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India – Jobless rate at multi-decade high
An official survey that has been withheld by the government shows India’s unemployment rate rose to its highest level in at least 45 years in 2017/18, the Business Standard newspaper reported on Thursday, delivering a blow to Prime Minister Narendra Modi months before a general election. A political controversy over the survey erupted after the … Continue reading
Job Report in US, January 2019 – Employment increased (for record 100th consecutive month) by 304,000 but unemployment edged up to 4.0 percent
Total nonfarm payroll employment increased by 304,000 in January, and the unemployment rate edged up to 4.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in several industries, including leisure and hospitality, construction, health care, and transportation and warehousing. Household Survey Data Both the unemployment rate, at 4.0 percent, and the number of unemployed … Continue reading
The European Qualifications Framework for lifelong learning (EQF) – To improve the transparency, comparability and portability
The European Qualifications Framework for lifelong learning (EQF) aims to improve the transparency, comparability and portability of people’s qualifications. The EQF was set up in 2008 as a common reference framework of qualifications, expressed as learning outcomes at increasing levels of proficiency. The framework serves as a translation device between different qualifications systems and their levels. It is … Continue reading
Unemployment in Europe, December 2018 – 7.9% in euro area and 3.365 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 7.9% in December 2018, stable compared with November 2018 and down from 8.6% in December 2017. This remains the lowest rate recorded in the euro area since October 2008. The EU28 unemployment rate was 6.6% in December 2018, stable compared with November 2018 and down from 7.2% … Continue reading
Congressional Budget Office’s Economic Outlook – Fiscal stimulus wane, projected economic growth falls back below the historical average
In CBO’s projections, deficits remain large by historical standards, and federal debt grows to equal 93 percent of GDP by 2029. As the effects of fiscal stimulus wane, projected economic growth falls back below the historical average. In CBO’s economic forecast, which underlies its budget projections, the economy expands more slowly over the next decade … Continue reading
Immigrant Integration – A new vision for adapting to labor-market and demographic changes, to conceptualizing and communicating shared values
The Integration Futures Working Group, an initiative of MPI Europe, has brought together senior integration policymakers and experts, civil-society representatives, and private-sector leaders to explore new ways of thinking about and addressing integration-related challenges—from adapting to labor-market and demographic changes, to conceptualizing and communicating shared values. The most promising approaches, highlighted in this infographic, are … Continue reading
Education – What is the future instead of rewarding seat time?
The founder of online-learning not-for-profit Khan Academy shares what an era of automation and artificial intelligence means for education. To understand the future of education, it’s interesting to think a little bit about the past of education. If you were to go back 500 years, very few people got an education. But those that did, … Continue reading
Jobs in US : a Chart – Employment is now 8.6% above the previous peak
This graph shows the job losses from the start of the employment recession, in percentage terms, compared to previous post WWII recessions. Since exceeding the pre-recession peak in May 2014, employment is now 8.6% above the previous peak. Note: I ended the lines for most previous recessions when employment reached a new peak, although I continued … Continue reading
Minimum Wage in Ireland – A negative and statistically significant effect on the hours worked
On 1 January 2016, the Irish minimum wage (MW) increased from €8.65 to €9.15 per hour, an increase of approximately 6 per cent. Using data from the Quarterly National Household Survey (QNHS) for the years 2015 and 2016, we estimate the effect of the increase in the minimum wage on the hours worked and likelihood … Continue reading
Unemployment in Europe, November 2018 – 7.9% (Euro Area), down from 8.0% in October 2018 and from 8.7% in November 2017 with 3.444 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 7.9% in November 2018, down from 8.0% in October 2018 and from 8.7% in November 2017. This is the lowest rate recorded in the euro area since October 2008. The EU28 unemployment rate was 6.7% in November 2018, stable compared with October 2018 and down from 7.3% … Continue reading
Job Vacancies in Canada, QIII 2018 – up 83,000 (+17.8%) from the third quarter of 2017
There were 551,000 job vacancies in Canada in the third quarter, up 83,000 (+17.8%) from the third quarter of 2017. Over the same period, the job vacancy rate increased 0.4 percentage points to 3.3%. This was the eighth consecutive quarter with a year-over-year increase in both the number of job vacancies and the job vacancy rate. The job vacancy rate represents the number … Continue reading
Caregivers in US – Why employers should support them
Everyone in the workforce will come face-to-face with the challenges of caregiving at one point during their career – some just may not realize it yet. Maybe they are caring for a loved one now, or have in the past, or anticipate needing to serve in this role one day. It’s an issue that can … Continue reading
Job Report in Canada, December 2018 – Employment held steady in December and the unemployment rate was unchanged at 5.6%
Employment held steady in December and the unemployment rate was unchanged at 5.6%. In the 12 months to December, employment increased by 163,000 (+0.9%), entirely driven by gains in full-time work (+185,000 or +1.2%). Over the same period, total hours worked rose 0.9%. Chart Unemployment rate, Canada Highlights In December, employment increased in Newfoundland and Labrador, while it fell in Alberta, New … Continue reading
Job Report in US, December 2018 – Employment increased by 312,000 but unemployment rose by 0.2 percentage point to 3.9 percent
Total nonfarm payroll employment increased by 312,000 in December, and the unemployment rate rose to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, food services and drinking places, construction, manufacturing, and retail trade. Household Survey Data The unemployment rate rose by 0.2 percentage point to 3.9 percent … Continue reading
The International Labour Organization (ILO) is 100 years old
ILO Director-General Guy Ryder marks the start of the ILO’s second century of service to the world of work by recalling its first 100 years and pointing to the challenges that face us all in shaping the future of work we want. Chosen excerpts by Job Market Monitor. Read the whole story at ILO100: The ILO Centenary … Continue reading
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