Group items tagged

Canadian blog post -commenting on European influence over Cad economy -comparison of European and Canadian employment performance -see graph comparing Statistics Canada and ECB data

The best employment strategy is to let the market forces work, without direct intervention so that labour shortages (low paying jobs) are reflected in rising wage rates.

Union Benefits: More likely that employer partially sponsors retirement plan More likely to be covered by employer provided health insurance  Unions Bargain power & voice collective opinions 

Government intervention: providing training programs and assisting those who are not skilled to break barriers to employment 

Topic: Employment in the US The article titled "Why the March Jobs Report May be Misleading" pertains to the March employment report in the United States. The report is said to be much weaker than had anticipated. Although there have been employment gains, those gains are said to be non-sustainable. On the flip side of things the report could be inaccurate due to many factors (i.e sampling errors). The only way to legitimize the current statistics is to wait for next months employment report.

This article describes the reasons why it is more difficult for workers to find work when they have been unemployed for a long time

Topic: Employment (esp. about structural unemployment) Employers prefer to hire highly qualified employees who do not need any additional training, but many workers simply don't have the qualifications (because they have skills suited for other jobs). This results in a market failure where workers have trouble finding jobs, and employers have trouble finding workers.

Canada was almost fully employed in 2008, right before the recession. Ottawa officials say that this will not be the situation in the job market until 2016. The report predicts Canada's economy will grow 2.3 per cent this year and average 2.7 per cent over the next four years. Article also states that as Baby Boomers retire, employers are expected to have a harder time hiring. However, this circumstance may be balanced out by Canadians delaying retirement, as well as an increase in immigration and women in the workforce.

The highest unemployment rates in Alberta's booming economy are in the most populated cities. The increase in job opportunities has many getting back into the market to look for employment. Workers are inclined to looking for jobs in the larger cities, but an increase in the number of individuals seeking employment has pushed the unemployment rates up in major cities.

Topic: Unemployment - Manufacturing is causing a decline in the unemployment rate. Although it is adding some jobs, some employers are still not confident enough in the economy to add many more employees  - Jobs are being created in professional, business, and service sector. However, the problem is that they are temporary jobs 

Topic: Employment/ Unemployment Many people are not qualified for employment insurance because they are self-employed, temporary workers, or are new workers with almost no job histories. There should be a temporary unemployment assistance to help these people.

Economics blog by E. Frank Stephenson, May 10th -American blogger commenting on the WSJ's article "Unemployment Rate Without Government Cuts: 7.1%" -criticism of argument   

- Lockout: when an employer refuses to let employees work - Used frequently in the 1880s and 1890s - Can lead to the replacement of striking workers

The possibility of having one's job outsourced, is a daunting one. Thus, workers that feel there is a chance their job may be outsourced have a minimal sense of job security. In addition, their performance is usually less productive and efficient. This decline in worker performance leads to even more outsourcing by the employers. Outsourcing is a viscous cycle that leaves the domestic workers worried, uncommitted and unproductive.

Individual Costs: - When people lose their jobs, their standard of living drops because even with government assistance and employment benefits, they are getting barely 50% of what they were making  -Erosion of skills occurs when people are unemployed for prolonged period of times. (useful talents go to waste) -Unemployment discourages people from getting an education and providing an education to their children Societal Costs: -Studies show higher unemployment rate lead to a higher crime rate Cost to Country: -High costs to government to provide: Unemployment benefits. ,medicare, food assistance  - Huge tax cuts because less people are making enough money to pay taxes. Government does have as much tax assistance coming in, yet they are paying more for assistance 

Topic: Employment The unemployment rate in the U.S. has been dropping due to fewer layoffs. However, the hiring rate has not improved much since the recession. To achieve a faster recovery in the labour market, it is essential for the hiring rate to rise.

Topic: Outsourcing & Unemployment -America has been outsourcing jobs to India an China. Countries that can provide cheaper labor.  -Policymakers: think its time to bring manufacturing back into America to make more jobs and prevent people with manufacturing jobs to lose their jobs  - Manufacturing jobs outsourced, and a new stream of IT jobs are devloped. Innovations will keep cutting the number of jobs needed in manufacturing - new "high skill manufacturing jobs" require higher education -But for people to sustain recession these jobs need to be brought back - For people unskilled, there is a low level of Employability