Unemployment rate rises to 7.1% as Ontario hit by significant job losses
The economy's capacity to generate meaningful job growth continued to fall short of expectations last month — particularly in Ontario — as employment fell by 9,400 nationally and by 33,900 in the country's most populous province. The weak jobs report from Statistics Canada on Friday defied expectations of a sizable employment gain for the month, and markets reacted by shaving almost half a cent ...
Millennials vs. Robots—Who Will Win the Jobs?
Joining the workforce in the age of pizza-delivering drones and self-driving cars is easier said than done, especially for millennials. Available jobs are increasingly going to equally qualified applicants, the types that were once just a thing of Hollywood movies-- robots. Consider the irony: Millennials are coming of age in a world where the one thing they understand better than any other ...
Economy: Weakest Pay Growth For Five Years
The Office for National Statistics' (ONS) latest monthly update on jobs and pay showed an improving picture for employment, with the jobless rate falling to 6.5% in May, but highlighted a deteriorating picture on pay growth despite the improving economy. The ONS said the figure continued to be affected by comparisons with the same month last year, when many companies delayed paying bonus awards ...
Government hails record employment
The Government has hailed an "important milestone" after figures showed record employment and another huge fall in the numbers out of work.
Self-Congratulation in Congress Does Little for the Jobless
It’s come to this in Washington: Five years into a painfully slow economic recovery that has left millions of Americans jobless and tens of millions more struggling to get by, the leaders of both parties in the House of Representatives last week staged a “signing ceremony” and congratulated each other for passing a non-controversial bill to improve federal job training programs. “It shows we can ...
UK Employment Rate Hits Record High but Pay Decline Worsens
Employment is at an all-time high in the UK and unemployment continues to fall, but wage growth is weakening despite the wider economic recovery. The Office for National Statistics (ONS) said the UK employment rate hit 73.1% in March to May 2014, the highest rate on record. The unemployment rate dropped to 6.5% over the same period, from 6.9% before. "It's good to see unemployment falling, but ...
Labor market programs provided for the disadvantaged sectors
The government's active labor market programs (ALMPs) have provided short-term job opportunities to disadvantaged sectors, but the country must map out programs and policies that will promote private investments to generate more employment. A recent study released by the state-owned think tank Philippine Institute for Development Studies (PIDS) stressed the need to boost growth of small and ...
UK Interest Rates Hike 'Later Not Sooner' Despite Strong Economic Recovery
A hike in interest rates by the Bank of England is likely to come later rather than sooner, despite the UK economic recovery being the strongest of any G7 state. EY expects the UK economy to grow by 3.1% in 2014 and by 2.5% in 2015. The healing UK economy and positive jobs data has led markets to anticipate an imminent rise in the Bank of England's base rate from its all-time-low of 0.5%. Mark ...
Dire jobs prospects for youth can't be solved with education alone
One thing we older Canadians don’t envy about the young: their job prospects. Today’s monthly jobs report from Statistics Canada highlights an unemployment rate for those aged 15 to 24 that’s close to ...
In the face of danger
From possible retrenchment of faculty and non-teaching staff due to the roll-out of Senior High School (SHS) resulting from zero enrolment of freshmen in 2016 to alleged betrayal of the national language due to the removal of Filipino as a subject in the tertiary level as contained in the Revised General Education (GE) curriculum to be implemented in 2018, education and educators � in general � ...