Job Market Monitor
July
(Update) Canada’s False Job Report – Caused by non-responses treatment
Here is StatCan official report: Review of the July 2014 Labour Force Survey release What happened? To implement the changes to the processing system, the team believed that they only needed to modify the derivation and weighting modules. What they did not realize was that the imputation module had a reference to the TABS file … Continue reading
French unemployment 13-year high and crosses the 3 M unemployed threshold
France’s unemployment rate rose to its highest level in 13 years in the second quarter, official data showed on Thursday, in a setback to the Socialist government, which was elected on a pledge to bring down the jobless rate. The rise in unemployment to 10.2 percent, measured according to the International Labour Organisation’s (ILO) criteria, … Continue reading
US unemployment rate is bad, eurozone is worse and Greece leads in youth unemployment (53.8%)
Euro area unemployment rate at 11.3% EU27 at 10.4%. The euro area (EA17) seasonally-adjusted unemployment rate was 11.3% in July 2012, stable compared with June. It was 10.1% in July 2011. The EU27 unemployment rate was 10.4% in July 2012, also stable compared with June. It was 9.6% in July 2011. Eurostat estimates that 25.254 million men and women in the EU27, of … Continue reading
Unemployment Insurance Claims – 361,000, a decrease of 6,000 from the previous week
Two weeks ago, claim were down to 353,000, at bottom-near since April 2008 and we have asked ‘But is it only volatility’ ? The answer might well be yes. UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT SEASONALLY ADJUSTED DATA In the week ending August 4, the advance figure for seasonally adjusted initial claims was 361,000, a decrease … Continue reading
At the July 163 000 jobs rythm, it would take up to 2025 to recover
What the NYT Says With 163,000 new jobs created, July’s employment growth topped both analysts’ expectations and the meager job gains in May and June. While that growth was not enough to reduce the jobless rate – now 8.3 percent – it was enough to boost the stock market. For investors, the job tally was … Continue reading
US – July – Thx to the shrinking labor force: Employment rose by 163 000, not enough for the unemployment rate to fall (up @ 8.3%)
Total nonfarm payroll employment rose by 163,000 in July, and the unemployment rate was essentially unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, food services and drinking places, and manufacturing. via Employment Situation Summary. -*- The drop in participation is larger for men than … Continue reading
Gallup U.S. Unemployment Rate – Down Slightly in Mid-July
U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.9% in mid-July, down 0.1 percentage points from June and May. Gallup’s seasonally adjusted unemployment rate also declined 0.1 points, to 7.7% in mid-July. via U.S. Unemployment Down Slightly in Mid-July.
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