Job Market Monitor
Michel Cournoyer
US / A policy vacuum on jobs?
The Economic Policy Institute have been charting workers missing from the US economy – not working, but not classified as ‘unemployed’ either. As of last month their calculations show over 6 million people of working age fit this category. If these missing workers start looking for work, or are otherwise recognized as being unemployed, the … Continue reading
Youth Unemployment Rates around the world / A chart
“Youth unemployment rates were more than double total unemployment rates in most selected countries and more than triple the total unemployment rate in Italy. This has implications for lifetime income, lifetime savings, as well as related social implications at the aggregate level.” Chosen excerpts by Job Market Monitor. Read the whole story at via Total Vs. … Continue reading
US / Minimum Wage Rates for 2014
Minimum Wage Rates for 2014, Listed by State Alabama: $7.25 Alaska: $7.75 Arizona: $7.90 Arkansas: $7.25 California: $8.00 (increase to $9.00 on July 1, 2014 and $10.00 on January 1, 2016) San Francisco: $10.74 San Jose: $10.15 Colorado: $7.78 (increase to be announced January 1, 2014) Connecticut: $8.70 ($9.00 effective January 1, 2015) Delaware: $7.25 Florida: … Continue reading
Pixar / To layoff less than 5% due to ‘The Good Dinosaur’ delay – latimes.com
Pixar Animation Studios has laid off an undisclosed number of people at its Emeryville, Calif., headquarters due to the delay of its forthcoming film “The Good Dinosaur.” The layoffs affect less than 5% of the company’s 1,200-person workforce, according to a source close to the studio. In September, “The Good Dinosaur” was pushed back from … Continue reading
Us / The “Job Openings and Labor Turnover Survey” in charts
The “Job Openings and Labor Turnover Survey” tracks the number of job openings and hires in the US, which are fairly obvious indicators of the strength of the labor market. It also tracks an important, if slightly more subtle, indicator: turnover. The BLS calls these “separations,” and the number measures people who’ve quit jobs, been laid … Continue reading
Canada / Employees should keep premiums in a personal unemployment account says The Canadian Taxpayers Federation (CTF)
“Ottawa is using Employment Insurance as a cash cow,” said CTF Federal Director Gregory Thomas. “They collected $3.3 billion more in EI tax last year than they paid out in benefits, and their latest forecast says they expect to collect $4.2 billion more this year.” Continue reading
After the Arab Spring / Youth unemployment still the most urgent challenge
Across the region, economic growth has fallen since 2011. In Egypt, Syria and Tunisia, and to a lesser extent, Lebanon, it happened mainly as a result of political instability. Since young people occupied Tahrir Square in Cairo, Egypt’s economy, the region’s largest, has shrunk by 7% and exports have fallen by around 40%, while the … Continue reading
UK / Almost half of graduates work in non-graduate jobs, says ONS
Almost half of graduates in the UK are working in non-graduate roles, a report published by the Office of National Statistics (ONS) has found. Continue reading
US Jobs Stats / House panel to investigate unemployment data
Did Census Bureau employees fabricate data used in calculating the nation’s unemployment rate? A House panel, led by Republicans, has opened an investigation Continue reading
Unemployment in France / No reversal in sight
Our analysis of the labour market up to 2014, which is set out in the latest OFCE forecasts of October 2013, suggests that no significant improvement in unemployment is expected by the end of 2014 Continue reading
MBAs in US / The Job Market to get a lot worse i
If you’re graduating from business school this spring, you might want to be sitting down for this: the job market for recent MBA graduates looks poised to get a lot worse in 2014 Continue reading
Bernanke / There’s a long way to go before raises rates
“In particular, even after unemployment drops below 6.5 percent, and so long as inflation remains well behaved,” he continued, “the (Fed Open Markets) Committee can be patient in seeking assurance that the labor market is sufficiently strong before considering any increase in its target for the federal funds rate Continue reading
Brazil / Unemployment falls to record low but real wage bill growth is at its lowest level
Brazil’s wage growth is starting to ease. It’s still growing, but it is growing much slower than it has in the last two years even as unemployment hit a record low in October. Continue reading
NEETs in UK / 1.07million, a drop of 19,000 says ONS
There were 1.07 million young people (aged from 16 to 24) in the UK who were Not in Education, Employment or Training (NEET), down 19,000 from April to June 2013 and down 28,000 from a year earlier Continue reading
Chronic unemployment shortens lives finds genetics study
The results, reported in the journal PLOS One: “Among 31-year-old men, unemployment exceeding 500 days or two calendar years within the previous three years was associated with shorter leukocyte telomere length,” the researchers report Continue reading
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