Job Market Monitor
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Europe – Try the improved European Unemployment Insurance scheme simulator
Following on from our previous blog post on this topic, we invite you to try out our improved European Unemployment Insurance (EUI) scheme simulator which now includes a line graph to chart the evolution of the net flows from the scheme and its situation, as well as a heat map of all European countries. Chosen … Continue reading
Unemployment in Germany – Steady at 6.7 percent in September
German joblessness increased unexpectedly in September but the jobless rate remained low and a surge in August retail sales offered hope that private consumption can help prop up Europe’s largest economy in the third quarter. The number of people out of work rose by 13,000 to 2.918 million – its highest level since January – … Continue reading
US – Long-Term unemployment does not harden into structural unemployment finds the Economic Policy Institute (EPI)
This paper finds that regardless of duration, involuntary job loss leads to significant and long-lasting economic damage to individuals and their families. Specific findings on microeconomic scarring include: Excess unemployment during the Great Recession will likely lead to long-run wage losses just for displaced high-tenure workers (those who had the same job for more than … Continue reading
Ph.D. – What students should know about the job market
Below I have outlined a few things I wish I had been told at the beginning of this journey. 1. Know how bad the job market sucks and why. 2. Find out what can get you one of those precious few jobs. 3. Prepare for the academic path to blow up in your face. Chosen … Continue reading
US – The decline in the share of middle-skill jobs has largely been driven by technological advancements and outsourcing of jobs overseas
The labor market is extremely complex and it’s constantly evolving. There are two big themes we’ve seen in recent decades: 1) companies have increasingly outsourced tasks overseas and 2) companies have increasingly automated functions. These themes have been devastating for those at the middle-skill level. Wells Fargo Securities’ Eugenio Aleman and Anika Khan recently published … Continue reading
US – We should focus on the problems of real people says a Fed economist (on leave)
The U.S. job market remains far from full health despite recent progress, and requires active efforts by policy makers to help it heal, a Federal Reserve economist said Wednesday.Andrew Levin, currently on leave from the central bank while working at the International Monetary Fund, played down the idea that much of the weakness in the … Continue reading
For an European unemployment insurance – A Commission Report
The best idea for an EMU-level automatic fiscal stabiliser is in my view a scheme where fiscal stimulus is provided to countries of the monetary union based on developments in their short-term unemployment. Unemployment is an indicator whose big advantages are that it very closely follows developments in the economic cycle, it is easily understandable, … Continue reading
Saab – Restart will ‘take time’
For a fleeting moment a few weeks ago, the news from Saab-owner National Electric Vehicle Swedenappeared almost positive. The company had its reorganization plan approved (a day after it was denied), and the automaker was actually showing a real, running vehicle, albeit one with a top speed of 75 miles per hour. But those tiny … Continue reading
Working on Wall Street – The occupational hazards
All occupations have hazards. An occupational hazard of the Internet columnist, for instance, is that he becomes the sort of person who says whatever he thinks will get him the most attention rather than what he thinks is true, so often that he forgets the difference. The occupational hazards of Wall Street are more interesting … Continue reading
Skills Gap in US – 31 percent say employers aren’t willing to train new hires for the specific skills they need
In a new online survey of over 2,000 U.S. adults, conducted by Harris Poll on behalf of online business training software leader Mindflash, both employed and unemployed Americans believe that employers’ lack of willingness to train new employees is the leading reason why many Americans are unemployed and job opportunities are sitting unfilled for longer … Continue reading
Finland – The real unemployment rate is 12 percent says the Pellervo Economic Research Institute
Finland’s real unemployment rate would surpass 12 percent if the so-called “hidden unemployed” were to join the job market, according to a think tank researcher. The term hidden unemployed refers to unemployed persons who are not registered as actively looking for work. The rapid increase in the number of unemployed persons who’ve abandoned the search … Continue reading
US – Champion of low-paying jobs says OECD report
The U.S. has more low-paying jobs than any other country in the Organisation for Economic Co-operation and Development, an economic group of 34 developed countries, according to a research note released by Morgan Stanley on Monday. Economists Ellen Zentner and Paula Campbell based their analysis on the OECD Economic Outlook Report, which documents employment and … Continue reading
Labor Shortages in Japan – 32.1% of compagnies had not been able to meet their April–June recruitment targets
In July 2014, Recruit Works Institute, the research division of the HR services giant Recruit Holdings, released a report on companies’ response to the tight labor market. The report was based on 1,000 responses to a June 20–24 nationwide Internet survey targeting people directly or indirectly involved in hiring at private businesses with 30 or … Continue reading
2,325 Billionaires, a record with $7.3 trillion in wealth
Billionaires make up 1% of the world’s ultra-high-net-worth population (net worth of $30 million or more), according to the Wealth-X and UBS Billionaire Census 2014, yet they control 4% of the world’s wealth. The global billionaire population grew to a record 2,325, up by 7% from the 2013 study, and is on track to increase … Continue reading
US – 1.3 million homeless students enrolled in public schools (all levels)
A growing number of students don’t have homes to return to once classes are out. Approximately 1.3 million students enrolled in U.S. public preschools, elementary schools, middle schools and high schools schools were homeless during the 2012-13 school year. That’s up 8% from the prior year, and the highest number on record, according to the … Continue reading
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