Job Market Monitor
Michel Cournoyer
Youth in Canada – The bigger issue is underemployment says the Broadbent Institute
As of October, 2014, the youth unemployment rate was still 12.6%, well over double the adult rate, and the youth employment rate (the proportion of the age group 15 to 24 holding any kind of a job) was 56.5%, still down a full three percentage points from 2008. The bigger issue is underemployment. Far too … Continue reading
Jobseeker Allowance (JSA) in UK – 500,000 sanctioned recipients ‘disappeared’
Hundreds of thousands of jobseekers could have ‘disappeared’ from official unemployment figures after having their benefit payments docked, figures suggest. According to research from the University of Oxford, up to 500,000 unemployed people closed their Jobseeker’s Allowance (JSA) claim soon after being sanctioned by the DWP. Rather than moving into employment, these people are simply … Continue reading
Australia – The Unemployment Union myth-busting
Australia’s inhumane welfare system is based on a number of Myth: Click on the links below and help us BUST THE 10 MYTHS that prop up our unfair Welfare system. MYTH #1: “The Australian government spends too much on welfare“ MYTH #2: “Australia spends too much on Unemployment benefits” MYTH #3: “Newstart is a temporary payment“ MYTH #4: “In Australia, anyone can get a job if they try … Continue reading
The Quits Rate in US – The highest number since April 2008
Another encouraging sign that the job market is healing: lots of people are writing resignation letters. 2.8 million Americans quit their jobs in September — that’s 300,000 more than in August and the highest number since April 2008. The quits rate — the number of people leaving their jobs as a share of all workers … Continue reading
Minimum wage hike in New Brunswick – May cause layoffs says the Canadian Federation of Independent Business
An upcoming increase to the minimum wage in New Brunswick may force business owners to reduce hours or lay off employees, according to the Canadian Federation of Independent Business. “Businesses in New Brunswick right now are not exactly rolling in dough and they have to make some very ugly choices,” said Dan Kelly, the CFIB’s … Continue reading
Skills Gap in Cyber Security in UK – Half of firms would hire hackers and ex-convicts
Increasingly worried about the state of their cyber security, and unable to hire or retain specialist staff, U.K. firms are looking to hire hackers and ex-convicts in a desperate bid to secure their networks. In a report released Monday, KPMG said that over the past two years it has become increasingly difficult to find and … Continue reading
Labor force participation among young moms and dads in US – Mothers are working a greater portion of the year
Over the past four decades, the labor force has changed dramatically. Women’s labor market participation rates have risen, and women are increasingly working throughout their adult lives. One consequence of these changes is that men’s and women’s roles have been converging, with men taking a more active role at home, doing a greater share of … Continue reading
US – All recessions the same for husbands losing job and wives
Earlier research showed an added-worker effect for wives when their husbands stopped working during the Great Recession (December 2007–June 2009) but not when husbands stopped working in recent years of prosperity (2004–2005). By including one recession per decade for the 1980s, 1990s, and 2000s, this article builds upon that research by using Current Population Survey … Continue reading
US – Long-Term Unemployed in March 2007 and March 2014
The recent recession and slow recovery led to a high rate of long-term unemployment, which is defined as being out of work for more than 26 consecutive weeks. That rate peaked at 4.3 percent in the second quarter of calendar year 2010 and has fallen considerably since then. It was 2.4 percent in March 2014 … Continue reading
UK – 12.4% or 1 in 8, were born abroad in 2013, 8.9% in 2004 finds ONS
This article outlines the latest population estimates for the UK by country of birth and nationality, covering the period from 2004 up to the latest data for the year ending December 2013. The report discusses how these figures have changed over this period and highlights any statistically significant changes over the past two years in … Continue reading
Education in Spain – Dropout rate highest in EU
Spain’s early school leaving (ESL) rate has consistently fallen in recent years as employment options become extremely scarce, but remains nearly twice the EU average, at 23.6 percent in 2013. That’s down from 24.7 percent in 2012, but still way off the national target of 15 percent and still the highest in the EU, the … Continue reading
There is little difference in workplace preferences between millennials, Generation Xers and baby boomers study finds
Designing the office of the future? Don’t plan it around (what you think you know about) U.S. millennials. The study, based on aggregated CBRE Workplace Strategy surveys from more than 5,500 office workers across numerous industries, found that while current assumptions about millennials are driving the design of many workplaces today, there is actually little … Continue reading
ABN Amro – To cut up to 1,000 jobs
ABN Amro Group NV, the state-owned Dutch lender preparing for a share sale next year, will cut as many as 1,000 jobs by 2018 and shrink its branch network as customers move to banking on their phones. via ABN Amro to Cut Up to 1,000 Jobs in Consumer Bank by 2018 – Bloomberg.
LinkedIn – The most memorable posts of 2014
via Most Memorable LinkedIn Posts of 2014.
Canada – 30 per cent agree that immigrants take jobs from Canadians survey finds
Canadians have conflicted thoughts about immigrants when it comes to their roles in society and the workforce, according to a CBC News survey designed to capture attitudes on discrimination. Statistics Canada figures indicate there were 6.8 million foreign-born residents in Canada as of 2011. That represents 20.6 per cent of the population, giving Canada the highest proportion of foreign-born … Continue reading
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