Job Market Monitor
Michel Cournoyer
10 myths about migration in Europe
Writers from the Guardian, Le Monde, El País, Süddeutsche Zeitung and La Stampa address some common claims about migration and assess whether they are true in their country. ‘They are taking our jobs’ ‘They deplete welfare budgets’ ‘They don’t integrate’ ‘They come here illegally’ ‘Where there are immigrants you’ll find crime’ ‘They dilute our values’ … Continue reading
A Career in Finance – For school leavers ?
What advice would you give to a school leaver interested in a career in finance who is unsure of whether or not to go to university? There are a lot of routes into a career in finance and a degree is just one of them. It’s certainly no longer the only option. Many of the … Continue reading
Grads in Canada – The expectation gap
Too many young people flounder around the margins of their chosen field, bouncing from unpaid internship to short term contract to coffee shop job. Youth unemployment continues to hover stubbornly around 13 per cent, only 2 per cent lower than its peak during the recession and double the national average. And the unemployment rate doesn’t … Continue reading
Swedbank – To reduce staff by 600-800 employees
Swedbank, the first large Nordic bank to report third-quarter earnings, aims to cut costs to 16 billion Swedish crowns (2.23 billion US dollar) by 2016 from a projected 17.6 billion in 2014. That includes reducing staff by 600-800 employees in Sweden, around 5 percent of total staff. “The door for new recruits will essentially be … Continue reading
Minimum Wage in US – Raising the federal minimum would save safety net programs billions
This issue brief examines the use of public assistance programs by low-wage workers and assesses how raising the federal minimum wage to $10.10 over three years—as proposed by the Fair Minimum Wage Act of 2014, a bill introduced by Sen. Tom Harkin (D-Iowa) and Rep. George Miller (D-Calif.)—could affect utilization rates, benefit amounts, and government … Continue reading
UK – Royal Mail Hiring 19,000 Seasonal Workers for Christmas
UK postal giant Royal Mail plans to hire around 19,000 seasonal workers to help sort its Christmas mailbag. The employer, which was privatised in late 2013, said temporary positions across a variety of shifts will be available between mid-November and early January 2015 and that the peak of the additional temporary work will be in … Continue reading
US – Amazon announces 80,000 seasonal jobs
Mike Roth, the vice president of North America operations, Amazon.com, said, “So far this year, we have converted more than 10,000 seasonal employees in the US into regular, full-time roles and we’re looking forward to converting thousands more across our growing network of fulfillment and sortation centers after this holiday season.” “We’re excited to be … Continue reading
Monetary Policy in US – Underutilization of labor worse than the official statistics suggest
Federal Reserve policy makers are missing a key element as they assess the health of the labor market: data that includes whether those who are employed are overqualified for their job or would like to work more hours. As a result, the “significant underutilization of labor resources” that Fed officials highlighted last month as they … Continue reading
Unemployment in US – The largest drop in the rate between a presidential and midterm elections on records
Midterm elections often end up serving as a referendum on the president’s performance. Given this, I’ve been surprised not to hear Democrats more aggressively trumpeting the improving economy. After all, the unemployment rate has fallen by two percentage points since the last election, and at 5.9 percentage points it is far lower than many had … Continue reading
Job Report in US – Total nonfarm payroll employment increased by 248,000 in September and unemployment down at 5.9 percent
Total nonfarm payroll employment increased by 248,000 in September, and the unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care. Household Survey Data In September, the unemployment rate declined by 0.2 percentage point to 5.9 percent. The number … Continue reading
People and Households Without a Private Pension in Great Britain: 45% of men and 49% of women
Key points For those below retirement age, 45% of men and 49% of women in Great Britain did not have any private pension savings in 2010-2012. 95% of men and women working in Accommodation and food service industries did not pay into a private pension in the UK in 2012. In ‘Public administration, defence and … Continue reading
UK Chief Medical Officer’s report: 70 million working days lost to mental illness last year and £70 to £100 billion cost to the economy
Chief Medical Officer’s report: the rising number of working days lost to mental illness creates personal suffering and costs the economy. The rising number of working days lost to mental illness creates huge personal suffering and huge costs to the economy. We need to do more to help people with mental illness stay in work, … Continue reading
Poverty in the United States in 2013 – A Congressional Research Service (CRS) Report
In 2013, 45.3 million people were counted as poor in the United States under the official poverty measure—a number statistically unchanged from the 46.5 million people estimated as poor in 2012. The poverty rate, or percent of the population considered poor under the official definition, was reported at 14.5% in 2013, a statistically significant drop … Continue reading
Times Higher Education World University Rankings 2014-2015 is out!
Evidence is emerging of a decline in the power of US universities in the Times Higher Education World University Rankings 2014-2015, despite the California Institute of Technology’s claim on the top spot for the fourth consecutive year. The West Coast institution heads a top 10 for 2014-15 that still consists almost entirely of US-based universities, … Continue reading
Hours of Work in US – 32% Work 45 or more hours compared with 18% in Germany, and 4% in France
American employees put in longer workweeks than Europeans. They are also more likely to work at undesirable times, such as nights and weekends. This column argues that the phenomena of long hours and strange hours are related. One possibility for this is cultural – Americans simply enjoy working at strange times. Another, more probable explanation, … Continue reading
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