Job Market Monitor
Michel Cournoyer
US College Admissions Process – Selling Students to the Highest Bidders
The U.S. college admissions process is expensive and stressful, for everyone from high-achieving high school students to first-generation adult learners. It is also surprisingly ineffective — only about 30% of students headed to a four-year college graduate from that college within six years (about 40% take longer or don’t graduate at all, and about 30% … Continue reading
Freelancers Support in Sickness – The Netherlands’ Broodfonds
Falling ill is so problematic for freelancers that most don’t allow it to happen: studies show that the self-employed take three times fewer days off work for illness than traditional employees. Broodfonds, where small groups set up their own mutual fund to support each other through sickness. Being sick means the loss of clients and … Continue reading
Alberta – it’s going to be very hard to avoid a recession this year Conference Board of Canada’s chief economist says
With 0il prices plunging almost 6o per cent and job cuts mounting within companies like Suncor Energy and Shell Canada, the spectre of recession has suddenly emerged in Alberta. After gushing about the “superstar” local economy at a speech in Calgary last November, the Conference Board of Canada’s chief economist, Glen Hodgson, ominously warned this week that “it’s going to be very … Continue reading
US – Job Openings increase to highest level since 2001
Job openings climbed in November to the highest level in almost 14 years as the strengthening U.S. economy fueled demand for labor. The number of positions waiting to be filled rose by 142,000 to 4.97 million in November, the most since January 2001, a report from the Labor Department showed today. The pace of hiring … Continue reading
Suncor – To cut 1,000 jobs
Oilsands giant Suncor Energy says it will cut approximately 1,000 jobs and reduce its 2015 spending plans in response to lower oil prices. The job cuts will primarily affect contract workers, but will also involve a reduction in employee positions, according to Suncor’s announcement, made in a press release today. The Calgary-based company also said it will … Continue reading
By 2030, many of the world’s largest economies will have more jobs than adult citizens to do those jobs Rainer Strack says
It sounds counterintuitive, but by 2030, many of the world’s largest economies will have more jobs than adult citizens to do those jobs. In this data-filled — and quite charming — talk, human resources expert Rainer Strack suggests that countries ought to look across borders for mobile and willing job seekers. But to do that, … Continue reading
Ph.D.s in English – The job market may be even worse than people realize
As English professors and would-be English professors gather today in Vancouver for the annual meeting of the Modern Language Association, a new paper argues that the job market for English Ph.D.s may be even worse than people realize. MLA leaders make no claims that the job market is in good shape, and their recent survey … Continue reading
Education in US – The earning gap has grown more for those who have earned a post-graduate degree Federal Reserve Bank San Francisco finds
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
US – Unemployment has not recovered in 95 percent of county economies to pre-recession levels
County economic trends are an essential measure of the well-being of county residents. The conditions of a county economy can constrain and challenge county governments, residents and businesses, while also providing opportunities. This analysis of county economic conditions identifies patterns of growth and recovery in 2014 across the 3,069 county economies by examining annual changes in … Continue reading
US – Unemployed job losers have low rates of transition out of the labor force until their duration of unemployment ends FRB finds
Economists often expect unemployment insurance (UI) benefits to elevate unemployment rates because recipients may choose to remain unemployed—instead of accepting jobs or dropping out of the labor force—in order to continue receiving benefits. Researchers have attempted to quantify the effect of UI benefit availability on the unemployed ranks and on the U.S. unemployment rate. The … Continue reading
Trends – 5 once-prestigious jobs
Lawyer Overall enrollment in law school has plummeted to a 27-year low and enrollment of first-year law students to a 40-year low, according to a report on annual enrollment released in December by the American Bar Association. That’s likely because those considering becoming lawyers know two things: 1) they’ll likely face relatively dismal job prospects … Continue reading
UK – Half expect to retire later Department for Work and Pensions finds
Over half (56%) of UK pre-retirees have changed their mind over the last few years about when they expect to retire, government research reveals. Almost half (49%) of respondents thought they would retire later than previously expected, with just 7% anticipating an earlier retirement than before. The majority of respondents predicting a later retirement were … Continue reading
Zimbabwe – Banks cut 1,000 jobs last year, union says
Banks in Zimbabwe cut 1,000 jobs last year, eliminating one post out of every six in the southern African country’s banking industry, a union official said. ZB Bank Ltd. eliminated 500 positions, while Steward Bank Ltd. and AfrAsia both trimmed 83, said Shepard Ngandu, assistant secretary general of the Zimbabwe Banks and Allied Workers Union. … Continue reading
Global Talent – High level of willingness to work abroad Boston Consulting Group and The Network find
Together, The Boston Consulting Group and The Network conducted research on today’s global workforce—everything from what people in different parts of the world expect of their jobs to what would prompt them to move to another country for work to the countries they would consider moving to. More than 200,000 people from 189 countries participated … Continue reading
Minimum Wage in UK – Employers underpay 100k young people Trade Unions Congress says
More than 100,000 young adults are not being paid the national minimum wage (NMW), an increase of 52% since 2010. The figures were highlighted by the Trade Unions Congress from the government’s final evidence submitted to the Low Pay Commission (LPC). It found that 35,000 more young adults were being paid below the NMW since … Continue reading
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