Michel Cournoyer

Michel Cournoyer has written 10915 posts for Job Market Monitor

Economics 101 / Types of Unemployment by St. Louis Fed

When we talk about unemployed resources, we usually do so with respect to labor (e.g., “Uncle Billy lost his job and he is now unemployed”). The blue line on the chart illustrates the proportion of the labor force not being used to produce goods and services—that is, the unemployment rate. Let’s discuss the three types … Continue reading

Canada / ‘Young people have been completely betrayed by Canada says Unifor President Jerry Dias

Young people have been completely betrayed by Canada. In August I think about 60,000 jobs were created, but the problem is of course that 70 per cent are precarious jobs, contract jobs, part time jobs. The worst and the most staggering figure that came out of that is that a majority of those jobs were … Continue reading

US / More Than 8,000 Healthcare Jobs Cut in September

For the third time in the last five months, healthcare had the most job cuts of any sector, with 8,128 reported layoffs in September, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas. Over the course of this year, healthcare organizations have cut 41,085 total jobs, according to Challenger, Gray & … Continue reading

Only 13% of Employees Are Engaged at Work, highest proportions of actively disengaged in Middle East, North Africa and sub-Saharan Africa

Only 13% of employees worldwide are engaged at work, according to Gallup’s new 142-country study on the State of the Global Workplace. In other words, about one in eight workers — roughly 180 million employees in the countries studied — are psychologically committed to their jobs and likely to be making positive contributions to their … Continue reading

California / Gender gap persists in most occupations

California men and women continue to largely segregate into different professions, the latest census figures show. Of the 100 most common occupations in California, only 20 have roughly an equal number of male and female workers, according to the data, which come via the state Department of Finance. Jobs typically done by men often pay … Continue reading

US-China / The first ever AFL-CIO president to make the trip

China has been something of a problem for the American labor movement over the past, oh, half century: It\’s absorbed hundreds of thousands of formerly American jobs, playing a big role in the collapse of U.S. manufacturing. During that time, no sitting AFL-CIO president has seen fit to pay a visit — until this past … Continue reading

From the fiscal cliff to sequestration / Cost about 900,000 jobs lost … and the potential for another recession

From the fiscal cliff to sequestration to the current shutdown debt ceiling debate: What\’s the cost of the U.S. government careening from crisis to crisis? About 900,000 jobs lost … and the potential for another recession. That’s the conclusion of a new report prepared by research firm Macroeconomic Advisers for the Peter G. Peterson Foundation. … Continue reading

US / 47 per cent of working now expect to retire later survey finds

Stung by a recession that sapped investments and home values, but expressing widespread job satisfaction, older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce. Some 82 per cent of working Americans over 50 say it is at least … Continue reading

Freelancing / The Perfect “Second Career”

Sometimes the start of your career can be tough. You’re trying your hardest to move up in your job, and an entry-level income often just doesn’t cut it. To supplement their incomes, many Millennials take on second, part-time jobs as freelancers. Freelancing part-time requires good time management skills. You need to be willing to devote … Continue reading

Law Jobs in the US right now / 39,892 reports LawCrossing

News concerning law firm layoffs, the grim employment scenario for law school graduates and reduction in the hourly legal fees of attorneys had disappointed many legal career aspirants. But, the latest job search on LawCrosing.com offers a ray of hope to jobless law degree holders, looking for placements in the legal sector. The leading legal … Continue reading

Pioneer Foods (South Africa) / To cut 10% of jobs

Local media reported that Pioneer plans to cut 10 percent of its more than 12,000 employees Continue reading

UI in the US / Extending unemployment benefits increases unemployment research finds

Extending unemployment benefits puts an upward pressure on equilibrium wages, which induces lower vacancy posting by firms and consequently an increase in unemployment research finds. Unemployment in the U.S. rose dramatically during the Great Recession and has remained at an unusually high level for a long time. The policy response involved an unprecedented extension of … Continue reading

Anti-Poverty Week / The best solution is job creation

Today marks the beginning of – Anti-Poverty Week – in Australia and elsewhere Continue reading

Scunthorpe Telegraph / 1,000 jobs in Thursday’s

Will be printing details of around 1,000 vacancies in our special Big Jobs Day supplement on Thursday Continue reading

UK / A 73 per cent increase in the number of ‘job-seeking’ EU immigrants

The findings led Boris Johnson to urge the Prime Minister to demand a change in EU laws to delay migrants’ access to benefits Continue reading

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