Economy

This tag is associated with 2289 posts

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

Job Growth in US – Startup businesses at historically low rates

The U.S. economy is inching along, productivity is flagging and millions of Americans appear locked out of the labor market. One key factor intertwined with this loss of dynamism: The U.S. is creating startup businesses at historically low rates. The American economy has long relied on fast-growing young companies to fuel job growth and spread … Continue reading

US – The erosion in labor mobility and entrepreneurship since 2000 can be more accurately explained by weak demand

Academics and policymakers have recently focused on a worsening economic phenomenon commonly referred to as the decline in “business dynamism,” that is, the declining rate at which new businesses are formed and the rate at which they grow. This decline in dynamism and entrepreneurship accompanies a decline in overall labor market mobility, including quits and … Continue reading

Slow Growth in US – At the actual rate, it will take about 160 years to double GDP per person

Over the last decade, the growth rate of real G.D.P. per person has averaged just 0.44 percent per year, compared with the historical norm of 2.0 percent. At a rate of 2.0 percent, incomes double every 35 years. At a rate of 0.44 percent, it takes about 160 years to double. via One Economic Sickness, … Continue reading

Europe – Employment up by 0.3% in the euro area

The number of persons employed increased by 0.3% in both the euro area (EA19) and the EU28 in the first quarter of 2016 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2015, employment increased by 0.3% in the … Continue reading

US – The Labor Market Conditions Index is going in the wrong direction

Fed officials, and other economists, have been grappling with the divergence between relatively weak reported economic growth and relatively strong job growth. Those at the Fed have largely taken the view that labor market data is more accurate, which has been true over time. Wrong Direction The Federal Reserve created an index to better measure … Continue reading

Canada – Recent developments in the labour market

Total employment increased by 64,000 (+0.4%) in the last six months of 2015 on gains in  part-time work and self employment. Full-time employment was little changed during the second half of the year after notable gains in the first six months (+123,000). Individuals aged 55 and older  accounted for all of the net gain in … Continue reading

Industrial Production in Euro Area (March 2016) – Down by 0.8%

In March 2016 compared with February 2016, seasonally adjusted industrial production fell by 0.8% in the euro area (EA19) and by 0.5% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In February 2016 industrial production fell by 1.2% in the euro area and by 1.0% in the EU28. … Continue reading

Job Outlook in Alberta’s Oil Sand Sector – A decrease of 84% of on-site construction jobs by 2020

In today’s economic environment, fluctuations in oil prices are resulting in regular revisions of capital and operating expenditure projections. This report, together with other industry and sectoral employment outlooks to be released in 2016, serve to provide projected employment based on 2015 spending projections, as well as forecasted production volumes released by the Canadian Association of Petroleum … Continue reading

Job Report in Canada, March 2016 – Employment increased by 41,000 (+0.2%), lowering the unemployment rate to 7.1%

After three months of little change, employment increased by 41,000 (+0.2%) in March, lowering the unemployment rate by 0.2 percentage points to 7.1%. With the gains in March, employment grew by 0.2% in the first quarter (+33,000). This was the fourth consecutive quarter with 0.2% employment growth. In the 12 months to March, employment increased by 130,000 (+0.7%), the result of growth in full-time work. Over … Continue reading

Job Report in US, March 2016 – Clearly a strong report: total nonfarm payroll employment rose by 215,000 and the unemployment little changed at 5.0 percent

Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, construction, and health care. Job losses occurred in manufacturing and mining. Household Survey Data In March, the unemployment rate (5.0 percent) and the … Continue reading

Global Job Market Outlook – Unemployment to increase by a further 3.4 million over the next two years ILO says

The global economic slowdown that occurred in 2015 is likely to have a delayed impact on labour markets in 2016, resulting in a rise in unemployment levels, particularly in emerging economies. Based on the most recent growth projections, global unemployment is expected to rise by nearly 2.3 million in 2016 and by a further 1.1 … Continue reading

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