Job Market Monitor
Employment
UK – A record number of people are looking for extra hours to top up their wages finds Trades Union Congress
The number of people who are under-employed has increased by nearly 100,000 over the last two years, according to new analysis published by the TUC today (Wednesday). The analysis shows that while unemployment has fallen by over 400,000 since early 2012, under-employment has risen by 93,000. And at 3.4 million the current level of under-employment … Continue reading
Nigeria – 4.5 Million new jobs required annually report says
A report by the Nigeria Stability and Reconciliation Programme, NSRP, indicates that Nigeria should create 4.5 million jobs annually to tackle the high level of unemployment in the country. It added that concerted effort made towards attaining the target would create enduring benefits to Nigeria and the entire African continent. The report, which was made … Continue reading
US – It takes people much longer to get back to work today than it did six or seven years ago
More than 3 million U.S. workers remain among the long-term unemployed – those who have been jobless for 27 or more weeks. Their numbers have been falling as the economy picks up, but experts say getting back to work has been tougher in the wake of the most recent recession than it was following the economic … Continue reading
Germany – Unemployment rate stood at 6.7 percent in August
The unemployment rate stood at 6.7 percent in August after adjustment for seasonal blips, the same rate as in July. But the number of people registered as unemployed edged up by 2,000 to 2.901 million, the Federal Labour Office said in a statement. This was unexpectedly bad. Analysts had been pencilling in a decline this month of about … Continue reading
US – The leisure and hospitality industry accounted for almost 1 out of every 5 nonfarm jobs added during the recovery
The most recent employment downturn was historic in many ways, but most notably, in the substantial number of jobs lost. Data from the Bureau of Labor Statistics Current Employment Statistics (CES) survey show that total nonfarm employment fell by 8.7 million jobs between the employment peak in January 2008 and the employment trough in February … Continue reading
US Monetary policy – The labor market has yet to fully recover says Yellen
In the five years since the end of the Great Recession, the economy has made considerable progress in recovering from the largest and most sustained loss of employment in the United States since the Great Depression.1 More jobs have now been created in the recovery than were lost in the downturn, with payroll employment in … Continue reading
Unemployment in the US – The rate varied across race and ethnicity groups BLS finds
In 2013, the overall unemployment rate for the United States was 7.4 percent; however, the rate varied across race and ethnicity groups. The rates were highest for Blacks (13.1 percent) and for American Indians and Alaska Natives (12.8 percent) and lowest for Asians (5.2 percent) and for Whites (6.5 percent). The jobless rate was 9.1 … Continue reading
US – The job market in one chart
When the Fed commenced rate hiking cycles in 1994, 1999 and 2004, the involuntary part time labor share was materially lower, while the prime age employment ratio was significantly higher. To wit: the prime age employment ratio stood at 78.9%, 81.4% and 79.1% as each of the last three tightening cycles got underway. In July the … Continue reading
Canada’s False Job Report – EI claims on hold while StatCan fixes error
Statistics Canada’s decision to pull its latest jobs report forced officials to put employment insurance claims on hold and triggered a flood of speculation from economists as to what Friday’s updated numbers will reveal. Approvals for EI claims are partly based on regional unemployment rates, but officials say staff will be able to manage the … Continue reading
UK – Employment rate for people aged from 16 to 64 near record high but regular pay annual growth rate lowest on record
Key Points for April to June 2014 Comparing the estimates for April to June 2014 with those for January to March 2014, employment continued to rise and unemployment continued to fall. These changes continue the general direction of movement over the past two years. There were 30.60 million people in work, 167,000 more than for … Continue reading
UK – Becoming the self-employment capital of Europe
Whether they are a growing underclass or a sign of the UK economy’s bright future, the growing army of self-employed warrant our attention The UK workforce has expanded rapidly over the last year, with the working-age employment rate reaching historically high levels and net job creation of over 900,000 in the year to April 2014. … Continue reading
Jobs Openings in US in June 2014 – Increased to 4.7 million, highest since 2001
Jobs openings increased in June to 4.671 million from 4.577 million in May. This is the highest level since February 2001. Chosen excerpts by Job Market Monitor. Read the whole story at Calculated Risk: BLS: Jobs Openings increased to 4.7 million in June, Highest since 2001.
US – Headcount additions remain highly targeted in the face of ongoing skills gaps and rising wage pressure says PwC
In the first quarter of this year, 63% of Trendsetter companies told us they’d add staff in the next quarter, the highest level we’ve seen in several years. So we weren’t particularly surprised when the US Bureau of Labor Statistics announced that June’s unemployment rate had dropped to 6.1%. In fact, average unemployment in 2Q14 … Continue reading
Job Readiness in US – 39% are confident in their future competitiveness, 23 percent very confident FRB finds
The report presents findings from the September 2013 survey. The survey covered a range of topics—including household financial well-being, housing, credit availability, borrowing for education, savings, retirement, and medical expenses—meant to round out the understanding of how households are faring financially. Overall, the survey found that many households were faring well, but that sizable fractions … Continue reading
Canada – July 2014 Job Report – Overall employment unchanged, unemployment at 7.0%
Overall employment was unchanged in July, as gains in part-time work were offset by losses in full time. A decline in the number of people searching for work pushed the unemployment rate down 0.1 percentage points to 7.0%. In the 12 months to July, employment increased by 115,000 or 0.7%, with all the growth in part-time work. The total hours worked were unchanged … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 