Job Market Monitor
Michel Cournoyer
UI Benefits Extension in US / Meet people who’ve lost them
Name: Maureen “Momo” Kallins State: Washington “I am 65 years old. For three years I worked as the General Manager and the Business Manager of a small public access television station in Washington State. I lost that job in January 2013, which supported half of our household. (I have two sons, 26 and 24, and … Continue reading
IT Skills Gap in Europe / Skills mismatches and occupational shifts have worsened
“In all countries, there is an expectation that many of the new jobs created will be in the knowledge-intensive economy,” said Glenda Quintini, a senior labour economist at the Organization for Economic Cooperation and Development. “But we are seeing a worrisome skills mismatch that means a large number of unemployed people are not well prepared … Continue reading
UI Benefits Extension in US / Obama to speak on Tuesday
President Barack Obama will ratchet up his administration\’s push for an extension of emergency unemployment benefits on Tuesday with an event at the White House attended by people whose benefits have expired
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US / The Fastest Declining Jobs
Tree-fellers, shoemakers, and postal clerks, beware. More than 30% of these jobs may disappear over the next 10 years. A new release from the U.S. Bureau of Labor Statistics sheds light on which American occupations will shrink the most in the coming decade. The 30 fastest-declining jobs are ranked by projected percent decrease between 2012 … Continue reading
US / A Jobs Agenda for the Right
Conservatives should see that there is a role for macroeconomic stimulus in getting the labor market back on its feet. Some limited, targeted, and independently beneficial federal spending can help increase long-term growth and mobility. And monetary policy with its eye on enabling growth can make a big difference. While such efforts can help establish … Continue reading
Youngest Boomers Turn 50 This Year (Infographic)
Source: The Graying of America: Youngest Boomers Turn 50 This Year – Real Time Economics – WSJ.
Minimum Wages and Living Wages in US / A map
The map and chart below show how close each state’s new minimum wage comes to reaching a living wage, meaning one in which a worker can cover food, housing, utilities and other basic expenses. In some cases it\’s not very far at all: Many of the states that raised their wage floors Wednesday still have … Continue reading
Wage Subsidy for youth in South Africa / Employment Tax Incentive Act now in effect
President Jacob Zuma on Wednesday signed into law the Employment Tax Incentive Act, to take effect from January 1 – though it will apply to all young workers hired on or after October 1 this year. The promulgation of the controversial law brings to a close a fierce battle lasting more than two years in … Continue reading
Deutsche Bahn / Hiring 10,000 new workers each year until 2020
German rail operator Deutsche Bahn spent years cutting jobs to save costs. As thousands of employees head into retirement, the company now must recruit more help, hiring 10,000 new workers each year until 2020. In August 2013, the Mainz central train station came to a virtual standstill every evening as dispatchers were either on vacation … Continue reading
UI Weekly Claims Report in US / Still a good news
In the week ending December 28, the advance figure for seasonally adjusted initial claims was 339,000, a decrease of 2,000 from the previous week’s revised figure of 341,000. The 4-week moving average was 357,250, an increase of 8,500 from the previous week’s revised average of 348,750. The advance seasonally adjusted insured unemployment rate was 2.2 … Continue reading
Electrolux in US / Plans to add 810 jobs at headquarters
Electrolux will expand its North American headquarters in Charlotte, NC., and expects to add 810 jobs in the state in the coming years. It will be the second expansion at the location in three years. The appliance maker will invest $85 million in a 20-year lease agreement, part of the development of a second building … Continue reading
Mental Health / How poverty burdens the brain (Infographic)
The poor often behave in less capable ways, which can further perpetuate poverty. THEORY: Poverty reduces cognitive capacity because poverty-related concerns consume mental resources, leaving less for other tasks. Source: SocialWorkDegreeCenter.comt via How Poverty Burdens the Brain | Social Work Degree Center.
UK / More than three quarters of a million young people believe they have nothing to live for
The Prince’s Trust Macquarie Youth Index has found that more than three quarters of a million young people believe they have nothing to live for, with jobless youngsters facing “devastating” symptoms of mental illness Continue reading
Germany / Employment hits new annual record
In 2013, more Germans had jobs than ever before in the country’s post-war history. But after seven consecutive years of improving employment figures, the jobs boom has begun to decelerate. Last year, an average of 41.8 million Germans out of a population of about 82 million was employed, according to figures released by the German … Continue reading
US / Declining labor force attachment and downward trends in unemployment and participation
The U.S. labor market witnessed two apparently unrelated secular movements in the last 30 years: a decline in unemployment between the early 1980s and the early 2000s, and a decline in participation since the early 2000s. Using CPS micro data and a stock-flow accounting framework, we show that a substantial, and hitherto unnoticed, factor behind … Continue reading
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