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Canada-US Labour Productivity Gap – The top 10% of the income distribution accounts for two-thirds
Gross domestic product (GDP) per adult in Canada fluctuated between 70% and 90% of that of the United States between 1960 and 2020. Behind this gap lie large, systematic differences in relative incomes across the Canadian and US income distributions. There are small differences in average incomes among lower percentiles of the income distribution while … Continue reading
Gender Higher Education Gap – A faster growth among women in participation but predominantly in the fields of education, and health and welfare
• The last few decades have been marked by faster growth among women in participation in higher education than among men, which has reversed gender inequalities in tertiary attainment in almost all OECD and partner countries. On average across OECD countries, 51% of 25-34 year-old women held a tertiary degree in 2017, compared to 38% of … Continue reading
Gap – To cut 250 jobs at headquarters
Apparel retailer Gap Inc said it would close 175 Gap stores in North America, including 140 this year, and cut about 250 jobs at its headquarters. The company has been struggling with a persistent slump in sales at its namesake brand. Chosen excerpts by Job Market Monitor. Read the whole story at REFILE-Gap to close 175 stores, … Continue reading
Economists may be too optimistic about the recovery path of output following recessions says FRB analysis
The economic collapse in the wake of the global financial crises (GFC) and the weaker-than-expected recovery in many countries have led to questions about the impact of severe downturns on economic potential. Indeed, for several major economies, the level of output is nowhere near returning to pre-crisis trend (figure 1). Such developments have resulted in … Continue reading
Kentucky / Gap cuts 350 jobs at distribution centers
Gap Inc. plans to close two facilities in Northern Kentucky as part of a move to streamline the distribution system for the San Francisco-based retailer, according to the Cincinnati Business Courier. The move will impact about 350 workers. Choosen excerpts by Job Market Monitor from via Gap to close distribution centers, cut 350 jobs – … Continue reading
US household income falls as gap between rich and poor widens
State and local governments have run out of funds from the 2009 stimulus package that helped balance their budgets and are now having to cut jobs, said Sheldon Danziger, director of the University of Michigan’s Gerald R. Ford School of Public Policy’s http://business.financialpost.com/2012/09/12/u-s-household-income-falls-as-gap-between-rich-and-poor-widens/
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