Job Market Monitor
Politics & Policies
Canada – Is the job recovery the best ? That depends on what you measure
History is clear: The Harper government’s record on job creation is the weakest of Canada’s past nine prime ministers. But is it the best job creation record we could have right now, given how so many nations are struggling with the enduring impact of the 2008 global economic crisis? When it comes to recovery, are … Continue reading
EU – To act on unemployment
Over seven years since the onset of the financial crisis, the unemployment situation in the Eurozone remains a big concern. As of June this year the unemployment rate across the euro area was 11.1%, compared with 5.3% in the United States: Even allowing for the fact that US unemployment has been considerably lower since 2000, the … Continue reading
Seattle’s $15 minimum wage – The negative employment effects
Recall, we’re not insisting that a rise in the minimum wage will reduce the number of jobs in the economy, nor even in a sector of it. We’re saying that once we isolate out only the effect of the minimum wage rise then we will see that there are fewer jobs as a result of … Continue reading
Minimum Wage in US – The Tracker
There are 14 states that have changed their minimum-wage law since January 2014. Alaska, Arkansas, Connecticut, Delaware, Hawaii, Maryland, Massachusetts, Michigan, Minnesota, Nebraska, Rhode Island, South Dakota, Vermont, and West Virginia The effective minimum wage has increased in 26 states and D.C. since January 2014. Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Maryland, … Continue reading
Fast-Food Workers in New-York – The $15 Minimum Wage is coming
There aren’t a lot of obscure government board meetings that warrant a watch party, let alone one with a marching band. But that’s how fast-food restaurant workers and their supporters celebrated Wednesday on a blocked-off street in Manhattan, as they watched a state panel recommended a $6.25 increase in their hourly wage, to $15. “It’s … Continue reading
Growing Inequalities – Linked to the decline in unionization and the erosion of minimum wages IMF finds
The rise of inequality in advanced economies, and in particular the growing concentration of incomes at the top of the distribution, has become a greater focus of attention for economists and policymakers. Understanding the factors behind this phenomenon is essential to determine whether policy action is needed to reduce income inequality, taking into account other … Continue reading
Canada – Punitive penalties for the Temporary Foreign Worker Program (TFWP) offenders
Employers who break the rules of the Temporary Foreign Worker Program (TFWP) and the International Mobility Program will pay the piper as stiff penalties for offenders were announced last week. On July 6, Pierre Poilievre, minister of Employment and Social Development, said new consequences for businesses found non-compliant with the rules would come into effect … Continue reading
South Africa – Needs more investment, jobs and a public employment service as a one-stop shop OECD says
Labour market reforms can raise employment and incomes. Establishing a public employment service as a one-stop shop for job seekers would make it easier for people to find jobs, and for employers to find the right workers. Costly industrial actions have held back the economy without delivering major gains to workers. To reduce conflict and … Continue reading
Unemployment benefits has a positive effect on the quality of jobs that recipients find research says
The generosity of unemployment insurance is often cited as a reason for long spells of joblessness. But this view neglects other important, and potentially positive, economic aspects of such programmes. Using Austrian data, this column presents evidence that unemployment insurance has a positive effect on the quality of jobs that recipients find. This can in … Continue reading
Greece – The government’s full proposal to the Eurogroup
The full proposal submitted by the Greek government to the Eurogroup earlier on Thursday is the following: “Greece: Prior Actions Policy Commitments and Actions to be taken in consultation with EC/ECB/IMF staff: 1. 2015 supplementary budget and 2016-19 MTFS Adopt effective as of July 1, 2015 a supplementary 2015 budget and a 2016–19 medium-term … Continue reading
Labor Standards in US – National Retail Federation (NRF) is opposed to the proposal on overtime for managers and professionals
Following President Obama’s order to “modernize and streamline” federal overtime rules, the Labor Department has proposed regulations that would greatly expand the number of workers covered by overtime. Under current rules, employees making up to $455 a week ($23,660 a year) are automatically entitled to overtime pay when working more than 40 hours a week. … Continue reading
Minimum Wage Job Impact in US – The results of the vast majority of analyses cluster around zero
Finally, I’m sure that this board has heard or will hear arguments that increasing the minimum wage in fast food will lead to job losses or slower job creation. There is an enormous body of literature on the effect of higher minimum wages on jobs. Figure B shows the results of a “meta-study,” a study … Continue reading
Minimum Wage in Alberta – Going up to $11.20 on October 1
Alberta, one of the lowest payers of minimum wage in Canada, is becoming one of the highest. As part of a plan to increase Alberta’s minimum wage to $15 an hour by 2018, the province announced Monday the current minimum wage will increase from $10.20 to $11.20 on October 1st. When that kicks in, only Ontario ($11.25 … Continue reading
SA – Ten-point reform plan out of the unemployment crisis
The SA Institute of Race Relations (IRR) published a 10-point plan on Wednesday to tackle South Africa’s mounting unemployment crisis. The IRR said that South Africa’s very high unemployment, which had risen from 3.67 million in 1994 to 8.74 million this year, necessitated a series of radical steps. “Job security for some has been achieved … Continue reading
LMDA – Governments of Canada and British Columbia sign job training deal
The Governments of Canada and British Columbia today announced that they have signed a Memorandum of Understanding (MOU) that paves the way towards retooling an existing federal-provincial job training deal which will better-align training with jobs. The Honourable Pierre Poilievre, Minister of Employment and Social Development, and the Honourable Michelle Stilwell, Minister of Social Development … Continue reading
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