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US / Black Teen Unemployment Jumps to 38%
The black teen unemployment rate spiked to 38% in January. The dramatic increase represented almost a 10% increase over December’s 35.5% unemployment rate. Overall, the teen unemployment rate for all races was 21%, a modest increase from December. Chosen excerpts by Job Market Monitor. Read the whole story at Black Teen Unemployment Jumps to 38%.
US / What about the Employment Rate ?
The unemployment rate gets all the press, but the employment rate has been improving lately too. The number of Americans working as a proportion of the overall populace — called the employment-population ratio — rose to 58.8% in January. That level was last consistently seen in 2009. Still, the measure remains well below its prerecession … Continue reading
US Declining Labor Force Participation / Aging of the population not the only factor
The aging of the population is not the sole contributing factor in the decline in labor force participation since 2007, contrary to what some have suggested. The participation rate has declined for every age bracket below 54 years old. The effects of these declines can be seen in the figure below. For each age range, we have calculated … Continue reading
EU immigration in Switzerland / A ‘yes’ vote to end free movement
Switzerland has voted 50.3 percent in favor of limiting annual migration from the EU, thus ending the policy of free movement within the bloc that was established in 2002. Swiss voters narrowly decided that immigration quotas would be reintroduced, thereby overturning the free movement policy introduced in the European Union 12 years ago. Early results … Continue reading
Young and Old Workers in the Workplace / New York City’s age-smart designation
New York City’s age-smart designation is about identifying businesses in which a multigenerational workplace boosts the bottom line. Last week, Settepani was honored with aninaugural Age Smart Employer award from the city. The other winners includedMontefiore Medical Center, Pfizer (PFE), and Renewal Care Partners, a long-term care business started by two recent MBAs. The idea, funded by the Alfred … Continue reading
US / Top 10 Auto Repair Jobs In 2013
AutoMD.com today released its list of the Top Ten Auto Repair Jobs for 2013. Standard wear and tear jobs dominated, with Brake Pad replacement coming in at number one, and other cyclical repair jobs, such as Alternator, Water Pump, Timing Belt and Spark Plug replacement rounding out the list. The company also looked at the … Continue reading
Toyota to Close in Australia / Around 2,500 will lose their jobs
Toyota has made the “heart-breaking” announcement that it will stop making cars in Australia in 2017, bringing an end to the nation’s car manufacturing sector. Around 2,500 Toyota workers will lose their jobs, while the loss of the wider automotive industry will put tens of thousands more jobs at risk. Chosen excerpts by Job Market … Continue reading
Lybia / Public sector employs more than 80 percent of workforce, the private sector just 4 percent
“Libya’s labour market is skewed toward the public sector, which employs more than 80 percent of the formal workforce, while the private sector employs just 4 percent of Libyans”, the World Bank reported in its latest January MENA Quarterly Economic Brief. “Furthermore”, the report continued, “attractive wages and benefits offered by the public sector have … Continue reading
US / Women are suffering from public-sector job cuts
Women are suffering from public-sector job cuts and shifting into lower-paying fields such as retail and leisure and hospitality, as their job gains fail to keep up with men in the recovery. The economy added 113,000 jobs last month, according to the Labor Department’s monthly survey of employers. That resulted from a net gain of … Continue reading
US / 10.4 million men, aged 25 to 54, don’t have jobs
“More than one in six men ages 25 to 54, prime working years, don’t have jobs—a total of 10.4 million.” That portion of the male population has almost tripled in the past 40 years. What is life like for these unemployed men? Let’s hear from a few of them. Gawker has pulled a few emails from our … Continue reading
US / Self-Employment is down 9% (936,000 jobs) since the beginning of the recession in 2006
It’s estimated that a whopping 10 million individuals, or 6.6% of all reported jobs, were self-employed in the U.S. as of 2013–however, that figure has declined significantly since the recession, according to a new report from CareerBuilder and Economic Modeling Specialists Intl. (EMSI). The number of self-employed workers is down 9% (936,000 jobs) since the … Continue reading
Canada / Skills gap top barrier to competitiveness says Chamber of Commerce
The Canadian Chamber of Commerce has unveiled its Top 10 Barriers to Competitiveness for 2014, identifying Canada’s growing skills gap as the greatest impediment to business success. Launched in 2012, the initiative is meant to draw attention to barriers holding back Canada’s progress and to urge swift action by the government to improve the country’s … Continue reading
Canada Job Report / Employment rose by 29,000 in January
Employment rose by 29,000 in January, the result of an increase in full-time work. The unemployment rate declined 0.2 percentage points to 7.0%. Over the past 12 months, employment increased 0.8% or 146,000 and the number of hours worked rose 0.7%. During the same period, the employment rate fell 0.3 percentage points to 61.6% as employment grew at a slower pace than the population. Chart 1 Employment Employment increased in Prince … Continue reading
US Job Report / Employment rose by only 113,000 in January
From the official press release Total nonfarm payroll employment rose by 113,000 in January, and the unemployment rate was little changed at 6.6 percent, the U.S. Bureau of Labor Statistics reported today. Employment grew in construction, manufacturing, wholesale trade, and mining. Household Survey Data Both the number of unemployed persons, at 10.2 million, and the unemployment rate, … Continue reading
UK / Give better careers advice says CBI
The Confederation of British Industry (CBI) has called for the government to do more to provide young people with high-quality careers advice, after research revealed 70% of children turn to parents for help. The Association of Colleges (AoC) survey of 2,000 11 to 16-year-olds also found 57% asked teachers for advice. But AoC president Michele … Continue reading
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