Economy

This tag is associated with 2355 posts

Economy in Europe – Industrial production fell for a second month in a row

In July 2018 compared with June 2018, seasonally adjusted industrial production fell by 0.8% in the euro area (EA19) and by 0.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2018, industrial production fell by 0.8% in the euro area and by 0.5% in the EU28. … Continue reading

Job Openings in US – Exceed the number of job seekers by more than 650,000 in July

The number of available jobs in the U.S. exceed the number of job seekers by more than 650,000 in July—a gap that has been growing—in a sign of an increasingly tight labor market that is altering how employers find workers. Chosen excerpts by Job Market Monitor. Read the whole story at Job Openings Exceed Unemployed Americans Again … Continue reading

Job Report in Europe, Q2-2018 – Employment increased by 0.4%

The number of persons employed increased by 0.4% in both the euro area (EA19) and the EU28 in the second quarter of 2018 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2018, employment increased by 0.4% in the … Continue reading

Job Report in US, August 2018 – Employment up by 201,000 and unemployment stays at 3.9 percent

Total nonfarm payroll employment increased by 201,000 in August, and the unemployment rate was unchanged at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, wholesale trade,transportation and warehousing, and mining. Household Survey Data The unemployment rate remained at 3.9 percent in August, and … Continue reading

Job Report in Canada, August 2018 – Employment fell by 52,000 and unemployment up at 6.0%

Following two months of increases, employment fell by 52,000 in August. Part-time employment declined by 92,000 while full-time employment edged up. At the same time, the unemployment rate increased 0.2 percentage points to 6.0%. On a year-over-year basis, employment grew by 172,000 or 0.9%. Full-time employment increased (+326,000 or +2.2%), while the number of people working part-time declined (-154,000 or -4.3%). Over the same period, total hours … Continue reading

Job Report in Canada, July 2018 – Employment rose by 54,000, unemployment rate declined to 5.8%

Employment rose by 54,000 in July, driven by gains in part-time work. The unemployment rate declined by 0.2 percentage points to 5.8%. In the 12 months to July, employment grew by 246,000 (+1.3%). These gains were largely the result of growth in full-time work (+211,000 or +1.4%). Over this period, the total number of hours worked rose by 1.3%. Highlights Ontario, British Columbia and Newfoundland and … Continue reading

Job Report in US, July 2018 – Employment rose by 157,000 and unemployment down to 3.9 percent

Total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, in manufacturing, and in health care and social assistance. Household Survey Data In July, the unemployment rate edged down by 0.1 percentage … Continue reading

Euro Area Unemployment, May 2018 – At 8.4% with 3.377 million young persons out of work (under 25)

The euro area (EA19) seasonally-adjusted unemployment rate was 8.4% in May 2018, stable compared with April 2018 and down from 9.2% in May 2017. This remains the lowest rate recorded in the euro area since December 2008. The EU28 unemployment rate was 7.0% in May 2018, stable compared with April 2018 and down from 7.7% … Continue reading

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

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