Job Market Monitor
Michel Cournoyer
US – The Great Recession Was Worst on the Poor
The Great Recession hit all of us, but it didn’t hit all of us equally. It turns out the more you had to lose, the less you lost. The chart below from Amir Sufi, a professor of finance at the University of Chicago Booth School of Business, shows us this depressing story in three graphs. … Continue reading
UK – Young black men have experienced sharpest unemployment rise since 2010
Young black men have experienced the sharpest rise in unemployment since the coalition came to power, with more than one in four of all black 16-24 year olds (26 per cent) currently out of work, according to a TUC report on youth unemployment published today (Wednesday). The TUC report, published to coincide with the TUC … Continue reading
Youth unemployment in Europe
Youth unemployment in the Eurozone looks like a social and economic disaster in the making – 30%, 40%, even 50% of young people sitting on their hands instead of building skills and experience. This column argues the headline numbers are misleading. While youth unemployment is a serious problem, a large share of EZ youth are … Continue reading
UK – Employment has not been higher since records began in 1971 and unemployment falls to 2.53 million
The number of people out of work fell by 50,000 to 2.53 million in the three months to August, according to the Office for National Statistics ONS.Employment reached a record high of almost 30 million, while the unemployment rate fell to 7.9%. The ONS also said the number of people claiming Jobseekers Allowance fell by … Continue reading
Wave of Reshoring in U.S. Manufacturing?
U.S. manufacturing is in a period of resurgence, and while it is too early to say if the positive momentum has staying power, the sector’s revival is being aided in part by the return of production to the United States that had been outsourced to lower-wage rate locations overseas, particularly China and developing Asian economies … Continue reading
Toronto – Loblaw cuts 700 head office jobs
The decision by Loblaw Companies Limited to chop 700 jobs from the payroll in administration and at head office in Brampton on Tuesday was met with mixed reviews from analysts and investors. Loblaw has been upgrading its supply chain technology and infrastructure and while the job cuts may reflect greater efficiencies, Perry Caicco, managing director, … Continue reading
Europe – Rio Tinto – To cut 30% of workforce
Rio Tinto is planning to cut costs and jobs in Europe by 30 per cent by the end of 2013, a union official says after meeting with company executives. “They told us that we have to reach a reduction of costs on the order of 30 per cent. This announcement will certainly worry employees,” said … Continue reading
Manufacturing Jobs Across Presidential Administrations : gains during Democratic terms, significant losses under the Republican
State-level manufacturing job growth has varied across the 16 presidential administrations since 1948, with significant gains in most states across the seven Democratic terms and significant losses under the nine Republican, according to The Manufacturing Jobs Score, 1949-2011, a new analysis of official government data by the Keystone Research Center (KRC) and Iowa Policy Project … Continue reading
Unesco – India – Over a third of 15 to 19 year olds have less than lower secondary education
Over one quarter of young people in South and West Asia fail to complete primary school and lack skills for work. In India alone over a third of 15 to 19 year olds in India have less than a lower secondary education and lack the skills they need for work and young people without skills … Continue reading
The State of Human Capital: “people processes” are failing to keep pace
Human capital professionals are struggling to meet the needs of an-ever changing global business landscape. As global markets and technology evolve, “people processes” are failing to keep pace. While tremendous strides have been made over the past decade in areas like workplace diversity and flexibility, the human capital function has largely lagged behind in effecting … Continue reading
Microsoft – Layoffs at Lionhead
Guildford studio Lionhead has endured a further misery following the launch of its poorly received Kinect exclusive Xbox 360 game Fable: The Journey. Parent company Microsoft confirmed it has issued redundancies to “less than ten per cent of staff”. In a statement sent to industry publication Develop, the platform holder added: “Following the completion of … Continue reading
XL Foods – Recall of 800 employees one day after layoffs
The meat processing company at the centre of an E. coli outbreak is recalling 800 workers it laid off only a day earlier, breaking an impasse that kept federal inspectors from completing their review of the operation. The Canadian Food Inspection Agency’s (CFIA) evaluation of XL Foods ground to a halt this weekend when the … Continue reading
Canada – Employment Insurance – EI recipients participating in employability measures should be exempted from the application of the proposed provisions on convenient job
Canada – Employment Insurance – EI recipients participating in employability measures should be exempted from the application of the proposed provisions on convenient job
US Economy – 60 Leading Economists Survey
If we’re ever going to get out of this slump, what will it take? Foreign Policy asked more than 60 leading economists to tell us. via The FP Survey: The Economy | Foreign Policy.
US – Federal Employees – 2 percent of total employment, less than half of what it was in the early 1960s
In our country, tax cuts and spending increases gave the economy a badly needed boost in the depths of the recession and early in the recovery. But these stimulus measures have been expiring. At the same time, states and localities have cut spending and raised taxes as they struggle to balance their budgets. As a … Continue reading
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