Job Market Monitor
Labour Economics
Srinking Labor Force | Women are pouring out of the job market
Among the new employment figures the Labor Department released Friday morning is an obscure one that’s ripe for politicking: the labor force participation rate. It measures the percentage of the population age 16 and above who are actually working. The labor force participation rate fell last month to 63.6 percent, its lowest level since 1981. … Continue reading
Long-Term Unemployment is not a short term problem
“While I do not see much evidence of any significant increase in structural unemployment so far, I am concerned that structural unemployment could increase over time if the labor market heals too slowly–a phenomenon known as hysteresis” said Bernanke at the Money Marketeers of New York University, New York, New York, on April 11, 2012.
Unemployment Insurance Weekly Claims Report : A good drop after two dissapointing weeks, but rises some concern
SEASONALLY ADJUSTED DATA In the week ending April 28, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 27,000 from the previous week’s revised figure of 392,000. The 4-week moving average was 383,500, an increase of 750 from the previous week’s revised average of 382,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
Scholl to work transition : lessons from around the world
In a well documented paper, David Raffe, from University of Edinburgh, tells us that : The processes and outcomes of education-work transitions vary across countries and these differences tend to persist over time Institutional differences which create different national ‘logics’ largely explain these differences System reactions to pressure and theirs impacts vary. His General findings Where … Continue reading
The personnal unemployment cycle
Unemployment gets worse before getting better, then it gets worse again, finds U of M study Being unemployed is roughest early on and then again after you’ve been out of a work for months, the study finds. A new study co-authored by Connie Wanberg, associate dean at the University of Minnesota’s Carlson School of Management, … Continue reading
Job Gap is extending and has entered a new, more structural phase as austerity prevails says ILO who calls for a Global Job Pact
The World of Work Report 2012 provides a comprehensive analysis of recent labour market and social trends, assesses risks of social unrest and presents employment projections for the next five years. The report emphasizes that while employment has begun to recover slowly, job quality is deteriorating and there is a growing sense of unfairness. Moreover, … Continue reading
Unemployment in the U.S. | What Can Policy Do?
The U.S. labor market has been reeling since the onset of the Great Recession in December 2007. Public concern has largely focused on the unemployment rate, which rose to double digits and has stalled at more than 8 percent. This rate is unacceptably high, and macroeconomic policy efforts have been unsuccessful in bringing it down write Robert … Continue reading
Germany enlarges coverage of minimum wage
German Chancellor Angela Merkel’s conservatives have agreed plans to introduce a mandatory minimum wage for sectors of the economy that do not already have one, in the latest policy shift to try to win over left-leaning voters before next year’s election. Merkel’s Christian Democrats (CDU) have long opposed a blanket minimum wage, arguing that it … Continue reading
Unemployment Insurance Weekly Claims Report : Two in a row dissapointing weeks, not a good sign
SEASONALLY ADJUSTED DATA In the week ending April 21, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 1,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 381,750, an increase of 6,250 from the previous week’s revised average of 375,500. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
Canada | Labour Market roars back in March but economists are skeptical about recent swings in data
Bumpy patterns in Canada’s labour force survey are causing headaches for economists. The last jobs report showing a 82,300 employment gain was the biggest bump since the onset of the recession and the fourth-largest increase ever. Most economists are skeptical about both the outsized gain and the job market’s weakness in previous months. It also … Continue reading
UK Job Gap summed up in one chart
Yesterday I wrote that the ‘recovery’ in the labour market was driven part-time and precarious work and marked by falling real wages writes Duncan Weldon. The chart below sums up many of the outstanding issues: Source: Read more @ Our jobs problem summed up in one chart | Liberal Conspiracy. Related article Job Gap | 600 … Continue reading
U.S. | College grads job prospects improving
Listen up, Class of 2012! Your shot at nailing a job is better than you think. With the economy brightening, so are the prospects for entry-level job seekers with college degrees, according to a new survey from global outplacement firm Challenger, Gray & Christmas. The country’s 1.7 million grads will benefit as companies look to … Continue reading
Arab world | Unemployment ‘at least 16 pct’ after uprisings
Unemployment in the Arab World will be at least 16 per cent in the wake of last year’s uprisings, according to a top official in the Arab Labor Organization (ALO). Mohamed Sherif Dawood was speaking at the opening session of a two-day conference on labour issues that started in Cairo on Wednesday, titled ‘Employment for … Continue reading
Gender and the Recession in UK | Better outcome for women is the result of a rise of 172,000 in self-employment
Comparing the labour market situation at the outset of the recession with the latest available official data shows that men overall have fared less well than women. By the start of 2012 there were 387,000 fewer men in work (a net fall of 2.4%) than in the first quarter of 2008. By contrast the number … Continue reading
Employers and Young Talents | Do not rely on the market for talent writes ManpowerGroup
As a series of demographic and economic shifts intensely converge, creating a “Human Age,” a range of population groups are being alienated from work opportunities in the global economy writes ManpowerGroup in Wanted: Energized, Career-Driven Youth. (Adapted excerpts by Job Market Monitor following) Young workers are most affected and have been labeled a lost generation of … Continue reading
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