Job Market Monitor
A Closer Look
Youth Unemployment around the World – A Map
Overall youth unemployment in Somalia is roughly 67 percent, according to the U.N. Development Program, though that number may be as high as 75 or 80 percent in some parts of the country. Some of the issues underlying the country’s employment problems, like decades of conflict and environmental degradation, are specific to Somalia. But the … 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
A map of international migration over time
This map displays the international migrant population by country of destination for each decade since 1960 and 2013. It includes all countries of destination with 20,000 or more international migrants by time period. Each population bubble is colored according to the migrant share of a country’s total population. Chosen excerpts by Job Market Monitor. Read the … Continue reading
Talent War – Candidates choose employer brand over salary
No amount of money could tempt half of UK workers (53%) to consider taking a role at a company with a poor employer brand, according to research from LinkedIn. The Winning Talent report also found that one in six UK workers (17%) would take a new job with a company offering increased job security, greater development … Continue reading
Greece – National Reforms Programme, the Job Market and the national 2020 target
According to Labour Force Survey (LFS), the average number of employed (aged above 15 years) declined by 149.6 thousand people in 2013 against 2012 (i.e. a 4% y-o-y decline), following a 8% y-o-y drop in employment in 2012 versus 2011. Overall, the impact of the recession on employment has been significant, as between the fourth … 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
US – The June Jobs Report in Charts
Here’s a look at what the latest release from the Labor Department on Thursday tells us about the state of the U.S. economy, in 10 charts. Chosen excerpts by Job Market Monitor. Read the whole story at The June Jobs Report in 10 Charts – Real Time Economics – WSJ. Related Posts Job Report in US … Continue reading
US – June 2015 Job Report vs October 1977
So what exactly did the United States look like in October 1977, the last time the labor-participation rate was this low? Obviously the most important question is what Americans were listening to. (The month’s top songs were Debby Boone’s “You Light Up My Life” and—seriously—Meco’s “Star Wars Theme/Cantina Band.”) The American economy at the time … Continue reading
US – Some 432,000 people left the workforce
The size of the labor force tanked last month, helping to make for a very mixed June jobs report. Though payrolls climbed at a healthy clip, some 432,000 people left the workforce, Labor Department data showed. That sent the participation rate — which tracks the share of working-age people who are either employed or looking for work — to 62.6 … Continue reading
CEO Pay vs Worker Pay – Up 90 times faster since 1978
Over the last several decades, inflation-adjusted CEO compensation increased from $1.5 million in 1978 to $16.3 million in 2014, or 997 percent, a rise almost double stock market growth. Over the same time period, a typical worker’s wages grew very little: the annual compensation, adjusted for inflation, of the average private-sector production and nonsupervisory worker … Continue reading
Youth Unemployment in the Mideast
The numbers are striking: almost 28 percent of youth in the region are unemployed, according to the International Labor Organization. In addition, more than 50 percent of the Arab world is under 25 years old. Youth unemployment may be the biggest challenge facing the region, due to a demographic “youth bulge.” Surprisingly, a college education … Continue reading
US – World’s second largest Spanish-speaking country after Mexico
The United States is now the world’s second largest Spanish-speaking country after Mexico, according to a new study published by the prestigious Instituto Cervantes. The report says there are 41 million native Spanish speakers in the US plus a further 11.6 million who are bilingual, mainly the children of Spanish-speaking immigrants. This puts the US … Continue reading
Germany – Only 15% of employees are engaged
Gallup has been continuously measuring and reporting German workplace engagement since 2001. One of our key findings is that, in any given year, fewer than one-fifth of employees in Germany are engaged in their jobs. Right now, only 15% of employees are engaged and 15% are actively disengaged. This has serious effects: Actively disengaged employees … Continue reading
SA – Youth unemployment has worsened since 2008
YOUTH unemployment deteriorated between 2008 and the first quarter of this year, and more young people have given up looking for work, Statistics SA’s youth labour market report showed on Monday. Of the approximately 19.7-million working-age youth (15 to 34 years), 9.8-million were not economically active, 6.2-million were employed, and 3.6-million were unemployed. The “not … Continue reading
Labor Force Participation in US – A rare country experiencing a recent decline
The U.S. labor market has changed drastically over the past 50 years. As the following figure shows, the U.S. labor force participation rate1 rapidly increased starting in the mid-1960s, peaked around 2000 and fell substantially afterward. This trend is the result of many forces, some of them in opposition to each other. For example, male … Continue reading
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