Job Market Monitor
Employment
US / Was NAFTA good for workers ?
The North American Free Trade Agreement (NATFA) was the door through which American workers were shoved into the neoliberal global labor market. By establishing the principle that U.S. corporations could relocate production elsewhere and sell back into the United States, NAFTA undercut the bargaining power of American workers, which had driven the expansion of the … Continue reading
US / For a Job Guarantee program (government as an “employer of last resort”)
More than five years after the fall of Lehman Brothers we are still dealing with the problem of high unemployment, the worst kind of “waste” in economic theory. Is there a better approach? A number of scholars, notably Professor Randy Wray of the University of Missouri-Kansas City, have long proposed a Job Guarantee program or … Continue reading
Canada / All the jobs created since a year were in the low-paying, economically insecure, sales and service occupations
From November 2012 until November 2013 economist Andrew Jackson reports that all the jobs created in Canada were in the low-paying, economically insecure, sales and service occupations. The CPC are the bad jobs party. An in-depth report done in 2013 by McMaster University and the United Way looked at how people living in the Greater … Continue reading
Car Makers in US / The federal bailout saved 1.5 million U.S. jobs a study finds
The federal bailout of General Motors Co, Chrysler and parts suppliers in 2009 saved 1.5 million U.S. jobs and preserved $105.3 billion in personal and social insurance tax collections, according to a study released on Monday. The Bush and Obama administrations loaned the auto industry, including GM and Chrysler, which is now controlled by Italy’s … Continue reading
Ireland / 1,000 new jobs as University of Limerick expands
About 1,000 jobs are expected to be created in Limerick over the next four years in a major expansion of the University of Limerick, part funded by the European Investment Bank. An estimated 700 of the jobs will be in construction and nearly 300 will be created on the existing campus as well as at a new campus … Continue reading
Daimler / 800 new IT-jobs inin India and Turkey
New SAP ‘Shared Service Centers’ are currently being developed in India and Turkey. Daimler IT is placing great emphasis on the skills of its own employees while expanding the facilities. In the new Shared Service Center,Daimler will create 800 new IT-jobs in Bangalore by 2015. Positive effects on IT suppliers and the IT sector in … Continue reading
UK / JCB creates 2,500 jobs
JCB has unveiled plans to create 2,500 jobs by 2018 in a boost to the government’s plans to create a sustainable recovery. The earthmoving equipment maker is to build two plants – replacing its facility at Rugeley – and expand operations at its Staffordshire headquarters under a £150m scheme unveiled on Friday. Chosen excerpts by … Continue reading
Canada Job Report / Employment up by 22,000, UR at 6.9% for the third month in a row
Employment continued on a slight upward trend for the third consecutive month, edging up 22,000 in November. The unemployment rate held steady at 6.9% for the third month in a row. So far this year, employment growth has averaged 13,400 per month, compared with an average of 25,400 over the same period in 2012. Chart 1 Employment Provincially, employment rose in Alberta and declined in … Continue reading
US Job Report / Total nonfarm payroll employment rose by 203,000 and UR down at 7.0%
Those are good news. But the employment-population ratio is lower than in was a year ago. This performance must be repeated for several months Continue reading
China / Grads encouraged to work in private firms
Statistics showed that applicants taking the civil servant exam this year totaled 1.52 million Continue reading
US / Government-financed jobs account for more than 25 percent of nonfarm payroll jobs in seven states
In 2012, public-sector employment made up more than 16 percent of the US labor market. Direct government employment fails to capture the full impact of government spending on state labor markets Continue reading
Obama’s Job Performance / Most Young People Are Unhappy
Young Americans are unhappy with virtually every major thing President Barack Obama has done since he was re-elected, but they would still vote for him today, according to the results of a Harvard University survey released on Wednesday. The national poll by Harvard’s Institute of Politics of more than 2,000 people aged 18 through 29 … Continue reading
Canada / The truth about job creation and unemployment
While Canada’s record in raw job creation is not bad (in our calculations, 2nd in the G-7 and 10th in the OECD), job creation alone is a misleading measure of the overall health of Canada’s job market Continue reading
US / No evidence that lowering taxes on corporate profits will lead to more job creation Center for Effective Government finds
22 of the 30 corporations that paid the highest tax rates (30 percent or more) on their reported profits created almost 200,000 jobs between 2008 and 2012. Only eight of the 30 firms paying high tax rates reported reducing the number of employees between 2008 and 2012 Continue reading
US / 215,000 private sector jobs added in November says ADP
U.S. private employers added 215,000 jobs in November, topping economists\’ expectations, a report by a payrolls processor showed on Wednesday, reinforcing expectations the Federal Reserve may soon begin to wind down its asset purchases. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 173,000 jobs. The high end … Continue reading
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