why wages are not rising as job growth increases
Why wages are not growing for the vast majority of workers in the United States and what it will take to get us there. First, the trend of stagnating U.S. wage growth is nothing new. The past three decades of wage growth — save for the late-1990s boom — have given the median U.S. wage … Continue reading
Skills Gap in US – Skill shortages are not a significant factor impeding current employment growth research finds
Consistent with the view that much of current unemployment must be structural rather than cyclical in nature, even as unemployment has been slow to fall from its recent high level, a number of reports have cited short- ages of skilled workers as a significant barrier to business expansion. A 2011 report by Deloitte and the … Continue reading
Solar Jobs in US – Up 22% in 2014
U.S. solar companies boosted their employee rolls by 22 percent last year, and now employ 86 percent more workers than they did in 2010, driven by rising demand in the world’s third-largest market. Almost 174,000 people are working in the U.S. solar industry, compared with 143,000 in 2013 and 93,500 in 2010, according to a … Continue reading
Bombardier – To cut 1,000 aerospace jobs
Bombardier says it’s going to cut about 1,000 employees from its Learjet business in 2015, affecting sites in Mexico and the United States. The Montreal-based aerospace company says the cuts are due to weak demand for the Learjet 85 business jet. Chosen excerpts by Job Market Monitor. Read the whole story at Bombardier to cut 1,000 aerospace jobs … Continue reading
BP – To cut 300 North Sea jobs
Energy giant BP said it was shedding 200 staff jobs and 100 contractors in its North Sea operations today following a sharp drop in oil prices. The company employs around 3,500 onshore and offshore workers in the North Sea operations, mainly in and around the oil hub city of Aberdeen in Scotland. Trevor Garlick, regional … Continue reading
Gender Pay Gap in US – On average in 2013, women made 82 percent of the median weekly earnings of male full-time wage and salary workers BLS finds
In 2013, women who were full-time wage and salary workers had median usual weekly earnings of $706. On average in 2013, women made 82 percent of the median weekly earnings of male full-time wage and salary workers ($860). In 1979, the first year for which comparable earnings data are available, women earned 62 percent of … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 