Job Market Monitor
Politics & Policies
EI in Atlantic Canada – The premiers got to look at a draft report
The premier of Prince Edward Island says he wants changes to the employment insurance program reversed, regardless of what a report says about the impact those changes have had on Atlantic Canada. `My demand in regards to EI has not changed, regardless of what this report is going to say, Robert Ghiz said Monday following … Continue reading
The Economics of Minimum Wages – There has been a large shift in the weight of academic opinion
A generation ago, the vast majority of economists would have said that a rise in the minimum wage inevitably costs jobs. This has changed, with two strands of research having the biggest impact. In the United States, the work of David Card and Alan Krueger, then both at Princeton University, shattered the cosy consensus and argued that the actual evidence linking the minimum wage … Continue reading
Canada Job Bank – Outdated listings for jobs in dozens of communities that have long since been filled
Employment Minister Jason Kenney says there are no job postings languishing on the federal government’s online job bank that are older than six months — even though the site is strewn with ads that are almost a year old or older. “The typical maximum posting period is 30 days,” Kenney said this week in the … Continue reading
US Monetary Policy – The ‘balanced approach’ to a dual mandate in a figure
The January 2012 statement of long-run monetary policy strategy clearly expresses the FOMC’s policy intentions: It states that the FOMC’s explicit inflation objective is 2 percent for the price index for personal consumption expenditures (PCE) in the long run and that maximum employment is associated with a sustainable unemployment rate that properly reflects structural developments … Continue reading
Yellen’s Testimony – Conditions in the labor market are still far from satisfactory
Conditions in the labor market have continued to improve. The unemployment rate was 6.3 percent in April, about 1-1/4 percentage points below where it was a year ago. Moreover, gains in payroll employment averaged nearly 200,000 jobs per month over the past year. During the economic recovery so far, payroll employment has increased by about … Continue reading
Ontario – How would the Retirement Pension Plan work ?
Often considered an issue that only engages politics at the federal level, pensions have dominated much of the early debate so far in the Ontario provincial election. The reason is a proposal put forward by Liberal Leader Kathleen Wynne to create a made-in-Ontario pension called the Ontario Retirement Pension Plan (ORPP) to supplement the Canada … Continue reading
Canada – The 2012/13 Employment Insurance (EI) report: 1,310,000 Unemployed vs 509,000 Regular beneficiaries
The 2012/13 Employment Insurance (EI) Monitoring and Assessment Report examines the EI program for the 2012/13 fiscal year. Unless otherwise indicated, these highlights are for 2012/13 or relate to changes from 2011/12 to 2012/13. The number of regular and Work-Sharing claims fell, as the result of ongoing economic growth. The number of regular benefits claims … Continue reading
Canada’s Action Plan – Job-vacancy rate plunges as Kijiji data are dropped
The Conservative government has quietly adjusted its labour data to ignore job postings from Kijiji and similar websites, a change that essentially erases the dire warnings of labour shortages that Ottawa has used as justification for expanding the controversial temporary foreign worker program. With these sites removed from the source data, the government’s latest labour … Continue reading
Canada’s Temporary Foreign Workers Program – Workers left in limbo by moratorium
Thousands of temporary foreign workers already on the job in Canada and in the midst of renewing their work permits are left in limbo by the moratorium on the fast food industry imposed by Federal Immigration Minister Jason Kenney. If the moratorium is not lifted within 90 days, most of these workers will be forced … Continue reading
Canada’s Temporary Foreign Workers Program – Their number doubled in 3 years in Windsor
Statistics show the number of temporary foreign workers employed in Windsor has more than doubled since 2009. The website for the Ministry of Citizenship and Immigration shows 614 were employed in 2009. That number jumped to 1,550 in 2012, the last year for which data is available on the Citizenship and Immigration Canada website. The … Continue reading
EU’s long-term growth and jobs plan – A public consultation launched
The Commission has launched a public consultation on the Europe 2020 strategy, the EU’s long-term growth and jobs plan. The consultation will be open until 31 October 2014. Through this public consultation, the Commission is seeking the views of all interested people and organisations on the Europe 2020 strategy. The aim of the consultation is … Continue reading
Canada’s Temporary Foreign Workers Program – Then-Human Resources Minister Diane Finley knew
A cabinet minister in the Harper government was warned two years ago that jobs were going to temporary foreign workers even in areas where there were Canadians available to do them, according to internal documents. In notes prepared for then-Human Resources Minister Diane Finley, HRSDC warned of a “disconnect between the Temporary Foreign Worker program” … Continue reading
US Monetary Policy – Too soon for talk of rate hikes says Dallas Fed President
t’s too soon for the Federal Reserve to begin thinking about raising interest rates despite a strengthening U.S. economy, Dallas Fed President Richard Fisher said on Sunday. Mr. Fisher, a self-described inflation hawk who opposed the central bank’s latest round of bond purchases, said the weakness in first quarter U.S. economic growth, which nearly stalled … Continue reading
US – Millionaires unite to defeat minimum wage
A broad-based coalition of millionaires converged on Washington today to defeat a bill that would have increased the minimum wage for American workers to $10.10 an hour. Leaving behind their mansions and yachts, the millionaires were motivated by what they saw as an existential threat to the country, Mitch McConnell, a spokesman for the millionaires, … Continue reading
US – Is The White House Consistent on Minimum Wage and Interns Pay?
Even as it pushes Congress to raise the minimum wage to $10.10 per hour, the Obama administration is resisting calls to pay interns who serve in the White House. The White House declined multiple opportunities to comment on whether it would rethink its position on not compensating the roughly 300 interns who work there each … Continue reading
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