Job Market Monitor
Employment
Canada Public Sector Jobs A Grotwh Factor Contrary To US
It’s no surprise that Canada’s economy is still managing to grind out jobs, although at a much slower space than earlier in the year, and that its closest neighbour and biggest trading partner continues to struggle to match that growth. But what is surprising is how Canada’s public sector carried the employment load last month, … Continue reading
How many more jobs would we have if the public sector hadn’t been shedding jobs for the last three years?
The most glaring weakness in the current recovery relative to previous ones is the unprecedented public-sector job loss seen over the last three years. The figure below shows that private sector job growth in the current recovery is close to that of the recovery following the early 1990s recession and is substantially stronger than the … Continue reading
Report – Too Much to Lose: Understanding and supporting Britain’s older workers
The report Too Much to Lose: Understanding and supporting Britain’s older workers by Matthew Tinsley published on policyexchange.org.uk examines the position of over-50s in the UK labour market. It outlines the large barriers to work that they face and highlights that the majority of these barriers remain unaddressed by government support. It argues that without reforms to address these issues, … Continue reading
Update 3 – US Job market loosing momentum : unemployment rate unchanged while nonfarm payroll employment is up in June (+80,000)
Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little over the month. Household Survey Data The number of unemployed persons (12.7 million) was essentially … Continue reading
Canada – Employment was little changed for the second consecutive month and the unemployment rate edged down to 7.2% in June
The lost in momentum in US on the job market might be hitting Canada. In June, employment was little changed for the second consecutive month and the unemployment rate edged down 0.1 percentage points to 7.2%, as fewer people searched for work. Compared with 12 months earlier, employment increased 1.0% or 181,000. At the same time, full-time work was up 222,000 (+1.6%), while part-time … Continue reading
US Job market loosing momentum : unemployment rate was unchanged at 8.2 percent while nonfarm payroll employment continued to edge up in June (+80,000)
Nonfarm payroll employment continued to edge up in June (+80,000), and the unemployment rate was unchanged at 8.2 percent, the U.S. Bureau of Labor Statistics reported today. Professional and business services added jobs, and employment in other major industries changed little over the month. Household Survey Data The number of unemployed persons (12.7 million) was essentially … Continue reading
Outsourcing comes with a wage penalty, at least in some occupations
“Outsourcing of labor services grew substantially during the 1980s and 1990s and was associated with lower wages, fewer benefits, and lower rates of unionization” write Arindrajit Dube and Ethan Kaplan in Does Outsourcing Reduce Wages in the LowWage Service Occupations? Evidence from Janitors and Guards on digitalcommons.ilr.cornell.edu The authors focus on two occupations for which they can identify outsourcing in … Continue reading
Europe – Employment – The EU-27 employment rate for the 20–64 age group dropped from an average of 70.4% in 2008 to 69.1% in 2009
The EU-27 employment rate for the 20–64 age group dropped from an average of 70.4% in 2008 to 69.1% in 2009, falling for the first time in the past five years and slipping away from the Europe 2020 target, set at 75%. Sources: Eurostat regional yearbook 2011 See also : Europe – Regional unemployment rates – From 2.5% in Salzburg … Continue reading
Europe – Regional unemployment rates – From 2.5% in Salzburg and Tirol to 30.4% in Andalucia
Regional unemployment rates varied widely across the 271 NUTS 2 regions of the EU27 in 2011, with the lowest rates recorded in the regions of Tirol and Salzburg (both 2.5%) in Austria, Zeeland (2.7%) in the Netherlands and Oberbayern (2.8%), Niederbayern (2.9%) and Freiburg (3.0%) in Germany, while the highest rates were registered in the regions of Andalucía (30.4%) and … Continue reading
Visual Portfolios Online
Name: Pathbrite Quick Pitch: Pathbrite offers students and young job seekers a way to present their accomplishments holistically online. Genius Idea: The digital platform lets users construct visual portfolios by pulling in representative pieces — pictures, links and published work — of themselves into one place. From online media to search, the web is becoming … Continue reading
With so few employers recruiting young people, might the reason be that some candidates simply aren’t good enough?
While the majority of employers are satisfied with their young recruits, a not insignificant minority are not. The next chart shows what proportion of employers (who have recruited a young person) have found their young recruits to be poorly prepared for a variety of reasons. The overwhelming factors are experience and attitude or motivation. Of … Continue reading
UK youth employment challenge – A Report
By comparison to other European countries, youth unemployment in UK is just below average at around 22%, but it is rising and has been rising since 2005. This suggests structural causes beyond the current economic situation: The labour market has been changing in ways that impact negatively on young people Recruitment practices make it increasingly … Continue reading
India – Factory output and hiring are up
Indian factories in June stepped up production and hired workers at the fastest rate in more than two years, but sagging demand abroad took a toll on growth in new export orders, a survey showed on Monday. The HSBC manufacturing Purchasing Managers’ Index (PMI) rose to 55.0 in June, a four-month high, from 54.8 in … Continue reading
US – Corporate Profits decreased $6.4 billion in the first quarter, a very bad news for private sector non-farm employment
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) , in contrast to an increase of $16.8 billion in the fourth quarter. Current-production cash flow (net cash flow with inventory valuation adjustment) — the internal funds available to corporations for investment — decreased $123.9 billion in the first quarter, in contrast … Continue reading
UK – Higher Education – The proportion of unemployed full-time first degree leavers reaches a high of 10% in 2008/09
In 2010/11 there were 224,045 full-time first degree graduates whose destinations were known, compared to 213,390 in 2009/10. In 2010/11, 63% (140,085) were in employment only and 9% (20,620) were assumed to be unemployed both showing no change since 2009/10. (See Table 1 and Chart 1.) In 2010/11, of the full-time first degree graduates whose … Continue reading
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