Job Market Monitor
Michel Cournoyer
UK – Employment prospects for 2012/13 first degree graduates has dramatically improved
Employment prospects for 2012/13 first degree graduates dramatically improved compared to 2011/12 graduates. The proportion of graduates working in professional and managerial jobs in the UK had increased and the unemployment rate decreased from 8.5% to 7.3%. Read more about the outcomes of 2012/13 graduates from six subject areas covering 28 subjects. Find out more about how mature graduates do in … Continue reading
Participation in US – Much, but not all, of the decline since 2007 is structural says FED research
Since 2007, the labor force participation rate has fallen from about 66 percent to about 63 percent. The sources of this decline have been widely debated among academics and policymakers, with some arguing that the participation rate is depressed due to weak labor demand while others argue that the decline was inevitable due to structural … Continue reading
US – Immigrant population (legal and illegal) hit a record 41.3 million according to the Census Bureau
The Census Bureau recently released some of the data from the 2013 American Community Survey (ACS). The data show that the nation’s immigrant population (legal and illegal) grew by 1.4 million from July 2010 to July 2013. The data also imply that 3.3 million new immigrants settled in the country in that same period. These … Continue reading
Skills Gap in US – 31 percent say employers aren’t willing to train new hires for the specific skills they need
In a new online survey of over 2,000 U.S. adults, conducted by Harris Poll on behalf of online business training software leader Mindflash, both employed and unemployed Americans believe that employers’ lack of willingness to train new employees is the leading reason why many Americans are unemployed and job opportunities are sitting unfilled for longer … Continue reading
Federal Minimum Wage in US – 62 months since the last increase and more facts
As the debate continues in Congress and in states, here are … numbers to help you understand what it means to be making the federal minimum wage, and why it’s long past time for an increase: 62 The number of months since the last minimum wage increase, in July 2009. 12 The number of months … Continue reading
Finland – The real unemployment rate is 12 percent says the Pellervo Economic Research Institute
Finland’s real unemployment rate would surpass 12 percent if the so-called “hidden unemployed” were to join the job market, according to a think tank researcher. The term hidden unemployed refers to unemployed persons who are not registered as actively looking for work. The rapid increase in the number of unemployed persons who’ve abandoned the search … Continue reading
Big changes are coming to the workplace Oxford Economics finds
Preparing for the 2020 workforce is critical to business strategy, growth, and performance. To understand the challenges and opportunities, Oxford Economics and SAP surveyed over 2,700 executives and more than 2,700 employees in 27 countries during the second quarter of 2014. Based on survey responses, this report shows that many companies lack the structure, strategy, … Continue reading
CEOs to Unskilled Workers Pay Ratio – Double what you think is ideal research finds
In their recent research, scheduled to be published in a forthcoming issue Perspectives on Psychological Science, Chulalongkorn University’s Sorapop Kiatpongsan and Harvard Business School’s Michael Norton investigate “what size gaps people desire” and whether those gaps are at all consistent among people from different countries and backgrounds. It turns out that most people, regardless of nationality or … Continue reading
US – Champion of low-paying jobs says OECD report
The U.S. has more low-paying jobs than any other country in the Organisation for Economic Co-operation and Development, an economic group of 34 developed countries, according to a research note released by Morgan Stanley on Monday. Economists Ellen Zentner and Paula Campbell based their analysis on the OECD Economic Outlook Report, which documents employment and … Continue reading
US – It is taking longer and longer to fill a job
With the size of the labor force shrinking, it’s no wonder that it is taking longer and longer to fill a job. Now Wanted Technologies, which analyzes online job postings from corporate sites, job boards, and elsewhere, found that for the most in-demand jobs, as determined by the number of ads posted online, job posting time … Continue reading
Dual labor markets in US – The decline in fluidity
Many people have assumed that most of the change has been happening within companies, as certain employees get disproportionately bigger paychecks. But a new study of U.S. incomes since the 1970s shows that most of the rise in inequality has been due to a greater spread in average earnings across companies. The researchers — Erling … Continue reading
Labor Shortages in Japan – 32.1% of compagnies had not been able to meet their April–June recruitment targets
In July 2014, Recruit Works Institute, the research division of the HR services giant Recruit Holdings, released a report on companies’ response to the tight labor market. The report was based on 1,000 responses to a June 20–24 nationwide Internet survey targeting people directly or indirectly involved in hiring at private businesses with 30 or … Continue reading
The Job Market in US – Full and Part Time: A chart
The chart below measures the net change in the number of full time, part time and the total number of jobs from that point through the present. Here, we see a large increase in the number of jobs during the official period of recession as the number of full time jobs plummeted, which coincides with … Continue reading
2,325 Billionaires, a record with $7.3 trillion in wealth
Billionaires make up 1% of the world’s ultra-high-net-worth population (net worth of $30 million or more), according to the Wealth-X and UBS Billionaire Census 2014, yet they control 4% of the world’s wealth. The global billionaire population grew to a record 2,325, up by 7% from the 2013 study, and is on track to increase … Continue reading
Canada – Age rather than gender becoming the new income divide finds the Conference Board
Canadians have become accustomed to tales of woe about the plight of young adults: rising tuition fees and crippling student debts; university graduates without jobs or unable to find anything more challenging than serving coffee; even those with good jobs and incomes stuck in their parents’ basements because of the high cost of housing. These … Continue reading
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