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VET in Germany – A successful model
Vocational education and training (VET) in Germany is based on close cooperation between the State, companies and social partners. Germany’s VET is a successful model, largely based on the dual system (apprenticeship) leading to high-quality vocational qualifications, valued on the labour market. Apprenticeship enables smooth education-to-work transitions, resulting in low youth unemployment: in 2019, 5.8% … Continue reading
Job Report in Canada (June 2020) – Employment increased by a further 953,000 (+5.8%), reaching a level 9.2% lower than in February
Building on an initial recovery of 290,000 in May, employment rose by nearly one million in June (+953,000; +5.8%), with gains split between full-time work (+488,000 or +3.5%) and part-time work (+465,000 or +17.9%). With these two consecutive increases, employment in June was 1.8 million (-9.2%) lower than in February. Employment continues to rebound as … Continue reading
Covid and Unemployment in Canada – Changes to EI system coming
Government officials admit there will still need to be policy changes to the EI system to help some self-employed workers qualify, and capture EI-eligible workers who, due to the pandemic, haven’t been able to work the necessary qualifying hours. “It’s not easy. We’re in challenging times,” Finance Minister Bill Morneau told reporters. “We’re going to … Continue reading
Employment Outlook 2020 – Unemployment will remain high into 2021, more so should a second pandemic wave hit says OECD
Unemployment is projected to reach nearly 10% in OECD countries by the end of 2020, up from 5.3% at year-end 2019, and to go as high as 12% should a second pandemic wave hit. A jobs recovery is not expected until after 2021. And now must keep up support while building resilience Help those in … Continue reading
UI Claims in US (week ending June 27) – 1,427,000, a decrease of 55,000 from the previous week’s revised level
In the week ending June 27, the advance figure for seasonally adjusted initial claims was 1,427,000, a decrease of 55,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 1,480,000 to 1,482,000. The 4-week moving average was 1,503,750, a decrease of 117,500 from the previous week’s revised average. … Continue reading
Job Report in US (June 2020) – Employment rose by 4.8 million, still down nearly 14.7 million jobs since February, and unemployment rate declined to 11.1 percent
Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts … Continue reading
Skills vs College Degree in US – Some 36 million Americans have some college education, but no credential
Americans without a degree have the skills and knowledge to thrive in higher wage jobs. And jobs that don’t require college can offer a less expensive, shorter pathway to a good career, oftentimes with a higher starting salary. They are often “stackable,” allowing workers to layer new skills and credentials by weaving work with learning … Continue reading
UI Weekly Claims in US (week ending June 13) – 1,508,000, a decrease of 58,000 from the previous week’s revised level, 29.1 million receiving benefits was as of May 30
Unemployment Insurance Weekly Claims ReportIn the week ending June 13, the advance figure for seasonally adjusted initial claims was 1,508,000, a decrease of 58,000 from the previous week’s revised level. The previous week’s level was revised up by 24,000 from 1,542,000 to 1,566,000. The 4-week moving average was 1,773,500, a decrease of 234,500 from the … Continue reading
UI Weekly Claims in US (week ending June 6) – 1,542,000, a decrease of 355,000 from the previous week’s revised level with a total of 44,2M for the lockdown
Unemployment Insurance Weekly Claims Report In the week ending June 6, the advance figure for seasonally adjusted initial claims was 1,542,000, a decrease of 355,000 from the previous week’s revised level. The previous week’s level was revised up by 20,000 from 1,877,000 to 1,897,000. The 4-week moving average was 2,002,000, a decrease of 286,250 from … Continue reading
COVID and the Global Economy – The worst recession since World War II with a drop 5.2% this year says the World Bank
World Bank Global Economic Prospects forecasts say global economy will shrink 5.2% this year, using market exchange rate weights. The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% … Continue reading
Job Report in Canada, May 2020 – Employment rebounds and absences from work drop and unemployment reaches record
Employment rebounds and absences from work drop From February to April, 5.5 million Canadian workers were affected by the COVID-19 economic shutdown. This included a drop in employment of 3.0 million and a COVID-19-related increase in absences from work of 2.5 million. In May, employment rose by 290,000 (+1.8%), while the number of people who … Continue reading
Job Report in US (May 2020) – Employment rose by 2.5 million and unemployment declined to 13.3%
Total nonfarm payroll employment rose by 2.5 million in May, and the unemployment rate declined to 13.3 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected a limited resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts to contain it. In … Continue reading
UI Weekly Claims in US (week ending May 30) – 1,877,000, a decrease of 249,000 from the previous week’s revised level
In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the previous week’s revised level. The previous week’s level was revised up by 3,000 from 2,123,000 to 2,126,000. The 4-week moving average was 2,284,000, a decrease of 324,750 from the previous week’s revised average. … Continue reading
Unemployment in Europe (April 2020) – 14.079 million or 7.3%, up from 7.1% in March with 2.776 million young persons (under 25)
In April 2020, the second month after COVID-19 containment measures were implemented by most Member States, the euro area seasonally-adjusted unemployment rate was 7.3%, up from 7.1% in March 2020. The EU unemployment rate was 6.6% in April 2020, up from 6.4% in March 2020. These figures are published by Eurostat, the statistical office of … Continue reading
COVID and Job Cuts in Public Education in US – Already greater than in all of the Great Recession
It has been well documented that fiscal austerity was a catastrophe for the recovery from the Great Recession. New estimates show that without sufficient aid to state and local governments, the COVID-19 shock could lead to a revenue shortfall of nearly $1 trillion by 2021 for state and local governments. In lieu of substantial federal … Continue reading
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