Job Market Monitor
Michel Cournoyer
The Skills Gap – North America is the only place in the world that thinks of companies as consumers of skills
There’s a very slim volume out from Wharton Press called, Why Good People Can’t Get Jobs. It’s by Peter Cappelli, a management professor from the University of Pennsylvania, who adapted the book from a series of articles he wrote for the Wall Street Journal in 2010 and 2011. The book takes a simple “myth-busting” approach to … Continue reading
Minimum Wage in US / Much of the empirical evidence suggests that it fails to alleviate net poverty says CATO
Numerous empirical studies have examined the effect of past minimum wage increases on poverty. In a 2007 peer-reviewed study, Richard Burkhauser of Cornell University and I examined Census data from 1979 to 2003 to estimate the effects of minimum wage increases on state poverty rates. We found no evidence that minimum wage increases were effective … Continue reading
Public and Private Sector Payroll Jobs under US Presidents – Carter, Reagan, Bush, Clinton, Bush and Obama
There are many differences between these periods. Overall employment was smaller in the ’80s, so a different comparison might be to look at the percentage change. Of course the participation rate was increasing in the ’80s (younger population and women joining the labor force), and the participation rate is declining now. But these graphs give … Continue reading
Job Entrepreneurs – Companies maximizing jobs over profits
What if the purpose of a company was to employ people? Instead of hiring enough people to make the greatest profit, it would make enough profit to hire the greatest number of people. Put simply, these “job entrepreneurs” maximize jobs instead of profits. There is a precedent in this. “Social entrepreneurs” seek to maximize purpose … Continue reading
The Skills Gap in US – Mismatch across industries and occupations explains at most one-third of the total observed increase in the unemployment rate
Aysegul Sahin, Joseph Song, Giorgio Topa and Giovanni L. Violante develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate in Mismatch Unemployment (Federal Reserve Bank of New York Staff Reports ). They use this framework to measure the contribution of mismatch to the recent rise … Continue reading
Social Media – 6 Rules for engaging passive candidates
While there are literally hundreds of social networking tools available, using them to craft a solid strategy to precisely pinpoint and truly engage passive candidates requires persistence, patience, and an understanding of six classic rules of engagement, described in more detail below: First and foremost, think like the passive job candidate Don’t ever stalk community … Continue reading
Greece – Immigrants who left were more than those who entered the country
More than 20,000 immigrants that were living in Greece have returned to their countries, said the Head of the International Organization for Migration (IOM) Office in Greece, Daniel Esdras. According to Mr. Esdras, 2013 was the first year when the immigrants who left Greece were more than those who entered the country. Chosen excerpts by … Continue reading
The Apps Economy in Canada – To top 110,000 by 2019
The number of people employed in Canada’s apps economy has grown to over 64,000, and will top 110,000 by 2019, say analysts at the Information and Communications Technology Council (ICTC). The estimates and projections were released today in the Council’s second look at the red-hot Canadian mobile apps landscape, The Appification of Everything: Canada’s apps … Continue reading
Apple – Foxconn to hire 15,000 more workers
Foxconn wants to expand further beyond its roots as a parts supplier, and it’s looking to hire enough people to push that effort. The Taiwan-based company also known as Hon Hai announced this past weekend that it plans to hire 15,000 employees in its native country, The Wall Street Journal reported on Monday. The hiring … Continue reading
Sweden – Many more young women than men showed an interest in university
Six out of ten Swedish students about to graduate from high school (gymnasium) want to pursue higher education, but many more young women than men showed an interest in university. The survey from Statistics Sweden showed that 69 percent of the women plan on going on to study, while 48 percent of the men expressed … Continue reading
New Grads in China – Government has encouraged self-employment
The Chinese government has encouraged self-employment in an attempt to foster new areas of growth to keep people in work. Chinese Premier Li Keqiang admitted that the employment situation is tough in his government work report delivered to the country’s top legislature last week. He said a record 7.27 million college graduates will be job … Continue reading
Agriculture in Canada – Why is it such an exciting industry?
Q: Why is Agriculture such an exciting industry? A: Agriculture is every changing. Every day there is something new and exciting happening in the business of producing food. There will always be dynamic and innovative career opportunities available to young people all over the world in this industry. I believe working in agriculture does make … Continue reading
Disney’s Games and Online Division / 700 Layoffs
Walt Disney overhauled its struggling interactive division in a sweeping reorganization that will reduce the number of video games it develops and alter its advertising strategy to focus more on the fast-changing mobile market. As part of the revamp, Disney will lay off 700 employees, roughly one-quarter of the interactive division, according to a person … Continue reading
Job Search and Employment Services – The odds of obtaining employment were 2.67 times higher for those getting help research finds
The current meta-analytic review examined the effectiveness of job search interventions in facilitating job search success (i.e., obtaining employment). Major theoretical perspectives on job search interventions, including behavioral learning theory, theory of planned behavior, social cognitive theory, and coping theory, were reviewed and integrated to derive a taxonomy of critical job search intervention components. Summarizing … Continue reading
US / Why didn’t the severe weather put job growth in a deep freeze?
Mainly because of how the government counts company payrolls. The Labor Department calculates jobs by asking companies how many people they employed during the pay period that includes the 12th day of the month. If a company’s pay period is, say, every two weeks or twice a month, a staffer who worked just one day … Continue reading
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