Job Market Monitor
Unemployment
Ireland – Unemployment rate down to its lowest level since 2008
The construction and industrial sectors delivered the most new jobs as a 59,400 increase in the number of full-time posts helped bring the unemployment rate down to its lowest level since 2008. Quarterly data published by the Central Statistics Office showed Ireland’s seasonally adjusted unemployment rate dropped to 9.1 per cent in July-September this year … Continue reading
Job Report in UK – Employment at record high
There were 31.21 million people in work, 177,000 more than for April to June 2015 and 419,000 more than for a year earlier. There were 22.80 million people working full-time, 273,000 more than for a year earlier. There were 8.42 million people working part-time, 146,000 more than for a year earlier. The employment rate (the … Continue reading
Gender pay gap in UK – Women working for free until end of year
Britain’s gender pay gap will leave women effectively working for free from 9 November until the end of the year, according to equality campaigners. This year, Equal Pay Day falls on this date, according to the Fawcett Society, which uses official statistics on hourly pay for full-time workers. With the gender pay gap at 14.2%, … Continue reading
US Job Report for October – Total nonfarm payroll employment increased by 271,000 and the unemployment at 5.0 percent
Total nonfarm payroll employment increased by 271,000 in October, and the unemployment rate was essentially unchanged at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, retail trade, food services and drinking places, and construction. Household Survey Data Both the unemployment rate (5.0 percent) … Continue reading
Unemployment – Waiting doesn’t bring better outcomes
In some things, waiting brings better outcomes. We’ve all learned that it’s better to spend more time searching at the buffet line before making a decision. Otherwise, you end up with a plate full of wontons and miss out on the crab legs at the end. Or perhaps it’s better to wait for the next … Continue reading
Canada’s September 2015 Job Report – A decline of 62,000 in full time employment, but overall little changed
Employment was little changed for the fourth consecutive month in September (+12,000 or +0.1%). The unemployment rate increased by 0.1 percentage points to 7.1% as more people participated in the labour market. Part-time employment rose by 74,000 in September, which was largely offset by a decline of 62,000 in full time. Provincially, employment rose in British Columbia, Alberta, Manitoba, Nova Scotia, Saskatchewan and … Continue reading
Job Report in US – Total nonfarm payroll employment increased by only 142,000 in September
Total nonfarm payroll employment increased by 142,000 in September, and the unemployment rate was unchanged at 5.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and information, while mining employment fell. Household Survey Data In September, the unemployment rate held at 5.1 percent, and the number of unemployed … Continue reading
Uber in Brazil – It increases unemployment says president
The president of Brazil, Dilma Rousseff, has criticised ride-sharing service Uber for increasing unemployment, adding to a chorus of labour concerns about the world’s most valuable venture-backed startup. Rousseff said local authorities must regulate the service, which has led conventional taxi drivers to stage protests and lobby lawmakers in Brazil’s three biggest cities. São Paulo, … Continue reading
Germany – Slight rise in in unemployment in August
Fresh data on the German labor market have shown the number of people looking for a job in Europe’s powerhouse economy has gone up marginally. But experts say it’s a seasonal effect not to be worried about. Germany’s Federal Labor Office (BA) said Tuesday it recorded 23,000 job-seekers more across the country in August as … Continue reading
Unemployment in EU – The lowest rate recorded since February 2012 but 4.634 million young persons are still unemployed
The euro area (EA19) seasonally-adjusted unemployment rate was 10.9% in July 2015, down from 11.1% in June 2015, and from 11.6% in July 2014. This is the lowest rate recorded in the euro area since February 2012. The EU28 unemployment rate was 9.5% in July 2015, down from 9.6% in June 2015, and from 10.2% … Continue reading
US Jobless Claims – A decline after four straight weekly increases
The number of Americans seeking first-time unemployment benefits fell last week, suggesting the labor market remains healthy. Initial jobless claims, a proxy for layoffs across the U.S., decreased by 6,000 to a seasonally adjusted 271,000 in the week ended Aug. 22 the Labor Department said Thursday. The decline comes after four straight weekly increases. Economists … Continue reading
China – What is the real unemployment rate?
What is China’s Unemployment Rate? 4.1% For what month, what year? Doesn’t matter the answer is still 4.1%. That’s a slight exaggeration but for the last 3 years the unemployment rate has been 4.1% almost every month. Indeed, since 2002 the official unemployment rate has varied between 3.9% and 4.3%, an absurdly smooth series. In contrast to … Continue reading
Rwanda – Understanding the 3.4% unemployment rate
Rwanda’s unemployment rate is at just 3.4 per cent, a statistic that recently generated heated debate on social media. Some believe the country’s unemployment rate is far higher. So how does the National Institute of Statistics Rwanda (NISR) compute unemployment figures? The 3.4 per cent means that just over 3 people out of 100 are … Continue reading
UK – 63,000 fewer people in work than for January to March 2015
There were 31.03 million people in work, 63,000 fewer than for January to March 2015 but 354,000 more than for a year earlier. There were 22.76 million people working full-time, 352,000 more than for a year earlier. There were 8.27 million people working part-time, little changed compared with a year earlier. The employment rate (the … Continue reading
Eurozone – Why long-term unemployment is so high
Of the 19m jobless Europeans, more than half have not worked for the last year. And over 15% have not had a job for more than four years. Unsuprisingly, the problem is most severe in southern Europe where a protracted crisis pushed up overall unemployment, and with it long-term joblessness. But in contrast the number … Continue reading
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