Job Market Monitor
In the News
US / The Beveridge Curve is shifting
In an article on Thursday’s front page, I wrote about how long job vacancies are taking to fill, especially when you consider the abundance of unemployed workers. Economists have been thinking about this issue for a couple of years now thanks to a shift in what is known as the Beveridge Curve. No, the Beveridge … Continue reading
US / A Chart on the Unrecovering Job Market Recovery
because of population growth, getting back to where we were five years ago isn’t enough. To get back to full employment, we need to have millions more jobs than we had then. This led us to wonder: What would Scariest Jobs Chart Ever look like if you compared the past five years with comparable periods … Continue reading
The best to be a working woman in the rich world
IF YOU are a working woman, you would do well to move to New Zealand—or if that is a little out of the way, you could try one of the Nordic countries. To mark International Women’s Day, The Economist has compiled its own “glass-ceiling index” to show where women have the best chance of equal … Continue reading
US / 14 years lost for preparing retirement
ICI recently released their retirement plan data through Q3 of 2012. The chart of the day shows the real (inflation adjusted) total retirement market assets per working age citizen in the U.S. This includes IRA’s, defined contribution plans, private defined benefit plans, state and local government pension plans, federal pension plans, and annuities. The good … Continue reading
UK / Lower-skilled jobs still threatened by outsourcing
Lower-skilled and process-based jobs in the UK remain vulnerable in the face of continued popularity of business process outsourcing (BPO) to central and eastern European countries, according to research published today by professional services firm Towers Watson. The General Industry Compensation Report shows that despite the fast economic development of many countries such as Poland, … Continue reading
US / 71% Back Raising Minimum Wage
Seven in 10 Americans say they would vote “for” raising the minimum wage to $9 per hour if given the opportunity, while 27% would vote against such a bill. The proposal, made by President Barack Obama in his 2013 State of the Union speech, is backed by over 90% of Democrats and self-described liberals, and … Continue reading
Chima / 7 interesting facts about employment law
Employers are obliged to employ a quota of people with disabilities, in appropriate types of job The representative office in China of a foreign company cannot directly recruit a Chinese citizen Statutory annual leave entitlement for employees is very low In many cases, legislation at provincial, regional or municipal level gives women a right to … Continue reading
US / Vacancies are there, but hiring is not
American employers have a variety of job vacancies, piles of cash and countless well-qualified candidates. But despite a slowly improving economy, many companies remain reluctant to actually hire, stringing job applicants along for weeks or months before they make a decision. If they ever do. The number of job openings has increased to levels not … Continue reading
US / 59% Think the Economy Is In a Recession
The IBD/TIPP Economic Optimism Index declined by 5.1 points, or 10.8%, in March, posting 42.2 vs. 47.3 in February. The index is 5.5 points below its 12-month average of 47.7, 2.2 points below its reading of 44.4 in December 2007 when the economy entered the recession, and 7.5 points below its all-time average of 49.7. … Continue reading
US / When Unemployment Runs Dry
Over 4 Million Americans are considered now long term unemployed. They are not only disconnected from the work force, but may be also disconnected from the mainstream culture. If we can’t get them reconnected, we are looking at devastating costs to not only them, but our society as a whole. There is a 50% increase … Continue reading
Jordan / World Bank grants $70m loan to ease youth unemployment
The World Bank has granted Jordan $70 million in financing to help it to extend small loans to young people in depressed rural areas that have suffered most from the country’s sluggish economic growth. With almost 40 percent of the country’s seven million population aged under 15, youth unemployment is a particular problem and has … Continue reading
US / College graduates have low unemployment
It is true that young workers have higher unemployment rates than their older counterparts, at just about all levels of education. A recent report published by the Bureau of Labor Statistics on the job prospects of new college graduates, for example, found that as of October 2011, the graduates of the class of 2011 had … Continue reading
Canada – Ontario – Quebec / A confrontation emerges on workforce training
The Minister of Finance of Canada, M. Jim Flaherty and his colleague Human Resources and Skills Development, Mrs. Diane Finley launched theirs courses of action in workforce training last week. It might be a political football, but Quebec and Ontario were fast to react. Those reactions are certainly fuelled by the media, as always. Ottawa … Continue reading
Egypt / The Unemployment Problem In Chart
About 1 million Egyptians lost their jobs in 2011 as the economy shrank for the first time in decades. And the paradox of the Middle East deepened with more young people than ever searching for jobs, while at the same time, the private sector encountered increasing difficulty in its search for qualified employees. The latest figures from the government statistics agency, CAPMAS, … Continue reading
US / The Rest of the World is in Recession
We have quarterly GDP data for 11 more OECD countries since our last post “World plunges into recession in Q42012“, and there have been some 2nd estimate revisions (such as the U.S). The chart below shows an improvement over the last post we made with the inclusion of more data points, but both the measures … Continue reading
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