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Unemployment in the Euro Area – 10.1% in June 2016, 20.8% for youth
The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in June 2016, stable compared to May 2016 and down from 11.0% in June 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6% in June 2016, stable compared to May 2016 and down from 9.5% … Continue reading
The 9-to-5 Day Work – Three in five workers believe it is a thing of the past
A typical work day historically involved eight consecutive hours of effort for full-time workers, but today, most don’t stop working when the clock hits 5 p.m. According to a new survey from CareerBuilder, nearly 3 in 5 workers (59 percent) believe the traditional 9-to-5 work day is a thing of the past. Forty-five percent of … Continue reading
Investing in Education – A threshold effect after this level of resources is met
A simple correlation analysis using cross-country data suggests that there is at best a weak relationship between student achievement and education spending. In other words, when comparing per pupil spending and average learning outcomes per country, we find that countries with similar levels of spending per student also show enormous differences in how much their … Continue reading
Work – How you feel about your employer’s mission ?
One of the most important dimensions of job satisfaction is how you feel about your employer’s mission. Suppose you’re weighing two offers for jobs writing advertising copy: One is for an American Cancer Society campaign to discourage teenage smoking, the other for a tobacco industry campaign to encourage it. If pay and other working conditions … Continue reading
The Value of Apprenticeships in UK – Wages alone under-estimate the total productivity benefit
The Social Market Foundation (SMF) has undertaken research to look at what types of apprenticeships create the most value, in terms of both wages and firm performance. This in turn will help inform policy recommendations on how Government should support the next phase of the apprenticeships programme. There is strong political commitment to the apprenticeships … Continue reading
After Brexit Vote – The debate in other EU member states about the future of the institution may just be getting started.
A majority of the Greeks (68%) and pluralities of the Dutch (44%), Germans (43%), Italians (39%) and French (39%) all want some EU power returned to their national governments. Both the Dutch and the French have a history of holding referendums on major and not-so-major issues, and Euroskeptic parties in both countries have already voiced … Continue reading
Migration and the UK – 5 facts
Here are five facts about migration into and out of the UK: The UK has the fifth-largest immigrant population in the world, at 8.5 million. 2. As of 2015, the UK’s immigrant population has one of the most diverse groups of origin countries in the world, tying Denmark for the highest diversity score, which measures … Continue reading
The Class of 2016 in US – High school graduates unemployment at 17.9 percent
This paper focuses on recent high school (age 17–20) and college graduates (age 21–24) who are not enrolled in further schooling. We analyze their employment, enrollment, and wage trends in order to glean the Class of 2016’s economic prospects as they start their careers. Due to the progression of the economic recovery and a substantial … Continue reading
Slow Growth in US – At the actual rate, it will take about 160 years to double GDP per person
Over the last decade, the growth rate of real G.D.P. per person has averaged just 0.44 percent per year, compared with the historical norm of 2.0 percent. At a rate of 2.0 percent, incomes double every 35 years. At a rate of 0.44 percent, it takes about 160 years to double. via One Economic Sickness, … Continue reading
Hourly Labour Costs in Europe (2016,Q1) – Up by 1.7%
Hourly labour costs rose by 1.7% in both the euro area (EA19) and the EU28 in the first quarter of 2016, compared with the same quarter of the previous year. In the fourth quarter of 2015, hourly labour costs increased by 1.3% and 2.0% respectively. Chosen excerpts by Job Market Monitor. Read the whole story at Annual … Continue reading
Europe – Employment up by 0.3% in the euro area
The number of persons employed increased by 0.3% in both the euro area (EA19) and the EU28 in the first quarter of 2016 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2015, employment increased by 0.3% in the … Continue reading
Low-Paid Jobs in UK – Initiatives for improving progression helping employers and workers through the same programme
Existing skills and employment support systems concentrate on work entry but policy-makers concerned with addressing poverty also need to focus on individuals in employment and find ways of improving progression from low-paid jobs. This research developed proposals for a package of progression-focused employment and skills initiatives relevant to the needs of Leeds City Region residents … Continue reading
Living with Parents in US – 18- to 34-year-olds more likely for the first time in more than 130 years
A recent Pew Research Center analysis of census data found that in 2014, for the first time in more than 130 years, 18- to 34-year-olds in the U.S. were more likely to be living in their parents’ home than with a spouse or partner in their own household. A closer analysis of the data helps … Continue reading
Federal Taxes in US, 2013 – Highest quintile received a little more than half of total before-tax income and paid more than two-thirds of all federal taxes
Households in the highest income quintile received a little more than half of total before-tax income and paid more than two-thirds of all federal taxes in 2013 (see Figure 1). Households in other income groups received considerably smaller shares of before-tax income and paid considerably smaller shares of federal taxes. Furthermore, the share of taxes … Continue reading
NEETs in US – The majority are aged 20-24, primarily made up of people of color
Three million young people are neither in school nor working, finds a report released today by the Brookings Metropolitan Policy Program. These “disconnected youth” are primarily people of color. In some metros, black and Latino youth are up to six times more likely to be disconnected than young whites. The report, “Employment and disconnection among … Continue reading
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