Job Market Monitor
Michel Cournoyer
Barack Obama’s Second Inaugural Address: Excerpts on Job (the word ‘unemployment’ does not appear)
No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation, and one people… … Continue reading
Sweden / Seven key facts about unemployment insurance
Today, around 3.4 million workers in Sweden are enrolled in an unemployment insurance fund, according to figures from the Swedish Unemployment Insurance Board (IAF). But figuring out exactly how everything works isn’t always straightforward. Below are a few pointers to bear in mind as you go about signing up. 1) You need to be a … Continue reading
Walmart’s engagement toward Vet: What about wages?
most veterans taking up Walmart’s offer will have to tighten their belts. An Army private first class, with four years’ experience, earns a base pay of $24,178. The average active-duty service member receives a total benefits and pay compensation package worth $99,000 a year, because of substantial in-kind benefits in the form of housing, health … Continue reading
Gen Y: A ‘ticking time-bomb for employers ?
Generation Y workers represent the management class of the future, yet they also exhibit a new-found job mobility which, from an employer’s point of view, is a ticking time-bomb of potential cost and disruption to their businesses. The iOpener Institute in October 2012 gathered and studied questionnaire responses relating to workforce issues from over 18,000 … Continue reading
Minesota / Debate touches on pros and cons of raising state minimum wage
Some of the first bills introduced at the Minnesota Legislature this year would raise the state’s minimum wage, which has not increased since 2005. The federal standard of $7.25 an hour applies to people who work for large companies or companies that engage in interstate commerce. The state minimum wage for the smallest businesses is … Continue reading
UK / Finance to cut another 18,000 jobs
Banks, insurers, asset managers and other finance firms cut 25,000 jobs in the final quarter of 2012, with banking seeing the deepest drop, the survey of 94 companies showed. The cuts will means about 132,000 jobs have been lost in the sector since the downturn began in 2008, when it employed around 1 million people, … Continue reading
An EU wide unemployment insurance system?
One of the most promising measure normally present in monetary unions is unemployment compensation. This idea is currently being given a push in the EU – including by the Employment Commissioner Laszlo Andor who has talked about it as serving as an automatic stabiliser and argued that “We need and must study the possible set-up … Continue reading
Unemployment Rates / International Comparison using american concepts
The International Labor Comparisons by the BLS The International Labor Comparisons (ILC) program adjusts data to a common conceptual framework because direct comparisons of national statistics across countries can be misleading due to differing concepts and methods. ILC data are used to assess U.S. economic and labor market performance relative to that of other countries and to … Continue reading
Switzerland / Better to be young when laidoff
What happens to people who lose their job in mass redundancies in Switzerland? According to a Lausanne University study, most people find another position quickly – unless you are in the last phase of your working life. Switzerland has one of the lowest unemployment rates in Europe – 2.9 per cent on average in 2012. … Continue reading
Youth employment: What works
Youth guarantees Programmes that guarantee young people will get a job, education or training have shown good results in a number of countries. In Finland, the success rate of the youth guarantee scheme is estimated at more than 80 per cent. A registered youth has to be offered a job, academic education, vocational training, or … Continue reading
Canada / Gender Gap in Apprenticeship: earnings similar to college education for men but lower for women
Analysis of the 2006 census found certified male apprentices had earnings similar to men with a community college education, according to two papers to be published in the Canadian Labour Market and Skills Researcher Network monthly publication. The first study, by University of Toronto professors Morley Gunderson and Harry Krashinsky, found male apprentices earn 24 … Continue reading
China / The Rumored Middle Class
Rumors of a rising Chinese middle class have been touted widely. However, the evidence supporting these claims remains conflicting at best. The “middle-class” jobs outsourced from the United States have not necessarily translated to “middle-class” jobs in developing nations, especially in China. Defining the middle class has always been a difficult venture, but on several … Continue reading
Texas / Pharr call center to add 1,000 jobs
Convergys plans to hire 1,000 new full-time customer service representatives at its Pharr call center, nearly quadrupling the number of employees there. The call center company, which fields customer service calls for clients including DirecTV, Macy’s and Cigna, a health insurance company, will host a job fair Tuesday for the positions. About 350 employees now … Continue reading
The 100 richest people income of last year would be enough to end extreme poverty four times over says OXFAM
The vast fortunes made by the world’s richest 100 billionaires is driving up inequality and hindering the world’s ability to tackle poverty, according to Oxfam. The charity said the accumulation of wealth and income on an unprecedented scale, often at the expense of secure jobs and decent wages for the poorest, undermined the ability of … Continue reading
Bali / Tripartite committee to recommend minimum wage
The Bali provincial administration plans to set minimum wages on the island based on the business sector by the end of this year, saying that the policy would ensure better livelihoods for workers on the island. “The provincial administration is willing to issue this regulation by the end of 2013 and therefore it can be … Continue reading
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