Job Market Monitor
Economy
US Job Report – A strong December result and the best year for the labor market since 1999
Total nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined to 5.6 percent, the U.S. Bureau of Labor Statistics reported today.Job gains occurred in professional and business services, construction, food services and drinking places, health care, and manufacturing. Household Survey Data The unemployment rate declined by 0.2 percentage point to 5.6 … Continue reading
Canada Job Report – Virtually unchanged on both fronts
Employment in December was virtually unchanged (-4,300), as gains in full-time work were offset by losses in part time. The unemployment rate remained at 6.6%. Employment gains in 2014 amounted to 186,000 (+1.0%), with increases in the second half of the year accounting for most of the growth. Compared with 12 months earlier, the total number of hours worked increased by 0.7%. Chart 1 … Continue reading
US – Good signs for Job Report : Jobless Claims Drop and Private sector employment increased by 241,000 jobs says ADP
Fewer Americans filed for unemployment benefits last week as labor-market tightening compelled employers to hold on to seasonal hires. Jobless claims decreased by 4,000 to 294,000 in the week ended Jan. 3, the Labor Department said today in Washington. The median forecast of 45 economists surveyed by Bloomberg called for a decline to 290,000. Chosen … Continue reading
US – A major slowdown in real wage growth
[T]he data of figure 1 clearly document a major slowdown in real wage growth. It is largely the product of poor productivity performance over the past decade, but that may not be surprising in view of the enormous economic losses that were precipitated by the financial crises. Nor is it unprecedented if the ICT revolution … Continue reading
The Jobs Gap in US – With job growth at a healthy level of 300,000 a month, employment will be back at prerecession levels around the time of the 2016 election
After months of disappointing job reports, the country is finally seeing some promising numbers as the fragile recovery grows stronger. But a number of challenges continue to hold many poor and middle-class Americans back. Here are ten facts to keep in mind for 2015 and beyond. 1. Because the population and labor force are growing, … Continue reading
US – The trend employment-to-population ratio has been falling for over a decade Chicago Fed finds
The labor force participation (LFP) rate—the share of the working-age population that is either employed or jobless and actively looking for employment—has fallen from 66 percent at the beginning of the Great Recession in December 2007 to 62.7 percent in September 2014.1 To some, this decline suggests the possibility that there may be labor market … Continue reading
France – Unemployment reached a record high of 3.488 million people in November
Unemployment in France reached a record high of 3.488 million people in November, data released on Wednesday (24 December) shows. French unemployment is rising, but Spain and Greece fare worse (Photo: UNI La fédération de la droite dans l’éducation) The figures mark an increase of 27,400 jobless compared to the previous month and an increase … Continue reading
Canada – Top Jobs for 2015 by CareerBuilder and Economic Modeling Specialists Intl
Workers resolving to look for a new job or change careers in the New Year will have ample opportunities, depending on where they are looking. To help workers get an idea of which jobs are growing the fastest in which areas, CareerBuilder.ca and Economic Modeling Specialists Intl. looked at the jobs with the highest projected job … Continue reading
Coke – To cut up to 2,000 jobs soon
Coca-Cola Co (KO.N) plans to cut 1,000-2,000 jobs globally in the coming weeks, the Wall Street Journal reported, citing people familiar with the matter. The job cuts are part of Coke’s $3 billion cost-cutting program, which it announced in October after posting a 14 percent drop in third-quarter profit, according to the Journal. Job-cut notices … Continue reading
Halliburton – To cut 1,000 jobs
One of the largest oil service companies in the world scaled-back its workforce recently as prices remain stymied. Halliburton Co. announced it would cut 1,000 jobs amid falling oil prices. The layoffs will take place in Europe, Asia, Africa, the Middle East and Australia. No jobs in the Americas would be affected by the cuts. … Continue reading
Job Vacancies in Canada – Private sector vacancy rate is beginning to creep upward CFIB finds
After basically holding steady for the past two years, Canada’s private sector vacancy rate is beginning to creep upward. On a seasonally adjusted basis, 2.7 per cent of jobs lay vacant in these businesses—a tenth of a point higher than in the second quarter. Modest increases were seen in most business size categories. In total, … Continue reading
Greece – Unemployment falls to 25.7 pct in September
Greece’s jobless rate fell to 25.7 percent in September from a upwardly revised 26 percent rate in August as the country’s six-year recession eases, Greek statistics agency ELSTAT said on Thursday. September’s reading was the lowest since August 2012 when unemployment stood at 25.5 percent. The record high was set in September 2013, when unemployment … Continue reading
Australia – Unemployment rate in November at 12-year high
The unemployment rate has hit a 12-year high of 6.3%, fuelling talk of interest rate cuts in 2015. November’s figure is up from 6.2% the previous month despite the creation of 42,700 jobs, a figure nearly three times larger than economists were expecting. However, only 1,800 positions were full-time. The number of people looking for … Continue reading
Unemployment in Latin America and the Caribbean – Has continued to fall but will rise from 2015 says ILO
The International Labour Organization (ILO) today reported an unusual pattern in the urban unemployment rate in Latin America and the Caribbean during 2014, which continued to fall despite the economic slowdown. However, the Organization warned that slow growth has begun to impact the labour market. “There are warning signs,” said Elizabeth Tinoco, ILO Regional Director … Continue reading
Mining – Anglo American to cut about 60,000 jobs by 2017
Global miner Anglo American said on Tuesday it aimed to slim down its workforce and warned of a delay in reaching a key return on capital target due to weaker metal prices, putting its long-term revamp strategy in doubt.The company said by 2017 a programme of divestments and productivity improvements would leave it with around … Continue reading
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