Job Market Monitor
Michel Cournoyer
UPS – To Hire up to 95,000 seasonal workers
UPS plans to hire up to 95,000 seasonal workers to help with package deliveries during the busy holiday season. The Atlanta company said Tuesday that the positions will include package sorters, loaders, delivery helpers and drivers. The company did not immediately say how the hiring compares with previous years. Last year, a last-minute surge in … Continue reading
Young US Scientists – Too few university jobs
In the United States, more than 40,000 temporary employees known as postdoctoral research fellows are doing science at a bargain price. And most postdocs are being trained for jobs that don’t actually exist. Academic institutions graduate an overabundance of biomedical Ph.D.s — and this imbalance is only getting worse, as research funding from the National … Continue reading
The Social Media Skills Gap – Millennials might not be the answer
Most companies naturally recruit millennials to fill positions that rely heavily on hopscotching through the digital social realm. That’s a mistake, says William Ward, Ph.D., because many digital natives used Facebook, Instagram, Twitter, and the like, strictly for maintaining connections to friends. In fact, one in ten young people are rejected from a job because … Continue reading
Job Quality in Europe – Groups with multiple disadvantages
This report, based on data from the fifth European Working Conditions Survey (EWCS), aims at identifying occupations in Europe that have multiple disadvantages, thereby making it difficult for people to stay in these jobs. Occupations where job quality is consistently low are labelled ‘occupations with multiple disadvantages’. These occupations score relatively poorly on all four … Continue reading
Workfare in US – Rules suspended during recession are coming back
In the coming months, food stamp work requirements suspended during the Great Recession will be reinstated in at least 17 states, jeopardizing benefits for hundreds of thousands of Americans.In those states, work requirements will be back in place for able-bodied adults who are 18 to 50 years old and have no children. It’s possible the … Continue reading
Work-Life Balance around the World
Global management consulting firm Hay Group has delved into its database of employee surveys to explore how people feel about their work/life balance as well as the support they receive from employers. More than two-thirds (39%) of respondents don’t believe they have a good balance between their work and personal lives. Above: Responses to the … Continue reading
The Grad Job Market in UK – Not fully recovered despite drop in unemployment
The recent annual Destination of Leavers of Higher Education survey confirmed that graduates who left university last summer entered a rather better jobs market than their peers from the year before. As the Higher Education Statistics Agency (HESA) shows with this chart, the overall employment rate for UK and EU graduates from a full-time first … Continue reading
Deadliest Jobs in US – A good number are outdoors
A good number of the deadliest jobs in the US are done outdoors. Logging, fishing, farming, and construction are just a few of the jobs that are far more deadly than the national rate, of 3.2 deaths per 100,000 full-time-equivalent workers. [Below] are the 11 job categories with the highest fatal injury rates among all the … Continue reading
The world’s 300 largest pension funds – Total assets grew by over 6% in 2013
Total assets of the world’s largest 300 pension funds grew by over 6% in 2013 (compared to around 10% in 2012) to reach a new high of almost US$15 trillion (up from US$14 trillion in 2012). The P&I / Towers Watson global 300 research is conducted in conjunction with Pensions & Investments, a leading US … Continue reading
Job Search in US – It has changed in the aftermath of the Great Recession
The proportion of unemployed individuals who spent some time on an average day searching for a job increased from 20 percent to 24 percent after the recession. However, and perhaps surprisingly, among those unemployed who did search, the average time spent on job search looked very similar in the five years on either side of … Continue reading
US – Disentangling poverty and unemployment
Historically, the poverty rate has moved with the unemployment rate. Since 1970, in fact, the official poverty rate has spiked during each recession. Intuitively, this makes sense—if you lose your job, then you lose access to a steady stream of income. When you find a new job—as people are wont to do in the recovery … Continue reading
Greece – Alpha Bank to cut 15 percent of jobs
Alpha Bank, Greece’s fourth biggest lender, opened a voluntary redundancy offer on Monday with a view to cutting 15 percent of its workforce to cut costs under a restructuring plan approved by the EU Commission, an official at the bank said on Monday. All four of Greece’s top banks have been restructuring but Alpha’s bigger … Continue reading
South Korea – Unemployment up at 3.5 per cent in August
South Korea’s unemployment rate inched up in August as agriculture and banking sectors continued shedding jobs, government data showed on Friday (Sep 12). The seasonally adjusted jobless rate rose to 3.5 per cent, up from the previous month’s 3.4 per cent, Statistics Korea said. via S Korea unemployment inches up in August – Channel NewsAsia.
Displaced Workers in US – From January 2011 through December 2013, 4.3 million workers were displaced from jobs
From January 2011 through December 2013, 4.3 million workers were displaced from jobs they had held for at least 3 years, the U.S. Bureau of Labor Statistics… This was down from 6.1 million workers for the prior survey period covering January 2009 to December 2011. In January 2014, 61 percent of workers displaced from 2011 … Continue reading
Canada – Labour productivity rose 1.8% in Q2
Labour productivity of Canadian businesses rose 1.8% in the second quarter, after edging down 0.1% in the first quarter… In the United States, labour productivity of American businesses rose 0.6% in the second quarter, following a 1.3% decline in the first quarter. For Canadian businesses, labour costs per unit of production increased 0.3% in the second quarter, one-third of the … Continue reading
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