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Labour Costs in EU (QII, 2019) – Rose by 3.1%

Hourly labour costs rose by 2.7% in the euro area (EA19) and by 3.1% in the EU28 in the second quarter of 2019, compared with the same quarter of the previous year. In the first quarter of 2019, hourly labour costs increased by 2.5% and 2.7% respectively. These figures are published by Eurostat, the statistical … Continue reading

Industrial Production in Euro Area, July 2019 – Down by 0.4%

In July 2019 compared with June 2019, seasonally adjusted industrial production fell by 0.4% in the euro area (EA19) and by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2019, industrial production fell by 1.4% in both the euro area and EU28. In July 2019 … Continue reading

Median Household Income in US in 2018 – $63,179, Not significantly different from 2017

The U.S. median household income was $63,179 in 2018, not statistically different than the previous year, according to U.S. Census Bureau statistics released today. At first glance, it would appear that median income was higher than every year prior to 2017, surpassing the median income for 2007 ($60,985 in 2018 dollars) and 1999 ($61,526 in … Continue reading

Job Report in US, August – Employment rose only by 130,000 and unemployment was unchanged at 3.7 percent

Total nonfarm payroll employment rose by 130,000 in August, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment in federal government rose, largely reflecting the hiring of temporary workers for the 2020 Census. Notable job gains also occurred in health care and financial activities, while mining lost jobs. … Continue reading

Job Report in Canada, August 2019 – Employment increased by 81,000 and unemployment remained at 5.7%

Following three consecutive months of little change, employment increased by 81,000 in August, largely in part-time work. The unemployment rate remained at 5.7% as more people participated in the labour market. Compared with August 2018, employment increased by 471,000 (+2.5%), the result of gains in both full- (+306,000 or +2.0%) and part-time work (+165,000 or +4.8%). Over the same period, hours worked were … Continue reading

France – Les nouveautés du Compte Personnel de Formation

Depuis le 1er janvier 2019, le CPF n’est plus alimenté en heures, mais en euros. Utiliser son droit à la formation sans limite de temps Alors que la première publication de loi « Pour la liberté de choisir son avenir professionnel » prévoyait de réduire les comptes personnels de formation non utilisés par les titulaires, la ministre … Continue reading

Job Report in Europe, July 2019 – Unemployment at 7.5% in euro area with 3.195 million young persons unemployed in EU28

The euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in July 2019, stable compared with June 2019 and down from 8.1% in July 2018. This remains the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in July 2019, stable compared with June 2019 and down from 6.8% … Continue reading

How to Tell if a Recession is Coming – A measure that focuses on the unemployment rate

Experts from the Hamilton Project observe that two traditional methods of noting when recessions have started—waiting for an announcement from the National Bureau of Economic Research or observing GDP to decline over two consecutive quarters—“are appropriate for historical analysis but too slow to be useful for policy.” Instead, they explain a measure developed by economist … Continue reading

Industry-Driven Apprenticeship in US – A true alternative with a two-track system for skills standards

Changing technology, growing skills mismatches and weak wage growth are drawing attention to the need for more sophisticated, more relevant career and technical skills, especially for workers who lack a four-year college degree. Among the most effective ways to raise skill levels and prepare workers for rewarding careers is with apprenticeships that combine classroom learning … Continue reading

Job Report in US revised – Employers added a half-million fewer jobs in 2018 and early 2019 than previously reported

Employers added a half-million fewer jobs in 2018 and early 2019 than previously reported, the Labor Department said Wednesday. The revisions, which are preliminary, are part of an annual process in which survey-based estimates are brought into alignment with more definitive data from state unemployment insurance records. Wednesday’s revision covers the period through March; final … Continue reading

Area of Study and Earnings – Engineering, construction and business and law have a strong impact but not arts and media

In this paper, we investigate the relationship between labour market outcomes and vocational qualifications disaggregated by subject area of study. Using individuals holding vocational qualifications in any subject at the level below as their highest level of achievement in the Regulated Qualifications Framework (RQF) as the counterfactual group, we find that gaining vocational qualifications in … Continue reading

Higher Education in US – Only half of American adults think colleges and universities are having a positive effect

Americans see value in higher education – whether they graduated from college or not. Most say a college degree is important, if not essential, in helping a young person succeed in the world, and college graduates themselves say their degree helped them grow and develop the skills they needed for the workplace. While fewer than half … Continue reading

Training – Workers today spend an average 505 hours a year learning: 484 informally and 21 formally

Research reveals that workers today spend an average 505 hours a year learning: 484 informally and 21 formally. So although a limited training budget might mean scaling back on the hours spent in seminars, classes, and workshops, that doesn’t mean employees can’t learn in other ways. Informal learning empowers employees to go out into the world … Continue reading

Recession in US – Most NABE economists expect it by the end of 2021

“Survey respondents indicate that the expansion will be extended by the shift in monetary policy, and most expect the next economic recession will occur later than anticipated when the February policy survey was conducted,” said NABE President Constance Hunter, CBE, chief economist, KPMG. “Of the 98% of respondents who believe a recession will come after … Continue reading

Upgrading Skills in US – A more comprehensive approach is required

To upgrade the skills of Americans at greatest risk from automation, a more comprehensive approach is required — one that’s backed by government. To start, states and the federal government should boost tax credits to encourage small and medium-sized businesses to invest more in retraining low-skilled workers. States should bolster workforce development boards that help … Continue reading

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