Job Market Monitor
Michel Cournoyer
Job Market in Canada – Stephen Harper’s theory doesn’t fit the facts
Reality, as Prime Minister Stephen Harper is discovering, can poke holes in the most elegant of theories. In this case, the theory is the Conservative view of how Canada’s economy works, a view that goes something like this: Yes, the country suffered an economic recession but that’s over. Yes, there is still high unemployment — … Continue reading
UK – Royal Mail to cut 1,600 jobs
Royal Mail is planning to cut 1,600 roles as part of a drive to cut costs, mainly among its head office managerial staff. The postal delivery service says the net effect will be 1,300 job losses, as it plans to create 300 new or enhanced roles at the same time. It says the cuts are … Continue reading
Gender Gap – Senior roles filled by women in 2014: 24%
New research from the Grant Thornton International Business Report (IBR) reveals that despite a groundswell of discussion and debate, the proportion of women holding the top jobs around the world remains at just under a quarter. The survey finds growing support for regulation around quotas to get women onto boards, but also several measures that … Continue reading
Finnair – To Cut 680 Jobs
Helsinki, 27 March 2014. Steep losses forced Finnair to lay off about 680 workers and suspend several dozen aircraft orders. Finnair has started employee consultations with its personnel in administrative and support functions as well as cabin attendants. “We still hope to achieve results in negotiations, outsourcing and redundancies are always a secondary option. The measures are part of … Continue reading
Europe – Priorities to tackle youth unemployment
Young people face more difficulties in the labour market, especially if they are low skilled, exposed to long-term unemployment or stuck in the informal economy, where work is low paid and unprotected. In June 2012, representatives of governments and employers’ and workers’ organizations from all over the world met at the International Labour Organization (ILO) … Continue reading
US – The entrenched class system
Class haunts people from womb to grave, limiting their ability to flourish and pursue the good life as they define it. Confronted with the reality of our society’s entrenched class system, our national politics in its present state offers three responses. The first response is to deny reality altogether, usually in favor of an anecdote … Continue reading
Finland – Unemployment above 9 percent
According to Statistics Finland some 241,000 persons were unemployed in Finland in February, bringing the unemployment rate to 9.1 percent compared to 8.7 percent one year ago in 2013. In January of this year, the jobless rate was recorded at 8.5 percent. The agency added that the number of persons in the inactive work population … Continue reading
Tunisia – Addressing Youth Unemployment
How can the transitional government begin to address youth unemployment in light of low growth? In the two decades prior to the 2011 uprising, Tunisia has grown at a steady rate, but the economy failed to produce jobs. Unemployment increased in 2011 to over 18 percent and remains high at around 17 percent. There are … Continue reading
Unemployment Benefits Cuts in North Carolina – The largest drop in its labor force in its history
In June, North Carolina lawmakers made such drastic cuts in unemployment benefits that the state was dropped from the federal Emergency Unemployment Compensation program, which made sure those who were out of work past their state-level benefit cutoff, typically around 26 weeks, still got benefits. The number of people receiving benefits fell to 45,000 by … Continue reading
Deloitte’s Global Human Capital Trends 2014 – The top findings
To gain insights into the 2014 global human capital trends, Deloitte conducted a survey in the last quarter of 2013 that included 2,532 business and HR leaders in 94 countries. The survey covered the major industries and all of the world’s geographies (survey demographics are summarized in the appendix to this chapter). The goal was to better … Continue reading
UK / Thousands of low-skilled food manufacturing jobs are likely to go unfilled
Thousands of low-skilled food manufacturing jobs are likely to go unfilled as the industry focuses on filling high-skilled jobs vacancies, the industry has warned. There is a large demand for workers with basic skills in UK food manufacturing, despite the large number of graduates seeking jobs. Although the sector faces a skills shortage, most people … Continue reading
US – Requests for religious accommodation and the law
In recent years, the number of complaints filed with the Equal Employment Opportunity Commission regarding religious discrimination has dramatically increased. According to the EEOC, there were 1,709 complaints of religious discrimination in 1997 and 3,721 complaints in 2013. Prohibitions when it comes to religion With respect to religion, Title VII prohibits among other things: Disparate … Continue reading
Credit Suisse / Cut up to 500 jobs to be announced
Credit Suisse could cut up to 500 jobs at its private bank as part of a cost-saving drive, a Swiss newspaper reported on Sunday. The Schweiz am Sonntag said Hans-Ulrich Meister, co-head of Credit Suisse’s private bank, is working on a plan to cut up to 500 positions worldwide, of which around half could be … Continue reading
Pope Francis : Unemployment Wounds Human Dignity
“It is necessary to reaffirm that employment is necessary for society, for families and for individuals.” These were the words of Pope Francis during an audience with steelworkers from the “Acciaierie di Terni”, along with their families. The group, which was accompanied by the bishop of their diocese, were in Rome to celebrate the 130th … Continue reading
Yellen on the Unemployment Target – What did she say ?
Transcript of Chair Yellen’s Press Conference March 19, 2014 CHAIR JANET L. YELLEN. Good afternoon. I am pleased to join you for the first of my post-FOMC press conferences. Like Chairman Bernanke before me, I appreciate the opportunity these press conferences afford to explain the decisions of the FOMC and respond to your questions. The … Continue reading
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