Job Market Monitor
Vacation
Paid Vacation Time around the World (Infographic)
As summer approaches, many of us have vacation on our minds. We’re ready to get out of the office and head towards a tropical location with our family or friends. Though the thought of getting away is exciting, it’s also stressful to think about all the work (and possibly pay) we’re leaving behind. Did you … Continue reading
Full Employment – The case for Paid Vacation
If we can’t take steps to increase the demand for labor, we can go the other way and try to reduce the supply. Specifically, we can try to increase the number of people employed by reducing the average number of hours worked. That should not sound far out. This is exactly the route taken by … Continue reading
US – Employees are taking less vacation time today than at any point in the last four decades
In fact, in 2013 employees with available Paid Time Off (PTO) took an average of 16 days of vacation, compared to an average of 20 days in 2000. This is data from a recent report by the U.S Travel Association, conducted by Oxford Economics, which analyzes the impact of forfeited time off. The report’s analysis … Continue reading
Europe – 40% cant afford a vacation
Taking one week off from work per year is now considered a luxury for European workers.According to data from Eurostat, four out of ten EU citizens dont have the money to take one week off and spend it anywhere else than at home. The data also shows that even in the richer north, a major … Continue reading
US / Those working in the private sector are less likely to have paid vacation days than 20 years ago
Americans working in the private sector are less likely to have paid vacation days than was the case 20 years ago, according to a recent report from the Bureau of Labor Statistics. In 1992-93, 82 percent of American workers reported receiving paid vacation days. Today the share is down to 77 percent. The biggest declines … Continue reading
Europe vs US / On vacations, dead last
the United States ranks dead last among advanced countries in one category: vacations Continue reading
Vacation Around the World / United States Still a No-Vacation Nation
The United States is the only advanced economy that does not guarantee its workers any paid vacation time, according to a new review of international labor laws by the Center for Economic and Policy Research (CEPR). As a result, almost 1-in-4 Americans do not receive any paid vacation or paid holidays, trailing far behind most … Continue reading
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