Job Market Monitor
Unemployment
US – The October Jobs Report in charts
The unemployment rate fell to 5.8%, its lowest level since 2008. The number of Americans in the labor force ticked up slightly from the previous month. And the employment-to-population ratio, a measure of the share of Americans who are working, rose slightly to a five-year high. Chosen excerpts by Job Market Monitor. Read the whole … Continue reading
US – Life in the unemployment capital: the case of Yuma
Yuma: A 28.2-percent unemployment rate is outlandishly high. Even in bankrupt and blighted Detroit, the rate was 7.9 percent in August. Among the metro areas whose numbers the Labor Department tracks, there is Yuma, there is El Centro (just 60 miles away in California), and then there is every other city in the nation. Chosen excerpts … Continue reading
Youth Unemployment in Indonesia – 22% of the 15-24 years
Youth unemployment in Indonesia is alarmingly high – 22% of Indonesians between 15 and 24 years old cannot find a job. There is pressure on the newly installed Widodo government to provide more jobs for youths in labour-intensive sectors. Vocational school students in Indonesia play an important role in providing growth in the country’s manufacturing … Continue reading
Canada – Employment rose for the second consecutive month, up 43,000 in October, UR at 6.5%, the lowest rate since November 2008
Employment rose for the second consecutive month, up 43,000 in October. This pushed the unemployment rate down 0.3 percentage points to 6.5%, the lowest rate since November 2008. In the 12 months to October, employment rose by 182,000 (+1.0%), with the growth in September and October of this year accounting for two-thirds of this increase. Compared with October 2013, part-time employment rose by 101,000 (+3.0%) and full-time employment … Continue reading
US – Total nonfarm payroll employment rose by 214,000 in October, UR at 5.8 percent
Total nonfarm payroll employment rose by 214,000 in October, and the unemployment rate edged down to 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, retail trade, and health care. Household Survey Data Both the unemployment rate (5.8 percent) and the number of unemployed persons (9.0 … Continue reading
Underemployment in Europe – Three forms of it
This article reports on three forms of unemployment in the European Union (EU) which are not covered by the ILO definition of unemployment. They are: underemployed part-time workers, jobless persons seeking a job but not immediately available for work and jobless persons available for work but not seeking it. These three groups do not meet … Continue reading
Youth Unemployment in Jamaica – At 34.1 per cent in July 2014.
The Statistical Institute of Jamaica (STATIN) is reporting an 11 per cent decline in the unemployment rate for July compared with the similar period last year. In its July 2014 Labour Force Survey, STATIN says there were 179,000 unemployed persons in the country compared to 201,600 in July 2013. Unemployment among youth age 14-24 was … Continue reading
Australia – Unemployment at 6.2%, still near 12-year high
Australia’s jobless rate remained at the highest level in almost 12 years, a sign that many businesses are reluctant to hire in an uncertain economic climate and that interest rates may need to stay at record lows for a while yet. Unemployment stayed at a higher-than-expected 6.2% in October, the same as the recently revised … Continue reading
Unemployment in Nigeria – Schools do not train students to be self-reliant but rather to be job seekers says minister
The endemic unemployment in Nigeria has been blamed on many students and graduateslacking basic occupational skills and inability of most secondary schools and tertiary institutions in the country to teach their students to be self-reliant but rather to be job seekers. The Permanent Secretary, Ministry of Works in the state, Dr. Ifreke Ekpa who stated … Continue reading
Immigrants in UK – 6 Facts about social and economic characteristics by length of residence
2011 Census data is analysed to explore differences in socio-economic characteristics between UK-born and different non UK-born populations over time. Talking points include qualifications, occupation, English language proficiency and national identity. 1. Of those born in China, the USA and Poland who were resident in the UK, a larger proportion arrived in the UK in 2007-11 … Continue reading
Unemployment in Europe – Latest economic forecasts are grim
The European Commission’s latest economic forecasts are grim. Overall, growth for the eurozone is expected to be 1.1% this year, down from the 1.7% in the spring forecast. On the unemployment front the report took an even more negative tone. Labour market conditions are expected to improve very gradually, with unemployment falling from 11.5% today to 10.8% … Continue reading
Canada – Ensuring jobs for veterans is an obligation survey finds
The vast majority of Canadians believe we have an obligation to ensure veterans find meaningful employment after their military service. The exact number has hit an all-time high of 96 per cent, up from 94 per cent last year, and 90 per cent in 2008. The annual Nanos national Remembrance Day survey, released today by … Continue reading
Singapore – Unemployment at 1.9 per cent
Unemployment in Singapore remained “low and steady” in the third quarter, despite an increase in layoffs due to business restructuring, the Ministry of Manpower said on Friday (Oct 31). The overall seasonally-adjusted unemployment rates held steady over the quarter in September – from 2 per cent in the second quarter to 1.9 per cent. Chosen … Continue reading
Latin America – Employment growth is likely to remain subdued for some time
Employment growth is likely to remain subdued for some time, as changes in labor markets typically lag those in the overall economy, and output growth is not expected to revert to the high rates of the “golden decade” anytime soon. In this context, unemployment rates will probably rise somewhat and real wage growth may well … Continue reading
Canada – The job market is experiencing more weakness than is implied by headline unemployment rate
A senior economist at the Toronto Dominion Bank has gone a step farther. Randall Bartlett has created an index that takes into account all of the unpublished or under-reported data that StatsCan, the Bank of Canada and the U.S. Federal Reserve collect to measure the health of the job market. He calls his yardstick the … Continue reading
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