Job Market Monitor
Michel Cournoyer
Fed Nomination / Obama Praises Yellen
President Obama on Wednesday announced what he called perhaps his most important economic decision, nominating Janet L. Yellen to lead the Federal Reserve system and be his independent co-steward of the economy, calling her “one of the nation’s foremost economists and policy makers.” Ms. Yellen, 67, would be elevated from the Fed’s vice chairwoman to … Continue reading
Canada / Encourage Americans to head north and fill skilled positions says Conference Board
That’s the recommendation of a new that makes some interesting points while coming to what some may consider a controversial conclusion Continue reading
US / 25% of all new jobs since 2010 fall in the mid-wage range, 46% in the low
Middle-skill jobs are in the same camp as green jobs, STEM jobs, and other groups of occupations that garner lots of attention: They can be defined many ways, by many rubrics. Regardless of the definition, however, it’s clear that middle-skill, or middle-wage, jobs have been in decline for years. New research from the Federal Reserve indicates … Continue reading
Counterfeiting / 270,000 jobs lost
270,000 is the estimated figure of lost jobs in the last ten years worldwide. Of these, 125,000 were lost in the European Union. Continue reading
India / World Bank calls National Rural Employment Guarantee Act a stellar example
The World Development Report 2014 has described the Mahatma Gandhi National Rural Employment Guarantee Act as a “stellar example of rural development\”. At the heart of the World Bank’s endorsement is the direct cash transfer (to bank and postal savings accounts) component of the rural employment programme. NREGA has been described as the perfect example … Continue reading
US / The nonprofit sector employs nearly 18 times more workers than the nation’s utilities industry
A MAJOR ECONOMIC FORCE The data reported here confirm the enormous scale of the nonprofit workforce. U.S. nonprofit establishments employed nearly 10.7 million paid workers in 2010. This accounts for 10.1 percent of our nation’s total private employment and makes the U.S. nonprofit workforce the third largest among U.S. industries, behind only retail trade and … Continue reading
The Skills Gap in US / Don’t Blame Students for it
The Bureau of Labor Statistics reports that although nearly 12 million U.S. workers are unemployed, businesses report nearly four million open jobs—jobs that cannot be filled by previously displaced workers because of gaps in skills. There is clearly a mismatch between the education and skills that many Americans have and what employers need. At a … Continue reading
OECD / Skills: the ranking
Some countries have made significant progress in improving skills proficiency Older Koreans have low skills while younger ones are top performers. The Survey of Adult Skills results show how effective countries have been in developing literacy skills through successive generations. The gains made in some countries illustrate the pace of progress that is achievable. For … Continue reading
OECD / How Inequality in skills is associated with inequality in income
How literacy skills are distributed across a population also has significant implications on how economic and social outcomes are distributed within the society. The Survey of Adult Skills shows that higher levels of inequality in literacy and numeracy skills are associated with greater inequality in the distribution of income, whatever the causal nature of this … Continue reading
OECD / Countries with greater skills inequality have higher income inequality
The low-skilled are more likely than others to be unemployed, have bad health and earn much less, according to the first OECD Survey of Adult Skills. Countries with greater inequality in skills proficiency also have higher income inequality. The OECD Survey of Adult Skills is the new PISA for adults (otherwise known as PIAAC). The Survey … Continue reading
ProRail / The dutch railway operator to cut 600 jobs
ProRail, the state-owned Dutch railway network operator, is cutting its workforce by 15% over the next three years. Continue reading
Ontario / Numbers of minimum-wage workers more than double in eight years a study finds
Major shifts in the economy pushed more of Ontario’s workforce into minimum-wage jobs — more than double the share from nearly a decade ago, a new study shows Continue reading
UK / Royal Mail will cut thousands of jobs
Royal Mail has warned that thousands of postal workers will lose their jobs following its controversial privatisation. Continue reading
(Update) Alcatel-Lucent / To slash 10,000 more jobs but the government demands to “revise” the plan
French Prime Minister Jean-Marc Ayrault on Wednesday demanded that troubled telecoms company Alcatel-Lucent “revise” its plans to cut 10,000 jobs worldwide, including 900 in France Continue reading
(Update) Canada Job Grant / Ottawa willing to compromise and offering to ease the rules
Minister Jason Kenney said Ottawa is prepared to remove a barrier that forces training dollars to be divided into two categories: money for people on Employment Insurance, and a smaller amount for people who are not Continue reading
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