Job Market Monitor
Michel Cournoyer
Discouraged workers in US / What if they were still in ?
In December, the unemployment rate was 6.7% and the labor force participation rate was 62.8%. Where would the two figures be if all of the discouraged workers that left the labor force since October 2007 came back, and were officially counted as unemployed? Chart 2 shows that the participation rate would be a 0.7 percentage … Continue reading
Immigrant Welfare Rules in UK / Housing pay to be removed
The U.K. is to stop immigrants from receiving payments to cover housing costs unless they have jobs, as political parties seek to show voters they’re tough on welfare. “No longer can people come here from abroad and expect to get something for nothing,” Work and Pensions Secretary Iain Duncan Smith and Home Secretary Theresa May … Continue reading
Canada Job Grant / The battle is not over yet
The battle between Ottawa and the provinces and territories over a contentious federal jobs training proposal appears far from over. The provinces are glad the federal Conservatives are offering more flexibility on how the Canada Job Grant would be funded, but there’s no agreement yet, Manitoba’s jobs minister said after a conference call with her … Continue reading
Intel / To cut 5% or 5 000 jobs
Intel Corp. INTC -2.60% , on the heels of reporting a lower-than-expected fourth-quarter profit, on Friday said it expects to reduce its workforce by about 5% this year. The big chip maker ended 2013 with 107,600 employees, indicating that the cuts could affect close to 5,400 workers. Intel on Thursday projected flat revenue for 2014, … Continue reading
Job Search / YouTern’s Top 50 Twitter Accounts
In alphabetical order and with abundant respect, here are YouTern’s top 50 (well, 55… but who’s counting!) Twitter accounts for 2014… @Absolutely_Abby Abby is consistently positive… and a terrific resource for job seekers. @AfterCollege Excellent blog (and site) for college students and recent grads. @alevit An author and speaker, Alexandra delivers great career advice. @AlisonDoyle Simply the best; you’ll … Continue reading
Grads in US / Finding a good job has indeed become more difficult
According to numerous accounts, the Great Recession has left many recent college graduates struggling to find jobs that utilize their education. However, a look at the data on the employment outcomes for recent graduates over the past two decades suggests that such difficulties are not a new phenomenon: individuals just beginning their careers often need … Continue reading
US / More are worse off financially than a year ago finds Gallup
More Americans, 42%, say they are financially worse off now than they were a year ago, reversing the lower levels found over the past two years. Just more than a third of Americans say their financial situation has improved from a year ago. Chosen excerpts by Job Market Monitor. Read the whole story at via More … Continue reading
Alberta / Job growth polarized
Alberta – the economic powerhouse of the country – also shed nearly 12,000 jobs last month. But trends are built over several months, and December’s loss comes on the heels of five consecutive months of gains in Alberta. Even counting the big drop last month, the province saw a net gain of nearly 71,000 jobs … Continue reading
Australia / Full-time employment fell by 22,600 in December but UR stayed at 5.8%
Australia’s unemployment picture worsened, exacerbating the central bank’s dilemma over whether to give the economy a boost by further cutting interest rates, or to back off to avoid fanning inflation and prevent a surging property market from overheating. The number of people in full-time work fell by 22,600 in December, government data showed Thursday, capping … Continue reading
Job Search in Europe / EURES would be improved
The pan-European job search network EURES would be strengthened to provide more job offers, increase the likelihood of job matches and help employers, notably small and medium businesses, to fill job vacancies faster and better, under a proposal just presented by the European Commission. Once adopted by the EU’s Council of Ministers and the European … Continue reading
J.C. Penney / To cut 2,000 jobs
J.C. Penney Co. (JCP) Chief Executive Officer Mike Ullman, intensifying efforts to revive the money-losing department-store chain, plans to close 33 stores and eliminate about 2,000 jobs to help save $65 million a year. The closings and cuts will result in pretax charges of $26 million in the fourth quarter and $17 million in future … Continue reading
Sears Canada / To cut 1,628 jobs
Sears Canada Inc. is cutting another 1,628 jobs after having reduced its work force last year by almost the same number as the retailer tries to bolster its struggling operations. The company said late Wednesday it will outsource jobs in three call centres to IBM, in a cost-cutting move that will affect 1,345 employees over … Continue reading
South Africa / 400 000 have come back home
While as many South Africans as live in central Cape Town have returned to the Beloved Country since 2008, state immigration policies mean that South Africa’s brain drain remains as serious as ever, a new report shows Continue reading
Atlantic Canada / 10 Apprenticeship programs being harmonized
Within the next four years, the project will harmonize 10 trades across the four provinces beginning with bricklayers, cooks, instrumentation and control technicians and construction electricians Continue reading
Moms in US / Trailing on Paid Leave
…Only 12 percent of workers get paid time off to care for a baby or a sick parent, according to the U.S. Labor Department. Rhode Island this month became the third state to start a paid family leave insurance program, which was initiated by California in 2004 and by New Jersey in 2009. A bill introduced … Continue reading
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