Economists question new August job numbers after last month's botched effort
Canada's economy unexpectedly shed jobs in August due to heavy losses in the private sector, raising the eyebrows of economists who widely expected a modest gain in Statistics Canada's flagship monthly report. A whopping loss of 112,000 jobs in the private sector was only partly offset by more people turning to self-employment and the continued delivery of jobs in the public sector. Statistics ...
Canada loses 11,000 jobs in August
The Canadian economy shed 11,000 jobs in August but the unemployment rate stayed the same at seven per cent, Statistics Canada reported Friday. The consensus was that the economy would eke out a slight gain of about 10,000 jobs. The data agency said fewer youths and women in their core working years had jobs, but employment increased among men in their core working years — 25 to 54.
'Youth and jobs' focus of SAP's latest investments in NZ
By directly supporting one of New Zealand’s most esteemed youth-oriented not-for-profits, SAP New Zealand aims to address challenges around youth unemployment and further bolster interest in science, technology, engineering and mathematics (STEM) among young people. The global leader in enterprise software today announced its intent to invest NZD $50,000 annually in Foundation for Youth ...
Gloomy Canada jobs report shows economy still not at full speed
By David Ljunggren and Randall Palmer OTTAWA (Reuters) - The Canadian economy unexpectedly lost 11,000 jobs in August from July, and the number of private-sector employees fell sharply in another sign that the economy is still struggling to regain full speed. Statistics Canada said on Friday that the unemployment rate had remained at 7.0 percent. The Bank of Canada says it will not raise ...
Self-Employment 'Is A Ticking Time Bomb'
The rise of self-employed workers risks a 'pension ticking time bomb' for blue collar workers, a union has warned.
Canadian economy loses unexpectedly loses 11,000 jobs in August
The Canadian economy unexpectedly lost a net 11,000 jobs in August from July as well as a whopping 111,800 positions from the private sector, Statistics Canada data indicated on Friday. Full-time jobs dropped by 2,300 from July while part-time jobs decreased by 8,700. The labor participation rate - of particular interest to the Bank of Canada - slipped to 66.0 percent, the lowest since November ...
G20 warns employment to struggle without coordinated response
Some of the world's most powerful economic bodies are demanding tough action from G20 leaders to avoid a global unemployment crisis.
UK Under-Employment Jumps by '93,000' Over Last Two Years
Under-employment in the UK has jumped by 93,000 over the last two years, according to the Trades Union Congress (TUC). "With more jobs being created, you'd expect that under-employment would be on the wane too," said Frances O'Grady, the general secretary of the TUC.
Split views on robots' employment benefit
Experts are divided on their predictions of what robots will mean for humans. Some foresee chronic unemployment but others expect little change.
Under-employment 'stubbornly high'
More people than ever are looking for extra working hours to make ends meet amid a huge increase in under-employment, according to a new report.