Job Market Monitor
Michel Cournoyer
Consider migrants as a resource rather than a problem says OECD
The increasing number of people moving within the European Union is driving the rise in migration registered in OECD countries, after several years of decline caused by the crisis. High skilled migration and humanitarian movements to OECD countries are also increasing. Migration policies need to keep pace with these changes, according to a new OECD … Continue reading
Canada – Replace temporary foreign workers program by special visa says Canadian Federation of Independent Business (CFIB)
The Canadian Federation of Independent Business is calling on Ottawa to replace its controversial temporary foreign worker program with a visa that would provide a path to permanent residence for entry-level employees from abroad. The organization says in a report released today it’s proposing the Introduction to Canada Visa that would address labour shortages for … Continue reading
Job Interviews Should be a Conversation – 10 questions to ask
Although job interviews often feel like an interrogation, they’re meant to be a conversation between you and a potential employer. Asking plenty of questions during a job interview can not only help you build a dialogue, but it can also help you evaluate if the job is right for you. Before you pick and choose … Continue reading
Slaves in UK – Could be between 10,000 and 13,000
There could be between 10,000 and 13,000 victims of slavery in the UK, higher than previous figures, analysis for the Home Office suggests. Modern slavery victims are said to include women forced into prostitution, “imprisoned” domestic staff and workers in fields, factories and fishing boats. The figure for 2013 is the first time the government … Continue reading
France – More people were unemployed in October than ever before
More people were unemployed in France in October than ever before, data released Thursday showed, highlighting continued weak activity in the eurozone’s second-largest economy. The Labour Ministry said the jobless total in mainland France rose by 28,400 to 3,460,900, a 0.8 percent increase over one month and 5.5 percent over one year. President François Hollande … Continue reading
Europe – Unemployment rate was 11.5% in October 2014, 21.6% for youth
The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in October 2014, stable compared with September 2014 , but down from 11.9% in October 2013. The EU28 unemployment rate was 10.0% in October 2014, also stable compared with September 2014 and down from 10.7% in October 2013. These figures are published by Eurostat, the statistical … Continue reading
Unemployment in Germany vs Italy – Three lessons
Looking at sound economic growth in Germany and the long-lasting stagnation in Italy often raises the question of what is going on behind the scenes. Many Italian people ask themselves to whom or what should be blamed for, the government and policy makers, labour market reforms, education system or the culture? While the sluggish economy … Continue reading
Italian – Unemployment at record high and youth unemployment at 43.3 percent
Italy’s unemployment rate unexpectedly rose above 13 percent in October, setting a record as businesses refrain from hiring amid the country’s longest recession since World War II. The unemployment rate rose to 13.2 percent from a revised 12.9 percent the previous month, the Rome-based national statistics office Istat said in a preliminary report today. That’s … Continue reading
Singapore – Employment rate at record level
A Manpower Ministry report released on Friday (Nov 28) showed Singapore’s employment rate rose to an all-time high of 79.7 per cent this year – up slightly from the 79 per cent in 2013. The labour market saw an increase in women and older workers. Employees, especially low-wage workers, also drew higher salaries. More Singaporeans … Continue reading
Some skills should come before jobs, others develop with the job
To be clear from the onset: I will not oversimplify the unemployment (or inactivity) problem in the Western Balkan countries as solely due to a lack of skills in the population. Low employment rates result from both insufficient creation of jobs by enterprises and too-high a fraction of the workforce that is ill-equipped to take … Continue reading
US – A significant acceleration in the number of medium-wage jobs created
Earlier today, Deutsche Bank’s Torsten Slok sent out this chart (right), which shows job growth by level of wages. Here’s what he has to say: “…over the past year we have seen a significant acceleration in the number of medium-wage jobs created. The bottom line is that the labor market continues to tighten and it … Continue reading
US – 30% saying now is “a good time to find a quality job” Gallup finds
Americans’ perceptions of the job market are holding steady, with 30% saying now is “a good time to find a quality job,” matching the average since August. Although not positive on an absolute basis, that assessment is much brighter than was the case during periods of elevated unemployment from 2009 to 2012, including lows of … Continue reading
US – The job market seen by LinkedIn CEO
Just under 9 million Americans are classified as unemployed. More than double that amount are either stuck in part-time jobs or say they want a job but have given up actively looking. The three groups combined added up to 18.2 million people in October. The figures raises the question, “How effective of a job are … Continue reading
Germany – Unemployment rate to a record low
The Federal Statistical Office revised October’s unemployment number from 6.7% to 6.6%, November’s figure was also 6.6%. Both figures were adjusted for seasonal variation. Meanwhile inflation fell to its lowest rate in nearly five years in November. Official figures showed inflation dropped to 0.5% in November from 0.7% in October. Strong labour market The fall … Continue reading
Ireland – Employment increases 1.5% or 27,700 in a year (Q3)
There was an annual increase in employment of 1.5% or 27,700 in the year to the third quarter of 2014, bringing total employment to 1,926,900. This compares with an annual increase in employment of 1.7% in the previous quarter and an increase of 3.2% in the year to Q3 2013. Summary points for Q3 2014 … Continue reading
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