Economy

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Technology has been a great job-creating machine study finds

The battle between man and machines goes back centuries. Are they taking our jobs? Or are they merely easing our workload?  A study by economists at the consultancy Deloitte seeks to shed new light on the relationship between jobs and the rise of technology by trawling through census data for England and Wales going back … Continue reading

Rwanda – Understanding the 3.4% unemployment rate

Rwanda’s unemployment rate is at just 3.4 per cent, a statistic that recently generated heated debate on social media. Some believe the country’s unemployment rate is far higher. So how does the National Institute of Statistics Rwanda (NISR) compute unemployment figures? The 3.4 per cent means that just over 3 people out of 100 are … Continue reading

UK – 63,000 fewer people in work than for January to March 2015

There were 31.03 million people in work, 63,000 fewer than for January to March 2015 but 354,000 more than for a year earlier. There were 22.76 million people working full-time, 352,000 more than for a year earlier. There were 8.27 million people working part-time, little changed compared with a year earlier. The employment rate (the … Continue reading

Canada – Is the job recovery the best ? That depends on what you measure

History is clear: The Harper government’s record on job creation is the weakest of Canada’s past nine prime ministers. But is it the best job creation record we could have right now, given how so many nations are struggling with the enduring impact of the 2008 global economic crisis? When it comes to recovery, are … Continue reading

Canada July Jobs Report – Modest 6,600 jobs

Canada’s overall labour market didn’t change very much in July as the economy created 6,600 additional jobs, Statistics Canada reported today. That was roughly in line with the 5,000 new jobs that economists had been forecasting.   The unemployment rate remained at 6.8 per cent for the sixth straight month. Manufacturing remains weak as another 4,600 factory jobs disappeared … Continue reading

US July Jobs Report – 2.9 million jobs over the past 12 months

The U.S. economy added 215,000 jobs in July, continuing a steady expansion. Friday’s report from the Labor Department showed few changes from the prior month on a range of measures, including the unemployment rate, at 5.3%, and the labor-force participation rate. The economy has added around 2.9 million jobs over the past 12 months. That’s … Continue reading

Canada – Moores a reçu 231 470 dons de vêtements pour plus de 60 organismes

La première impression est un facteur déterminant dans une entrevue d’emploi. Des entrevues menées auprès de directeurs et de recruteurs des ressources humaines ont permis de révéler que le sort d’un candidat est décidé dans les cinq premières minutes d’une entrevue. La majorité des personnes interrogées affirment qu’une tenue décontractée peut nuire à la candidature d’un … Continue reading

Job Market in US – There may be some lingering slack FRBSF says

The U.S. economy is looking quite good. Growth is on a solid trajectory, and the FOMC’s maximum employment goal is in sight. Risks from abroad are unlikely to overturn strong U.S. fundamentals. Still, the exact timing of an initial interest rate increase will depend on convincing evidence that inflation is heading back toward target. The … Continue reading

UK – The job market looks like it might be slowing down

After years of defying gravity and outperforming the rest of Europe, Britain’s job market looks like it might be slowing down. That means that renewed worries about an imminent rise in British rates, which have just resurfaced this week following hawkish remarks from Bank of England Governor Mark Carney and outgoing rate-setter David Miles, might … Continue reading

Canada – Interest rate drops to another record low as a recession is feared

The Canadian dollar has plunged to its lowest point since 2009, and the country’s clouded political future became even murkier as the Bank of Canada dropped its key interest rate to a record low for the second time this year, confirming that the national economy is shrinking as the country heads into an election. Bank … Continue reading

The FED / Yellen’s Semiannual Testimony – Total increase in employment since its trough to more than 12 million jobs

Since my appearance before this Committee in February, the economy has made further progress  toward the Federal Reserve’s objective of maximum employment, while inflation has continued to run below the level that the Federal Open Market Committee (FOMC) judges to be most consistent over the longer run with the Federal Reserve’s statutory mandate to promote … Continue reading

Canada – Cities where jobs are booming. But, is the Labour Force Survey right ?

You’d think that, as the epicentre of Canada’s oil industry, Calgary would be bleeding jobs these days. But apparently you’d be wrong. And you’d think that, with few signs in the data of a pickup in manufacturing and exports, Greater Toronto’s job market would be stumbling along. But, again, you’d be wrong. These two cities … Continue reading

Full-time Employment in Canada since 1976 – Was increasing until the Great Recession Stat Can finds

In aggregate, the percentage of people employed full time has increased slightly since the mid-1970s. Of all individuals aged 17 to 64 who were not attending school full time, 66% were employed full time as employees or self-employed workers in 2014, up from 62% in 1976. The full-time employment rate reached a high of 68% … Continue reading

Millions trapped at bottom of economic ladder OECD says

The OECD Employment Outlook 2015 says that around 42 million people are currently without work across the OECD, down from 45 million in 2014 but still 10 million more than just before the crisis. Unemployment in the 34 OECD countries is projected to continue declining over the next 18 months to reach 6.5% in the last quarter of … Continue reading

Nigeria unemployment rate at 7.5% for the first three months of 2015- How it is calculated

The claim by Nigerian statisticians that the country’s unemployment rate nowadays stands at less than 10% was met with scepticism. “My reaction is simple: I don’t believe the statistics of the National Bureau of Statistics,” a union leader told the newspaper Leadership. And in a report headlined “Outraged Nigerians blast govt over 6.4% unemployment claim” the … Continue reading

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