Job Market Monitor
Michel Cournoyer
US – People working in legal occupations in downturns
People working in legal occupations in the United States experience economic downturns differently than the labor market as a whole. With increased volatility in unemployment rates and significant gender gaps, the comparatively low unemployment in legal occupations may offer little comfort to those trying to maneuver the Covid-19 downturn. According to the Bureau of Labor … Continue reading
Jobs after COVID in US – Retooled for the Twenty-First Century?
In my 2016 book, Failure to Adjust: How Americans Got Left Behind in the Global Economy, I told the story of how economic globalization caught the United States off-guard. For most of our history, we were a reasonably self-sufficient economy, with an expanding domestic market that was more than large enough to exploit economies of … Continue reading
COVID and Jobs in Europe vs US – The Partial Unemployment (wage subsidy)
The coronavirus pandemic has dramatically changed economic life across Europe and the United States. By confining people to their homes, leading them to spend far less money than they otherwise would, the West has seen a collapse in consumption, threatening the survival of a sweeping number and range of firms, from restaurants to airlines to … Continue reading
COVID et Chômage Partiel (Subvention Salariale) en France – Des entreprises en abusent, les salariés racontent
Pourtant en chômage partiel, ces salariés continuent de travailler (presque) normalement. Nombreux appels des managers, menaces des RH… voici les moyens utilisés par les entreprises pour imposer à leurs salariés de continuer à travailler. Et en cas de refus du salarié, les sanctions tombent déjà. Témoignages. Près de 4 millions. C’est le nombre de salariés … Continue reading
COVID and New Job Postings in US – Dropped 29% between the week of March 2 and the week of March 23
The greatest jobs impact from the coronavirus pandemic isn’t necessarily in states with the highest number of reported cases but in states most dependent on industries like manufacturing and tourism. Nationwide, new job postings dropped 29% between the week of March 2 and the week of March 23, according to a newly released Burning Glass Technologies research. … Continue reading
COVID and Canadian Job Seekers – Job searches for these companies surged
Grocery stores and household delivery services have become key pillars of the economy amid the COVID-19 crisis. Canadian job seekers have taken notice. As companies like Walmart and Amazon announced major hiring plans, job searches for both on Indeed Canada surged, along with those for large grocers including Costco and Loblaws.* Searches containing “Amazon” spiked first, jumping up as … Continue reading
COVID and Unemployment – Official jobless figures will miss the economic pain of the pandemic
An estimated 46 million Americans have already been laid off or seen a reduction in hours as a result of COVID-19, according to Gallup survey data collected from March 27 to March 31, 2020. This amounts to around 28% of workers. But these massive losses are unlikely to register in the official data from our … Continue reading
Unemployment Benefits in US – The Efficacy of Enhanced UI by St. Louis Fed
KEY TAKEAWAYS Social-distancing policies to slow the transmission of coronavirus have disrupted economic activity, shuttering firms and throwing many Americans out of work. Providing more generous unemployment insurance benefits to laid-off and furloughed workers can be an efficient, targeted means to help offset their loss of income. Small business loans aimed at keeping workers on … Continue reading
Job Report in US, March 2020 – Employment fell by 701,000 even if the reference periods predated many COVID impacts
Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) and efforts to contain it. Employment in leisure and hospitality fell by 459,000, mainly in food services and drinking … Continue reading
COVID in Spain – Some 900,000 workers have lost their job and at least another 620,000 have seen their contracts suspended
Spain has shed jobs at a record pace since it went into lockdown to fight the coronavirus, social security data showed on Thursday, laying bare the scale of the epidemic’s impact in the euro zone’s fourth-largest economy. Some 900,000 workers have lost their job since mid-March, with those on short-term contracts in tourism or construction … Continue reading
COVID-19 and Capitalism – It is facing at least three major crises
Economist Mariana Mazzucato believes that the COVID-19 pandemic will shine light onto societal and economic systems all across the world, exposing some of the flaws of a capitalist society. She says it is also likely to change the way we view work, especially in regard to the gig economy and workers’ rights. This triple crisis … Continue reading
COVID and Unemployed Canadians – A third of unemployed Canadians (862,000) receive nothing
New federal policies are being created and adapted daily to try and head off the worst-case economic impacts of COVID-19. Many of those modifications are in reaction to advocates pointing out pitfalls in the proposed design of emergency measures. As these programs unfold, I’ve been tracking how well they cover laid off workers who are … Continue reading
Job Report in US (ADP), March – Lost of 27,000 up to March 12, without full impact of COVID-19
ADP National Employment Report: Private Sector Employment Decreased by 27,000 Jobs in March; the March NER Utilizes Data Through March 12 and Does Not Reflect the Full Impact of COVID-19 on the Overall Employment Situation ROSELAND, N.J. – April 1, 2020 – Private sector employment decreased by 27,000 jobs from February to March according to … Continue reading
Causes of Death – The top 10 vs COVID
Of the 56.9 million deaths worldwide in 2016, more than half (54%) were due to the top 10 causes. Ischaemic heart disease and stroke are the world’s biggest killers, accounting for a combined 15.2 million deaths in 2016. These diseases have remained the leading causes of death globally in the last 15 years. Chosen excerpts … Continue reading
COVID and Seasonal Labor Needs – A race against the clock
As the world faces a pandemic of historic proportions, governments face an array of time-sensitive policy questions. One of the more pressing ones: who is going to produce the food that their populations need? In many highly developed countries, the agriculture and horticulture sectors have long relied on foreign workers amid difficulties recruiting locally for … Continue reading
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