Job Market Monitor
Michel Cournoyer
UK – 1 in 3 firms are maintaining staff but will make redundancies if economic growth does not return soon
CIPD research reveals that 1 in 3 firms are maintaining staff levels higher than they need in order to avoid losing skills, but will make redundancies if economic growth does not return soon The immediate jobs outlook remains positive, bolstered by employers who are holding on to staff to avoid losing skills despite low levels … Continue reading
Canada – Youth – An interview with Angella MacEwen, economist at the Canadian Labour Congress
Q. There doesn’t seem to be much of a recovery in the job prospects of young workers. Why does this segment of the labour force continue to lag behind? A: Youth tend to suffer more during a recession, and take longer to recover from its effects. They often lack the experience and / or connections … Continue reading
US – Hilda Solis – No Community Has Suffered More in Recession Than Latino Construction Workers
In a speech given at the Center for American Progress on Aug. 7th, Obama Labor Secretary Hilda Solis talked on the subject of job opportunities for the Latino community. After noting that she want an economy that “works for everyone and not just the privileged few“ the Secretary warned that the Administration will continue to ”put pressure on congress to … Continue reading
US – Outlook – Budget impasse blocking growth
Most economists surveyed by USA TODAY have little faith a divided Congress will adequately address looming tax increases and spending cuts, significantly hampering economic growth well into 2013… via Economists see budget impasse blocking growth – USATODAY.com. Related articles IMF – Global Economic Outlook More Worrisome Neither Obama nor Romney Will Jump Start Jobs Growth … Continue reading
US – Unemployment Insurance – 711 000 Households with Income of $100,000 or more had received benefits
The report Receipt of Unemployment Insurance by Higher-Income Unemployed Workers (“Millionaires”) by Donald Hirasuna from Congressional Research Service provides information relevant to proposals that would restrict the payment of unemployment benefits to individuals with high incomes. (Adapted excerpts by Job Market Monitor) Summary The economic recession that began in December 2007 officially ended in June 2009 when the U.S. economy reached a … Continue reading
Young American – Away from commitment
As the Great Depression shaped the attitudes of a generation from 1929 until the early years of World War II, so have the financial crisis and its aftermath affected the outlook of young consumers like Anselmo, said Cliff Zukin, a professor of public policy and political science at the Edward J Bloustein School of Planning … Continue reading
France – A Second Recession In Three Years
In its first estimate for the third quarter of 2012, the Bank of France said that the nation’s GDP was likely to fall by 0.1 percent in the three months to September, which was in stark contrast to the government’s optimistic forecast of 0.3 percent growth for the whole year. Additionally, France’s trade deficit remained … Continue reading
Unemployment Insurance Claims – 361,000, a decrease of 6,000 from the previous week
Two weeks ago, claim were down to 353,000, at bottom-near since April 2008 and we have asked ‘But is it only volatility’ ? The answer might well be yes. UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending August 4, the advance figure for seasonally adjusted initial claims was 361,000, a decrease … Continue reading
Canada – Employment in July declined by 30,000, mainly in Quebec
Following two months of little change, employment in July declined by 30,000, the result of losses in part-time work. The unemployment rate rose 0.1 percentage points to 7.3%. Compared with 12 months earlier, employment increased 0.8% or 139,000, with full-time employment up 1.4% while part-time employment declined 1.8%. Total number of hours worked increased 1.2% over the same period. Employment Unemployment rate Employment in Quebec fell … Continue reading
Is there a link between the size of the shadow economy and the Euro crisis ?
Just look at this figure to convince yourself. “Besides informal employment in the rural and non-rural sector also other measures of informal employment like the share of employees not covered by social security, own account workers or unpaid family workers are shown. The most influential factors on the shadow economy and/or shadow labor force are … Continue reading
New Zealand – Unemployment rate rises to 6.8% as available jobs dry up
The unemployment rate expectedly rose in the second quarter as the pool of jobs shrank for the time since December 2010… The unemployment rate increased 0.1% percentage points to 6.8%, the highest since June 2010, according to Statistics New Zealand’s household labour force survey. Economists surveyed by Reuters were expecting the headline rate to come … Continue reading
Greece – Unemployment Hits New Record High of 23.1 percent In May
Unemployment in Greece increased further and reached a new record high in May, as the labor market continues to be hit by the deepening recession, data released by the Hellenic Statistical Authority showed Thursday. The unemployment rate increased to 23.1 percent in May from the revised 22.6 percent in June, reaching the highest level since … Continue reading
Australia – Number of employed up 14,000 last month, fourth gain in five months
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 14,000 (0.1%) to 11,512,600. Full-time employment increased 9,200 to 8,073,700 and part-time employment increased 4,800 to 3,439,000. Unemployment decreased 2,500 (0.4%) to 635,100. The number of persons looking for full-time work increased 14,600 to 457,600 and the number of persons looking for part-time work decreased 17,100 to 177,500. … Continue reading
99ers are no more
The 99ers are no more. There are still plenty of people who have been out of work for 99 weeks or more, to be sure. But the 99 weeks of unemployment secured by one tier of extended benefits have ended. This has affected a half-million workers, and it’s a direct result of … Continue reading
US – Unemployment Insurance – Cutbacks Came Long Before the Great Recession
Cutbacks in Unemployment Insurance Ccme long before the Great Recession. Unemployed American are less and less insured. Statistics on insured unemployment in the United States are collected as a by-product of UI programs. Workers who lose their jobs and are covered by these programs typically file claims (“initial claims”) that serve as notice that they … Continue reading
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