Job Market Monitor
Long-Term Unemployment
US / Long-Term Unemployment Is Still High
Jobs! The economy added 236,000 of them in February, which is good. And, as my colleague Derek Thompson points out, it added more construction jobs than at any time since March of 2007, which is even better. After all, housing is what makes recoveries go boom. But let’s be honest. Even with our nascent housing … Continue reading
US / It is a Long-Term Unemployment Crisis
The rate of short-term unemployment—six months or less—is almost back to normal. In January it was 4.9 percent of the labor force. That’s only 0.7 percentage point above its 2001-07 average. But the rate of long-term unemployment, 3 percent in January, is precisely triple its 2001-07 average, according to a Bloomberg Businessweek calculation based on Bureau of Labor … Continue reading
Monetary and fiscal policies will never suffice to reduce long-term unemployment
One of the main policies to reduce long-term unemployment is an active labor market policy. The OECD publishes each year data on Government investments in labor market programs like training and wage subsidies.
Gemany and the Scandinavian countries are champions of active labor market policies. This is well known. But, less known is the fact that the US are not. US investment in active labor market programs before the Great recession wasbelow the OECD average, nearly 4 times lower: 0.13% of GDP vs 0.48%.
Continue reading
UK – Long-term unemployment hits 16 year high
“Despite improvements in the overall employment rate, long-term unemployment has hit a 16 year high remains a serious problem, with more than 900,000 people out of work for more than a year. The long-term unemployed should be offered a guaranteed job to make sure they don’t become permanently cut off from the jobs market.” via … Continue reading
Long-Term Unemployed Older Workers: A National Crisis For
Americans age 55 and older are struggling to rebound from a dramatic spike in unemployment since December 2007. Seniors have experienced consistently longer periods of unemployment than younger workers, as employers seek cheaper labor and look to skirt potentially higher health care costs, according to a study by the Government Accountability Office released earlier this … Continue reading
US – Long-term unemployment continues to plague the labor market
Of all the mediocre and bad news in the June 2012 employment situation report from the Bureau of Labor Statistics, there is one item that deserves serious concern: the fact that long-term unemployment continues to plague the labor market. The average duration of unemployment is stuck at about 40 weeks, where it has been for … Continue reading
High Long-Term Unemployment not only bad for the economy, it’s bad for our bodies and souls as well
Our persistently high unemployment rate is not only bad for the economy, it’s bad for our bodies and souls as well. Unemployment wears down the unemployed both mentally and physically. But high unemployment also hurts those with jobs, as some workers worry endlessly (and not without justification) that they too could be let go at … Continue reading
UK – Welfare to work – Social Enterprise Co-ordinating scheme goes bankrupt
The government’s controversial welfare to work initiative has suffered another blow after it emerged that a social enterprise firm hired to get the long-term jobless into employment has gone into liquidation, claiming banks refused to lend it money to stay afloat because they considered the work programme to be too financially risky. Eco Actif, a … Continue reading
UK: Long-term youth unemployment grows eight-fold since 2000
The number of young people out of work for at least a year has grown eightfold in the last decade, a grim analysis shows ahead of Wednesday’s official unemployment figures The report by the TUC reveals an “enormous” increase in long-term youth unemployment over the past 12 years, with the number of 18 to 24 … Continue reading
Long-term unemployment : almost 30% of jobless in U.S.
Once unemployed, more Americans are staying that way than before the recession, with 29.5% of jobless Americans now out of work for more than a year. In the first quarter of the year, 3.9 million of the nearly 13.3 million unemployed workers in the country had been jobless for all or most of 2011. That’s … Continue reading
Number of long-term unemployed older workers is 5 times greater
During the recession and its aftermath, the number of long-term unemployed older workers more than quintupled, the greatest percentage increase out of all age groups, from 325,000 to 1.8 million. In 2011, more than half of older jobless workers were out of work for at least six months. And 4 in 10 older jobless workers … Continue reading
UK | Almost 1 M persons out of work for more than a year by end of 2012 says IPPR
IPPR urges ‘job guarantee’ to tackle ‘hidden crisis’ of long-term unemployment Almost a million people will have been out of work for more than a year by the end of 2012, according to new analysis by the think tank IPPR. The think tank is today raising the alarm over the growing number of people who have … Continue reading
UK Youth Unemployment | From 6,000 to 50,000 on Jobseekers’ Allowance for more than one year
As recently as 2008 there were fewer than 6,000 18-24 year olds who had been on Jobseekers’ Allowance for more than a year. That number is now just under 50,000 – more than eight times as many. This is not just the recession and its aftermath: after falling back somewhat in the year to May … Continue reading
Netherlands | Long-term unemployement increases dramatically among lower educated
During the past two years, the number of people who were unemployed in the Netherlands for twelve months or more has risen noticeably: from 91 thousand in 2009 to 139 thousand in 2011. Long-term unemployment is much more frequently found in the age category 25-45 and among lower educated. Young people are often unemployed only … 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
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 