Job Market Monitor
Employment
Foreign-Owned Establishments in US Metro Areas – They employ some 5.6 million
Foreign-owned U.S. affiliates directly employ some 5.6 million workers spread across every sector of the economy. The number and share of U.S. workers employed in FOEs increased steadily through the 1990s before peaking in 2000 and then stagnating. The nation’s largest metro areas contain nearly three-quarters of all jobs in FOEs. Fully 74 percent of … Continue reading
ADP Job Report in US – Business Report and National Franchise Report will be issued together at 8:15 a.m. ET
ADP, a leading global provider of Human Capital Management solutions, will now issue the new ADP Small Business Report and the ADP National Franchise Report as separate monthly reports on the same day it issues the ADP National Employment Report. All three reports will be issued at 8:15 a.m. ET. This change will take effect … Continue reading
Post-Mining Australia – Standard of Living to drop 8 percent by 2030 Accenture says
Australia’s standard of living, defined as real GDP per capita, is in danger of declining by as much as 8 percent over the next 15 years unless the government addresses structural changes in the post-mining economy, the dislocation of jobs in several key industries, the employment skills gap and an aging workforce, according to a … Continue reading
Canada – Record level have been with the same employer for at least five years is now at a study finds
Job for life?Job stability isn’t a “thing of the past,” but rather is stronger now than ever before, a new report finds. Indeed, says the study by Canadian Imperial Bank of Commerce, the number of Canadians who have been with the same employer for at least five years is now at a record level. “The … Continue reading
Millennials in US – They struggle to find good jobs
According to a new survey by Business Insider and News To Live By, a Gen Y career advice destination, millennials continue to struggle to secure good-paying full-time jobs in line with their education levels. The survey of 548 millennials in the U.S., conducted by Survey Monkey in May, finds that 16% of millennials remained unemployed … Continue reading
Teenage employment in Australia – A crisis
Since February 2008, there have been 917 thousand net jobs added to the Australian economy but teenagers have lost a staggering 117.3 thousand over the same period. It is even more stark when you consider that 97.2 thousand full-time teenager jobs have been lost in net terms. Even in the traditionally, concentrated teenage segment – … Continue reading
US – Hours worked for the three underperforming sectors—manufacturing, construction, and information—remain well below their pre-Great Recession levels
The three charts show hours worked for the largest sectors in the economy, grouped by performance relative to pre-Great Recession levels. These data provide insight into current sources of slack in the labor market. The Great Recession took a severe toll on total hours worked across all of these sectors. Excluding the education and health services … Continue reading
US – The 2009 Recovery Act directly created and saved jobs primarily in government finds St. Louis Fed
Over one-half of the fiscal spending component of the American Recovery and Reinvestment Act ARRA; i.e., the Recovery Act was allocated via grants, loans, and contracts. Businesses, nonprofits, and nonfederal government agencies that received this type of stimulus funding were required to report the number of jobs directly created and saved as a result of … Continue reading
India – Exports need to jump to create jobs report says
Domestic value added DVA content and the employment intensity of India’s exports has been declining over time. To overcome this, a dramatic increase in the absolute size of exports was essential to match or exceed the spill-over effect of exports as seen in the past, suggested Crisil in a report published ahead of new export … Continue reading
Canada – 6.8 unemployed people for every job vacancy in March
Canadian businesses reported 206,000 job vacancies in March, down 17,000 compared with 12 months earlier. For every job vacancy, there were 6.8 unemployed people, up from 6.3 in March 2013, the result of fewer job vacancies. Unemployment-to-job vacancies ratio increases in Quebec and Saskatchewan In Quebec, there were 10.1 unemployed people for every job vacancy, up from 7.5 in March 2013, as there were fewer job vacancies in the province. Chosen … Continue reading
Canada – Weak job creation in Ontario, Quebec and Atlantic provinces is a big risk to the economy
Finance Minister Joe Oliver was warned in a meeting Monday with top Bay Street economists that Canadas economy is at risk unless there is more job creation in central and eastern Canada. One of those economists, Douglas Porter, chief economist at BMO Capital Markets, told reporters after their meeting with Oliver that Alberta alone has … Continue reading
Job Openings in US – Return to prerecession levels
The number of job openings in the U.S. economy climbed to the highest level in seven years, becoming the latest labor-market gauge to recover ground lost during the recession.Job openings rose to 4.5 million in April, according to the Labor Departments job-openings and labor-turnover survey. The rate of job openings rose to 3.1% in April … Continue reading
UK – The 18-64 year age employment rate is at a record high
The 18-64 year age employment rate is at a record high The labour market data continue to show an extraordinary mix of very strong job growth and falling real wages: The number of people in work rose by 345K (1.1%) QoQ and 780K (2.6% YoY) in Feb-April, the highest QoQ gain in employment since data … Continue reading
African Americans high unemployment rate – They don’t give up
The so-called recovery of the US economy has not been equally kind to everyone. Even as the unemployment rate has remained steady at 6.3% last month, the unemployment rate for African Americans, coming in at 11.5%, is currently more than twice as high as that for white Americans. Last month, the difference was even larger … Continue reading
Australia – Unemployment steady at 5.8%
Australia’s strong economic performance since the start of the year has failed to increase the number of people in work. The number of people in the workforce fell by 4,800 in May, figures released on Thursday showed, when economists were expecting an increase of 10,000. Although the number of full-time workers rose 22,200, it was … Continue reading
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