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A 15 $ Minimum-Wage – Would yield $17.08 worth of purchasing power in Macon, Georgia, but only $12.26 in New York City
Price disparities can make a big difference when it comes to comparing wages. When we discussed this subject in a previous post, we found that a $15 nationwide minimum wage would yield $17.08 worth of purchasing power in Macon, Georgia, but only $12.26 in New York City, once the differing price levels in the two cities were taken … Continue reading
Canada’s petroleum industry – 40,000 jobs cut and more layoffs still to come
After almost two years of sinking oil prices and at least 40,000 job cuts, Canada’s petroleum industry still isn’t finished tackling its bloated operations. The next round of layoffs has already begun with Cenovus Energy Inc. and Murphy Oil Corp. announcing workforce reductions last week. Ongoing cuts by Suncor Energy Inc., Encana Corp. and others … Continue reading
The Job Market In US – Most views positive in last 15 years PEW’s survey shows
Americans are now more positive about the job opportunities available to them than they have been since the economic meltdown, when views of the job market took a nosedive. Today’s more upbeat views rank among some of the best assessments of the job market in Pew Research Center surveys dating back 15 years. In a … Continue reading
Job Report in US, March 2016 – Clearly a strong report: total nonfarm payroll employment rose by 215,000 and the unemployment little changed at 5.0 percent
Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, construction, and health care. Job losses occurred in manufacturing and mining. Household Survey Data In March, the unemployment rate (5.0 percent) and the … Continue reading
Discouraged Workers Effect in Germany – Across all age groups and both sexes, but differs with respect to the magnitude
The response of the labor force to fluctuations in unemployment has been discussed for decades. Especially the labor supply of females seems to be affected by the de- mand side, or by the business cycle. The question of the relationship between cycli- cal variations in economic activity and labor force participation was typically exam- ined … Continue reading
Underemployment – A negative impact on future pay research finds
In recent years, the number of people graduating from higher education has increased rapidly all over the world. In most countries, however, this increase in labor supply quality has not been followed by an equal rise in labor demand, leading to a larger mismatch on the labor market for graduate students. The current turbulent state … Continue reading
Apprenticeship in UK – How UK apprentices perceive their pay
This essay explores apprenticeship pay as a key area of employee relations. It considers how apprentices perceive their current level of apprenticeship pay and critically evaluates the impact on young people’s future careers and inclusion. The essay considers the perspectives of employers, policy-makers, and trade unions within this evaluation. Thus the predominant aim of the … Continue reading
The ICT Skills Gap in Canada – 218,000 tech jobs will be created by 2020
A report released earlier this month by the Information and Communications Technology Council estimates that 218,000 tech jobs will be created in Canada by 2020. It warns that it could cost the economy billions of dollars in lost productivity, tax revenues and GDP if Canada doesn’t address the tech skills gap. “It is imperative that … Continue reading
The Gig Economy in US – About 1% of adults having tried one at some point
One of the most-hyped changes to the U.S. labor market has been “the rise of Uber and its ilk”—companies that use smartphone apps to connect workers to gig jobs. The most prominent example of this phenomenon is, of course, Uber, the ride-hailing service that allows people to summon drivers with an app and pay by the … Continue reading
Prime-Age Men in US – 1.4 million dropped out of work
Approximately 1.4 million men in their prime working years—age 25-54—have left the workforce since before the Great Recession began, bringing the total number to approximately 7 million.According to data compiled by U.S. Bureau of Labor Statistics economist Steven Hipple in a recent article, the most common reason those men give is being ill or disabled … Continue reading
Global Job Market Outlook – Unemployment to increase by a further 3.4 million over the next two years ILO says
The global economic slowdown that occurred in 2015 is likely to have a delayed impact on labour markets in 2016, resulting in a rise in unemployment levels, particularly in emerging economies. Based on the most recent growth projections, global unemployment is expected to rise by nearly 2.3 million in 2016 and by a further 1.1 … Continue reading
Immigration and the Skills Gap – Australia vs US
Nearly seven out of 10 immigrants here [Australia] are accepted based on being able to do jobs in fields such as engineering that the government and employers say there aren’t enough domestic workers to fill. In the United States—where technology companies in particular are sounding warnings about a similar skills gap they say is contributing … Continue reading
Women – Work Trends 2016
Gender gaps in labour force participation and employment rates declined only marginally Between 1995 and 2015, the global female labour force participation rate decreased from 52.4 to 49.6 per cent. The corresponding gures for men are 79.9 and 76.1 per cent, respectively. Worldwide, the chances for women to participate in the labour market remain almost … Continue reading
Productivity and Wages in US – The disconnect
The disconnect between productivity and wages really took off with the rise of financialization and cheap technology tools in the early 1980s. Chosen excerpts by Job Market Monitor. Read the whole story at “Free” Trade, Jobs and Income Inequality: It’s Not As Easy As We Might Think | Max Keiser
Increasing Educational Requirements in US – Nearly a third (32 percent) of employers have increased their educational requirements over the past five years
Time to hit the books again? According to a new CareerBuilder survey, nearly a third (32 percent) of employers have increased their educational requirements over the past five years. More than a quarter (27 percent) are hiring employees with master’s degrees for positions primarily held by those with four-year degrees in the past, and 37 … Continue reading
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