Job Market Monitor
COVID
Coronavirus Job Retention Scheme in UK – Estimated total cost at as much as 56 billion pounds
Britain’s bailout battle is heating up before the first penny has even been paid in an unprecedented effort to save jobs amid the coronavirus pandemic. While more than half of U.K. companies are expected to apply for government grants to pay furloughed employees, critics say they expect too much of the cash to go where … Continue reading
COVID and Immigration in Canada – The lowest Comprehensive Ranking requirement of 2020
Two days, two Express Entry draws. Today’s draw rendered invitations for 3,782 immigration candidates and their families to apply for Canadian permanent residence. Invitations to Apply (ITAs) for Canadian permanent residence were issued to Canadian Experience Class (CEC) program candidates with Comprehensive Ranking System (CRS) scores as low as 455 on April 16, 2020. Today’s … Continue reading
COVID et Services d’Orientation en France – Défi métiers organise des audio-conférences
Les professionnels de l’orientation sont invités depuis peu à participer à des “RV SPRO franciliens” organisés à distance. Mis en place pendant la période de confinement, ils rencontrent un vif succès comme en témoigne le nombre de participants. Dans le cadre de son appui au Service public régional de l’orientation (SPRO), Défi métiers propose des … Continue reading
COVID and the Myth of the Deficit – It is being destroyed (well, for the moment)
The Covid-19 crisis has clearly demonstrated what should have been obvious already: provisioning society – whether with food, disinfecting wipes, toilet paper or medical supplies – is not a financial issue. If we can’t produce enough masks, ventilators or food, finance will not help. Society’s capacity to produce real output is what limits its ability … Continue reading
COVID in UK – Job retention scheme extended by one month
The Treasury’s coronavirus job retention scheme paying 80 per cent of wages for furloughed workers is being extended by a month to the end of June, chancellor Rishi Sunak has announced.The move comes a day ahead of Saturday’s deadline for employers to issue redundancy notices for staff being laid off at the end of next … Continue reading
COVID in America – Pictures from the Great Depression and from last week
Straggling in a Good Economy, and Now Struggling in a Crisis The coronavirus pandemic has shown how close to the edge many Americans were living, with pay and benefits eroding even as corporate profits surged. Chosen excerpts by Job Market Monitor. Read the whole story @ Coronavirus Crisis Underlines Weak Spots in U.S. Economic System – The … Continue reading
COVID and Health Systems – What we are learning ?
Beyond containment efforts, what have health systems done thus far to manage this health crisis? Some countries have strengthened access to health care, highlighting the importance of high quality universal health coverage. Today, in 23 OECD countries, 20% of people forego care due to long waiting times or travel distance, and 17% because costs were … Continue reading
COVID and Inequality – High-paid workers benefit from the home office option
Home office at full pay is not an option for all employees hit by the coronavirus crisis. To analyze changes in work arrangements during the pandemic, a team of economists from the University of Bonn, IZA and the University of Tilburg surveyed around 5,500 individuals in the Netherlands from March 20-31. The results show that … Continue reading
COVID and Working from Home in Canada – A large increase with Approximately 4.7 million Canadians who do not usually work from home did so
Approximately 4.7 million Canadians who do not usually work from home did so during the week of March 22 to 28. Chart 1 Almost five million workers who don’t usually work from home did so during the week of March 22 to March 28, 2020 When those who usually work from home are included, 4 in 10 workers (39.1% or 6.8 million) worked from home during the week of March 22. About … Continue reading
COVID and Recession around the World – The Vulnerability Index by the Economist
Economic crises expose and exacerbate structural weaknesses. Analysis by The Economist of five decades of gdp data finds that growth rates in rich countries tend to converge during expansions, as even the weakest economies are pulled along. Yet during downturns performance diverges markedly. In the first half of the 2000s the average annual gap between … Continue reading
COVID and Tax and Fiscal Policy – They should continue to support households and businesses through containment, then shift to bolstering recovery OECD says
Tax and fiscal policy responses are playing a critical role in limiting the hardship caused by containment measures, and should continue to do so as governments seek to support households and businesses, protect employment and pursue economic recovery from the global pandemic, according to new OECD analysis. Tax and Fiscal Policy in Response to the … Continue reading
COVID and Higher Education in UK – Universities will be hit harder than hospitality
Education will be the sector of the economy hardest hit by an extended lockdown in the face of the coronavirus pandemic, according to new analysis. The impact on education is forecast to be greater even than that on the hospitality industry, which has been almost entirely closed down by efforts to contain the spread of … Continue reading
COVID Economic Impact – The Bank of Canada point of views
The Canadian economy was in a solid position ahead of the COVID-19 outbreak, but has since been hit by widespread shutdowns and lower oil prices. One early measure of the extent of the damage was an unprecedented drop in employment in March, with more than one million jobs lost across Canada. Many more workers reported … Continue reading
COVID in Canada – The Problem with Income Support (Update)
The die is cast. Canada’s governments can now count, at least temporarily, on four major measures to support the income of people affected by the COVID crisis, namely: 1. The Wage Subsidy amounting to 75% of salary up to a maximum of $ 3,388 per month ($ 847 X 4), offered to employers who maintain … Continue reading
COVID au Canada – Le problème avec le soutien du revenu (Mise à jour)
Les dés sont largement jetés. Les gouvernements du Canada et du Québec pourront compter, du moins transitoirement, sur quatre grandes mesures pour soutenir le revenu des personnes affectées par la crise du COVID soit : 1. La Subvention salariale de 75% du salaire jusqu’à concurrence de 3 388 $ par mois (847 $ X 4), offerte … Continue reading
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