Job Market Monitor
In the News
US / Why Local Double-Digit Unemployment Persists
Based on recent national unemployment rates, it would appear that job creation has improved sharply from when the economy was shedding half a million jobs a month and the jobless rate rose to more than 10%. For much of the country that is true. However, some geographic pockets of unemployment remain in double-digit percentages. Most … Continue reading
US / Fast-food workers on strike for a ‘living wage’
Fast-food workers went on strike and protested outside McDonald’s, Burger King and other restaurants in 60 U.S. cities on Thursday, in the largest protest of an almost year-long campaign to raise service sector wages. Rallies were held in cities from New York to Oakland and stretched into the South, historically difficult territory for organized labor. … Continue reading
Ending the 9 to 5 and choosing workplace flexibility over pay
The 9 to 5 job may soon be a relic of the past, if Millennials have their way. Continue reading
US / Unemployment most Linked to Being Depressed
For Americans, being unemployed, being out of the workforce, or working part time — but wanting full-time work — are the strongest predictor of having depression Continue reading
US / Full employment is not an impossible dream says Blinder
In his keynote address, Blinder, a former vice chairman of the Federal Reserve, reminded listeners, “We know what full employment looks like, feels like. It is not an impossible dream… The way to create jobs without spending a budgetary nickel is monetary policy.” Continue reading
Wal-Mart / A call to ‘made in America’
Wal-Mart Stores Inc. spearheaded an effort Thursday to bring together retailers, suppliers and government officials so they can figure out how to bring more manufacturing jobs to the United States Continue reading
UK’s Brain Drain / Two million in ‘talent drain’ (4,000 per day)
According to the Office for National Statistics, the number of British citizens who have moved abroad has risen by a fifth under the Coalition, reaching 154,000 last year. Separate figures, published by the OECD, show that almost 1.3million Britons with university-level education are living abroad, more than any other developed economy. Nick de Bois, secretary … Continue reading
Irving / Layoffs at Halifax shipyard
The Irving Shipyard in Halifax will begin laying off part of its workforce by the end of September as the site prepares for $300 million in renovations to start building a new fleet of navy ships. Scott Jamieson, vice-president of programs at the shipyard, says the move is necessary to proceed with the construction of … Continue reading
Wells Fargo / To cut 2,300 mortgage jobs
Wells Fargo is cutting thousands of jobs in its mortgage business as the biggest home lender in the US prepares for a further drop in demand for new mortgages, writes Tracy Alloway. The San-Francisco-based bank, also the largest in the US by market value, plans to trim 2,300 positions in its mortgage production unit, a … Continue reading
Florida Power & Light / To cut 1,000 positions
Florida Power & Light and its sister company, Nextera Energy Resources, plan to eliminate about 1,000 positions nationwide over the next two years. The utility announced the cuts Wednesday. It includes 6.7 percent of the companies’ combined workforce. An FPL spokesman said only about 160 workers will lose their jobs. The remaining cuts will come … Continue reading
China’s Grads / Liuzhou asks HR firms to find jobs
The city of Liuzhou, in the Guangxi Zhuang region is looking to hire human resources firms to help its college graduates land jobs, human resources and social security authorities have reported, noting that any local college grads that are listed as unemployed can get free professional help in jobs searches from the city firms. The … Continue reading
Australia / Workers clinging to their jobs longer
New figures show people are staying in their jobs for longer, but not because the jobs market is in better shape Continue reading
UK and Ireland / Threat To 250 Jobs At Heinz
Food giant Heinz has warned that almost 250 jobs could be cut in the UK and Ireland Continue reading
Canada / Conservation could create 25,000 jobs by 2025
Slashing energy consumption by a quarter over the next decade or so could create 25,000 new jobs, concludes a report by a coalition of environmentalists and unions Continue reading
US / 75 Percent Of Jobs Created This Year Were Part-Time
U.S. businesses are hiring at a robust rate. The only problem is that three out of four of the nearly 1 million hires this year are part-time and many of the jobs are low-paid Continue reading
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