Job Market Monitor
Michel Cournoyer
US Job Generation Gap / We’re All In This Together
In all likelihood, job numbers mean that fewer aging Americans have the financial means to retire Continue reading
Telecoms / The jobs market is ‘strong’ says Manpower
Continuing activity in the cable, broadband and television markets has led to a another positive jobs market in the telecoms sector, according to recruitment and services company Manpower. Demand for telecoms jobs in the current quarter sees six percent more telecoms firms hiring rather than reducing staff, says Manpower. This is in line with the … Continue reading
President Obama / Defends Jobs Record in Address to AFL-CIO
President Barack Obama told the largest U.S. labor group that his administration has helped improve job conditions and wages though there is more to be done. Since the financial crisis, U.S. businesses have created 7 million jobs and the automobile industry is leading a comeback of the nation’s manufacturing sector, Obama told the AFL-CIO convention … Continue reading
Bank of America / To lay off thousands in mortgage business
Layoffs at Bank of America Corp’s mortgage business will amount to about 2,100 positions, a source told Reuters on Monday, in response to weak refinancing activity. The downsizing reflects the second-largest U.S. bank’s “ongoing efforts to streamline our facilities and align our cost structure with market realities,” Bank of America said in a statement in … Continue reading
Canada / Retailers welcome freeze on employment insurance premium rates
Retail Council of Canada (RCC) fully supports the Government’s announcement today of a three-year freeze of Employment Insurance (EI) premium rates Continue reading
Germany / Lack of skilled workers ‘is costing SMBs billions’
The increasing shortage of skilled workers is costing Germany’s small and medium-sized businesses (SMBs) billions of euros, a study claims Continue reading
Job Search / Beautiful women get more callbacks for job interviews, study says
Life really is easier for attractive people. They make more money, get promoted faster, and many times are simply more successful. And according to a new study, they have a much easier time job hunting. Italian researchers sent more than 10,000 resumes out, using the same one and changing only first-name, last-name, address, and the … Continue reading
US / The latest job report is badly received
Here is an overview of the numerous comments on the latest job report even if the report concludes on the lowest the unemployment rate since November 2008. This drop was mainly due to a decrease to 63.2% of participation rate as the employment to population ratio declined to 58.6%. ‘The drop in the main unemployment rate was driven … Continue reading
Canada / Employment increased by 59,000 in August and the unemployment rate declined to 7.1%
Employment increased by 59,000 in August, mainly in part-time work, and the unemployment rate declined 0.1 percentage points to 7.1%. Over the six months to August, employment gains averaged 12,000 per month, lower than the average of 29,000 observed during the preceding six-month period. Since August 2012, employment has increased 1.4% (+246,000). At the same time, the number of hours worked has grown 1.3%. Chart 1 Employment Provincially, employment … Continue reading
US / Employment increased by 169,000 in August and and the unemployment rate was little changed
Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate was little changed at 7.3 percent, the U.S.Bureau of Labor Statistics reported today. Employment rose in retail trade and health care but declined in information. Household Survey Data Both the number of unemployed persons, at 11.3 million, and the unemployment rate, at 7.3 percent, changed … Continue reading
Does education really matter when recruiting ?
From an interview with Laszlo Bock, senior vice president of people operations at Google On the hiring side, we found that brainteasers are a complete waste of time. How many golf balls can you fit into an airplane? How many gas stations in Manhattan? A complete waste of time. They don’t predict anything. They serve primarily to … Continue reading
US / With over $1 trillion in outstanding student loans, it is time for higher education to be innovative
The largest bank in the United States will stop making student loans in a few weeks. JPMorgan Chase has sent a memorandum to colleges notifying them that the bank will stop making new student loans in October, according to Reuters. The official reason is quite bland. “We just don’t see this as a market that … Continue reading
LinkedIn / Most Recruiters Who Use Social Media
A new Jobvite survey on social media recruiting says that 94 percent of recruiters who use social media use LinkedIn Continue reading
US / Those working in the private sector are less likely to have paid vacation days than 20 years ago
Americans working in the private sector are less likely to have paid vacation days than was the case 20 years ago, according to a recent report from the Bureau of Labor Statistics. In 1992-93, 82 percent of American workers reported receiving paid vacation days. Today the share is down to 77 percent. The biggest declines … Continue reading
France / Unemployment rises above 3 M
French official data released on Thursday shows that unemployment rose above 3 million for the first time in the second quarter but the unemployment rate only rose by 0.1 percentage point Continue reading
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