Job Market Monitor
Michel Cournoyer
Kellogg’s / 500 Layoffs in London, Ont.
The Kellogg’s plant in London, Ont., will close by the end of 2014, resulting in the loss of more than 500 full-time jobs. The employees were told the news Tuesday during a staff meeting. “As with any project of this scope and one that impacts people, these are difficult decisions,” John Bryant, president and chief … Continue reading
Older employees have lower health risks study finds
Despite being twice as old as those in their 30s, 60 year-old employees have lower health risks, findings from PruHealth suggest Continue reading
Unemployment Insurance in US / Has it increased joblessness ?
House-Senate negotiators are close to a modest budget accord to avoid another government shutdown, but suddenly the White House is introducing a last-minute demand. Five years into an economic recovery that President Obama often hails as miraculous, he wants to extend unemployment benefits one more time. Maybe it’s time to consider whether the big expansion … Continue reading
The Fed and the Unemployment Rate / Fisher says he’s opposed to cutting the 6,5% threshold
The Federal Reserve should not keep changing the goalposts for raising interest rates, a top Fed official said, just a week before the U.S. central bank convenes a policy-setting meeting where that possibility is likely to be discussed. Dallas Fed President Richard Fisher told an agricultural group in Chicago that the Fed’s current threshold for … Continue reading
US / Was NAFTA good for workers ?
The North American Free Trade Agreement (NATFA) was the door through which American workers were shoved into the neoliberal global labor market. By establishing the principle that U.S. corporations could relocate production elsewhere and sell back into the United States, NAFTA undercut the bargaining power of American workers, which had driven the expansion of the … Continue reading
US / For a Job Guarantee program (government as an “employer of last resort”)
More than five years after the fall of Lehman Brothers we are still dealing with the problem of high unemployment, the worst kind of “waste” in economic theory. Is there a better approach? A number of scholars, notably Professor Randy Wray of the University of Missouri-Kansas City, have long proposed a Job Guarantee program or … Continue reading
Unemployment and Minimum Wages in Europe, 2013 – A Table
Unemployment and Minimum Wages in Europe, 2013 via Stephen Hicks, Ph.D. » Table: Unemployment and Minimum Wages in Europe, 2013.
Job Search and Hiring / The Smartphone Revolution
Nearly one-third of google searches for “jobs” come from mobile devices, making the smartphone the engine of choice for job seekers and recruiters alike Continue reading
Canada / All the jobs created since a year were in the low-paying, economically insecure, sales and service occupations
From November 2012 until November 2013 economist Andrew Jackson reports that all the jobs created in Canada were in the low-paying, economically insecure, sales and service occupations. The CPC are the bad jobs party. An in-depth report done in 2013 by McMaster University and the United Way looked at how people living in the Greater … Continue reading
Canada / Governments slash jobs at record pace
Canadian governments are slashing jobs with notable speed, one of the reasons behind the weaker showing in the labour market. Continue reading
Labor Shortages in Canada / A reason why you’re often behind schedule and over budget
Energy companies trying to raise almost $50 billion for Canada’s first network of natural gas export terminals will face an even more basic challenge: finding the workers to build them Continue reading
Car Makers in US / The federal bailout saved 1.5 million U.S. jobs a study finds
The federal bailout of General Motors Co, Chrysler and parts suppliers in 2009 saved 1.5 million U.S. jobs and preserved $105.3 billion in personal and social insurance tax collections, according to a study released on Monday. The Bush and Obama administrations loaned the auto industry, including GM and Chrysler, which is now controlled by Italy’s … Continue reading
Conservatives in Canada / Cuts in social programs are changing the country
“It is changing Canada,” former Saskatchewan premier Roy Romanow says of the current federal approach to social and economic policy Continue reading
Youth unemployment in Nigeria / The Federal Government must declare emergency
The Chairman, Senate Committee on Environment and Ecology, Dr. Bukola Saraki, on Monday urged the Federal Government to declare a state of emergency on youths’ unemployment to address youth restiveness and enhance peaceful co-existence in Nigeria. He spoke in Ilorin at a one day technical youth summit for unemployed youths in Kwara State titled ‘Youths … Continue reading
Most labor economists consider that unemployment benefits have only a modest negative effect on job search writes Krugman
On the contrary, unemployment benefits help create jobs, and cutting those benefits would depress the economy as a whole he says Continue reading
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