Job Market Monitor
A Closer Look
Youth Unemployment Around the World
Young people aged 15-24 are a key consumer group, which have been badly hit by unemployment in most countries since the start of the global economic downturn in 2008 and the profits of many consumer goods companies have been hit as a result. Western Europe had the highest average youth unemployment rate in 2013 at … Continue reading
US – Half of young people under 25 live “in their parents’ home,” says Census. OK but…
More than 15.3 million twentysomethings—and half of young people under 25—live “in their parents’ home,” according to official Census statistics. Theres just one problem with those official statistics. Theyre criminally misleading. When you read the full Census reports, you often come upon this crucial sentence: It is important to note that the Current Population Survey counts … Continue reading
US – 40% of unemployed workers are millennials
The jobs market is improving, according to government data released Thursday, but millennials are still left out in the cold. They’re suffering more than any other age group, new research finds. Some 40% of unemployed workers are millennials, according to an analysis of U.S. Census data by the Georgetown University Center on Education and the … Continue reading
(Update) June US Job Report – Full-time employment down 523 000 while part-time up by 800 000
As reported yesterday, total nonfarm payroll employment increased by 288,000 in June in US. But the household survey indicates that full-time employment is down 523 000 while part-time up by 800 000. Type of work May 2014 June 2014 Change Full-time workers 118,727 118,204 -0,523 Part-time workers 27,219 28,018 0,799 Source: Table A-9. Selected employment indicators … Continue reading
Education in US – No more the great equalizer
Education was historically considered a great equalizer in American society, capable of lifting less advantaged children and improving their chances for success as adults. But a body of recently published scholarship suggests that the achievement gap between rich and poor children is widening, a development that threatens to dilute education’s leveling effects… One reason for … Continue reading
US – Most graduates have changed careers once by the age of 24
Most of today’s graduates have already changed careers at least once by the age of 24, new research has found. So if you’ve started your career and are already thinking about quitting, you’re in good company. This is also good news the Class of 2014, who may be worried about making a ‘mistake’ when choosing … Continue reading
Increase in Life Expectancy – The greatest cultural and scientific advances in our history or a crisis ?
A demographic tool has become an economic one, treating a demographic challenge as both an economic crisis and a basis for pessimism justifying drastic reductions in bedrock government programs, including those supporting children and the poor. Even at state and local levels, the aging boomer demographic is repeatedly blamed for our economic difficulties. That is … Continue reading
Mismatches in US – Something happened in 2008
Something happened in 2008: the Beveridge Curve shifted to the right and stayed that way. That means employers aren’t hiring as many unemployed people as they should be, according to a pre-2008 view of the world. It is also one of the reasons the economy feels like it is still bad, even though the recession … Continue reading
US – The recovery is among the weakest on record, particularly given its duration says Pew
By several measures — gross domestic product, personal income, job growth and employment ratio — the current recovery is among the weakest on record, particularly given its duration. Unless the economy’s official scorekeepers change their minds, the recovery already has lasted 60 months — the fifth-longest expansion since the end of World War II. Economists … Continue reading
Temporary Foreign Workers Program in Canada – The solution is to fine the offending firms, and not to curtail it
Given the benefits provided by Canada’s lower-skilled TFW’s, why has the public’s perception of the program been negatively skewed? First, rare and isolated abuses of TFWs have been reported by the media. The solution to these transgressions is to fine the offending firms, and not to curtail a successful TFW labour program. What of the … Continue reading
Unemployment Insurance in Germany
Until 2005, Germans who were out of work and in need would receive 60% of the net salary of their last job 67% if they had children, tax free, then after a year, it would go down to 53%. Former chancellor Gerhard Schröder made it his mission to change this system, a programme known as … Continue reading
Unemployed vs Employed in US – How much time they spend doing everything
That deep divide between those with jobs and those without them reveals itself not just in well-known statistics on hiring and income but in the day-to-day details of how people live their lives. The unemployed have higher rates of depression, obesity and suicide. In interviews, they frequently report that the social and emotional impacts of … Continue reading
Long-Term Unemployment in US – The case of women and families
Long-term unemployment is a continuing crisis for both men and women, and their families. However, women’s typically lower earnings when they are employed and their far greater likelihood of being single parents makes them and their children more economically vulnerable when both income from work and modest unemployment insurance benefits are lost. For that reason, … Continue reading
Resume – Admitting faith cuts callback chances by more than 25 percent study finds
According to two recently released studies, admitting one’s faith on a resume can cut the chances for a callback by more than 25 percent. Scholars with the “Religious Affiliation and Hiring Discrimination” field experiments, conducted in the South and New England, found that “applicants who expressed a religious identity were 26 percent less likely to … Continue reading
Mobility in Canada – Infrastructure tradespersons are no more likely to have migrated from another province or region
In 2011, “infrastructure tradespersons” aged 25 to 44 were no more likely to have migrated from another province or region than those who had other types of postsecondary credentials. Infrastructure tradespersons are defined as those who had a certification in trades and whose major field of study was in construction trades, mechanics and repair, precision production, or heavy equipment machinery … Continue reading
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