Job Market Monitor
Michel Cournoyer
Millennials – The best-educated generation in US history but overall they don’t earn more
A demographic cohort is never monolithic, but the group that recently entered the labor force had one trait in common: they watched as the Great Recession dramatically reshaped the landscape of employment, housing, and, in general, their expectations. How profoundly will the economic downturn and its associated effects mark this generation? On top of the … Continue reading
Canada – Weak job creation in Ontario, Quebec and Atlantic provinces is a big risk to the economy
Finance Minister Joe Oliver was warned in a meeting Monday with top Bay Street economists that Canadas economy is at risk unless there is more job creation in central and eastern Canada. One of those economists, Douglas Porter, chief economist at BMO Capital Markets, told reporters after their meeting with Oliver that Alberta alone has … Continue reading
The Beveridge Curve in US – A worsening
Real Time Economics has been tracking the progression of the Beveridge Curve, named after the economist William Henry Beveridge, that tracks the relationship between the job openings rate and the unemployment rate. With so many jobs available, more people ought to be finding their way to work. An openings rate above 3% has historically meant … Continue reading
Greece – Q1 unemployment stable at 27.8 pct
Greeces jobless rate remained unchanged at 27.8 percent in the first three months of the year compared to the previous quarter, data from the countrys statistics service showed on Thursday. About 71 percent of Greeces 1.34 million jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the … Continue reading
Workplace Bullying – Being treated as invisible is more harmful ?
Although surveys show that people consider it more psychologically harmful to be harassed than ignored, workplace ostracism turns out to have a bigger impact than harassment, doing greater harm to employees’ well-being and causing greater job turnover, says a team led by Jane O’Reilly of the University of Ottawa. Ostracism is also more common: Of … Continue reading
Job Openings in US – Return to prerecession levels
The number of job openings in the U.S. economy climbed to the highest level in seven years, becoming the latest labor-market gauge to recover ground lost during the recession.Job openings rose to 4.5 million in April, according to the Labor Departments job-openings and labor-turnover survey. The rate of job openings rose to 3.1% in April … Continue reading
Europe – White working class communities experience inequality and exclusion of their owns finds the Open Society Foundations
While the focus is often on the integration experiences of ethnic and minority communities across Europe, a report from the Open Society Foundations has found that white working class communities experience inequality and exclusion of their own. As manufacturing industry has made way for services and the welfare state has been rolled back, the working … Continue reading
Job Search Tips from Apple’s Michael Hageloh
Apple insider Michael Hageloh discusses some of the less-known risks and errors that plague the job search process. “Some young people assume that the hiring process will naturally highlight their skills and ultimately lead them to the right position—but that’s just not true. You may be the best candidate for a given job, but the … Continue reading
Skills Gap in Norway – And the the most difficult to find are …
Skilled labour now tops the list of the most difficult to fill jobs in Norway, according to recruitment firm ManpowerGroup. The greatest difficulty is sourcing candidates with a vocational education. Those most in demand are: Skilled Labourers Education Professionals Engineers Sales Executives Project Managers Doctors & Medical Professionals not including Nursing Staff Accounting & Finance … Continue reading
UK – The 18-64 year age employment rate is at a record high
The 18-64 year age employment rate is at a record high The labour market data continue to show an extraordinary mix of very strong job growth and falling real wages: The number of people in work rose by 345K (1.1%) QoQ and 780K (2.6% YoY) in Feb-April, the highest QoQ gain in employment since data … Continue reading
Immigration into the United States – An Overview
RECENT IMMIGRATION PATTERNS During the 1990s, more immigrants arrived in the United States than in any previous decade: between 1990 and 2000, the number of foreign-born U.S. residents rose by thirteen million to total thirty-two million. According to the best estimates of demographers, about nine million of these newcomers were legal immigrants. If two million … Continue reading
Canada – Nobody has stepped forward to drive a national program for better labour market information says Don Drummond
Canada has poor labour market information and as a result we do not have answers to simple questions that affect Canadians’ livelihoods. Employers complain they cannot find enough skilled workers, yet the Canadian unemployment rate is far from its lowest level. Does Canada not have enough workers or are they in the wrong places with … Continue reading
Poverty in US – The Psychological Effects (Infographic)
For the more than 40 million Americans in poverty, everyday life is a struggle — buying food, going to school, getting a job. And for a great many of them, what most people think of as simple tasks are also difficult. Let’s explore the picture of poverty in the U.S. and the psychological … Continue reading
Not all industries recovered equally in US – Interactive Charts
Five years since the end of the Great Recession, the economy has finally regained the nine million jobs it lost. But not all industries recovered equally. Each line below shows how the number of jobs has changed for a particular industry over the past 10 years. Scroll down to see how the recession reshaped the … Continue reading
African Americans high unemployment rate – They don’t give up
The so-called recovery of the US economy has not been equally kind to everyone. Even as the unemployment rate has remained steady at 6.3% last month, the unemployment rate for African Americans, coming in at 11.5%, is currently more than twice as high as that for white Americans. Last month, the difference was even larger … Continue reading
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