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Job Market Biography:

Source:- Google.com.pk
Following labour market events is key to helping job seekers understand where the opportunities (short, medium and long-term) might be in a local community and elsewhere in the country.
The following table offers significant events from past four weeks that may affect the supply and demand in the labour force across Canada. It can prove to be a useful resource to complement your job search and career exploration.
You can explore news items across Canada on this page or refine your search to a specific news event type, sector or region.
Locals enjoy booming Bay Area job market
CONCORD, Calif. — Each week, it's getting less crowded in the Concord EDD's one-stop job seeker center as the Bay Area's unemployment figures continue to improve.
Nonetheless, construction worker Charles Yuhl has been unemployed nine months. He was struggling with learning a new, unfamiliar tool to submit resumes: a computer.
"Normally, before I used to be able to just go straight to a job, walkup to the foreman and say, 'I'm Charles Yuhl, a journey level carpenter with 15 years experience and I can do everything.' Most of the time I got hired," said Yuhl.
That fact notwithstanding, Yuhl means to get work.
"I really don't mind working three or four jobs. I mean, I'll just slam RockStars and keep going," said Yuhl.
Contra Costa Workforce Development Board Director Steve Baiter told KTVU that odds are Yuhl's search will end soon.
The number of employed Californians now exceeds the number before the recession. East Bay unemployment is under six percent for the first time in five years.
"This is a real boom job market right now. We're back at a point now where there's real opportunities for people looking for work," said Baiter.
Though many folks are still looking for work, the majority job seekers KTVU met are positive.
"I definitely like feel it is definitely better now. I've had more interviews in the last six months than I had in the whole year and a half that I was off before," said Patricia Sydnor a real estate and lease expert looking for her next job.
Donna Owen, a business administrator who is on the hunt, was also optimistic, and not just for her own chances.
"I do think that I have a job that's out there for me. I just haven't found it yet. And I think there are a number of jobs that are out there for any number of people at this point," said Owen.
And many who already have jobs are looking for better ones.
"People who are in jobs right now understand that there are opportunities out there and are willing to test the market to see what it will bring." said Baiter.
Employed customer service specialist Brandy Mason is doing just that.
"Even if it's something that I haven't done before, I fell like with my experience I can definitely be trained. They have to train you anyways," said Mason.
As of last month, about 15.5 million Californians had jobs, 25,000 more than this month seven years ago.
Yellen defends loose Fed policy, says job market still too weak
ederal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, on July 15. (Photo: AP, J. Scott Applewhite)
July 15, 2014, Tuesday/ 23:33:23/ REUTERS / WASHINGTON
Despite strong recent jobs reports and other signs of continuing recovery, Yellen emphasized in testimony to the Senate Banking Committee that she won't conclude the economy has recovered until wages start rising and discouraged workers return to the labor force.
In its latest semiannual report to Congress, the Fed did cite unease about some aspects of US securities markets, taking the unusual step of singling out biotechnology and social media stocks for their "stretched" valuations.
The observation hit biotech stocks with some of their biggest losses in months, while social media companies like Yelp slid as much as 4 percent.
But Yellen's overall testimony and an accompanying written report to Congress said asset values were in line with "historic norms," and that the economy would continue to grow if supported by the Fed's current low interest rates.
Yellen said the one thing that might prompt the central bank to raise rates earlier or faster is if hiring and wages take off in an unexpected way. So far, there is little evidence that is happening in a country with still high unemployment, and labor force participation at its lowest level in a quarter century.
"While we are making progress in the labor market we have not achieved our goal," Yellen told the committee. "There have been substantial headwinds holding the recovery back ... Until they are completely gone it calls for an accommodative monetary policy."
Wage increases "have been nonexistent," she said. "We have seen a steady shift of national income from labor to capital, and there is room for wage gains before we are worried" about inflation.
US stock markets dipped after the release of Yellen's testimony and the accompanying report, as investors assessed whether her comments about specific stock sectors were a warning shot akin to former Fed Chair Alan Greenspan's remarks about irrational exuberance or a footnote in an assessment that sees the US economy generally making progress.
Cornerstone Macro's Roberto Perli said it was significant that Yellen's testimony was not as pointed regarding stock values as the written Fed report.
"I don't see Yellen or the Fed changing their mind anytime soon," about the path of interest rates, currently expected to be increased in the middle of next year, Perli said. He called the observation about stock values a "rhetorical side note."
Yellen described an economy that continues to generate jobs and relatively steady growth. Yet Fed policymakers currently expect their preferred measure of inflation to stand at between 1.5 percent and 1.75 percent for 2014, short of the central bank's 2 percent target.
Fed chiefs report to Congress twice a year on monetary policy, and the hearing on Tuesday was Yellen's second such appearance. Her first turned into a marathon grilling.
This one was shorter with few sharp exchanges.
One exception: Senators who feel the Fed has not done enough to fix leftover issues from the financial crisis, such as how to handle banks considered too big to fail.
Massachusetts Senator Elizabeth Warren, a Democrat, pressed Yellen on whether the Fed is doing enough to make banks like JP Morgan develop plans that would allow for an orderly bankruptcy without taxpayer support.
Those resolution plans, Yellen said, number in the tens of thousands of pages and are "complex ... We need to give these firms feedback" to fine tune their plans.

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