Job Market Monitor
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US March 2015 Job Report – Slowdown in employment growth (126,000)
Total nonfarm payroll employment increased by 126,000 in March, and the unemployment rate was unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, health care, and retail trade, while mining lost jobs. Household Survey Data In March, the unemployment rate held at … Continue reading
Telecommuting continues to gain traction in workplaces FlexJobs finds
Telecommuting continues to gain traction in workplaces around the country and the world, with the majority of companies integrating remote work options into their more traditional on-site work environments. However, there is a small but exciting trend of companies that embrace remote work as a fundamental part of their business model. These organizations allow all (or … Continue reading
US – 51% of managers are not engaged and cost $77 billion to $96 billion annually
Managers have the greatest impact on employee engagement, which makes this finding very worrisome: A strikingly low percentage — just 35% — of U.S. managers are themselves engaged, while 51% are not engaged and 14% are actively disengaged. By Gallup’s estimates, the “not engaged” group costs the U.S. $77 billion to $96 billion annually through … Continue reading
Canada – The services industry fast-growing exports is good for the job market
Some of our fastest-growing exports are in the overlooked services sector. That’s good for Canada’s job market. As a small, open economy, we depend on trade with other countries for prosperity and the high standard of living for which Canada is known. Commodities and manufactured goods traditionally formed the foundation of our identity. Services are … Continue reading
US – Small businesses created 108,000 ADP Small Business Employment Report for March 2015 finds
Private sector small business employment increased by 108,000 jobs from February to March according to the March ADP Small Business Report. Due to the important contribution that small businesses make to economic growth, employment data that are specific to businesses with 49 or fewer employees is reported each month and broadly distributed to the public, … Continue reading
Employability – Should skills be refreshed every five years
82% believe in refreshing skills & competencies every five years to enhance employability. Chosen excerpts by Job Market Monitor. Read the whole story at Randstad Workmonitor 2015 wave 1 – March 2015
Future Shop – 1,500 employees hit with surprise layoffs
The future is cloudy for 1,500 full- and part-time Canadian retail employees who were hit with surprise layoffs this weekend in the Future Shop retail consolidation with Best Buy. Future Shop employees say they were as surprised as everyone else when the company shut its doors across the country on Saturday, ahead of a move … Continue reading
Declared Disabled in US – The problem might not be that the Ticket to Work program
The problem might not be that the Ticket to Work program is ineffective, but that it comes too late in each worker’s personal-injury saga. For the roughly two-year stretch between the day someone decides they want to join disability to the day they actually start collecting benefits, there’s no one encouraging them to work. In … Continue reading
Aging Workforce Germany – 500K immigrants are needed each year study finds
The euro zone’s number one economy will need an army of immigrants to keep its economy going, a Bertelsmann study showed on Friday. Europe’s powerhouse needs some 500,000 immigrants each year in order to stabilize its labor force and social welfare system until 2050, the newest study from think-tank Bertelsmann showed on Friday. The study … Continue reading
The Skills Gap in India
Of the five million graduates, only 34% are readily employable. Most lack necessary skills required for any role in any industry, according to an assessment tests done by Wheebox-People Strong in association with CII. Census data released in September 2013 indicated that 63.4% of India’s total population falls in the working age group. According to … Continue reading
European and US Banks – 59,000 jobs cut in 2014
A total of 59,000 jobs in top European and US banks were axed in 2014, bringing the total job cuts to 160,000 across 24 banks in the past two years, authorities said. Chosen excerpts by Job Market Monitor. Read the whole story at Banks in Europe, US Lay Off 59,000 Jobs in 2014 – BusinessNewsAsia.com.
Employment Insurance in Canada , January 2015 – Virtually unchanged from the previous month
The number of people receiving regular Employment Insurance (EI) benefits totalled 496,600 in January, virtually unchanged from the previous month. Compared with January 2014, the number of beneficiaries decreased by 14,200 or 2.8%. In January, four provinces had more beneficiaries compared with a month earlier: Newfoundland and Labrador, Alberta, Saskatchewan and Nova Scotia. In contrast, there were fewer beneficiaries in British … Continue reading
The 16 skills students require
Today’s fast-changing world requires students with “twenty-first-century skills.” All too often, however, students in many countries are not acquiring these skills. Innovative education technologies such as adaptive learning platforms and interactive games are beginning to show potential for helping address skills gaps. Delivering on the potential of technology will ultimately require effective collaborations among many … Continue reading
Temporary Workers in Switzerland – Better qualified and earning more
Temporary workers in Switzerland are now significantly better qualified and paid compared with four years, according to Swiss Staffing, the Swiss Federation of Staffing Companies. The survey, conducted by private research institution gfs-Zurich on behalf of Swiss Staffing, interviewed 1,000 people who had worked in a temporary capacity over the past year. The study was … Continue reading
The economic benefits of immigration
The economic benefits of immigration may be the most settled fact in economics. A recent University of Chicago poll of leading economists could not find a single one who rejected the proposition. (There is one notable economist who wasn’t polled: George Borjas of Harvard, who believes that his fellow economists underestimate the cost of immigration … Continue reading
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