Job Market Monitor
Unemployment
Unemployment Rate in OECD – Stable at 7.6% in January 2014
The OECD unemployment rate was stable at 7.6% in January 2014. Across the OECD area, 46.2 million persons were unemployed, 3.8 million less than the peak in April 2010, but 11.5 million more than in July 2008. via Employment – OECD. Related articles Eurozone jobless rate Gap widening says OECD average European Union – 5.556 … Continue reading
Belarus – The Unemployment rate at 0.5%
As of 1 March 2014 Belarus’ unemployment rate stood at 0.5% of the workforce. The figure was at 0.6% a year ago, BelTA learned from Oleg Tokun, head of the employment policy department of the Labor and Social Security Ministry. In February 2014 the jobless rate stood intact in all the country’s regions. As … Continue reading
Australia – Unemployment rate holds steady and almost 50,000 new jobs
AUSTRALIA’S jobs market roared back to life in February, generating almost 50,000 new jobs, more than enough to offset announced high-profile losses at Qantas, Alcoa, Holden and Toyota. An increase in the number of people looking for work helped keep the national unemployment rate unchanged at 6 per cent for the second month in a … Continue reading
Canada – A lost of 7 000 jobs last month and little overall employment growth in Canada since August 2013
Employment was little changed in February, and the unemployment rate remained at 7.0%. There has been little overall employment growth in Canada since August 2013. (JMM Editor: Indeed, a lost of 7 000 jobs last month) Compared with 12 months earlier, employment increased by 95,000 (+0.5%) and the unemployment rate was unchanged. Over the same period, the number of hours worked rose 0.7%. … Continue reading
UK – Mental health worsens as benefit cuts, unemployment and poor housing affect communities finds survey
A survey of mental health social workers and professionals from a leading mental health charity has revealed a growing crisis in mental wellbeing as communities struggle with a combination of hardships including benefit changes, unemployment and poor housing. The survey, undertaken jointly between the mental health charity Mind and The College of Social Work reveals … Continue reading
Canada – The economy has not created enough jobs says the Canadian Labour Congress
The Canadian Labour Congress (CLC) argues that while Statistics Canada’s approach may be accurate it is not detailed enough to convey the true landscape of the labour market. “The economy has not created enough jobs, and those that have been created are disproportionately precarious … more Canadians are unemployed, marginally attached, or simply not engaging … Continue reading
European Union – 5.556 million young persons (under 25) were unemployed in January
The euro area (EA18) seasonally-adjusted unemployment rate was 12.0% in January 2014, stable since October 20134. It was also 12.0% in January 2013. The EU28 unemployment rate was 10.8% in January 2014, stable since October 20134. It was 11.0% in January 2013. These figures are published by Eurostat, the statistical office of the European Union. … Continue reading
España / Mapa de Tasa de Paro
Provincial – Tasa de Paro.
US Job Market / A slow recovery reflecting slow growth in demand says CBO
The deep recession that began in December 2007, when the economy began to contract, and ended in June 2009, when the economy began to expand again, has had a lasting effect on the labor market. More than four and a half years after the end of the recession, employment has risen sluggishly—much more slowly than … Continue reading
Germany / Unemployment rate down at 5%
Germany’s unemployment rate declined in January, figures published by the Federal Statistical Office revealed Thursday. The seasonally adjusted ILO unemployment rate dropped to 5 percent in January from 5.1 percent in December. In January last year, the jobless rate was 5.4 percent. The number of unemployed persons in Europe’s largest economy decreased to around 2.14 … Continue reading
The FED / Inflation wins over Unemployment
Ryan Avent, having exhausted his conventional analysis of the Fed’s 2008 transcripts, turns today to a more analytical approach: counting words. I think others have already made this point without numbers, but Avent’s most powerful finding is that the Fed cares way more about inflation than it does about unemployment: There is only one winner … Continue reading
Unemployed Fathers in UK / Go to work or risk damaging your child’s self-esteem
Children risk being ‘damaged’ if their fathers are unemployed as they lose a role model, a Government report has claimed. In a report to health professionals, officials have warned that children lose a role model when their fathers are unemployed, and it affects their happiness and well-being. The Department of Health report found that children … Continue reading
EU labour market / A growing North-South divide
Vacancy trends in the European labour market indicate a widening gap in job opportunities between Northern and Southern countries. The latest issue of the European Vacancy Monitor (EVM) reveals a shortage of labour supply in countries such as Austria, Denmark Sweden, Estonia and Latvia, while competition for jobs is increasing in countries such as Greece, … Continue reading
Turkish Cyprus / 90% of 18-30 year olds are grads but there is no jobs for them
While the world talks about the resumption of the Cyprus peace talks, which were restarted last week after a two-year pause, it seems that the dire economic situation in the Greek Cypriot-controlled south have been all but forgotten. At the same time, Turkish Cypriots in the Turkish Republic of Northern Cyprus (TRNC) also face the … Continue reading
Philippine / Unemployment rate in 2013 had worsened to 27.5 percent
It is saddening that despite the rapid economic expansion for the past two years, millions of Filipinos remain unemployed. This is what economists refer to as “jobless growth,” a phenomenon that afflicts many developing countries, debunking the myth that economic growth automatically translates to employment and poverty reduction. Halfway into his six-year term, President Aquino … Continue reading
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