Job Market Monitor
In the News
Namibia / Employers welcome Vocational Education and Training Levy
The Namibia Employers’ Federation (NEF) has in principle welcomed the implementation of the Vocational Education and Training (VET) levy, which was published in the Government Gazette of January 27, 2014. “We encourage all employers to accept the levy and to see it as a medium to long-term investment in the country as a whole. It … Continue reading
Canada / The Middle-class dream is a ‘myth’ says an internal report
Canada’s middle class is mortgaging its future to stay afloat, making the Canadian dream “a myth more than a reality.” That’s the blunt assessment of an internal Conservative government report, an unvarnished account of the plight of middle-income families that’s in contrast to the rosier economic picture in this month’s budget. The document was prepared … Continue reading
EU labour market / A growing North-South divide
Vacancy trends in the European labour market indicate a widening gap in job opportunities between Northern and Southern countries. The latest issue of the European Vacancy Monitor (EVM) reveals a shortage of labour supply in countries such as Austria, Denmark Sweden, Estonia and Latvia, while competition for jobs is increasing in countries such as Greece, … Continue reading
Canada Job Grant / Kenney agrees to province’s demands
The federal government has agreed to two key demands from the provinces and territories on its contentious Canada Job Grant that could pave the way for a deal on the national job training program, the Canadian Press has learned. Federal Employment Minister Jason Kenney sent a final counter-proposal to his provincial and territorial counterparts on … Continue reading
Ontario / University education pays off says a report
Ontario university grads have the best odds of landing jobs in their fields at good wages, according to a feisty new report from the Council of Ontario Universities that disputes any notion its members are glorified prep schools for a life making lattes. The 30-page “University Works,” to be released Tuesday, argues that university grads … Continue reading
UK / The start of the National Student Employment Week
Today marks the start of National Student Employment Week, an annual event designed to enhance employability and boost the job skills of students in the United Kingdom. Organised by the National Association of Student Employment Services (NASES), National Student Employment Week 2014 runs from today 24th February until 2 March and features a range of … Continue reading
Qantas / To cut 5000 jobs
QANTAS is gearing up to axe 5000 jobs and sell its terminal at MelbourneAirport to prove to the Abbott Government it can make the tough business decisions required to obtain federal assistance. The airline may also take the razor to its budget offshoot Jetstar, slashing jobs and routes, as it lobbies the Government to provide … Continue reading
A Personal Note / Congratulations to Charle Cournoyer, my godchild, for his Bronze Medal
This is quite unusual for me to post something on a personal level, but this is an exceptional event. Charle Cournoyer, my godchild, won a Bronze Medal, short track skating, 500m yesterday for Canada. Congratulations Charle. Related articles Charle Cournoyer wins bronze in 500m short track (olympic.ca) Cournoyer wins 500-metre speed skating bronze for Canada … Continue reading
Turkish Cyprus / 90% of 18-30 year olds are grads but there is no jobs for them
While the world talks about the resumption of the Cyprus peace talks, which were restarted last week after a two-year pause, it seems that the dire economic situation in the Greek Cypriot-controlled south have been all but forgotten. At the same time, Turkish Cypriots in the Turkish Republic of Northern Cyprus (TRNC) also face the … Continue reading
Royal Bank of Scotland / To cut up to 30,000 jobs
The Financial Times and the Daily Telegraph reported Friday that Royal Bank of Scotland would soon announce job cuts of between 20,000 and 30,000. They assumed the lender – owned 80 percent by the taxpayer – would inform the public about its plans while presenting an earnings report next week. The media reports suggested the … Continue reading
UK vs G7 / Widest Productivity Gap in 20 years
Britain’s productivity gap with its major developed country rivals is at its widest in 20 years, following the flat-lining of the economy since the deep recession of 2008-09. International comparisons released by the Office for National Statistics show that output per hour worked in the UK is 21% lower than the average for the other … Continue reading
Minimum Wage Estimated Impacts in US / CBO Director defends position
A number of economists from the White House and beyond have criticized a CBO report on the effects of potentially boosting the minimum wage to $10.10 an hour. But CBO Director Douglas Elmendorf isn’t backing off. Congressional Budget Office Director Douglas Elmendorf defended a controversial report on the minimum wage Wednesday, amplifying a debate that … Continue reading
Employment Insurance in Canada / Little changed in December 2013 but claims increased for the second month in a row
In December, 514,200 people received regular Employment Insurance (EI) benefits—little changed from November. The number of beneficiaries has been relatively stable since May 2013, following a long-term downward trend that began in the summer of 2009. Saskatchewan and Alberta posted an increase in the number of people receiving regular EI benefits in December, while there were fewer beneficiaries in … Continue reading
US / Jobless claims decreased last week
Fewer Americans filed applications for unemployment benefits last week, a sign employers are holding the line on firings even as cold weather slowed industries from manufacturing to housing. Jobless claims declined by 3,000 to 336,000 in the week ended Feb. 15, a Labor Department report showed today in Washington. The median forecast of 53 economists … Continue reading
Minimum Wage Increase in US / The CBO’s estimates of the effects on employment and family income
Increasing the minimum wage would have two principal effects on low-wage workers. Most of them would receive higher pay that would increase their family’s income, and some of those families would see their income rise above the federal poverty threshold. But some jobs for low-wage workers would probably be eliminated, the income of most workers … Continue reading
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