Job Market Monitor
Michel Cournoyer
France / Unemployment Rate hits 16-year high
Unemployment rate in France rose to its highest level in nearly sixteen years in the third quarter, the latest figures from the statistical office Insee revealed Thursday Continue reading
Canada Job Report / Employment up by 22,000, UR at 6.9% for the third month in a row
Employment continued on a slight upward trend for the third consecutive month, edging up 22,000 in November. The unemployment rate held steady at 6.9% for the third month in a row. So far this year, employment growth has averaged 13,400 per month, compared with an average of 25,400 over the same period in 2012. Chart 1 Employment Provincially, employment rose in Alberta and declined in … Continue reading
US Job Report / Total nonfarm payroll employment rose by 203,000 and UR down at 7.0%
Those are good news. But the employment-population ratio is lower than in was a year ago. This performance must be repeated for several months Continue reading
China / Grads encouraged to work in private firms
Statistics showed that applicants taking the civil servant exam this year totaled 1.52 million Continue reading
Traffic Jam in US / Up to 480,000 high-skilled jobs are at risk
The report, The Role of Transit in Support of High Growth Business Clusters in the U.S., conducted by the Economic Development Research Corporation and commissioned by APTA, projects that 480,000 new jobs representing $32 billion per year in income will be at risk due to congestion by 2040 Continue reading
AOL / 20 layoffs
Layoffs hit AOL yesterday, Capital has learned. The majority of impacted employees worked on the editorial side of the AOL.com homepage, according to sources with knowledge of the cuts, who put the total number of pink slips around 20. The culling, one of numerous that have hit different areas of the web portal in recent … Continue reading
US / Government-financed jobs account for more than 25 percent of nonfarm payroll jobs in seven states
In 2012, public-sector employment made up more than 16 percent of the US labor market. Direct government employment fails to capture the full impact of government spending on state labor markets Continue reading
Qantas / To slash 1,000 jobs
Lower demand, a strong Australian dollar and steep fuel costs have put pressure on the airline and Qantas said conditions were expected to remain volatile next year. The airline expects to post pre-tax losses of between 250 million (£138m) and 300 million dollars (£165.5m) for the six months to December 31. Qantas is trying to … Continue reading
Obama’s Job Performance / Most Young People Are Unhappy
Young Americans are unhappy with virtually every major thing President Barack Obama has done since he was re-elected, but they would still vote for him today, according to the results of a Harvard University survey released on Wednesday. The national poll by Harvard’s Institute of Politics of more than 2,000 people aged 18 through 29 … Continue reading
US / Jobless Claims Fall to 298,000 in Latest Week
The number of people filing for new unemployment benefits fell for the third straight week, a sign of an improving labor market. Initial claims for jobless benefits, a measure of layoffs, decreased by 23,000 to a seasonally adjusted 298,000 in the week ended Nov. 30, the Labor Department said Thursday. Economists surveyed by Dow Jones … Continue reading
Sun Media / 200 new layoffs
In the third round of layoffs in the past 13 months, Sun Media Corp. is eliminating 200 positions across the newspaper chain. About a quarter of the jobs will be cut from editorial, in what the corporation called a “response to the impact of digital.” As readers turn to digital media, newspapers have had difficulty … Continue reading
Canada / The truth about job creation and unemployment
While Canada’s record in raw job creation is not bad (in our calculations, 2nd in the G-7 and 10th in the OECD), job creation alone is a misleading measure of the overall health of Canada’s job market Continue reading
US / No evidence that lowering taxes on corporate profits will lead to more job creation Center for Effective Government finds
22 of the 30 corporations that paid the highest tax rates (30 percent or more) on their reported profits created almost 200,000 jobs between 2008 and 2012. Only eight of the 30 firms paying high tax rates reported reducing the number of employees between 2008 and 2012 Continue reading
Hewlett-Packard in UK / To cut 1,124 jobs says union
U.S. IT group Hewlett-Packard Co is set to cut 1,124 jobs in Britain at the start of next year, the Unite union said on Wednesday. Unite said it had attended a meeting where managers were outlining their plans to cut jobs at the group’s sites in Bracknell, Sheffield and Warrington in the first three months … Continue reading
Mobile for Job Search / Is it used widespread among Hispanics ?
Question: Is mobile’s use for job searches widespread among Hispanics? Is it a prevalent form among companies to seek employees through mobile? Luis Salazar: “In this segment, more than 60% of workers prefer to use their mobile devices for job search; however, only 15% of employment sites allow to complete applications from a smart … Continue reading
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