Job Market Monitor
Michel Cournoyer
Work share benefits both sides, not layoffs
“Work share benefits both sides,” says Wayne Vroman, a senior fellow at the Urban Institute, a nonpartisan Washington think tank focused on economic and social policy research. “Employers get to retain skilled workers and at the same time workers aren’t getting laid off.” Continue reading
It’s great to be the boss pool finds
It pays to be the boss, in more ways than one Continue reading
US Monetary Policy / On unemployment vs the fear of inflation
The Fed’s reliance on the unemployment rate for determining when to pull back on bond purchases may prove troublesome. That’s because statistics on the supply of labor are notoriously tricky to evaluate, particularly when it comes to gaging their relationship to inflation Continue reading
Women, Career and Life / Reflexion on the nomination of Janet Yellen
Something very significant has just happened. It may or may not be on your radar – and if it is, you may be wondering what the appointment of 67-year-old Janet Yellen as the next chair of the US Federal Reserve, America’s central bank, has to do with you. The answer is: Janet Yellen is a … Continue reading
US / Women in Poverty
More than 100 million Americans either live near the brink of poverty or churn in and out of it, and nearly 70 percent of these Americans are women and children Continue reading
Italy / Unemployment at 37-year high, youth unemployment at 42 percent
Italy’s unemployment rate rose to a record high of 12.7 percent last November, revealed the National Institute of Statistics (ISTAT) on Wednesday, with some 55,000 people losing their jobs during the month. Continue reading
Does America need immigrants to take low-skill jobs ?
According to the pair of economists, the country will offer 3.6 million new jobs in sectors such as health care, food service, construction and janitorial services. But there will only be 1.7 million new American workers between ages 25-54 entering the workforce, many of whom might be unwilling to do the very work to be done Continue reading
US / 72 percent approve minimum wage hike, including a majority of Republicans pool says
Voters support raising the federally mandated minimum, 72 percent to 27 percent, including a majority of Republicans, who support it 52 percent to 45 percent, according to a Quinnipiac poll out Wednesday Continue reading
US / Planned layoffs to lowest level since 2000
The number of planned layoffs at U.S. firms plunged by 32 percent in December to the lowest monthly total in more than 13 years, a report on Thursday showed Continue reading
Macy’s / 2,500 jobs cuts
Macy’s said Wednesday it plans to lay off about 2,500 employees and close some stores as part of a cost reduction plan Continue reading
An App for those who quit
Adding a splash of humor to the otherwise serious job search, job-matching giant TheLadders teamed up with BreakupText creators Lauren Leto and Jake Levine to bring disgruntled employees a tongue-in-cheek way to terminate their employment. With a few taps, the comical Quit Your Job iPhone app generates personalized resignation messages that employees can text to … Continue reading
Age Discrimination Is On The Rise / Is 50 the new 65 ?
In every corner of America, millions of people are terrified of losing their jobs and falling into financial ruin. Men and women with impressive professional achievements and credentials are being let go, nudged out and pushed aside. They are pounding the pavement and scouring the job sites, but find themselves turned away even for the … Continue reading
The labor market implications of technological change in US
The rate of technological innovation obviously has major labor market effects. What is the relationship between new technological advances and the current skill distribution of the labor force? Continue reading
Unemployment in Europe / Euro-Area held at record 12.1% and 5.661 million young persons (under 25) were unemployed in the EU28
Euro-area unemployment held at a record in November as policy makers struggled to bolster the recovery from the currency bloc’s longest recession. The jobless rate remained at 12.1 percent, the European Union’s statistics office in Luxembourg said today. That’s in line with the median estimate in a Bloomberg News survey of 26 economists. After several … Continue reading
Canada / The myth of the skills shortage
Canada’s federal politicians are fond of trumpeting that Canada’s economy has performed better than almost any other jurisdiction, and that we should be thankful for their “prudent economic management.” In actual fact, however, the hard numbers indicate that Canada’s jobs performance has been ho-hum at best — and isn’t getting any better. Part of the … Continue reading
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