Job Market Monitor
Michel Cournoyer
Unconscious racial biases are heightened by the downturn study finds
It looks as though a more subtle form of racial bias may have played a role as well—thanks to psychological factors that, in a recession, tend to make those biases worse. The new study is by Amy Krosch and David Amodio of New York University. Amodio in particular has extensively studied what are called “implicit” … Continue reading
Australia – Unemployment steady at 5.8%
Australia’s strong economic performance since the start of the year has failed to increase the number of people in work. The number of people in the workforce fell by 4,800 in May, figures released on Thursday showed, when economists were expecting an increase of 10,000. Although the number of full-time workers rose 22,200, it was … Continue reading
UK – Number of employed rose by a record 345,000, to 30.5 million, most of which are in full-time employment
Comparing February to April 2014 with November 2013 to January 2014, there was a large increase in employment and a large fall in unemployment. There was a further fall in the number of economically inactive people aged from 16 to 64. These changes continue the general direction of movement over the past two years.There were … Continue reading
Canada – Apprenticeship up 6.8% in 2012
Apprenticeship training programs across Canada received 104,280 new registrations and reinstatements in 2012, up 6.8% from 2011. This marked the highest number of new registrations and reinstatements individuals who were reinstated in 2012 after a year or more of absence since the beginning of the economic downturn in 2008. Total registrations in apprenticeship training programs across Canada increased 4.3% from 2011 to 444,672 in 2012. New registrations in Red … Continue reading
Poverty in India – 56 percent of Indians (680 million) lack the means to meet their basic needs finds McKinsey
A new benchmark called the Empowerment Line, developed by the McKinsey Global Institute, aims to create a new and more holistic policy framework for poverty reduction. It calculates the cost for an Indian household to attain the basics and then compares these benchmarks to actual consumption data to measure needs that are going unmet. The … Continue reading
Foreign-born Workers in US – Unemployment rate at 6.9 percent in 2013, down from 8.1 percent
The unemployment rate for the foreign born in the United States was 6.9 percent in 2013, down from 8.1 percent in 2012, the U.S. Bureau of Labor Statistics reportedtoday. The jobless rate for the native born fell to 7.5 percent in 2013, also downfrom 8.1 percent in the prior year. Data on nativity are collected … Continue reading
Bouygues Telecom – To cut 1,500 jobs
Bouygues Telecom, France’s third-largest mobile operator by subscribers, plans to slash more than 15 per cent of its 9,000-strong workforce to stay alive in one of Europe’s most competitive markets. via Bouygues Telecom to cut 1,500 jobs in fight for survival – FT.com.
ICICI Bank – To cut 1,200 jobs
ICICI Bank, the countrys largest private sector lender by assets, has let go 1,200 of its staffers, and a few hundred may be on their way out as part of an exercise to cut flab, two people familiar with the development said. The retrenchment of staff across the board – from general managers to junior … Continue reading
Polarization in US – The declining prominence of middle-skill jobs
The number of people performing low-skill, low-pay, manual labor tasks has grown along with the number undertaking high-skill, high-pay, nonroutine, principally problem-solving jobs. Employment in the United States is becoming increasingly polar- ized, growing ever more con- centrated in the highest- and lowest-paying occupations and creating growing income inequality. The causes and consequences of this … Continue reading
Australia – 900 jobs cut at postal service
Australia Post has told its workers 900 jobs will go as part of a restructure that will split its post and parcel businesses.Australia Post has confirmed 900 jobs will be cut in the restructure. As fewer people post letters, and losses in that part of the business mount, the Government-owned company is planning to operate … Continue reading
Immigrants in US – Those who came more than 30 years ago were the most likely to speak only English at home Census finds
Those who came to live in the United States more than 30 years ago were the most likely to speak only English at home. The foreign born who have lived in the United States for longer periods were much more likely to speak only English at home than recent entrants to the country (Figure 7). … Continue reading
Hiring in US – Fastest pace in almost 6 years
U.S. employers recently hiked their hiring to the fastest monthly pace in almost six years, a healthy sign for the U.S. labor market, according to government data released Tuesday morning. There were 4.71 million hires in April — the most since June 2008 – and up 6% from a year earlier and, according to the … Continue reading
Unemployed in US – Risk of depression is nearly twice as high
Unemployment takes a significant toll on the mental health of workers, especially those who have been out of their jobs for at least 27 weeks — what the Bureau of Labor Statistics considers the “long-term unemployed. ”The longer a person has been out of work, the greater the chances that he or she will develop … Continue reading
Higher Education and Employability in Europe – Using labour market information systematically in policy planning is relatively rare report says
Besides a few exceptions (Bulgaria, Croatia, Portugal and Liechtenstein), labour market forecasting exists at national and/or regional levels in most European countries (14). As Figure 4.2 shows, labour market forecasts are conducted in an ad hoc manner in 10 countries, while there is a regular, established system in 13 countries. In Lithuania, a regular labour … Continue reading
Canada – Six of 10 provinces saw employment drop below year-ago levels
Looking deeper into last Friday’s jobs numbers, BMO’s Benjamin Reitzes says the Statistics Canada report “reinforced that the Alberta economy is in a league of its own. ”Employment in Alberta, home to Canada’s oil industry, has climbed 3.2 per cent over the course of a year, compared to just 0.1 per cent for the rest … Continue reading
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