Job Market Monitor
Michel Cournoyer
Europe – Fewer people outside the labour force in 2013
This statistical article analyses the economically inactive population, i.e. the population that is neither employed nor unemployed. Since 2002 and despite the economic crisis, the share of the inactive population in the total population of working age has fallen from 31.4 % to 28.0 % in the EU-28 (see Figure 1). This corresponds to a reduction of … Continue reading
Child Poverty around the World – Up in more than half of developed world since 2008 Unicef finds
Unicef report finds number of children entering poverty during global recession is 2.6 million greater than number lifted out of it. Child poverty has increased in 23 countries in the developed world since the start of the global recession in 2008, potentially trapping a generation in a life of material deprivation and reduced prospects. A … Continue reading
Well-Being since 1820 – An OECD study
How was life in 1820, and how has it improved since then? What are the long-term trends in global well-being? Views on social progress since the Industrial Revolution are largely based on historical national accounting in the tradition of Kuznets and Maddison. But trends in real GDP per capita may not fully reflect changes in … Continue reading
Careers Guidance in STEM in UK – More than half of 14 to 16-year-olds interested knew very little about these jobs
While enthusiasm for science, technology, engineering and maths, remains high among school pupils, lack of careers guidance means few young people continue into industry. Britain is facing a skills “crisis” as not enough is being done to encourage young people into STEM related careers, despite there being enthusiasm for the subjects, according to new research. … Continue reading
Lloyds Bank – Profits up by 41% and 9,000 layoffs
The Lloyds Bank results are out this morning: Profits in the third quarter are up an impressive 41%, but Britain’s second-biggest bank is laying off 9,000 employees and closing 150 branches. via Analysts On 9,000 Layoffs By Lloyds Bank – Business Insider.
Air France-KLM – To cut 7,500 jobs
The Dutch arm of Air France-KLM (AIRF.PA) plans to cut its workforce by 7,500 jobs, or 25 percent, largely through outsourcing, a Dutch daily newspaper reported on Tuesday. The measure is expected to be announced at the release of quarterly earnings by the French-Dutch carrier on Wednesday, the Algemeen Dagblad said, citing the head of … Continue reading
Australia – The most dangerous jobs
Using data from 2012 Australia’s top 10 most dangerous jobs were identified by a life insurance comparisons website and some of the professions with the highest risk aren’t what you might expect. Chosen excerpts by Job Market Monitor. Read the whole story at The Most Dangerous Jobs In Australia – Business Insider.
Kohl’s – 67,000 hirings to come this holiday season
Kohl’s Department Stores of Menominee Falls, Wis. announced it anticipates hiring more than 67,000 associates nationwide this holiday season to support seasonal business in stores and growth on Kohls.com. Chosen excerpts by Job Market Monitor. Read the whole story at Kohl’s plans to hire 67,000 associates this holiday season, averaging 50 per store.
Quebec – More vocational training needed ? (audio)
The Quebec economy needs skilled workers, and we are not training enough of them. Are we too focused on university? Should the next generation opt for vocational training instead? Click on the image to get to the audio file: via Would more vocational training lead to a stronger economy? – CBC News – Latest … Continue reading
China – An increase in the minimum wage leads to a small decline in employment research finds
Our study is the first to use data on minimum wage changes for over 2400 counties in China. We combine the information on minimum wages changes with employment data from the Annual Survey of Industrial Firms, which covers over 70 percent of China’s manufacturing employment. While China instituted a minimum wage system in 1994, enforcement … Continue reading
Wages in US – 50% make less than $28,031 a year
The Social Security Administration has just released wage statistics for 2013, and the numbers are startling. Last year, 50 percent of all American workers made less than $28,031, and 39 percent of all American workers made less than $20,000. If you worked a full-time job at $10 an hour all year long with two weeks … Continue reading
Monetary policy and inequality in the US – The links
Possible channels linking monetary policy and inequality Proponents of this view focus on two channels through which monetary policy affects inequality. Heterogeneity in income sources While most households rely predominantly on labour incomes, for others financial income, business income, or transfers may be more important. If expansionary policy raises profits by more than wages, wealth … Continue reading
Alitalia – To cut 1,000 jobs
Italy’s largest airline Alitalia could cut up to 1,000 jobs, according to reports this weekend by Italian news agency Adnkronos. The agency cited a document signed by the airline’s management and several unions which states the airline will cut 879 ground crew, 61 pilots and 54 air stewards. The report suggests employees with receive letters of … Continue reading
Canada – The job market is on a weakening trend
Canadian Prime Minister Stephen Harper may be losing one of his political trump cards — his record on the economy — just when he needs it most. Canada’s job growth, among the strongest in the industrialized world after the global recession, has slowed by about half one year before the country’s next election, even as … Continue reading
US – For years, the fast food industry has created jobs at a faster rate than the rest of the economy
Since the recession ended, we’ve seen a troublingly uneven recovery, in which many of the middle-income jobs lost from 2008 to 2010 have been replaced by low-wage jobs. And fast food jobs are a large reason why, outpacing the country’s overall job growth. “Fast food is driving the bulk of the job growth at the … Continue reading
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