Job Market Monitor
Employment
Labour Market Dynamics in Canada – Each month, 6.2% of the working-age population, on average, changed their labour force status
Each month, data from the Labour Force Survey (LFS) are highly anticipated because they offer a first glimpse of the general state of the labour market. The number of employed people and the unemployment rate are two indicators that attest to the popularity—and usefulness—of the survey data. However, it is less well known that behind … Continue reading
Jobs in US : a Chart – Employment is now 8.6% above the previous peak
This graph shows the job losses from the start of the employment recession, in percentage terms, compared to previous post WWII recessions. Since exceeding the pre-recession peak in May 2014, employment is now 8.6% above the previous peak. Note: I ended the lines for most previous recessions when employment reached a new peak, although I continued … Continue reading
Job Report in Canada, December 2018 – Employment held steady in December and the unemployment rate was unchanged at 5.6%
Employment held steady in December and the unemployment rate was unchanged at 5.6%. In the 12 months to December, employment increased by 163,000 (+0.9%), entirely driven by gains in full-time work (+185,000 or +1.2%). Over the same period, total hours worked rose 0.9%. Chart Unemployment rate, Canada Highlights In December, employment increased in Newfoundland and Labrador, while it fell in Alberta, New … Continue reading
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
Europe – 33 million were self-employed in 2017, 23% because of suitable opportunity
In 2017, in the European Union (EU), there were more than 228 million employed people, and about 33 million of them were self-employed. Self-employed people in the EU reported several reasons for becoming self- employed in the current job: suitable opportunity (23%), continuation of the family business (16%), usual practice in the field (15%), flexible … 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
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
The New Labor Market in US – Do the widely used measures undercount ?
The CPS and ATUS questions used to classify labor force status are similar, and both rely on the words “work” and “job.” Some researchers feel that these questions fail to resonate with gig workers and those in informal employment arrangements. They argue that, as a result, two widely used measures could be considerably undercounted—the total … 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
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