Job Market Monitor
Michel Cournoyer
Finland – Older Workers facing a growing risk of unemployment as they age
A fresh batch of data from Statistics Finland shows seniors facing a growing risk of unemployment as they age. A Tampere University researcher says the reason for the trend could be the constantly rising lower age limit for pre-retirement unemployment benefits. Employment data show that the age at which over-50 year olds face the risk … Continue reading
Minimum Wage Earners in US – Who are they ?
All the statistics here apply to those who would be affected by the proposed increase to raise the federal minimum wage from $7.25 to $10.10. The analysis also includes a number of workers making slightly above $10.10, who, history suggests, would receive a raise if the minimum wage were increased. Minimum-wage workers are older than … Continue reading
Screening with Social Media -Tips to make the right hire
Small businesses who don’t have resources to waste, it’s imperative that you make the right hire the first time. One way to help you in the process is to leverage social media to determine if a candidate is being truthful on their resume. You’ll also be able to analyze his or her online identity by … Continue reading
US – The Skills Gap
We could think of the US labor markets as consisting of two distinct pools of workers: skilled and unskilled. And while the unskilled workers are leaving the labor force, the skilled labor market is starting to tighten. Thats part of the reason for the persistent mismatch between job openings and the unemployment/marginal employment rate – … Continue reading
Some Unusual Dream Jobs
Check out the list below to find out six of the worlds coolest jobs that people actually get paid for. 1. Panda caretaker 2. Water slide tester 3. Fake executive 4. Luxury bed tester 5. Google tricycle mapper 6. Chocolate taster Chosen excerpts by Job Market Monitor. Read the whole story at 6 Unusual Dream Jobs You … Continue reading
Tourism in Egypt – A deteriorating job sector
Skilled tourism workers have abandoned the sector, and Egyptian hotels face considerable challenges in training new workers, according to Hussein Badran, adviser to the Ministry of Tourism for human resources development and training. The ratio of workers to rooms has dropped from 7.9 workers for every room to a single worker for each room, Badran … Continue reading
Skills Gap in US Manufacturing – 75 percent of manufacturers surveyed report a moderate to severe shortage of skilled resources
A new Accenture manufacturing and skills study, completed in collaboration with The Manufacturing Institute, looks at the skills shortage in the US manufacturing industry and what actions manufacturing companies can take to address this impediment to growth. Our study includes survey responses from more than 300 executives from a diverse range of US manufacturing companies. … Continue reading
Fathers in US – 2 million stay-at-home in 2012
The number of fathers who do not work outside the home has risen markedly in recent years, up to 2 million in 2012. High unemployment rates around the time of the Great Recession contributed to the recent increases, but the biggest contributor to long-term growth in these “stay-at-home fathers” is the rising number of fathers … Continue reading
Financial Crisis and Jobs – The current Job Recovery in US outperforms other
When comparing the Great Recession against other advanced economies’ financial crises in recent decades, the current U.S. cycle has outperformed in terms of employment, even as most other measures of financial crises were just as bad — home prices, stock prices, GDP per capita, government debt and the like. Chosen excerpts by Job Market … Continue reading
US – The Job Gap is still near 7.0 million
Furthermore, it is an utterly meaningless benchmark economically. Because the working-age population and with it, the potential labor force is growing all the time, we should have added millions of jobs over the last six-plus years just to hold steady. That means that when we get back to the prerecession employment level, there will still be a … Continue reading
Greece – Only 8% of 1.27million jobless gets unemployment allowance
The majority of Greece’s 1,274,843 jobless receive no unemployment allowance. According Employment Agency OAED , only 102,026 jobless received the allowance in April 2014. That is less than one out of ten of the country’s at least 1,274,843 men and women without job. Although employees pay their social security contributions month-in month out during their … Continue reading
US Job Market / Employment at All Time High – 2014 will be the best year since 1999
It is possible that 2014 will be the best year since 1999 for both total nonfarm and private sector employment. Also employment has reached another milestone: total employment is now 98,000 above the previous peak, and and at a new all time high in May. Of course the labor force has continued to increase over … Continue reading
May Canada Job Report 2014 – Employment up by 26,000 but UR increased to 7.0%
Employment edged up by 26,000 in May, driven by gains in part-time work. The unemployment rate increased 0.1 percentage points to 7.0% as there were more people in the labour market. Overall employment growth has been subdued since August 2013. In the 12 months to May, employment increased by 86,000 or 0.5%, with all the growth in part time. Over the same period, the number of … Continue reading
May US Job Report – Employment rose by 217,000, returning employment to its pre-recession level, and UR unchanged
Total nonfarm payroll employment rose by 217,000 in May, and the unemployment rate was unchanged at 6.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, health care and social assistance, food services and drinking places, and transportation and warehousing. Household Survey Data The unemployment rate held at … Continue reading
France – The first EU country to receive funding from the Youth Employment Initiative
France has become the first EU country to receive funding from the Youth Employment Initiative YEI to tackle unemployment among young people. The European Commission will make funding available so that France can receive €620 million from the YEI and the European Social Fund ESF. The money will go towards helping young people who not … Continue reading
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