Job Market Monitor
Michel Cournoyer
Australia – Unemployment and poor health are linked says the Australian Chamber of Commerce and Industry’s CEO
The Australian Chamber of Commerce and Industry has called on government, business and the wider community to make an extra effort in lifting the participation of marginalised groups into training or work, particularly the young. In a joint address to the National Press Club focussed on the social determinants of health, ACCI CEO, Kate Carnell, … Continue reading
Youth unemployment – Education not providing young people with appropriate skills says Pauline Rose
[Youth unemployment] main cause is that education systems are not providing young people withappropriate skills and this starts at the most basic level. Our 2012 report shows that there are 200m young people who weren’t even completing primary school. Our current report states that 175m young people can’t even read a single sentence, of those … Continue reading
Europe – The recession is really a depression
Eurozone GDP still hasnt gotten back to its 2007 level, and doesnt look like it will anytime soon. Indeed, it already wasnt clear if its last recession was even over before we found out the eurozone had stopped growing again in the second quarter. And not even Germany has been immune: its GDP just fell 0.2 percent … Continue reading
Work Sharing in the US
Short-time compensation (STC) is a program within the federal-state unemployment insurance system. In states that have STC programs, workers whose hours are reduced under a formal work sharing plan may be compensated with STC, which is a regular unemployment benefit that has been pro-rated for the partial work reduction. Although the terms work sharing and … Continue reading
Job Vacancy in May 2014 in Canada – 5.8 Unemployed people for every job vacancy
In May, there were 5.8 unemployed people for every job vacancy, down from 6.3 a year earlier, mostly a result of fewer unemployed people. There were 240,000 job vacancies among Canadian businesses, relatively unchanged from May 2013. The national job vacancy rate was 1.6% in May, little changed from 12 months earlier. via The Daily — Job vacancies in brief, three-month average ending in May 2014.
US – Misconceptions about long-term unemployment
Misconception: The problem isn’t really that bad At the time of writing, there were 3.2 million long-term unemployed in the U.S. accounting for 32.9 percent of the labor force. We mentioned earlier that this was historically high — even higher than peaks recorded following earlier economic crises — but the graph above should illustrate how … Continue reading
Participation in the US – The decline
Ageing and the workforce The largest single factor behind the decline is the ageing of the population. In order to understand how an ageing population affects overall labour force participation, it is helpful to look at the participation rates of different age groups. Figures 2 and 3 show the participation rate profiles for men and … Continue reading
Skills Gap – Most evident in retail trade and restaurants
Floyd Norris has an interesting column comparing the numbers of job openings, hirings, and quits from 2007 with the most recent three months in 2014. The most striking part of the story is that reported openings are up by 2.1 percent from 2007, while hirings are still down by 7.5 percent. While Norris doesn’t make … Continue reading
Top 10 Skills that usually aren’t taught at school
10. Computer Science With all the emphasis on learning to code these days, it’s hard to believe most schools aren’t teaching computer science. 9. Speed Reading Being a speed reader doesn’t make you a genius or necessarily help you truly comprehend books more than everyone else, but speed reading techniques can still be useful to … Continue reading
Economics 101 – The three types of unemployment
Economists often refer to three types of unemployment: “frictional”, “cyclical” and “structural”. Cold-hearted economists are not too worried about the first two, which refer to people moving between jobs and those temporarily laid-off during a downturn. The third kind refers to people who are excluded—perhaps permanently—from the labour market. In econo-speak, structural unemployment refers to … Continue reading
Over-65s in UK – More than one million are working
The number of employees over the age of 65 has jumped 36% to 1.09 million since 2010, according to research by Saga. The Coalition abolished the default retirement age of 65 when it came to power, which has led to the proportion of over-65s in the workforce increasing from 3.4% to 3.6% over the past … Continue reading
Job Search in US – Find a Job Center
American Job Centers can help you look for work and offer classes like resume writing. Many states offer business services to help employers hire, retain and train workers. via America’s Service Locator: Find an American Job Center.
Cisco – To cut 6,000 jobs
Cisco will cut its worldwide staff by 6,000 in the coming months as it battles against slow growth, particularly in emerging markets, where the demand for high-end switches and routers don’t have such high demand. The company hasn’t revealed which roles will be affected, nor in which territories, but it says the action had to … Continue reading
Deere – To cut over 600 factory jobs
Agricultural machinery maker Deere & Co. (DE: Quote) said it would reduce the size of its manufacturing workforce at some agricultural equipment factories in response to current market demand for its products. The action would place more than 600 employees at four locations on indefinite layoff. via Deere To Cut Over 600 Factory Jobs At … Continue reading
The True July Job Report for Canada – Employment rose by 42,000 and unemployment at 7.0%
Employment rose by 42,000 in July, the result of an increase in part-time work (+60,000). The unemployment rate declined 0.1 percentage points to 7.0%. In the 12 months to July, employment increased by 157,000 or 0.9%, with most of the growth in part-time work. The total hours worked were up slightly (+0.3%) compared with July 2013. Chart 1 Employment In July, employment increased among people aged 25 to 54 and youths … Continue reading
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