Job Market Monitor
Economy
Canada | Employment Insurance | Recipients Fell by 6,700 and claims down
In February, the number of people receiving regular Employment Insurance (EI) benefits fell by 6,700 (-1.2%) to 552,800. The number of beneficiaries fell in six provinces, with the largest percentage declines occurring in Alberta, Saskatchewan and Quebec. Chart 1 Fewer Employment Insurance beneficiaries in February Number of Employment Insurance claims down in February To receive EI benefits, individuals must first … Continue reading
UPDATE- 2: EU growth plan | Target: 17 million jobs
EC aims to boost European job market | Unemployment With unemployment across the EU continuing to grow, the European Commission has outlined what it believes are ways of increasing the demand-side of job creation and fostering a dynamic employment market. Despite the findings that unemployment figures in the UK improved in the three months to … Continue reading
Unemployment Insurance Weekly Claims Report : Disappointingly Stable
SEASONALLY ADJUSTED DATA In the week ending April 14, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 2,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 374,750, an increase of 5,500 from the previous week’s revised average of 369,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
Arab world | Unemployment ‘at least 16 pct’ after uprisings
Unemployment in the Arab World will be at least 16 per cent in the wake of last year’s uprisings, according to a top official in the Arab Labor Organization (ALO). Mohamed Sherif Dawood was speaking at the opening session of a two-day conference on labour issues that started in Cairo on Wednesday, titled ‘Employment for … Continue reading
U. S. Multinational Companies | Employment abroad increased 1.5 percent, to 11.0 million workers.
Worldwide employment by U.S. multinational companies (MNCs) increased 0.5 percent in 2010, to 34.0 million workers, with increases in both the United States and abroad. Employment in the United States by U.S. parent companies increased 0.1 percent, to 23.0 million workers, which contrasted with a 0.6 percent decrease in total private-industry employment in the United … Continue reading
Intellectual Property-Intensive Industries Account for 40 Million Jobs to US Economy
The U.S. Commerce Department has released a comprehensive report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” which finds that intellectual property (IP)-intensive industries support at least 40 million jobs and contribute more than $5 trillion dollars to, or 34.8 percent of, U.S. gross domestic product (GDP). “This first of its kind report shows … Continue reading
UK | Almost 1 M persons out of work for more than a year by end of 2012 says IPPR
IPPR urges ‘job guarantee’ to tackle ‘hidden crisis’ of long-term unemployment Almost a million people will have been out of work for more than a year by the end of 2012, according to new analysis by the think tank IPPR. The think tank is today raising the alarm over the growing number of people who have … Continue reading
UK Labour Market | Surprisingly Positive Results
The employment rate for those aged from 16 to 64 was 70.4 per cent, up 0.1 on the quarter. There were 29.17 million people in employment aged 16 and over, up 53,000 on the quarter. The unemployment rate was 8.3 per cent of the economically active population, down 0.1 on the quarter. There were 2.65 … Continue reading
Soros | Euro crisis could destroy the EU
Billionaire George Soros warned on Monday that the euro crisis is growing deeper, tearing at the fabric of European Union cohesion, because policymakers are prescribing the wrong remedies. “I’m afraid that the euro crisis is getting worse. It’s not over yet, and it is going in the wrong direction,” Soros said in discussion with Denmark’s … Continue reading
U.S. Entrepreneurship | Immigrants were more than twice as likely to start businesses each month in 2011
The Kauffman Index of Entrepreneurial Activity is a leading indicator of new business creation in the United States and is presented a very comprehensive report. (Adapted Report excerpts by Job Market Monitor following) The Kauffman Index reveals important shifts in the national level of entrepreneurial activity and shifts in the demographic and geographic composition of new entrepreneurs across … Continue reading
Rwanda |10,000 New Jobs Created in 2011
Rwanda received US$ 626 million worth of investments from both foreign and local investors in 2011, a development that is expected to create about 9,060 new jobs. According to Rwanda Development Board’s 2011 statistics, the jobs were made available by 6,000 investment projects that the agency registered as of December 31, 2011. Agriculture, the country’s … Continue reading
UPDATE : EU growth plan | Target: 17 million jobs
European Union officials are putting the final touches to a detailed economic growth plan they hope to unveil next week. The move comes as investors, spooked by the prospect of a deepening recession in the eurozone’s south, have pushed Spanish borrowing costs to their highest levels for four months. A draft of the 28-page plan … Continue reading
U.S. | Measuring the increase in income inequality before-tax and after-tax
Social scientists and philosophers have been concerned with issues surrounding the distribution of income or income inequality for over 200 years—the economist and philosopher Adam Smith discussed these issues as early as 1776. Academic writers have been writing on income inequality measurement issues for at least a century. Policy makers have also long been interested … Continue reading
Trends in Canada’s Payroll Taxes
This short paper is the first in a new Caledon series, caledon social statistics. Using a combination of illustrative graphs and explanatory text, the series will explore social programs, tax benefits and trends in low income and other major social and economic indicators. In addition to income taxes, Canadians pay employment-related taxes, known as payroll … Continue reading
Pennsylvania – Economic future depends on producing more college graduates
A new report finds that the main culprit is the state’s insufficient rate of higher education. In Pennsylvania, 38.6 percent of the state’s nearly 6.7 million working-age adults hold at least a two-year degree, according to the 2010 Census data. In Somerset County that is only 24.75 percent…. “Help Wanted,” a report by the Georgetown … Continue reading
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