Job Market Monitor
Michel Cournoyer
Greece – Unemployment falls to 25.7 pct in September
Greece’s jobless rate fell to 25.7 percent in September from a upwardly revised 26 percent rate in August as the country’s six-year recession eases, Greek statistics agency ELSTAT said on Thursday. September’s reading was the lowest since August 2012 when unemployment stood at 25.5 percent. The record high was set in September 2013, when unemployment … Continue reading
Australia – Unemployment rate in November at 12-year high
The unemployment rate has hit a 12-year high of 6.3%, fuelling talk of interest rate cuts in 2015. November’s figure is up from 6.2% the previous month despite the creation of 42,700 jobs, a figure nearly three times larger than economists were expecting. However, only 1,800 positions were full-time. The number of people looking for … Continue reading
US – Who are the jobless
Averages don’t tell us anything about how employment opportunities are distributed. We tend to talk about the unemployment rate as if it was a shared reflection on all of us. But that’s a bit silly. After all, no one is 5.8 percent unemployed and 94.2 percent employed. For real people, having a job is an … Continue reading
Not Working in US – From the highest employment rates among developed nations to the bottom of the list
Working, in America, is in decline. The share of prime-age men — those 25 to 54 years old — who are not working has more than tripled since the late 1960s, to 16 percent. More recently, since the turn of the century, the share of women without paying jobs has been rising, too. The United … Continue reading
High-skilled Foreign Workers in Canada – Express Entry could change things
Some employers fear Americans working in Canada through the North American Free Trade Agreement, foreign nationals who have transferred to a Canadian branch and international youth working in Canada could be sideswiped by rules under the new express entry system that starts Jan. 1. New regulations suggest employers who want to offer permanent jobs to high-skilled … Continue reading
Job vacancies in Canada – 5.6 unemployed people
Canadian businesses reported 243,000 job vacancies in September, little changed compared with 12 months earlier. For every job vacancy, there were 5.6 unemployed people, down from 6.0 in September 2013. Unemployment-to-job vacancies ratio declines in New Brunswick and Prince Edward Island The ratio in New Brunswick declined from 11.7 to 8.8 in the 12 months to September, as there were fewer unemployed people in the province. Chart 1 Unemployment-to-job vacancies ratio, … Continue reading
Unemployment in Latin America and the Caribbean – Has continued to fall but will rise from 2015 says ILO
The International Labour Organization (ILO) today reported an unusual pattern in the urban unemployment rate in Latin America and the Caribbean during 2014, which continued to fall despite the economic slowdown. However, the Organization warned that slow growth has begun to impact the labour market. “There are warning signs,” said Elizabeth Tinoco, ILO Regional Director … Continue reading
A bad job could be worse than unemployment
There’s a clear link between being engaged in “good work” and mental health. An important contribution to our understanding of this link has come from the Household, Income and Labour Dynamics in Australia (HILDA) Survey in Australia. It brings together a robust set of data that can be easily compared with other situations such as … Continue reading
Gini Coefficients for EU member states (2013)
Gini coefficient The Gini coefficient is the most commonly used measure of inequality. It is based on the ‘equivalised’ disposable income of each individual country; 0 indicates total equality (everyone would dispose of the same income) and 100 complete inequality, where a single person would have all income. Chosen excerpts by Job Market Monitor. Read … Continue reading
Cloud Computing Jobs in US – 3.9 million jobs
There are 3.9 million jobs in the U.S. affiliated with cloud computing today with 384,478 in IT alone. The median salary for IT professionals with cloud computing experience is $90,950 and the median salary for positions that pay over $100,000 a year is $116,950. Chosen excerpts by Job Market Monitor. Read the whole story at Where … Continue reading
India – TCS to hire 55,000
IT giant TCS is believed to be undertaking a significant performance-related restructuring of its workforce, which may also lead to some employees being asked to leave the company. Sources said that the restructuring exercise could affect both onsite and offsite positions across various verticals, even as the company said it is on track to meet … Continue reading
Sweden – Youth Guarantee
This document describes how Sweden addresses and takes into account the Council recommendation of 22 April 2013 on establishing a Youth Guarantee. High youth unemployment is a challenge Sweden shares with most other EU Member States. Youth unemployment is in fact one of Sweden’s most important societal challenges. Many young people have difficulties entering the … Continue reading
South Korea – The benefit for employers of family-friendly workplace policies is unclear research finds
It’s no secret that a happy worker is a productive worker and a new analysis by scholars at The University of Texas at Dallas finds that family-friendly policies are beneficial for increasing productivity of employees. Yet the benefit for employers is unclear, since that may be offset by the same turnover rates. Family-friendly policies are … Continue reading
US – Nearly 60 percent of U.S. chief financial officers say their firms are not adapting to attract millennial workers
Nearly 60 percent of U.S. chief financial officers say their firms are not adapting to attract millennial workers – thoseunder age 35. While millennials offer technological and creative advantages, they tend to be less loyal to the company and require more management oversight, some CFOs say. CFOs in the U.S. also expect employment to increase … Continue reading
Best Places to Work in 2015 according to Glassdoor
Glassdoor has announced our seventh annual Employees’ Choice Awards, honoring the Best Places to Work across the U.S. and the UK. Winners were determined by the people who know these companies best — their employees. Chosen excerpts by Job Market Monitor. Read the whole story at Best Places to Work | Glassdoor.
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