Job Market Monitor
Michel Cournoyer
Unemployment Insurance Extensions in US / 310,000 Jobs lost in 2014 if they expire finds the Economic Policy Institute
Federally funded extended unemployment insurance (UI) benefits are set to expire at the end of this year. These benefits serve two very useful public purposes. Most obviously, they provide a lifeline to the long-term unemployed and their families during the deepest and longest economic downturn since the 1930s.1 Less understood but equally crucial, the UI … Continue reading
Canada Job Grant / No agreement reached on friday
Ottawa needs to satisfy the provinces’ concerns if it wants to launch the program, said Ontario minister Brad Duguid. “The fact of the matter is, the provinces and territories are very united on this,” said Duguid. “We will not fund or support any program that funds a new federal program on the backs of our … Continue reading
Young in Europe / The most educated generation ever
A youth unemployment conference with European heads-of-state to be held in Paris on November 12 and debated at a major youth forum in Strasbourg in May 2014 Continue reading
US / The steady-state unemployment rate stands currently at 6.7 percent
The actual unemployment rate converges toward this steady state UR Continue reading
Women in Turkey / Employment on the rise in urban areas
Some 1.5 million new jobs have been created in the last four years for women in non-agricultural sectors in urban areas, according to an employment report released by the Economic Policy Research Foundation of Turkey (TEPAV) yesterday. While some 3.4 million women worked in non-agricultural sectors in June 2009, this number increased to around 4.9 … Continue reading
US / Federal regulations have created 227,500 jobs in compliance industry
A growing thicket of federal regulations under the Obama administration has contributed to an employment spike in at least one corner of the job market: the increasingly vital compliance industry Continue reading
US / Less government revenue will come from the long-term side of declining Labor Force Participation Rate
When the LFPR drops by 0.1% it means that there will be 180,000 less workers filling the tax bucket Continue reading
The ‘Optimal’ unemployment insurance
Benefit-extension programmes reduce competition for jobs. Since the programme induces eligible job seekers to search less hard, non-eligible job seekers face lower competition and find jobs more easily Continue reading
Australia / Unemployment rate at 5.7 per cent, from from 5.6, as participation rate remains seven-year low
The ABS has revised September’s jobless figure from 5.6 per cent to 5.7 per cent, meaning the jobless rate has held effectively held steady for the past two months Continue reading
BC Skills Gap / Only 18 per cent of employers with trades have apprentices
Difficulty finding a job for that valuable work experience is a challenge for many beginning tradespeople Continue reading
Greece / More layoffs ‘required’ say EC, ECB and IMF
The representatives of the European Commission, the European Central Bank and the International Monetary Fund, however, are deaf to his warnings. They are demanding additional belt-tightening measures, including more layoffs. Continue reading
Dominick’s in Chicago / 5,600 layoffs
Dominick’s officially notified the state on Oct. 30 that it is closing all of its Chicago-area stores Dec. 28, affecting a total of 5,633 workers. Continue reading
(Update) US Job Report / Job creation picks up despite government shutdown
Job creation picks up despite government shutdown. Indeed, furloughed workers are counted on the payroll. But the household survey says something else: a drop of -735,000 in the number of people employed. Furloughed are counted as unemployed in the household survey. Continue reading
Canada / Expanding Canada Pension Plan benefits and the debate over the premiums
Finance Minister Jim Flaherty thinks that expanding Canada Pension Plan benefits might be a good idea, but just not now. The Canadian Federation of Independent Business thinks it might never be a good idea and has launched a national campaign against the reform. Continue reading
Canada / Employment little changed and the unemployment rate remained at 6.9% in October
Editor’s Note: At 6,9%, the unemployment rate is down by -0.5 pp since last year. But this is due to the -0.4 pp drop in the participation rate as the employment-to-population ratio is down by -0.1. This is hardly the picture of a dynamic labour market. Continue reading
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