Job Market Monitor
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US by State – The unemployment rate before and after the great recession
Even before the recession, there was a huge range in unemployment rates among states. Most of the dozen states that have seen their unemployment rates fall since before the recession have benefited from the recent boom in the oil and gas business. Many of the states where the unemployment rate is much higher than it … Continue reading
Interns in Canada – Mostly female, underpaid or unpaid
Preliminary findings from an upcoming study on internships in Canada show that the majority of interns are young women who make less than the provincial minimum wage — if they’re paid at all. The study, to be released soon by two researchers at the University of Victoria and the Canadian Intern Association, is aimed at … Continue reading
US Job Report for August 2014 – A disappointing employment increase of 142,000
Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate was little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services and in health care. Household Survey Data In August, both the unemployment rate (6.1 percent) and the number of unemployed … Continue reading
Canada Job Report for August 2014 – Employment increased by 81,000, mostly in part-time work the last 12 months
But economy shed 11,000 jobs last month… And take care about the way StatCan writes it! From the official press release Employment was little changed in August and the unemployment rate remained at 7.0%. Compared with 12 months earlier, employment increased by 81,000 (+0.5%), mostly in part-time work. Over the same period, the total number of hours worked was virtually unchanged… … Continue reading
Gender Gap in UK – Women to take two-thirds of high-skilled roles over next six years says UKCES
An increase in the gap between women’s and men’s qualifications will see women take two-thirds of high-skilled jobs across the next six years, according to the UK Commission for Employment and Skills (UKCES). The report, UK Skills and International Competitiveness, predicts that by 2020 49% of women will have degree-level qualifications, up from 38% today. For men … Continue reading
US – Employability makes unemployment to trickles down to lower-skilled workers research finds
Unemployment “trickles down” to America’s poorest and most vulnerable because, during recessions, higher-income workers with more education take jobs that are below their qualification level, according to new research. Such underemployment, in turn, leaves fewer job openings for which the so-called lower-skilled workers are qualified. “Some high-skill workers move down the occupational ladder in order … Continue reading
Europe’s Job Market vs US – Doing better
Compare unemployment rates, and America’s job market looks much stronger than Europe’s. The U.S. rate for August, being released Friday, is expected to be a near-normal 6.1 percent. In the 18 countries that use the euro currency, by contrast, it’s a collective 11.5 percent. Yet by some measures, Europe is doing better. It’s been more … Continue reading
UK – A record number of people are looking for extra hours to top up their wages finds Trades Union Congress
The number of people who are under-employed has increased by nearly 100,000 over the last two years, according to new analysis published by the TUC today (Wednesday). The analysis shows that while unemployment has fallen by over 400,000 since early 2012, under-employment has risen by 93,000. And at 3.4 million the current level of under-employment … Continue reading
The Middle Class in US – Wealth fell 35 percent from 2005 to 2011
A new US Census Bureau report shows that the median household’s net worth fell from $106,591 to $68,839 from 2005 to 2011: Chosen excerpts by Job Market Monitor. Read the whole story at Middle class households’ wealth fell 35 percent from 2005 to 2011 – Vox.
Nigeria – 4.5 Million new jobs required annually report says
A report by the Nigeria Stability and Reconciliation Programme, NSRP, indicates that Nigeria should create 4.5 million jobs annually to tackle the high level of unemployment in the country. It added that concerted effort made towards attaining the target would create enduring benefits to Nigeria and the entire African continent. The report, which was made … Continue reading
Youth Job Guarantee in India – Improving over time
While politicians in the advanced economies think it is a clever strategy to deliberately create poverty via unemployment, there are now several countries which have implemented direct job creation schemes to counter the major problems associated with persistent unemployment. For example, the Argentinean government introduced the Jefes de Hogar (Head of Households) program in 2001 … Continue reading
Youth unemployment in Australia – The Brotherhood of St Laurence has just released a new report
The Brotherhood of St Laurence has today released a new report on the growing scourge of youth unemployment and underemployment in Australia, which is at the worst level since records began in 1978, with more than 580,000 Australians aged 15 to 24 either under-employed or unemployed: Today, young people are more likely to be underemployed … Continue reading
Layoffs in Finland – The autumn will be even bleaker than the summer
The autumn will be even bleaker than the summer in terms of unemployment, according to employment experts. Firms are no longer simply putting employees on furlough, but are more eager to terminate their agreements outright. One researcher says that the situation can now be described as mass unemployment. Chosen excerpts by Job Market Monitor. Read … Continue reading
Atlantic City – A loss of 5,700 jobs in a couple of weeks
The Atlantic City region is on the brink of a short-term economic disaster. Atlantic City made history 36 years ago when it opened the first legal casinos in the United States outside Las Vegas. Now it’s doing so again as casino employment – which for years exceeded the number of city residents – drops precipitously … Continue reading
US Labor Secretary on Long-Term Unemployed – It keeps me up at night because their stories are so compelling
Perez said the plight of the long-term unemployed – or those without work for at least 27 weeks — is the one issue that has caused him to lose sleep. He has met with many such workers since becoming Labor Secretary about a year ago. “It keeps me up at night because their stories are … Continue reading
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