Job Market Monitor
Economy
From a Labor Economy to a Talent Economy
With Byron Auguste, Managing Director, Opportunity@Work and Robert Hohman, CEO, Glassdoor.
Technology and Jobs – Is the Fourth Industrial Revolution failing the middle class?
While technology enters its next golden age, the percentage of adults working or looking for work is the lowest in almost 40 years in countries such as the United States. Is the Fourth Industrial Revolution failing the middle class? Chosen excerpts by Job Market Monitor. Read the whole story at The Promise of Progress – World … Continue reading
Alberta – 19,600 Job losses last year
Alberta suffered its worst year for employment losses since the dark days of the National Energy Program and early 1980s recession, revised labour figures from Statistics Canada show. Statscan’s annual revisions of its national Labour Force Survey data ratcheted up Alberta’s job losses last year to 19,600, from the 14,600 the statistical agency originally reported … Continue reading
The 2015 job market in US before the last report
Overall, they will show a labor market that continues to recover from the Great Recession. At the same time, a lack of progress on a number of fronts will suggest some serious longer-term problems, which existed before 2008 but were exacerbated by the recession and the slow (though steady) recovery since then. First, the good … Continue reading
The changing in the nature of employment – Corporations with tiny employment rolls and assets now achieve vast market capitalizations
The early 21st century has witnessed a sea change in the nature of employment and in the shape of the corporation in the United States. Employment has shifted from the career, to the job, to the task. In this paper, Jerry Davis argues that the death of the career and the rise of the gig … Continue reading
US – Low participation is the main explanation for depressed employment rates among prime-age Americans
Low participation is the main explanation for depressed employment rates among prime-age Americans. Participation rates are not only low in comparison to levels seen before the Great Recession, they are also now below those in other rich countries. Charts 2 and 3 compare employment-to-population rates among 25-54 year-olds in seven OECD member countries (Canada, France, … Continue reading
Mining – Anglo American to Cut 85,000 Jobs
The pain among energy and mining producers is growing more acute as prices of global commodities continued their collapse on Tuesday.The newest victim is the London-based mining firm Anglo American. On Tuesday, the company announced a drastic restructuring, which includes expanding job cuts, suspending its dividend, reducing its business unit and cutting its assets. Anglo … Continue reading
US November Job Report – Total nonfarm payroll employment increased by a solid 211,000
Total nonfarm payroll employment increased by 211,000 in November, and the unemploymentrate was unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today.Job gains occurred in construction, professional and technical services, and healthcare. Mining and information lost jobs. Household Survey Data In November, the unemployment rate held at 5.0 percent, and the number … Continue reading
Canada November Job Report – Employment decreased by 36,000 (-0.2%) after the election
Employment decreased by 36,000 (-0.2%) in November, the result of losses in part-time work. The overall employment decline in November followed a similar-sized increase in October. The unemployment rate increased by 0.1 percentage points to 7.1% in November. Compared with 12 months earlier, employment increased by 124,000 or 0.7%, with all the growth in full-time work. Over the same period, the number of hours worked … Continue reading
Ireland – Unemployment rate down to its lowest level since 2008
The construction and industrial sectors delivered the most new jobs as a 59,400 increase in the number of full-time posts helped bring the unemployment rate down to its lowest level since 2008. Quarterly data published by the Central Statistics Office showed Ireland’s seasonally adjusted unemployment rate dropped to 9.1 per cent in July-September this year … Continue reading
Canada – Losing high-paying jobs for first time since recession
Canada has been losing high-paying jobs for the first time since the recession. David Madani of Capital Economics crunched the latest Statistics Canada numbers and found that “employment and income trends have worsened,” with a slowdown in the rise of lower-paying jobs and an outright loss of higher-income positions largely because of the oil shock. … Continue reading
Canada’s September 2015 Job Report – A decline of 62,000 in full time employment, but overall little changed
Employment was little changed for the fourth consecutive month in September (+12,000 or +0.1%). The unemployment rate increased by 0.1 percentage points to 7.1% as more people participated in the labour market. Part-time employment rose by 74,000 in September, which was largely offset by a decline of 62,000 in full time. Provincially, employment rose in British Columbia, Alberta, Manitoba, Nova Scotia, Saskatchewan and … Continue reading
Germany – Slight rise in in unemployment in August
Fresh data on the German labor market have shown the number of people looking for a job in Europe’s powerhouse economy has gone up marginally. But experts say it’s a seasonal effect not to be worried about. Germany’s Federal Labor Office (BA) said Tuesday it recorded 23,000 job-seekers more across the country in August as … Continue reading
Unemployment in EU – The lowest rate recorded since February 2012 but 4.634 million young persons are still unemployed
The euro area (EA19) seasonally-adjusted unemployment rate was 10.9% in July 2015, down from 11.1% in June 2015, and from 11.6% in July 2014. This is the lowest rate recorded in the euro area since February 2012. The EU28 unemployment rate was 9.5% in July 2015, down from 9.6% in June 2015, and from 10.2% … Continue reading
Technology has been a great job-creating machine study finds
The battle between man and machines goes back centuries. Are they taking our jobs? Or are they merely easing our workload? A study by economists at the consultancy Deloitte seeks to shed new light on the relationship between jobs and the rise of technology by trawling through census data for England and Wales going back … Continue reading
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