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Industrial Production in Euro Area (March 2016) – Down by 0.8%
In March 2016 compared with February 2016, seasonally adjusted industrial production fell by 0.8% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In February 2016 industrial production fell by 1.2% in the euro area and by 1.0% in the EU28. … Continue reading
Job Vacancy in Canada (fourth quarter 2015) – Lowest rate in Quebec
Canadian employers reported 353,000 job vacancies in the fourth quarter, and the job vacancy rate was 2.3%. Job vacancy rates across CanadaBritish Columbia had the highest job vacancy rate at 2.8%, followed by Nunavut, the Northwest Territories, and Yukon, which all had job vacancy rates of 2.6% in the fourth quarter. Quebec posted the lowest rate at 1.6%. Chart 1 – Job … Continue reading
Talent Recruiters Skills – The critical ones
Finding top recruiters is harder today than it was just two years ago, according to three talent leaders who spoke during a panel discussion May 3 at the Human Capital Institute’s Strategic Talent Acquisition Conference. But knowing what attributes to look for in new recruiter hires and what competencies to develop in existing staff can … Continue reading
China – New guidelines for displaced workers
China etched in details of plans to help workers laid off from the bloated coal and steel industries, saying assistance would include career counseling, early retirement and help in starting businesses, among other measures. New guidelines released by seven Chinese ministries over the weekend build on previously announced commitments to restructure the coal and steel … Continue reading
Universal Basic Income – GiveDirectly, a charity that gives 6,000 Kenyans enough money to escape poverty for a decade
GiveDirectly, a charity that gives money directly to poor people in Kenya and Uganda, is launching a big new project: a basic income. A basic income — also called a universal basic income (UBI), guaranteed minimum income, citizens’ dividend, demogrant, etc. — is a regular payment to a group of people just for being alive. Normally, … Continue reading
Jobless Claims in US (week ended April 9) – The lowest since 1973
The number of Americans filing for unemployment benefits unexpectedly fell last week, revisiting a level last seen in 1973 as the labor market continues to strengthen despite a sluggish economy. Initial claims for state unemployment benefits decreased 13,000 to a seasonally adjusted 253,000 for the week ended April 9, the Labor Department said on Thursday. … Continue reading
Self-Employment in UK – 4.6m, an all-time high
The report is written in a straightforward way so as to be practical and completely unambiguous. I would welcome feedback from the self-employed sector, with whom I feel a particular affinity. In this report I have tried to accurately portray the views and concerns that have been expressed to me. I hope I have done … Continue reading
US – Extension of unemployment benefits has no significant effect on the unemployment rate research finds
Gabriel Chodorow-Reich of Harvard University and Loukas Karabarbounis of the University of Chicago find that the extension of unemployment benefits from 26 to 99 weeks during the Great Recession increased the unemployment rate by at most 0.3 percentage point. In addition, they find little effect of jobless benefit extensions on state-level macroeconomic variables such as vacancies … Continue reading
Europe – Between a half and two thirds of EU firms with difficulties finding skilled workers face the problem for reasons other than lack of skills
The global crisis has increased unemployment in the EU to unprecedented levels, yet many employers claim they have difficulties finding skilled workers to fill their vacancies. This report shows that most vacancy bottlenecks arise because of factors other than general skill deficits, including job offers of poor quality. Genuine skill shortages affect a small group … Continue reading
Self-Employment in UK – Recent trends with charts
No one source of data gives us a comprehensive picture of the income of the self-employed. However, by looking at a range of sources, we can form some tentative conclusions: The self-employed as a group have seen falling income since the recession But this is mostly down to the changing composition of self-employment Those individuals … Continue reading
Basic Income Experiment – Frans Kerver’s case
Frans Kerver was working 12-hour days before the money started coming in. For nine years, the 53-year-old freelance copywriter living in Groningen, the Netherlands, would rise at 7 a.m. and fall asleep at 1 a.m. His wife and three kids rarely saw him.When Kerver began receiving a basic income last July, everything changed. Universal basic income … Continue reading
ICT Skills Gap in Canada – There won’t be enough qualified people to fill more than 218,000 new jobs
Canada’s tech companies are in stiff competition for retaining top prospects. There won’t be enough qualified people to fill more than 218,000 new information and communications technology jobs in the country by 2020, according to a report published by the Information and Communications Technology Council (ICTC) earlier this month. That may be years away, but … Continue reading
Canada – The Labour Force Survey can be kind of a mess
Part of the problem is shifting human behaviour: The Labour Force Survey relies on people voluntarily responding and telling strangers all about their work situation. And when was the last time you answered a call from a number you didn’t know? “People are less likely to take these surveys and answer the phone than they … Continue reading
Education in US – 8th Grade achievement and parents education level
Children born to well-educated parents are likely to have an advantage, even of the parents are not, or do not remain, married. Over at the Institute for Family Studies, Nicholas Zill has crunched a longitudinal dataset from the Department of Education. Zill finds that most children (9 in 10) have parents with the same level … Continue reading
Job Report in Canada, March 2016 – Employment increased by 41,000 (+0.2%), lowering the unemployment rate to 7.1%
After three months of little change, employment increased by 41,000 (+0.2%) in March, lowering the unemployment rate by 0.2 percentage points to 7.1%. With the gains in March, employment grew by 0.2% in the first quarter (+33,000). This was the fourth consecutive quarter with 0.2% employment growth. In the 12 months to March, employment increased by 130,000 (+0.7%), the result of growth in full-time work. Over … Continue reading
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