Job Market Monitor
Michel Cournoyer
Demographic Alert: Older Workers Will Soon Exceed Younger Workers in Numbers in US
For the very first time in history, the number of workers over age 55 will surpass the number of workers ages 25 to 34. Since 1990, the number of older workers has been increasing steadily, while the number of younger workers in that specific age cohort has been steadily declining. It’s just a matter of … Continue reading
Are you stuck in a rut at work? A survey by the Guardian
Are you stuck in a rut at work? One in four workers feel their career has stalled as older workers put off retirement. And only a third felt their organisation was promoting the best-qualified employees. Do you feel your career is going nowhere? via Are you stuck in a rut at work? | Comment is … Continue reading
The American Dream – Economic Mobility Across Generations – There is stickiness at the ends of the wealth ladder
Pursuing the American Dream uses the most current available data to measure mobility by family income and wealth, and personal earnings to reveal how closely tied a person’s place on the economic ladder is to that of his or her parents’. Some of the highlights of the research include: Eighty-four percent of Americans have higher … Continue reading
Nine states have regained all jobs lost to recession – The Business Journals
Nine states and the District of Columbia have recovered all of the jobs they lost during the recession. The other 41 states are still working on their comebacks. On Numbers analyzed state-by-state employment data from the U.S. Bureau of Labor Statistics for May 2007 and the same month this year. The economic downturn officially … Continue reading
Migrants cash remittances have grown faster despite the world financial crisis
Cash remittances sent home by migrants, a major part of developing world revenue, have grown faster than expected despite the world financial crisis, the World Bank said Tuesday. In an update to its annual report on remittance flows, the development lender said recorded transfers increased by 12.1 per cent last year to $372 billion and … Continue reading
US – Job Access by Transit
The suburbanization of jobs obstructs transit’s ability to connect workers to opportunity and jobs to local labor pools. An analysis of data from 371 transit providers in the nation’s 100 largest metropolitan areas reveals that: Over three-quarters of all jobs in the 100 largest metropolitan areas are in neighborhoods with transit service. Western metro areas … Continue reading
Youth Unemployment in EU – The crisis has caused a significant increase, but rates vary widely
“There are many reasons for youth unemployment: besides the general situation on the labour market, one might mention education and training systems, labour market and employment policies, but also the stratification and distribution of opportunities in society” write JOERG BERGSTERMANN AND BJOERN HACKER in Youth Unemployment in Europe on social-europe.eu. As things stand at the moment, the … Continue reading
Official youth unemployment – The Scariest Chart
In March this year, for the first time on record, more than half of the young people in Spain and Greece were counted as unemployed by the OECD, which provided the chart above. Three months later, the situation is still getting worse. Official youth unemployment in Greece and Spain has crossed 51 percent. That’s worse … Continue reading
ILO Report – Eurozone risks losing a further 4.5 million jobs
Unemployment in the Eurozone could reach almost 22 million over the next four years, up from 17.4 million, unless policies change course in a concerted manner, the ILO says in a report entitled “Eurozone job crisis: trends and policy responses” . The study warns that without a shift in policy direction all countries in the … Continue reading
US Unemployment Rate – Is 8% the New Norm ?
This decade is shaping up to be the worst for unemployment since the Great Depression. The U.S. unemployment rate has been above 8% for more than three long years, far above the 5.4% average of the seven full decades since the Great Depression. Job growth, as measured by the household survey that calculates the jobless … Continue reading
Great Recession – One in six Californians went hungry
About 3.8 million Californians went hungry during the recession, according to a report released Monday by the UCLA Center for Health Policy Research. More than 1.1 million of those adults were in Los Angeles County. Altogether, about one in six Californians had “food insecurity,” meaning they couldn’t put enough food on the table and experienced … Continue reading
Does Xerox’s outsourcing also mean layoffs ?
About a year ago, Xerox told some 600 employees, many of them engineers, that their jobs were being transferred to an India-based IT services firm. How has that worked out? Neither company is disclosing detail about what’s been going on, but information is leaking out about some layoffs. The move by Xerox goes to the … Continue reading
Bayer CropScience plans layoffs at its Institute plant
Bayer CropScience plans to lay off more than 200 workers at its Institute plant by the end of the year. Bayer says 163 workers will be laid off in the first phase, which will begin Sept. 7. The cuts are expected to continue through the rest of the year. Media outlets report that Bayer notified … Continue reading
Lockheed’s warning of possible layoffs
Lockheed Martin is among a group of defense contractors who say that federal and state law would require them to tell hundreds of thousands of employees they could lose their jobs should the Obama administration and Congress fail to avert automatic defense reductions of $500 billion over a decade, starting Jan. 2… via Lockheed’s warning … Continue reading
Biopharma – Job Outlook Bleak
After years of flying high, biopharma job growth is running into turbulence, a number of factors have increasingly pushed big pharma into layoffs. Although the picture is bleak now, the industry’s longer-term employment prospects appear brighter. Roche will eliminate 1,000 jobs by the end of 2013 when it shuts down its Nutley, NJ, R&D site. … 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
Job Market Monitor 