Job Market Monitor
Michel Cournoyer
References / Double Check Yours
As a recruiter, one of the most frustrating, and most important, parts of the recruitment process is checking the candidates’ references. If everyone does their job, this could be a completely painless, easy, and even fun, process. The problem is candidates rarely seem to understand how this is supposed to work. They don’t think very … Continue reading
Why should officials spend limited time on unemployed young people ? asks Daniel Gros
Why should officials spend limited time, energy, and public funding specifically on unemployed young people, rather than on all of the unemployed? asks Daniel Gros. Does a teenager’s unemployment represent a greater loss to society than that of a single mother or an older worker, who might have been providing an entire family’s only income? … Continue reading
US / Employment growth above about 80,000 jobs per month would put downward pressure on the unemployment rate finds research
Daniel Aaronson and Scott Brave « estimate that, currently, employment growth above about 80,000 jobs per month would put downward pressure on the unemployment rate » in Estimating the trend in employment growth on Chicago Fed Letter. (Adapted Chosen excerpts by Job Market Monitor to follow) Likewise, anything short of this benchmark would push the unemployment rate up. … Continue reading
Laid off from the Sun-Times (Photo)
Rob Hart was replaced with a reporter with an iPhone, so he is documenting his new life with an iPhone, but with the eye of a photojournalist trained in storytelling. Rob Hart is a Freelance Photojournalist and Adjunct Faculty of Photojournalism at the Medill School of Journalism. via Laid off from the Sun-Times.
Euro zone’s Youth Unemployment : Germany, France, Italy and Spain to discuss in Rome on June 14
The finance and labour ministers of Germany, France, Italy and Spain will meet in Rome on June 14 to discuss how to tackle youth unemployment, the Italian prime minister’s office said. The issue is high on the agenda of a European Union summit taking place in Brussels on June 27-28. Chosen excerpts by Job Market … Continue reading
US / Closing the Gender Wage Gap by Raising the Minimum Wage
Women working full time, year round typically make only 77 percent of what their male counterparts make – leaving a wage gap of 23 cents on the dollar. One reason for this gap is that women are concentrated in low-wage jobs: two-thirds of minimum wage workers and workers in tipped occupations are women, disproportionately women … Continue reading
European Commission counts 100,000 foreign seasonal workers
Most of third-country workers in the EU find a job in the agriculture and tourism sectors, but the labour market segmentation divides them into first and second class. The actual figures of third-country seasonal workers employed every year in the EU are very difficult to get, but according to European Commission calculations they would be around … Continue reading
Moscow / Underground Sweatshop city of 260 migrant workers found
An underground factory for immigrant workers to make clothes in sweatshops has been discovered under a street in Moscow. The cramped complex, which was home to about 260 migrants, contained dormitories and workshops packed with sewing machines as well as a canteen, a chicken coop, a cinema and casino. The undocumented workers were arrested during … Continue reading
US / Weekly Jobless Claims fall. Better check tomorrow what is going on
SEASONALLY ADJUSTED DATA In the week ending June 1, the advance figure for seasonally adjusted initial claims was 346,000, a decrease of 11,000 from the previous week’s revised figure of 357,000. The 4-week moving average was 352,500, an increase of 4,500 from the previous week’s revised average of 348,000. Chosen excerpts by Job Market Monitor … Continue reading
Retired / How to Make a Living and a Difference in the Second Half of Life (Video)
At one time, many people in the Western world anticipated retiring in their 50s or 60s. Now, they are embarking on new careers at the very time that they might have previously been expected to begin a life of leisure. Increased longevity and a drive to keep contributing to society have led to what are … Continue reading
Florida / Unemployment Agency Disputes Claim It Violated Civil Rights
On Wednesday, Florida said it is rejecting the Labor Department’s findings, claiming they were politically motivated. As evidence, the state said that an official with the Civil Rights Center has “publicly made or endorsed politically and ideologically charged statements about her role at the Department of Labor.” Specifically, Florida cited a bio for department lawyer … Continue reading
Ireland / Unemployment rate steady at 13.7 percent
Ireland’s unemployment rate was 13.7 percent in May, unchanged from April’s downwardly revised figure, while the number of people claiming jobless benefit inched lower, data from the Central Statistics Office showed on Thursday. Unemployment benefit claimants fell 700 to a seasonally adjusted 426,100 last month. The unemployment rate in April was revised down to 13.7 … Continue reading
Greece / Unemployment rate rise to 26.8 percent, youth hardest hit
Greece’s jobless rate rose again in March, reflecting the pain of a crippling recession after years of austerity under the country’s international bailout. Record joblessness is a major angst for Greece’s coalition government as it scrambles to hit fiscal targets and show there is light at the end of the tunnel after years of unpopular … Continue reading
US / Job Creation Best in Five Years finds Gallup
Gallup’s U.S. Job Creation Index increased to 22 in May, the highest score for any month since April 2008. The Job Creation Index is now much improved from the all-time monthly low of -5 recorded in February and April 2009. The net job creation score is based on 37% of workers telling Gallup that their … Continue reading
US / The unemployment problem: bigger than NYC and LA combined – Economy
12 million unemployed The job market has been healing for more than three years now, but the jobs crisis is still truly a crisis. The staggering statistics get repeated so often they can become numbingly abstract. About 12 million Americans still remain unemployed, but who can wrap their head around that number? Try wiping both … Continue reading
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