Economy

This tag is associated with 2199 posts

US Job Report for February 2015 – Total nonfarm payroll employment increased by 295,000

Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in food services and drinking places, professional and business services, construction, health care, and in transportation and warehousing. Employment in mining was down over the month. … Continue reading

Japan – Three measures of slack in labor markets

How likely are Japan’s workers to see a bumper salary increase? The latest labor market data — showing a 1.3 percent annual increase in wages in January — is a hopeful sign. A more detailed answer comes from examining alternative measures of slack in the labor market. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading

US – Most (60%) see only a partial recovery in jobs Pew finds

The public makes sharp distinctions about which groups have benefited – and which have not – from the economic policies the government has put in place since the start of the recession. Majorities say that large banks, large corporations and the wealthy have been helped a great deal or a fair amount by government policies. … Continue reading

Unemployment Rate in France – The highest in at least 16 years

French unemployment hit an eye-watering 10.4% in the final three months of 2014, according to statistics just released. That’s the highest in at least 16 years for France — comparable records go back to 1998. Chosen excerpts by Job Market Monitor. Read the whole story at  France unemployment record high Q4 2014 – Business Insider. Source: The unemployment … Continue reading

Mid-Market Enterprises (MMEs) – Directly employ 169 million people across 15 countries and territories spanning Asia, Europe, the Middle East and the Americas

HSBC today released a global report highlighting the unsung role that mid-market enterprises (MMEs) play in the life of nations. The report, titled Hidden Impact: The vital role of mid-market enterprises and commissioned by HSBC from Oxford Economics, showcases the enormous contribution to Gross Domestic Product (GDP), employment, and the supply chain that MMEs contribute … Continue reading

Royal Bank of Scotland (RBS) – To cut 14,000 jobs by 2019

The UK’s state-rescued Royal Bank of Scotland (RBS) is set to cut up to 14,000 jobs in its investment banking units across the United States and Asia by 2019, the Financial Times reported on Wednesday.  The number amounts to 80 percent of the jobs in the RBS’s investment banking sector, which is scheduled to experience … Continue reading

Italy – Unemployment slowing for a second consecutive month

Unemployment in Italy stood at 12.6 per cent in January, slowing for a second consecutive month and returning to its level a year ago, according to national statistics agency Istat: In January 2015 22.320 million persons were employed, essentially unchanged over December 2014. Unemployed were 3.221 million, -0.6% with respect to the previous month. Chosen … Continue reading

Unemployment in Euro Area – The lowest rate recorded since April 2012

The euro area (EA19) seasonally-adjusted unemployment rate was 11.2% in January 2015, down from 11.3% in December 2014, and from 11.8% in January 2014. This is the lowest rate recorded in the euro area since April 2012. The EU28 unemployment rate was 9.8% in January 2015, down from 9.9% in December 2014 and from 10.6% … Continue reading

Canada – Still 270,000 jobs short of full employment says Carolyn Wilkins, Governor Stephen Poloz’s top deputy,

The economy is still 270,000 jobs short of full employment Carolyn Wilkins, Governor Stephen Poloz’s top deputy, warned in a speech  Growing angst about the sluggish pace of job creation could provide more cover for the Bank of Canada to lower interest rates again. Carolyn Wilkins, Governor Stephen Poloz’s top deputy, warned in a speech … Continue reading

US – The 2015 Economic Report of the President on the labor market

Chapter 3  of  [The 2015 Economic Report of the President] addresses the opportunities and challenges facing the U.S. labor market. The sharp drop in unemployment in 2014 came amid a stabilization in the labor force participation rate and the strongest annual job growth since the 1990s as businesses added more than 3 million jobs. But … Continue reading

Texas – Largely responsible for net job increase since 2007 AEI finds

It’s a pretty impressive story of how job creation in just one state – Texas – has made such a significant contribution to the 1.169 million net increase in total US employment (+1,444,290 Texas jobs minus the 275,290 non-Texas job loss) in the seven year period between the start of the Great Recession in December … Continue reading

Singapore – Unemployment at 1.9%, a result of forcing organisations to consider more locals for employment

Unemployment in Singapore remained low in December, with more locals employed while the growth of foreign workers continued to moderate, the Manpower Ministry (MOM) said on Friday (Jan 30).  The overall seasonally adjusted unemployment rate was at 1.9 per cent for the month, while the resident unemployment rate fell to 2.6 per cent from 2.8 … Continue reading

Advanced industries in US – 12.3 million workers, 9 percent of total U.S. employment

Advanced industries represent a sizable economic anchor for the U.S. economy and have led the post-recession employment recovery Modest in size, the sector packs a massive economic punch: As an employer and source of economic activity the advanced industry sector plays a major role in the U.S. economy. as of 2013, the nation’s 50 advanced industries … Continue reading

Unemployment in Germany in January 2015 – At Record Low

Germany’s unemployment rate declined to a record low at the start of the year, reflecting an improvement in the labor market after the euro area’s biggest economy expanded the most in three years during 2014. The jobless rate dropped to a seasonally adjusted 6.5 percent in January from a revised 6.6 percent in December, the … Continue reading

Tesco – UK’s biggest retailer to cut thousands jobs

Tesco has begun a cull of head office staff that is expected to involve thousands of job losses as its new chief executive slashes costs and strives to reinvigorate the UK’s biggest retailer.  Sky News has learned that the company has in recent days begun informing senior staff of changes to the structure of its … Continue reading

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