Job Market Monitor
Michel Cournoyer
COVID and Unemployment in US – 33 percent of voters have already lost their job survey finds
The financial impact of the coronavirus is hitting Americans hard: thirty-three percent of voters have already lost their job, been furloughed, placed on temporary leave, or had hours reduced, with 41 percent of those who’ve lost a job already reporting having trouble covering basic costs. Black Americans are feeling the worst of the financial crisis … Continue reading
COVID and Jobs in US – Ravaging is poised to ramp up survey says
Covid-19’s ravaging of American jobs is poised to ramp up, a survey released today by PricewaterhouseCoopers LLP indicates. In a survey of more than 300 U.S. chief financial officers, 26% said they expect layoffs due to the financial impact of the new coronavirus. That’s up from 16% two weeks ago when PwC put the same … Continue reading
COVID and Jobs in Canada – Companies hiring right now
This list will be updated on a weekly basis. Walmart Fulfillment associate Retail sales associate Cashier Dairy associate Loblaws Cashier Produce clerk Sobeys Grocery associate Cashier Produce clerk Bakery clerk Ceridian Product marketing manager Implementation specialist Senior operations manager Localization manager Performance engineer 7-Eleven Sales associate Assistant store manager GardaWorld Security Guard Security Officer G4S … Continue reading
COVID Impact on Unemployment in US – Scenarios by the Federal Reserve Bank of San Francisco
The Federal Reserve slashed the federal funds rate in response to the effects of the COVID-19 pandemic. The full impact of the pandemic on the economy is still uncertain and depends on many factors. Analysis suggests that allowing the federal funds rate to fall fast will help the economy cope with the aftermath of COVID-19. … Continue reading
COVID in Canada – The Problem with Income Support
The die is cast. Canada’s governments can now count, at least temporarily, on four major measures to support the income of people affected by the COVID crisis, namely: 1. The Wage Subsidy amounting to 75% of salary up to a maximum of $ 3,388 per month ($ 847 X 4), offered to employers who maintain … Continue reading
COVID and Higher Education in US – Will it be ready to get people back to work?
The traditional strengths of American higher education – the measured and careful design of curriculum, two and four-year degrees that represent substantial learning over time, a rich coming-of-age experience for those who can afford it, stunning campuses – may not be enough to meet the challenges that lie ahead. For this economic crisis, America needs a … Continue reading
COVID and Numeracy – “Fractions are my worst nightmare!”
People all across the U.S. claim that they are “not math people.” They even readily admit to their hatred for some math fundamentals, such as fractions. For instance, a participant in one of our research studies on how well adults understand fractions proclaimed: “Fractions are my worst nightmare!” Could people’s fear and avoidance of math, … Continue reading
COVID and Global Poverty – Additional 548 million people earning less $5.50 per day
Conducted by King’s College London and the Australian National University, the research gauged the short-term impact of containing the coronavirus on global monetary poverty based on the World Bank poverty lines of $1.90, $3.20 and $5.50 a day. Global poverty levels would increase under all three scenarios for the first time since 1990 according to … Continue reading
COVID au Canada – Le problème avec le soutien du revenu
Les dés sont largement jetés. Les gouvernements du Canada et du Québec pourront compter, du moins transitoirement, sur quatre grandes mesures pour soutenir le revenu des personnes affectées par la crise du COVID soit : 1. La Subvention salariale de 75% du salaire jusqu’à concurrence de 3 388 $ par mois (847 $ X 4), offerte … Continue reading
COVID and Jobs in Europe – Getting back to work
In this article, we describe how European policy makers and business leaders can think about how to prioritize both protecting lives and restoring livelihoods. Even in countries where lockdowns are unlikely to be lifted for several weeks, governments and companies need to be planning and preparing to restart their economies. We start from three observations: … Continue reading
COVID Macroeconomic Implications – Can a supply shocks bring demand deficiency ?
Jean-Baptiste Say is famously misquoted for stating the Law “supply creates its own demand.” In this paper, we introduce a concept that might be accurately portrayed as “supply creates its own excess demand”. Namely, a negative supply shock can trigger a demand shortage that leads to a contraction in output and employment larger than the … Continue reading
COVID, Library of Congress and Teachers – Classroom materials and professional development to help teachers
For Educators: Classroom Materials & Online Office Hours The Library of Congress offers classroom materials and professional development to help teachers effectively use primary sources from the Library’s vast digital collections in their teaching. https://loc.gov/teachers/
COVID, Jobs and Women in Canada – Bearing the brunt
Women are at the forefront of the economic crisis as yesterday’s labour force report from Statistics Canada reveals. In March, employment among women aged 25 to 54 years fell by 298,500, more than twice the decrease among men. Nearly half of this decrease (144,000) was among women working part-time, many in low paid service and … Continue reading
COVID and Stock Market – Stocks actually rose during the deadly 1919 influenza pandemic.
Oh, and don’t tell me about the stock market. Stocks actually rose during the deadly 1919 influenza pandemic. “Stock market is a really poor guide and in general to the state of the real economy.” via (9) Paul Krugman on Twitter: “Oh, and don’t tell me about the stock market. Stocks actually rose during the … Continue reading
COVID in US – A fiscal time bomb Nobel Prize-winning economist Paul Krugman says
The Nobel Prize-winning economist Paul Krugman says it is important to realize that legislation around the novel coronavirus so far is not a stimulus bill; it is mostly a disaster-relief bill. He says it is good for the most part but will probably need to be bigger, maybe as large as $4 trillion or $5 … Continue reading
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