Job Market Monitor
Unemployment
Self-blame and non-supporting job-seeker support groups are keeping from getting jobs
“The long-term unemployment rate is going down much more slowly than the overall unemployment rate,” notes Sharone, an assistant professor of work and employment relations at MIT’s Sloan School of Management. “And it doesn’t include the 6 million or so ‘missing workers’ — people we’d expect to be in the workforce, but who are not.” … Continue reading
Greece – Unemployment falls to 25.7 pct in September
Greece’s jobless rate fell to 25.7 percent in September from a upwardly revised 26 percent rate in August as the country’s six-year recession eases, Greek statistics agency ELSTAT said on Thursday. September’s reading was the lowest since August 2012 when unemployment stood at 25.5 percent. The record high was set in September 2013, when unemployment … Continue reading
Australia – Unemployment rate in November at 12-year high
The unemployment rate has hit a 12-year high of 6.3%, fuelling talk of interest rate cuts in 2015. November’s figure is up from 6.2% the previous month despite the creation of 42,700 jobs, a figure nearly three times larger than economists were expecting. However, only 1,800 positions were full-time. The number of people looking for … Continue reading
US – Who are the jobless
Averages don’t tell us anything about how employment opportunities are distributed. We tend to talk about the unemployment rate as if it was a shared reflection on all of us. But that’s a bit silly. After all, no one is 5.8 percent unemployed and 94.2 percent employed. For real people, having a job is an … Continue reading
Not Working in US – From the highest employment rates among developed nations to the bottom of the list
Working, in America, is in decline. The share of prime-age men — those 25 to 54 years old — who are not working has more than tripled since the late 1960s, to 16 percent. More recently, since the turn of the century, the share of women without paying jobs has been rising, too. The United … Continue reading
Unemployment in Latin America and the Caribbean – Has continued to fall but will rise from 2015 says ILO
The International Labour Organization (ILO) today reported an unusual pattern in the urban unemployment rate in Latin America and the Caribbean during 2014, which continued to fall despite the economic slowdown. However, the Organization warned that slow growth has begun to impact the labour market. “There are warning signs,” said Elizabeth Tinoco, ILO Regional Director … Continue reading
November Job Report in Canada – Employment was little changed
Following two months of notable gains, employment was little changed in November. The unemployment rate increased 0.1 percentage points to 6.6%. Compared with November 2013, employment increased by 146,000 (+0.8%), with part-time and full-time work up 1.9% and 0.6% respectively. Over the same period, the total number of hours worked was little changed (+0.1%). In the six months to November, employment grew by … Continue reading
November Job Report in US – Total nonfarm payroll employment increased by 321,000, highest since January 2012
Total nonfarm payroll employment increased by 321,000 in November, and the unemployment rate was unchanged at 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains were widespread, led by growth in professional and business services, retail trade, health care, and manufacturing. Household Survey Data In November, the unemployment rate held at 5.8 … Continue reading
France – More people were unemployed in October than ever before
More people were unemployed in France in October than ever before, data released Thursday showed, highlighting continued weak activity in the eurozone’s second-largest economy. The Labour Ministry said the jobless total in mainland France rose by 28,400 to 3,460,900, a 0.8 percent increase over one month and 5.5 percent over one year. President François Hollande … Continue reading
Europe – Unemployment rate was 11.5% in October 2014, 21.6% for youth
The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in October 2014, stable compared with September 2014 , but down from 11.9% in October 2013. The EU28 unemployment rate was 10.0% in October 2014, also stable compared with September 2014 and down from 10.7% in October 2013. These figures are published by Eurostat, the statistical … Continue reading
Unemployment in Germany vs Italy – Three lessons
Looking at sound economic growth in Germany and the long-lasting stagnation in Italy often raises the question of what is going on behind the scenes. Many Italian people ask themselves to whom or what should be blamed for, the government and policy makers, labour market reforms, education system or the culture? While the sluggish economy … Continue reading
Italian – Unemployment at record high and youth unemployment at 43.3 percent
Italy’s unemployment rate unexpectedly rose above 13 percent in October, setting a record as businesses refrain from hiring amid the country’s longest recession since World War II. The unemployment rate rose to 13.2 percent from a revised 12.9 percent the previous month, the Rome-based national statistics office Istat said in a preliminary report today. That’s … Continue reading
US – The job market seen by LinkedIn CEO
Just under 9 million Americans are classified as unemployed. More than double that amount are either stuck in part-time jobs or say they want a job but have given up actively looking. The three groups combined added up to 18.2 million people in October. The figures raises the question, “How effective of a job are … Continue reading
Germany – Unemployment rate to a record low
The Federal Statistical Office revised October’s unemployment number from 6.7% to 6.6%, November’s figure was also 6.6%. Both figures were adjusted for seasonal variation. Meanwhile inflation fell to its lowest rate in nearly five years in November. Official figures showed inflation dropped to 0.5% in November from 0.7% in October. Strong labour market The fall … Continue reading
Ireland – Employment increases 1.5% or 27,700 in a year (Q3)
There was an annual increase in employment of 1.5% or 27,700 in the year to the third quarter of 2014, bringing total employment to 1,926,900. This compares with an annual increase in employment of 1.7% in the previous quarter and an increase of 3.2% in the year to Q3 2013. Summary points for Q3 2014 … Continue reading
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