Job Market Monitor
Employment
US / Government shutdown costs 120,000 jobs in October says President’s chief economic adviser s
The partial government shutdown this month trimmed 0.25 percentage point from fourth-quarter economic growth and cost the U.S. 120,000 jobs in October, President Barack Obama’s chief economic adviser said. An analysis of daily and weekly economic data through Oct. 12 showed weakness in such areas as retail sales, economic confidence and mortgage applications, some of … Continue reading
Poland / A country of cheap labour ?
That was the perception of a majority of CEOs of multinational corporations who were asked in a recent survey Continue reading
Germany / Record employment this year and next according to Economy Minister Philipp Roesler
Germany said Wednesday its robust economy would fuel record employment this year and next as well as boost consumer spending and industrial investment Continue reading
US / Total nonfarm payroll employment rose by only 148,000, before government shutdown
The BLS notes that ‘Over the year, the labor force participation rate has declined by 0.4 percentage point, while the employment-population ratio has changed little’. Those are not good news. Continue reading
Canada / Close to half of full-time college and university students are working
An overwhelming 96 per cent of postsecondary students hold jobs in the service sector Continue reading
Cleveland / The metro area that lost the most jobs in US for 4 months in a row
Four straight months and counting: Greater Cleveland yet again lost more jobs than any metro area in the country, the Labor Department reported Monday. In fact, the Cleveland-Elyria-Mentor metro area was the only one of the 37 large metro areas posting a decrease in employment between August 2012 and August 2013. Greater Cleveland lost 7,900 … Continue reading
Crowding out younger workers ? / Older workers do not squeeze out younger employees research finds
Despite popular belief and media reports, there\’s no evidence that older workers who stay on the job longer squeeze out opportunities for younger employees. That\’s the conclusion of a comprehensive analysis and paper prepared by the Center for Retirement Research (CRR) at Boston College. While there might be some instances of older employees crowding out … Continue reading
Economics 101 / Unemployment stats aren’t working
The unemployment rate is the result of millions of individual stories of finding and losing jobs Continue reading
Canada’s Job Market / A virtual hotbed of contradictions
On the one hand, employers and their associations claim there is a labour shortage. Yet 1.3 million workers are officially unemployed Continue reading
Ontario / Small-town struggles
Already towns and small cities all over the province — and beyond — have witnessed the decline of main industries, leading to closures of schools and churches as people go elsewhere for work. Small hospitals are on edge Continue reading
UK / Jobless claims drop by most since 1997, youth unemployment rate at 21%
U.K. jobless claims fell the most in 16 years last month as a wider measure of unemployment remained at 7.7 percent amid signs that the labor market is improving. Claims for unemployment benefit fell 41,700, the most since June 1997, the Office for National Statistics said in London today. The decline exceeded the 25,000 median … Continue reading
US / More Than 8,000 Healthcare Jobs Cut in September
For the third time in the last five months, healthcare had the most job cuts of any sector, with 8,128 reported layoffs in September, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas. Over the course of this year, healthcare organizations have cut 41,085 total jobs, according to Challenger, Gray & … Continue reading
From the fiscal cliff to sequestration / Cost about 900,000 jobs lost … and the potential for another recession
From the fiscal cliff to sequestration to the current shutdown debt ceiling debate: What\’s the cost of the U.S. government careening from crisis to crisis? About 900,000 jobs lost … and the potential for another recession. That’s the conclusion of a new report prepared by research firm Macroeconomic Advisers for the Peter G. Peterson Foundation. … Continue reading
Law Jobs in the US right now / 39,892 reports LawCrossing
News concerning law firm layoffs, the grim employment scenario for law school graduates and reduction in the hourly legal fees of attorneys had disappointed many legal career aspirants. But, the latest job search on LawCrosing.com offers a ray of hope to jobless law degree holders, looking for placements in the legal sector. The leading legal … Continue reading
Sweden / Unemployment rises again
Over 400,000 people remain out of work according to the latest unemployment figures released by the Swedish employment agency with Trollhättan on the west coast worst affected with a 15.7 rate compared to 8.5% nationally Continue reading
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