Job Market Monitor
Unemployment
Europe – Lower skilled workers face increasing difficulties to find a job
Low-skilled workers encounter increasing difficulties to find a job, face lower job stability and are out-competed by medium-skilled workers even in elementary occupations. In contrast, job opportunities are growing in some high-skilled professions. These are the main findings of the European Vacancy and Recruitment Report 2014 published today. The report also highlights the increase in … Continue reading
Zimbabwes – An unemployment crisis
Unemployment in Zimbabwe is on the rise as businesses close or downsize. In Harare alone, 711 companies shut down in 24 months. via Multimedia Video: Zimbabwes unemployment crisis – Mail & Guardian.
Unemployed vs Employed in US – How much time they spend doing everything
That deep divide between those with jobs and those without them reveals itself not just in well-known statistics on hiring and income but in the day-to-day details of how people live their lives. The unemployed have higher rates of depression, obesity and suicide. In interviews, they frequently report that the social and emotional impacts of … Continue reading
Millennials in US – They struggle to find good jobs
According to a new survey by Business Insider and News To Live By, a Gen Y career advice destination, millennials continue to struggle to secure good-paying full-time jobs in line with their education levels. The survey of 548 millennials in the U.S., conducted by Survey Monkey in May, finds that 16% of millennials remained unemployed … Continue reading
Canada – 6.8 unemployed people for every job vacancy in March
Canadian businesses reported 206,000 job vacancies in March, down 17,000 compared with 12 months earlier. For every job vacancy, there were 6.8 unemployed people, up from 6.3 in March 2013, the result of fewer job vacancies. Unemployment-to-job vacancies ratio increases in Quebec and Saskatchewan In Quebec, there were 10.1 unemployed people for every job vacancy, up from 7.5 in March 2013, as there were fewer job vacancies in the province. Chosen … Continue reading
The Beveridge Curve in US – A worsening
Real Time Economics has been tracking the progression of the Beveridge Curve, named after the economist William Henry Beveridge, that tracks the relationship between the job openings rate and the unemployment rate. With so many jobs available, more people ought to be finding their way to work. An openings rate above 3% has historically meant … Continue reading
Greece – Q1 unemployment stable at 27.8 pct
Greeces jobless rate remained unchanged at 27.8 percent in the first three months of the year compared to the previous quarter, data from the countrys statistics service showed on Thursday. About 71 percent of Greeces 1.34 million jobless are long-term unemployed, meaning they have been out of work for at least 12 months, the … Continue reading
African Americans high unemployment rate – They don’t give up
The so-called recovery of the US economy has not been equally kind to everyone. Even as the unemployment rate has remained steady at 6.3% last month, the unemployment rate for African Americans, coming in at 11.5%, is currently more than twice as high as that for white Americans. Last month, the difference was even larger … Continue reading
Australia – Unemployment steady at 5.8%
Australia’s strong economic performance since the start of the year has failed to increase the number of people in work. The number of people in the workforce fell by 4,800 in May, figures released on Thursday showed, when economists were expecting an increase of 10,000. Although the number of full-time workers rose 22,200, it was … Continue reading
UK – Number of employed rose by a record 345,000, to 30.5 million, most of which are in full-time employment
Comparing February to April 2014 with November 2013 to January 2014, there was a large increase in employment and a large fall in unemployment. There was a further fall in the number of economically inactive people aged from 16 to 64. These changes continue the general direction of movement over the past two years.There were … Continue reading
Foreign-born Workers in US – Unemployment rate at 6.9 percent in 2013, down from 8.1 percent
The unemployment rate for the foreign born in the United States was 6.9 percent in 2013, down from 8.1 percent in 2012, the U.S. Bureau of Labor Statistics reportedtoday. The jobless rate for the native born fell to 7.5 percent in 2013, also downfrom 8.1 percent in the prior year. Data on nativity are collected … Continue reading
Unemployed in US – Risk of depression is nearly twice as high
Unemployment takes a significant toll on the mental health of workers, especially those who have been out of their jobs for at least 27 weeks — what the Bureau of Labor Statistics considers the “long-term unemployed. ”The longer a person has been out of work, the greater the chances that he or she will develop … Continue reading
Finland – Older Workers facing a growing risk of unemployment as they age
A fresh batch of data from Statistics Finland shows seniors facing a growing risk of unemployment as they age. A Tampere University researcher says the reason for the trend could be the constantly rising lower age limit for pre-retirement unemployment benefits. Employment data show that the age at which over-50 year olds face the risk … Continue reading
Greece – Only 8% of 1.27million jobless gets unemployment allowance
The majority of Greece’s 1,274,843 jobless receive no unemployment allowance. According Employment Agency OAED , only 102,026 jobless received the allowance in April 2014. That is less than one out of ten of the country’s at least 1,274,843 men and women without job. Although employees pay their social security contributions month-in month out during their … Continue reading
May Canada Job Report 2014 – Employment up by 26,000 but UR increased to 7.0%
Employment edged up by 26,000 in May, driven by gains in part-time work. The unemployment rate increased 0.1 percentage points to 7.0% as there were more people in the labour market. Overall employment growth has been subdued since August 2013. In the 12 months to May, employment increased by 86,000 or 0.5%, with all the growth in part time. Over the same period, the number of … Continue reading
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