Job Market Monitor
Unemployment
Losing Job in US – Would Quickly Lead to Hardship finds Gallup
Many working Americans would experience financial peril if they lost their current job, putting pressure on them to find a new job quickly. A substantial minority of U.S. workers say they could go just one week (14%) or one month (29%) before experiencing significant financial hardship if they lost their job. Gallup’s annual Economy and … Continue reading
Unemployment and the risk of falling into a substance abuse problem
The stress, fear, depression and overabundance of free time that occurs from being unemployed has been known to increase a person’s risk of falling into a substance abuse problem. This video shows just how much unemployment and drugs are intertwined. We broke the numbers down by age groups, employment status, ethnicity, and by year from … Continue reading
US – Looking beyond the Unemployment rate
Looking for an alternative to the Unemployment rate ? Try the employment:population ratio. One alternative is to ignore the question of who is actively looking for work and focus, instead, on who is working. Specifically, check to see how many people there are in our state and then find out how many of them have … Continue reading
Yellen – Job gap means rates stay low
“The larger the shortfall of employment or inflation from their respective objectives, and the slower the projected progress toward those objectives, the longer the current target range for the federal funds rate is likely to be maintained,” Yellen said today to the Economic Club of New York. The gap, in both cases, is large, with … Continue reading
Long-Term unemployed – A sharp drop-off in the number of interview requests for those whose nonemployment spell topped six months finds research
Three recent audit studies on nonemployment discrimination report results consistent with the long-term jobless having significantly lower chances of being invited to job interviews. Given the design of previous studies unfavorable treatment can be due to a marginal preference among employers for hiring applicants with shorter spells or to stronger negative beliefs about the long-term … Continue reading
US Labor Market in Crisis – Two Charts
he enormous number of people who work only part-time for economic reasons is one the tragedies of the unemployment crisis in this country. It didn’t even start with the financial crisis. Before the 2001 recession, there were a little above 3 million of them. By September 2003, as the economy recovered, there were 4.84 million. … Continue reading
Australia in March – Unemployment Rate fell to 5.8%
The unemployment rate has fallen to a four-month low, in what is being read as a sign of an improving economy. The jobless rate was 5.8% in March, down from 6.1% in February, according to seasonally-adjusted figures from the Australian Bureau of Statistics. The number of people with jobs rose 18,100 in March after a … Continue reading
The first annual “European Jobs and Skills review”
The first annual European Jobs and Skills review takes an in-depth look at trends in employment and unemployment in countries and regions across Europe, tackling the critical issues of underemployment, structural unemployment, productivity and wages, changes in the nature of work, skills supply, labour market gaps and youth unemployment. The world is changing rapidly due … Continue reading
Europe’s Social-Democrats on Jobs – A 10-point plan for change
27 million Europeans are unemployed. The longest recession since the 1930s is slowly giving way to the weakest of recoveries. Inequality is rising, living standards falling. More and more workers are in precarious, insecure jobs. Real wage levels – even in the strongest economies – are lower than a decade ago. Something has gone badly … Continue reading
Youth Unemployment In Europe – A misdiagnosis
The EU underestimated just how big an impact the austerity measures would have on the economies of the member states. Europe’s economy remains relatively closed, which means that countries rely on trade with each other, so when countries all start to tighten fiscal policies at the same time, the impact is multiplied. Not surprisingly the … Continue reading
Unemployed Mothers in US – Staying at home
More mothers in the United States are staying home, but the increase is linked more to unemployment and demographic changes than to choice, a study published Tuesday suggested. In 2012, nearly one in three mothers, or 29 percent, did not work outside the home, up from 23 percent in 1999, said the study from the … Continue reading
Monetary Policy in Sweden – Social Democrats call for employment target
Sweden’s Left Party wants the Riksbank to broaden its target to include employment when it sets interest rates. The party, which supports the opposition Social Democrats leading in most polls ahead of September elections, also advocated for looser budget rules to cut joblessness in the largest Nordic economy. The jobs objective should complement the bank’s … Continue reading
Long-term unemployment – Why does it matters
Evidence is mounting that the long-term unemployed aren’t merely the short-term unemployed with the addition of a little waiting time. They are in a very different situation – and an alarming one at that. Researchers in the US are setting the pace on this topic, because it is in America that a sharp and unique … Continue reading
Korea – Youth unemployment blues
Key economic indicators seem to point toward Korea making a solid recovery. The country’s output has been growing thanks to exports. Its consumer spending has picked up on the back of growing welfare financing by the government. Still, Asia’s fourth-largest economy is finding it hard to create jobs for college graduates, even while they pull … Continue reading
March Job Report in Canada – Employment increased by 43,000 and UR at 6,9%
Employment increased by 43,000 in March, driven by gains among youths. The unemployment rate declined 0.1 percentage points to 6.9%. Overall employment growth in Canada has been subdued since August 2013. Compared with March 2013, the number of people working rose by 190,000. Over this 12-month period, employment and the number of hours worked grew at the same pace, that is 1.1%. Chart 1 Employment In … Continue reading
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