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Employment rates exceed pre-crisis levels in 30 per cent of the countries, have increased in 37 per cent and have continued to decline in the remaining 33 per cent finds ILO in World of Work report 2013
According to the World of Work report 2013 “Repairing the economic and social fabric”, income inequalities rose between 2010 and 2011 in 14 of the 26 advanced economies surveyed, including France, Denmark, Spain and the United States. Inequality levels in seven of the remaining 12 countries were still higher than before the start of the … Continue reading
US / The low-wage model: a single 300-person Wal-Mart Supercenter store could cost could cost taxpayers up to $1,744,590 per year to taxpayers
« Rising income inequality and wage stagnation threaten the future of America’s middle class » writes the Democratic staff of the U.S. House Committee on Education and the Workfororce in The Low-Wage Drag on Our Economy: Wal-Marts low wages and their effect on taxpayers and economic growth (Adapted chosen excerpts by Job Market Monitor to follow), adding that while … Continue reading
State and Local Government in US / Ease up on layoffs and unfilled positions
The survey finds that the pace of state and local government retirements continues to be high. There are signs that the improving economy has begun to reach state and local governments, as they ease up on layoffs and compensation freezes imposed since the economic downturn of 2008. Other findings include: Twenty-two percent of retirement-eligible … Continue reading
US / Breadwinner Moms: 40% of all households
A record 40% of all households with children under the age of 18 include mothers who are either the sole or primary source of income for the family, according to a new Pew Research Center analysis of data from the U.S. Census Bureau. The share was just 11% in 1960. These “breadwinner moms” are made … Continue reading
The UK ‘Jobs Gap’ / More than 800,000
The UK is more than 800,000 jobs short of the amount it would need to restore employment rates to those seen before the recession, a study from independent think tank the Resolution Foundation has found. While the number of people in employment had climbed by 160,000 since 2008 to nearly 30 million, this positive news … Continue reading
Vacation Around the World / United States Still a No-Vacation Nation
The United States is the only advanced economy that does not guarantee its workers any paid vacation time, according to a new review of international labor laws by the Center for Economic and Policy Research (CEPR). As a result, almost 1-in-4 Americans do not receive any paid vacation or paid holidays, trailing far behind most … Continue reading
The decline in job satisfaction and employee engagement
“The decline in job satisfaction and employee engagement revealed by the Government’s Skills and Employment Survey makes for worrying reading for businesses, the economy and wider society. But CIPD research shows that the voluntary sector appears to be bucking this trend, with valuable lessons to be learned for the private and public sectors. Nevertheless, we … Continue reading
US / Student Financial Aid / Neediest students to pay more than their families’ yearly earnings
“With their relentless pursuit of prestige and revenue, the nation’s public and private four-year colleges and universities are in danger of shutting down what has long been a pathway to the middle class for low-income and working-class students” writes Stephen Burd in Undermining Pell – How Colleges Compete for Wealthy Students and Leave the Low-Income Behind … Continue reading
Low-Wage / Wal-Mart vs. the Feds: Who’s the King?
The federal government is better at creating low-paying jobs than Wal-Mart and McDonald’s combined, according to a new report. A study released earlier this month from the public policy group Demos states that through various forms of government funding in the private sector, nearly two million people are making $12 an hour or less. The … Continue reading
Ireland / Under-45s more hit by recession finds ESRI
Those aged under 45 have been affected “dramatically” more by the property crash and recession than those 45 and over, according to a new research paper published yesterday by the Economic and Social Research Institute, a Dublin-based think tank. When comparing a range of indicators over the half-decade to 2009/2010, the report described the contrast … Continue reading
US Grads / Being overqualified, they express regrets finds McKinsey
McKinsey partnered with Chegg Inc. to conduct a survey that gauges the attitudes of more than 4,900 recent graduates on a range of issues. The mix included attendees of four-year and two-year private and public colleges, as well as vocational and for-profit institutions. The survey primarily focused on students who graduated between 2009 and 2012, … Continue reading
It is not easy to be young in the labour market today and skills mismatch is not helping them says ILO
The global youth unemployment rate, which had decreased from 12.7 per cent in 2009 to 12.3 per cent in 2011, increased again to 12.4 per cent in 2012, and has continued to grow to 12.6 per cent in 2013. This is 1.1 percentage points above the pre‐crisis level in 2007 (11.5 per cent). By 2018 … Continue reading
Working in the US / The most accessible metropolitan areas in 2010 : Los Angeles, San Francisco, New York
Job accessibility has changed over time. In the past two decades, Las Vegas, Jacksonville, Austin, Orlando and Phoenix have seen the largest percentage gains in job accessibility while Cleveland, Detroit, Honolulu and Los Angeles have seen the largest percentage drops. This study estimates the accessibility to jobs by automobile in the 51 largest metropolitan areas … Continue reading
Canada / Human capital trends survey 2013
To build leadership and talent, organizations need to do more than maintain good employee relations: they need to focus on direct organizational benefits that solve business problems. HR is strategic Deloitte’s survey of 1,300 senior business leaders in 59 countries reveals current and emerging human capital trends influencing the future course of talent, HR and … Continue reading
Ontario / People Without Jobs, Jobs Without People
Rick Miner, Ph.D. produced the report People Without Jobs, Jobs Without People in February 2010. Job Market Monitor chooses to present some excerpts given its relevancy in the debate about the extend of the Skills Gap in Canada. -*- While much of the world is understandably focused on the current recession, there is a looming demographic and labour … Continue reading
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