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Job Vacancies, Q2 2019 – Job vacancies and the job vacancy rate continue to rise as Quebec accounts for nearly 70% of the rise

On a year-over-year basis, both the number of job vacancies and the job vacancy rate increased in the second quarter. The number of job vacancies was up in four provinces and two territories, with Quebec accounting for nearly 70% of the national increase. Job vacancies increased in 6 of the 10 largest industrial sectors, led by accommodation and food services; … Continue reading

Higher Education System in US – Mismatched with the realities of modern life – Axios

U.S. colleges and universities — historically cornerstones of society — are wrestling with a wave of rapid changes coming at the U.S. The big picture: Higher education institutions — private, public, for-profit and not — are buckling in the face of demographic shifts, the arrival of automation, declining enrollment, political headwinds and faltering faith in … Continue reading

Recession in US – 49% think a recession is at least fairly likely in the next year Gallup finds

Americans’ confidence in the economy has become less rosy this month as Gallup’s Economic Confidence Index fell to +17 from August’s +24 reading, marking the lowest level since the government shutdown ended in January. At the same time, the public is evenly divided over the likelihood of a recession in the next year. The current … Continue reading

Canada – 55 million by 2068

While the populations of many developed countries are expected to decrease, Canada’s population is projected to grow over the next 50 years, largely because of strong immigration. Population growth, however, is likely to vary across the country, with the population of some provinces and territories increasing and others decreasing. As a result, the provinces and … Continue reading

 Job vacancy in Europe – Euro Area rate at 2.3%

The job vacancy rate in the euro area (EA19) was 2.3% in the second quarter of 2019, stable compared with the previous quarter and up from 2.1% in the second quarter of 2018, according to figures published by Eurostat, the statistical office of the European Union. In the EU28, the job vacancy rate was also … Continue reading

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

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