Job Market Monitor
Unemployment
Jobs: A ticking time bomb – iafrica.com
Xolile Blessing Bam is passionate about computers. The 20-year-old South African studied IT at a business college in Johannesburg but he has not been able to find a job since. To get some experience, and to keep himself busy, he volunteers as a teaching assistant at a local school in Soweto. “I’ve tried looking for … Continue reading
Firms to be given £2,000 cash ‘reward’ for hiring ‘Neets’ after number of jobless young soars to record levels | Mail Online
Charities and businesses will be given cash incentives to get jobless under-18s ‘earning or learning’, Nick Clegg announced today. The Deputy Prime Minister hopes to defuse the ‘ticking time bomb’ of youth unemployment with a £126million scheme across England Organisations will receive up to £2,200 for every young person they help. They will receive an … Continue reading
The female unemployment crisis | Society | The Guardian
Last week, the official UK unemployment figures showed that women were losing their jobs at a disproportionately greater rate than men. Of the 2.67 million people who are unemployed, 1.12 million are women – the highest number for 25 years. One factor is that the number of women in the labour market has increased over … Continue reading
UNION FOR THE MEDITERRANEAN REGIONAL EMPLOYABILITY REVIEW 2011
YOUTH EMPLOYMENT AND EMPLOYABILITY IN THE 14 EU MEDITERRANEAN PARTNERS: FACING THE CHALLENGE OF INTEGRATING YOUNG PEOPLE INTO THE LABOUR MARKET The two key constraints to employment in the Mediterranean partner countries (MPCs) are insufficient labour demand (in particular for qualified labour), i.e., job creation, and skills mismatches due to failures in the education system, … Continue reading
Cut redundancy consultations and risk increasing unemployment, warns TUC
Reducing consultation rights during collective redundancy exercises could cost jobs, damage workforce morale and increase unemployment, the Trades Union Congress (TUC) warns today (Monday). Currently, where employers are proposing to make between 20 and 99 employees redundant, they must allow for at least 30 days consultation with unions or workplace representatives before any job cuts … Continue reading
A new jobs program for people trapped in unemployment – CBS News
We’ve seen some improvement in the job market lately. But there’s something stubborn about unemployment. Never in the last 60 years has the length of joblessness been this long. Four million people, a full third of the unemployed, have been out of work more than a year. They’ve been severed from the workforce. Ben Bernanke, … Continue reading
The Intractable Tragedy of Long-Term Unemployment – Derek Thompson – Business – The Atlantic
The vast majority of the 5.5 million long-term unemployed have been out of work for more than a year. For this installment of “Working it Out,” we asked you if the government should enact special programs to help the long-term unemployed. We’ve received more than 100 responses. Here are some of the smartest, most heartfelt, … Continue reading
Jobless disability claims soar to record $200B as of January, research from JPMorgan Chase shows – NYPOST.com
Standing too many months on the unemployment line is driving Americans crazy — literally — and it’s costing taxpayers hundreds of billions of dollars. With their unemployment-insurance checks running out, some of the country’s long-term jobless are scrambling to fill the gap by filing claims for mental illness and other disabilities with Social Security — … Continue reading
Egypt unemployment climbs to 12.4 pct Q4/2011 – Economy – Business – Ahram Online
Egypt’s unemployment rate rose by 0.5 per cent to 12.4 per cent in the fourth quarter of 2011, according to an International Labour Organisation [ILO] report. Unemployment was 11.9 per cent in the third quarter of 2011. Urban governorates saw joblessness at 19 per cent and rural governorates 8 per cent. Read More @ Egypt … Continue reading
U.S. Unemployment Increases in Mid-February
The U.S. unemployment rate, as measured by Gallup without seasonal adjustment, is 9.0% in mid-February, up from 8.6% for January. The mid-month reading normally reflects what the U.S. government reports for the entire month, and is up from 8.3% in mid-January. via U.S. Unemployment Increases in Mid-February.
29,500 long-term unemployed Michigan workers lose benefits
Nearly 30,000 “long-term” unemployed workers in Michigan—those out of work for more than 6 months—had their Extended Benefits (EB) assistance abruptly disqualified as of February 18. The EB assistance is the last extension program available for workers who have exhausted all other forms of emergency unemployment compensation. The disqualification comes as a result of new … Continue reading
Egypt’s unemployment rate rises to 12.4% | Egypt Independent
Egypt’s fourth quarter unemployment rate rose by two percentage points from the previous quarter, the government’s statistics office said on its website on Saturday. Unemployment, one of the key triggers of the mass demonstrations that toppled Hosni Mubarak, rose to 12.4 percent in the fourth quarter of 2011, compared to 8.9 percent in the fourth quarter … Continue reading
Trades Union Congress – Jobless cleaners, caterers and machine operators amongst those most at risk of long-term unemployment
If they become unemployed, low-paid workers such as cleaners, catering assistants and machine operators are most likely to be on the dole for more than six months, according to a new TUC analysis published today (Monday) ahead of the latest unemployment statistics this week. The TUC analysis shows that as unemployment rises and the number … Continue reading
Labour markets : the German Recipe according to The Economist
According to The Economist, “the academic achievements of (german) schoolchildren, measured in international tests, look only mediocre… (And) the reading abilities of German 15-year-olds, according to the PISA studies published by the OECD, are below the average for rich countries. The question is then: “In a world where brainpower matters more and more, how does … Continue reading
5 scariest debt and unemployment charts from the new CBO report « The Enterprise Blog
The Congressional Budget Office has released its updated 10-year budget and economic forecast. Actually, the CBO offers two forecasts. It has a baseline forecast, which assumes current law stays in place. It also has an “alternative” forecast which assumes current tax and spending policy stays in place as is—even if the law says it must … Continue reading
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