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FedViews – The April jobs report left little doubt that the economy has reached full employment

The April jobs report left little doubt that the economy has reached full employment. Unemployment fell to 4.5% in March, below most estimates of its sustainable level in a healthy economy, or the natural rate. Other indicators also point to stronger conditions. For example, the number of workers who reported being involuntarily part time employed … Continue reading

Immigration in Canada – Lowest Score for Canada Express Entry draw

Canadian Immigration authorities conducted the 10th round of invitations under Express Entry in 2017 and  60th overall, inviting 3,665 applicants for permanent residence, under all programs. The lowest Comprehensive Ranking System (CRS) score was 415, a record for the all-time low CRS score for Express Entry. Chosen excerpts by Job Market Monitor. Read the whole story at New Record For … Continue reading

Millennial Workers in US – Just as likely to stick with their employers

Millennial workers, those ages 18 to 35, are just as likely to stick with their employers as their older counterparts in Generation X were when they were young adults, according to recently released government data. And among the college-educated, Millennials have longer track records with their employers than Generation X workers did in 2000 when … Continue reading

Automation in China – Delivery firm is moving to embrace it (video)

Orange robots at the company’s sorting stations are able to identify the destination of a package through a code-scan, virtually eliminating sorting mistakes. Shentong’s army of robots can sort up to 200,000 packages a day, and are self-charging, meaning they are operational 24/7. The company estimates its robotic sorting system is saving around 70-percent of … Continue reading

Artificial Intelligence (AI) – The three new categories of AI-driven business and technology jobs

The threat that automation will eliminate a broad swath of jobs, across the world economy is now well established. As artificial intelligence (AI) systems become ever more sophisticated, another wave of job displacement will almost certainly occur. It can be a distressing picture. But here’s what we’ve been overlooking: Many new jobs will also be … Continue reading

Automation around the World – 1.2 billion full-time equivalents and $14.6 trillion in wages

Today, about half the activities that people are paid to do in the global economy have the potential to be automated by adapting demonstrated technology. As we’ve described previously, our focus is on individual work activities, which we believe to be a more useful way to examine automation potential than looking at entire jobs, since most … Continue reading

Automation in Australia – More than five million jobs, almost 40 per cent, have a moderate to high likelihood of disappearing in the next 10 to 15 years

More than five million jobs, almost 40 per cent of Australian jobs that exist today, have a moderate to high likelihood of disappearing in the next 10 to 15 years due to technological advancements, a CEDA report being released today has found. Figure 1 shows the estimated probabilities of the susceptibility of jobs to computerisation … Continue reading

Job Vacancies in Canada, Q4-2016 – Up 6.3% with job vacancy rate at 2.4%

Job vacancies rose 6.3% from the fourth quarter of 2015 to 375,000 in the fourth quarter, following little year-over-year change in the third quarter. Meanwhile, the job vacancy rate increased 0.1 percentage points to 2.4%. Compared with the third quarter of 2016, the number of job vacancies (unadjusted for seasonality) fell by 6.6% in Canada, while the job vacancy rate decreased by 0.1 percentage points. These quarter-to-quarter … Continue reading

US – In 2015, an estimated 300,000 full-time employees in computer science jobs worked from home

Slack, Skype, Google Hangouts, Basecamp, BlueJeans. Over the past decade, designers and engineers have invented dozens of new tools to keep us connected to the office without actually going there. Unsurprisingly, those same engineers have been among the first to start using them in large numbers. More programmers are working from home than ever and, … Continue reading

US – Income volatility is the result of broad shifts in the labor market

The lack of access to stable, predictable cash flows is the hard-to-see source of much of today’s economic insecurity. We came to understand this after analyzing the U.S. Financial Diaries (USFD), an unprecedented study to collect detailed cash flow data for U.S. households. From 2012 to 2014 we set up research sites in 10 communities across the country. The USFD research … Continue reading

Industrial Production in Europe – Down by 0.3% in euro area, down by 0.2% in EU28

In February 2017 compared with January 2017, seasonally adjusted industrial production fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January 2017 industrial production rose by 0.3% in both zones. Chosen excerpts by Job Market Monitor. Read the … Continue reading

Certified Age Friendly Employer (CAFE) Program – RetirementJobs.com

RetirementJobs.com’s Certified Age Friendly Employer (CAFE) program is an initiative to identify those organizations that are committed to being the best places to work for employees at or above age 50. Certified employers are those that value employees based solely on their proficiency, qualifications and contribution and also maintain policies, practices and programs supporting people … Continue reading

Unconscious Bias – The failures of diversity training

There’s great work showing that diversity is correlated with business performance. But we’ve also learned that that probably won’t be enough to move the needle. That came as somewhat of a surprise to many of us, who thought that if we can show the business case, things will happen. But clearly more needs to be … Continue reading

Job Report in Canada, March 2017 – Employment was little changed (+19,000 or +0.1%)

Employment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percentage points to 6.7% as more people searched for work. In the first quarter of 2017, employment gains totalled 83,000 or 0.5%. This growth is comparable to the last quarter of 2016 (+91,000 or +0.5%) and notably higher than the first quarter of 2016 (+36,000 or +0.2%). Compared with 12 months earlier, employment increased by 276,000 (+1.5%), mostly … Continue reading

Job Report in US, March 2017 – Employment up by (only) 98,000 bu unemployment rate fell to 4.5 percent, the lowest level in almost a decade

The unemployment rate declined to 4.5 percent in March, and total nonfarm payroll employment edged up by 98,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services and in mining, while retail trade lost jobs. Household Survey Data The unemployment rate decreased by 0.2 percentage point to 4.5 percent … Continue reading

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