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COVID-19 in US – Unemployment insurance claims spike
In the week ending March 14, the advance figure for seasonally adjusted initial claims was 281,000, an increase of 70,000 from the previous week’s unrevised level of 211,000. This is the highest level for initial claims since September 2, 2017 when it was 299,000. The 4-week moving average was 232,250, an increase of 16,500 from … Continue reading
COVID-19 and Jobs in US – Has Claimed Over 3K Jobs, Over 9M Threatened
More announcements in Entertainment/Leisure have pushed job cuts due to the COVID-19 outbreak to 3,634, according to global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc. “We are certainly beginning to see the cracks in the foundation. Slowing demand, brought on by the need for Americans to practice social distancing, is … Continue reading
COVID-!9 and Pay – Majority of North American companies will pay hourly workers who test positive
Amid rising anxiety levels over COVID-19 (coronavirus), North American employers have some good news for their hourly employees. A new survey by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company, finds a majority of employers will continue to pay hourly workers who test positive for the virus (72%), whose workplace … Continue reading
Covid-19 – We’ve Never Been in a Problem This Big, OECD Says
The Organization for Economic Cooperation and Development has called for a more coordinated response to the spiraling coronavirus fallout. “We have never been in a problem this big with a type of enemy like this one,” OECD Secretary-General Angel Gurria said in an interview from Paris on “Bloomberg Markets: European Open.” Chosen excerpts by Job … Continue reading
COVID-19 in US – The decline in restaurant traffic
There are some sectors that will be hit hard over the next several months: hotels, airlines, restaurants, movie theaters, sporting events, and convention centers. People will probably avoid these places as part of social distancing. Here is some restaurant data from OpenTable: This data shows the year-over-year change in diners as tabulated by OpenTable … Continue reading
Health, Retirement Benefits and Pay in US – More employees willing to sacrifice pay
With their desire for greater security rising, a growing number of U.S. employees are willing to sacrifice additional pay in exchange for more generous retirement and health care benefits, according to the Global Benefits Attitudes Survey by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company. The survey also found half … Continue reading
Industrial Production in US, rose 0.6 percent rose 0.6 percent after falling 0.5 percent in January and unchanged from a year earlier
Industrial production rose 0.6 percent in February after falling 0.5 percent in January. Manufacturing output edged up 0.1 percent in February; excluding a large gain for motor vehicles and parts and a large drop for civilian aircraft, factory output was unchanged. The index for mining declined 1.5 percent, but the index for utilities jumped 7.1 percent, as temperatures returned to … Continue reading
ILO’s Report on World Employment and Social Outlook – Over 630 million workers worldwide still live in extreme or moderate poverty
The enormous challenges in the world of work – including persistent inequalities and exclusion – make it more vital than ever to establish a clear picture of global employment and social trends. This requires critical reflection on the adequacy of our methods and concepts, with innovations where needed, to address today’s policy challenges. We need … Continue reading
Coronavirus – What should the government be doing? What sorts of policies should we prioritize?
Claudia Sahm I think there are two approaches that we need to see. One, there has to be a public health response. The federal government needs to put hundreds of billions of dollars out to public health. We need to see free testing available to individuals. We don’t want anybody that doesn’t have health insurance … Continue reading
Job Report in Canada, February 2020 – Employment was little changed (+30,000)
Employment was little changed in February (+30,000 or +0.2%), and the unemployment rate increased by 0.1 percentage points to 5.6%. Compared with 12 months earlier, employment rose by 245,000 (+1.3%), the result of gains in full-time work (+252,000 or +1.6%). Over the same period, hours worked were up 2.3%, partly due to the fact that hours worked were at a relatively low level in February 2019. … Continue reading
Job Report in US, February 2020 – Total nonfarm payroll employment rose by a 273,000, well above consensus expectations
Total nonfarm payroll employment rose by 273,000 in February, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and social assistance, food services and drinking places, government, construction, professional and technical services, and financial activities. Household Survey Data Both … Continue reading
Education and the Future of Work – 21st century skills in curricula
“Holistic development” is the watchword when setting educational goals for students. However, what this means in practice differs from country to country and culture to culture. The underlying sentiments, though, are similar: We all want to ensure that our young citizens are equipped to think critically and creatively, and to solve problems in an increasing … Continue reading
Jobs and Skills – Same job title can call for very different skills
A potential trap for educators in aligning curriculum development with the job market is that a job title, by itself, doesn’t tell the whole story. The same job title can call for very different skills depending on the locale. This is an international phenomenon. Burning Glass Technologies has documented this in the United States, but … Continue reading
Grads in US – Recent college graduates are more likely to be out of work than the population as a whole
Millions of Americans are seeing little return from their expensive college degrees — even in today’s hot job market. For the first time in decades, recent college graduates are more likely to be out of work than the population as a whole, according to the New York Federal Reserve. And for the lower-earning half of … Continue reading
Seasonal Workers – Principles to guide future programs reforms in Europe experience
While there are limited opportunities for low-skilled workers to migrate legally to the European Union, seasonal migration forms an important exception. EU Member States, like countries elsewhere in the world, often rely on workers from other countries to meet their seasonal labour needs in sectors such as agriculture, hospitality, and tourism. Some Member States (such … Continue reading
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