Job Market Monitor
Unemployment
US March 2015 Job Report – Slowdown in employment growth (126,000)
Total nonfarm payroll employment increased by 126,000 in March, and the unemployment rate was unchanged at 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, health care, and retail trade, while mining lost jobs. Household Survey Data In March, the unemployment rate held at … Continue reading
US – Labor Market Slack Persisted Federal Reserve Bank of Atlanta writes
Shifting labor force participation clouded unemployment picture Although the labor force participation rate (LFPR) has trended down since early 2000 (when the LFPR was 67 percent), the recession exacerbated the decline (see the Labor Force Participation Rate chart). At the end of 2014, roughly 62.7 percent of the working age population was either employed or … Continue reading
US – The unemployment rate for veterans declined to 5.3 percent in 2014
The unemployment rate for veterans who served on active duty in the U.S. Armed Forces at any time since September 2001–a group referred to as Gulf War-era II veterans–declined by 1.8 percentage points over the year to 7.2 percent in 2014, the U.S. Bureau of Labor Statistics reported today. The jobless rate for all veterans, … Continue reading
Unemployment and Parenthood – Its impact differs according to the relationship research finds
Unemployment leads to earlier entries into parenthood for both men and women. However, its impact differs according to the relationship status in which it is experienced. Unemployed men who cohabit and unemployed women who are single have a higher probability of becoming parents. Among married individuals the timing of parenthood is determined largely by the … Continue reading
Job vacancies in Canada in December 2014 – 5.0 unemployed people for every job vacancy down from 6.2 a year before
Canadian businesses reported 233,000 job vacancies in December, up 30,000 compared with 12 months earlier. For every job vacancy, there were 5.0 unemployed people, down from 6.2 in December 2013. This decline in the ratio was the result of both fewer unemployed people and more job vacancies. Unemployment-to-job vacancies ratio declines in four provinces In Nova Scotia, there were 6.6 unemployed people for every job vacancy, down from 10.6 in … Continue reading
UK – 70% moved out of poverty by getting a job ONS finds
Entering employment is widely thought to be the most effective route out of poverty, a view supported by a range of research. But does getting a job always lead to people leaving poverty? Our new analysis shows that between 2007 and 2012, of those aged 18 to 59 who were in income poverty, but then … Continue reading
Canada, February 2015 – The unemployment rate rose by 0.2 percentage points to 6.8%
Employment was unchanged in February, while the unemployment rate rose by 0.2 percentage points to 6.8% as more people searched for work. In the 12 months to February, employment increased by 130,000 (+0.7%) with most of the growth in the second half of the period. Compared with February 2014, full-time employment rose by 121,000 (+0.8%), while there was little change in part-time work. Over the … Continue reading
Unemployed have higher levels of inflammatory markers research finds
Researchers have found the direct biological stress associated with unemployment may explain the increased mortality and morbidity among job-seekers. University of College London investigators correlated inflammatory markers found in blood, which are influenced by stress, to heart disease. The markers are clinically important because mildly raised levels predict atherosclerosis (narrowing of the arteries due to … Continue reading
US – The unemployment rate with the labor force droputs
So what does the unemployment rate picture look like if you take into account all of the labor force droputs since the end of the recession in June of 2009? Not pretty. If you take those labor force dropouts into account, the U.S. does not have an unemployment rate of 5.5 percent. Instead, it has … Continue reading
US Job Report for February 2015 – Total nonfarm payroll employment increased by 295,000
Total nonfarm payroll employment increased by 295,000 in February, and the unemployment rate edged down to 5.5 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in food services and drinking places, professional and business services, construction, health care, and in transportation and warehousing. Employment in mining was down over the month. … Continue reading
Japan – Three measures of slack in labor markets
How likely are Japan’s workers to see a bumper salary increase? The latest labor market data — showing a 1.3 percent annual increase in wages in January — is a hopeful sign. A more detailed answer comes from examining alternative measures of slack in the labor market. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
Unemployment Rate in France – The highest in at least 16 years
French unemployment hit an eye-watering 10.4% in the final three months of 2014, according to statistics just released. That’s the highest in at least 16 years for France — comparable records go back to 1998. Chosen excerpts by Job Market Monitor. Read the whole story at France unemployment record high Q4 2014 – Business Insider. Source: The unemployment … Continue reading
Italy – Unemployment slowing for a second consecutive month
Unemployment in Italy stood at 12.6 per cent in January, slowing for a second consecutive month and returning to its level a year ago, according to national statistics agency Istat: In January 2015 22.320 million persons were employed, essentially unchanged over December 2014. Unemployed were 3.221 million, -0.6% with respect to the previous month. Chosen … Continue reading
Australia – One in five unemployed today is a teenager
It can’t be said enough, amid a steady rise in the overall unemployment rate, Australia’s youth continue to bear the brunt – and teenagers are faring worst of all. More than 290,000 Australian youth aged 15 to 24 were categorised as unemployed in January. The worst hit were the 15 to 19 year olds, with … Continue reading
Germany – The number of unemployed graduates of African descent has increased from about 2,000 to nearly 12,000 from June 2013 to June 2014
Over the last couple of years the number of students from sub-Saharan Africa, who come to study and work in Germany, has increased. But getting a job can be difficult depending on the field of study one is taking. Most students from African countries who happen to study in Europe or the US prefer to … Continue reading
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