Job Market Monitor
OECD
Official youth unemployment – The Scariest Chart
In March this year, for the first time on record, more than half of the young people in Spain and Greece were counted as unemployed by the OECD, which provided the chart above. Three months later, the situation is still getting worse. Official youth unemployment in Greece and Spain has crossed 51 percent. That’s worse … Continue reading
OECD – High jobless rates to last until at least the end of 2013
The Employment Outlook 2012 says that the OECD-wide joblessness rate is forecast to remain high at 7.7% in the fourth quarter of 2013, close to the 7.9% rate in May 2012. This leaves around 48 million people out of work across the OECD. In the Euro area, unemployment rose further in May to an all-time … Continue reading
25% international students in OECD region are from China or India
Individuals from China and India make up one-fourth of total international students in the OECD region, a grouping of mostly developed nations. These students are also an important source of future labour migration, Paris-based think tank OECD said today. “The share of migrants from Asia among immigrants to OECD countries rose from 27 per cent … Continue reading
OECD – United States: income support would provide much greater value to the unemployed if they were offered in tandem with a more active set of re-employment services
‘Although job creation has improved and the unemployment rate has come down from a high of 10.0% in October 2009, the effects of the recession on the labour market remain‘ writes, unsurprirsingly the OECD in Economic Survey of the United States 2012. (Adapted excerpts by JMM)
The Canadian-Dutch Disease: What the OECD wrote (plus the Figure)
“Thomas Mulcair’s Dutch Disease warning supported by OECD report ” wrote the National Post. What did the OECD actually said : The economy continues to undergo structural adjustments due to these persistent relative price movements since the early 2000s. The export-oriented manufacturing sector had by 2011 shrunk sharply to only 12.6% of total value added, down from … Continue reading
OECD – Canada: Overall productivity has actually fallen since 2002
Canada has weathered the global economic crisis comparatively well but will have to become more productive to sustain its high standard of living, according to OECD’s latest Economic Survey of Canada… The report identifies sluggish productivity growth as the main long-term challenge facing Canada’s economy. Per capita income has increased in recent years, as more people … Continue reading
In The News | U.S. Unemployment Rises to 8.2% in May, Global Talent Pool in 2020, Layoffs at GM, Mazda, Bombardier Recreational, United Airlines and Windstream and Much More
Unemployment rises to 8.2% in May as job growth stalls again – latimes.com WASHINGTON — The nation’s unemployment rate rose for the first time in nearly a year, to 8.2% in May, as the economy added a disappointingly small number of jobs for the third straight month. The government said Friday that employers created on … Continue reading
Harmonised Unemployment Rates stable at 8.2% in March for OECD
The OECD area unemployment rate was stable at 8.2% in March 2012, the same level recorded since February 2011. This flatness is largely the result of increasing rates in some euro area countries being offset by declines in North America. The euro area unemployment rate rose by 0.1 percentage point to 10.9% in March, 3.6 … Continue reading
China education system is overtaking many Western countries
China’s results in international education tests – which have never been published – are “remarkable”, says Andreas Schleicher, responsible for the highly-influential Pisa tests. These tests, held every three years by the Organisation for Economic Co-operation and Development, measure pupils’ skills in reading, numeracy and science. Pisa tests – the Programme for International Student Assessment … Continue reading
OECD | Unemployment rate was broadly stable 8.2% since January 2011
The OECD area unemployment rate was 8.2% in February 2012, and has remained broadly at this level since January 2011. But the euro area unemployment rate rose by 0.1 percentage point (for the eighth consecutive month) to 10.8% in February, maintaining a record high since the start of the global financial crisis. The unemployment rate … Continue reading
Which OECD country is the busiest ?
Mexico is 1st and Canada is 4th. U.S. is below average. This is coming from: Who’s busiest: working hours and household chores across OECD published on OECD site. The overall picture “Mexicans work longer days than anyone else in OECD countries, devoting 10 hours to paid and unpaid work, such as cleaning or cooking at … Continue reading
Israel | 20% jump in unemployment after a switch to the OECD harmonized definition
Israel’s top economic officials were utterly bewildered by the 20% jump in unemployment after a switch to the OECD harmonized definition. Since last weekend, when the change was revealed, none of the country’s leading economists has been able to explain how a different measuring method jacked up the numbers. On Monday the head of the … Continue reading
OECD | UK | Back in recession – The Guardian
The UK is heading back into recession and will be among the slowest of the world’s largest economies to recover in the first half of this year, according to a study by the Paris-based thinktank, the OECD. Only Italy will struggle over a longer period to return to growth, highlighting the difficult situation confronting the … Continue reading
German Gender Gap | Most unfair society in Europe says an OECD Report
The Local – German women have to contend with the biggest gender gaps in wages and career opportunities in Europe, according to a new study by the Organisation for Economic Cooperation and Development (OECD). The report found that women in full-time jobs earn an average of 21.6 percent less than their male colleagues. This is … Continue reading
BBC News – Are Greeks the hardest workers in Europe?
The eurozone crisis has sown divisions in the European family, and Greece in particular has often been singled out for criticism. Has Greece been living beyond its means? Are Greeks lazy? On this second point, the statistics tell a surprising story. Figures from the Organisation for Economic Co-operation and Development (OECD) show that the average … Continue reading
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