Job Market Monitor
Michel Cournoyer
Tech Worker in US – There is a shortage at the price big tech companies want to pay
You may have noticed that the big tech companies are agitating for an expansion of the H1B visa system whereby foreigners with certain tech skills can come and work in the US. You know, for big tech companies and the like. Easy issuance of green cards for those with those tech skills. It’s not an … Continue reading
Immigration in UK – 583,000 persons in the year ending June 2014, up from 502,000 in the previous 12 months
Net long-term migration to the UK was estimated to be 260,000 in the year ending June 2014, a statistically significant increase from 182,000 in the previous 12 months. While net migration has increased since the most recent low of 154,000 in the year ending September 2012, it remains below the peak of 320,000 in the … Continue reading
Job Growth in Canada – Contradictory data
According to StatsCan’s labour force survey, Canada created more than 117,000 jobs in the past two months, finally overcoming a long period of lacklustre job growth. Or did it? Another StatsCan survey — payroll employment, earnings and hours, released Thursday — shows Canada created zero net new jobs in September. In fact, it lost 600 … Continue reading
Shared Parental Leave in UK- One in five HR directors not ready
More than one in five (21%) HR directors admit they are not ready for the requirements of the shared parental leave legislation that comes into effect on 1 December, according to research by HCM solutions provider ADP. The Workforce View 2014/15 is the latest annual barometer of the views and attitudes of UK workers. It … Continue reading
Jobless Claims in US – Jump to 313,000, the highest level since the first week of September
The number of people seeking U.S. unemployment benefits jumped last week, pushing total applications above 300,000 for the first time in nearly three months. Weekly applications rose 21,000 to a seasonally adjusted 313,000, the Labor Department said Wednesday. That’s the highest level since the first week of September. The four-week average, a less volatile measure, … Continue reading
Ireland – The proportion of families lacking one or more basic goods or services rose by almost one third
A SIX YEAR ESRI study involving almost 20,000 children has detailed the dramatic effect the recession has had on the economic vulnerability of families. The Growing up in Ireland study has continued interviewing two different groups of children, one of which was born in 1998 and the other in 2008. Both groups and their parents … Continue reading
Connected to the Workplace – Telepressure
“So the dad constantly texting coworkers from the sideline of a youth soccer game, the multitasking mom firing off work e-mails over Saturday morning breakfast and the steadfast employee sleeping with his company-issued smartphone by his pillow – these behaviours all point to the psychological state of workplace telepressure,” says Northern Illinois University, whose psych … Continue reading
Hewlett-Packard (HP) – More layoffs to come
HP has laid off 41,000 people (with about 9,000 people left to go) under its current downsizing plan for 2014. On Tuesday, the company hinted that more layoffs could be coming with its plans to separate itself into two huge companies. During its quarterly conference call, Wall Street analysts asked for details about HP’s plans … Continue reading
Korea – Government to ease rules for layoffs
The government is considering easing rules for layoffs and overhauling pay systems to ease the plight of non-regular workers. Since any changes are likely to come at the cost of regular workers’ rights, it will certainly entail a major union backlash. “Without reform in the labor market, it isn’t easy to continue creating decent jobs. … Continue reading
Skills Mismatch in Europe – Between 25 and 45 per cent of workers in Europe are either over – or under-qualified says ILO
Between 25 and 45 per cent of workers in Europe are either over – or under-qualified for their job, leading to a substantial mismatch between supply and demand in the labour market, a new ILO study says. Covering 24 European countries, the study shows that mismatches between workers’ competences and what is required by their … Continue reading
Population aging could have effects that are positive study says
In this paper, we addressed the important question of how selected areas of life will be affected as populations grow older and smaller. We used the case of Germany, a country that is at a relatively advanced stage of the demographic transition, to study the potential long-run implications of population aging. In the decades prior … Continue reading
Sexual Harassment in the Restaurant Industry in US – Two-thirds of women and half of men surveyed had experienced some form
With more than 11 million employees, the restaurant industry is one of the largest and fastest growing economic sectors in the country. It is also the single-largest source of sexual-harassment charges filed by women with the Equal Employment Opportunity Commission (EEOC). Women occupy most of the financially precarious restaurant jobs; more than 70% of servers … Continue reading
Can growth alone tackle unemployment? No, fiscal policy must be as growth-friendly as possible
Can growth alone tackle unemployment? Evidence is summarized in Figure 2, which shows the growth-jobs nexus using two alternate measure of the state of labor markets, the unemployment rate and the growth rate of employment. The left panel of Figure 2 shows that, among advanced economies on average, unemployment falls by a third of a … Continue reading
The Gender Gap in US – Historically low between young male and female workers but growing
The wage gap between young male and female workers is historically low. The wage gap between young male and female workers is growing. Yes, both things can be true at the same time. Intergenerational economic inequality is declining: The gap between male and female wages among Millennials is lower than it was among boomers or … Continue reading
EI in Canada, September 2014 – 494,400 Benefits recipients, little changed from the previous month
The number of people receiving regular Employment Insurance (EI) benefits in September was 494,400, little changed from the previous month. Compared with September 2013, the number of beneficiaries decreased by 18,000 or 3.5%. Ontario was the only province with a notable decline in September, while there were more people receiving regular benefits in British Columbia, Saskatchewan, Quebec and Manitoba. There … Continue reading
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