Job Market Monitor
Unemployment
Canada – Is the job recovery the best ? That depends on what you measure
History is clear: The Harper government’s record on job creation is the weakest of Canada’s past nine prime ministers. But is it the best job creation record we could have right now, given how so many nations are struggling with the enduring impact of the 2008 global economic crisis? When it comes to recovery, are … Continue reading
EU – To act on unemployment
Over seven years since the onset of the financial crisis, the unemployment situation in the Eurozone remains a big concern. As of June this year the unemployment rate across the euro area was 11.1%, compared with 5.3% in the United States: Even allowing for the fact that US unemployment has been considerably lower since 2000, the … Continue reading
Canada July Jobs Report – Modest 6,600 jobs
Canada’s overall labour market didn’t change very much in July as the economy created 6,600 additional jobs, Statistics Canada reported today. That was roughly in line with the 5,000 new jobs that economists had been forecasting. The unemployment rate remained at 6.8 per cent for the sixth straight month. Manufacturing remains weak as another 4,600 factory jobs disappeared … Continue reading
Australia July Jobs Report – Unemployment rate, jobs both record surprise jumps
Employment surged in the month of July even as the unemployment rate climbed from 6 to 6.3 per cent. The latest official figures from the Bureau of Statistics show a jump of employment of 38,500 in July after a jump of 7000 in June and 42,000 in May. The combined jump of 87,500 came as … Continue reading
US July Jobs Report – 2.9 million jobs over the past 12 months
The U.S. economy added 215,000 jobs in July, continuing a steady expansion. Friday’s report from the Labor Department showed few changes from the prior month on a range of measures, including the unemployment rate, at 5.3%, and the labor-force participation rate. The economy has added around 2.9 million jobs over the past 12 months. That’s … Continue reading
UK – 54,000 new mothers may be forced out of their jobs each year report says
New research suggests that around 54,000 new mothers may be forced out of their jobs in Britain each year. These findings are based on a survey of over 3,200 women by the Equality and Human Rights Commission, in which 11% of the women interviewed reported having been dismissed, made compulsorily redundant where others in their … Continue reading
Finland – Unemployment rate at 10%, 22.7 percent for youth
Statistics Finland reports that the unemployment rate in Finland reached ten percent in June 2015, up from 9.2 percent one year earlier. Youth unemployment is over 22 percent already, with no signs of improvement in sight because there are no jobs or internships to be had. Young people have it the worst Perhaps the most … Continue reading
Job Market in US – There may be some lingering slack FRBSF says
The U.S. economy is looking quite good. Growth is on a solid trajectory, and the FOMC’s maximum employment goal is in sight. Risks from abroad are unlikely to overturn strong U.S. fundamentals. Still, the exact timing of an initial interest rate increase will depend on convincing evidence that inflation is heading back toward target. The … Continue reading
UK – The job market looks like it might be slowing down
After years of defying gravity and outperforming the rest of Europe, Britain’s job market looks like it might be slowing down. That means that renewed worries about an imminent rise in British rates, which have just resurfaced this week following hawkish remarks from Bank of England Governor Mark Carney and outgoing rate-setter David Miles, might … Continue reading
US – More than one in ten unemployed in 2014 were jobless for 99 weeks or longer
Share of long-term unemployed reached a record high in 2010 The long-term unemployed are people who have been looking for work for 27 weeks or longer. After expanding for 3 consecutive years, the number of long-term unemployed reached a record high of 6.7 million—or 45.1 percent of the unemployed—in the second quarter of 2010. Since … Continue reading
Job Report in Canada , June 2015 – Employment was virtually unchanged in June (-6,400 or 0.0%)
Employment was virtually unchanged in June (-6,400 or 0.0%), as gains in full-time work were offset by losses in part time. The unemployment rate held steady at 6.8% for the fifth consecutive month. Following gains of 63,000 (+0.4%) in the first quarter of 2015, employment grew by 33,000 (+0.2%) in the second quarter. Full-time work increased by 143,000 in the second quarter, while part-time work … Continue reading
Millions trapped at bottom of economic ladder OECD says
The OECD Employment Outlook 2015 says that around 42 million people are currently without work across the OECD, down from 45 million in 2014 but still 10 million more than just before the crisis. Unemployment in the 34 OECD countries is projected to continue declining over the next 18 months to reach 6.5% in the last quarter of … Continue reading
Greece – National Reforms Programme, the Job Market and the national 2020 target
According to Labour Force Survey (LFS), the average number of employed (aged above 15 years) declined by 149.6 thousand people in 2013 against 2012 (i.e. a 4% y-o-y decline), following a 8% y-o-y drop in employment in 2012 versus 2011. Overall, the impact of the recession on employment has been significant, as between the fourth … Continue reading
Nigeria unemployment rate at 7.5% for the first three months of 2015- How it is calculated
The claim by Nigerian statisticians that the country’s unemployment rate nowadays stands at less than 10% was met with scepticism. “My reaction is simple: I don’t believe the statistics of the National Bureau of Statistics,” a union leader told the newspaper Leadership. And in a report headlined “Outraged Nigerians blast govt over 6.4% unemployment claim” the … Continue reading
US – The June Jobs Report in Charts
Here’s a look at what the latest release from the Labor Department on Thursday tells us about the state of the U.S. economy, in 10 charts. Chosen excerpts by Job Market Monitor. Read the whole story at The June Jobs Report in 10 Charts – Real Time Economics – WSJ. Related Posts Job Report in US … Continue reading
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