Job Market Monitor
Michel Cournoyer
Canada – More young workers give up hope says the Canadian Labour Congress
Despite the positive signs in the most recent labour force survey from Statistics Canada, the picture for the next generation remains bleak. “Last month, another 26,000 young workers gave up looking for a job and left the labour market. If you look at the jobs that our economy has created for these young people over … Continue reading
US – The unemployment rate isn’t the only, or even necessarily the best, indicator
Every month, the Bureau of Labor Statistics releases a flood of data about employment and unemployment in the previous month. And every month, the lion’s share of the attention goes to one figure — the unemployment rate — as an indicator of where the U.S. economy stands. Today, for instance, the BLS said unemployment last … Continue reading
Wages in US – Where are the raises?
After all, according to the Dallas Fed, wages should accelerate once unemployment falls below 6.1 percent. Well, the problem, as economists David Blanchflower and Adam Posen point out, is that there’s still a lot of shadow unemployment right now. That includes people who aren’t just officially jobless, but those who are either too discouraged to look … Continue reading
Google Hire Spree – 30,000 more workers in California
Google may be on course to expand its already large workforce in the San Francisco area by 30,000 more people. With more and more property being leased and bought, Phil Mahoney, a broker with commercial realty firm Cornish & Carey, said,”I’ve never seen anything like this sort of expansion from any one company.” via Google’s … Continue reading
Job Search: Resume Writing – Don’t limit yourself to paper
As an out-of-town job seeker based in Chicago, Stephanie Florence knew in 2011 that in order to land a job in New York City — nearly 900 miles away — her resume would have to go the extra mile, too. “My competition would be able to interview on lunch breaks,” says the Midtown resident, now … Continue reading
US – The October Jobs Report in charts
The unemployment rate fell to 5.8%, its lowest level since 2008. The number of Americans in the labor force ticked up slightly from the previous month. And the employment-to-population ratio, a measure of the share of Americans who are working, rose slightly to a five-year high. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
US – Life in the unemployment capital: the case of Yuma
Yuma: A 28.2-percent unemployment rate is outlandishly high. Even in bankrupt and blighted Detroit, the rate was 7.9 percent in August. Among the metro areas whose numbers the Labor Department tracks, there is Yuma, there is El Centro (just 60 miles away in California), and then there is every other city in the nation. Chosen excerpts … Continue reading
The Highly Educated Cities in US – Higher wage growth for both low- and high-skill workers and substantially larger increases in housing costs
Over the past three decades, the earnings of workers with a college education have substantially increased relative to those with less education. In 1980, the average college graduate earned 38% more than the average high school graduate. By 2000, the college-high school graduate wage gap increased to 57%, and by 2011 it rose to 73%. At the same … Continue reading
Employment in the Arab World – The demographic “youth bulge” represents one of the greatest opportunities, as well as one of the greatest challenges
The demographic “youth bulge” represents one of the greatest opportunities, as well as one of the greatest challenges, faced by the Arab World. With more than half of its population under 25 years old and the world’s highest regional youth unemployment rate, the Middle East and North Africa region stands at a critical juncture. This … Continue reading
Canada – The best and worst place to be a woman
This study reveals the best and worst places to be a woman in Canada. It ranks Canada’s 20 largest metropolitan areas based on a comparison of how men and women are faring in five areas: economic security, leadership, health, personal security, and education. Among the study’s key findings is the fact that Canada’s big three … Continue reading
Youth Unemployment in Indonesia – 22% of the 15-24 years
Youth unemployment in Indonesia is alarmingly high – 22% of Indonesians between 15 and 24 years old cannot find a job. There is pressure on the newly installed Widodo government to provide more jobs for youths in labour-intensive sectors. Vocational school students in Indonesia play an important role in providing growth in the country’s manufacturing … Continue reading
Canada – Employment rose for the second consecutive month, up 43,000 in October, UR at 6.5%, the lowest rate since November 2008
Employment rose for the second consecutive month, up 43,000 in October. This pushed the unemployment rate down 0.3 percentage points to 6.5%, the lowest rate since November 2008. In the 12 months to October, employment rose by 182,000 (+1.0%), with the growth in September and October of this year accounting for two-thirds of this increase. Compared with October 2013, part-time employment rose by 101,000 (+3.0%) and full-time employment … Continue reading
US – Total nonfarm payroll employment rose by 214,000 in October, UR at 5.8 percent
Total nonfarm payroll employment rose by 214,000 in October, and the unemployment rate edged down to 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, retail trade, and health care. Household Survey Data Both the unemployment rate (5.8 percent) and the number of unemployed persons (9.0 … Continue reading
US – The second stretch of economic expansion in a row that has come with little to no growth in real wages
The private sector has now added 10.3 million jobs for 55 straight months, the longest streak on record. Today’s report is all but certain to show tens of thousands more jobs added in October, pushing the streak still further. But wages over that period have barely outpaced the rate of inflation, making this the second … Continue reading
Canada – University graduates with lower levels of literacy and numeracy skills, 2012
In 2012, more than a quarter of university graduates in Canada aged 25 to 65 had a literacy score at the second level or below (out of five levels) in a survey on adult competencies led by the Organisation for Economic Co-operation and Development (OECD). The survey, which was part of the OECD Programme for the International Assessment of Adult … Continue reading
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