Job Market Monitor
COVID
COVID and Higher Education – What a recession means
Increasing unemployment and lost revenue for states means that many states will be strapped for cash. Unfortunately, when state budgets become tighter, higher education is one of the first budget lines legislators and governors cut. That’s because they have competing expenses—like Medicaid, prisons, and pensions—and higher education is often the easiest to cut. When states … Continue reading
COVID – How is it impacting the global economy?
Every component of aggregate demand – consumption, capital spending, exports – is in unprecedented free fall. While most self-serving commentators have been anticipating a V-shaped downturn – with output falling sharply for one quarter and then rapidly recovering the next – it should now be clear that the COVID-19 crisis is something else entirely. The … Continue reading
COVID in US – What top CEOs fear
Top CEOs, in private conversations and pleas to President Trump, are warning of economic catastrophe if America doesn’t begin planning for a phased return to work as soon as May, corporate leaders tell Axios. Why it matters: The CEOs say massive numbers of companies, big and small, could go under if business and government don’t … Continue reading
COVID au Québec – Les scénarios : entre 1263 décès et 8860 au Québec d’ici le 30 avril
• Les courbes présentées dans les graphiques sont basées sur les données empiriques dans certains pays européens. • Chaque pays est ramené à un « Jour 0 » , soit le moment où il a atteint une dizaine de cas. Au Québec, ce moment correspond au 12 mars. • Les scénarios pessimistes concernant le nombre … Continue reading
COVID in Canada – Employment Insurance backlog should be eliminated in the coming week
The federal government has processed one million claims for employment insurance, just under half of the claims received so far as unemployed Canadians flood the system with applications. Federal officials said that, by Friday, the government had received 2.4 million applications, almost matching the 2.8 million claims received in all of 2019. And it says … Continue reading
COVID-19 and Restaurants in Canada – Has cost 800,000 jobs since March 1
Restaurants Canada estimates that 800,000 foodservice jobs have already been lost nationwide due to COVID-19 and might not return if current conditions continue. With restaurants now struggling to pay rent and other bills due in April, the national association has conducted a survey to shed light on the state of the industry. Responses from foodservice … Continue reading
COVID and Jobs in Norway – Unemployment soars to record 14.7% of work force
Norway’s rate of unemployment rose sixfold in March to 14.7%, the Labour and Welfare Agency (NAV) said on Friday, the highest level on record as the economy ground to a halt amid efforts to curb the coronavirus pandemic. As many as 10.7% were fully unemployed, while the remaining 3% were registered as partially unemployed, NAV … Continue reading
COVID in Spain – March worst month on record for the labour market
Jobless claims in Spain surged by 302,000 people in March, the highest monthly increase on record and far higher than the previous record from January 2009 when unemployment claims rose by 200,000 as Spain went into an economic crisis. Spain’s Minister of Labour and Social Economy, Yolanda Diaz, said that nearly 834,000 jobs had been … Continue reading
Jobs after COVID in US – Retooled for the Twenty-First Century?
In my 2016 book, Failure to Adjust: How Americans Got Left Behind in the Global Economy, I told the story of how economic globalization caught the United States off-guard. For most of our history, we were a reasonably self-sufficient economy, with an expanding domestic market that was more than large enough to exploit economies of … Continue reading
COVID and Jobs in Europe vs US – The Partial Unemployment (wage subsidy)
The coronavirus pandemic has dramatically changed economic life across Europe and the United States. By confining people to their homes, leading them to spend far less money than they otherwise would, the West has seen a collapse in consumption, threatening the survival of a sweeping number and range of firms, from restaurants to airlines to … Continue reading
COVID et Chômage Partiel (Subvention Salariale) en France – Des entreprises en abusent, les salariés racontent
Pourtant en chômage partiel, ces salariés continuent de travailler (presque) normalement. Nombreux appels des managers, menaces des RH… voici les moyens utilisés par les entreprises pour imposer à leurs salariés de continuer à travailler. Et en cas de refus du salarié, les sanctions tombent déjà. Témoignages. Près de 4 millions. C’est le nombre de salariés … Continue reading
COVID and New Job Postings in US – Dropped 29% between the week of March 2 and the week of March 23
The greatest jobs impact from the coronavirus pandemic isn’t necessarily in states with the highest number of reported cases but in states most dependent on industries like manufacturing and tourism. Nationwide, new job postings dropped 29% between the week of March 2 and the week of March 23, according to a newly released Burning Glass Technologies research. … Continue reading
COVID and Unemployment – Official jobless figures will miss the economic pain of the pandemic
An estimated 46 million Americans have already been laid off or seen a reduction in hours as a result of COVID-19, according to Gallup survey data collected from March 27 to March 31, 2020. This amounts to around 28% of workers. But these massive losses are unlikely to register in the official data from our … Continue reading
Unemployment Benefits in US – The Efficacy of Enhanced UI by St. Louis Fed
KEY TAKEAWAYS Social-distancing policies to slow the transmission of coronavirus have disrupted economic activity, shuttering firms and throwing many Americans out of work. Providing more generous unemployment insurance benefits to laid-off and furloughed workers can be an efficient, targeted means to help offset their loss of income. Small business loans aimed at keeping workers on … Continue reading
Job Report in US, March 2020 – Employment fell by 701,000 even if the reference periods predated many COVID impacts
Total nonfarm payroll employment fell by 701,000 in March, and the unemployment rate rose to 4.4 percent, the U.S. Bureau of Labor Statistics reported today. The changes in these measures reflect the effects of the coronavirus (COVID-19) and efforts to contain it. Employment in leisure and hospitality fell by 459,000, mainly in food services and drinking … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 