Job Market Monitor
Michel Cournoyer
US / Hispanics / Unemployment Rate Tops 17% in 5 States
The Hispanic unemployment rate at the end of 2012 in 13 states significantly exceeded the state rate, with the percentage of jobless Hispanics surpassing 17 percent in five states. Overall, the unemployment rates likely will remain high for whites, Latinos, and African-Americans through the year, according to projections by the Economic Policy Institute. The nationwide … Continue reading
Toronto / More than 200 high school teachers face layoffs
Hundreds of high school teachers could be laid off as the Toronto public board grapples with a $55-million deficit, according to a staffing report that also recommends cuts to secretaries and vice-principals. Last year, the Toronto District School Board axed 200 secondary teaching positions because of a drop in enrollment, and this year is recommending … Continue reading
HR / Artificial intelligence scans for recruitment data
ARTIFICAL intelligence technology is being used to deliver recruitment data that offers a more complete picture of the job market. Recruitment industry veteran Robert Olivier, who founded the former Olivier Internet Job Index, is using the United States-developed technology to analyse the Australian job market. “The thing that bothered me about my old approach was … Continue reading
US / Poll: Economists think minimum wage is worth it
The IGM Forum, which is run by the University of Chicago’s Booth School of Business, polled top economists on the minimum wage. The first question they asked was whether raising the minimum wage could make it harder for some low-wage workers to find jobs. The second question was whether they thought increasing the minimum wage … Continue reading
UK / Net migration falls by a third
The number of people heading to Britain, less the number leaving, dropped significantly by 84,000 to 163,000 in the year to June, fuelled by a 17% drop in the number of foreign students arriving. Immigration to the UK fell from 589,000 to 515,000, its lowest since 2003, official figures from the Office for National Statistics … Continue reading
Job Search / Traffic Surging, Indeed.com on Top
What’s the most trafficked site by Americans searching for a job? Turns out it’s Indeed. Last month, says comScore, the web traffic measurement company, 17.3 million different visitors from the U.S. clicked into Indeed to look for a job. That translates into a 29% increase over December’s job search count. Overall, January saw a 24% … Continue reading
UK / Online apprenticeship applications increase by 41% in a year
More than 267,400 apprenticeship applications were submitted online during November 2012 and January 2013, an increase of 41% on the previous year. The figures released today by the National Apprenticeship Service (NAS) also found that apprenticeship vacancies have grown significantly. Nearly 25,400 vacancies were advertised online in the three months – an increase of 26.6% … Continue reading
Poll: Did Your Education Prepare You For A Job ?
Laura Fornash – Virginia Secretary of Education – has urged Congress to “ensure those who enter our higher education institutions exit with employable credentials.” With that in mind, do you feel your college education equipped you with the knowledge and skills necessary for employment? Please take our poll and tell us what you think in … Continue reading
US / ARRA / Spending that was less linked to state unemployment rates than might be expected finds FRBNY
Fiscal stimulus, in the form of large discretionary increases in federal spending and tax reductions, is often triggered by a strong and persistent rise in the national unemployment rate. The most recent example was the $860 billion (6 percent of GDP) stimulus contained in the 2009 American Recovery and Reinvestment Act (ARRA), adopted in the … Continue reading
Quebec / Employment-Insurance: Mrs. Maltais is doing everything to lose face
A few days ago, Chantal Hébert wrote in Le Devoir: The political risk Stephen Harper is exposed to is almost nil. The idea that EI is a burning subject in Canada is an optical illusion due to the relative proximity of those regions particularly affected by the reform. (freely translated by the author) Beyond political … Continue reading
UE / Youth unemployment has been around long before the crisis
One of the more tragic outcomes of the euro crisis has been the gut-wrenchingly high youth unemployment rates. More than half of the young people in Greece and Spain are looking for work. “Europe is facing an often-cited “lost generation” which experiences long periods of unemployment or unstable jobs during their first working years, with … Continue reading
Young And Unemployed / 3 Reasons Why You’re Not Getting Hired
If you’re a college graduate and you’re unemployed, you might have an idea of what I’m about to talk about. You’ve spent four years of your life hitting the books, getting good grades, participating in relevant extra-curricular activities, and maybe even juggling a part-time job in between. You’ve worked really hard for your degree and … Continue reading
US / African-American / The wealth gap between worsening
The wealth gap between blacks and whites has nearly tripled over the past 25 years, due largely to inequality in home ownership, income, education and inheritances, according to a new study by Brandeis University. That type of inequality can be a drag on economic growth for everyone, said Thomas Shapiro, director of the university’s Institute … Continue reading
France / Unemployment Nears 16 Year High
Unemployment in France shot up by 43,000 in January. That brings the total number of unemployed to 3.16 million, just shy of the 3.19 million record set in 1997. After he was elected, the administration of socialist President Francois Hollande decided to raise taxes rather than cut spending. Rates on the wealthy were raised to … Continue reading
Germany / Just 2.2 percent of graduates had no work in 2011
All that cramming and hard work might pay off after all: German graduates are practically guaranteed a job – current figures show nearly full employment among those who have an academic degree. Just 2.2 percent of graduates had no work in 2011 according to figures issued on Tuesday by the Institute for Employment Research (IAB) … Continue reading
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