Each week, CERIC is on the lookout for the latest reports related to career development. Here are three reports that we found interesting this week:
While the landscape of the labour market has shifted since January, data from the beginning of the year are important in monitoring when and where changes occur over the following months. The average weekly earnings of non-farm payroll employees were $1,051 in January, up 0.6% from the previous month. Year over year, earnings rose 4.0%.
Growth was weak but stabilizing until the coronavirus COVID-19 hit. Restrictions on movement of people, goods and services, and containment measures such as factory closures have cut manufacturing and domestic demand sharply in China. The impact on the rest of the world through business travel and tourism, supply chains, commodities and lower confidence is growing.
The paper briefly shows how unemployment insurance (UI) has worked in recent recessions, describes some of the key UI provisions in the stimulus package just passed by US Congress and remarks on the implementation challenges UI administrators will face in the next few months.