Job Market Monitor
Unemployment
Out-of-Work in US – 11.3 million individuals
Of the combined unemployed and not-in-the-labor-force populations, our goal is to identify those most likely to be interested in or benefit from workforce development assistance. Therefore, we subtracted the following groups: people receiving retirement and disability benefits, most students, and our best estimate of people who choose to be stay-at-home parents with sufficient earnings from … Continue reading
Job report in Canada, May 2017 – Employment rose by 55,000, unemployment rate at 6.6%
Employment rose by 55,000 in May, spurred by an increase in full-time work (+77,000). At the same time, the unemployment rate rose by 0.1 percentage points to 6.6%, the result of more people participating in the labour market. The employment increase in May builds on gains since July 2016, when the current upward trend began. Compared with 12 months earlier, there were 317,000 (+1.8%) more … Continue reading
Labor Market in US – It is doing quite well but earnings inequality continues to rise
In the aggregate the US labor market is doing quite well. Unemployment is currently below 5%, and real weekly earnings of full-time workers increased from the 2000 cyclical peak to the current period of near full employment. The difficulties lie behind the aggregates. Earnings inequality continues to rise, with the growth in earnings most prevalent … Continue reading
Unemployment in EU regions, 2016 – From 2.1% to 31.3%, fell in 8 out of 10
Unemployment rates in the EU regions ranged from 2.1% to 31.3%. Unemployment rates fell in 8 out of 10 EU regions. More than 80% of the NUTS 2 regions of the European Union (EU) saw their unemployment rate fall in 2016 compared with 2015, and around 60% recorded a decrease of at least 0.5 percentage points. … Continue reading
Job Report, US, April 2017 – Total nonfarm and unemployment rate was little changed at 4.4 percent
Total nonfarm payroll employment increased by 211,000 in April, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in leisure and hospitality, health care and social assistance, financial activities, and mining. Household Survey Data Both the unemployment rate, at 4.4 percent, and the … Continue reading
Job Report, Canada, April 2017 – The lowest unemployment rate since October 2008
Employment was little changed in April, while the unemployment rate declined 0.2 percentage points to 6.5%, the lowest rate since October 2008. The decrease was mostly the result of fewer youth searching for work. Compared with 12 months earlier, there were 276,000 (+1.5%) more people employed and the unemployment rate was 0.6 percentage points lower. Over the same period, the total number of hours worked … Continue reading
Unemployement in Europe, March 2017 – 9.5% in the Euro Area, 3.883 million among under 25
The euro area (EA19) seasonally-adjusted unemployment rate was 9.5% in March 2017, stable compared to February 2017 and down from 10.2% in March 2016. This is the lowest rate recorded in the euro area since April 2009. The EU28 unemployment rate was 8.0% in March 2017, down from 8.1% in February 2017 and from 8.7% … Continue reading
Job Report in Canada, March 2017 – Employment was little changed (+19,000 or +0.1%)
Employment was little changed in March (+19,000 or +0.1%), while the unemployment rate rose 0.1 percentage points to 6.7% as more people searched for work. In the first quarter of 2017, employment gains totalled 83,000 or 0.5%. This growth is comparable to the last quarter of 2016 (+91,000 or +0.5%) and notably higher than the first quarter of 2016 (+36,000 or +0.2%). Compared with 12 months earlier, employment increased by 276,000 (+1.5%), mostly … Continue reading
Job Report in US, March 2017 – Employment up by (only) 98,000 bu unemployment rate fell to 4.5 percent, the lowest level in almost a decade
The unemployment rate declined to 4.5 percent in March, and total nonfarm payroll employment edged up by 98,000, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services and in mining, while retail trade lost jobs. Household Survey Data The unemployment rate decreased by 0.2 percentage point to 4.5 percent … Continue reading
Unemployment in the Euro area, February 2017 – At 9.5%, with 3.905 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 9.5% in February 2017, down from 9.6% in January 2017 and from 10.3% in February 2016. This remains the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.0% in February 2017, down from 8.1% in January 2017 and from 8.9% in … Continue reading
Radicalization – Unemployed secondary educated people have the highest probability, followed by tertiary educated unemployed/underemployed research finds
Unemployed/underemployed educated individuals are more likely to support violent extremism with unemployed secondary educated people having the highest probability for radicalization followed by tertiary educated unemployed/underemployed. This paper represents a contribution to the literature on the relationship between economic development and radicalization or support for violent extremism. It uses survey data from eight Arab countries … Continue reading
US – The unemployment rate is just one indicator
The unemployment rate is just one indicator of how the U.S. economy is doing, and it’s not always the best one. Simply being out of work isn’t enough for a person to be counted as unemployed; he or she also has to be available to work and actively looking for work (or on temporary layoff). In any … Continue reading
Unemployment Rate in Europe, January 2017 – 9.6% for the Euro Area, 4.017 million young persons overall
The euro area (EA19) seasonally-adjusted unemployment rate was 9.6% in January 2017, stable compared to December 2016 and down from 10.4% in January 2016. This remains the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.1% in January 2017, down from 8.2% in December 2016 and from 8.9% … Continue reading
The three-fold effects of technology and globalization on labor markets
The effects of technology—especially digital innovation—and globalization on labor markets are three-fold. The first effect is disruption as jobs relocate to take advantage of lower costs, evolve to entail different tasks, or undergo wholesale change with the elimination of old jobs and the emergence of new ones. Disruption is a permanent feature of any dynamic … Continue reading
Unemployment in Europe – 9.6% in December 2016 in the euro area with 4.219 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 9.6% in December 2016, down from 9.7% in November 2016 and down from 10.5% in December 2015. This is the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.2% in December 2016, stable compared to November 2016 and down from … Continue reading
