Job Market Monitor
Displaced workers
Home Ownership and Displaced Workers in Netherlands – Job losses result in longer commutes
As in many other countries, the Dutch owner-occupied housing market and labour market suffered from strong negative developments during the Great Recession that started in 2008. The large scale at which the transaction prices and home property values fell in the Dutch housing market is very rare — it previously occurred in the period 1978 … Continue reading
Reskilling displaced workers – Don’t focus exclusively on traditional jobs
We’re not taking advantage of the full potential of “reskilling” workers. Conversations and solutions around job displacement are often limited for two reasons: 1) They focus exclusively on traditional jobs rather than “deconstructed” work; and 2) They focus on regional partnerships, rather than considering the global work ecosystem. Important solutions require seeing beyond “jobs” and … Continue reading
China – New guidelines for displaced workers
China etched in details of plans to help workers laid off from the bloated coal and steel industries, saying assistance would include career counseling, early retirement and help in starting businesses, among other measures. New guidelines released by seven Chinese ministries over the weekend build on previously announced commitments to restructure the coal and steel … Continue reading
Displaced Workers – Why earnings fall
After being displaced from their jobs, workers experience reduced earnings for many years and are at greater risks of other problems as well. The ills suffered by displaced workers motivated several recent expansions of government programs, including the unemployment insurance system, and have spurred calls for wage insurance that would provide longer-run earnings replacement. However, … Continue reading
Displaced Workers in US – From January 2011 through December 2013, 4.3 million workers were displaced from jobs
From January 2011 through December 2013, 4.3 million workers were displaced from jobs they had held for at least 3 years, the U.S. Bureau of Labor Statistics… This was down from 6.1 million workers for the prior survey period covering January 2009 to December 2011. In January 2014, 61 percent of workers displaced from 2011 … Continue reading
Displaced workers are faster to find jobs at new employers
“The empirical literature on the relationship between job mobility and earnings dynamics emphasize two distinctly different patterns. On the one hand are findings that job mobility yields increases in earnings for workers” write Bruce Fallick, John Haltiwanger, and Erika McEntarfer in Job-to-Job Flows and the Consequences of Job Separations (Choosen excerpts by JMM to follow) This view emphasizes that, … Continue reading
US – 6.1 million workers were displaced from jobs they had held for at least 3 years
From January 2009 through December 2011, 6.1 million workers were displaced from jobs they had held for at least 3 years, the U.S. Bureau of Labor Statistics reported today. Highlights from the January 2012 survey: –In January 2012, 56 percent of the 6.1 million long-tenured displaced workers were reemployed, up from 49 percent for the prior survey in January … Continue reading
Permanent Layoffs in Canada | Only around 40% are “rare” events, particularly among older workers
A new study by Statistics Canada by Garnett Picot, Zhengxi Lin and Wendy Pyper uses a new longitudinal data source on the separations of workers to address three issues: First, has there in fact been an increase in the permanent layoff rate in Canada in the 1990s, as one might anticipate given concerns about rising job instability? … Continue reading
Bursting of the housing bubble has not generated any noticeable increase in structural unemployment
“Some economic observers argue “structural unemployment” has increased in the wake of the Great Recession” write John Schmitt and Kris Warner in Deconstructing Structural Unemployment published by the Center for Economic and Policy Research. Structural unemployment refers to unemployment that reflects supply constraints in the economy: workers whose skills or geographic location don’t match with employers’ desires. Structural unemployment differs from cyclical … Continue reading
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