Job Market Monitor
Michel Cournoyer
US / Nearly 6.9 million people out of the labor force want a job
In January, the U.S. Bureau of Labor Statistics significantly reduced its projections for medium-term labor force participation. The revision implies that recent participation declines have largely been due to long-term trends rather than business-cycle effects. However, as the economy recovers, some discouraged workers may return to the labor force, boosting participation beyond the Bureau’s forecast. … Continue reading
How Long Will it Take to Get to 6.5 Percent Unemployment? | Brookings Institution
Job Market Monitor : Last week, the FED said that it will continue to stimulate growth until the unemployment rate falls to 6.5 percent or the inflation rate reaches 2.5 percent. The Fed said it did not expect unemployment to reach that benchmark until 2015. The Brooking Institute takes a look at it. *-* The … Continue reading
Immigration in Germany / Survey says it eases investment abroad and the effect of age but puts extra burden on the social security system
Seventy percent of those asked said immigration made it easier for international firms to invest in Germany, while 62 percent said that immigration could ease the effects of Germany’s ageing society. And half said immigration as an effective means against the country’s lack of skilled labour. But two-thirds of Germans also saw immigration as an … Continue reading
Spain / Job Without Paycheck
Over the past two years, Ana María Molina Cuevas, 36, has worked five shifts a week in a ceramics factory on the outskirts of this city, hand-rolling paint onto tiles. But at the end of the month, she often went unpaid… With the regional and municipal governments deeply in debt, even workers like bus drivers … Continue reading
Europe will have to work very hard for its welfare system says Merkel
Europe will have to “work very hard” to maintain the most generous welfare system in the world and remain globally competitive, said Angela Merkel, the German chancellor, in an interview with the Financial Times. The key to Europe’s ability to survive the challenge of globalisation is to spend more on research and education and overhaul … Continue reading
US / All willing and able person have a right to work
All Americans willing and able to work have a right to paid employment. If the private sector can’t generate sufficient jobs, the public sector should provide them. This definition of “right to work” obviously differs from the one that Republican legislators in Michigan deployed when they passed a new law absolving workers from the responsibility … Continue reading
Canada / Higher Education / Strong positive returns to investments across all fields
It’s common knowledge that new jobs increasingly demand postsecondary credentials. But what’s less well understood is the wide range of those jobs and the educational pathways leading to them. Statistics Canada data on employment by occupational classification show that job growth between 2007 and 2011 was fastest in health-related occupations (over 16 per cent increase) … Continue reading
Colombia / Better to let parties negociate than to set minimum wage says President Santos
President Juan Manuel Santos emphasised Friday that “a minimum wage that is too high promotes unemployment and encourages informality,” pouring cold water on any hopes Colombians may have had in a significant increase in the minimum wage, El Tiempo reported. “The goal [of any new wage agreement] should be to maintain the minimum wage’s current … Continue reading
Dropout / Canada : Boy’s share continues to rise and some groups show lack achievement
“One of the most robust predictions about any teenager’s future is that dropping out of high school will increase the probability of a life marred by lengthy bouts of unemployment and poverty. Although a high-school certificate is a low rung on the education ladder, it is the crucial one if an individual is to have … Continue reading
World / Absolute Poverty decreases from 44% to 23% over 20 years
What parts of the global income distribution registered the largest gains between 1988 and 2008? As figure below shows, it is indeed among the very top of the income distribution and among the emerging global middle class, which includes more than a third of the world’s population, that we find most significant increases in per … Continue reading
Canada / Suitable employment and reasonable job search efforts – Gov’t Info
You have always been responsible for conducting reasonable job searches, documenting your job search activities and accepting any offer of suitable employment while receiving Employment Insurance (EI) regular and fishing benefits. The Connecting Canadians with Available Jobs (CCAJ) initiative has clarified the definitions ofsuitable employment and reasonable job search. Suitable employment Several factors will determine what will be consideredsuitable … Continue reading
Canada / Youth Unemployment : hundreds of programs but do they deliver value for money?
Ottawa, the provinces, municipalities and non-profit agencies offer hundreds of youth employment programs. They include internships, training allowances, tax credits for apprenticeships and career development for marginalized groups. The question is not so much, do we need more programs but, rather, are they effective? Do they deliver value for money? This problem is not unique … Continue reading
Minimum Wage / Pushing for a livable wage
Before the recession, Amie Crawford was an interior designer, earning $50,000 a year patterning baths and cabinets for architectural firms. Now, she’s a “team member” at the Protein Bar in Chicago, where she makes $8.50 an hour, slightly more than minimum wage. It was the only job she could find after months of looking. Crawford, … Continue reading
Workplace Bullying / Hard on Witnesses Too
People who experience or witness workplace bullying are more likely to have prescriptions for antidepressants, sleeping pills and tranquilizers, a new study finds. Previous research has shown that workplace bullying affects mental health, but it hasn’t been clear whether this leads to a greater need for drug treatment or if the impact is similar for … Continue reading
California / Kaiser Permanente / Layoffs of 500 – Employees will picket
Employees from three Kaiser Permanente hospitals in California will picket later this week in protest of upcoming layoffs affecting more than 500 medical professionals across the system’s Southern California region, according to a Press-Enterprise report. The pending layoffs could include more than 150 nurses and other workers from Kaiser Permanente’s hospitals in Riverside, Fontana and … Continue reading
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