Job Market Monitor
Michel Cournoyer
US – Millionaires have received $29.8 million in unemployment benefit or 0.03% of total report finds
Under the federal-state Unemployment Insurance (UI) system, there is currently no prohibition on the receipt of UI benefits by high-income unemployed workers. States, which determine many of the eligibility requirements for UI benefits, may not restrict eligibility based on individual or household income. Recent Congresses, however, have considered proposals to restrict the payment of unemployment … Continue reading
Temporary Foreign Workers Program in Canada – The solution is to fine the offending firms, and not to curtail it
Given the benefits provided by Canada’s lower-skilled TFW’s, why has the public’s perception of the program been negatively skewed? First, rare and isolated abuses of TFWs have been reported by the media. The solution to these transgressions is to fine the offending firms, and not to curtail a successful TFW labour program. What of the … Continue reading
The “graying” of the planet – The case of 30 of the world’s capitals
What do urban people care about most?What do talented professionals in their most productive working years care about most? What are the qualities that cities need in order to continue building prosperity? What about the increasing proportion of older citizens as we live longer or slow our rate of natural population growth? Does a rising … Continue reading
Unemployment Insurance in Germany
Until 2005, Germans who were out of work and in need would receive 60% of the net salary of their last job 67% if they had children, tax free, then after a year, it would go down to 53%. Former chancellor Gerhard Schröder made it his mission to change this system, a programme known as … Continue reading
US- 5 years after the Great Recession
The economy reached another milestone last month: All 8.7 million jobs lost in 2008 and 2009 have now been regained. But while the nations payrolls are back to their previous high, they havent kept pace with growth in the working-age population over the last few years. Moreover, many of the jobs lost have been replaced … Continue reading
Unemployed vs Employed in US – How much time they spend doing everything
That deep divide between those with jobs and those without them reveals itself not just in well-known statistics on hiring and income but in the day-to-day details of how people live their lives. The unemployed have higher rates of depression, obesity and suicide. In interviews, they frequently report that the social and emotional impacts of … Continue reading
US – Fewer than half of U.S. workers are satisfied with their jobs
Fewer than half of U.S. workers are satisfied with their jobs, based on a set of survey questions about Americans’ opinions about their workplaces, compensation, job security, co-workers, bosses, chances for promotion, etc. The share is much lower than it was in 1987, when the series began. Interestingly, dissatisfaction among the youngest workers seems to be driving the … Continue reading
Canada – Aging population could have a positive effect on the labour market outcomes of youth research finds
Post-recession it is common to hear concerns that youth, facing high unemployment rates, are unable to find good job opportunities. Historically, youth have experienced higher unemployment rates than older workers. In the context of an aging workforce dominated by the baby boom generation and delayed retirement, there appears a general concern that older workers are … Continue reading
Foxconn in India – Layoffs announced
Foxconn India announced to its employees that it is “considering layoffs/retrenchment”, just two days after the company offered a voluntary retirement scheme VRS that would be valid till June 20. ET had written about the companys VRS plans on June 3, 2014, and this is the first time Foxconn is making it official. The company … Continue reading
Foreign-Owned Establishments in US Metro Areas – They employ some 5.6 million
Foreign-owned U.S. affiliates directly employ some 5.6 million workers spread across every sector of the economy. The number and share of U.S. workers employed in FOEs increased steadily through the 1990s before peaking in 2000 and then stagnating. The nation’s largest metro areas contain nearly three-quarters of all jobs in FOEs. Fully 74 percent of … Continue reading
Skills Gap in Germany – Students snub vocational schools
Forget the strong euro or competition from Asia. German industry’s main concern today isn’t selling its products but finding the people to make them. The country’s 200-year-old two-tier education system, credited for building one of the most productive workforces on the planet, is sputtering as young Germans increasingly shun vocational schools—the gateway to manufacturing careers—for … Continue reading
Temporary Foreign Workers in Canada – No inspection has been done
Not one Canadian employer of temporary foreign workers has been inspected to date despite a Conservative government promise to do so during last year’s initial overhaul of the controversial program. Now, with additional changes to the program to be announced Friday, questions are swirling around why Ottawa has been so slow to act on a … Continue reading
Haier Group – 26,000 Layoffs in two years
China based Haier, maker of appliances and consumer electronics, started 2013 with 86,000 employees worldwide, but that number is likely to be about 60,000 by the end of 2014. Most of those layoffs have already happened. The company laid off 16,000 workers in 2013, and by the end of May 2014 the number was at … Continue reading
UK – An additional 8.7 million want to work flexibly right now
Flexible working is now an everyday part of life in Britain. 8 million people work part time (30 hours a week or less) and around 4 million usually work from home. For the first time, Timewise can reveal that an additional 8.7 million UK-based full time workers want to work flexibly right now (whether part … Continue reading
Job Search in UK – Applicants do not have to disclose minor offences
The Supreme Court has ruled that forcing job applicants to disclose minor crimes as part of background checks is a breach of their human rights. The ruling is related to the case of a man, identified only as “T” in court, who was denied employment at a football club and later a place at university … Continue reading
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