Michel Cournoyer

Michel Cournoyer has written 10915 posts for Job Market Monitor

Vietnam employment policy and Korea

Vice Minister of Employment and Labor Lee Gi-gwon and Vietnamese Minister of Labour, Invalids and Social Affairs Pham Thi Hai Chuyen held a bilateral meeting between the two Ministries in Hanoi, Vietnam on April 23rd. At the meeting, they signed a Letter of Arrangement between both countries concerning the provision of policy advice on the … Continue reading

The retirement tsunami at Washington

Figures released earlier this month by the Office of Personnel Management seem to suggest that the giant wave of baby boomers leaving federal service may be starting to build. For the first three months of 2012, OPM saw a steady increase in the number of new claims for the Civil Service Retirement System (CSRS) and … Continue reading

UK | Wealthy and Wealthier

Britain’s wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons’ earnings and savings were squeezed by inflation and low interest rates. The combined wealth of Britain’s 1,000 richest people swelled by almost five percent to more than 414 billion … Continue reading

The Big Waste according to Krugman

In Spain, the unemployment rate among workers under 25 is more than 50 percent. In Ireland almost a third of the young are unemployed. Here in America, youth unemployment is “only” 16.5 percent, which is still terrible – but things could be worse. And sure enough, many politicians are doing all they can to guarantee … Continue reading

Spain enters in recession helped by austerity

Spain sank into recession in the first quarter and economists said spending cuts aimed at meeting strict EU deficit limits together with troubles in the banking sector would delay any return to growth until late this year or beyond. It is the second recession in just over two years for the euro zone’s fourth largest … Continue reading

Job Gap is extending and has entered a new, more structural phase as austerity prevails says ILO who calls for a Global Job Pact

The World of Work Report 2012 provides a comprehensive analysis of recent labour market and social trends, assesses risks of social unrest and presents employment projections for the next five years. The report emphasizes that while employment has begun to recover slowly, job quality is deteriorating and there is a growing sense of unfairness. Moreover, … Continue reading

Canada | Fed Budget | A Third Wave coming while 4,000 to 6,000 to receive notices at StatCan and HRDC

Union bosses are warning that “thousands” of public service sector employees will be receiving notices advising them that their jobs will be “affected” as a result of the government’s spending cuts this week, just as members of one of Canada’s largest unions meet for a national convention in Ottawa beginning Sunday. Speaking to CBC News … Continue reading

Is american manufacturing in crisis?

As pointed out by Calculated Risk,  industrial production is still 4.1% below the pre-recession peak. And, from the job market perspective, things are worse. Manufacturing’s decline in jobs is part of a complicated picture Is manufacturing in crisis? That’s a question on the minds of many policy makers. Even President Barack Obama talked about it in … Continue reading

Australia | NAB to cut 1,400 jobs in UK by 2015

NAB, which has been reviewing its UK unit that comprises over 300 Clydesdale and Yorkshire branches, said it planned to cut 1,400 jobs in UK by 2015, close some back offices and move the vast majority of the UK unit’s commercial real estate exposure valued at 6.2 billion pounds ($10.07 billion) to the parent. NAB … Continue reading

The Waves of the Future and High Demand Careers

Here are some of the “waves” that you will be riding into the 21st Century, and the careers that are predicted to be in high demand riding on those waves. Information Revolution High Technology & Materials Creation Global Village Natural Systems Awareness Demographics Patterns of Working Emerging Careers for the 21st Century. The High Demand Careers … Continue reading

A Juxtaposition of news to see where are the new jobs

Where are the jobs? That’s where the juxtaposition comes in. The real job creation numbers — the staggering numbers — remain outside the United States. • Amazon.com is creating 3,300 jobs in Hyderabad, India. • Ford Motor Co. is creating 5,000 jobs in Sanand, India. • Infosys Technologies is creating 4,000 jobs in China. • … Continue reading

At The Root Of the Global Job Gap | Finance and economic growth delinked

The neglect of credit and debt in economic theory continues to produce muddled policy thinking. Take the tendency to protect banks lock, stock and barrel, at huge costs. The mantra is that if we let banks go bankrupt, that will ruin the economy. This is a nifty inversion of the truth: it is precisely the … Continue reading

Anti-austerity waving in Europe

From the anti-austerity firebrands of Greece’s imminent elections to the corruption crusaders in Prague, from the Pirates of Berlin to the populists who scored well in France’s presidential election, a new wave of anti-establishment parties are on the rise across Europe, posing a threat to the political elite. Their causes vary – some are from … Continue reading

1/3 of unemployed in eurozone are from Spain

Fears for Spain’s ‘imploding’ economy grew yesterday as figures revealed that one in four people in the country are out of work. The figure – 24.4 per cent – is so high it means that one jobless person in three inside the eurozone is Spanish. Unemployment in the country now tops 5.6million – its highest … Continue reading

Disinvestment in Education In North America | How do you think we’ll get by in the 21st century ?

Renowned Economist and Nobel Laureate Joseph Stiglitz strongly rebuked the policy of disinvestment in education occurring in  debt-laden US states, as he addressed a packed house at Victoria Street theatre in Santa Barbara on February 19 in 2010. But this is also going on in Canada and the trend seems to get worse every where since … Continue reading

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