Job Market Monitor
Michel Cournoyer
COVID, UI and Fiscal Policy – Enhancing automatic stabilizers, especially improving unemployment benefit systems and social safety nets, can protect household incomes FMI says
This chapter argues that fiscal policies are at the forefront of facilitating an economic recovery from the COVID-19 pandemic once the Great Lockdown ends. Policymakers can achieve this objective with IDEAS: Invest for the future—in health systems, infrastructure, low carbon technologies, education, and research; adopt well-planned Discretionary policies that can be deployed quickly; and Enhance … Continue reading
COVID – Its impact US college majors
The Great Recession led to big changes in what US college students chose to study. The downturn, which started in 2008, led a shift towards more job-oriented majors, at the expense of the humanities and social sciences. After remaining relatively stable over the previous decade, the share of all students majoring in the humanities or … Continue reading
COVID – UI in US and in Europe
Consider an average full-time employee in the food industry, who earned around $500 per weekbefore the coronavirus crisis. Average weekly unemployment insurance last year was $378, and now with the extra $600 from the coronavirus relief law, that worker could collect $978 in unemployment benefits each week for two months — nearly double what he … Continue reading
COVID and Labor Market in US – Vacancy postings collapsed by 30% at the same time as initial claims spiked
In this report, we analyse both UI claims data and vacancy data from Burning Glass Technologies to provide a more detailed account of how the labor market evolved over the last weeks. In particular, we ask how broad-based the deterioration in market conditions over the second half of March and the first half of April … Continue reading
COVID and Labor Force Indicators in US – Job loss has been significantly large, those losing jobs are not actively looking to find new ones and participation in the labor force has declined by 7 pp
The arrival of the covid-19 virus and the policy responses have led to unprecedented numbers of initial claims for unemployment since early 2020: over 16.5 million by April 4 th, 2020, with new claims arriving at a rate of 6-7 million per week. But concerns about state governments’ inability to process so many claims in such … Continue reading
Literacy and Essential Skills in Canada – The tension between the notions
A new report produced for CUPE entitled Influences: Lessons from policy and practices in literacy and essential skills in Canada, 1990-2019, explores the numerous issues dealing with literacy and essential skills and the evolution of these concepts in the past thirty years. It also analyzes trends with respect to government policies and their impacts on … Continue reading
COVID and Apprenticeships in European – The aim is not to lose the year, but unsure on the final assessment
Cedefop’s community of apprenticeship experts launched an internal consultation on how European countries are managing apprenticeships in the current health emergency due to the coronavirus pandemic. Twenty five experts contributed to this exercise from: Austria, Belgium (fr, fl, de), Bulgaria, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Lithuania, Malta, the Netherlands, Norway, Poland, Portugal, … Continue reading
COVID and Wage Subsidy in UK – Intense pressure this weekend to offer a massive “second wave”
The chancellor Rishi Sunak is under intense pressure this weekend to offer a massive “second wave” of financial support to businesses within weeks amid growing fears of a catastrophic early summer of spiralling unemployment and company bankruptcies. With the government’s £40bn job-retention scheme running until the end of June, business groups and the Labour party … Continue reading
COVID and Economic Data in US – The worse than any we have seen for the economy, FED’s Powell said
How bad is the coronavirus economy? The worst ever, says Fed Chairman Jerome Powell. “We are going to see economic data for the second quarter that is worse than any data we have seen for the economy,” Powell said. “There are direct consequences of the disease and measures we are taking to protect ourselves from it. … Continue reading
COVID and Higher Education in US – Students are 25% more likely to go to a school that has a strong online program
Students are 25% more likely to go to a school that has a strong online program nowthan they were just 90 days ago, but colleges aren’t prepared. [L]ike every other institution, the college system is organized to protect the institution and not serve its primary constituents. Education was never designed for the student: It was … Continue reading
COVID et Perspectives économiques au Canada – Le taux d’emploi de 53,8 % au deuxième trimestre serait le plus faible jamais enregistré depuis le début de la série en 1976
Le DPB a publié sa première analyse de scénario sur les chocs dus à la pandémie de COVID-19 et à la chute des prix du pétrole le 27 mars pour aider les parlementaires à en évaluer les possibles répercussions économiques et financières. Le présent rapport fournit une mise à jour de l’analyse de scénario. Il comprend … Continue reading
UI Claims in US (week ending April 25) – 3,8 M , which brings the rolling six-week figure to 30.3 M
The total brings the rolling six-week figure to 30.3 million. In the week ending April 25, the advance figure for seasonally adjusted initial claims was 3,839,000, a decrease of 603,000 from the previous week’s revised level. The previous week’s level was revised up by 15,000 from 4,427,000 to 4,442,000. The 4-week moving average was 5,033,250, … Continue reading
COVID and CFOs – More layoffs anticipated and more people will work remotely permanently
How are finance leaders navigating the unprecedented disruptions from coronavirus? An in-depth analysis of the biweekly results and key implications. Key findings Back-to-work playbooks reshape how jobs performed 49% say remote work is here to stay for some roles, as companies plan to alternate crews and reconfigure worksites. Protecting people top of mind 77% plan … Continue reading
COVID, Low-Wage Earners and Upskilling – We want front line workers a chance to climb the occupational ladder
After World War Two, America expressed its gratitude to returning veterans by supporting their education. We subsequently renewed and made permanent these well earned benefits for veterans. We should do the same today for the people who are on the front line: grocery workers, food delivery workers, restaurant workers, building cleaners, hospital orderlies, EMTs, and … Continue reading
Skills – The future is social and emotional
The most in-demand skills for today’s and tomorrow’s labour market aren’t technical—they’re social and emotional. This report looks at how to make social and emotional skills training and development more effective and accessible for all. Document Highlights The changing nature of work is increasing the demand not only for technical skills but for social and … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
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