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Job Report in US (July 2020) – Employment rose by 1.8 million and the unemployment rate fell to 10.2 percent, up by 6.7 percentage points since February
Total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In … Continue reading
Population Ageing – Alternative measures of dependency and implications for the future of work
The world’s population is getting older, a phenomenon that has important implications for the future of work. Persons aged 55 years and over are expected to outnumber all children aged 0 to 14 years by 2035 and the entire child and youth population aged 0 to 24 years by 2080. As a direct consequence of … Continue reading
Young People Leaving Full-Time Education in UK – Employment rate are projected to be 13 per cent lower
The economic fallout from the coronavirus has taken the UK into uncharted territory, with fears that an additional 640,000 18-24-year-olds could find themselves unemployed this year alone. This briefing note focuses specifically on the prospects facing young people leaving full-time education today, highlighting the size and length of employment and pay scarring that they could … Continue reading
Unemployment in Europe (June 2020) – 7.8% in the the euro area with 2.962 million young persons (under 25)
In June 2020, the month when COVID-19 containment measures started being phased out in most Member States, the euro area seasonally-adjusted unemployment rate was 7.8%, up from 7.7% in May 2020. The EU unemployment rate was 7.1% in June 2020, up from 7.0% in May 2020. These figures are published by Eurostat, the statistical office … Continue reading
Online Working – The most crucial skills for thriving in the online platform economy are technical-core skills
The coronavirus (Covid-19) pandemic has highlighted the vast opportunities of working and learning digitally.In these exceptional times, where a large part of the workforce has been obliged to work remotely due to home confinement and social distancing measures, gig or crowd-workers have enjoyed a kind of ‘home field’ advantage: working and interacting digitally has always … Continue reading
UI Weekly Claims in US (JULY 30, 2020) – 1,434,000, an increase of 12,000 from the previous week’s revised level
SEASONALLY ADJUSTED DATA In the week ending July 25, the advance figure for seasonally adjusted initial claims was 1,434,000, an increase of 12,000 from the previous week’s revised level. The previous week’s level was revised up by 6,000 from 1,416,000 to 1,422,000. The 4-week moving average was 1,368,500, an increase of 6,500 from the previous … Continue reading
VET in Germany – A successful model
Vocational education and training (VET) in Germany is based on close cooperation between the State, companies and social partners. Germany’s VET is a successful model, largely based on the dual system (apprenticeship) leading to high-quality vocational qualifications, valued on the labour market. Apprenticeship enables smooth education-to-work transitions, resulting in low youth unemployment: in 2019, 5.8% … Continue reading
Job Report in Canada (June 2020) – Employment increased by a further 953,000 (+5.8%), reaching a level 9.2% lower than in February
Building on an initial recovery of 290,000 in May, employment rose by nearly one million in June (+953,000; +5.8%), with gains split between full-time work (+488,000 or +3.5%) and part-time work (+465,000 or +17.9%). With these two consecutive increases, employment in June was 1.8 million (-9.2%) lower than in February. Employment continues to rebound as … Continue reading
Covid and Unemployment in Canada – Changes to EI system coming
Government officials admit there will still need to be policy changes to the EI system to help some self-employed workers qualify, and capture EI-eligible workers who, due to the pandemic, haven’t been able to work the necessary qualifying hours. “It’s not easy. We’re in challenging times,” Finance Minister Bill Morneau told reporters. “We’re going to … Continue reading
Employment Outlook 2020 – Unemployment will remain high into 2021, more so should a second pandemic wave hit says OECD
Unemployment is projected to reach nearly 10% in OECD countries by the end of 2020, up from 5.3% at year-end 2019, and to go as high as 12% should a second pandemic wave hit. A jobs recovery is not expected until after 2021. And now must keep up support while building resilience Help those in … Continue reading
UI Claims in US (week ending June 27) – 1,427,000, a decrease of 55,000 from the previous week’s revised level
In the week ending June 27, the advance figure for seasonally adjusted initial claims was 1,427,000, a decrease of 55,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 1,480,000 to 1,482,000. The 4-week moving average was 1,503,750, a decrease of 117,500 from the previous week’s revised average. … Continue reading
Job Report in US (June 2020) – Employment rose by 4.8 million, still down nearly 14.7 million jobs since February, and unemployment rate declined to 11.1 percent
Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts … Continue reading
Skills vs College Degree in US – Some 36 million Americans have some college education, but no credential
Americans without a degree have the skills and knowledge to thrive in higher wage jobs. And jobs that don’t require college can offer a less expensive, shorter pathway to a good career, oftentimes with a higher starting salary. They are often “stackable,” allowing workers to layer new skills and credentials by weaving work with learning … Continue reading
UI Weekly Claims in US (week ending June 13) – 1,508,000, a decrease of 58,000 from the previous week’s revised level, 29.1 million receiving benefits was as of May 30
Unemployment Insurance Weekly Claims ReportIn the week ending June 13, the advance figure for seasonally adjusted initial claims was 1,508,000, a decrease of 58,000 from the previous week’s revised level. The previous week’s level was revised up by 24,000 from 1,542,000 to 1,566,000. The 4-week moving average was 1,773,500, a decrease of 234,500 from the … Continue reading
UI Weekly Claims in US (week ending June 6) – 1,542,000, a decrease of 355,000 from the previous week’s revised level with a total of 44,2M for the lockdown
Unemployment Insurance Weekly Claims Report In the week ending June 6, the advance figure for seasonally adjusted initial claims was 1,542,000, a decrease of 355,000 from the previous week’s revised level. The previous week’s level was revised up by 20,000 from 1,877,000 to 1,897,000. The 4-week moving average was 2,002,000, a decrease of 286,250 from … Continue reading
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