Job Market Monitor
Economy
Canada – The job market is on a weakening trend
Canadian Prime Minister Stephen Harper may be losing one of his political trump cards — his record on the economy — just when he needs it most. Canada’s job growth, among the strongest in the industrialized world after the global recession, has slowed by about half one year before the country’s next election, even as … Continue reading
Sears – Report of layoffs by Seeking Alpha disputed
A published report Thursday said Sears Holdings is laying off about 6,000 workers as it closes 110 stores within the next few months, many before Christmas, according to Seeking Alpha, a content service for financial markets… Spokesman Howard Riefs said “the reported store count and list of closures isn’t accurate.” He specified that one of … Continue reading
UK – Long-term unemployed shouldn’t be treated as a different category when assessing the level of slack in the labour market research finds
The extent of labor market slack in the UK economy is an ongoing question given the recent unexpectedly rapid fall in the unemployment rate. In the latest data release for February–April, which is referred to as March 2014, it was 6.6 percent, down from 7.9 percent in May 2010 and 7.8 percent in March 2013. … Continue reading
Canada – 6.2 unemployed people for every job vacancy in July 2014
In July, there were 223,000 job vacancies among Canadian businesses, relatively unchanged compared with July 2013. There were 6.2 unemployed people for every job vacancy, little changed from 12 months earlier. The national job vacancy rate was 1.5% in July, similar to the rate observed a year earlier. via The Daily — Job vacancies in brief, three-month average ending in July 2014.
Canada – The top-ranked entrepreneurial communities in 2014
Historically, and for a variety of reasons, CFIB has found entrepreneurial characteristics to be strongest in Canada’s prairie cities and the urban areas that ring large urban cores. What they have in common is ‘newness’—the prairie economies have only been developed in the past 150 years or so. Only a few generations separate today’s urban … Continue reading
US – Female self-employment shows positive shift in opportunities finds BLS
New trends in female self-employment suggest a positive shift in opportunities for women, especially for those who differ from the “typical” self-employed women of the past. For instance, the percentage of female minorities in self-employment doubled from 1993 to 2012, and more divorced women and women without young children have become self-employed. Earnings trends have … Continue reading
Australia – Labor market remained subdued but had stabilized somewhat this year says RBA
Australia’s central bank said the labor market remained subdued but had stabilized somewhat this year, adding it had based its assessment on a range of data given the volatility in the official labor force survey.In minutes of its Oct 7 policy meeting, the Reserve Bank of Australia (RBA) also reiterated that the most prudent course … Continue reading
Spain – Unemployment lowest since 2011
Spain’s unemployment rate fell to the lowest since the end of 2011 in the third quarter as its economy turned into one of the fastest-growing in the euro region. Joblessness fell to 23.7 percent in the three months through September from 24.5 percent in the previous quarter, Spain’s national statistics institute INE said in Madrid … Continue reading
EU – An ambitious climate and energy package to create jobs and support businesses is needed says unions and corporate leaders
Leader of European Trade Union Confederation joins major brands, including Philips and Shell, calling for ambitious climate and energy package to create jobs and support businesses. Nearly a million potential jobs will be lost if EU leaders fail to agree strong climate and energy targets at a summit starting on Thursday, according to the head … Continue reading
Sweden – To stop attacking the unemployed and instead attack unemployment
Sweden’s new government is targeting a “paradigm” shift for job creation in the largest Nordic economy as it raises spending and scrapped plans for reaching the surplus target. The new Social Democratic-led government today unveiled plans to spend almost 20 billion kronor ($2.7 billion) over the next two years to cut Scandinavia’s highest unemployment rate. … Continue reading
US – A good time to find a quality job says 31% in Gallup’s survey
About three in 10 Americans say now is a good time to find a quality job, essentially unchanged from September. The percentage of U.S. adults who say it is a good time to find a job remains at one of the highest levels measured since the 2008 financial crisis. Although the 31% of Americans with … Continue reading
Monetary Policy in US – Underutilization of labor worse than the official statistics suggest
Federal Reserve policy makers are missing a key element as they assess the health of the labor market: data that includes whether those who are employed are overqualified for their job or would like to work more hours. As a result, the “significant underutilization of labor resources” that Fed officials highlighted last month as they … Continue reading
Unemployment in US – The largest drop in the rate between a presidential and midterm elections on records
Midterm elections often end up serving as a referendum on the president’s performance. Given this, I’ve been surprised not to hear Democrats more aggressively trumpeting the improving economy. After all, the unemployment rate has fallen by two percentage points since the last election, and at 5.9 percentage points it is far lower than many had … Continue reading
Job Report in US – Total nonfarm payroll employment increased by 248,000 in September and unemployment down at 5.9 percent
Total nonfarm payroll employment increased by 248,000 in September, and the unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care. Household Survey Data In September, the unemployment rate declined by 0.2 percentage point to 5.9 percent. The number … Continue reading
ADP Job Report in US – Private sector employment increased by 213,000 jobs from August to September
Private sector employment increased by 213,000 jobs from August to September according to the September ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, … Continue reading
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