Job Market Monitor
Employment
The Ageing Workforce in Europe – A report from The Economist Intelligence Unit
Historically low birth rates and increasing life expectancy mean that Europe’s working population is ageing fast. In 2012, the continent reached an inevitable demographic tipping point. The percentage of the population at working age fell for the first time in 40 years. It is now forecast to fall every year until 2060. This inescapable trend … Continue reading
Jobs in US Tech-Sector – About 3.9 million workers, roughly 3% of the nation’s payroll workforce
To get a sense of the Web’s impact on employment, we analyzed data from the Occupational Employment Statistics program, a joint federal-state effort to catalog the structure and compensation of the nation’s workforce. The program sorts wage and salary workers into some 800 different occupations, from CEOs to short-order cooks. Twice a year, the program … Continue reading
Public and Private Sector Payroll Jobs under US Presidents – Carter, Reagan, Bush, Clinton, Bush and Obama
There are many differences between these periods. Overall employment was smaller in the ’80s, so a different comparison might be to look at the percentage change. Of course the participation rate was increasing in the ’80s (younger population and women joining the labor force), and the participation rate is declining now. But these graphs give … Continue reading
Job Entrepreneurs – Companies maximizing jobs over profits
What if the purpose of a company was to employ people? Instead of hiring enough people to make the greatest profit, it would make enough profit to hire the greatest number of people. Put simply, these “job entrepreneurs” maximize jobs instead of profits. There is a precedent in this. “Social entrepreneurs” seek to maximize purpose … Continue reading
The Apps Economy in Canada – To top 110,000 by 2019
The number of people employed in Canada’s apps economy has grown to over 64,000, and will top 110,000 by 2019, say analysts at the Information and Communications Technology Council (ICTC). The estimates and projections were released today in the Council’s second look at the red-hot Canadian mobile apps landscape, The Appification of Everything: Canada’s apps … Continue reading
New Grads in China – Government has encouraged self-employment
The Chinese government has encouraged self-employment in an attempt to foster new areas of growth to keep people in work. Chinese Premier Li Keqiang admitted that the employment situation is tough in his government work report delivered to the country’s top legislature last week. He said a record 7.27 million college graduates will be job … Continue reading
US / Why didn’t the severe weather put job growth in a deep freeze?
Mainly because of how the government counts company payrolls. The Labor Department calculates jobs by asking companies how many people they employed during the pay period that includes the 12th day of the month. If a company’s pay period is, say, every two weeks or twice a month, a staffer who worked just one day … Continue reading
Canada – A lost of 7 000 jobs last month and little overall employment growth in Canada since August 2013
Employment was little changed in February, and the unemployment rate remained at 7.0%. There has been little overall employment growth in Canada since August 2013. (JMM Editor: Indeed, a lost of 7 000 jobs last month) Compared with 12 months earlier, employment increased by 95,000 (+0.5%) and the unemployment rate was unchanged. Over the same period, the number of hours worked rose 0.7%. … Continue reading
Job Market in Canada – ‘Sputtered’ In 2013 says Chamber Of Commerce
Canada’s job market “sputtered” in 2013, says a new report that finds a majority of the net job creation last year involved part-time jobs, went to older workers and was concentrated in a single province. The report from the Canadian Chamber of Commerce found Canada added 0.6 per cent new jobs in 2013 — not … Continue reading
Canada – The economy has not created enough jobs says the Canadian Labour Congress
The Canadian Labour Congress (CLC) argues that while Statistics Canada’s approach may be accurate it is not detailed enough to convey the true landscape of the labour market. “The economy has not created enough jobs, and those that have been created are disproportionately precarious … more Canadians are unemployed, marginally attached, or simply not engaging … Continue reading
ADP and Gallup on US Jobs – Positive but weak job growth
Private-sector employers added 139,000 jobs last month, up from a revised 127,000 in January, but down from 205,000 in February 2013, according to ADP. Economists had forecast that private-sector hiring somewhat slowed down last month, with employers adding 160,000 jobs, compared with an originally estimated January increase of 175,000, according to a Dow Jones Newswires … Continue reading
“4G” workplaces in UK / Some of your colleagues are old enough to be your great-grandparents
Some of your colleagues are old enough to be your great-grandparents, your office is entirely online and your competitors are algorithms. Welcome to the future of work in the UK. A ground-breaking report on the future of work, published today, highlights the dramatic changes the UK’s workers can expect to see in the next two … Continue reading
UK / Hiring at fastest rate since 1998 according to Markit employment index
British companies hired staff at the fastest rate in 16 years in February, as growth in orders and broader economic recovery fuelled confidence. The Markit employment index, combining the latest PMI data from the services, manufacturing and construction sectors, rose to 56 in February from 55.7 in January. It was the highest since the combined … Continue reading
France – Hollande’s hiring targets in doubt
French unions and employers start talks on Friday over how to cut social charges weighing on companies, though both sides doubted the cuts could be linked to hiring targets as President Francois Hollande first promised. The government hopes the parties will agree by early April on the terms of Hollande’s so-called “responsibility pact”, which aims … Continue reading
US Job Market / A slow recovery reflecting slow growth in demand says CBO
The deep recession that began in December 2007, when the economy began to contract, and ended in June 2009, when the economy began to expand again, has had a lasting effect on the labor market. More than four and a half years after the end of the recession, employment has risen sluggishly—much more slowly than … Continue reading
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