Job Market Monitor
Employment
Skills Gap in US – Skill shortages are not a significant factor impeding current employment growth research finds
Consistent with the view that much of current unemployment must be structural rather than cyclical in nature, even as unemployment has been slow to fall from its recent high level, a number of reports have cited short- ages of skilled workers as a significant barrier to business expansion. A 2011 report by Deloitte and the … Continue reading
Solar Jobs in US – Up 22% in 2014
U.S. solar companies boosted their employee rolls by 22 percent last year, and now employ 86 percent more workers than they did in 2010, driven by rising demand in the world’s third-largest market. Almost 174,000 people are working in the U.S. solar industry, compared with 143,000 in 2013 and 93,500 in 2010, according to a … Continue reading
BP – To cut 300 North Sea jobs
Energy giant BP said it was shedding 200 staff jobs and 100 contractors in its North Sea operations today following a sharp drop in oil prices. The company employs around 3,500 onshore and offshore workers in the North Sea operations, mainly in and around the oil hub city of Aberdeen in Scotland. Trevor Garlick, regional … Continue reading
US – Job Openings increase to highest level since 2001
Job openings climbed in November to the highest level in almost 14 years as the strengthening U.S. economy fueled demand for labor. The number of positions waiting to be filled rose by 142,000 to 4.97 million in November, the most since January 2001, a report from the Labor Department showed today. The pace of hiring … Continue reading
Ph.D.s in English – The job market may be even worse than people realize
As English professors and would-be English professors gather today in Vancouver for the annual meeting of the Modern Language Association, a new paper argues that the job market for English Ph.D.s may be even worse than people realize. MLA leaders make no claims that the job market is in good shape, and their recent survey … Continue reading
UK – Jaguar Land Rover to create 1,300 jobs
Jaguar Land Rover (JLR). Though it’s now owned by the Indian conglomerate Tata, JLR employs more than 30,000 people in the UK and is growing fast. Today it announced it’s set to take on 1,300 new staff at its Solihull plant, who will work on a new Jaguar ‘crossover’ SUV model, a 4×4 based on … Continue reading
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
Finding a Job in US – A marked improvement in the full-time finding rate over the last year Atlanta FED finds
if you were an unemployed prime-age individual (25–54 years old) or working PTER one year ago, what are you doing today? Have your chances of becoming employed full-time improved? Chart 1 shows the distribution of labor market outcomes of prime-age workers who were PTER one year earlier. Chart 2 shows the distribution of outcomes for … 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
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
Quality Job in US – Outlook back at pre-recession levels Gallup finds
The percentage of Americans saying now is a good time to find a quality job jumped to 36% in December, up six percentage points from November. This is by one point the highest percentage found since November 2007, prior to the start of the Great Recession. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
Youth in US – Uncertainty about job outcomes is a barrier to enrollment in postsecondary education FED finds
In 2013, the Federal Reserve Board’s Division of Consumer and Community Affairs began exploring the experiences and expectations of young Americans entering the labor market. Staff reviewed existing research and engaged external research and policy experts to identify the potential economic implications of these labor market trends on young workers. This initial exploration raised several … Continue reading
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