The Mining Industry Human Resources Council (MiHR) released the 2019 Canadian Mining Labour Market Outlook
Report on Nov.
The Manitoba Labour Market Outlook
Report for 20182024predicts consistent job growth in the province, Growth, Enterprise and Minister Trade Blaine Pedersen announced.
Low productivity growth and skills mismatches present a challenge to the labour market outlook
Digging a little deeper into the unemployment data takes a bit of the glow off what is often depicted as a rosy labour market outlook
. While there are now 31.4m people in work, 8.43m of these are in part-time work.
As promised the Federal Reserve ended its quantitative easing programme in October and they also upgraded the labour market outlook
, saying that underutilisation is diminishing.
However, the labour market outlook
remains bleak as the labour force is predicted to shrink during our forecast period into 2018.
"Obviously, the resolution of the productivity puzzle will be important in shaping our expectations for longer-term growth." He said the Fed's decision in mid-December to modestly taper its $85 billion a month asset-purchase program did not indicate any lesser commitment to maintain an easy-money policy "for as long as needed." Instead, the taper "reflected the progress we have made toward our goal of substantial improvement in the labour market outlook
that we set out when we began the current purchase programme in September 2012." The Fed intends to keep its key interest rate near zero "well past" the time that the unemployment threshold of 6.5 per cent is crossed, he said, particularly if inflation continues to run below 2.0 per cent.
The CIPD/SuccessFactors Labour Market Outlook
report, which questioned more than 1,000 employers about their hiring intentions in the fourth quarter of 2013, revealed that net employment has increased to +24 from +14 over the past three months.
While announcing the asset purchase plan in 2012, Bernanke said it would continue until there was a "substantial improvement in the labour market outlook
Given that the Fed has stated that any decision on the future of quantitative easing and its potential tapering is based upon an improvement in the labour market outlook
, this could be significant.
M2 EQUITYBITES-August 5, 2013-CIPD 2013 Labour Market Outlook
reveals one in five employers use zero hours contracts(C)2013 M2 COMMUNICATIONS http://www.m2.com
The central bank is buying $85 billion in bonds per month and has said it would keep up asset purchases until it sees a substantial improvement in the labour market outlook