Job Market Monitor
Unemployment
Can growth alone tackle unemployment? No, fiscal policy must be as growth-friendly as possible
Can growth alone tackle unemployment? Evidence is summarized in Figure 2, which shows the growth-jobs nexus using two alternate measure of the state of labor markets, the unemployment rate and the growth rate of employment. The left panel of Figure 2 shows that, among advanced economies on average, unemployment falls by a third of a … Continue reading
EI in Canada, September 2014 – 494,400 Benefits recipients, little changed from the previous month
The number of people receiving regular Employment Insurance (EI) benefits in September was 494,400, little changed from the previous month. Compared with September 2013, the number of beneficiaries decreased by 18,000 or 3.5%. Ontario was the only province with a notable decline in September, while there were more people receiving regular benefits in British Columbia, Saskatchewan, Quebec and Manitoba. There … Continue reading
UK – Are Jobcentre’s demands helping job search ?
A JOBSEEKER claims he is being discriminated against because he has voiced his objections to “draconian” demands. Peter Styles says that a requirement to sign on every day in segregation with a member of staff behind Perspex glass at a Jobcentre is hindering his search for a job. The 43-year-old has appealed against the decision … Continue reading
US – Suburban inadequate transit worsens unemployment
I took a look at the study report, which was published earlier this year by the Census Bureau’s Center for Economic Studies. More specifically, the research looked at a sample of 247,000 Midwestern lower-income “workers who have experienced an involuntary job displacement” because of mass layoffs, and how long they remained unemployed. The researchers also … Continue reading
Youth in Canada – The bigger issue is underemployment says the Broadbent Institute
As of October, 2014, the youth unemployment rate was still 12.6%, well over double the adult rate, and the youth employment rate (the proportion of the age group 15 to 24 holding any kind of a job) was 56.5%, still down a full three percentage points from 2008. The bigger issue is underemployment. Far too … Continue reading
Australia – The Unemployment Union myth-busting
Australia’s inhumane welfare system is based on a number of Myth: Click on the links below and help us BUST THE 10 MYTHS that prop up our unfair Welfare system. MYTH #1: “The Australian government spends too much on welfare“ MYTH #2: “Australia spends too much on Unemployment benefits” MYTH #3: “Newstart is a temporary payment“ MYTH #4: “In Australia, anyone can get a job if they try … Continue reading
US – All recessions the same for husbands losing job and wives
Earlier research showed an added-worker effect for wives when their husbands stopped working during the Great Recession (December 2007–June 2009) but not when husbands stopped working in recent years of prosperity (2004–2005). By including one recession per decade for the 1980s, 1990s, and 2000s, this article builds upon that research by using Current Population Survey … Continue reading
UK – Only one in every forty new jobs since the recession is for a full-time employee, says TUC
The share of UK jobs accounted for by full-time employees fell during the recession and has failed to recover, according to new analysis published today (Wednesday) by the TUC. The analysis shows that the share of full-time employee jobs was 64 per cent in 2008 and fell to 62 per cent in 2014. This is … Continue reading
Philadelphia Fed on Labor Market – Significant progress has been made
Last week’s employment numbers showed employers adding 214,000 jobs in October. Revisions for September and August added 31,000 more jobs than originally estimated. Interestingly, what we once thought was a weak jobs report for August now shows we added 203,000 jobs, which means that we have had nine months of job growth above 200,000 for … Continue reading
UK Job Report (July to September 2014) – 112,000 more employed, 694,000 more than for a year earlier and UR at 6.0%,
A record number of people are currently employed. Dr John Philpott, director of The Jobs Economist This is the most encouraging set of labour market figures for several months, combining a return to strong employment growth (up 112,000 in the quarter) with a sharp fall in unemployment (down 115,000) and average weekly earnings growth of … Continue reading
EU Court of Justice – Countries can exclude jobless immigrants from getting welfare
Europe’s top court has ruled that European Union countries can block jobless immigrantsfrom receiving welfare benefits. The so-called ‘welfare tourism’ case involved a Romanian woman, 25-year-old Elisabeta Dano, who had applied for, and been denied, unemployment benefit in Germany on the grounds that she was not actively seeking a job. She had received child benefits … Continue reading
Veteran in US – The 100,000 Jobs Mission on track by the end of 2014 to beat its own goal
One alliance to boost veteran employment is on track by the end of 2014 to beat its own goal – by five years – of hiring at least 200,000 U.S. military veterans, according to a report released Monday commissioned by RAND and JPMorgan Chase. Known as the 100,000 Jobs Mission, the coalition consists of 179 … Continue reading
World Economic Forum – Joblessness and Inequality head the Top 10 trends for 2015
Deepening income inequality and jobless growth head the Top 10 trends for 2015, according to the Outlook on the Global Agenda, which is published today. These long-standing economic challenges are joined in this year’s survey by growing political and environmental concerns. The trends are based on a survey of almost 1,800 experts from the Forum’s … Continue reading
Canada – More young workers give up hope says the Canadian Labour Congress
Despite the positive signs in the most recent labour force survey from Statistics Canada, the picture for the next generation remains bleak. “Last month, another 26,000 young workers gave up looking for a job and left the labour market. If you look at the jobs that our economy has created for these young people over … Continue reading
US – The unemployment rate isn’t the only, or even necessarily the best, indicator
Every month, the Bureau of Labor Statistics releases a flood of data about employment and unemployment in the previous month. And every month, the lion’s share of the attention goes to one figure — the unemployment rate — as an indicator of where the U.S. economy stands. Today, for instance, the BLS said unemployment last … Continue reading
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