Job Market Monitor
Employment
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
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
US Trade with China – It costs 3.4 million US jobs between 2001 and 2017
Each $1 billion in exports to another country from the United States supports some American jobs. However, each $1 billion in imports from another country leads to job loss—by eliminating existing jobs and preventing new job creation—as imports displace goods that otherwise would have been made in the United States by domestic workers.3 The net … Continue reading
Job Report in Europe, Q2-2018 – Employment increased by 0.4%
The number of persons employed increased by 0.4% in both the euro area (EA19) and the EU28 in the second quarter of 2018 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2018, employment increased by 0.4% in the … Continue reading
Job Report in US, August 2018 – Employment up by 201,000 and unemployment stays at 3.9 percent
Total nonfarm payroll employment increased by 201,000 in August, and the unemployment rate was unchanged at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, wholesale trade,transportation and warehousing, and mining. Household Survey Data The unemployment rate remained at 3.9 percent in August, and … Continue reading
Job Report in Canada, August 2018 – Employment fell by 52,000 and unemployment up at 6.0%
Following two months of increases, employment fell by 52,000 in August. Part-time employment declined by 92,000 while full-time employment edged up. At the same time, the unemployment rate increased 0.2 percentage points to 6.0%. On a year-over-year basis, employment grew by 172,000 or 0.9%. Full-time employment increased (+326,000 or +2.2%), while the number of people working part-time declined (-154,000 or -4.3%). Over the same period, total hours … Continue reading
Job Report in Canada, July 2018 – Employment rose by 54,000, unemployment rate declined to 5.8%
Employment rose by 54,000 in July, driven by gains in part-time work. The unemployment rate declined by 0.2 percentage points to 5.8%. In the 12 months to July, employment grew by 246,000 (+1.3%). These gains were largely the result of growth in full-time work (+211,000 or +1.4%). Over this period, the total number of hours worked rose by 1.3%. Highlights Ontario, British Columbia and Newfoundland and … Continue reading
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