Job Market Monitor
Economy
The European economy since 2000 – More people in work
Since the start of the millennium, more and more people are in work, while working conditions have changed. Strong increase in female employment rate In the period between 2002 and 2017 the employment rate for the total working age population increased from 67 % in 2002 to 72 % in 2017, mainly due to the … Continue reading
Job Report in EU (QI, 2018) – Employment up by 0.4% but Industrial production down by 0.9% in April 2018
The number of persons employed increased by 0.4% in both the euro area (EA19) and the EU28 in the first quarter of 2018 compared with the previous quarter, according to national accounts estimates published byEurostat, the statistical office of the European Union. In the fourth quarter of 2017, employment increased by 0.3% in the euro … Continue reading
Job Report in Canada, April 2018 – Employment and unemployment were essentially unchanged
Employment was essentially unchanged in April and the unemployment rate held steady at 5.8%. On a year-over-year basis, employment grew by 278,000 (+1.5%). The increase was due to gains in full-time employment (+378,000 or +2.6%), while part-time work declined (-100,000 or -2.8%). In the 12 months to April, total hours worked were up 1.9%. Chart Unemployment rate The number of employed core-aged women … Continue reading
Job Report in US – With alternative seasonal and weather-adjustment, employment actually decelerated, very slightly in April
April jobs growth was modestly boosted by the weather effect. This is because the level of employment in the previous month was held down by unusually snowy weather in early March, whereas April was roughly in line with seasonal norms. The official BLS data show that employment growth picked up a little in April, from … Continue reading
Job Report in US, April 2018 – Employment increased by 164,000 and unemployment at 3.9 percent
Total nonfarm payroll employment increased by 164,000 in April, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, health care, and mining. Household Survey Data In April, the unemployment rate edged down to 3.9 percent, following 6 months … Continue reading
Recessions in UK – Persistent scarring effects on employment and earnings
This paper estimates the effects of entering the labour market when the economy is weak on subsequent living standards using consistent long-running household survey data from the UK. In line with previous research, we find persistent scarring effects on employment and earnings. However, we also provide the first estimates of impacts on net household incomes … Continue reading
Employment rate in EU, 2017 – A record level for people aged 20 to 64
In 2017, the employment rate of people aged 20 to 64 in the European Union (EU) stood at 72.2%, up compared with 2016 (71.1%). The Europe 2020 strategy target is to reach a total employment rate for people aged 20 to 64 of at least 75% in the EU by 2020. This objective has been … Continue reading
Job Report in US, March 2018 – Employment up by 103,000 and unemployment unchanged (4.1 %)
Total nonfarm payroll employment edged up by 103,000 in March, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in manufacturing, health care, and mining. Household Survey Data In March, the unemployment rate was 4.1 percent for the sixth consecutive month,and the number of unemployed … Continue reading
Unemployment in Europe, February 2018 – 8.5% with 17.7% for under 25
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Job in EU Regions – 231 of them (84%) saw it grows in 2016
In 2016, 231 of the EU regions (84%) saw their employment grow in 2016. In 32 other regions, the number of persons employed decreased and in a further 12 employment remained stable. Growth in employment varied widely across the EU regions and within countries. The highest employment growth rates were recorded in Podkarpacie (+7.9%) and … Continue reading
Job Report in Canada, February 2018 – Employment was little changed (+15,000) and unemployment at 5.8%
Employment was little changed in February (+15,000). The unemployment rate declined by 0.1 percentage points to 5.8%. On a year-over-year basis, employment grew by 283,000 or 1.5%. All of this increase was attributable to gains in full-time work (+283,000 or +1.9%), while part-time employment was unchanged. Over the same period, hours worked rose by 3.2%. Employment increased in New Brunswick and Nova Scotia, … Continue reading
Unemployment in Europe, January 2018 – Euro area at 8.6%, EU28 at 7.3% with 3.646 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 8.6% in January 2018, stable compared to December 2017 and down from 9.6% in January 2017. This is the lowest rate recorded in the euro area since December 2008. The EU28 unemployment rate was 7.3% in January 2018, stable compared to December 2017 and down from 8.1% … Continue reading
The Current State of the World of Work – Some progress in the world of work has been achieved says ILO
There has been considerable progress in terms of socio-economic development and recognition of rights. These include, but are not limited to, the following: Job creation has been positive, albeit slightly below the rate of population growth: Total employment (including employees, contributing family workers, own-account workers and employers) continues to grow and has been accompanied by … Continue reading
Job Report in Canada, January 2018 – Employment fell by 88,000 and unemployment increased to 5.9%
Following two months of increases, employment fell by 88,000 in January. Part-time employment declined (-137,000), while full-time employment was up (+49,000). At the same time, the unemployment rate increased by 0.1 percentage points to 5.9%. On a year-over-year basis, employment grew by 289,000 or 1.6%. Gains were driven by increases in full-time work (+414,000 or +2.8%), while there were fewer people working part time … Continue reading
Wages in US – Why pay has lagged behind
With the nationwide unemployment rate at 4.1 percent, the lowest since 2000, economists have been surprised by the slow growth in workers’ paychecks. Historically, when that few people are unemployed, companies have had to pay more to attract workers — simple supply and demand. But maybe competition for workers isn’t quite as intense as the … Continue reading
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