Job Market Monitor
COVID-19
Work in US – COVID-19 continues to reshape it
As more workplaces reopen, most teleworkers say they are working from home by choice rather than necessity Nearly two years into the COVID-19 pandemic, roughly six-in-ten U.S. workers who say their jobs can mainly be done from home (59%) are working from home all or most of the time. The vast majority of these workers … Continue reading
COVID-19 Impacts on Workers in US – Households with income less than $25,000 were 3.5 times as likely to report missing an entire week of work
Household Pulse Survey (HPS) data reveal stark inequities in COVID-19-related outcomes by income. Among working-aged Americans, those with 2019 household incomes less than $25,000 were 3.5 times as likely to report missing an entire week of work mainly due to their own or loved ones’ COVID-19 symptoms, relative to those earning $100,000 or more (Figure). … Continue reading
COVID-19, Jobs, Skills and Immigration in Europe – Longer-term trends and challenges not fundamentally altered
The response to the COVID-19 pandemic has brought about a historic economic recession with significant consequences for employment and, in turn, immigration and skills policy. While it remains to be seen how lasting the pandemic’s effects will be on the worst-hit sectors, such as hospitality, leisure, and tourism, the crisis appears to be entrenching existing … Continue reading
COVID-19, Immigrants and Unemployment in US -The gap has closedr
As businesses across the United States return to near-normal operations, public attention has shifted to reports of labor shortages and rising prices. But even as hiring picks up in the wake of the COVID-19 outbreak, the labor market is not fully healed. Some 9.5 million U.S. workers were unemployed in June 2021, compared with 5.7 … Continue reading
Causes of Death – The top 10 vs COVID
Of the 56.9 million deaths worldwide in 2016, more than half (54%) were due to the top 10 causes. Ischaemic heart disease and stroke are the world’s biggest killers, accounting for a combined 15.2 million deaths in 2016. These diseases have remained the leading causes of death globally in the last 15 years. Chosen excerpts … Continue reading
COVID-19 and the Economy In US – Questions and answers from Janet Yellen
THE FOLLOWING ANSWERS ARE FROM JANET YELLEN. Q: How well prepared is the typical American household for the coming shock of lost jobs and income, in light of a decade of debt-deleveraging, continuous job growth, and low unemployment, coupled with weak wage growth and rising income inequality? A: “It’s true that we’ve had a decade … Continue reading
COVID au Canada – Plus de 1,5 million de nouvelles demandes d’assurance-emploi après les 930 000 demandes de la semaine dernière
Le gouvernement fédéral a reçu un nombre record de 1,55 million de demandes d’assurance-emploi entre le 16 et le 25 mars, a appris TVA Nouvelles. Au même moment la semaine dernière, 930 000 demandes avaient été remplies. Depuis, le gouvernement a annoncé le déploiement de la Prestation canadienne d’urgence (PCU) et un programme de subvention … Continue reading
COVID in US – The St. Louis Fed’s back-of-the-Envelope Estimates : given the assumption of a constant labor force, 32.1%
As state and local governments implement social-distancing measures to suppress and contain the spread of COVID-19, many businesses are faced with a large decrease in sales and revenue. This slowdown of economic activity could inevitably lead to solvency and liquidity problems that result in workers being laid off. This negative shock does not equally affect … Continue reading
COVID and Global Household Debt – Already over $12 trillion higher than in the run-up to the 2008 global financial crisis
COVID-19 Exacerbates Household Debt Burdens Global household debt tops $47 trillion—over $12 trillion higher than in the run-up to the 2008 global financial crisis More than three-fourths of the 75 countries in our sample now have higher household debt-to-GDP ratios than in 2007 Anticipated COVID-19-related job losses imply a massive jump in household debt relative … Continue reading
COVID-19 au Québec – À quoi s’attendre ? Appel à l’aide à tous les forts en chiffres …
À quoi peut-on s’attendre au Québec ? Les conférences de presse quotidienne nous laissent malheureusement dans le noir … Alors, nous avons fait des calcul à partir des données de l’Organisation Mondiale de la Santé (OMS) disponible à l’adresse https://www.worldometers.info/coronavirus/ . Nous avons utilisé les données de la Chine, mais avons calculé le taux d’infection … Continue reading
COVID in US – One-quarter of the of the country’s largest companies had more cash going out than coming in on the eve of the crisis
“The coronavirus has left businesses from giant corporations to the corner bar struggling for survival. But along with dealing millions of Americans an unexpected blow, the pandemic exposed vulnerabilities that had accumulated during a record-long expansion and years of ultralow interest rates — and which now could make it harder to recover from a recession, … Continue reading
COVID-19 chez Québecor – Les employés recevront au total entre 80 % et 95 % de leur salaire, incluant l’assurance-emploi
Québecor a mis sur pied un programme pour bonifier les prestations d’assurance-emploi de ses 1000 employés qui se retrouveront au chômage pour deux mois à partir de la semaine prochaine. L’entreprise estime que les employés recevront au total entre 80 % et 95 % de leur salaire, incluant l’assurance emploi et la bonification. Les mises à pied temporaires … Continue reading
COVID-19 et la Banque du Canada – Pas de taux négatif
À 0,25 %, le taux directeur de la Banque du Canada est maintenant à son plus bas niveau effectif, a indiqué Stephen Poloz. Théoriquement, il pourrait descendre plus bas, a-t-il convenu, mais ce n’est pas une option envisagée par la banque centrale. Selon lui, l’expérience des taux négatifs ailleurs dans le monde indique que lorsque les taux … Continue reading
COVID in US – Choosing mass unemployment ?
A number of European countries, after similarly failing to control the spread of the virus, and thus being forced to lock down large parts of their economies, have chosen to protect jobs. Denmark has agreed to compensate Danish employers for up to 90 percent of their workers’ salaries. In the Netherlands, companies facing a loss … Continue reading
COVID – What schools can do
The social and economic effects of COVID-19 will be severe and touch every corner of the country. But there is much that can be done to soften the blow and put ourselves in a better situation for the long term. Schools have a particularly important role to play. To see what schools can do, it … Continue reading
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