Job Market Monitor
Michel Cournoyer
Job Search and Network / Connect with “weak ties” and your “dormant ties”
Sociologist Mark Granovetter found in a classic study that you’re 58% more likely to find a job by cultivating your weak ties rather than your strong ones Continue reading
IMF / ‘Jobs and Growth: Supporting the European Recovery’ to be launched in Brussels, Belgium on January 28
IMF Managing Director Christine Lagarde will introduce the session, followed by comments from Wolfgang Schäuble, Finance Minister of Germany, and Luis de Guindos, Minister of Economy and Competitiveness of Spain. The event will be chaired by Fabian Zuleeg, Chief Executive of the European Policy Centre Continue reading
Turkey / Labor market performance after the crisis has been remarkable says a report
From 2009-2012 the country created some 3.5 million jobs while employment in the European Union fell by 2 million during the same period Continue reading
(Update) Labour on Welfare in UK / Rachel Reeves’s first major speech (video)
“A Labour government will introduce a Basic Skills Test to assess all new claimants for Job Seekers Allowance within six weeks of claiming benefits. Those who dont have the skills they need for a job will have to take up training alongside their jobsearch or lose their benefits. Labours Basic Skills Test will give the long-term unemployed a better chance of finding a job and will help us to earn our way out of the cost-of-living crisis.” Continue reading
US / It Pays to Be Stressed
The highest-stress jobs also on average have the highest pay, and the lowest-stress jobs tend to get lower wages. Continue reading
UK Monetary Policy / Is the target unemployment rate a trigger or a threshold ?
U.K. Prime Minister David Cameron defended Mark Carney after the Bank of England governor said that policy makers will review forward guidance next month. Carney, who said last year that unemployment would need to fall to 7 percent before the BOE would consider raising interest rates, has seen the jobless rate drop faster than forecast. … Continue reading
Manitoba / Why the Canada Jobs Grant will not work there
The Canada Jobs Grant will not work for people who face barriers to employment, especially Aboriginal Manitobans. As Shauna Mackinnon wrote in The Canada Jobs Grant: Perpetuating Aboriginal Exclusion, the new federal program will take money away from successful programs that are helping unemployed people get the training they require to move into the labour force. … Continue reading
Target / To layoff 475 employees and leave another 700 positions unfilled
Target Corp. is cutting jobs at its headquarters and around the globe following a weak holiday season and a costly data breach that affected up to 110 million customers. Minneapolis-based Target (NYSE: TGT) will lay off 475 employees worldwide, the company told workers Wednesday. The company will leave another 700 positions unfilled. “Target continually assesses … Continue reading
US / Percent of unemployed seeking work for longer than six months more than doubled between 2007 and 2013
Each month the Bureau of Labor Statistics (BLS) reports employment figures for the United States. These figures have served as a barometer of the country’s relative economic strength for the last seventy years and recently have highlighted unemployment’s rise throughout the Great Recession. Often overlooked, however, are figures related to the so-called “long-term” unemployed, those unemployed for longer … Continue reading
US / Addressing income inequality is not government’s priority job voters says to Fox Poll
A new Fox New poll shows a possible disconnect between President Barack Obama and voters on what the president says will be the top priority for the rest of his term: reducing income inequality. Continue reading
Unemployment Insurance Weekly Claims Report in US / A marginal drop
In the week ending January 18, the advance figure for seasonally adjusted initial claims was 326,000, an increase of 1,000 from the previous week’s revised figure of 325,000. The 4-week moving average was 331,500, a decrease of 3,750 from the previous week’s revised average of 335,250. Continue reading
Employment Insurance in Canada / November 2013 virtually unchanged from October
There were 512,300 people receiving regular Employment Insurance (EI) benefits in November, virtually unchanged from October. The number of beneficiaries has been relatively stable since May 2013. Provincially, Prince Edward Island, Nova Scotia and New Brunswick saw more people receiving regular EI benefits in November compared with October. At the same time, there was little change in the … Continue reading
Canada / Men with high school by 1991 earned $206,000 more over 20 years than than those who didn’t, women $161,000
A new study that followed a group of men and women for two decades reports that men who had finished high school by 1991 earned $206,000 more over those 20 years than men with no high school diploma. For women, the difference between the two groups was $161,000. The dollar figures are expressed in 2010 constant dollars to account for inflation Continue reading
PSA Peugeot-Citroen in France / To cut another 1500 jobs
According to a union leader, PSA Peugeot-Citroen is considering cutting an additional 1,500 jobs in France in the face of continued production overcapacity. The cuts would come on top of the 11,200 French positions to be eliminated by PSA by 2015 under its current restructuring plan, according to the union official. “Our sources internally are … Continue reading
OECD / Europe’s youth is explosive issue, not deflation
“The problem is jobs, jobs, jobs,” Gurria said in an interview with Bloomberg Television from Davos, Switzerland Continue reading
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