Job Market Monitor
Unemployment rate
US / Labor Force Participation Rate has declined to levels not seen in about 35 years or so, to about 63%
Said differently, the percent of people that are classified as actually being in the labor force, (either working or actively seeking work), has sunk to a level not seen since the late 1970s Continue reading
Sweden / The unemployment rate is at 8.0% (sa)
In November 2013 the number of employed persons aged 15-74 increased by 75 000 compared to November 2012 and amounted to 4.7 million (±35,000). The employment rate was 65.6 (± 0.5)%, an increase of 0.7 percentage points. The number of employed women increased by 53,000 and amounted to 2 236,000 (±27,000), while the number of … Continue reading
France / Unemployment Rate hits 16-year high
Unemployment rate in France rose to its highest level in nearly sixteen years in the third quarter, the latest figures from the statistical office Insee revealed Thursday Continue reading
Monetary Policy / Why it matters whether the fed targets inflation or unemployment
Analysis suggests that in the United States today, it might be appropriate for interest rates to remain low until unemployment crosses a “threshold” as low as 5.5 percent Continue reading
Brazil / Unemployment falls to record low but real wage bill growth is at its lowest level
Brazil’s wage growth is starting to ease. It’s still growing, but it is growing much slower than it has in the last two years even as unemployment hit a record low in October. Continue reading
Greece / Unemployment rate stable at 27.3 percent, ‘‘first sign of recovery’’ says the government
Greece’s recession eased in the third quarter while the unemployment rate stood at 27.3 percent in August, unchanged from the previous month, official data showed Thursday. The government described the stabilization in the job market as the ‘‘first sign of recovery.’’ Continue reading
US / The steady-state unemployment rate stands currently at 6.7 percent
The actual unemployment rate converges toward this steady state UR Continue reading
US / Christina Romer: Use fiscal policy, the other main tool
In a fascinating speech last week at Johns Hopkins (via Matthew Klein), former Obama economic advisor Christy Romer proposes a totally different framework for stimulus. Essentially we lean on fiscal stimulus more, but we set it up so that it’s permanently flexible … and thus more like monetary policy. So when the economy goes to … Continue reading
US / Native Unemployment Rate has been over 10 percent for five years
While the unemployment rate for white workers peaked at 9.1 percent in 2010 and is now down to 6.1 percent, Native Americans have experienced double digit unemployment rates ever since 2008, according to an analysis from the Economic Policy Institute. Their current rate hovers over 11 percent. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
US Labor Market / Has the Great Recession created new behaviour ?
The question is whether the Great Recession had created “behavioral changes” in the labor markets. Continue reading
Spain / Jobless rate down for second straight quarter but still at 26%
The unemployment rate in Spain has dropped again in the third quarter, making the prospect of a slow, but sustainable recovery of the labor market more likely Continue reading
Millennials in US / The plight of unemployed young people
Currently, over 2 million of those 20-24-years-old are unemployed, with an unemployment rate of 12.9%. For the older half of millennials 25-34, the rate is 7.4% with 2.5 million unemployed Continue reading
US / Total nonfarm payroll employment rose by only 148,000, before government shutdown
The BLS notes that ‘Over the year, the labor force participation rate has declined by 0.4 percentage point, while the employment-population ratio has changed little’. Those are not good news. Continue reading
Netherlands / Unemployment grew by 2 thousand
According to the most recent figures released by Statistics Netherlands, seasonally adjusted unemployment grew by 2 thousand in September to reach 685 thousand, i.e. 8.6 percent of the labour force Continue reading
UK / Jobless claims drop by most since 1997, youth unemployment rate at 21%
U.K. jobless claims fell the most in 16 years last month as a wider measure of unemployment remained at 7.7 percent amid signs that the labor market is improving. Claims for unemployment benefit fell 41,700, the most since June 1997, the Office for National Statistics said in London today. The decline exceeded the 25,000 median … Continue reading
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