Job Market Monitor
Underemployment
UK / Underemployment missed in headline figures
Headline figures miss important groups, such as the part-time workers who want to go full-time but can’t, or the freelancers and self-employed who are barely attracting enough work or customers to get by. Neither of these groups are out of work; but nor are they fully employed. And while they are included in some totting … Continue reading
US / Almost half of employed college graduates are in jobs requiring less than college education
“Political leaders, prominent foundations, and college presidents have argued that the nation must increase the proportion of adults with college degrees in order for America to remain competitive in the global economy” write Richard Vedder, Christopher Denhart, and Jonathan Robe in Why Are Recent College Graduates Underemployed? University Enrollments and Labor-Market Realities (Adapted quotes to follow). Supporting those … Continue reading
UK / Underemployment / More than 1m people are “part-timers”, not because they want to be, but because they cannot find anything else
In the darkest days of the financial crisis economists were predicting the unemployment toll would reach 3m. Thankfully, those fears never materialised, with joblessness peaking at around 2.7m. However, the side effect of containing the jobs figures well below 3m has resulted in swathes of people working part-time or reduced hours because they cannot find … Continue reading
Canada – Youth unemployment outlook not so bleak says Certified General Accountants Association
Employment prospects for younger Canadians looking for work are not as dismal as widely believed, a report released by the Certified General Accountants Association of Canada today suggests. The report argues that the peak unemployment rate among those aged 15 to 24 peaked at 15.2 per cent during the latest recession, lower than the high … Continue reading
Canada – Underemployment, the real youth jobs crisis
Youth joblessness tends to garner all the headlines, but the more troubling trend may be the more hidden one: underemployment. A paper to be released Tuesday is urging more examination of the extent of youth underemployment in Canada and more research into the causes that are driving it. “Contrary to the highly visible issue of … Continue reading
Job Gap | Europe’s army of ‘underemployed’ nearly 25 million plus 9 million underemployed
Almost nine million people in the European Union were considered “underemployed” in 2011, according to new Eurostat figures. These numbers add to the growing ranks of nearly 25 million unemployed in the EU, highlighting a ticking social time-bomb. Some 42 million workers in the EU were employed part-time in 2011, according to a survey by … Continue reading
More than half graduates not working or underemployed
The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge. Young adults with bachelor’s degrees are increasingly scraping by in lower-wage jobs — … Continue reading
U.S. Unemployment | Gallup Provides A Mixed Picture
U.S. unemployment, as measured by Gallup on a preliminary basis without seasonal adjustment, declined to 8.2% in mid-April from 8.4% in March. However, the government’s likely seasonal adjustment of 0.3 percentage points leads to a Gallup seasonally adjusted U.S. unemployment rate of 8.5% in mid-April, up from 8.1% last month. Working Part Time but Wanting … Continue reading
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