Job Market Monitor
Politics & Policies
Australia / Country-wide licensing authority for occupations has been scrapped
A COUNTRY-WIDE licensing authority for a range of occupations including lawyers and real estate agents has been scrapped. The Council of Australian Governments (COAG) has agreed to scrap the National Occupation Licensing Authority which was set up by the former Labor federal government after a 2008 COAG meeting. Most states decided at a meeting in … Continue reading
EADS in France / ‘Layoffs unacceptable’ labor minister Michel Sapin says
French labor minister Michel Sapin Tuesday said European Aeronautic Defence & Space Co. (EAD.FR) shouldn’t cut its overall staffing level in France after the company announced plans Monday to cut 5,800 jobs through 2016 in Europe in its military and space units. “France finds it unacceptable that a business like EADS cuts jobs overall while … Continue reading
Unemployment Insurance in US / Has it increased joblessness ?
House-Senate negotiators are close to a modest budget accord to avoid another government shutdown, but suddenly the White House is introducing a last-minute demand. Five years into an economic recovery that President Obama often hails as miraculous, he wants to extend unemployment benefits one more time. Maybe it’s time to consider whether the big expansion … Continue reading
The Fed and the Unemployment Rate / Fisher says he’s opposed to cutting the 6,5% threshold
The Federal Reserve should not keep changing the goalposts for raising interest rates, a top Fed official said, just a week before the U.S. central bank convenes a policy-setting meeting where that possibility is likely to be discussed. Dallas Fed President Richard Fisher told an agricultural group in Chicago that the Fed’s current threshold for … Continue reading
US / For a Job Guarantee program (government as an “employer of last resort”)
More than five years after the fall of Lehman Brothers we are still dealing with the problem of high unemployment, the worst kind of “waste” in economic theory. Is there a better approach? A number of scholars, notably Professor Randy Wray of the University of Missouri-Kansas City, have long proposed a Job Guarantee program or … Continue reading
Labor Shortages in Canada / A reason why you’re often behind schedule and over budget
Energy companies trying to raise almost $50 billion for Canada’s first network of natural gas export terminals will face an even more basic challenge: finding the workers to build them Continue reading
Car Makers in US / The federal bailout saved 1.5 million U.S. jobs a study finds
The federal bailout of General Motors Co, Chrysler and parts suppliers in 2009 saved 1.5 million U.S. jobs and preserved $105.3 billion in personal and social insurance tax collections, according to a study released on Monday. The Bush and Obama administrations loaned the auto industry, including GM and Chrysler, which is now controlled by Italy’s … Continue reading
Conservatives in Canada / Cuts in social programs are changing the country
“It is changing Canada,” former Saskatchewan premier Roy Romanow says of the current federal approach to social and economic policy Continue reading
US / Government-financed jobs account for more than 25 percent of nonfarm payroll jobs in seven states
In 2012, public-sector employment made up more than 16 percent of the US labor market. Direct government employment fails to capture the full impact of government spending on state labor markets Continue reading
Obama’s Job Performance / Most Young People Are Unhappy
Young Americans are unhappy with virtually every major thing President Barack Obama has done since he was re-elected, but they would still vote for him today, according to the results of a Harvard University survey released on Wednesday. The national poll by Harvard’s Institute of Politics of more than 2,000 people aged 18 through 29 … Continue reading
US / No evidence that lowering taxes on corporate profits will lead to more job creation Center for Effective Government finds
22 of the 30 corporations that paid the highest tax rates (30 percent or more) on their reported profits created almost 200,000 jobs between 2008 and 2012. Only eight of the 30 firms paying high tax rates reported reducing the number of employees between 2008 and 2012 Continue reading
Canada / Create the Employment Insurance Savings Account says the Canadian Taxpayers Federation
The Canadian Taxpayers Federation suggests that working Canadians be entitled to keep the $4,277 currently plundered from them and their employer every year in EI premiums, rather than sending the money to Ottawa, to be processed and shipped elsewhere Continue reading
Monetary Policy / Why it matters whether the fed targets inflation or unemployment
Analysis suggests that in the United States today, it might be appropriate for interest rates to remain low until unemployment crosses a “threshold” as low as 5.5 percent Continue reading
France / Hollande on unemployment deadline: ‘We will have to work on it ‘
French President Francois Hollande wavered on Thursday over his politically sensitive pledge to bring unemployment down by the end of the year, saying it would take as long as necessary. The unpopular Socialist leader has staked his credibility on turning around the euro zone’s second-biggest economy and lowering the jobless rate, which now stands at … Continue reading
The ten building blocks needed for reasoned analysis of immigration
As part of my research, I have come up with ten building blocks needed for reasoned analysis of migration. Some are straightforward; others are analytically tricky and you will need to chew on them. Indeed – with apologies for a self-serving remark – you will need to read the book. Block 1 Around 40 per … Continue reading
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