Job Market Monitor
Employment
U.S. | From Unemployment Insurance to Employment Insurance
Pennsylvania millionaire Gene Epstein’s Hire Just One project proposes redirecting unemployment checks to employers as a payroll subsidy reports Newsy. via Newsy | Philanthropist Pitches Jobs Plan to Congress | Multisource Video News Analysis.
Job Report | There is more work to be done says the White House | Bernanke is Right
The Employment Situation in March | The White House There is more work to be done, but today’s employment report provides further evidence that the economy is continuing to recover from the worst economic downturn since the Great Depression. It is critical that we continue to make smart investments that strengthen our economy and lay a … Continue reading
Older workers | Productivity : Average age-productivity profile of individual workers is increasing until age 65
“Older workers are often thought to be less productive” write Axel Börsch-Supan and Matthias Weiss in PRODUCTIVITY AND AGE: EVIDENCE FROM WORK TEAMS AT THE ASSEMBLY LINE published on mea.uni-mannheim.de. “This impression is widespread and implicit in many discussions about aging, even in our economic textbooks. Often regarded as an established fact, it has profound implications for personnel … Continue reading
Employability | Microsoft | US : Elevate America report offers lessons on employability
Microsoft’s Elevate America programs focus on “providing technology skills training, and resources to help people find employment.” reports Andrea L. Taylor Director of Community Affairs in North America, Microsoft on blogs.technet.com. The programs includes those initiatives: A veterans initiative helps U.S. veterans to transition from military to civilian employment. A community initiative focuses on working in … Continue reading
Technical and vocational education (TVE) | The what, the how much, the when & the who
Here are some statements extracted from a World Bank report by Arvil V. Adams entitled The Role of Youth Skills Development in the Transition to Work: A Global Review (2007) on commonly asked questions. A kind of reminder. Does TVE payoff? TVE does payoff under the right conditions. Evidence shows that TVE is more effective when focused … Continue reading
The effects of firm sponsored training for low skilled workers is very positive
“Very few papers exist that focus on firm sponsored training for low skilled workers” writes Ruud Gerards in his preliminary version of his paper. He uses “company data, which is especially rare considering the focus on low skilled workers. Second, they span up to 16 years of wage, job promotion and job performance information for … Continue reading
Employability : what does it mean ?
The Centre for Employment Studies Research – CESR’s Review present in its January issue (downloadable), Nick Wilton which deciphers for his reader the different meaning of employability. “The term ‘employability’ has gradually permeated the national consciousness, increasingly used across a variety of policy areas including higher education, social welfare and public finance. However, despite its … Continue reading
Recruiting | Europe | Social media cannot yet compete with existing recruitment channels
Social media are more and more used for recruitment. But some recruiters are still doubtful. The debate is hot. Hard facts are needed. StepStone recently carried out a survey to collect information and statistics about this increasingly popular use . The key findings (extracted from the report) Organisations use social media mainly for recruitment About … Continue reading
Vocational Certificates and College Degrees | The employment benefits – a reminder of old results
A research published in 1999 and funded in part by the U.S. Department of Education, compares the various credentials, their benefits in relation to employment, and their role in the lifelong learning patterns of career-focused individuals. Key points Studies verify that education beyond high school results in higher earnings. (a 5-15% rate of return in … Continue reading
U.S. | Businesses add a disappointing 120,000 jobs in March
U.S. | BLS Commissioner’s Statement on the Employment Situation (Adapted excerpts by Lab Market Monitor) Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate, at 8.2 percent, changed little. Over the prior 3 months, nonfarm job growth had averaged 246,000 per month. Since a recent low point in February 2010, payroll employment has … Continue reading
Who loses in the Great Recession? Those groups who lost in the recessions of the 1980s
“The labor market decline during Great Recession and its aftermath has been both deeper and longer than the early 1980s recession—indeed, the longest and deepest since the Great Depression” write Hilary Hoynes, Douglas L. Miller, and Jessamyn Schaller in Who Suffers During Recessions? published on econ.ucdavis.edu. (Adapted excerpts by Job Market Monitor follow) The labor market effects of the Great … Continue reading
Low wage and income workers are both less likely to receive employer benefits and less likely to receive public benefits
“Three decades of stagnating earnings for bottom deciles of male wage earners and 1990s anti-poverty policies promoting employment among poor single mothers suggest increases in the ranks of low-wage breadwinners living in low-income households. Low-wage workers often get few employer sponsored benefits, while antipoverty programs target poor non-earners; these factors suggest low-wage and lowincome workers … Continue reading
U.S. | Who is really creating job ?
For the last four decades, U.S. corporations have been sinking our economy through the off-shoring of jobs, the squeezing of wages, and a magician’s hat full of bluffs and tricks designed to extort subsidies and sweetheart deals from local and state governments that often result in mass layoffs and empty treasuries. We keep hearing that … Continue reading
Canada | Labour Market roars back in March
Following four months of little change, employment increased by 82,000 in March, mostly in full-time work. This brought the unemployment rate down 0.2 percentage points to 7.2%. Compared with 12 months earlier, employment was up 1.1% or 197,000. Almost all of this growth was in full-time employment, up 181,000 (+1.3%), while part-time employment edged up. The total number of hours worked rose 1.6% over the same period. … Continue reading
U.S. | Odds of finding a job decreases substantially with the length of time spent searching
“The length of time the jobless spent searching for work before finding a job increased from 5.2 to 10.4 weeks between 2007 and 2010, edging down to 10.0 in 2011; for the unemployed who eventually quit lookingand left the labor force, duration also increased sharply between 2007 and 2011, from 8.7 to 21.4 weeks” write Randy E. … Continue reading
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