Job Market Monitor
Unemployment
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
Global Unemployment – To rise modestly in 2017 says ILO
The global unemployment rate is expected to rise modestly from 5.7 to 5.8 per cent in 2017 representing an increase of 3.4 million in the number of jobless people, a new ILO report shows (table 1). The number of unemployed persons globally in 2017 is forecast to stand at just over 201 million – with … Continue reading
Unemployment in Europe in October 2016 : 9.8% (Euro Area), 4.169 million young persons (EU28)
The euro area (EA19) seasonally-adjusted unemployment rate was 9.8% in October 2016, down from 9.9% in September 2016 and from 10.6% in October 2015. This is the lowest rate recorded in the euro area since July 2009. The EU28 unemployment rate was 8.3% in October 2016, down from 8.4% in September 2016 and from 9.1% … Continue reading
Job Report in US, October 2016 – Total nonfarm payroll employment rose by 161,000
Total nonfarm payroll employment rose by 161,000 in October, and the unemployment rate was little changed at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care, professional and business services, and financial activities. Household Survey Data The unemployment rate, at 4.9 percent, and the number of … Continue reading
Unemployment in EU, September 2016 – 10.0%, down from 10.6% in a year with 4.125 million young persons out of job
The euro area (EA19) seasonally-adjusted unemployment rate was 10.0% in September 2016, stable compared to August 2016 and down from 10.6% in September 2015. This is the lowest rate recorded in the euro area since June 2011. The EU28 unemployment rate was 8.5% in September 2016, stable compared to August 2016 and down from 9.2% … Continue reading
Unemployed in EU – 65.7% remained unemployed, 15% found a job
Out of all persons in the European Union (EU) who were unemployed in the fourth quarter 2015, 65.7% (13.0 million persons) remained unemployed in the first quarter 2016, while 15.4% (3.0 million) moved into employment and 18.9% (3.7 million) towards economic inactivity in Q1 2016. Of all those initially in employment, 96.2% (169.7 million persons) … Continue reading
Euro area – Unemployment at 10.1%, 4.276 million young persons unemployed in the EU28
The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in July 2016, stable compared to June 2016 and down from 10.8% in July 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6% in July 2016, stable compared to June 2016 and down from 9.4% … Continue reading
Youth Unemployment – A systematic review of what improve labour market outcomes
This systematic review investigates the impact of training and skills development, entrepreneurship promotion, employment services, and subsidised employment interventions on the labour market outcomes of young women and men. The systematic and meta-analysis is based on evidence from 113 counterfactual-based impact evaluations of 107 active labour market programmes in 31 low-, middle- and high-income countries. … Continue reading
US – The erosion in labor mobility and entrepreneurship since 2000 can be more accurately explained by weak demand
Academics and policymakers have recently focused on a worsening economic phenomenon commonly referred to as the decline in “business dynamism,” that is, the declining rate at which new businesses are formed and the rate at which they grow. This decline in dynamism and entrepreneurship accompanies a decline in overall labor market mobility, including quits and … Continue reading
Unemployment in the Euro Area – 10.1% in June 2016, 20.8% for youth
The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in June 2016, stable compared to May 2016 and down from 11.0% in June 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6% in June 2016, stable compared to May 2016 and down from 9.5% … Continue reading
Job Report in Canada, May 2016 – Employment was little changed in May (+14,000 or +0.1%)
Employment was little changed in May (+14,000 or +0.1%). With fewer people searching for work, the unemployment rate declined 0.2 percentage points to 6.9%, the lowest rate since July 2015. Full-time employment rose by 61,000 in May. This increase was largely offset by a decline of 47,000 in part-time work. In the 12 months to May, employment increased by 109,000 or 0.6%, the result of gains in full-time work. … Continue reading
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