Job Market Monitor
Unemployment
U.S. Metros / Mapping persistent unemployment
The map below, from the report, shows the geographic variations of the great metro reset. It charts the time frame for return to peak employment in metro areas across the U.S. Chosen excerpts by Job Market Monitor. Read the whole story at Mapping the U.S. Metros Where High Unemployment Could Persist for Years – Richard Florida – … Continue reading
Germany / Unemployment falls to one-year low
Germany’s unemployment eased sharply in January to the lowest level in nearly a year, helped by the improving economic outlook and in part by favorable weather conditions, underpinning hopes that the recovery will gather pace in the first quarter on the back of strong private consumption. Data released by the Labor Ministry on Thursday showed … Continue reading
Airbnb / Thx to unemployment
The popular hotel-alternative Airbnb lets users snag homey accommodations when they’re traveling or rent their apartments to out-of-towners. Turns out, a huge percentage of those renters are offering up their living spaces due to unemployment,according to The Wall Street Journal. Chosen excerpts by Job Market Monitor. Read the whole story at Airbnb New Services Food And Cleaning … Continue reading
Europe / 31.2 million people of all ages are either looking for jobs, willing to do so
Euro-area data this week will probably show the region ended 2013 with a record jobless rate that reveals only part of the social legacy of the debt crisis. While economists predict unemployment in December stayed at an all-time high of 12.1 percent, with about 19 million jobless, that tally excludes legions of adults who would … Continue reading
US Veterans / 100,000 Jobs Mission reaches goal seven years early
The 100,000 Jobs Mission announced today that its coalition members hired a total of 117,439 U.S. military veterans by the end of 2013 — surpassing the coalition’s original goal seven years early. “Reaching this important milestone is great news for veterans and employers alike,” said Maureen Casey, Director of Military and Veterans Affairs at JPMorgan … Continue reading
UK Monetary Policy / Is the target unemployment rate a trigger or a threshold ?
U.K. Prime Minister David Cameron defended Mark Carney after the Bank of England governor said that policy makers will review forward guidance next month. Carney, who said last year that unemployment would need to fall to 7 percent before the BOE would consider raising interest rates, has seen the jobless rate drop faster than forecast. … Continue reading
UK / Unemployment rate falls to 7.1%
The unemployment rate in the UK has fallen sharply to 7.1 per cent of the workforce, taking it close to the target under the Bank of England’s much-criticised forward guidance policy Continue reading
Canada / 5.7 unemployed people for every job vacancy, up from 5.1 one year earlier
In October, there were 231,000 job vacancies among Canadian businesses, a decline of 37,000 compared with October 2012. There were 5.7 unemployed people for every job vacancy, up from 5.1 one year earlier, as the decline in vacancies was at a faster pace than the decline in the number of unemployed people. The national job vacancy rate was 1.6% in October, down from 1.8% 12 months earlier. Chosen … Continue reading
US / Why African-American unemployment is double that of Whites
“The black unemployment rate is typically twice that of the white unemployment rate — in good times and even in bad times,” says William Rodgers, chief economist at the Heldrich Center for Workforce Development at Rutgers University Continue reading
Youth Unemployment / The hardest hit by the global crisis says ILO
The world could face years of jobless economic recovery, with young people set to be hit hardest as global unemployment continues to rise this year, a report from the International Labour Organisation warns. As the World Economic Forum kicks off in the Swiss town of Davos on Wednesday with a focus on growing inequality, the … Continue reading
Australia / Full-time employment fell by 22,600 in December but UR stayed at 5.8%
Australia’s unemployment picture worsened, exacerbating the central bank’s dilemma over whether to give the economy a boost by further cutting interest rates, or to back off to avoid fanning inflation and prevent a surging property market from overheating. The number of people in full-time work fell by 22,600 in December, government data showed Thursday, capping … Continue reading
Canada / Economists on the Job Report
Here’s what top economists are saying about the numbers: Derek Holt and Don Zigler, Scotiabank (Report titled ‘CDN JOBS SHOCKER) What a way to end a year and it reinforces our argument since last Fall that there should be a higher probability of a rate cut from the BoC priced into the curve alongside sharply … Continue reading
Brazil / Teen pregnancy and unemployment
A report released in October by the Organization for Economic Co-operation and Development highlighted that Brazilian youths, aged between 15 and 24 years, are more likely to be unemployed than the population average Continue reading
US Monetary Policy / On unemployment vs the fear of inflation
The Fed’s reliance on the unemployment rate for determining when to pull back on bond purchases may prove troublesome. That’s because statistics on the supply of labor are notoriously tricky to evaluate, particularly when it comes to gaging their relationship to inflation Continue reading
Italy / Unemployment at 37-year high, youth unemployment at 42 percent
Italy’s unemployment rate rose to a record high of 12.7 percent last November, revealed the National Institute of Statistics (ISTAT) on Wednesday, with some 55,000 people losing their jobs during the month. Continue reading
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