Employment

  • The jobs report headline was the good news, opposite of the employment report.

    It's the Headline: Read All About It

    The optics of the US jobs report was better than the details, which is the exact opposite of the January employment report.  The US dollar strengthened on the news.

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  • Fairness is not always on the other end of the hiring process.

    Anonymous Person Seeks Non-Discrimanatory Employment

    When you send off a CV to a prospective employer, you will hope to get a fair hearing. You will hope that your skills, experience and qualifications decide the response, rather than the school you went to, your post code, or even your name. Instinctively, though, we know that this isn’t always the case.

    Prime Minister David Cameron already has zeroed in on the issue of how applications from people with non-Anglo-Saxon or Celtic names are treated:

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  • A significant pick up in the labor participation rate looks unlikely.

    Fewer Workers and Low Unemployment

    The decline in the labor force participation rate helps explain the substantial decline in the US unemployment rate over the past couple of years.  That decline has helped bring the Federal Reserve to the point that a December rate hike is extremely likely barring a significant disappointment at the end of the week with the November jobs report. 

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  • The union labor force believes collective bargaining helps the middle class.

    Looking for, and Believing in, the Union Label

    When members of the United Auto Workers (UAW) approved a new contract with Fiat Chrysler on October 22, they ended a contentious round of negotiations that exposed rank-and-file discontent over a two-tier wage system that one worker described as “at odds with union principles.”

    In a rare move just a few weeks earlier, Fiat Chrysler’s 36,000 workers had rejected an agreement proposed by their leaders, protesting that it failed to close a pay gap that kept newer employees lagging behind the earnings of their more senior counterparts.

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  • A strong U.S. jobs report pushes the dollar even higher.

    U.S. Jobs Report: Strength in Numbers

    The US jobs data was considerably stronger than expected and leave no doubt about the December meeting being live despite the year-end considerations that some had seen tying the Fed’s hands. The dollar broke through key chart points near JPY122 and $1.08 for the euro.

    Nonfarm payrolls leapt 271k, nearly 100k more than the consensus anticipated.  The August and September job growth revised higher by a minor 12k.  September actually revised down by 5k, with August revised up 17k.

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  • The recent UK labor force dip appears to be temporary.

    The UK's National Living Wage Plan: Pay Increases and Job Losses

    We have become used to living with the productivity puzzle but the labour market figures released today now add a labour market conundrum. The total number of people in work fell by nearly 70,000 comparing the three months to May 2015 with the previous three months – the first significant dip in the figures since 2010. But why? We would normally associate sharp falls like this with the onset of recession, and there is absolutely no sign of that.

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  • The OECD calls for governments to create high-paying jobs.

    The OECD Offers Up Some Gloom about Unemployment

    “Time is running out to help workers move up the jobs ladder” - at least according to the OECD’s latest employment outlook.

    The somewhat gloomy report points to unemployment rates exceeding 11% in most European countries. Around 42 million people are without work across the OECD. That is down from 45 million in 2014 but still 10 million more than just before the global financial crisis.

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  • President Obama proposed boosting the overtime pay exemption level.

    Overtime Pay Rules Overhaul Overdue

    Late last month, President Barack Obama took a step around the longstanding congressional gridlock over labor and employment policies by announcing a plan to boost the salary threshold governing overtime from US$23,600 to $50,440 and to index it to inflation.

    Essentially, that means white-collar workers in that salary range, currently exempt from receiving overtime pay, would get 1.5 times their hourly wages for anything over 40 hours.

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  • The rise of temporary, insecure and precarious work in the UK.

    If the UK is to Help 'Hardworking People', Then Help Them

    Declarations of support for “hardworking people” were commonly heard in the UK general election. This was echoed in the Queen’s Speech, when David Cameron said the 26-bill package was a “programme for working people”. Our research shows that there is another story to be told about Britain’s hardworking people, however, and the support they need.

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  • Could ending corporate income tax really boost wages?

    Ending the Corporate Income Tax to Boost Wages

    Workers' wages have stagnated, even as the unemployment rate has plunged to a seven-year low and the economy is bounding ahead. Some people propose raising the federal minimum wage and bolstering labor unions to address slow growth in wages.

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