Economy

This tag is associated with 2077 posts

Spain – Unemployment lowest since 2011

Spain’s unemployment rate fell to the lowest since the end of 2011 in the third quarter as its economy turned into one of the fastest-growing in the euro region. Joblessness fell to 23.7 percent in the three months through September from 24.5 percent in the previous quarter, Spain’s national statistics institute INE said in Madrid … Continue reading

EU – An ambitious climate and energy package to create jobs and support businesses is needed says unions and corporate leaders

Leader of European Trade Union Confederation joins major brands, including Philips and Shell, calling for ambitious climate and energy package to create jobs and support businesses. Nearly a million potential jobs will be lost if EU leaders fail to agree strong climate and energy targets at a summit starting on Thursday, according to the head … Continue reading

Sweden – To stop attacking the unemployed and instead attack unemployment

Sweden’s new government is targeting a “paradigm” shift for job creation in the largest Nordic economy as it raises spending and scrapped plans for reaching the surplus target.  The new Social Democratic-led government today unveiled plans to spend almost 20 billion kronor ($2.7 billion) over the next two years to cut Scandinavia’s highest unemployment rate. … Continue reading

US – A good time to find a quality job says 31% in Gallup’s survey

About three in 10 Americans say now is a good time to find a quality job, essentially unchanged from September. The percentage of U.S. adults who say it is a good time to find a job remains at one of the highest levels measured since the 2008 financial crisis. Although the 31% of Americans with … Continue reading

Monetary Policy in US – Underutilization of labor worse than the official statistics suggest

Federal Reserve policy makers are missing a key element as they assess the health of the labor market: data that includes whether those who are employed are overqualified for their job or would like to work more hours. As a result, the “significant underutilization of labor resources” that Fed officials highlighted last month as they … Continue reading

Unemployment in US – The largest drop in the rate between a presidential and midterm elections on records

Midterm elections often end up serving as a referendum on the president’s performance. Given this, I’ve been surprised not to hear Democrats more aggressively trumpeting the improving economy. After all, the unemployment rate has fallen by two percentage points since the last election, and at 5.9 percentage points it is far lower than many had … Continue reading

Job Report in US – Total nonfarm payroll employment increased by 248,000 in September and unemployment down at 5.9 percent

Total nonfarm payroll employment increased by 248,000 in September, and the unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, retail trade, and health care. Household Survey Data In September, the unemployment rate declined by 0.2 percentage point to 5.9 percent. The number … Continue reading

ADP Job Report in US – Private sector employment increased by 213,000 jobs from August to September

Private sector employment increased by 213,000 jobs from August to September according to the September ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, … Continue reading

Unemployment in Germany – Steady at 6.7 percent in September

German joblessness increased unexpectedly in September but the jobless rate remained low and a surge in August retail sales offered hope that private consumption can help prop up Europe’s largest economy in the third quarter.  The number of people out of work rose by 13,000 to 2.918 million – its highest level since January – … Continue reading

US – The decline in the share of middle-skill jobs has largely been driven by technological advancements and outsourcing of jobs overseas

The labor market is extremely complex and it’s constantly evolving. There are two big themes we’ve seen in recent decades: 1) companies have increasingly outsourced tasks overseas and 2) companies have increasingly automated functions. These themes have been devastating for those at the middle-skill level. Wells Fargo Securities’ Eugenio Aleman and Anika Khan recently published … Continue reading

US – We should focus on the problems of real people says a Fed economist (on leave)

The U.S. job market remains far from full health despite recent progress, and requires active efforts by policy makers to help it heal, a Federal Reserve economist said Wednesday.Andrew Levin, currently on leave from the central bank while working at the International Monetary Fund, played down the idea that much of the weakness in the … Continue reading

For an European unemployment insurance – A Commission Report

The best idea for an EMU-level automatic fiscal stabiliser is in my view a scheme where fiscal stimulus is provided to countries of the monetary union based on developments in their short-term unemployment. Unemployment is an indicator whose big advantages are that it very closely follows developments in the economic cycle, it is easily understandable, … Continue reading

Saab – Restart will ‘take time’

For a fleeting moment a few weeks ago, the news from Saab-owner National Electric Vehicle Swedenappeared almost positive. The company had its reorganization plan approved (a day after it was denied), and the automaker was actually showing a real, running vehicle, albeit one with a top speed of 75 miles per hour. But those tiny … Continue reading

Annual estimates of employees in UK – London has shown the largest increase of all regions

This statistical bulletin focuses on the strengths of [Business Register and Employment Survey (BRES) 2013], giving employee estimates by region level and below and by broad industry group and below. There is also a section that focuses on London and a section that looks at public/private estimates of employees. 70% of all local authority districts … Continue reading

Finland – The real unemployment rate is 12 percent says the Pellervo Economic Research Institute

Finland’s real unemployment rate would surpass 12 percent if the so-called “hidden unemployed” were to join the job market, according to a think tank researcher. The term hidden unemployed refers to unemployed persons who are not registered as actively looking for work. The rapid increase in the number of unemployed persons who’ve abandoned the search … Continue reading

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