Job Market Monitor
Michel Cournoyer
Austerity in US / Public sector employment has fallen by over 600,000 during the ‘recovery’
As Ben Bernanke put it, “people don’t appreciate how tight fiscal policy has been” Continue reading
Apps for Your Job Search
A few more specialized apps that add some real firepower to your arsenal Continue reading
Benefits Overview in US / 68 % of workers have access to a pension plan
The National Compensation Survey (NCS) provides comprehensive measures of compensation cost trends, as well as incidence and detailed provisions of employee benefit plans. This bulletin presents estimates of the incidence and key provisions of selected employee benefit plans. Estimates presented are on benefits for civilian workers—workers in private industry and in state and local government—by … Continue reading
Job Vacancies in Canada / 6.0 unemployed people for every job vacancy up from 5.2 one year earlier
The increase in the unemployment-to-job vacancies ratio was the result of fewer job vacancies, as the number of unemployed people was little changed Continue reading
Long-Term Projections for Social Security in US / 58 M people currently receive Social Security benefits
Of those 58 million, about 70 percent are retired workers or their spouses and children, and another 11 percent are survivors of deceased workers; all of those beneficiaries receive payments through Old-Age and Survivors Insurance (OASI). The other 19 percent of beneficiaries are disabled workers or their spouses and children; they receive Disability Insurance (DI) benefits Continue reading
Employment Insurance (EI) in Canada / The number of beneficiaries fell 8.4% in a year
Provincially, British Columbia, Alberta and Saskatchewan were the only provinces with notable increases in the number of regular EI beneficiaries in October compared with September, while New Brunswick was the lone province to experience a decrease over the same period Continue reading
Pension Plans in Canada / Membership in registered pension plans (RPPs) up 0.8%
Membership in public sector pension plans rose by 0.6% to 3,160,000, while the number of members in private sector plans increased 1.0% to 2,954,700. The public sector accounted for 52% of total membership in RPPs Continue reading
Canada / Moore should remember that Poverty costs Canada billions of dollars every year
Here’s something Industry Minister James Moore should know, after making his remark that the federal government is not in the business of feeding Canada’s poor children. Every year, Campaign 2000, a non-partisan public education movement to build awareness around poverty issues in Canada, releases a report on the state of our country’s children. It doesn’t … Continue reading
The FED / A highly accommodative stance of monetary policy will remain appropriate for a considerable time (video)
The Committee also reaffirmed its expectation that the current exceptionally low target range for the federal funds rate of 0 to 1/4 percent will be appropriate at least as long as the unemployment rate remains above 6-1/2 percent, inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee’s 2 percent longer-run goal, and longer-term inflation expectations continue to be well anchored Continue reading
Long-Term Unemployment in US / A new team of five researchers at MIT
If there is a way out of America’s crisis of long-term unemployment, it\’s possible nobody has a better chance of finding it than a new team of five researchers based at the Massachusetts Institute of Technology. Their project, the Institute for Career Transitions, will take a data-driven approach to figuring out the best way to … Continue reading
The 20th century framework for work is not the first such formulation and it will not be the last
There were other mainstream understandings before it—factory work, piece-meal work, craftsmanship and apprenticeship—and undergirding them were a mix of cultural and political factors Continue reading
Unemployment Insurance in US / Worse than most other developed countries (video)
Long-term unemployment in the U.S. is twice as high as it was before the financial crisis. That\’s according to the Center on Budget and Policy Priorities. Yet Congress did not extend unemployment benefits in the latest budget deal. Less well known is how the U.S. has one of the least generous unemployment insurance systems in … Continue reading
Europe Central Bank / Interest rates to stay low to help growth and job
Interest rates will stay low to support economies and jobs, European Central Bank Governing Council member Ewald Nowotny told a newspaper, dismissing complaints that low rates were hurting savers. “Given the economic situation, the level of interest rates will remain low because it is in the overall economic interests to have this support for growth … Continue reading
Gender Job Gap in US / Women not part of manufacturing turnaround
Since February 2010, the U.S. manufacturing industry, which appeared to be in a terminal decline for more than 30 years, has added more than 554,000 jobs to the workforce, according to the Joint Economic Committee of the U.S. Congress. However, in that same time frame, men have gained 565,000 jobs in the sector and women lost … Continue reading
Google+ / A Recruiter’s Advantage
Most likely you’re already using LinkedIn, Facebook, and Twitter, but what many recruiters don’t know is that Google+ is starting to make an impact Continue reading
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