Job Market Monitor
Employment
UK – Number of employed rose by a record 345,000, to 30.5 million, most of which are in full-time employment
Comparing February to April 2014 with November 2013 to January 2014, there was a large increase in employment and a large fall in unemployment. There was a further fall in the number of economically inactive people aged from 16 to 64. These changes continue the general direction of movement over the past two years.There were … Continue reading
Foreign-born Workers in US – Unemployment rate at 6.9 percent in 2013, down from 8.1 percent
The unemployment rate for the foreign born in the United States was 6.9 percent in 2013, down from 8.1 percent in 2012, the U.S. Bureau of Labor Statistics reportedtoday. The jobless rate for the native born fell to 7.5 percent in 2013, also downfrom 8.1 percent in the prior year. Data on nativity are collected … Continue reading
Polarization in US – The declining prominence of middle-skill jobs
The number of people performing low-skill, low-pay, manual labor tasks has grown along with the number undertaking high-skill, high-pay, nonroutine, principally problem-solving jobs. Employment in the United States is becoming increasingly polar- ized, growing ever more con- centrated in the highest- and lowest-paying occupations and creating growing income inequality. The causes and consequences of this … Continue reading
Hiring in US – Fastest pace in almost 6 years
U.S. employers recently hiked their hiring to the fastest monthly pace in almost six years, a healthy sign for the U.S. labor market, according to government data released Tuesday morning. There were 4.71 million hires in April — the most since June 2008 – and up 6% from a year earlier and, according to the … Continue reading
Canada – Six of 10 provinces saw employment drop below year-ago levels
Looking deeper into last Friday’s jobs numbers, BMO’s Benjamin Reitzes says the Statistics Canada report “reinforced that the Alberta economy is in a league of its own. ”Employment in Alberta, home to Canada’s oil industry, has climbed 3.2 per cent over the course of a year, compared to just 0.1 per cent for the rest … Continue reading
Tourism in Egypt – A deteriorating job sector
Skilled tourism workers have abandoned the sector, and Egyptian hotels face considerable challenges in training new workers, according to Hussein Badran, adviser to the Ministry of Tourism for human resources development and training. The ratio of workers to rooms has dropped from 7.9 workers for every room to a single worker for each room, Badran … Continue reading
US – The Job Gap is still near 7.0 million
Furthermore, it is an utterly meaningless benchmark economically. Because the working-age population and with it, the potential labor force is growing all the time, we should have added millions of jobs over the last six-plus years just to hold steady. That means that when we get back to the prerecession employment level, there will still be a … Continue reading
US Job Market / Employment at All Time High – 2014 will be the best year since 1999
It is possible that 2014 will be the best year since 1999 for both total nonfarm and private sector employment. Also employment has reached another milestone: total employment is now 98,000 above the previous peak, and and at a new all time high in May. Of course the labor force has continued to increase over … Continue reading
May Canada Job Report 2014 – Employment up by 26,000 but UR increased to 7.0%
Employment edged up by 26,000 in May, driven by gains in part-time work. The unemployment rate increased 0.1 percentage points to 7.0% as there were more people in the labour market. Overall employment growth has been subdued since August 2013. In the 12 months to May, employment increased by 86,000 or 0.5%, with all the growth in part time. Over the same period, the number of … Continue reading
May US Job Report – Employment rose by 217,000, returning employment to its pre-recession level, and UR unchanged
Total nonfarm payroll employment rose by 217,000 in May, and the unemployment rate was unchanged at 6.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, health care and social assistance, food services and drinking places, and transportation and warehousing. Household Survey Data The unemployment rate held at … Continue reading
US – Gallup’s Job Creation Index reaches a new high
Gallups U.S. Job Creation Index reached a new high in its more than six-year trend, registering +27 in May. The prior high had been +26 in the initial monthly measurement of January 2008, just as the recession was taking hold. The index is based on employee reports of hiring activity at their places of employment. … Continue reading
Migrants accounted for 47% of the increase in the workforce in the United States and 70% in Europe over the past ten years says OECD
The economic impact of migration has been intensively studied but is still often driven by ill-informed perceptions, which, in turn, can lead to public antagonism towards migration. These negative views risk jeopardising efforts to adapt migration policies to the new economic and demographic challenges facing many countries. This edition of Migration Policy Debates looks at … Continue reading
India – Labour-intensive jobs need to grow
Growth for employment creation needs to be given priority over everything else. The number of voters has gone up by a hundred million between 2009 and 2014. In other words, something like 20 million people are entering the job market each year. Add to that the need to move employment from the agricultural to the … Continue reading
US – ADP Job Report in May: Private-sector employment increased by 179,000
Private-sector employment increased by 179,000 from April to May, on a seasonally adjusted basis. Chosen excerpts by Job Market Monitor. Read the whole story at ADP National Employment Report – May 2014 | NER. Private-sector job creation was weaker than expected in May U.S. businesses added more jobs in May, though not as many as economists anticipated–the latest sign … Continue reading
Immigrants in Canada – Things changed for arrivals in the 2000s: the entry earnings advantage decreased continuously Stat Can finds
A new study shows that the relative earnings advantage that university-educated immigrants have over their less-educated counterparts shortly after their arrival in Canada has narrowed over the last 30 years. However, university-educated immigrants continue to experience stronger earnings growth then their less-educated counterparts, with time spent in Canada and, hence, have higher earnings over the medium-term. This … Continue reading
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