Job Market Monitor
Michel Cournoyer
US – 25% are saving $0 for retirement
Retirement savings for about a quarter of Americans amounts to … $0. One in every four Americans is not saving for retirement at all, either because they are not thinking about it, do not really know how or, worse, do not feel they can afford to, according to a report by Country Financial. Americans ages … Continue reading
Ireland – Unemployment rate falls by 0.2% in the quarter
The change, from 12.2% to 12%, failed to reach a 11.8% rate estimated in recent claims data. Unemployment fell for the eighth quarter in a row from a high of 15.1%, but did not match the eurozone average of 11.8%. via BBC News – Ireland unemployment rate falls by 0.2% in the quarter.
Taiwan – 70 percent of young people are enrolled in universities but only 40 percent of the available jobs need a higher degree
The skills gap between graduates and the job market has reached an alarming level, according to a recent survey released by National Taiwan University’s (NTU) Center for Public Policy and Law, with three out of seven college graduates encountering difficulties landing a job that matches their education. The poll shows that while nearly 70 percent … Continue reading
Unemployment Insurance Trust Funds in US in Chart
Chosen excerpts by Job Market Monitor. Read the whole story at Unemployment Insurance Trust Fund Debt, State by State. Related articles US – Unemployment Insurance Trust Funds battered by the Great Recession Unemployment Insurance in US – State program loans from the Treasury larger than in any previous recession research finds
Spanish migrants to Germany – Up 19 percent in 2013
A total of 44,119 people left Spain for Germany in 2013, 19 percent more than the previous year, stats from Germany’s official stats body show. Spain came sixth in the table of countries supplying new immigrants to Germany in 2013, behind Poland (197,000), Romania (135,416), Italy (60,651), Bulgaria (59,3239) and Hungary (58,993). Out of the … Continue reading
Banff – 27.3 per cent population immigrants in 2011, not including temporary foreign workers
While debate about the future of the foreign worker program, and an increase in immigrants more generally, continues to rage across Canada, a different kind of discussion is taking place here. In the cafes and tourist shops that line Banff Avenue, the conversation centres not on whether transitory new immigrants are stealing jobs from long-time … Continue reading
Jobless in US – Many reluctant to make significant changes poll finds
The poll Wednesday found that many jobless Americans are reluctant to make significant changes to boost their chances of landing a job. Nearly two-thirds said they don’t plan to go back to school to make themselves more marketable; 44% said they wouldn’t relocate to another city for a job. Some 36% said they spent no … Continue reading
Working less can lead to getting more done
How can working less lead to getting more done? Employees return to work recharged. It’s a benefit other companies don’t match. When people spend less time at work they are more efficient when they are there. It creates a sense of urgency. It improves teamwork. Chosen excerpts by Job Market Monitor. Read the whole story at What … Continue reading
US in Maps – State unemployment, 2004 to 2014
State unemployment rates were generally lower in April. Forty-three states had unemployment rate decreases, two states had increases, and five states and the District of Columbia had no change. Forty-seven states and the District of Columbia had unemployment rate decreases from a year earlier, one state had an increase, and two states had no change. … Continue reading
Brain Waste in US – 1.6 million, or 23 percent, of the college-educated immigrants ages 25 and older
MPI research in the United States and Europe has demonstrated the challenges facing foreign-educated individuals who seek high-skilled employment that utilizes their talents and professional experience. In the United States, these challenges include difficulties in obtaining recognition of professional experiences and credentials earned from educational institutions abroad, acquiring professional-level English skills, navigating costly or time-consuming … Continue reading
The Youth Unemployment Crisis in US – Twelve ways against it from the Brookings Institution
The Great Recession was particularly devastating for America’s young workers. Nearly 6 million 16- to 24-year-olds neither have jobs nor are pursuing a degree. This disconnect can have a “scarring effect,” which can negatively impact their long-term employment prospects and lifetime earnings. In her new paper Elisabeth Jacobs analyzes the crisis of youth unemployment and … Continue reading
Rogers – Several high-level cuts to come
The new chief executive officer of Rogers Communications Inc. has unveiled a sweeping plan to reset the company’s management structure, fix customer service issues and reignite its growth. Guy Laurence, the British executive who took over as CEO in December, conceded that “we are not on form” as a company, but he said the restructuring … Continue reading
Only young businesses – predominantly small – create a disproportionate number of jobs OECD finds
The OECD has embarked on a distributed microdata project, called DynEmp, with the aim of providing a cross-country evidence base for the design of well-grounded policies for employment and growth. The project has produced a new database of micro-aggregated firm-level data on employment dynamics for different groups of firms classified by size, age and sectors … Continue reading
Hewlett-Packard – To cut another 16,000 jobs worldwide
Hewlett-Packard plans to cut as many as 16,000 more jobs as chief executive Meg Whitman intensifies her efforts to turn around the personal computer maker. Whitman, who has already axed 34,000 posts in her two years at the helm, said the fresh job cuts were necessary to streamline the business across its broad portfolio, which … Continue reading
Social Safety Nets In In Developing Countries – A World Bank report
What Are Social Safety Nets? * Social safety nets are non-contributory transfers designed to provide regular and predictable support to targeted poor and vulnerable people. These are also referred to as “social assistance” or “social transfers.” Social safety nets are part of broader social protection systems that may also include measures such as contributory insurance … Continue reading
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