Economy

This tag is associated with 2335 posts

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

Job Report in US, January 2018 – Employment increased by 200,000, unemployment rate was unchanged and hourly earnings up by 2.9 percent

Total nonfarm payroll employment increased by 200,000 in January, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing. Household Survey Data In January, the unemployment rate was 4.1 percent for the … Continue reading

Job Vacancies in Canada, QIII 2017 –  468,000, up 15.1% (62,000) in one year

Canadian businesses reported 468,000 job vacancies in the third quarter, up 62,000 (+15.1%) from the third quarter of 2016. The overall job vacancy rate increased 0.3 percentage points to 2.9% in the quarter. The job vacancy rate represents the number of job vacancies expressed as a percentage of labour demand; that is, the sum of all occupied and vacant jobs. Vacancies for permanent … Continue reading

Job Report in Europe, November 2017 – Unemployment at 8.7% with 3.698 million young persons unemployed

The euro area (EA19) seasonally-adjusted unemployment rate was 8.7% in November 2017, down from 8.8% in October 2017 and from 9.8% in November 2016. This is the lowest rate recorded in the euro area since January 2009. The EU28 unemployment rate was 7.3% in November 2017, down from 7.4% in October 2017 and from 8.3% … Continue reading

Job Report in US, December 2017 – Employment increased by 148,000 and unemployment rate was 4.1 percent for the third consecutive month

Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care, construction, and manufacturing. Household Survey Data In December, the unemployment rate was 4.1 percent for the third consecutive month. The number of unemployed … Continue reading

Job Report in Canada, December 2017 – Unemployment rate at 5.7%, the lowest since comparable data became available in January 1976

Employment increased for a third consecutive month, up 79,000 in December. The unemployment rate continued on a downward trend, decreasing by 0.2 percentage points to 5.7%, the lowest since comparable data became available in January 1976. The employment increase in December was concentrated in part-time work, which rose by 55,000. The additional employment in December builds on growth observed in October … Continue reading

Job Report in US – Employment increased by 228,000 with unemployment 4.1 percent

Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care. Household Survey Data The unemployment rate held at 4.1 percent in November, and the number … Continue reading

Job Report in Europe, October 2017 – Unemployment at 8.8% with 3.722 million young persons (under 25)

The euro area (EA19) seasonally-adjusted unemployment rate was 8.8% in October 2017, down from 8.9% in September 2017 and from 9.8% in October 2016. This is the lowest rate recorded in the euro area since January 2009. The EU28 unemployment rate was 7.4% in October 2017, down from 7.5% in September 2017 and from 8.3% … Continue reading

The workforce in Canada – The 2016 Census (infographics)

Chosen excerpts by Job Market Monitor. Read the whole story at  Canadians in the workforce, 2016 Census of Population

The Great Recession in US – 5 Ways how the workforce has changed

Here are five ways in which the U.S. workforce has changed since the onset of the Great Recession. A smaller share of Americans are in the labor force. In December 2007, two-thirds (66.0%) of civilians ages 16 and over either were employed or actively looking for work; as of October of this year, only 62.7% were. The … Continue reading

Job Report in Canada, October 2017 – Employment increased by 35,000 and unemployment rate rose 0.1 percentage points to 6.3%

Employment increased by 35,000 in October, and the unemployment rate rose 0.1 percentage points to 6.3%. Employment gains in the month were driven by full-time work (+89,000), while fewer people worked part time (-53,000). On a year-over-year basis, total employment rose by 308,000 (+1.7%), with full-time work increasing by 397,000 (+2.7%) and the number of people working part time declining by 89,000 (-2.5%). On a year-over-year … Continue reading

Job Report in US, October 2017 – Total nonfarm payroll employment rose by 261,000 and unemployment down to 4.1 percent

Total nonfarm payroll employment rose by 261,000 in October, and the unemployment rate edged down to 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment in food services and drinking places increased sharply, mostly offsetting a decline in September that largely reflected the impact of Hurricanes Irma and Harvey. In October, job gains also occurred in professional … Continue reading

Canada – Total employment rose by 186,000 (+1.0%) in the first six months of 2017

Economic activity continued to strengthen in the first half of 2017 as household spending, exports and business investment supported growth. Business outlays on non-residential structures, machinery and equipment, and intellectual property assets rose during the first two quarters of the year, following notable declines during 2015 and 2016. Real gross domestic product (GDP) increased for … Continue reading

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