Job Market Monitor
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Job report in Canada (September 2021) – Employment rose by 157,000 (+0.8%), back to pre-pandemic level and unemployment at 6.9.
Employment rose by 157,000 (+0.8%) in September, the fourth consecutive monthly increase. The unemployment rate fell by 0.2 percentage points to 6.9%. Employment regains pre-pandemic level in September, with some notable differences Employment returned to its February 2020 level in September, increasing by 157,000 (+0.8%). The employment rate was 60.9%, 0.9 percentage points lower than … Continue reading
Job Report in US ( September 2021) – Employment rose by 194,000 and number of unemployed fell by 710,000 to 7.7 million with are at 4.8 percent
Total nonfarm payroll employment rose by 194,000 in September, and the unemployment rate fell by 0.4 percentage point to 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and businessservices, in retail trade, and in transportation and warehousing. Employment in public education declined over … Continue reading
COVID-19 Recession in Canada – The C.D. Howe Institute Business Cycle Council declares the end of it
The C.D. Howe Institute’s Business Cycle Council, Canada’s main arbiter of business cycle dates, has declared an end to the COVID-19 recession. The Council decided on August 9 to declare an end to the recession that began in March 2020. It judged that the recovery from the recession is now prolonged and sustained enough to … Continue reading
Job Report in US (July 2021) – Employment rose by 943,000 and and the unemployment declined by 0.5 percentage point to 5.4 percent
Total nonfarm payroll employment rose by 943,000 in July, and the unemployment rate declined by 0.5 percentage point to 5.4 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in local government education, and in professional and business services. This news release presents statistics from two monthly … Continue reading
The ‘Great Resignation’- Really the ‘Great Discontent’ Gallup finds
A new Gallup analysis finds that 48% of America’s working population is actively job searching or watching for opportunities. Businesses are facing a staggeringly high quit rate — 3.6 million Americans resigned in May alone — and a record-high number of unfilled positions. And Gallup discovered that workers in all job categories, from customer-facing service … Continue reading
COVID-19, Immigrants and Unemployment in US -The gap has closedr
As businesses across the United States return to near-normal operations, public attention has shifted to reports of labor shortages and rising prices. But even as hiring picks up in the wake of the COVID-19 outbreak, the labor market is not fully healed. Some 9.5 million U.S. workers were unemployed in June 2021, compared with 5.7 … Continue reading
Covid and Business Cycle Dating in US – A trough in monthly economic activity occurred in the US economy in April 2020 says NBER’s Committee
The Business Cycle Dating Committee of the National Bureau of Economic Research maintains a chronology of the peaks and troughs of US business cycles. The committee has determined that a trough in monthly economic activity occurred in the US economy in April 2020. The previous peak in economic activity occurred in February 2020. The recession … Continue reading
Skills and Occupation Mapping in Canada – The Occupational Skills and Information System (OaSIS)
The Labour Market Information Council (LMIC) has been working jointly with Employment and Social Development Canada (ESDC) and Statistics Canada (STC) to describe jobs in terms of their skills requirements and other characteristics. First, a concept note was presented, outlining the anticipated approach towards mapping ESDC’s new Skills and Competencies Taxonomy to the National Occupational … Continue reading
Upskilling Pathways in France and Italy – A review
Cedefop has started a close cooperation with France and Italy to support the development and implementation of systematic, coordinated and coherent approaches to upskilling pathways for low-skilled adults in the two countries. This first cycle of Cedefop’s thematic country reviews (TCRs) on upskilling pathways will take place between 2021 and 23. The reviews are country-owned … Continue reading
Job Transitions in Tourism and Hospitality Industry in Ontario – The single biggest obstacle is “characteristic similarity”
The COVID-19 pandemic has hit Ontario’s tourism and hospitality sector hard, with significant job losses and reduced prospects for near-term recovery. As part of the Tourism and Hospitality Emergency Response project initiated by the Ontario Tourism Education Corporation, Conference Board researchers examined 48 tourism-sector occupations and found that they have an average of nine potential … Continue reading
Future of Work – The roles of higher education, further education and lifelong learning
There are five major issues that confront the development of economies, in particular, labour markets. These are the climate crisis, economic globalisation, the advent of new technologies, low wage work and underlying these issues, inequality. How we view them will determine the kinds of knowledge and skills needed to provide paid workers with good jobs. … Continue reading
UI Weekly Claims in US (week ending April 17) – 547,000, The lowest level for initial claims since March 14, 2020
In the week ending April 17, the advance figure for seasonally adjusted initial claims was 547,000, a decrease of 39,000 from the previous week’s revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week’s level was revised up by 10,000 from 576,000 to 586,000. … Continue reading
Covid and Unemployment in US – Education still matters
The first graph shows the unemployment rate by four levels of education (all groups are 25 years and older) through March 2021. Note: This is an update to a post from a few years ago. Unfortunately this data only goes back to 1992 and includes only three recessions (the stock / tech bust in 2001, … Continue reading
UK Government’s landmark programme : Lifetime Skills Guarantee – What is it ?
An estimated 11 million adults now have the opportunity to gain a new qualification for free, designed to help them to gain in-demand skills and secure great jobs. Almost 400 qualifications are available to take from today (1 April) – backed by £95 million in government funding in 2021/22 – as part of the government’s … Continue reading
Travailleurs Étrangers Temporaires au Canada – Les approches réglementaires
« Au cours des dix dernières années, les gouvernements des provinces canadiennes ont considérablement modifié le cadre législatif dans lequel les recruteurs de main d’œuvre et les employeurs de travailleurs migrants exercent leurs activités. Des approches réglementaires ont été établies essentiellement en réponse aux volumes accrus de travailleurs migrants et aux situations de maltraitance et d’exploitation … Continue reading
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