Job Market Monitor
Employment
US – 74 percent of STEM grads are not employed in STEM occupations finds Census Bureau
The U.S. Census Bureau reported today that 74 percent of those who have a bachelor’s degree in science, technology, engineering and math — commonly referred to as STEM — are not employed in STEM occupations. In addition, men continue to be overrepresented in STEM, especially in computer and engineering occupations. About 86 percent of engineers … Continue reading
Canada – Employment was little changed in June, unemployment rate at 7.1%
Employment was little changed in June and the unemployment rate rose by 0.1 percentage points to 7.1% as more people were searching for work. Compared with 12 months earlier, employment increased by 72,000 or 0.4%. This was the lowest year-over-year growth rate since February 2010, when year-over-year employment growth resumed following the 2008-2009 labour market downturn. Chart 1 Employment Chart 2 Unemployment rate via The Daily — Labour Force Survey, June 2014.
US – Of 4 million job openings posted online, 2 million are for college graduates New Georgetown report finds
More than 80 percent of job openings for workers with a bachelor’s degree or better are posted online, compared to less than 50 percent of job openings for workers with less education*, according to a new report from the Georgetown University Center on Education and the Workforce. The report analyzes the demand for college talent … Continue reading
US – Near 6 out of ten of 2014′s new jobs pay higher than average
The U.S. is not just adding jobs at the fastest pace since the end of the Great Recession. Hiring is also more spread out and the new jobs pay better than in years past. As the chart below shows, more than half the jobs the economy has added so far this year are in positions … Continue reading
US – The Employment Situation in June as seen by The White House
KEY POINTS IN TODAY’S REPORT FROM THE BUREAU OF LABOR STATISTICS 1. The private sector has added 9.7 million jobs over 52 straight months of job growth. Today we learned that total nonfarm payroll employment rose by 288,000 in June, mainly reflecting a 262,000 increase in private employment, which is above the 203,000 per month … Continue reading
June US Job Report – Total nonfarm payroll employment increased by 288,000 and unemployment rate declined to 6.1 percent, the lowest since September 2008
Total nonfarm payroll employment increased by 288,000 in June, and the unemployment rate declined to 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by employment growth in professional and businessservices, retail trade, food services and drinking places, and health care. Household Survey Data In June, the unemployment rate … Continue reading
US – Private-sector employment increased by 281,000 says ADP Job Report for June 2014
Private-sector employment increased by 281,000 from May to June, on a seasonally adjusted basis. Chosen excerpts by Job Market Monitor. Read the whole story at ADP National Employment Report – June 2014 | NER.
Europe – Unemployment rate stable at 11.6% in May 2014, counting 5.187 million young unemployed
The euro area (EA18) seasonally-adjusted unemployment rate was 11.6% in May 2014, stable compared with April 2014, but down from 12.0% in May 2013. The EU28 unemployment rate was 10.3% in May 2014, down from 10.4% in April 2014, and from 10.9% in May 2013. These figures are published by Eurostat, the statistical office of … Continue reading
Big Data – A huge demand for talents
If you thought good plumbers and electricians were hard to find, try getting hold of a data scientist. The rapid growth of big data and analytics for use within businesses has created a huge demand for people capable of extracting knowledge from data. The McKinsey Global Institute, the business and economics research arm of McKinsey … Continue reading
US – The number of young workers aged 22-34 basically unchanged since 2007, but not for boomers
Call it the great job stagnation for millennials, and the late-career proliferation of baby boomers. The number of young workers aged 22-34 nationwide is basically unchanged since 2007, while the number of jobs for boomers 55-64 — fueled by mega population growth — has climbed 9% over that time, according to a new analysis from … Continue reading
Africa – To provide employment to 200 million people aged between 15-24
Approximately 1 billion people live in the world’s second-largest continent. Only Asia has more people but Africa now has the fastest growing population. If current trends continue, the number of Africans will rise to 1.4 billion in 2025 and to 1.9 billion in 2050. A third of the babies born in the world will be … Continue reading
Europe – Lower skilled workers face increasing difficulties to find a job
Low-skilled workers encounter increasing difficulties to find a job, face lower job stability and are out-competed by medium-skilled workers even in elementary occupations. In contrast, job opportunities are growing in some high-skilled professions. These are the main findings of the European Vacancy and Recruitment Report 2014 published today. The report also highlights the increase in … Continue reading
iPhone 6 – 100,000 new jobs in China
Chinese manufacturing powerhouse Foxconn is preparing to assemble stuff like its never assembled stuff before, with reports from China suggesting the companys vast network of facilities may be employing an extra 100,000 workers to handle the logistics of making millions of iPhone 6s over the coming months. via iPhone 6 Production Explosion Creates 100,000 New … Continue reading
US- 5 years after the Great Recession
The economy reached another milestone last month: All 8.7 million jobs lost in 2008 and 2009 have now been regained. But while the nations payrolls are back to their previous high, they havent kept pace with growth in the working-age population over the last few years. Moreover, many of the jobs lost have been replaced … Continue reading
Canada – Aging population could have a positive effect on the labour market outcomes of youth research finds
Post-recession it is common to hear concerns that youth, facing high unemployment rates, are unable to find good job opportunities. Historically, youth have experienced higher unemployment rates than older workers. In the context of an aging workforce dominated by the baby boom generation and delayed retirement, there appears a general concern that older workers are … Continue reading
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