Job Market Monitor
Organisation for Economic Co-operation and Development
OECD / Global economy facing hesitant and uneven recovery (video)
The global economy is expected to make a hesitant and uneven recovery over the coming two years. Decisive policy action is needed to ensure that stalemate over fiscal policy in the United States and continuing euro area instability do not plunge the world back into recession, the OECD said in its latest Economic Outlook. via … Continue reading
OECD / Unemployment Rate / Broadly the same rate observed since January 2011
The OECD unemployment rate was 7.9% in September 2012, broadly the same rate observed since January 2011. In the euro area, the unemployment rate increased for the 16th consecutive month — up 0.1 percentage point to 11.6% in September. The unemployment rate fell by 0.3 percentage point in the United States in September (to 7.8%), … Continue reading
Australia – Carbon tax won’t hurt jobs according to OECD’s Report
Australia’s carbon tax is expected to have at most a moderate effect on employment within the country, the Organisation for Economic Co-operation and Development (OECD), predicts. According to the OECD’s Employment Outlook 2012, “environmental taxes” were predicted to have a “modest overall effect on employment and little impact on the demand for skills”. “Fossil-fuel industries … Continue reading
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
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
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
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.
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
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
OECD | Vocational Education and Training : Strengths, Challenges and Recommendation: Australia, Austria, Belgium, Chile, China , Czech Republic, Germany, Hungary, Ireland, Korea, Mexico, Norway, Sweden, Switzerland, United Kingdom, United States (South Carolina and Texas)
The OECD publishes a series of summary sheets on education and training (VET) in Australia, Austria, Belgium, Chile (also in Spanish), China (also in Chinese) , Czech Republic, Germany, Hungary, Ireland, Korea, Mexico, Norway, Sweden, Switzerland, United Kingdom, United States (South Carolina and Texas). Each of them deals with strengths, challenges and advances recommendations. Australia … Continue reading
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