Job Market Monitor
Michel Cournoyer
US – Obama to sign bill improving worker training
On Tuesday, President Obama and Vice President Biden will announce new executive actions on job training at the signing of the Workforce Innovation and Opportunity Act Congress and the President have finally found some common ground: Obama will sign the first significant legislative job training reform effort in nearly a decade on Tuesday. The Workforce … Continue reading
Canada – 6.1 unemployed people for every job vacancy in April
In April, there were 227,000 job vacancies among Canadian businesses, little changed compared with April 2013. There were 6.1 unemployed people for every job vacancy, also little changed compared with one year earlier. via The Daily — Job vacancies in brief, three-month average ending in April 2014.
European Union – Access to middle-skilled work for newly arrived migrants
Over the past 15 years, migration in Europe has changed considerably. The economic boom in the early and mid-2000s and expanded mobility owing to European Union enlargement helped create new populations of migrants from both within and beyond the European Union. These recent migrants are more educated than earlier arrivals and many are highly skilled. Against the backdrop of the … Continue reading
Canada – Shifts to onshoring and no shortage of workers in Canada reports KPMG
For the past eight years, manufacturers in Canada have been fighting an uphill battle. From the downturn of the US economy and the rising Canadian dollar, to skilled labour challenges and off-shoring trends – manufacturing here has faced tough headwinds. Today, times are finally moving in a direction that helps rather than hinders manufacturers, according … Continue reading
Job Search with LinkedIn – Getting recommendations
The best way to obtain high quality LinkedIn recommendations is to treat them similarly to obtaining formal recommendation letters: Contact only those people who know you well and can provide specific examples of your strengths and differentiators. For each person you ask to write a LinkedIn recommendation, provide them with three skills that you’d like … Continue reading
US – 250,000 more engineers over the next 10 years will be needed
The United States will need nearly 250,000 more engineers over the next 10 years to work in high-growth sectors and industries such as oil and gas, aerospace, and renewable energy, with employers to make more than a third of new engineering jobs available in metropolitan areas such as Houston, Los Angeles, and Washington, D.C. That … Continue reading
India – Industrial jobs needed says economist Pranab Bardhan
Eminent economist Pranab Bardhan today said the country requires a massive labour-intensive industrialisation to create more opportunities. “I am in favour of labour law reforms. The new government has already taken steps to change it but I think the country needs massive labour-intensive industrialisation,” Bardhan, professor Emeritus of Economics at the University of California, Berkeley … Continue reading
Allergan – To cut about 1,500 jobs
Allergan Inc., the maker of the wrinkle remover Botox, will cut 1,500 jobs and eliminate another 250 vacant positions as it tries to fend off a hostile takeover from Valeant Pharmaceuticals International Inc. The job cuts, representing 13 percent of Allergan’s global workforce, and further restructuring will lead to savings of about $475 million next … Continue reading
Disabilities – ‘We haven’t found a disability we can’t employ’ says former senior vice-president at US retailer Walgreens
“Let me tell you a story,” says Randy Lewis, former senior vice-president at US retailer Walgreens, in a Texan drawl. And it’s quite a story. It’s the tale of how a man who led logistics at America’s largest drug-store chain, supporting it as it grew from 1,600 to 8,000 outlets with the most advanced … Continue reading
Minimum Wages in US – Jobs grew faster in the 13 states that boosted their minimums at the beginning of the year
In the 13 states that boosted their minimums at the beginning of the year, the number of jobs grew an average of 0.85 percent from January through June. The average for the other 37 states was 0.61 percent. Nine of the 13 states increased their minimum wages automatically in line with inflation: Arizona, Colorado, Florida, … Continue reading
Unemployment Under 4% in US – Five States have it
With the exception of Vermont, which had an unemployment rate of 3.5% in June, the states with extraordinary jobless figures are in the Great Plains, where an energy boom has helped the economy. Shale-rich North Dakota had a jobless rate of a mere 2.7% in June. Following it were Nebraska at 3.5%, Utah at 3.5% … Continue reading
China – Unemployment and labour shortage co-exist
Why do labour shortage and high unemployment co-exist in China? I analysed this in my book. More specifically, I explored the matching efficiency in the labour market by estimating the matching function between job offers and job seekers in urban labour markets in China based on search and matching theory. Figure 3 shows the values … Continue reading
2007-08 Bachelor’s Degree Recipients In US – 7 percent were unemployed and 8 percent were out of the labor force
The report Baccalaureate and Beyond:A First Look at the Employment Experiences and Lives of College Graduates, 4 Years On published by the National Center for Education Statistics, the Institute of Education Sciences and the U.S. Department of Education presents initial findings about the employment outcomes of bachelor’s degree recipients approximately 4 years after they completed their … Continue reading
Participation in US – About half of the decline is due to the aging of the population says a White House Report
Since the final quarter of 2007, the labor force participation rate has fallen from 65.9 percent to 62.8 percent in the second quarter of 2014, a decline of 3.1 percentage points. In this report, the Council of Economic Advisers estimates that this 3.1 percentage point decline can be attributed to three main sources: About half … Continue reading
US – Quality jobs outlook best in more than six years Gallup finds
More than one in three Americans (35%) say now is a good time to find a quality job. While not high on an absolute basis, this percentage is the highest since December 2007, the starting point of the Great Recession. The jobs measure has been improving in the past few months, and increased seven percentage … Continue reading
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