Economy

This tag is associated with 2300 posts

FedViews – The April jobs report left little doubt that the economy has reached full employment

The April jobs report left little doubt that the economy has reached full employment. Unemployment fell to 4.5% in March, below most estimates of its sustainable level in a healthy economy, or the natural rate. Other indicators also point to stronger conditions. For example, the number of workers who reported being involuntarily part time employed … Continue reading

US – Income volatility is the result of broad shifts in the labor market

The lack of access to stable, predictable cash flows is the hard-to-see source of much of today’s economic insecurity. We came to understand this after analyzing the U.S. Financial Diaries (USFD), an unprecedented study to collect detailed cash flow data for U.S. households. From 2012 to 2014 we set up research sites in 10 communities across the country. The USFD research … Continue reading

Industrial Production in Europe – Down by 0.3% in euro area, down by 0.2% in EU28

In February 2017 compared with January 2017, seasonally adjusted industrial production fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January 2017 industrial production rose by 0.3% in both zones. Chosen excerpts by Job Market Monitor. Read the … Continue reading

The disconnect between growth and employment (video) – ILO’s World Employment and Social Outlook: Trends 2017

Growth continues to disappoint, both in terms of its level but also in terms of its ability to make important inroads to making growth more inclusive. The ILO’s World Employment and Social Outlook – Trends 2017 highlights the challenges for the coming year in jobs and the labour market. Chosen excerpts by Job Market Monitor. Read … Continue reading

Environment – The greening of economies will require a mix of macroeconomic, industrial, sectoral, labour market and skills policies

The greening of economies through public and private investments in the context of sustainable development and poverty eradication will require a mix of macroeconomic, industrial, sectoral, labour market and skills policies. These investments in the formal and informal sector will create and enable sustainable enterprises to prosper. Paying close attention to skills development for the transition to environmentally … Continue reading

Unemployment in the Euro area, February 2017 – At 9.5%, with 3.905 million young persons

The euro area (EA19) seasonally-adjusted unemployment rate was 9.5% in February 2017, down from 9.6% in January 2017 and from 10.3% in February 2016. This remains the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.0% in February 2017, down from 8.1% in January 2017 and from 8.9% in … Continue reading

The Fourth Industrial Revolution – This transformation is going to change the way we produce goods, provide services, and collaborate with our colleagues

The final panel, moderated by Tilak Agerwala, formerly of IBM, focused on the human-technology frontier. It opened with a presentation by Fay Cook of the National Science Foundation (NSF), who spoke about work at the human-technology frontier. “We are on the cusp of major transformations in work and the workplace driven by new and emerging … Continue reading

Unemployment Rate in Europe, January 2017 – 9.6% for the Euro Area, 4.017 million young persons overall

The euro area (EA19) seasonally-adjusted unemployment rate was 9.6% in January 2017, stable compared to December 2016 and down from 10.4% in January 2016. This remains the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.1% in January 2017, down from 8.2% in December 2016 and from 8.9% … Continue reading

The three-fold effects of technology and globalization on labor markets

The effects of technology—especially digital innovation—and globalization on labor markets are three-fold. The first effect is disruption as jobs relocate to take advantage of lower costs, evolve to entail different tasks, or undergo wholesale change with the elimination of old jobs and the emergence of new ones. Disruption is a permanent feature of any dynamic … Continue reading

Growth and Employment – The challenges for the coming years

Growth continues to disappoint, both in terms of its level but also in terms of its ability to make important inroads to making growth more inclusive. The ILO’s World Employment and Social Outlook – Trends 2017 highlights the challenges for the coming year in jobs and the labour market.    

Manufacturing Jobs in US – About 157,000 U.S. workers quit in October, the highest level in more than eight years

About 157,000 U.S. workers quit a manufacturing job in October, the highest level in more than eight years and a reminder of the massive churn across the labor market. Falling factory employment has been running theme of 2016, and President-elect Donald Trump has made those jobs a priority. Underneath the long-term slide in employment is a more dynamic … Continue reading

Job Report in US, October 2016 – Total nonfarm payroll employment rose by 161,000

Total nonfarm payroll employment rose by 161,000 in October, and the unemployment rate was little changed at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care, professional and business services, and financial activities. Household Survey Data The unemployment rate, at 4.9 percent, and the number of … Continue reading

Le commerce Canada-Europe – Excédent record du commerce de biens de l’UE en 2015

Excédent record du commerce de biens de l’UE avec le Canada à 7 milliards d’euros en 2015… … mais excédent du commerce de services au plus bas Chosen excerpts by Job Market Monitor. Read the whole story at  Excédent record du commerce de biens de l’UE avec le Canada à 7 milliards d’euros en 2015

The Nordic Countries – Working there

Apart from a number of differences between the countries in the Nordic region as regards the structure and policies of their labour markets generally, there is a core of common types of approaches, standards and values which together de ne the nature of working life and labour market policy in the Nordic countries so that … Continue reading

Industry in EU – 19% of total gross value added and 15% of employment

In 2015, industry was still the largest economic activity in the European Union (EU) in terms of output generated. Accounting for 19.3% of EU total gross value added (GVA), industry was immediately ahead of the economic activities “Public administration, defence, education, human health and social work activities” (19.1%) and “Wholesale and retail trade, transport, accommodation … Continue reading

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