Job Market Monitor
Michel Cournoyer
Sweden – New immigrants are catching up says report
This report assesses how new immigrants to Sweden fare in the country’s labor market. The report is part of a series of six case studies on labor market outcomes among immigrants to European Union countries. The report shows that employment rates during newcomers’ initial years in Sweden are relatively depressed for low-educated refugees and migrants … Continue reading
UK – Unemployment rate at a five-year low
“Latest estimates for December 2013 to February 2014 show that employment continued to increase, unemployment continued to fall, as did the number of economically inactive people aged from 16 to 64. These changes continue the general direction of movement over the past two years.” says the official press release. Indeed, the unemployment rate was at a … Continue reading
Yellen – Job gap means rates stay low
“The larger the shortfall of employment or inflation from their respective objectives, and the slower the projected progress toward those objectives, the longer the current target range for the federal funds rate is likely to be maintained,” Yellen said today to the Economic Club of New York. The gap, in both cases, is large, with … Continue reading
Long-Term unemployed – A sharp drop-off in the number of interview requests for those whose nonemployment spell topped six months finds research
Three recent audit studies on nonemployment discrimination report results consistent with the long-term jobless having significantly lower chances of being invited to job interviews. Given the design of previous studies unfavorable treatment can be due to a marginal preference among employers for hiring applicants with shorter spells or to stronger negative beliefs about the long-term … Continue reading
US – People with higher levels of education: consistently lower unemployment rates
You probably know lots of reasons why it’s smart to stay in school. Well, here’s one more: You’re less likely to be unemployed. According to data released in January 2014 from the U.S. Bureau of Labor Statistics (BLS), the higher your level of education, the lower your rate of unemployment. In the last decade, as … Continue reading
EU – The rate of underemployed part-time workers was 4.1 % on the top of the 10.6% unemployment rate
This article reports on three forms of unemployment in the European Union (EU) which are not covered by the ILO definition of unemployment. They are: underemployed part-time workers, jobless persons seeking a job but not immediately available for work and jobless persons available for work but not seeking it. In 2013Q4 in the EU-28, the … Continue reading
New York – The Visiting Nurse Service to cut 775 jobs
The Visiting Nurse Service of New York is eliminating 775 positions, one of the largest health care mass layoffs in New York City that does not involve the closing of a hospital. The organization is the largest nonprofit home care agency in the country. The cuts represent a 4% reduction in its workforce. Those affected … Continue reading
Job Stress – And the top spot went to France ! UK is second
According to a new study, 42 percent of American workers have changed jobs to escape the pressure-cooker, while another 35 percent have thought about it. The study, by job-search site Monster, surveyed 6,700 people in the U.S., U.K., France, Germany, India, the Netherlands and Canada. It turns out the U.S. is only the third-most stressful … Continue reading
Mobile Recruitment in the Netherlands
From the perspective of the job seeker it seems that mobile is not hype, as the mobile traffic on career websites is increasing significantly. Since 2011, the amount of mobile traffic has doubled every year. To this date, 22 percent of the total amount of visits is made by a mobile device. The mobile visitor reads … Continue reading
How long should my Resume be ?
Should your resume be longer than one page or should you try to condense it to keep it on a page? There isn’t a yes or no answer. The length of your resume depends on the type of candidate you are and your level of experience. According to a Saddleback College Resume Survey, most employers … Continue reading
OECD in Q4 2013 – employment rate increased to 65.3%
The OECD area employment rate – defined as the share of people of working-age who are in employment – increased by 0.1 percentage point (to 65.3%) in the fourth quarter of 2013. This was the third consecutive quarterly increase, but the level is still 1.2 percentage points below the one recorded in the second quarter … Continue reading
Imperial Tobacco in Europe – To cut 900 jobs
Imperial Tobacco Group PLC Tuesday announced restructuring measures in Europe that will result in up to 900 job losses. The restructuring is part of a cost-optimization program that will deliver savings of GBP300 million ($502 million) a year from September 2018, said Imperial, whose cigarette brands include Davidoff and Gauloises. The projects are planned to … Continue reading
Job vacancies in Canada in January – 6.7 unemployed people for every job vacancy, compared with 6.4 one year earlier
In January, there were 193,000 job vacancies among Canadian businesses, little changed compared with January 2013. There were 6.7 unemployed people for every job vacancy, compared with 6.4 one year earlier. The national job vacancy rate was 1.3% in January, compared with 1.4% recorded 12 months earlier. For 2013 as a whole, there was an average of 219,000 job vacancies per month among Canadian businesses, down from 252,000 in 2012 and 236,000 in 2011. For every job … Continue reading
JPMorgan Chase – 3,000 mortgage jobs cut in Q1 2014
US-based global bank JPMorgan Chase has eliminated approximately 3,000 mortgage jobs during the first quarter of 2014, as part of its strategy to streamline the mortgage business amid sluggish demand for home financing in the country. The latest cuts are in addition to the 13,000 to 15,000 positions, which primarily were supposed to be implemented … Continue reading
Germany – A programme targeting 18 to 35 year olds young unemployed is shut
Germany said on Monday it would no longer accept applications for a programme to attract young Europeans to its job market due to overwhelming demand from crisis-ravaged countries. The labour ministry said it had been flooded with interest from job-seekers particularly from struggling Spain and Hungary for the scheme offering subsidized job training, apprenticeships and work in … Continue reading
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