Economy

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Job Report in US, December 2018 – Employment increased by 312,000 but unemployment rose by 0.2 percentage point to 3.9 percent

Total nonfarm payroll employment increased by 312,000 in December, and the unemployment rate rose to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, food services and drinking places, construction, manufacturing, and retail trade. Household Survey Data The unemployment rate rose by 0.2 percentage point to 3.9 percent … Continue reading

Employment-to-Population Ratio in US – Why the decline ?

For several decades now, the employment rate among prime-age U.S adults has been falling. Less-educated males have experienced the largest drop in employment, but the troubling trends in participation are not limited to this group. Employment rates among women, which had been rising since the late 1960s, have stagnated and in some recent years declined. … Continue reading

UK’s Jobs Growth in 2018 – People with disabilities account for three-quarters of the gains and ethnic minorities for over a quarter

The UK’s jobs surge of recent years should not be underestimated, just because it’s old news. With unemployment hovering just above 4 per cent all year it’s easy to forget that as recently as 2016 the Office for Budget Responsibility thought 5.5 per cent was as low as we could sustainably go. We live and … Continue reading

Outlook for 2019 in US – A likely recession ?

The longest expansion in our history lasted ten years (March 1991 to March 2001), and the current one will match that milestone in mid-2019. This expansion was already in its eighth year when Trump took office; and as I’ve noted here and elsewhere, all business cycles eventually expire from old age unless they are struck … Continue reading

Job Report in Canada, November 2018 – Unemployment at 5.6%, the lowest since comparable data became available in 1976

Employment rose by 94,000 in November, driven by gains in full-time work. The unemployment rate decreased 0.2 percentage points to 5.6%, the lowest since comparable data became available in 1976. In the 12 months to November, employment grew by 219,000 or 1.2%, reflecting gains in full-time work (+227,000 or +1.5%). Over the same period, total hours worked were up 2.1%. Chart : Unemployment rate Chosen excerpts by Job … Continue reading

Job Report in US, November 2018 – Employment increased by 155,000

Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rate remained unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, and in transportation and warehousing. Household Survey Data In November, the unemployment rate was 3.7 percent for the third month in … Continue reading

Job Report in Europe, October 2018 – Euro area unemployment at 8.1% with 3.468 million young persons unemployed in the EU28

The euro area (EA19) seasonally-adjusted unemployment rate was 8.1% in October 2018, stable compared with September 2018 and down from 8.8% in October 2017. This remains the lowest rate recorded in the euro area since November 2008. The EU28 unemployment rate was 6.7% in October 2018, stable compared with September 2018 and down from 7.4% … Continue reading

Labour Markets in Canada – The changes between 1981 and 2018

The types of jobs being created in Canada continue to be a central theme in discussions of economic change and the financial well-being of Canadians. A new Statistics Canada study documents changes in some of the basic characteristics of jobs over the last four decades. The jobs held by Canadian employees in 2018 differ in many respects … Continue reading

The Future of Work – New education models for extending the principle of dual education

How should educational systems and school-to-work transition (SWT) regimes be modeled to better serve the needs of Industry 4.0? Although a high level of general education will be important for its training content to develop adaptability, it is not the only component to develop. What will be increasingly important are the work-related skills. This will … Continue reading

Global Labour Market – Where are the jobs?

Labour markets are evolving and adapting to technological advances, innovations in business and production processes and the emergence of new economic activities, the demand for new services and the data revolution. Global employment has been increasing for many decades now, and is expected to continue doing so at least in the near future. But where … Continue reading

Bank of Canada – Toward a dual mandate

The Bank of Canada will review its monetary policies and is open to making major changes, including a move away from its long-standing practice of targeting inflation, a senior official said on Tuesday. A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie The deadline for … Continue reading

US – Labor market is operating at or beyond its full potential FRBSF finds

How much do demographic changes affect the overall LFP rate trend? To quantify how much of the decline in the aggregate LFP rate is driven by changes in the composition of the population, we construct two hypothetical aggregate LFP rate scenarios. In this approach, we use Current Population Survey (CPS) microdata from the Bureau for … Continue reading

Job Report in Canada, October 2018 – Little changed with unemployment at 5.8%

Employment was little changed in October. The unemployment rate decreased 0.1 percentage points to 5.8% as fewer people searched for work. Since November 2017, the unemployment rate has ranged from 5.8% to 6.0%. Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Labour Force Survey, October 2018

Job Report in US, October 2018 – Employment rose by 250,000, hourly earnings by 3.1 percent

Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing. The unemployment rate remained at 3.7 percent in October, and the number of unemployed … Continue reading

Job Report in Europe, September 2018 – Unemployment at 8.1%, with 3.333 million young persons, still the lowest rate recorded in the euro area since November 2008

The euro area (EA19) seasonally-adjusted unemployment rate was 8.1% in September 2018, stable compared with August 2018 and down from 8.9% in September 2017. This remains the lowest rate recorded in the euro area since November 2008. The EU28 unemployment rate was 6.7% in September 2018, stable compared with August 2018 and down from 7.5% … Continue reading

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