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Minimum Wage Increase in US – Would benefit 4.7 million moms and 2.6 million, working dads finds EPI
About 22 million moms are working in the United States today. Over one-fifth of all working moms would get a raise if we increased the minimum wage to $10.10. That’s 4.7 million moms and their families who would see an increase in wages with that modest minimum wage increase. And, not to be left out, 11.6 … Continue reading
Qantas – As many as 300 pilots could be laid off
Qantas has started a major pilot redundancy program for the first time in decades that will ultimately target as many as 300 pilots it believes are excess to the financially troubled and shrinking airline’s needs. The company has not specified how many jobs it will target in the first round, but it is believed to … Continue reading
Skills Gap in US – We are not doing an adequate job of preparing our workforce says Philadelphia Fed President
U.S. employers are having trouble finding workers with the needed skills in science, technology, engineering and math, a top Federal Reserve official said on Monday. “We are seeing a mismatch of skills in the workforce and the jobs that are being created,” Philadelphia Fed President Charles Plosser said of the so-called STEM-trained workers who are … Continue reading
Minimum Wage in Pennsylvania – More than a million would benefit from an increase
The impact of a minimum-wage hike in Pennsylvania would benefit more than 1 million workers from all areas of the state, according to a new report from the Keystone Research Center. KRC Labor Economist Mark Price co-authored the study. He says boosting the state’s minimum wage to $10.10 an hour by 2016 would have a … Continue reading
L’emploi au Québec – Quelque chose ne tourne pas rond depuis plusieurs mois
Encore une mauvaise nouvelle sur l’emploi au québec: 32 000 personnes en moins en février qu’en mars selon les données désaisonnalisées. À lire en français sur Moniteur de l’Emploi @ L’emploi au Québec – Quelque chose ne tourne pas rond depuis plusieurs mois
Canada – Employment decreased by 29,000 in April
Employment decreased by 29,000 in April, and the unemployment rate was unchanged at 6.9% as the number of people participating in the labour market edged down. There has been little overall employment growth in Canada since August 2013. On a year-over-year basis, the number of people working rose by 0.8% or 149,000, evenly split between part-time and full-time work. Chart 1 Employment … Continue reading
Canada – Statcan job numbers: the measurements don’t even address the most interesting information says Don Drummond
Statistics Canada’s survey presents the number of jobs created or lost for the given month, as well as the unemployment rate. Don Drummond, an economist who wrote a report for the government five years ago on how to improve the country’s labour-market data, said the concerns over the Labour Force Survey lie in the limitations … Continue reading
Australia – Unemployment steady at 5.8 per cent and full-time jobs added
Australia’s unemployment rate has held steady at 5.8 per cent, with the estimated addition of 14,200 jobs. The result defied economist expectations of a small tick up in unemployment to 5.9 per cent, with most having expected a payback after a large decline in the jobless rate last month. However, the Bureau of Statistics figures … Continue reading
US – A Map of unemployment rates by County (2013 average)
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Greece – Unemployment down for fifth straight month (to 26.5 percent)
Greece’s jobless rate improved in February to its lowest rate in more than a year, data showed on Thursday, in another sign the Greek economy is emerging from a crippling six-year slump. Unemployment dropped for a fifth consecutive month, to 26.5 percent from a downwardly revised 26.6 percent the month before, the Greek statistics service … Continue reading
Jobless Claims in US – A decrease of 26,000
SEASONALLY ADJUSTED DATA (from the official Press Release) In the week ending May 3, the advance figure for seasonally adjusted initial claims was 319,000, a decrease of 26,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 344,000 to 345,000. The 4-week moving average was 324,750, an increase … Continue reading
Boston Fed / To cut 160 jobs
The Federal Reserve Bank of Boston will cut nearly 15 percent of its workforce in the next three to four years — the largest layoff at the institution in more than a decade. Last week bank officials informed 160 employees — an entire division — that their jobs would be eliminated because a key customer, … Continue reading
Barclays – To cut 19,000 jobs over three years
As part of a new strategy, the investment part of the bank will lose about 7,000 jobs by the end of 2016. Barclays’ investment bank has been hit by a slowdown in the demand for government and company debt. Barclays will also set up a “bad bank” which will eventually sell or run down £115bn … Continue reading
Canada – Jacob retail chain closing its 92 stores – 2,000 jobs gone
After years of financial struggles, the Jacob retail chain announced Tuesday it is closing its 92 stores across Canada. “It’s a very sad day for retail in Quebec,” said analyst Terry Henderson of J.C. Williams Group. “Joey Basmaji was an icon,’’ he said of the founder of the family-owned fashion chain.Stores will remain open for … Continue reading
US – Public, private or a top 100-ranked school do not make a difference in workplace engagement or well-being study finds
Gallup, in partnership with Purdue University and Lumina Foundation, today released results from the inaugural Gallup-Purdue Index that finds there is no difference in workplace engagement or a college graduate’s well-being if they attended a public or private not-for-profit institution, a highly selective institution, or a top 100-ranked school in U.S. News & World Report. … Continue reading
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