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Canada Job Report, October 2015 – Employment increased by 44,000 (+0.2%) to over 18 million for the first time
After four months of little change, employment increased by 44,000 (+0.2%) in October, bringing the number of people employed in Canada to over 18 million for the first time. The unemployment rate declined by 0.1 percentage points to 7.0%. Compared with 12 months earlier, employment was up 143,000 (+0.8%), with all of the gains in full-time work. During the same period, the total number of hours … Continue reading
Monsanto – Slashing 2,600 jobs
Monsanto Co, one of the world’s largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. Chosen excerpts by Job Market Monitor. Read the whole story at Monsanto slashing 2,600 jobs, buying back shares as sales fall | Reuters
Self-employment in Canada – Aging and the shift of employment to older age groups led to an increase in the aggregate self-employment rate
Canada has a large group of unincorporated self-employed businesses that play a critical role in the early lifecycle of firms. This study presents summary statistics on the importance of a particular group of the self-employed: those whose primary source of income from employment comes from an unincorporated business. The unincorporated self-employed measured in this study … Continue reading
Canada’s September 2015 Job Report – A decline of 62,000 in full time employment, but overall little changed
Employment was little changed for the fourth consecutive month in September (+12,000 or +0.1%). The unemployment rate increased by 0.1 percentage points to 7.1% as more people participated in the labour market. Part-time employment rose by 74,000 in September, which was largely offset by a decline of 62,000 in full time. Provincially, employment rose in British Columbia, Alberta, Manitoba, Nova Scotia, Saskatchewan and … Continue reading
Sweden – Toward a six-hour workday
The 40 hour work week for a full-time employee has been trimmed to 30 hours at some Swedish firms, and studies have found that the result is more productivity and better morale. Brath, an SEO specialist startup, shifted to six hour days three years ago. “The reason is that we actually care about our employees, … Continue reading
Job Report in US – Total nonfarm payroll employment increased by only 142,000 in September
Total nonfarm payroll employment increased by 142,000 in September, and the unemployment rate was unchanged at 5.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and information, while mining employment fell. Household Survey Data In September, the unemployment rate held at 5.1 percent, and the number of unemployed … Continue reading
Industry 4.0 – How will job profiles evolve?
Industrial production was transformed by steam power in the nineteenth century, electricity in the early twentieth century, and automation in the 1970s. These waves of technological advancement did not reduce overall employment, however. Although the number of manufacturing jobs decreased, new jobs emerged and the demand for new skills grew. Today, another workforce transformation is … Continue reading
Caterpillar – To cut up to 5,000 jobs by end of 2016
Shares of heavy-equipment maker Caterpillar (CAT) are down sharply after the company said today it is cutting its sales outlook for the year and will slash as many as 5,000 jobs between now and the end of 2016 in a cost-cutting move amid tough conditions in its energy, mining and construction businesses. Caterpillar also warned that total layoffs could … Continue reading
Minimum Wage in UK – Women, pensioners and part-time workers to gain most from increases
Women, pensioners and part-time workers stand to gain most from increases in the minimum wage, new research shows. One-in-three working women will benefit from the Government’s plans to introduce a national living wage, according to new research. Six million workers, representing about a fifth of all employees, will see their pay lifted by the end … Continue reading
Uber in Brazil – It increases unemployment says president
The president of Brazil, Dilma Rousseff, has criticised ride-sharing service Uber for increasing unemployment, adding to a chorus of labour concerns about the world’s most valuable venture-backed startup. Rousseff said local authorities must regulate the service, which has led conventional taxi drivers to stage protests and lobby lawmakers in Brazil’s three biggest cities. São Paulo, … Continue reading
UK – ‘Zero-hours’ jobs on the rise
The number of Britons reporting they are employed on ‘zero-hours’ contracts which offer no guaranteed work or pay has risen by almost a fifth over the past year, official figures showed on Wednesday. Zero-hours contracts are popular with employers in the hospitality, social care and further education sectors, but the opposition Labour Party had pledged … Continue reading
Alberta – From labour shortages to 35,000 oilpatch jobs lost
Less than a year ago, Alberta was still complaining of a labour shortage. Schools couldn’t find bus drivers, job vacancy rates were the highest in the country. It’s no secret that the situation has changed. The Canadian Association of Petroleum Producers says that 35,000 oilpatch jobs have been cut this year, 25,000 from the oil … Continue reading
Canada – In recession as economic growth shrank for a second quarter in a row
Canada’s economy contracted by an annualized 0.5 percent in the second quarter, according to Statistics Canada data on Tuesday, indicating a recession in the first half of the year. The second-quarter downturn was less than the 1.0 percent decline forecast by economists, and followed a more deeply revised contraction of 0.8 percent in the first … Continue reading
Germany – Slight rise in in unemployment in August
Fresh data on the German labor market have shown the number of people looking for a job in Europe’s powerhouse economy has gone up marginally. But experts say it’s a seasonal effect not to be worried about. Germany’s Federal Labor Office (BA) said Tuesday it recorded 23,000 job-seekers more across the country in August as … Continue reading
Unemployment in EU – The lowest rate recorded since February 2012 but 4.634 million young persons are still unemployed
The euro area (EA19) seasonally-adjusted unemployment rate was 10.9% in July 2015, down from 11.1% in June 2015, and from 11.6% in July 2014. This is the lowest rate recorded in the euro area since February 2012. The EU28 unemployment rate was 9.5% in July 2015, down from 9.6% in June 2015, and from 10.2% … Continue reading
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