Job Market Monitor
Economy
Global Labor Market – Unemployment projected to rise in the next two years says ILO
A lack of decent work combined with rising unemployment and persisting inequality is making it increasingly difficult for people to build better lives through their work, according to the latest edition of the ILO’s global report on employment and social trends. Chosen excerpts by Job Market Monitor. Read the whole story @ Flagship report: World Employment and … Continue reading
Industrial Production in Euro Area, July 2019 – Down by 0.4%
In July 2019 compared with June 2019, seasonally adjusted industrial production fell by 0.4% in the euro area (EA19) and by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2019, industrial production fell by 1.4% in both the euro area and EU28. In July 2019 … Continue reading
Recession in US – Most NABE economists expect it by the end of 2021
“Survey respondents indicate that the expansion will be extended by the shift in monetary policy, and most expect the next economic recession will occur later than anticipated when the February policy survey was conducted,” said NABE President Constance Hunter, CBE, chief economist, KPMG. “Of the 98% of respondents who believe a recession will come after … Continue reading
Job Report in Canada, July 2019 – Employment was little changed for the third consecutive month and unemployment up to 5.7%
Employment was little changed for the third consecutive month in July. The unemployment rate increased by 0.2 percentage points to 5.7% as more people searched for work. Compared with July 2018, employment was up by 353,000 (+1.9%), driven by gains in full-time work (+326,000 or +2.2%). Over the same period, hours worked increased by 0.7%. To explore the most recent results from the … Continue reading
US – Private Sector Payroll Jobs During Presidential Terms
Th[is] graph is for private employment only. Mr. Trump is in Orange (30 months). The employment recovery during Mr. G.W. Bush’s (red) first term was sluggish, and private employment was down 821,000 jobs at the end of his first term. At the end of Mr. Bush’s second term, private employment was collapsing, and there were net 382,000 private … Continue reading
Job Report in Canada, April 2019 – Employment rose by 107,000 and unemployment at 5.7%, historically low in Quebec
Employment rose by 107,000 in April, with notable gains in part-time work for youth. The unemployment rate declined by 0.1 percentage points to 5.7% as more people participated in the labour market. On a year-over-year basis, employment grew by 426,000 (+2.3%), with gains in both full-time (+248,000) and part-time (+179,000) work. Over the same period, total hours worked were up 1.3%. Employment up … Continue reading
Job Report in US, April 2019 – Employment rebounds with a 263,000 increase and at 3.6 percent, the lowest rate since December 1969
Total nonfarm payroll employment increased by 263,000 in April, and the unemployment rate declined to 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, construction, health care, and social assistance. Household Survey Data The unemployment rate declined by 0.2 percentage point to 3.6 percent in … Continue reading
Annual Review of Labour market in Canada, 2018 – Record-low unemployment rate
Canada’s record-low unemployment rate was one of several notable labour market trends in 2018. While the overall labour force participation rate continued to decrease, in keeping with the aging population, it reached a record high 83.2% among women in the core working ages of 25 to 54. The long-term trend of increasing labour force participation for people aged 55 and older was … Continue reading
Job Report in US, March 2019 – Employment increased by 196,000 and unemployment unchanged at 3.8 percent
Total nonfarm payroll employment increased by 196,000 in March, and the unemployment rate was unchanged at 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional and technical services. Household Survey Data The unemployment rate remained at 3.8 percent in March, and the number of … Continue reading
Job Report in Canada, March 2019 – Employment held steady and unemployment remained unchanged at 5.8%
Following increases in January and February, employment held steady in March. The unemployment rate remained unchanged at 5.8%. In the first quarter of 2019, employment rose by 116,000 (+0.6%). On a year-over-year basis, employment grew by 332,000 (+1.8%), with gains in both full- (+204,000) and part-time (+128,000) work. Over the same period, total hours worked rose by 0.9%. Highlights Employment increased in … Continue reading
Job Openings in US – Increased to 7.6 Million in January with more of them than people unemployed for the eleventh consecutive month
In January there were 7.581 million job openings, and, according to the January Employment report, there were 6.535 million unemployed. So, for the eleventh consecutive month, there were more job openings than people unemployed. Also note that the number of job openings has exceeded the number of hires since January 2015 (4 years). Chosen excerpts … Continue reading
Job Report in Europe, QIV2018 – The number of persons employed increased by 0.3% in the euro area and by 0.2% in the EU28
The number of persons employed increased by 0.3% in the euro area and by 0.2% in the EU28 in the fourth quarter of 2018 compared with the previous quarter. In the third quarter of 2018, employment increased by 0.2% in both zones. Compared with the same quarter of the previous year, employment increased by 1.3% … Continue reading
Job Report in Canada, February 2019 – Employment grew for a second consecutive month, up 56,000
Employment grew for a second consecutive month, up 56,000 in February, driven by gains in full-time work. The unemployment rate was unchanged at 5.8% as the number of people searching for work held steady. In the 12 months to February, total employment grew by 369,000 or 2.0%, reflecting increases in both full- (+266,000) and part-time (+103,000) work. Over the same period, total hours … Continue reading
Job Report in US, February 2019 – A very weak month – total nonfarm payroll employment up by only 20,000
Total nonfarm payroll employment changed little in February (+20,000), and the unemployment rate declined to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment in professional and business services, health care, and wholesale trade continued to trend up, while construction employment decreased. Household Survey Data The unemployment rate declined by 0.2 percentage point … Continue reading
CBO’s 10-years Economic Outlook for US – The economy expands more slowly with debt on an unsustainable course
The Economy – In CBO’s economic forecast, which underlies its budget projections, the economy expands more slowly over the next decade than it did in 2018, averaging annual growth of 1.7 percent over the 2020– 2029 period. The slowdown begins in 2019 as the positive efects of recent tax legislation on business investment are expected … Continue reading
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