Job Market Monitor
Employment
UK – Unemployment at lowest in more than five years and real wage growth
Britain’s unemployment rate fell to its lowest level in more than five years in the first quarter of 2014, helped by a record number of people getting jobs. Pay growth rose more than inflation for the first time since 2010 but was below forecasts. The latest signs of recovery in the labour market come shortly … Continue reading
US Steel Sector – Half a million U.S. jobs which are at risk say the United Steelworkers
United Steelworkers (USW) International President Leo W. Gerard issued the following statement today on the release of a study of the enormous challenges facing the U.S. steel sector from a flood of imports and rising excess global capacity in steel production. The report “Surging Steel Imports Put Up to Half a Million U.S. Jobs at … Continue reading
Canada – The job recovery is overstated says a Bank of Canada’s study
The Bank of Canada says the country’s job-creation record since the recession is likely a little less impressive than the fall in the unemployment rate would suggest. The central bank says in a new research paper that the unemployment rate, although the most quoted measure of labour market health, has overestimated the jobs recovery in … Continue reading
Germany should take steps “to heal the split in the labour market” says OECD
Germany’s current economic success offers a good platform for achieving sustainable and inclusive growth, but further reforms will be necessary over the medium and long term, according to the latest OECD Economic Survey of Germany. Among the priorities are making the tax system more socially just and environment-friendly, strengthening the financial sector, so that it … Continue reading
Infrastructure Jobs in US – 14.2 million workers
In 2012, 14.2 million workers were employed in infrastructure jobs across the country, accounting for 11 percent of national employment. Truck drivers, electricians, and civil engineers are among the occupations employing the most workers overall, the broad majority of whom (77 percent) focus on operating infrastructure rather than its construction (15 percent), design (6 percent), … Continue reading
US – Employment and wages in STEM by the BLS
Employment Total May 2013 OES employment in all STEM occupations is 16,994,480. This is nearly 13 percent of total national employment (132,588,810). Across the four types of STEM subdomains, health occupations have the most employment (8,276,100) and architecture occupations have the least employment (156,650). Of the five types of STEM occupations, the largest by far … Continue reading
Canada – Employment decreased by 29,000 in April
Employment decreased by 29,000 in April, and the unemployment rate was unchanged at 6.9% as the number of people participating in the labour market edged down. There has been little overall employment growth in Canada since August 2013. On a year-over-year basis, the number of people working rose by 0.8% or 149,000, evenly split between part-time and full-time work. Chart 1 Employment … Continue reading
New Immigrants in France – Fare badly in the first few years, but improvement over time finds research
This report assesses the labor market outcomes of new immigrants to France, based on French Labor Force survey data. The report is part of a series of six case studies on labor market outcomes among immigrants to European Union countries. The report reveals that immigrants who arrived from 2000 onwards fared badly in the first … Continue reading
Yellen’s Testimony – Conditions in the labor market are still far from satisfactory
Conditions in the labor market have continued to improve. The unemployment rate was 6.3 percent in April, about 1-1/4 percentage points below where it was a year ago. Moreover, gains in payroll employment averaged nearly 200,000 jobs per month over the past year. During the economic recovery so far, payroll employment has increased by about … Continue reading
5 Challenges Facing the Indian Job Market
(Guest post by Sarah Brooks*) – The world is watching as the General Election unfolds in India, with many hoping that a possible election of Narendra Modi as Prime Minister will give the Indian economy the jolt it so desperately needs. The new leader will definitely have his work cut out for him, as India … Continue reading
Sweden – Networking better than labour-market training says Arbetsförmedlingen
Labour-market training, meant to prep job seekers for work, no longer has the desired effect, Sweden’s jobs agency said on Monday. Networking was still the best way to find a job last year. The job-specific training, known as arbetsmarknadsutbildning, has been one of the more costly initiatives to get job seekers into work, the agency … Continue reading
EU’s long-term growth and jobs plan – A public consultation launched
The Commission has launched a public consultation on the Europe 2020 strategy, the EU’s long-term growth and jobs plan. The consultation will be open until 31 October 2014. Through this public consultation, the Commission is seeking the views of all interested people and organisations on the Europe 2020 strategy. The aim of the consultation is … Continue reading
India – Every year 12 million young Indians will arrive in the job market: where are the jobs ?
I am constantly surprised at how often in conversations with thoughtful people this statistic is brought up: that, from now on for the next decade, every year 12 million young Indians will arrive in the job market. And this additional statistic is brought up too: that in the past few years, the organised sector in … Continue reading
US in April – Total nonfarm payroll employment rose by 288,000 and UR down at 6.3 percent
Total nonfarm payroll employment rose by 288,000, and the unemployment rate fell by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Employment gains were widespread, led by job growth in professional and business services, retail trade, food services and drinking places, and construction. Household Survey Data In … Continue reading
US – The state of the labor market in figures
In advance of the monthly employment report from BLS, the Center for American Progress today released an analysis of the current state of the U.S. labor market. The analysis takes an in-depth look at data beyond the unemployment rate, and finds that the rest of the statistics we have on the labor market paint a … Continue reading
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