Economy

Italy : Unemployment Rate Rises To 9.8% and To 35.9% For The 15-24

Italy’s unemployment rate increased for the seventh consecutive month in March to its highest level in at least nine years, data released by the statistical office ISTAT revealed Wednesday. The seasonally adjusted jobless rate rose to 9.8 percent from February’s 9.6 percent, which was upwardly revised from the 9.3 percent reported earlier. The latest jobless … Continue reading →

German unemployment down to 7.0 percent not following Eurozone

As Euro area unemployment hits record high, Germany’s unemployment rate fell to 7.0 percent last month with less than 3 million registered as jobless — the best April value in 20 years, official figures showed Thursday. Germany’s labor agency says the country’s unemployment rate slipped from 7.2 percent in March thanks to the continuing traditional springtime … Continue reading →

Costa Rica’s Skill Gap | In 3 Out of 10 Companies

3 Out of 10 Companies In Costa Rica Unable To Hire Suitable People About 30% of Costa Rican employers say they have difficulty in finding suitable people for the jobs they have available. The figure was released by Manpower in Costa Rica. According to the date, human capital with high job skills is one of … Continue reading →

From factories to cubicles – 60 years of labor market changes in a chart

Migrant Workers | A8 Countries | Great Britain: Overall, have contributed to the growth of the UK economy

“In May 2004 the UK, Sweden and Ireland were the only EU countries to fully open their labour markets to migrant workers from A8 countries.[1]” write Nick Clark and Jane Hardy in Free Movement in the EU – The Case of Great Britain, a report publisher on Bibliothek der Friedrich-Ebert-Stiftung. “The same access to labour … Continue reading →

Wall Street To Cut 21,000 Jobs

Wall Street is earning profits at the moment but that doesn’t mean jobs on the famous financial exchanges of New York are safe as Wall Street recruiters announced this week that “job creators” will be slashing 21,000 jobs from the securities divisions alone. Analysts predict that worldwide cuts will be even larger as big banks … Continue reading →

Israel’s revised jobless rate goes up

Israel’s move to bring its economic statistics in line with leading Western countries has led to a far bleaker picture of its jobs market, undermining claims that the country is riding through the global crisis with relative ease. The Central Bureau of Statistics on Monday unveiled a new employment survey – a reworking of past … Continue reading →

UK | Wealthy and Wealthier

Britain’s wealthiest people saw their fortunes rise to record levels last year, according to the annual Sunday Times Rich List, at a time when most Britons’ earnings and savings were squeezed by inflation and low interest rates. The combined wealth of Britain’s 1,000 richest people swelled by almost five percent to more than 414 billion … Continue reading →

The Big Waste according to Krugman

In Spain, the unemployment rate among workers under 25 is more than 50 percent. In Ireland almost a third of the young are unemployed. Here in America, youth unemployment is “only” 16.5 percent, which is still terrible – but things could be worse. And sure enough, many politicians are doing all they can to guarantee … Continue reading →

Job Gap is extending and has entered a new, more structural phase as austerity prevails says ILO who calls for a Global Job Pact

The World of Work Report 2012 provides a comprehensive analysis of recent labour market and social trends, assesses risks of social unrest and presents employment projections for the next five years. The report emphasizes that while employment has begun to recover slowly, job quality is deteriorating and there is a growing sense of unfairness. Moreover, … Continue reading →

Is american manufacturing in crisis?

As pointed out by Calculated Risk,  industrial production is still 4.1% below the pre-recession peak. And, from the job market perspective, things are worse. Manufacturing’s decline in jobs is part of a complicated picture Is manufacturing in crisis? That’s a question on the minds of many policy makers. Even President Barack Obama talked about it in … Continue reading →

A Juxtaposition of news to see where are the new jobs

Where are the jobs? That’s where the juxtaposition comes in. The real job creation numbers — the staggering numbers — remain outside the United States. • Amazon.com is creating 3,300 jobs in Hyderabad, India. • Ford Motor Co. is creating 5,000 jobs in Sanand, India. • Infosys Technologies is creating 4,000 jobs in China. • … Continue reading →

At The Root Of the Global Job Gap | Finance and economic growth delinked

The neglect of credit and debt in economic theory continues to produce muddled policy thinking. Take the tendency to protect banks lock, stock and barrel, at huge costs. The mantra is that if we let banks go bankrupt, that will ruin the economy. This is a nifty inversion of the truth: it is precisely the … Continue reading →

Anti-austerity waving in Europe

From the anti-austerity firebrands of Greece’s imminent elections to the corruption crusaders in Prague, from the Pirates of Berlin to the populists who scored well in France’s presidential election, a new wave of anti-establishment parties are on the rise across Europe, posing a threat to the political elite. Their causes vary – some are from … Continue reading →

Disinvestment in Education In North America | How do you think we’ll get by in the 21st century ?

Renowned Economist and Nobel Laureate Joseph Stiglitz strongly rebuked the policy of disinvestment in education occurring in  debt-laden US states, as he addressed a packed house at Victoria Street theatre in Santa Barbara on February 19 in 2010. But this is also going on in Canada and the trend seems to get worse every where since … Continue reading →