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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

Big changes are coming to the workplace Oxford Economics finds

Preparing for the 2020 workforce is critical to business strategy, growth, and performance. To understand the challenges and opportunities, Oxford Economics and SAP surveyed over 2,700 executives and more than 2,700 employees in 27 countries during the second quarter of 2014. Based on survey responses, this report shows that many companies lack the structure, strategy, … Continue reading

US – It is taking longer and longer to fill a job

With the size of the labor force shrinking, it’s no wonder that it is taking longer and longer to fill a job. Now Wanted Technologies, which analyzes online job postings from corporate sites, job boards, and elsewhere, found that for the most in-demand jobs, as determined by the number of ads posted online, job posting time … Continue reading

The Job Market in US – Full and Part Time: A chart

The chart below measures the net change in the number of full time, part time and the total number of jobs from that point through the present. Here, we see a large increase in the number of  jobs during the official period of recession as the number of full time jobs plummeted, which coincides with … Continue reading

Taiwan in August – Unemployment at 4.08 percent, 14-year low

As the economy continued to improve, Taiwan’s unemployment fell to 4.08 percent in August, the lowest level for that month in 14 years, the Directorate General of Budget, Accounting and Statistics (DGBAS,主計總處) said Monday. The figure for August represents a monthly increase of 0.06 percentage points but a drop of 0.25 points year-on-year, according to … Continue reading

China – 42.8 Percent believe the job market faces “a severe situation”

Many mainland residents may not be as confident as Premier Li Keqiang in the prospects of the job market, a survey conducted by the People’s Bank of China indicated.In the third-quarter survey carried out by the central bank with urban depositors, 42.8 per cent of residents believe the job market faces “a severe situation” while … Continue reading

US – Job Openings Outpace Hires writes Dallas Fed

In addition to employment and unemployment figures, data on the efficiency of the labor market offer more clues to its health. One way to determine this is to examine the degree of labor mismatch occurring. The classic illustration demonstrating mismatch is the Beveridge curve, which shows an intuitive relationship between the rate of job vacancies … Continue reading

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