Job Market Monitor
In the News
Europe Weak Job Market – Manpower profit slumps
Global staffing services provider ManpowerGroup (MAN.N) on Friday reported sharply lower quarterly profit that beat Wall Street expectations as Europe’s major economies weakened and a stronger dollar reduced results. Net earnings fell 44 percent to $41 million, or 51 cents per share, from $72.7 million, or 87 cents per share, a year ago. Excluding one-time … Continue reading
Skills Gap Means Longer Hours Hint for Some Jobs
Even in a time of 8% unemployment, some jobs go begging. Surveys reveal a significant share of companies report difficulties filling certain jobs. What’s a company to do when it can’t find workers with needed skills? Work its current employees for longer hours. That’s the conclusion by economists at the Conference Board. The trend suggests … Continue reading
Private sector job recovery stronger than that of early 2000 and at par with that of early 90s
The U.S. economy is working its way back from the Great Recession. One indication has been that unemployment insurance claims have steadily fallen since September and they are now at the same level as in March of 2008. Additionally, layoffs are at the same level as in 2006. We also recently learned that the ratio … Continue reading
Canada – Employment Insurance (EI) virtually unchanged and claims down
The number of people receiving regular Employment Insurance (EI) benefits totalled 512,600 in May, virtually unchanged from April. This followed three months of consecutive declines. The number of beneficiaries decreased slightly in Alberta, while it edged up in New Brunswick. Chart 1 Employment Insurance beneficiaries unchanged in May Chart 2 Number of claims down in May via The Daily — Employment … Continue reading
High Long-Term Unemployment not only bad for the economy, it’s bad for our bodies and souls as well
Our persistently high unemployment rate is not only bad for the economy, it’s bad for our bodies and souls as well. Unemployment wears down the unemployed both mentally and physically. But high unemployment also hurts those with jobs, as some workers worry endlessly (and not without justification) that they too could be let go at … Continue reading
(UPDATE) UK – The number of unemployed fell by 65,000, record numbers of pensioners working and youth long-term unemployment at all-time high
For March to May 2012: The employment rate for those aged from 16 to 64 was 70.7 per cent, up 0.3 on the quarter. There were 29.35 million people in employment aged 16 and over, up 181,000 on the quarter. The unemployment rate was 8.1 per cent of the economically active population, down 0.2 on the … Continue reading
Unemployment: Lessons from history
Stumbling and Mumbling chart below puts today’s unemployment data into long-term historical perspective. Using Bank of England data, it shows the unemployment rate since 1855. What stands out here is that a highish rate of joblessness is quite normal. It is the 1945-73 period of full employment (for men!) that is historically odd, not today’s … Continue reading
UK – Unemployment falls for the over 65s , yet youth unemployment is now 21.9%
The latest unemployment figures show that the number of over 65s in work has risen by 52,000 to reach 929,000, the highest number since records began in 1992. Yet in the same period, youth unemployment has fallen by just 10,000. (It is now 21.9%, meaning over 1 in 5 under 24s is jobless.) In response … Continue reading
UK – Huge Drop in membership of private pension schemes
The Office for National Statistics has recorded a significant downwards trend in employee membership of private sector defined benefit (DB) schemes – down from 34 per cent in 1997 to 9 per cent in 2011. Overall, employee membership of employer-sponsored pensions in the private sector fell from 46 per cent in 1997 to 32 per cent … Continue reading
Mobile – Airbus plant will put a dent in unemployment, assuming no Skills Gap
The arrival of Airbus in Mobile will make a measurable impact on the city’s economy, enough to render the city, and even the entire state, better bets for lenders, according to a recent report by Moody’s Investor Service, a rating agency. While the company did not officially adjust its investment-grade, Aa2 rating for the city, … Continue reading
UK – How will training budgets change
How have learning and development budgets changed over the past 12 months? Across the whole economy, nearly two-fifths of organisations say their learning and development budget has remained unchanged over the past year. A further three in ten report a decrease, while one in four says it has increased. More than half of respondents from … Continue reading
India – Can economic data be trusted?
Economists and investors say they are finding it increasingly hard. “Market participants are not able to decide what to make of this data,” said Brinda Jagirdar, economist at the State Bank of India. Frequent and sharp revisions in inflation and factory output data—key determinants of monetary policy—have confounded experts in recent months. On Monday, India’s inflation for … Continue reading
Unemployment – What Bernanke said at Congress
…Given that growth is projected to be not much above the rate needed to absorb new entrants to the labor force, the reduction in the unemployment rate seems likely to be frustratingly slow. Indeed, the central tendency of participants’ forecasts now has the unemployment rate at 7 percent or higher at the end of 2014… … Continue reading
Gallup U.S. Unemployment Rate – Down Slightly in Mid-July
U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.9% in mid-July, down 0.1 percentage points from June and May. Gallup’s seasonally adjusted unemployment rate also declined 0.1 points, to 7.7% in mid-July. via U.S. Unemployment Down Slightly in Mid-July.
UK – The number of unemployed fell by 65,000 in the three months to May
For March to May 2012: The employment rate for those aged from 16 to 64 was 70.7 per cent, up 0.3 on the quarter. There were 29.35 million people in employment aged 16 and over, up 181,000 on the quarter. The unemployment rate was 8.1 per cent of the economically active population, down 0.2 on the … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
