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Recruiting – Are you biased?
Are you biased? Consider these sobering stats and see if any hold true for you: Pedigree: For a 2016 study of law firm hiring bias, a male’s résumé that subtly signaled privilege–sailing and classical music as hobbies–received nearly four times as many callbacks as ones that didn’t. Source: American Sociological Review Gender: In one study, … Continue reading
Unemployment Rate in Europe, January 2017 – 9.6% for the Euro Area, 4.017 million young persons overall
The euro area (EA19) seasonally-adjusted unemployment rate was 9.6% in January 2017, stable compared to December 2016 and down from 10.4% in January 2016. This remains the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.1% in January 2017, down from 8.2% in December 2016 and from 8.9% … Continue reading
Canada Job Report, January 2017 – Employment rose by 48,000
Employment rose by 48,000 (+0.3%) in January, building on gains observed in the latter part of 2016. The unemployment rate fell by 0.1 percentage points to 6.8%. On a year-over-year basis, employment rose by 276,000 (+1.5%), with most of the increase occurring from August to January. Following a significant increase in December, full-time employment held steady in January. Compared with 12 months earlier, full-time employment … Continue reading
Prime-age male labor force participation in US – Half of those not in the labor force take pain medications daily
The share of prime-age men in the labor force has declined from its peak of 98 percent in 1954 to 88 percent today, reports the Council of Economic Advisers. This precipitous decline was largely masked as women entered the workforce in record numbers up until the 1990s, when their participation rate began to stagnate and … Continue reading
Job Report in US, January 2017 – Total nonfarm payroll employment increased by 227,000
Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in retail trade, construction, and financial activities. Household Survey Data Both the number of unemployed persons, at 7.6 million, and the unemployment rate, at 4.8 … Continue reading
US – Is your city’s workforce growing older or younger?
Is your city’s workforce growing older or younger? CareerBuilder is out with a new study that explores employment trends for the 100 most populous U.S. cities, tracking how the shares of workers ages 22 to 34 and ages 55 and older have changed from 2001 to 2016. Topping the list for cities aging the fastest … Continue reading
US – Full employment may be redefined
Fed policymakers indicated in their post-meeting statement Wednesday that there’s still room for improvement in the job market. While the unemployment rate “stayed near its recent low” in December, “some further strengthening” is expected in labor conditions. That doesn’t mean central bankers or Labor Department economists are about to abandon the unemployment rate as their … Continue reading
Unemployment in Europe – 9.6% in December 2016 in the euro area with 4.219 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 9.6% in December 2016, down from 9.7% in November 2016 and down from 10.5% in December 2015. This is the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.2% in December 2016, stable compared to November 2016 and down from … Continue reading
View of labor Unions in US – About six-in-ten adults today have a favorable view
About six-in-ten adults today have a favorable view of labor unions (60%) and business corporations (56%), according to a new Pew Research Center survey. Views of both have grown more positive since March 2015, when roughly half of adults (48%) expressed a favorable view of each. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
Mutual Recognition of Qualifications – Six regulated occupations in the tourism sector of Southeast Asia
Seeking to improve the intraregional mobility of workers in the tourism sector and six regulated occupations, the Association of Southeast Asian Nations (ASEAN) between 2005 and 2014 signed accords meant to speed the mutual recognition of professional and academic qualifications. By jointly setting standardized rules for mutual recognition and renouncing, in part or in full, … Continue reading
Global Unemployment – To rise modestly in 2017 says ILO
The global unemployment rate is expected to rise modestly from 5.7 to 5.8 per cent in 2017 representing an increase of 3.4 million in the number of jobless people, a new ILO report shows (table 1). The number of unemployed persons globally in 2017 is forecast to stand at just over 201 million – with … Continue reading
Low-Wage Earner in EU – 1 out of 6 employees
The proportion of low-wage earners among employees amounted to 17.2% in 2014 in the European Union (EU). This means that they earned two-thirds or less of their national median gross hourly earnings. There are large differences between genders and age groups regarding the proportion of low-wage earners. In the EU in 2014, 21.1% of female … Continue reading
Employers Skills Needs in Wisconsin – Work ethic is the most important
Wisconsin and the nation are struggling with how to address persistent unemployment and an economy recovering too slowly from the Great Recession of 2008. While economists point to a host of reasons for sluggish growth, including low aggregate demand, outsourcing, spending cuts, and so on, some argue a principal culprit is the “skills gap.” Based … Continue reading
Higher Education or VET in Australia
Chosen excerpts by Job Market Monitor. Read the whole story at The skilled labour market: a pictorial overview of trends and shortage 2015-16
Universal Basic Income in US – The Economic Security Project (ESP) commits $10 million over the next two years “to explore” it
The Economic Security Project (ESP)—a loose coalition of technologists, investors, and activists—announced on Dec. 8 it’s committing $10 million over the next two years “to explore how a ‘basic income’ could…ensure economic opportunity for all” in the US. More than 100 people, ranging from the head of top Silicon Valley startup fund Y Combinator to … Continue reading
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