Job Market Monitor
Michel Cournoyer
New Zealand / Unemployment Rate drops at 6.2 per cent
The job market stormed ahead in the March quarter, with unemployment tumbling to 6.2 per cent in the March quarter, compared with a revised 6.8 per cent in the December quarter. In a rebound from bad figures in the December quarter, there were 38,000 more people employed this quarter – up 1.7 per cent, Statistics … Continue reading
Compare attitude on Youth Unemployment and the Apprenticeship Gap
Kudos to David Leonhardt for calling attention to the staggeringly high American youth unemployment rate — 26.6 percent — compared to rates in Europe and Japan. I just want to add that in addition to overall sluggish job creation, one of the problems is that American employers tend to avoid job training and seek workers who … Continue reading
Germany / Low Wage Workers Dependent on Welfare Benefits
Germany’s low unemployment rate is the envy of much of Europe. Yet it masks the difficulties many working Germans have in making ends meet and their reliance on welfare benefits. The issue could become important as the election campaign heats up. Despite Germany’s low unemployment rate, a growing number of the working poor in the … Continue reading
It is not easy to be young in the labour market today and skills mismatch is not helping them says ILO
The global youth unemployment rate, which had decreased from 12.7 per cent in 2009 to 12.3 per cent in 2011, increased again to 12.4 per cent in 2012, and has continued to grow to 12.6 per cent in 2013. This is 1.1 percentage points above the pre‐crisis level in 2007 (11.5 per cent). By 2018 … Continue reading
Canada’s New ‘Census’ / One in five of the total population identified themselves as a member of visible minorities
Canada is increasingly a nation of visible minorities – one in five of the total population identified themselves as a member of this group in 2011. Of these visible minorities, a third were born in Canada. And they are young – the visible minority population has a median age of 33, compared with 40 for … Continue reading
US / A bill to change overtime pay law
The Republican-led House is poised to approve a bill that would give private sector workers the option of choosing paid time off instead of cash wages for working overtime. The measure would allow employees who work more than 40 hours a week to save up their earned time off for use weeks or months later. … Continue reading
Americans Give Priority to Jobs and the Economy over Guns and Immigration Reform Gallup finds
Americans put reforming immigration and reducing gun violence — the focus of much of the attention on Capitol Hill in recent weeks — at the bottom of a list of 12 priorities for Congress and the president to address. Americans instead say leaders in Washington should give highest priority to jobs and the economy, followed … Continue reading
Working in the US / The most accessible metropolitan areas in 2010 : Los Angeles, San Francisco, New York
Job accessibility has changed over time. In the past two decades, Las Vegas, Jacksonville, Austin, Orlando and Phoenix have seen the largest percentage gains in job accessibility while Cleveland, Detroit, Honolulu and Los Angeles have seen the largest percentage drops. This study estimates the accessibility to jobs by automobile in the 51 largest metropolitan areas … Continue reading
College Grad Mathematics and English Literacy
NCEE has released What Does It Really Mean to Be College and Work Ready?, a study of the English Literacy and Mathematics required for success in the first year of community college. During a day-long meeting with key education and policy leaders, NCEE will discuss the results of the study and its implications for community … Continue reading
(Update) Bangladesh Garment Factory Collapsed Building / Toll Reaches 782
The death toll for Bangladesh’s worst industrial disaster rose to 782 as the army continued to clear debris at a garment factory building that collapsed last month. The army’s attempt to recover more bodies from the rubble at Rana Plaza that collapsed on April 24 will continue for at least another week, Mir Rabbi, an … Continue reading
Compagnies are over-dependent on male Baby Boomer CEOs research finds
Organisations are not adequately prepared for the cultural changes that will occur as executives from the baby boomer generation retire and are replaced by their Generation X and Y counterparts, a study has found. The study After the baby boomers: the next generation of leadership, by global executive search firm Odgers Berndtson in conjunction with … Continue reading
Société Générale to cut 1,000 jobs
French banking giant Société Générale revealed on Tuesday it would cut at least 1,000 jobs worldwide, in an effort to find almost €1 billion in savings by 2015. The announcement comes as the bank’s first-quarter profit fell by half. French bank Société Générale reported on Tuesday that first-quarter net profit fell by half to €364 million … Continue reading
Canada / Federal Government Cut 15,000 Jobs Last Year
There are signs that the Canadian government’s austerity plan is advancing at a rapid pace. Canada’s chief bureaucrat– the Clerk of the Privy Council—says the federal public-sector payroll shrank by 5.5% or more than 15,000 positions over nine months last year. That’s three-quarters of the way towards the government’s planned 19,200 job cuts over a … Continue reading
Young American / Where the Jobs Are and Aren’t
In three regions – the upper Midwest, New England and the area around Washington – the job market for younger adults is considerably stronger than in the rest of the country. These three regions are the closest thing to an exception to the trend I described in a Sunday column: the sharp decline in employment … Continue reading
Canada / After the RBC outsourcing fiasco
..The recent RBC outsourcing fiasco was so unusual, revealing and, for many Canadians, infuriating. The story centred on about 50 IT workers who found their jobs outsourced and themselves fired. It got to be news only because it was outrageous: the soon-to-be fired employees had to train foreign workers, brought into the country by a … Continue reading
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