Job Market Monitor
Michel Cournoyer
Unemployment and Wages in the US – Long-term unemployed should not be strongly discounted from measures of slack research finds
Some have argued that the unemployment rate may overestimate labor market slack, because the long-term unemployed (LTU) are largely structurally unemployed and exert significantly less wage and price pressure. If so, then using the aggregate unemployment rate to forecast wage or price inflation may be misleading. However, this Note, along with the companion note showing … Continue reading
Siemens-Unify – To cut 3,800 jobs
Unify – formerly Siemens Enterprise Communications – is cutting its workforce in half to focus on software over hardware. The vendor is slashing 3,800 jobs from its global headcount of nearly 7,700. Central Europe will be the worst hit, accounting for 50 percent of the cuts, according to a statement from the company. “This transformation is … Continue reading
Alitalia – Up to 2,500 layoffs expected says Italian Labor Minister Giuliano Poletti
Between 2,400 and 2,500 layoffs are expected at Italian flag carrier Alitalia once a major investment deal has been made final with Etihad Airways, Italian Labor Minister Giuliano Poletti said Tuesday. “At least with regard to those in the public sector. Then we will have to see, once there is substantial discussion between the two … Continue reading
Europe – 40% cant afford a vacation
Taking one week off from work per year is now considered a luxury for European workers.According to data from Eurostat, four out of ten EU citizens dont have the money to take one week off and spend it anywhere else than at home. The data also shows that even in the richer north, a major … Continue reading
How do robots work at Amazon (video)
Related articles Are robots stealing your job? Computers could replace about 47 percent of jobs research finds
Siemens – To cut 11,600 jobs but CEO calls job cut reports incorrect
German industrial giant Siemens plans to eliminate around 11,600 jobs around the world as part of a major restructuring, a company spokesman says. “These jobs will be cut,” the spokesman told AFP on Friday, confirming remarks made by chief executive Joe Kaeser to a conference of investors and analysts in New York on Thursday. The … Continue reading
Unemployment Insurance Extension in US – Update
Barring an unexpected change of direction from the Republican leadership, the House of Representatives on Friday evening will go into recess yet again without taking action on extending emergency unemployment compensation benefits for millions of the long-term jobless. It’s not the first time the House has left town without delivering financial help for the more … Continue reading
US – Highly educated immigrants raise native wages
mmigrants to the US are drawn from both ends of the education spectrum. This column looks at the effect of highly educated immigrants – in particular, those with degrees in Science, Technology, Engineering, or Mathematics – on total factor productivity growth. The authors find that foreign STEM workers can explain 30% to 60% of US … Continue reading
France – Unemployment rate hit record high in April
New official figures show that the number of the registered unemployed people in France reached a record high in April.According to the statistics released by the French Labor Ministry on Wednesday, the number of the jobless increased by 14,800 in April 2014 to a record high of 3,364,100.This is while economists had predicted a smaller … Continue reading
Piketty in One Graph
This graphic summarizes the key inequality and policy trends for the U.S. traced in Thomas Piketty’s Capital in the Twenty-First Century. Scrolling through the policy metrics suggests some of the causal forces at work: a precipitous decline in the top inheritance and income tax rates lifting the ceiling on high incomes; and the collapse of … Continue reading
Unemployment Claims in US – The four-week moving average for new claims lowest since 2007
The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to a strengthening labor market. Initial claims for state unemployment benefits declined 27,000 to a seasonally adjusted 300,000 for the week ended May 24, the Labor Department said on Thursday. The prior weeks claims were revised to show … Continue reading
LinkedIn in US – To Aggregate Job Listings
With the announcement this morning that it would begin to aggregate jobs from U.S. employers, LinkedIn took a big step to building its Economic Graph, and realizing its plan to provide all the world’s open jobs to all the world’s workers. Beginning June 2nd, LinkedIn will offer hundreds of thousands of jobs aggregated from the … Continue reading
Immigrants in Canada – Things changed for arrivals in the 2000s: the entry earnings advantage decreased continuously Stat Can finds
A new study shows that the relative earnings advantage that university-educated immigrants have over their less-educated counterparts shortly after their arrival in Canada has narrowed over the last 30 years. However, university-educated immigrants continue to experience stronger earnings growth then their less-educated counterparts, with time spent in Canada and, hence, have higher earnings over the medium-term. This … Continue reading
Immigrants in UK – Countries of origin, level of education, and time since arrival all shaped their employment outcomes report finds
The 2000s saw a significant increase in the foreign-born working-age population in the United Kingdom, in part because of the decision to forgo restrictions on the inflow of workers from the new European Union Member States. Starting in 2004, a large influx of labor from Eastern European countries—especially Poland, Latvia, and Lithuania—transformed the country’s immigrant population and labor market. … Continue reading
The World’s Worst Countries For Workers – A report
The International Trade Union Confederation (ITUC) is a confederation of national trade union centres, each of which links the trade unions of that particular country. The International Trade Union Confederation has built the world’s most compre- hensive data base of violations of workers’ rights (survey.ituc-csi.org). Descriptive texts detailing facts on real-world violations faced by workers … Continue reading
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