Job Market Monitor
Michel Cournoyer
US / Gallup’s measured payroll to population rate increases slightly in october
The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, rose slightly to 43.8% in October, from 43.5% in September. P2P in 2013 continues to lag behind 2012; P2P last month is down almost two percentage points from the 45.7% found in October 2012. via U.S. Payroll to Population Rate Increases Slightly in … Continue reading
World Bank on Europe and Central Asia / Creating More and Better Jobs
The World Bank recommends actions for creating more jobs and making them more accessible HIGHLIGHTS A new regional report examines the role of policy reforms, firms, skills, incentives and barriers to work in Europe and Central Asia, and ways to create more and better jobs. Report suggests that countries must regain their momentum for economic … Continue reading
Novartis / To Cut 500 Jobs
Novartis AG (NOVN) plans to close two sites in Europe, move staff from California to the Boston area and cut about 500 jobs in an effort consolidate its research operations, especially in respiratory diseases. Novartis plans to close sites in Horsham, England, and Vienna and move cancer research from Emeryville, California, to Cambridge, Massachusetts, Eric … Continue reading
Canada Job Grant / It is misleading say unions calling for new monies for it
Labour organizations, including the Ontario Federation of Labour, Unifor, and CUPE-Ontario are calling on the federal government to find new monies for the Canada Jobs Grant, instead of absorbing funds earmarked for crucial training and employment services. The labour organizations are raising their concerns in advance of a November 8 meeting of Federal Minister of … Continue reading
US / ADP’s numbers: 130,000 private-sector jobs added in October, the smallest gain since April
Business hiring slowed this month with the private sector adding just 130,000 net new jobs as the partial government shutdown hit an already weakening labor market, payroll processor ADP said Wednesday. The figure was below the 150,000 average monthly job growth in the sector over the previous year as the hiring in the service sector … Continue reading
Conference Board International Labor Comparisons / Labor Markets Remain Stable in Many Advanced Economies – MarketWatch
Labor markets remain stable in many advanced economies, according to unemployment rates and employment growth data compiled and standardized by The Conference Board International Labor Comparisons (ILC) program for September. The unemployment rate in September was unchanged in four of the nine countries compared. Unemployment decreased in three countries – U.S., Japan and Australia. Japan … Continue reading
Job Search Tips / Interview with an employer that isn’t at the top of your list
This will give you an opportunity to practice your interviewing skills Continue reading
US Skills Gap / Who’s to blame for it ?
New data suggest that although many companies continue to complain about the so-called skills gap, few are taking steps to fix it. Continue reading
UK / The Gender pay gap still at 15%
Official figures analysed by the TUC show the hourly rate of pay for men is £26.54 and for women £18.32, with the disparity even wider in part-time jobs Continue reading
What is full employment in Canada ? / Too few Canadians are unemployed to meet the inflation target writes CIBC
The Bank of Canada is careful to express the degree of slack in the economy through reference to the “output gap,” a measure tied to real GDP. That avoids ever having to say that too few Canadians are unemployed to meet the inflation target, but that’s really what’s implied when the output gap turns positive writes CIBC Continue reading
Canada Job Grant and the Provinces / Only Quebec, Ontario and Saskatchewan have consistently used their entire federal Labour Market Agreement’s funds
According to a government document obtained by Postmedia News, only Quebec and Ontario have consistently used their entire federal contribution under the Labour Market Agreement – about $116 million and $204 million, respectively, in 2011-12, the most recent year for which figures were available. Saskatchewan has too in more recent years. Continue reading
US Veterans / 100,000 Jobs Mission Doubles Its Hiring Commitment
The 100,000 Jobs Mission announced today a new commitment: hire 100,000 more U.S. military veterans. In total, participating companies plan to hire 200,000 by 2020 Continue reading
US / UI Claims decrease by 9,000 to 336,000, lowest level this fall
SEASONALLY ADJUSTED DATA In the week ending November 2, the advance figure for seasonally adjusted initial claims was 336,000, a decrease of 9,000 from the previous week\’s revised figure of 345,000. The 4-week moving average was 348,250, a decrease of 9,250 from the previous week\’s revised average of 357,500. The advance seasonally adjusted insured unemployment … Continue reading
Commerzbank / To cut 5,200 jobs by 2016
Commerzbank AG (CBK), the German lender that plans to cut 5,200 jobs by 2016, said two executives will leave its management board as part of the reductions Continue reading
(Update) RWE / Would cut 3,400 jobs
RWE , Germany’s No.2 utility, will be cutting some 2,500 jobs in its power generating business in Germany over the next few years, a source familiar with the plans said on Wednesday. In a bid to cope with tepid energy demand in Europe as well as loss-making power plants, RWE would also cut jobs in … Continue reading
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