Job Market Monitor
Michel Cournoyer
Returning to Full Employment in US – A CRS Report
Until recently, the economy and labor market were experiencing an unusually slow recovery from the longest and deepest recession since the Great Depression compared to other expansions since World War II. The rapid decline in the unemployment rate from 7.9% in January to 6.7% in December 2013 (where it remained in the first quarter of … Continue reading
Digital Skills in UK – Education failing say 18 to 30-year-olds
The education system is failing to provide young people with the digital skills they need to succeed in the world of work, according to 18 to 30-year-olds. The research, compiled by Tata Consultancy Services and ThinkYoung, found 63% of the 500 young people surveyed in 28 EU countries don’t believe education prepared them for the … Continue reading
Jobless Claims in US – The 4-week average is close to normal levels for an expansion
From the official press release: In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 304,000 to 305,000. The 4-week moving average was 316,750, an increase of 4,750 from … Continue reading
HR in Canada – Businesses aren’t prepared for today’s challenges says Deloitte Report
Significant uncertainty exists in Human Resources’ (HR) ability to address and respond to the challenges of today’s multigenerational, borderless and technologically savvy workforce, according to the results of Deloitte’s 2014 Human Capital Trends survey of 133 Canadian HR and business leaders. Respondents recognized the need to take action on critical issues including leadership … Continue reading
Canada – A job more than a career says 58% to Careerbuilder.ca
A majority of Canadians feel their employment is just a job, according to a survey. The Careerbuilder.ca survey finds that 58% of workers feel that they have a job as opposed to a career (42%). Nearly one-quarter (23%) of Canadian workers say they plan to change jobs this year, up from 17% last year. via … Continue reading
US Stay-at-Home Mothers – Their number rose to 29% in 2012 finds Pew Research
The share of mothers who do not work outside the home rose to 29% in 2012, up from a modern-era low of 23% in 1999, according to a new Pew Research Center analysis of government data.1 This rise over the past dozen years represents the reversal of a long-term decline in “stay-at-home” mothers that had … Continue reading
Skilled Immigrants to Canada – An ‘express entry’ in 2015
The Canadian government is forging ahead with a new immigration system that will offer “express entry” to qualified immigrants starting in 2015 as a way to help fill open jobs for which there are no available Canadian workers. Express Entry, formerly known as Expression of Interest, will be “a swifter path to Canada that will … Continue reading
US – 59% are worried about not having enough money for retirement finds Gallup
A firm majority of Americans, 59%, are worried about not having enough money for retirement, surpassing eight other financial matters. A majority of Americans have reported being “very” or “moderately” worried about retirement savings every year since 2001, illustrating that saving for retirement disquiets Americans in both good and bad economic times. via Retirement Remains … Continue reading
Taiwan – March unemployment down at 4.03%
Taiwan had 463,000 jobless citizens in March 2014, equivalent to an unemployment rate of 4.03%, which dropped 0.06ppt sequentially and 0.14ppt on year, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS). Chosen excerpts by Job Market Monitor. Read the whole story at Taiwan March unemployment down, says DGBAS.
Human capital doesn’t alone reduces income inequality research finds
Most developing countries have made a great effort to eradicate illiteracy. As a result, the inequality in the distribution of education has been reduced by more than half from 1950 to 2010. However, inequality in the distribution of income has hardly changed. This column presents evidence from a new dataset on human capital inequality. The … Continue reading
Barclays – Could cut 7,500 jobs
Barclays Plc (BARC), the U.K.’s second-largest bank by assets, could eliminate 7,500 jobs at its investment bank to improve returns at its securities unit, according to a report by Sanford C. Bernstein. The European fixed-income, currencies and commodities business, or FICC, may be the hardest hit, with about 5,000 job losses, analysts led by Chirantan … Continue reading
The American Middle Class – No Longer the World’s Richest , Canada now higher finds NYT
The American middle class, long the most affluent in the world, has lost that distinction. While the wealthiest Americans are outpacing many of their global peers, a New York Times analysis shows that across the lower- and middle-income tiers, citizens of other advanced countries have received considerably larger raises over the last three decades. After-tax … Continue reading
India’s Women Members of the CA Institute – A flexi working portal
The CA Institute has launched a ‘flexi working portal for its women members’. This portal– http://womenportal.icai.org/ will help women members of the CA Institute find suitable opportunities including part-time/flexi-hours jobs, or jobs with work from home option, K Raghu, President of Institute of Chartered Accountants of India said. Chosen excerpts by Job Market Monitor. Read the … Continue reading
Employment Services to Veterans with Disabilities in US
The number of military personnel incurring disability in current military conflicts is the highest in over three decades. Since 2001, over 1.6 million service members, Reservists, and National Guard have been deployed to Iraq, Afghanistan, and other Middle Eastern nations. As noted by Lew et al. (2007), advances in medical innovations and body armor have … Continue reading
Teck to cut 600 jobs as profit drops, defers Quintette coal mine restart – The Globe and Mail
Hit by low commodity prices Teck Resources Ltd. is cutting 600 jobs and deferring the reopening of its in British Columbia until market conditions become more favourable. Chosen excerpts by Job Market Monitor. Read the whole story at Teck to cut 600 jobs as profit drops, defers Quintette coal mine restart – The Globe and Mail. Related … Continue reading
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