Job Market Monitor
Unemployment
Germany – Unemployment declined for an eighth month in May
German unemployment declined for an eighth month in May as companies increased hiring in a sign of confidence that Europe’s largest economy will continue growing. Joblessness fell a seasonally-adjusted 6,000 to 2.79 million, the Federal Labor Agency in Nuremberg said on Tuesday. Economists had predicted a drop of 10,000. The unemployment rate remained at 6.4 … Continue reading
France – Unemployment at record high
The jobless rate in France jumped to a fresh record high in April, in a blow to President Francois Hollande, who has pledged not to seek a second term in office if he fails to reverse the increase in unemployment. The number of people out of work in eurozone’s second largest economy climbed 26,000 in … Continue reading
Record Unemployment in France – 100,000 state-sponsored jobs to come
The French government said it will create 100,000 extra state-sponsored jobs after data showed the number of unemployed people in France reached a fresh record high in April. Labor Minister Francois Rebsamen announced the plans on Monday as he reported the number of category A job seekers– defined as registered job seekers who are fully … Continue reading
South Africa – Unemployment rate rises to 26,4%
South Africa has been hit by a double whammy: Stats SA released two sets of economic data today and both results were disappointing. The unemployment rate has risen sharply in the first quarter of this year, with 26,4 percent of potentially economically active South Africans not working. South Africa has nearly 36-million employable people, but … Continue reading
Argentina – Unemployment stabilizes at 7%
Less Argentines seem to be looking for a job, according to the latest figures from the Indec statistics bureau. Official numbers said yesterday that unemployment was stable in the first quarter, at 7.1 percent in the yearly comparison, but that is only because some of the jobless have stopped looking for work, as employment rates … Continue reading
Latin America and the Caribbean Outlook – Unemployment will be up 0.2 percentage point
The unencouraging economic outlook for the current year will likely prompt a mild increase in the regional unemployment rate to 6.2% from the 6.0% registered in 2014, according to estimates released today by the Economic Commission for Latin America and the Caribbean (ECLAC) and the International Labour Organization (ILO). In a new edition of their … Continue reading
Unemployment in OECD in March 2015 – 42.4 million people were unemployed, UR at 6.9%
The OECD unemployment rate fell by 0.1 percentage point to 6.9% in March 2015, with a cumulative decline of 1.2 percentage points since the peak reached in January 2013. Across the OECD area, 42.4 million people were unemployed, 6.6 million less than in January 2013. The euro area unemployment rate was stable in March, at … Continue reading
UK Job Report – Employment rate for people aged from 16 to 64 at record level (73.5%)
Main points for January to March 2015 Comparing the estimates for January to March 2015 with those for October to December 2014, employment continued to rise and unemployment continued to fall. These changes maintain the general direction of movement since late 2011 to early 2012. There were 31.10 million people in work, 202,000 more than … Continue reading
April Job Report for Canada – Employment down by -20,000, UR held steady at 6.8% for the third consecutive month
Employment edged down in April (-20,000), as gains in full-time work were more than offset by losses in part time. The unemployment rate held steady at 6.8% for the third consecutive month. In the 12 months to April, employment increased by 139,000 (+0.8%), with all of the growth in full-time work. Over the same period, the total number of hours … Continue reading
US Job Report April 2015 – Total nonfarm payroll employment increased by 223,000, UR essentially unchanged at 5.4 percent
Total nonfarm payroll employment increased by 223,000 in April, and the unemployment rate was essentially unchanged at 5.4 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and construction. Mining employment continued to decline. Household Survey Data In April, both the unemployment rate (5.4 percent) … Continue reading
Africa – Most of the world’s jobseekers will be there in the next 20 years
Globally, the number of people eager to get earning continues to grow year on year, and a new report from the IMF shows that in the next 20 years, most of the world’s jobseekers will be in Africa. “As both infant mortality and fertility rates decline, sub-Saharan Africa will become the main source of new … Continue reading
China – Employment held up despite slower economic growth Vice Minister of Human Resource and Social Security says
China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labor ministry warned that authorities cannot be “blindly optimistic” as the pace of job creation is slowing. The urban unemployment rate was at 4.05 percent at the end of March, little … Continue reading
Spain – Home to the 5 worst EU regions for unemployment
Spain still has the second-highest unemployment rate in the EU, at 23.2% way worse than third-place Hungary (18.5%) but not quite as terrible as Greece (26%). That would be bad enough. But the report also shows that Spain is proud home to the five European regions with the worst levels of unemployment. At the top … Continue reading
Unemployemnt in Spain – Rises slightly to 23.78 percent
Spain’s unemployment rate in the first quarter increased for the first time in a year, albeit modestly, preliminary figures from the statistical office INE showed Thursday. The jobless rate rose to 23.78 percent from 23.70 percent in the fourth quarter of 2014. Economists had expected the figure to remain unchanged. The latest increase was the … Continue reading
Retirement and Unemployment in Canada – Workers in regions with higher unemployment rate retire two years earlier
Workers in economic regions that had a higher unemployment rate were expected to retire two years earlier, on average, than workers in economic regions with a lower unemployment rate. In 2007, for example, workers in the economic regions with higher unemployment rates, 9.7% on average, were expected to retire at 62.7 years of age. Conversely, workers in economic regions … Continue reading
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