Job Market Monitor
Michel Cournoyer
Update – US Job Report – This month report shouldn’t make a mandate
The number of unemployed and the unemployment rate increase. But employment too. So, this is a sign that participation is going up, a generally good sign. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. But still, the proportion of american in … Continue reading
Update – Hurricane Sandy Unemployment Benefits – Governor Cuomo Announces Federal Disaster Unemployment Assistance
Governor Cuomo Announces Federal Disaster Unemployment Assistance Now Available to New Yorkers Affected by Hurricane Sandy Governor Andrew M. Cuomo today announced that federal disaster unemployment assistance is now available to all New Yorkers who lost their jobs as a result of Hurricane Sandy. Disaster unemployment benefits are available to provide financial support to anyone … Continue reading
Canada – Employment unchanged and the unemployment rate remains at 7.4%
Following two consecutive months of increases, employment in October was unchanged and the unemployment rate remained at 7.4%. Employment Compared with 12 months earlier, employment increased 1.3% or 229,000, all in full-time work. The total number of hours worked also rose 1.3% over the same period. In October, employment grew in Quebec and Newfoundland and Labrador, while it fell in British … Continue reading
US Job Report – This month report shouldn’t make a mandate
The number of unemployed and the unemployment rate increase. But employment too. So, this is a sign that participation is going up, a generally good sign. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. But still, the proportion of american in … Continue reading
Nissan – A New Thai plant
Nissan Motor Co Ltd (7201.T) said on Friday it was investing 11 billion baht ($358 million) to build a second assembly plant in Thailand that will have an annual production capacity of 75,000 vehicles when it opens in August 2014. Capacity would eventually be raised to 150,000 vehicles. “Adding 150,000 units of production capacity will … Continue reading
The improvement in life expectancy
Everyone knows that human life expectancies have been improving. But just how extraordinary and incomparable that improvement has been is not widely understood. Demographers Oskar Burgera, Annette Baudischa, and James W. Vaupel offer two remarkable sets of comparisons in “Human mortality improvement in evolutionary context,” which appears in a recent issue of the Proceedings of … Continue reading
Why Today’s Unemployment Report Should Be Taken With A Grain of Salt
Three times today I’ve been asked on media outlets about the likely effect on the presidential election of Friday’s jobs report, depending on what the Bureau of Labor Statistics announces. Unfortunately, the BLS report is likely to sway some voters — and therefore have an impact on this tight race. But it shouldn’t. The report … Continue reading
Canada – Skilled worker immigrant backlog to be eliminated
The government is expected to eliminate a controversial, years-old backlog of skilled worker immigration applications by the end of 2014 — about three years ahead of schedule, Postmedia News has learned. It means a plan to create a pool of would-be Canadians from which provinces and employers could cherry-pick newcomers based on labour market need … Continue reading
South Africa – Xstrata fires 400 strikers
Global diversified mining firm Xstrata (XTA.L) has dismissed 400 workers involved in an illegal strike at its Kroondal chrome mine in South Africa, the company said on Friday. The mine employs a total of 619 workers. The sacked miners have until 09:00 am EDT on Friday to appeal their dismissals. “Most of production at Kroondal … Continue reading
St. Paul, Minnesota – St. Jude Medical cutting 500 jobs
St. Jude Medical said Thursday that it has laid off another 500 people as it restructures to deal with slumping sales of its heart devices. In August, St. Jude said it had terminated 300 employees, including 80 in Minnesota, as part of a broader companywide reorganization expected to slash $50 million to $60 million in … Continue reading
Harvard – MIT produce most ’employable’ graduates
Harvard topped the chart of universities around the world that were ranked based on the “employability” of their graduates. MIT ranked seventh worldwide, while Boston University ranked 17th. The chart, entitled “What the job market wants,” was published today by the New York Times, which said an online survey was compiled by Emerging, a human … Continue reading
Australia – Holden 170 jobs cut
Australia’s ailing auto industry has suffered another blow with car maker Holden axing 170 jobs just a day after a key component manufacturer closed its doors and stood down about 400 workers. Holden said falling demand for its locally built vehicles, due to the high Australian dollar, had forced its hand. The company said the … Continue reading
Alberta – AHS to hire new nursing graduates
More nurses, including new graduates, are expected to be hired by the province as Alberta Health Services boosts its efforts to improve patient care. Approximately 750 registered nurses and registered psychiatric nurses will be available for hire in Alberta in December, and Alberta Health Services said on Thursday that they plan to hire them all. … Continue reading
Hurricane Sandy Unemployment Benefits
In order to qualify for disaster unemployment benefits your employment or self-employment must have been lost or interrupted as a direct result of a major disaster, and you must have been determined not to be eligible for regular state unemployment insurance writes Alison Doyle. Major disasters have been declared in some counties in New York and New … Continue reading
Update – South Africa – Unemployment on the rise to 25.5%
The official unemployment rate in South Africa rose to 25.5% of the labour force in the third quarter of this year from 24.9% in the second quarter, a survey showed. In its latest Quarterly Labour Force Survey, Stats SA said today the total number of unemployed people stood at 4.67 million in the three months … Continue reading
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