Job Market Monitor
Unemployment
Canada – The job recovery is overstated says a Bank of Canada’s study
The Bank of Canada says the country’s job-creation record since the recession is likely a little less impressive than the fall in the unemployment rate would suggest. The central bank says in a new research paper that the unemployment rate, although the most quoted measure of labour market health, has overestimated the jobs recovery in … Continue reading
Canada – Employment decreased by 29,000 in April
Employment decreased by 29,000 in April, and the unemployment rate was unchanged at 6.9% as the number of people participating in the labour market edged down. There has been little overall employment growth in Canada since August 2013. On a year-over-year basis, the number of people working rose by 0.8% or 149,000, evenly split between part-time and full-time work. Chart 1 Employment … Continue reading
New Immigrants in France – Fare badly in the first few years, but improvement over time finds research
This report assesses the labor market outcomes of new immigrants to France, based on French Labor Force survey data. The report is part of a series of six case studies on labor market outcomes among immigrants to European Union countries. The report reveals that immigrants who arrived from 2000 onwards fared badly in the first … Continue reading
Australia – Unemployment steady at 5.8 per cent and full-time jobs added
Australia’s unemployment rate has held steady at 5.8 per cent, with the estimated addition of 14,200 jobs. The result defied economist expectations of a small tick up in unemployment to 5.9 per cent, with most having expected a payback after a large decline in the jobless rate last month. However, the Bureau of Statistics figures … Continue reading
Greece – Unemployment down for fifth straight month (to 26.5 percent)
Greece’s jobless rate improved in February to its lowest rate in more than a year, data showed on Thursday, in another sign the Greek economy is emerging from a crippling six-year slump. Unemployment dropped for a fifth consecutive month, to 26.5 percent from a downwardly revised 26.6 percent the month before, the Greek statistics service … Continue reading
Yellen’s Testimony – Conditions in the labor market are still far from satisfactory
Conditions in the labor market have continued to improve. The unemployment rate was 6.3 percent in April, about 1-1/4 percentage points below where it was a year ago. Moreover, gains in payroll employment averaged nearly 200,000 jobs per month over the past year. During the economic recovery so far, payroll employment has increased by about … Continue reading
US – Unemployment dynamics and the duration of unemployment
Suppose you divided workers into two groups, which we designate as type H and type L, and conjectured that the number of newly unemployed workers each month represents a mixture of the two types and further that there are differences in the probabilities that each of the two types will be successful in finding jobs. … Continue reading
5 Challenges Facing the Indian Job Market
(Guest post by Sarah Brooks*) – The world is watching as the General Election unfolds in India, with many hoping that a possible election of Narendra Modi as Prime Minister will give the Indian economy the jolt it so desperately needs. The new leader will definitely have his work cut out for him, as India … Continue reading
US in April – Total nonfarm payroll employment rose by 288,000 and UR down at 6.3 percent
Total nonfarm payroll employment rose by 288,000, and the unemployment rate fell by 0.4 percentage point to 6.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Employment gains were widespread, led by job growth in professional and business services, retail trade, food services and drinking places, and construction. Household Survey Data In … Continue reading
US – The state of the labor market in figures
In advance of the monthly employment report from BLS, the Center for American Progress today released an analysis of the current state of the U.S. labor market. The analysis takes an in-depth look at data beyond the unemployment rate, and finds that the rest of the statistics we have on the labor market paint a … Continue reading
EU28 in March 2014 Unemployment rate was 10.5%, 11.8% for the euro area
The euro area (EA18) seasonally-adjusted unemployment rate was 11.8% in March 2014, stable since December 2013, but down from 12.0% in March 2013. The EU28 unemployment rate was 10.5% in March 2014, stable compared with February 2014, but down from 10.9% in March 2013. These figures are published by Eurostat, the statistical office of the … Continue reading
Germany in April – Unemployment falls for a fifth consecutive month
German unemployment fell for a fifth consecutive month in April, Labor Office data showed on Wednesday, underlining the resilience of the job market in Europe’s largest economy and boding well for domestic demand. The number of people out of work decreased by 25,000 in seasonally adjusted terms to 2.872 million. That compared with a Reuters … Continue reading
Unemployed in Canada ? Get a job fast says Macleans
Despite many economic indicators improving since the start of the recession, Canada has a significant long-term unemployment problem that is not improving. Statistics Canada’s Table 282-0047 contains detailed monthly data on the number of Canadian unemployed for a specific period of time. While there have been improvements in some labour market indicators, the number of people who … Continue reading
Taiwan – March unemployment down at 4.03%
Taiwan had 463,000 jobless citizens in March 2014, equivalent to an unemployment rate of 4.03%, which dropped 0.06ppt sequentially and 0.14ppt on year, according to the Directorate-General of Budget, Accounting and Statistics (DGBAS). Chosen excerpts by Job Market Monitor. Read the whole story at Taiwan March unemployment down, says DGBAS.
Doctoral Scientists and Engineers in US – Unemployment has increased
In 2010, an estimated 805,500 individuals in the United States held research doctoral degrees in science, engineering, and health (SEH) fields, an increase of 6.2% from 2008. Of these individuals, 709,700 were in the labor force, which includes those employed full time or part time and those actively seeking work (i.e., unemployed). The unemployment rate … Continue reading
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