Job Market Monitor
Employment
US / In 2012 only 15 percent of black male teens and 49 percent of those 20 to 24 were working
These young men represent a tremendous pool of potential talent that deserves the opportunity to rise to greater heights in the labor market and overcome the barriers that constrained the progress of past generations. Continue reading
Brazil / Labor Market Begins To Cool
Higher wages and high demand for both skilled and non-skilled workers has kept unemployment at record lows of around 5.5%, but that trend may be drawing to a close Continue reading
US / Creating Jobs Is Key to Improving Economy survey finds
Job creation and hiring top Americans’ list of what federal gov’t, businesses can do As lawmakers in Washington focus on opening the government after the Oct. 1 partial shutdown, raising the debt limit, and debating the merits of the Affordable Care Act, Americans say creating jobs is the most important way for the federal government … Continue reading
Illinois / Losing over 130,000 manufacturing jobs in the past decade
It’s hard not to notice the disappearance of Illinois’ manufacturing sector. Anyone driving through the outskirts of Peoria can witness the closed buildings and half-abandoned neighborhoods. Cities all across Illinois have seen a similar story unfold. Illinois’ manufacturing base has been in decline, losing over 130,000 manufacturing jobs in the past decade. Chosen excerpts by … Continue reading
Canada / Unemployment rate declined to 6.9% as fewer youths searched for work
Employment was up 1.2% (+212,000) compared with 12 months earlier Continue reading
UK / 40,000 jobs available in admin
Over the next five years 600,000 people will be needed to fill existing roles as employees move on or retire. Getting into the sector is straightforward, whatever your age or background. Continue reading
Fed Nomination / Obama Praises Yellen
President Obama on Wednesday announced what he called perhaps his most important economic decision, nominating Janet L. Yellen to lead the Federal Reserve system and be his independent co-steward of the economy, calling her “one of the nation’s foremost economists and policy makers.” Ms. Yellen, 67, would be elevated from the Fed’s vice chairwoman to … Continue reading
Canada / Encourage Americans to head north and fill skilled positions says Conference Board
That’s the recommendation of a new that makes some interesting points while coming to what some may consider a controversial conclusion Continue reading
US / 25% of all new jobs since 2010 fall in the mid-wage range, 46% in the low
Middle-skill jobs are in the same camp as green jobs, STEM jobs, and other groups of occupations that garner lots of attention: They can be defined many ways, by many rubrics. Regardless of the definition, however, it’s clear that middle-skill, or middle-wage, jobs have been in decline for years. New research from the Federal Reserve indicates … Continue reading
Counterfeiting / 270,000 jobs lost
270,000 is the estimated figure of lost jobs in the last ten years worldwide. Of these, 125,000 were lost in the European Union. Continue reading
India / World Bank calls National Rural Employment Guarantee Act a stellar example
The World Development Report 2014 has described the Mahatma Gandhi National Rural Employment Guarantee Act as a “stellar example of rural development\”. At the heart of the World Bank’s endorsement is the direct cash transfer (to bank and postal savings accounts) component of the rural employment programme. NREGA has been described as the perfect example … Continue reading
US / The nonprofit sector employs nearly 18 times more workers than the nation’s utilities industry
A MAJOR ECONOMIC FORCE The data reported here confirm the enormous scale of the nonprofit workforce. U.S. nonprofit establishments employed nearly 10.7 million paid workers in 2010. This accounts for 10.1 percent of our nation’s total private employment and makes the U.S. nonprofit workforce the third largest among U.S. industries, behind only retail trade and … Continue reading
US / The End of the ‘Layoff’ as we knew it
The word layoff became a key part of the national economic vocabulary in the late 1970s and early 1980s, as factories shut down and workers were essentially told not to come in. It’s still used frequently in the business press, but now when you read “layoff” it’s most frequently a euphemism for workforce-cut. When Blackberry … Continue reading
Toronto / Its job market is hot
How does Toronto compare to the rest of the country in overall job growth? Toronto accounted for one in three of all jobs created in Canada between 2010 and 2013 thus far Continue reading
Canada / The job recovery isn’t producing enough to adequately absorb the natural expansion in labour force
U.S. Federal Reserve chairman Ben Bernanke often emphasizes that it is not good enough to have a growing economy; what is needed is sufficient growth to absorb the expanding labour force that naturally accompanies a growing population. Canada’s labour market is in better shape than America’s, but Mr. Bernanke’s point applies equally here, especially since … Continue reading
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