Job Market Monitor
COVID
COVID and Jobs in UK – Losses have disproportionately affected young people, women and the lowest paid.
Coronavirus is a public health crisis and the Government has rightly taken unprecedented measures to tackle it. This has included significant restrictions on much social interaction and economic activity. The result has been the sharpest spike in unemployment on record. There were one million claims for Universal Credit in a two week period, 7.3 times … Continue reading
COVID – Lifting lockdowns and the economic recovery
The pandemic could give rise to a new era of human development. Otherwise, economic and social development may falter for decades. Exhibit 1 shows how different levels of physical isolation affect economic conditions. A recession could occur if faltering demand, restricted supply, and lost income reach critical levels. The differences between scenarios could be tenfold: … Continue reading
COVID and Jobs in Canada – Nearly 3 in 10 Canadians report that it affects their ability to meet financial obligations or essential needs
Nearly 3 in 10 (29.0%) Canadians reported that the COVID-19 situation is having a moderate or major impact on their ability to meet financial obligations or essential needs such as rent or mortgage payments, utilities and groceries. A further 23.8% said it was too soon to tell, while just under one-half (47.2%) reported minor or no impact. At the time of … Continue reading
COVID et l’Emploi au Canada – Un peu plus du tiers des travailleurs craignent perdre leur emploi au cours des quatre prochaines semaines dit Statistique Canada
Les arrêts de l’activité économique provoqués par la COVID-19 ont eu des répercussions soudaines et profondes sur le marché du travail canadien. Les données de l’Enquête sur la population active (EPA) de mars ont révélé que l’emploi a diminué de plus de 1 million de février à mars. De plus, 2,1 millions de Canadiens sont demeurés en emploi, mais avaient … Continue reading
COVID and Work in Mexico- Killing workers at U.S. factories
Throughout March, even as business and manufacturing slowed to a halt across much of the world in an effort to contain the new coronavirus, work in foreign-owned factories in northern Mexico carried on as usual.Hundreds of thousands of workers continued to toil side by side in Juarez, Tijuana and other border cities, churning out electronics, … Continue reading
COVID ans Unemployment in LA – Less than half of Los Angeles County residents report having jobs, survey finds
According to a University of Southern California study, Los Angeles has been one of the American cities hit hardest by unemployment during the coronavirus pandemic, with just less than half residents reporting that they held a job in April. Chosen excerpts by Job Market Monitor. Read the whole story @ Less Than Half Of Los Angeles County … Continue reading
COVID and UI in US – Changes in state Unemployment Insurance rules
The COVID-19 pandemic led to an unprecedented expansion in unemployment insurance (UI) eligibility across states. While more than forty states had modified UI rules by the end of March, not all states responded in the same way. In this article, I summarize the changes to state UI rules in response to the crisis and explore … Continue reading
COVID, Jobs and Lockdown in UK – Can take more than 6.5m jobs out of the economy
Estimates produced by the Institute for Social and Economic Research (ISER) at the University of Essex suggest the lockdown can take more than 6.5m jobs out of the economy -around a quarter of the total.The study led by Professor Matteo Richiardi with ISER researcher Diego Collado uses ONS data to predict job losses by sector.Using … Continue reading
COVID and Lockdown – The costs of constraining the virus and the benefits
Some economists and business leaders believe the costs of constraining the virus have exceeded the benefits. They point to unemployment totals not seen since the Depression and entire industries shut down, compared to virus death totals that may reach only the numbers from a bad flu season (55,000).As more data become available, the epidemiological trajectory … Continue reading
COVID and Health Insurance in US – 9.2 million workers likely lost their employer-provided health insurance in the past four weeks
We estimate that 9.2 million workers were at high risk of losing their employer-provided health insurance in the past four weeks. To avoid prohibitively costly insurance options, the federal government should fund an expansion of Medicare and Medicaid to all those suffering job losses during the pandemic period.Two weeks ago, when the two-week total of … Continue reading
COVID and Lockdown Lifting in US – 66% say they are more concerned that these restrictions will be lifted too quickly
With substantial limits in place on public activity in most states to combat the coronavirus outbreak, 66% of Americans say they are more concerned that these restrictions will be lifted too quickly, while 32% say they are more concerned they won’t be lifted quickly enough.With substantial limits in place on public activity in most states … Continue reading
COVID, CERB and Social Assistance in Ontario – Reinstating benefits to those who lost them after receiving emergency relief payments
Ontario’s indecision over how to treat federal income support for workers on social assistance during the COVID-19 crisis has caused at least one person with disabilities to lose his benefits, including drug and medical coverage, the Star has learned.“We’ve been warning the government this would happen,” said Kyle Vose, co-chair of the ODSP Action Coalition … Continue reading
COVID and Schools in US – 31 states and Washington, DC have ordered or recommended that they remain closed
The majority of governors in the United States have ordered or recommended that statewide school closures continue for the rest of the academic year to help reduce the spread of the novel coronavirus.This is where all 50 states stand on reopeningSeveral states have announced their plans to begin lifting social distancing measures and the federal … Continue reading
COVID , CARES Act and Relief Checks in US – Threatened by old technology and a rocky government rollout
Hampered by antiquated software, unfilled leadership positions and the sheer complexity of distributing hundreds of billions of dollars across the United States, the federal government is failing to get emergency stimulus money to millions of households and small businesses. The Post reported that three weeks after Congress passed a $2.2 trillion aid package, its small-business … Continue reading
COVID and Work in Canada – Half have seen change in the status of their employment
In a random sampling of public opinion taken by The Forum Poll™ among 1335 Canadian voters, more than eight in 10 (TOP2: 85%) say they’re concerned about COVID-19, with half (52%) saying they’re very concerned. This is up considerably from the beginning of March, where just under two-thirds were concerned (TOP2: 62%, March 6) and … Continue reading
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