Job Market Monitor
Employment
Job Report in US, July 2017 – Employment increased by 209,000
Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care. Household Survey Data Both the unemployment rate, at 4.3 percent, and the number … Continue reading
Job Report in Canada, July 2017 – Little change in employment and unemployment declines to 6.3%
Following two months of notable increases, employment was little changed in July (+11,000 or +0.1%). As the number of people searching for work edged down, the unemployment rate declined by 0.2 percentage points to 6.3%. This is the lowest rate since October 2008, just prior to the onset of the 2008-2009 labour market downturn. In the 12 months to July, employment rose by 388,000 (+2.1%), mostly … Continue reading
Zero-Hours Contracts in UK – Around 1.7 million working and another 1.9 million do not provide work
The expression “zero-hours contract” is a colloquial term for a contract of service under which the worker is not guaranteed work and is paid only for work carried out. It generally leads to “a form of working where the worker is not guaranteed any work but has to be available as and when the employer … Continue reading
Grads in France – They obtain on average about 82% of their potential earnings after three years
It is no longer the norm for an individual leaving full-time education in France to obtain a job on a standard employment contract. Typically a young person will spend a number of years moving between fixed-term contracts, special employment measures and, in some cases, unemployment1. However young persons do not remain young, and at some … Continue reading
Gen Z in US – New college graduates wanting to work for large companies
As the first crop of Gen Z talent joins the future workforce, new grads hold traditional work values with a digital spin. For the first time in years, there is an uptick in the number of new college graduates wanting to work for large companies. They are willing to commit and ready to roll up … Continue reading
The Fed’s Report to the Congress, July 12, 2017 – The labor market has continued to strengthen
Semiannual Monetary Policy Report to the Congress (July 12, 2017) Chair Janet L. Yellen (Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C.) Chairman Hensarling, Ranking Member Waters, and other members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. In my remarks … Continue reading
Job Report in UK, March to May 2017 – The unemployment rate at 4.5%, the lowest since 1975
The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.5%, down from 4.9% for a year earlier and the lowest since 1975. Estimates from the Labour Force Survey show that, between December 2016 to February 2017 and March to May 2017, the number of people in work increased, … Continue reading
Long-Term Unemployed – A signal of lower motivation leading to lower hiring chances
Recent evidence from large-scale field experiments has shown that employers use job candidates’ unemployment duration as a sorting criterion. In the present study, we investigate the mechanisms underlying this pattern. To this end, we conduct a lab experiment in which participants make hiring decisions concerning fictitious job candidates with diverging unemployment durations. In addition, these … Continue reading
Job Report in US, June 2017 – Employment increased by 222,000 and unemployment little changed at 4.4 percent while labor force increased
Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, social assistance, financial activities, and mining. Household Survey Data In June, the unemployment rate, at 4.4 percent, and the number of unemployed persons, … Continue reading
Job Report in Canada, June 2017 – Employment rose by 45,000 in June, mostly in part-time work
Employment rose by 45,000 in June, mostly in part-time work. The unemployment rate was 6.5%, down 0.1 percentage points from the previous month. Compared with 12 months earlier, there were 351,000 (+1.9%) more people employed. Most of the growth was in full-time work (+248,000 or +1.7%), while part-time employment was also up (+103,000 or +3.0%). The total number of hours worked increased 1.4% over this period. In … Continue reading
US – Americans have increasingly positive perceptions of the job market and what it offers
Americans have increasingly positive perceptions of the job market and what it offers. In 2012, an average of 19% of people said it was a good time to find a quality job. For the first three quarters of 2016, an average of 42% said the same. Among those in the labor force (employed, unemployed or … Continue reading
Italy – 85,000 people applied for 30 jobs at a bank
Italy’s chronic unemployment problem has been thrown into sharp relief after 85,000 people applied for 30 jobs at a bank – nearly 3,000 candidates for each post. With youth unemployment nudging close to 40 per cent and the overall level at 11 per cent, steady jobs are in great demand. But even the managers at … Continue reading
Higher Education and Job in India – 27 Grads for each new job
The discourse on jobs has captured popular imagination in recent months. The availability of reliable data on employment in India, on the other hand, has always been sparse but we have culled out data from various government surveys (Labour Bureau, National Sample Surveys), from the Central Bank, the IT industry body and others to arrive … Continue reading
Digital Revolution – More than 90% of employers expect their organization to be impacted Manpower Group finds
Plenty has been written predicting the future: more jobs, different jobs, less jobs, even no jobs. But few are telling people that they will need new skills and they will need them more often to stay employable for jobs we may not even have heard of yet. WE ASKED 18,000 EMPLOYERS IN 43 COUNTRIES ABOUT: … Continue reading
PhDs’ Early Career in France – Eight career trajectories
For those who obtained their PhDs in 2010, research remains the main opening. If they embark on careers in public-sector research, their trajectories during the first five years of their working lives are synonymous with periods of temporary employment of varying lengths. These trajectories contrast sharply with those of PhDs who seek employment in the … Continue reading
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