Job Market Monitor
Labor force
Australian unemployment steady at 5.2% and seasonally adjusted employment expanded strongly in March, increasing by 44,000 (well above all market expectations) and employment to a record level
Australia’s unemployment rate held steady at 5.2 per cent in March, data showed Thursday, beating expectations, while 44,000 jobs were created — almost eight times the number forecast. The news sent the Australian dollar high against the greenback on receding expectations of an interest rate hike. The Australian Bureau of Statistics (ABS) said the seasonally … Continue reading
Workforce Retirements and Skills Gaps
A joint survey released April 9, 2012, by the Society for Human Resource Management (SHRM) and AARP shows that U.S. employers are ramping up training programs aimed at closing expected skills gaps left when Baby Boomers retire. In addition, companies are enhancing employee benefits that they hope will help with recruiting and retaining older workers, … Continue reading
U.S. | Businesses add a disappointing 120,000 jobs in March
U.S. | BLS Commissioner’s Statement on the Employment Situation (Adapted excerpts by Lab Market Monitor) Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate, at 8.2 percent, changed little. Over the prior 3 months, nonfarm job growth had averaged 246,000 per month. Since a recent low point in February 2010, payroll employment has … Continue reading
U.S. | Odds of finding a job decreases substantially with the length of time spent searching
“The length of time the jobless spent searching for work before finding a job increased from 5.2 to 10.4 weeks between 2007 and 2010, edging down to 10.0 in 2011; for the unemployed who eventually quit lookingand left the labor force, duration also increased sharply between 2007 and 2011, from 8.7 to 21.4 weeks” write Randy E. … Continue reading
Immigrant Workers in the U.S. Labor Force in Charts
Debates about illegal immigration, border security, skill levels of workers, unemployment, job growth and competition, and entrepreneurship all rely, to some extent, on perceptions of immigrants’ role in the U.S. labor market. These views are often shaped as much by politics and emotion as by facts. To better frame these debates, this short analysis provides … Continue reading
How Unemployment Leave Europe’s Young ?
Larry Hatheway, Managing Director and Head of Global Asset Allocation, UBS Investment Bank, noted earlier this month that high levels of youth unemployment were “clearly undesirable” and policy priorities in the euro zone should shift the focus from managing the debt crisis to address joblessness. “Youth unemployment rates probably understate the true level of joblessness … Continue reading
Two-Thirds of Young Arab Women Remain Out of Workforce According to a Gallup Survey
About one in three young Arab women between the ages of 23 and 29 participate in their country’s labor force versus about eight in 10 young Arab men. This gender gap is generally consistent across the 22 Arab countries and territories Gallup surveyed in 2011, but young women’s labor force participation is slightly higher in … Continue reading
Skills Gap | Massachusetts : no current worker gap but a persistent skills mismatch or skills gap for selected occupations
There is no worker gap in Massachusetts currently: there are a large number of people available to work (those unemployed, underemployed or in the labor force reserve), but a persistent skills mismatch or skills gap for selected occupations a report says. Full Report @ :
Canada / Older workers flood into job market
Older workers have flooded into the job market since the recovery that began in the summer of 2009, TD Economics said Thursday, eclipsing other age groups in terms of gains made in the labour market. The report said Canadians aged 60 years and over account for about one-third of all net job gains, “a striking … Continue reading
Michigan jobless rate drops, but not because more jobs exist – Feb. 24, 2012
After leading the nation in unemployment for four years, Michigan has finally dropped out of the Top 10. State unemployment slid to 9.3% in December, only a touch higher than the national rate, and a sharp decline from the 14.1% rate that Michigan hit in the fall of 2009. And last year was the first … Continue reading
Republican Study Committee | Who Killed the Jobs? – Power Line
This chart tells you just about everything you need to know as you prepare to vote in 2012. Prepared by the Republican Study Committee, it depicts the percentage of Americans in the labor force from January 2005 (commonly known as the “good old days” through January 2012. The decline in the number of working Americans … Continue reading
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