Job Market Monitor
Unemployment
Unemployment in Euro Area – The lowest rate recorded since April 2012
The euro area (EA19) seasonally-adjusted unemployment rate was 11.2% in January 2015, down from 11.3% in December 2014, and from 11.8% in January 2014. This is the lowest rate recorded in the euro area since April 2012. The EU28 unemployment rate was 9.8% in January 2015, down from 9.9% in December 2014 and from 10.6% … Continue reading
Canada – Still 270,000 jobs short of full employment says Carolyn Wilkins, Governor Stephen Poloz’s top deputy,
The economy is still 270,000 jobs short of full employment Carolyn Wilkins, Governor Stephen Poloz’s top deputy, warned in a speech Growing angst about the sluggish pace of job creation could provide more cover for the Bank of Canada to lower interest rates again. Carolyn Wilkins, Governor Stephen Poloz’s top deputy, warned in a speech … Continue reading
Charlie Hebdo – There is one big element missing from the discussion: unemployment
The deaths of those working at Charlie Hebdo have resulted in a great deal of soul-searching in Europe. Here in Brussels, which had its own moments of anxiety following Charlie Hebdo, there is a focus on what causes radicalization and what can be done to prevent it. A lot of the discussion is on better … Continue reading
Extended joblessness could dampen our personalities
Long periods of unemployment drain our bank accounts and weaken the economy. New research suggests extended joblessness could also dampen our personalities. And that can make it harder to find more work. A study published this month in the Journal of Applied Psychology examined a sample of 6769 German adults – 3733 men and 3036 women – who … Continue reading
Zero-hours Contracts in UK – Save the country from eurozone levels of unemployment’
Business groups defend companies who use zero-hour contracts after new figures reveal 697,000 people in the UK are on them Business groups have defended companies using zero-hours contracts, arguing that they have protected the UK from the high levels of unemployment seen on the continent. The Institute of Directors (IoD) and Confederation of British Industry … Continue reading
Unemployment leads to 45,000 suicides every year study finds
One in five suicides around the world is caused by this and the figure is rising. Unemployment is linked to 45,000 suicides around the world each year, a new study finds. This represents around one in five of the total number of global suicides. The research, published in The Lancet Psychiatry, gathered data from 63 … Continue reading
US – Unemployment rates among college graduates are declining
Hard times are becoming better times for most college graduates, though how much better varies widely among college majors – and for Communications and Journalism majors, whose unemployment rates are still rising, better times have yet to arrive. Overall, however, unemployment rates among college graduates are declining. The earnings advantage they enjoy over high school … Continue reading
Massive Open Online Courses (MOOC) in US – Coursera goes to train the unemployed
As Coursera has expanded to become a leading platform for massive open online courses, so has its acceptance as a training ground for skills sought after by employers around the world. In this interview with McKinsey’s Michael Chui, Coursera CEO Richard Levin, whose background includes 20 years as president of Yale University, explores the platform’s … Continue reading
Singapore – Unemployment at 1.9%, a result of forcing organisations to consider more locals for employment
Unemployment in Singapore remained low in December, with more locals employed while the growth of foreign workers continued to moderate, the Manpower Ministry (MOM) said on Friday (Jan 30). The overall seasonally adjusted unemployment rate was at 1.9 per cent for the month, while the resident unemployment rate fell to 2.6 per cent from 2.8 … Continue reading
Unemployment in Germany in January 2015 – At Record Low
Germany’s unemployment rate declined to a record low at the start of the year, reflecting an improvement in the labor market after the euro area’s biggest economy expanded the most in three years during 2014. The jobless rate dropped to a seasonally adjusted 6.5 percent in January from a revised 6.6 percent in December, the … Continue reading
US – Unemployment has not recovered in 95 percent of county economies to pre-recession levels
County economic trends are an essential measure of the well-being of county residents. The conditions of a county economy can constrain and challenge county governments, residents and businesses, while also providing opportunities. This analysis of county economic conditions identifies patterns of growth and recovery in 2014 across the 3,069 county economies by examining annual changes in … Continue reading
US Job Report – A strong December result and the best year for the labor market since 1999
Total nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined to 5.6 percent, the U.S. Bureau of Labor Statistics reported today.Job gains occurred in professional and business services, construction, food services and drinking places, health care, and manufacturing. Household Survey Data The unemployment rate declined by 0.2 percentage point to 5.6 … Continue reading
US – Good signs for Job Report : Jobless Claims Drop and Private sector employment increased by 241,000 jobs says ADP
Fewer Americans filed for unemployment benefits last week as labor-market tightening compelled employers to hold on to seasonal hires. Jobless claims decreased by 4,000 to 294,000 in the week ended Jan. 3, the Labor Department said today in Washington. The median forecast of 45 economists surveyed by Bloomberg called for a decline to 290,000. Chosen … Continue reading
France – Unemployment reached a record high of 3.488 million people in November
Unemployment in France reached a record high of 3.488 million people in November, data released on Wednesday (24 December) shows. French unemployment is rising, but Spain and Greece fare worse (Photo: UNI La fédération de la droite dans l’éducation) The figures mark an increase of 27,400 jobless compared to the previous month and an increase … Continue reading
Finland – Unemployment rose sharply among highly-educated
Unemployment rose sharply among highly-educated people in Finland last year, according to figures released by the central statistics office on Tuesday. Joblessness among those with tertiary-level degrees climbed by some 30 percent between 2012 and 2013, says Statistics Finland. While more people in Finland overall were looking for work, this group expanded the most quickly. … Continue reading
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