Economy

This tag is associated with 2321 posts

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

Fields of Study across OECD – Disturbing facts

This edition of Education at a Glance focuses on fields of study, analysing various indicators through the prism of young adults’ career choices. Results show that the most common field of study in which tertiary students enrol is business, administration and law, whereas science, technology, engineering and mathematics, commonly referred to as the STEM fields, … Continue reading

Job Report in US, September 2017 – Employment down by 33,000 after hurricanes

The unemployment rate declined to 4.2 percent in September, and total nonfarm payroll employment changed little (-33,000), the U.S. Bureau of Labor Statistics reported today. A sharp employment decline in food services and drinking places and below-trend growth in some other industries likely reflected the impact of Hurricanes Irma and Harvey.   Chosen excerpts by Job … Continue reading

Job Report in Canada, September 2017 – Employment and unemployment essentially unchanged

Employment was essentially unchanged in September (+10,000 or +0.1%). The unemployment rate remained at 6.2%, matching the low of October 2008. Chart Unemployment rate Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Labour Force Survey, September 2017

Canada, 2016 Census – 10.8% increase in median total household income in 10 years  

The median total income of Canadian households rose from $63,457 in 2005 to $70,336 in 2015, a 10.8% increase. Today, Statistics Canada is releasing data from the 2016 Census on the incomes of Canadians. This release presents incomes of Canadians as measured in 2015, and looks at trends over the 2005-to-2015 period, a decade of significant income growth and economic change. Chosen excerpts by Job Market … Continue reading

Employment in Europe – Higher-paid jobs have continued to grow faster

During 2016, employment in the EU finally returned to the same level as before the global financial crisis. The recovery that began in 2013 has resulted in the net creation of eight million new jobs. Most of this net new employment has been created in services, but there has also been a marked rebound in … Continue reading

August 2017 Job Report in US – Disappointing with total nonfarm payroll employment increased by 156,000

Total nonfarm payroll employment increased by 156,000 in August, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in manufacturing, construction, professional and technical services, health care, and mining. Household Survey Data In August, the unemployment rate, at 4.4 percent, and the number … Continue reading

Portugal – Raising skills remains a priority and lifelong learning activities should focus more on the low skilled OECD says

Despite significant progress made, improving skills remains one of Portugal’s key challenges for raising growth, living standards and well-being. Upskilling the adult population remains a priority and lifelong learning activities should focus more on the low skilled. While active labour market policies have increased their training content in recent years, spending per unemployed is still … Continue reading

Unemployment in Europe (July 2017) – At 9.1% for the Euro area and 3.792 million under 25 unemployed in the EU28

The euro area (EA19) seasonally-adjusted unemployment rate was 9.1% in July 2017, stable compared to June 2017 and down from 10.0% in July 2016. This is the lowest rate recorded in the euro area since February 2009. The EU28 unemployment rate was 7.7% in July 2017, stable compared to June 2017 and down from 8.5% … Continue reading

Job Report in US, July 2017 – Employment increased by 209,000

Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care. Household Survey Data Both the unemployment rate, at 4.3 percent, and the number … Continue reading

The Fed’s Report to the Congress, July 12, 2017 – The labor market has continued to strengthen

Semiannual Monetary Policy Report to the Congress (July 12, 2017)  Chair Janet L. Yellen (Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C.) Chairman Hensarling, Ranking Member Waters, and other members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. In my remarks … Continue reading

Job Report in UK, March to May 2017 – The unemployment rate at 4.5%, the lowest since 1975

The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.5%, down from 4.9% for a year earlier and the lowest since 1975. Estimates from the Labour Force Survey show that, between December 2016 to February 2017 and March to May 2017, the number of people in work increased, … Continue reading

Job Report in US, June 2017 – Employment increased by 222,000 and unemployment little changed at 4.4 percent while labor force increased

Total nonfarm payroll employment increased by 222,000 in June, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in health care, social assistance, financial activities, and mining. Household Survey Data In June, the unemployment rate, at 4.4 percent, and the number of unemployed persons, … Continue reading

Job Report in Canada, June 2017 – Employment rose by 45,000 in June, mostly in part-time work

Employment rose by 45,000 in June, mostly in part-time work. The unemployment rate was 6.5%, down 0.1 percentage points from the previous month. Compared with 12 months earlier, there were 351,000 (+1.9%) more people employed. Most of the growth was in full-time work (+248,000 or +1.7%), while part-time employment was also up (+103,000 or +3.0%). The total number of hours worked increased 1.4% over this period. In … Continue reading

Finland – Is the unemployment rate a good measure of labour market slack?

Observations that the official unemployment rate does not describe labour market slack sufficiently broadly have led to the development of broadened measures of unemployment. These types of measures are regularly used, at least in the United States and have also occasionally been explored by the ECB. Such measures seek to include, in addition to people … Continue reading

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