Michel Cournoyer

Michel Cournoyer has written 10915 posts for Job Market Monitor

Monetary Policy / Why it matters whether the fed targets inflation or unemployment

Analysis suggests that in the United States today, it might be appropriate for interest rates to remain low until unemployment crosses a “threshold” as low as 5.5 percent Continue reading

US / Unemployment Extension News

House and Senate Democrats introduced legislation to renew the federal Emergency Unemployment Compensation (EUC) program for 2014. Here’s information on the legislation which would extended unemployment benefits for 2014, and more information on the proposed unemployment extension for 2014. Chosen excerpts by Job Market Monitor. Read the whole story at  via Unemployment Extension News.

Deutsche Telekom / To cut up to 6,000 jobs

Deutsche Telekom plans to cut up to 6,000 jobs at its IT services business T-Systems, Handelsblatt newspaper reported on Monday, citing company sources Continue reading

Japan / The new grads job market

University students and others set to graduate in spring 2015 cannot be overly optimistic during this year’s job hunting season, which officially started Sunday, as companies are generally willing to take on more new hires due to signs of economic recovery but major firms remain highly selective. The employment rate among new graduates this spring … Continue reading

Unemployment in Europe / 26.654 million men and women in the EU-28, 19.298 million in the euro area (EA-17)

ompared with September 2013, the number of persons unemployed decreased by 75 000 in the EU-28 and by 61 000 in the euro area. Compared with October 2012, unemployment rose by 512 000 in the EU-28 and by 615 000 in the euro area Continue reading

The Nordic Countries / Statistics on integration

Nordic Pocket Facts is the result of cooperation between the Nordic countries that began in 2011. It provides a picture of the similarities and differences of labour market integration in the Nordic countries. It also provides a tool for detecting, revealing and preventing barriers to integration such as discrimination Continue reading

Tell Congress on Extensions : American Federation of State, County and Municipal Employees, AFL–CIO campaings

The American Federation of State, County and Municipal Employees, AFL–CIO campaings for the re-authorization of federal Unemployment Benefits. Here is the link to the petition: via Tell Congress: Re-authorize Federal Unemployment Benefits.

5 features of the United Arab Emirates and Qatar employment law

The UAE contains a number of free zones, which are subject to special rules in areas such as customs, taxation and foreign company ownership. Qatar has one free zone, which was set up primarily to attract foreign investment. In the UAE, employment relationships are generally governed by the UAE Federal Labour Law, while some free … Continue reading

France / Hollande on unemployment deadline: ‘We will have to work on it ‘

French President Francois Hollande wavered on Thursday over his politically sensitive pledge to bring unemployment down by the end of the year, saying it would take as long as necessary. The unpopular Socialist leader has staked his credibility on turning around the euro zone’s second-biggest economy and lowering the jobless rate, which now stands at … Continue reading

UK needs a better developed vocational higher education system with higher apprenticeships says AoC’s rep

Universities are trying to fit a “square plug into a round hole” by attempting to “tack on” employability skills to a three-year academic degree, a college representative has said. Nick Davy, higher education policy manager at the Association of Colleges (AoC), argued that England instead needed a better developed vocational higher education system, including a … Continue reading

Australia / Rio Tinto suspends Gove production and cut 1 500 jobs

Mining giant Rio Tinto has suspended production at its Gove alumina refinery, in the Northern Territory, as the operation is no longer viable in a low price, high exchange rate environment. Instead, the diversified mining group would shift its focus in the region to its bauxite operations. “This is a very sad day for everyone … Continue reading

New York City / The undervalued retail worker

A 2011 study of 436 New York City retail workers commissioned by the Retail Action Project, a workers’ advocacy group, found that one-third of the workers surveyed, their average age 24, are supporting a family member on their paltry wages Continue reading

UniCredit Bank Austria / To cut up to 850 jobs

UniCredit Bank Austria will cut up to 850 jobs in Austria as part of a plan to slash 130 million euros ($176 million) in administrative costs, it said on Thursday, blaming rising state burdens in a saturated market. Austria\’s bank levy delivers a 97 million euro annual hit and additional costs from new regulatory requirements … Continue reading

India / TCS wins 1,000 offshore jobs from British energy firm NPower

India’s largest IT service provider Tata Consultancy Services Ltd (TCS) on Thursday won a major deal to handle nearly 1,000 offshore jobs for the British energy giant NPower as part of its restructuring Continue reading

Germany / Unemployment edges up to 2.5 year high

Germany’s unemployment rate climbed in November for the fourth consecutive month, hitting its highest level since April 2011. Data from Germany’s Federal Labour Agency showed that, on a seasonally adjusted basis, 10,000 more people were out of work in November than in October. Federal Labour Agency Chairman Frank J. Way said that the key reason … Continue reading

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