Unemployment

This tag is associated with 1431 posts

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

The Current State of the World of Work – Some progress in the world of work has been achieved says ILO

There has been considerable progress in terms of socio-economic development and recognition of rights. These include, but are not limited to, the following: Job creation has been positive, albeit slightly below the rate of population growth: Total employment (including employees, contributing family workers, own-account workers and employers) continues to grow and has been accompanied by … Continue reading

Job Report in Canada, January 2018 – Employment fell by 88,000 and unemployment increased to 5.9%

Following two months of increases, employment fell by 88,000 in January. Part-time employment declined (-137,000), while full-time employment was up (+49,000). At the same time, the unemployment rate increased by 0.1 percentage points to 5.9%. On a year-over-year basis, employment grew by 289,000 or 1.6%. Gains were driven by increases in full-time work (+414,000 or +2.8%), while there were fewer people working part time … Continue reading

Wages in US – Why pay has lagged behind

With the nationwide unemployment rate at 4.1 percent, the lowest since 2000, economists have been surprised by the slow growth in workers’ paychecks. Historically, when that few people are unemployed, companies have had to pay more to attract workers — simple supply and demand. But maybe competition for workers isn’t quite as intense as the … Continue reading

Job Report in US, January 2018 – Employment increased by 200,000, unemployment rate was unchanged and hourly earnings up by 2.9 percent

Total nonfarm payroll employment increased by 200,000 in January, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in construction, food services and drinking places, health care, and manufacturing. Household Survey Data In January, the unemployment rate was 4.1 percent for the … Continue reading

Job Report in Europe, November 2017 – Unemployment at 8.7% with 3.698 million young persons unemployed

The euro area (EA19) seasonally-adjusted unemployment rate was 8.7% in November 2017, down from 8.8% in October 2017 and from 9.8% in November 2016. This is the lowest rate recorded in the euro area since January 2009. The EU28 unemployment rate was 7.3% in November 2017, down from 7.4% in October 2017 and from 8.3% … Continue reading

Job Report in US, December 2017 – Employment increased by 148,000 and unemployment rate was 4.1 percent for the third consecutive month

Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care, construction, and manufacturing. Household Survey Data In December, the unemployment rate was 4.1 percent for the third consecutive month. The number of unemployed … Continue reading

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