Job Market Monitor
Unemployment
The Great Recession in US – 5 Ways how the workforce has changed
Here are five ways in which the U.S. workforce has changed since the onset of the Great Recession. A smaller share of Americans are in the labor force. In December 2007, two-thirds (66.0%) of civilians ages 16 and over either were employed or actively looking for work; as of October of this year, only 62.7% were. The … Continue reading
Job Report in Canada, November 2017 – Employment up 80,000, unemployment fell to 5.9%, lowest since February 2008
Employment increased for the second consecutive month, up 80,000 in November. The unemployment rate fell by 0.4 percentage points to 5.9%, the lowest rate since February 2008. In the 12 months to November, employment was up by 390,000 (+2.1%), with all the gains attributable to full-time work (+441,000 or +3.0%) as part-time employment was down slightly. Over the same period, total hours worked grew by 1.0%. The … Continue reading
Job Report in Canada, October 2017 – Employment increased by 35,000 and unemployment rate rose 0.1 percentage points to 6.3%
Employment increased by 35,000 in October, and the unemployment rate rose 0.1 percentage points to 6.3%. Employment gains in the month were driven by full-time work (+89,000), while fewer people worked part time (-53,000). On a year-over-year basis, total employment rose by 308,000 (+1.7%), with full-time work increasing by 397,000 (+2.7%) and the number of people working part time declining by 89,000 (-2.5%). On a year-over-year … Continue reading
Unemployment in Europe, September 2017 – 8.9%, down from 9.0% in August with 3.735 million young persons (under 25)
The euro area (EA19) seasonally-adjusted unemployment rate was 8.9% in September 2017, down from 9.0% in August 2017 and from 9.9% in September 2016. This is the lowest rate recorded in the euro area since January 2009. The EU28 unemployment rate was 7.5% in September 2017, stable compared to August 2017 and down from 8.4% … Continue reading
The labor market in US, 2000–2016 – Recovery from the Great Recession is essentially complete, but there are di cult unemployment and wage issues
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
Job Report in US, September 2017 – Employment down by 33,000 after hurricanes
The unemployment rate declined to 4.2 percent in September, and total nonfarm payroll employment changed little (-33,000), the U.S. Bureau of Labor Statistics reported today. A sharp employment decline in food services and drinking places and below-trend growth in some other industries likely reflected the impact of Hurricanes Irma and Harvey. Chosen excerpts by Job … Continue reading
Job Report in Canada, September 2017 – Employment and unemployment essentially unchanged
Employment was essentially unchanged in September (+10,000 or +0.1%). The unemployment rate remained at 6.2%, matching the low of October 2008. Chart Unemployment rate Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Labour Force Survey, September 2017
Euro Area, August 2017 – The unemployment rate was 9.1% with 754 million young persons unemployed under 25
The euro area (EA19) seasonally-adjusted unemployment rate was 9.1% in August 2017, stable compared to July 2017 and down from 9.9% in August 2016. This remains the lowest rate recorded in the euro area since February 2009. The EU28 unemployment rate was 7.6% in August 2017, down from 7.7% in July 2017 and from 8.5% … Continue reading
Job Report in Canada, August 2017 – Employment was little changed, unemployment rate at 6.2%, matching the most recent low of October 2008
Employment was little changed in August (+22,000 or +0.1%). The unemployment rate declined by 0.1 percentage points to 6.2%, matching the most recent low of October 2008, the month prior to the 2008-2009 labour-market downturn. An increase in the number of people working part time (+110,000) was mostly offset by a decline in the number of people employed full time (-88,000). While … Continue reading
Labour slack in the EU – Around 50 million people
The unemployment rate is an important and well-publicised measure of labour market performance in developed market economies. It is currently high in the EU compared with other developed countries and still well above its historical average nearly a decade a er the beginning of the global financial crisis. But focusing exclusively on the unemployment rate … Continue reading
Unemployment in Europe (July 2017) – At 9.1% for the Euro area and 3.792 million under 25 unemployed in the EU28
The euro area (EA19) seasonally-adjusted unemployment rate was 9.1% in July 2017, stable compared to June 2017 and down from 10.0% in July 2016. This is the lowest rate recorded in the euro area since February 2009. The EU28 unemployment rate was 7.7% in July 2017, stable compared to June 2017 and down from 8.5% … Continue reading
Job Report in US, July 2017 – Employment increased by 209,000
Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care. Household Survey Data Both the unemployment rate, at 4.3 percent, and the number … Continue reading
Job Report in Canada, July 2017 – Little change in employment and unemployment declines to 6.3%
Following two months of notable increases, employment was little changed in July (+11,000 or +0.1%). As the number of people searching for work edged down, the unemployment rate declined by 0.2 percentage points to 6.3%. This is the lowest rate since October 2008, just prior to the onset of the 2008-2009 labour market downturn. In the 12 months to July, employment rose by 388,000 (+2.1%), mostly … Continue reading
The Fed’s Report to the Congress, July 12, 2017 – The labor market has continued to strengthen
Semiannual Monetary Policy Report to the Congress (July 12, 2017) Chair Janet L. Yellen (Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C.) Chairman Hensarling, Ranking Member Waters, and other members of the Committee, I am pleased to present the Federal Reserve’s semiannual Monetary Policy Report to the Congress. In my remarks … Continue reading
Job Report in UK, March to May 2017 – The unemployment rate at 4.5%, the lowest since 1975
The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.5%, down from 4.9% for a year earlier and the lowest since 1975. Estimates from the Labour Force Survey show that, between December 2016 to February 2017 and March to May 2017, the number of people in work increased, … Continue reading
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