Job Market Monitor
International Monetary Fund
IMF on Minimum Wage in US – Should be increased
The International Monetary Fund on Monday cut its forecast for U.S. economic growth this year, warned of sluggish growth for years to come, and made a bunch of suggestions for getting Americas economic house in order — including raising the abysmally low federal minimum wage of $7.25 an hour.” [G]iven its current low level compared … Continue reading
IMF – There is growing evidence that high income inequality can be detrimental to achieving macroeconomic stability and growth
Income inequality has increased in both advanced and developing economies in recent decades. Increasing inequality has been attributed to a range of factors, including the globalization and liberalization of factor and product markets; skill-biased technological change; increases in labor force participation by low-skilled workers; declining top marginal income tax rates; increasing bargaining power of high … Continue reading
Europe / The most effective way of boosting jobs is to get growth going again says IMF
A new book called “Jobs and Growth: Supporting the European Recovery,” authored by IMF staff, analyzes today’s challenges head-on and proposes a roadmap for the continent’s recovery.The book and its roadmap should contribute to the ongoing debate around these pressing issues. The book’s analysis is informed by the relationship between jobs and growth, which is … Continue reading
IMF / ‘Jobs and Growth: Supporting the European Recovery’ to be launched in Brussels, Belgium on January 28
IMF Managing Director Christine Lagarde will introduce the session, followed by comments from Wolfgang Schäuble, Finance Minister of Germany, and Luis de Guindos, Minister of Economy and Competitiveness of Spain. The event will be chaired by Fabian Zuleeg, Chief Executive of the European Policy Centre Continue reading
Youth unemployment in Europe / It could prolong the crisis says Christine Lagarde says
Christine Lagarde, the managing director of the International Monetary Fund, has warned that long-term prospects for growth in the eurozone look bleak unless politicians act urgently to stoke domestic demand and tackle youth unemployment. After months of relative calm in financial markets, and with Ireland due to end its painful bailout programme and end its … Continue reading
IMF on the Gulf Region / Labor market reform would boost jobs
A new paper by IMF staff says that comprehensive labor market reforms are needed to reorient the Gulf Cooperation Council (GCC) economies toward greater employment of nationals in the private sector, improve productivity, and support progress toward economic diversification Continue reading
Greece / More layoffs ‘required’ say EC, ECB and IMF
The representatives of the European Commission, the European Central Bank and the International Monetary Fund, however, are deaf to his warnings. They are demanding additional belt-tightening measures, including more layoffs. Continue reading
US Labor Market / IMF’s chief endorses Fed the Federal Reserve’s decision
International Monetary Fund chief Christine Lagarde on Thursday praised the Federal Reserve’s decision this week not to tap the brakes on its bond-buying program to stimulate the U.S. economy, saying it was still too soon to start the widely expected “tapering” operation on the Fed program. “The IMF has always said that it should be … Continue reading
Spain / IMF urges urgent action to create jobs
Spain’s reform progress and a correction in its fiscal and external imbalances are helping it to stabilise its economy, but urgent action is needed to create jobs and stimulate growth, the International Monetary Fund said. The IMF, in a yearly assessment of Spain’s economy, on Friday projected a slow and difficult turnaround from eight straight … Continue reading
Greece / Should go stronger against rich tax dodgers says IMF
Greece’s drive to crack down on flagrant tax evaders such as doctors and lawyers is flagging and must be reinvigorated, a report by the European Union and International Monetary Fund said on Monday. Athens has collected just half the tax debts and conducted less than half the audits it was supposed to under the targets … Continue reading
Ireland / unemployment rate would be 20% without emigration says IMF
The IMF (International Monetary Fund) in its latest quarterly review of Ireland’s economy and prospects, says that “had all employees who lost their jobs since the outset of the crisis remained in the labour force,” instead of choosing emigration, the unemployment rate would stand at around 20%. The Fund seems to have little confidence in … Continue reading
Greece / Agreement reached between euro zone finance ministers and the International Monetary Fund to reduce debt
The Greek government and financial markets were cheered on Tuesday by an agreement between euro zone finance ministers and the International Monetary Fund to reduce Greece’s debt, paving the way for the release of urgently needed aid loans. The deal, clinched at the third attempt after weeks of wrangling, removes the biggest risk of a … Continue reading
In The News | Global Recession, Less Government Solves Unemployment, Layoffs, Migrants in UK and More
Marc Faber, Global Recession 2013 a Sure Thing | readtheticker safehaven.com – Marc Faber doesnt make 100% calls very often, sure he makes a lot of calls, but when he make a call that he says is 100% chance of occurance its worth making a note of. When you here a fundamental … JobMarketMon Business Young … Continue reading
Arab Spring turns to economic winter
The world’s highest youth jobless rate left the Middle East vulnerable to the uprisings that ousted Egypt’s Hosni Mubarak and three other leaders in the past year. It has got worse since then. About 1 million Egyptians lost their jobs in 2011 as the economy shrank for the first time in decades. Unemployment in Tunisia, … Continue reading
Ireland reveals plans to cut dole queues – CTV News
Dublin has unveiled far-reaching plans to cut dole queues by targeting those at risk of long-term unemployment, introducing penalties for people who do not take up training, and inviting the private sector to provide job placements. The plan copies several ideas already in place in the U.K., France and Australia, including immediate on-the-spot assessments for … Continue reading
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