Job Market Monitor
Employment
Job Report in US (February 2021) – Employment rose by 379,000 and and unemployment little changed at 6.2 percent
Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic. In February, most of the job gains occurred in leisure and hospitality, with smaller gains in temporary help services, … Continue reading
COVID and US Labor Markets in 2020 – Blacks and Hispanics have had slower employment recoveries than whites, even accounting for differences in education and occupation
It is no secret that in the spring of 2020 the COVID-19 pandemic disrupted U.S. labor markets more severely and more quickly than at any point in living memory. A blizzard of research papers, newspaper stories, and calls for economic relief have documented the severe crash in employment in the spring of 2020, and the disproportionate … Continue reading
Job Report in US (January 2021) – Employment changed little (+49,000) and unemployment to 6.3 percent
The unemployment rate fell by 0.4 percentage point to 6.3 percent in January, while nonfarm payroll employment changed little (+49,000), the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic and efforts to contain it. In January, notable job gains in professional and business services and in both … Continue reading
Job Recovery in US – At this rate of job growth, the economy is years away from a full recovery
On Friday, the Bureau of Labor Statistics (BLS) will release its latest jobs report on the state of the labor market for January 2021. The pandemic recession has caused immense damage to the health and economic well-being of millions of people for over 10 months. The economic pain easily extends to nearly 27 million workers in … Continue reading
Job Report in US (November 2020) – Employment rose by 245,000 and unemployment edged down to 6.7
Total nonfarm payroll employment rose by 245,000 in November, and the unemployment rate edged down to 6.7 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. However, … Continue reading
Robots, Firm Performance and Employment in Canada – Firm hiring more, rather than fewer workers
Recent improvements in robotics have rekindled ancient fears about the impact of robotics on humankind. Unfortunately, existing data seldom distinguishes robots from other types of automation, so research into their impact so far has been difficult. This article introduces research from a new Statistics Canada dataset, Robots!, on the impact of robots at the firm-level. … Continue reading
Job Report in Europe (Q3,2020) – Increased by 0.9% in both the euro area and in the EU
Employment growth in the euro area and EU The number of employed persons increased by 0.9% in both the euro area and in the EU in the third quarter of 2020, compared with the previous quarter. These were the strongest increases observed since time series started in 1995. In the second quarter of 2020, employment … Continue reading
Job Report in US (October 2020) – Employment rose by 638,000 and the unemployment declined by 1.0 percentage point to 6.9
Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In October, … Continue reading
Getting Britain Back to Work – The employment and skills response
Unemployment spiked sharply as a result of the coronavirus crisis and associated social distancing restrictions. During March and April 2020 around 2.5 million individuals made claims for Universal Credit, with claims running at seven times usual levels at the peak. The number of vacancies in the economy has fallen by three fifths, and it is … Continue reading
Job Report in US (August 2020) – Employment rose by 1.4 million and unemployment fell to 8.4 percent
Total nonfarm payroll employment rose by 1.4 million in August, and the unemployment rate fell to 8.4 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In August, an increase … Continue reading
Covid and Change in Payroll Employment by Sector in US – A chart
Chosen excerpts by Job Market Monitor. Read the whole story @ Hutchins Roundup: Student debt, consumer spending, and more
Job Market in Canada – Still has long way to go despite jobs bounce says CIBC’s Benjamin Tal
CIBC Deputy Chief Economist Benjamin Tal speaks with Financial Post’s Larysa Harapyn about the latest Canadian unemployment numbers, and what might happen as the government transitions CERB recipients into an updated EI program.
Job Report in Canada (July 2020) – Employment rose by 419,000 (+2.4%), within 1.3 million (-7.0%) of its pre-COVID February level
Employment continues to rebound in July From February to April, 5.5 million Canadian workers were affected by the COVID-19 economic shutdown. This included a drop in employment of 3.0 million and a COVID-related increase in absences from work of 2.5 million. Employment rose by 419,000 (+2.4%) in July, compared with 953,000 (+5.8%) in June. Combined with gains of 290,000 in May, this brought employment to within 1.3 million (-7.0%) of … Continue reading
Job Report in US (July 2020) – Employment rose by 1.8 million and the unemployment rate fell to 10.2 percent, up by 6.7 percentage points since February
Total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In … Continue reading
Job Report in US (June 2020) – Employment rose by 4.8 million, still down nearly 14.7 million jobs since February, and unemployment rate declined to 11.1 percent
Total nonfarm payroll employment rose by 4.8 million in June, and the unemployment rate declined to 11.1 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the coronavirus (COVID-19) pandemic and efforts … Continue reading
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