Job Market Monitor
Unemployment
Job Report in US, August 2018 – Employment up by 201,000 and unemployment stays at 3.9 percent
Total nonfarm payroll employment increased by 201,000 in August, and the unemployment rate was unchanged at 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, wholesale trade,transportation and warehousing, and mining. Household Survey Data The unemployment rate remained at 3.9 percent in August, and … Continue reading
Job Report in Canada, August 2018 – Employment fell by 52,000 and unemployment up at 6.0%
Following two months of increases, employment fell by 52,000 in August. Part-time employment declined by 92,000 while full-time employment edged up. At the same time, the unemployment rate increased 0.2 percentage points to 6.0%. On a year-over-year basis, employment grew by 172,000 or 0.9%. Full-time employment increased (+326,000 or +2.2%), while the number of people working part-time declined (-154,000 or -4.3%). Over the same period, total hours … Continue reading
Job Report in Canada, July 2018 – Employment rose by 54,000, unemployment rate declined to 5.8%
Employment rose by 54,000 in July, driven by gains in part-time work. The unemployment rate declined by 0.2 percentage points to 5.8%. In the 12 months to July, employment grew by 246,000 (+1.3%). These gains were largely the result of growth in full-time work (+211,000 or +1.4%). Over this period, the total number of hours worked rose by 1.3%. Highlights Ontario, British Columbia and Newfoundland and … Continue reading
Job Report in US, July 2018 – Employment rose by 157,000 and unemployment down to 3.9 percent
Total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, in manufacturing, and in health care and social assistance. Household Survey Data In July, the unemployment rate edged down by 0.1 percentage … Continue reading
Job Report in Canada, June 2018 – Employment rose by 32,000 and unemployment up at 6.0%
After two consecutive months of little change, employment rose by 32,000 in June. With more people searching for work, the unemployment rate increased by 0.2 percentage points to 6.0%. Compared with June 2017, employment increased by 215,000 or 1.2%, with all the growth in full-time work. Over the same period, total hours worked grew by 1.4%. Overall employment was little changed in the first six … Continue reading
Euro Area Unemployment, May 2018 – At 8.4% with 3.377 million young persons out of work (under 25)
The euro area (EA19) seasonally-adjusted unemployment rate was 8.4% in May 2018, stable compared with April 2018 and down from 9.2% in May 2017. This remains the lowest rate recorded in the euro area since December 2008. The EU28 unemployment rate was 7.0% in May 2018, stable compared with April 2018 and down from 7.7% … Continue reading
Job Report in Canada, April 2018 – Employment and unemployment were essentially unchanged
Employment was essentially unchanged in April and the unemployment rate held steady at 5.8%. On a year-over-year basis, employment grew by 278,000 (+1.5%). The increase was due to gains in full-time employment (+378,000 or +2.6%), while part-time work declined (-100,000 or -2.8%). In the 12 months to April, total hours worked were up 1.9%. Chart Unemployment rate The number of employed core-aged women … Continue reading
Unemployment Below 4 Percent in US – What does it mean ?
Job creation is increasingly limited not by employers’ optimism or confidence or so-called animal spirits, but on the hard limit caused by the finite number of humans to fill those jobs. And so the focus of policy seems as if it should be less on creating more jobs and more on trying to make the … Continue reading
Job Report in US, April 2018 – Employment increased by 164,000 and unemployment at 3.9 percent
Total nonfarm payroll employment increased by 164,000 in April, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, health care, and mining. Household Survey Data In April, the unemployment rate edged down to 3.9 percent, following 6 months … Continue reading
Recessions in UK – Persistent scarring effects on employment and earnings
This paper estimates the effects of entering the labour market when the economy is weak on subsequent living standards using consistent long-running household survey data from the UK. In line with previous research, we find persistent scarring effects on employment and earnings. However, we also provide the first estimates of impacts on net household incomes … Continue reading
Job Report in US, March 2018 – Employment up by 103,000 and unemployment unchanged (4.1 %)
Total nonfarm payroll employment edged up by 103,000 in March, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in manufacturing, health care, and mining. Household Survey Data In March, the unemployment rate was 4.1 percent for the sixth consecutive month,and the number of unemployed … Continue reading
Job Report in Canada, March 2018 – Employment increased by 32,000 unemployment rate was unchanged (5.8%)
Employment increased by 32,000 in March, driven by full-time gains. The unemployment rate was unchanged at 5.8%. In the first quarter of 2018, employment edged down (-40,000 or -0.2%), as a result of a decrease in January. Over the longer term, employment has been on an upward trend since the second half of 2016. On a year-over-year basis, total employment rose … Continue reading
Unemployment in Europe, February 2018 – 8.5% with 17.7% for under 25
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Job Report in Canada, February 2018 – Employment was little changed (+15,000) and unemployment at 5.8%
Employment was little changed in February (+15,000). The unemployment rate declined by 0.1 percentage points to 5.8%. On a year-over-year basis, employment grew by 283,000 or 1.5%. All of this increase was attributable to gains in full-time work (+283,000 or +1.9%), while part-time employment was unchanged. Over the same period, hours worked rose by 3.2%. Employment increased in New Brunswick and Nova Scotia, … Continue reading
Unemployment in Europe, January 2018 – Euro area at 8.6%, EU28 at 7.3% with 3.646 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 8.6% in January 2018, stable compared to December 2017 and down from 9.6% in January 2017. This is the lowest rate recorded in the euro area since December 2008. The EU28 unemployment rate was 7.3% in January 2018, stable compared to December 2017 and down from 8.1% … Continue reading
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