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August 2017 Job Report in US – Disappointing with total nonfarm payroll employment increased by 156,000
Total nonfarm payroll employment increased by 156,000 in August, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, construction, professional and technical services, health care, and mining. Household Survey Data In August, the unemployment rate, at 4.4 percent, and the number … Continue reading
Australia – A very positive perception of mature age workers by employers
Attracting and retaining an engaged and productive workforce is key to the success of any organisation and, in turn, is critical to a thriving economy. With an ageing Australian population and skills shortages experienced across many industries, it is more important than ever for organisations to encourage experienced workers to remain in the workforce. Whilst … Continue reading
Job Report in Canada, June 2017 – Employment rose by 45,000 in June, mostly in part-time work
Employment rose by 45,000 in June, mostly in part-time work. The unemployment rate was 6.5%, down 0.1 percentage points from the previous month. Compared with 12 months earlier, there were 351,000 (+1.9%) more people employed. Most of the growth was in full-time work (+248,000 or +1.7%), while part-time employment was also up (+103,000 or +3.0%). The total number of hours worked increased 1.4% over this period. In … Continue reading
Italy – 85,000 people applied for 30 jobs at a bank
Italy’s chronic unemployment problem has been thrown into sharp relief after 85,000 people applied for 30 jobs at a bank – nearly 3,000 candidates for each post. With youth unemployment nudging close to 40 per cent and the overall level at 11 per cent, steady jobs are in great demand. But even the managers at … Continue reading
US – Income volatility is the result of broad shifts in the labor market
The lack of access to stable, predictable cash flows is the hard-to-see source of much of today’s economic insecurity. We came to understand this after analyzing the U.S. Financial Diaries (USFD), an unprecedented study to collect detailed cash flow data for U.S. households. From 2012 to 2014 we set up research sites in 10 communities across the country. The USFD research … Continue reading
Talent Acquisition – Should become more intertwined with all the functions of the business
Talent acquisition executives predict “workplace flexibility” will be the top reason why candidates choose an employer five years from now. This flexibility goes well beyond workers’ hours and location, to the very nature of the employee-employer relationship. That is part of another shift in the talent landscape: the move from a full-time employee base to … Continue reading
The Fourth Industrial Revolution – This transformation is going to change the way we produce goods, provide services, and collaborate with our colleagues
The final panel, moderated by Tilak Agerwala, formerly of IBM, focused on the human-technology frontier. It opened with a presentation by Fay Cook of the National Science Foundation (NSF), who spoke about work at the human-technology frontier. “We are on the cusp of major transformations in work and the workplace driven by new and emerging … Continue reading
Employee Well-Being and Company Performance – The evidence
While evidence shows that better performing companies have happier employees, there has been much less research on whether happy employees contribute to better company performance. Finding causal relations between employee well-being and company performance is important for firms to justify spending corporate resources to provide a happier work environment for their employees. While correlational and … Continue reading
Partnerships Between Post‐Secondary Education and Business – Six principles for success
Partnerships between post-secondary education (PSE) institutions and businesses are crucial to Canada’s competitiveness and prosperity. They help to develop and leverage skills, talent, and research. PSE institutions, businesses, and community stakeholders need better information on how to develop, operate, and maintain successful PSE–business partnerships. This report shows that partnerships are most effective when they are … Continue reading
Manufacturing Jobs in US – About 157,000 U.S. workers quit in October, the highest level in more than eight years
About 157,000 U.S. workers quit a manufacturing job in October, the highest level in more than eight years and a reminder of the massive churn across the labor market. Falling factory employment has been running theme of 2016, and President-elect Donald Trump has made those jobs a priority. Underneath the long-term slide in employment is a more dynamic … Continue reading
Job Report in US, October 2016 – Total nonfarm payroll employment rose by 161,000
Total nonfarm payroll employment rose by 161,000 in October, and the unemployment rate was little changed at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care, professional and business services, and financial activities. Household Survey Data The unemployment rate, at 4.9 percent, and the number of … Continue reading
Job Growth in US – Startup businesses at historically low rates
The U.S. economy is inching along, productivity is flagging and millions of Americans appear locked out of the labor market. One key factor intertwined with this loss of dynamism: The U.S. is creating startup businesses at historically low rates. The American economy has long relied on fast-growing young companies to fuel job growth and spread … Continue reading
The Future of Jobs – Rethinking education systems, incentivizing lifelong learning and cross-industry and public-private collaboration
The impact of technological, demographic and socio-economic disruptions on business models will be felt in transformations to the employment landscape and skills requirements, resulting in substantial challenges for recruiting, training and managing talent. Several industries may find themselves in a scenario of positive employment demand for hard-to-recruit specialist occupations with simultaneous skills instability across many … Continue reading
Apprenticeships and UK’s Businesses – £1.8 billion of net economic benefits, around £2,000 per apprentice but many organisations appear unaware of the full apprenticeship offer
Apprentices delivered around £1.8 billion of net economic benefits to UK organisations last year according to the latest research from the Association of Accounting Technicians (AAT), the UK’s leading qualification and membership body for accounting staff. The report, compiled by the Centre for Economics and Business Research (Cebr), found that apprentices offer UK businesses a … Continue reading
The Work Gap in US – Lower-income men’s work rates have declined by 11 percentage points
The decline in labor force participation rates has been widely documented, but the growing gulf in the work gap between the bottom third and the rest of the population is truly striking:While the share of men who are employed in the top two-thirds has been quite stable since 1980, lower-income men’s work rates have declined … Continue reading
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