Job Market Monitor
Michel Cournoyer
New Zealand / Many more jobs but wages increase slowly
Employment increased strongly over the last three months of 2013; wages, not so much. The number of people employed rose by 24,000 or 1.1 per cent in the December quarter, Statistics New Zealand reported, enough to offset a migration-fuelled increase in the labour force and still reduce the unemployment rate to 6 per cent from … Continue reading
Job Report in Canada / StatsCan’s numbers questioned
Put the Department of Finance on the growing list of observers who are questioning the accuracy of Canada’s unemployment numbers. According to documents obtained by the Globe and Mail, the department has concluded that volatility in Canada’s jobs data is “well above” normal. “The volatility of employment growth as measured by the [Labour Force Survey] … Continue reading
US / Long- term unemployment spans all industries, education levels, age groups, and among blue- and white-collar workers
Today, we are still struggling with the terrible crisis of long-term unemployment left in the Great Recession’s wake, as data suggest many of the remaining unemployed individuals have been unemployed for very long periods. While older workers and disadvantaged populations may face particular challenges, long- term unemployment affects a diverse group of workers that, in … Continue reading
Bristol-Myers in France / Threatening to cut jobs at its two Agen factories
Bristol-Myers Squibb, BMY -0.76% the New York-based drug maker, is threatening to cut jobs at its two Agen factories, where a range of paracetamol painkillers are made, after the French government unveiled plans to push for wider use of cheaper generic versions. The government may announce its final decision as early as Thursday, according to … Continue reading
US / No job creation in January finds Gallup
Gallup’s Job Creation Index registered +19 in January, unchanged from the prior month. This score is a three-point improvement from January 2013 and is on par with the overall 2013 average of +20. Chosen excerpts by Job Market Monitor. Read the whole story at U.S. Job Creation Flat in January. Related Posts US / ADP National Employment … Continue reading
The Slow Recovery of the US Labor Market / A CBO Report
In assessing the slow recovery of the labor market, CBO estimates the following: Of the roughly 2 percentage-point net increase in the rate of unemployment between the end of 2007 and the end of 2013, about 1 percentage point was the result of cyclical weakness in the demand for goods and services, and about 1 … Continue reading
India / 2 in 5 workers plan to change jobs in 2014
Two in five workers in the country are planning to change their jobs before the year ends due to reasons like need for higher salary and better work-life balance, says a survey. According to a CareerBuilder.Co.In survey, forty-four per cent of full-time workers plan to change jobs in 2014. Moreover, 11 per cent have not … Continue reading
Home Depot Canada / Hiring 6,300 for spring season
The Home Depot® Canada is currently hiring 6,300 associates across all 180 locations to support its busiest season, spring. “Spring gives us the opportunity to find the best associates, who are passionate about customer service,” said Bill Lennie president, The Home Depot Canada. “From Vancouver to St. John’s, we are about building meaningful, sustainable careers.” … Continue reading
Skills Gap in US / A barrier to growth for 25 percent of the private companies
Overall, U.S. CEO confidence is improving in 2014, but one area where optimism continues to lag behind is in finding a qualified workforce. According to the latest PricewaterhouseCoopers Private Company Trendsetter Barometer, 57 percent of companies plan to hire in 2014, but over 25 percent of the private companies surveyed cited finding qualified workers as … Continue reading
US / ADP National Employment Report: 175,000 workers were hired by private-sector firms in January
ADP’s January National Employment Report is out. The payroll-processing firm estimates 175,000 workers were hired by private-sector firms in January. Market economists were looking for a 185,000 estimate. The December estimate from ADP’s previous report was revised down to 227,000 from 238,000. Chosen excerpts by Job Market Monitor. Read the whole story at ADP National Employment Report … Continue reading
Disney / Hundreds of layoffs in gaming unit
Walt Disney Co is preparing to lay off several hundred people in its interactive unit, the division that includes gaming products and the Disney.com website, The Wall Street Journal reported on Monday. The layoffs are expected to begin after Disney releases its quarterly earnings on Wednesday, the Journal said. Chosen excerpts by Job Market Monitor. Read … Continue reading
Discouraged Job Seekers / They tend to blame themselves
America’s jobless tend to blame themselves rather than ‘the system,’ leading them to stop looking. The author interviewed more than 170 white-collar job seekers in the U.S. and Israel between 2004-2006 and between 2011-2012 for my new book, Flawed System/Flawed Self: Job Searching and Unemployment Experiences, and the author was surprised by how many of the … Continue reading
Canada / Could Germany’s “dual system” training work ?
In Canada, by contrast, apprenticeships are generally limited to the skilled trades—carpenters, electricians, pipefitters and the like—and attract a much older crowd with “significant” labour market experience, according to a 2011 Statistics Canada study. Only about half of the more than 400,000 registered apprentices will actually complete their programs, with studies attributing the low success … Continue reading
Freelancers / Landing more jobs
New research suggests freelancers who demonstrate work commitment through an incremental career path, by moving between similar—but not identical—types of jobs, are the most likely to be hired. The findings also conclude that competitors who work on only one type of job or on too many disparate types of jobs are disadvantaged when it comes … Continue reading
Law School in US / Tenured Faculty Layoffs
As more and more people discover that law school is not the “get rich quick” scheme that they once thought it was, applications continue to plummet. As of late January, law school applications were down 13.7 percent from where they were in 2013. The loss of student revenue is killing the bottom line at some … Continue reading
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