Job Market Monitor
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Nissan – To cut 12,500 jobs
Nissan will reduce at least 12,500 positions globally by March 2023 – its deepest job cuts since 2009 – and slash production capacity, mainly of compact cars at underutilised plants abroad. The move will shrink its product line-up by about 10%, Saikawa said, Nissan CEO Hiroto Saikawa attends a news conference to release first quarter … Continue reading
Apprenticeships – An analytical framework
Cedefop’s analytical framework for apprenticeships is a tool for analysing apprenticeship systems and schemes in Europe and, possibly, beyond. Cedefop’s analytical framework for apprenticeships is not modelled on a single recommended type of apprenticeship system or scheme – it draws on features that appear to work in more than one apprenticeship system or scheme and … Continue reading
Refugees in Europe – A project on how matching can support lawful adult refugee mobility
Most refugees live in developing countries of asylum, struggling to prove themselves in economies which are unable to absorb and make full use of their labour market potential. As a result, their skills often remain unused and become obsolete over time. Key challenges for Europe include sharing the global responsibility for refugees fairly with major … Continue reading
Soft Skills – Top six for employment
If you’re looking for a new job or promotion, here are some key soft skills to improve in the year ahead. Communication Communication is key, no matter what line of work you are in. As workplaces become more connected with an increased focus on collaboration and social tools, being able to communicate effectively is more … Continue reading
Job Report in Canada, June 2019 – Employment up by 421,000 or 2.3% on a year-over-year basis
In June, employment held steady for the second consecutive month. The unemployment rate rose 0.1 percentage points to 5.5% as the number of people looking for work increased. In the second quarter, employment rose by 132,000 (+0.7%), virtually all in full-time work. On a year-over-year basis, employment was up by 421,000 or 2.3%. Over the same period, total hours worked increased by 1.8%. To … Continue reading
Job Report in US, June 2019 – Employment increased by 224,000 and unemployment rate little changed at 3.7 percent
Total nonfarm payroll employment increased by 224,000 in June, and the unemployment rate was little changed at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, in health care, and in transportation and warehousing. Household Survey Data Both the unemployment rate, at 3.7 percent, and the number of unemployed persons, … Continue reading
Job vacancies in Canada, QI 2019 – Up for the 10th consecutive quarter
The number of job vacancies in the first quarter was 506,000, up 44,000 (+9.6%) from the first quarter of 2018. Over the same period, the job vacancy rate rose 0.2 percentage points to 3.1%, the fourth consecutive quarter over 3.0%. This was the 10th successive quarter with a year-over-year growth in both the number of … Continue reading
Extreme Poverty – Half in just 5 countries
Of the world’s 736 million extreme poor in 2015, 368 million—half of the total—lived in just 5 countries. The 5 countries with the highest number of extreme poor are (in descending order): India, Nigeria, Democratic Republic of Congo, Ethiopia, and Bangladesh. They also happen to be the most populous countries of South Asia and Sub-Saharan … Continue reading
Job Vacancy Rate in Europe, Q1-2019 : At 2.3% (EA19)
The job vacancy rate in the euro area (EA19) was 2.3% in the first quarter of 2019, stable compared with the previous quarter and up from 2.1% in the first quarter of 2018, according to figures published by Eurostat, the statistical office of the European Union. In the EU28, the job vacancy rate was 2.4% … Continue reading
Job Report in Canada, April 2019 – Employment rose by 107,000 and unemployment at 5.7%, historically low in Quebec
Employment rose by 107,000 in April, with notable gains in part-time work for youth. The unemployment rate declined by 0.1 percentage points to 5.7% as more people participated in the labour market. On a year-over-year basis, employment grew by 426,000 (+2.3%), with gains in both full-time (+248,000) and part-time (+179,000) work. Over the same period, total hours worked were up 1.3%. Employment up … Continue reading
Reskilling and The Future of Work in US – $24,800 per displaced worker, with $4.7 billion from the private sector to reskill 25% of all workers in disrupted jobs
As the Fourth Industrial Revolution impacts skills, tasks and jobs, there is growing concern that both job displacement and talent shortages will impact business dynamism and societal cohesion. A proactive and strategic effort is needed on the part of all relevant stakeholders to manage reskilling and upskilling to mitigate against both job losses and talent … Continue reading
Job Report in US, April 2019 – Employment rebounds with a 263,000 increase and at 3.6 percent, the lowest rate since December 1969
Total nonfarm payroll employment increased by 263,000 in April, and the unemployment rate declined to 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, construction, health care, and social assistance. Household Survey Data The unemployment rate declined by 0.2 percentage point to 3.6 percent in … Continue reading
Skills Gap of Applicants in US – 42 Percent don’t meet skills requirements, but companies are willing to train up
Should professionals mind the skills gap when applying for a position? In new research from global staffing firm Robert Half, HR managers said 42 percent of resumes they receive, on average, are from candidates who don’t meet the job requirements. In a separate survey of workers, 78 percent admitted they would submit for a role … Continue reading
Unemployment Insurance Weekly Claims in US, April 13 – Down at the lowest level for initial claims since September 6
In the week ending April 13, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 5,000 from the previous week’s revised level. This is the lowest level for initial claims since September 6, 1969 when it was 182,000. The previous week’s level was revised up by 1,000 from 196,000 to 197,000. … Continue reading
Millennials in Canada – Higher incomes and median wealth than young Gen-Xers but also considerably more mortgage debt
Millennials had higher incomes and median wealth than young Gen-Xers at the same age, but also considerably more mortgage debt Examining debt and wealth for young households, who have begun to accumulate assets and debt over a period of sustained home price inflation, provides another perspective on the health of balance sheets in Canada. A … Continue reading
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