Job Market Monitor
Unemployment
Australia / Unemployment Rate up at 5.8% near post-crisis high
Australia’s jobless rate rose to 5.8% in November, edging closer to a post-financial crisis high and posing a challenge for the country’s conservative government. Unemployment surged to the top of the political agenda Wednesday as General Motors Co. GM -0.10% said it would cease all production in Australia from 2017, resulting in more than 2,900 … Continue reading
Latvia / Unemployment increases to 9.3 percent
Unemployment in Latvia during November increased to 9.3 percent, the State Employment Agency reports. The new figures show an increase of 0.2 percent when compared to October, where the registered unemployment rate was 9.1 percent. The highest unemployment rate was recorded in the Latgale Province at 18.7 percent, whilst the lowest unemployment rate was registered … Continue reading
Korea / Unemployment rate falls to 2.9%
South Korea’s unemployment rate fell slightly to 2.9 percent in November, as healthcare and other service industries added more jobs, official data showed Wednesday. The seasonally adjusted jobless rate compared to 3.0 percent posted in October and 3.0 percent in the same period a year earlier, the state-run Statistics Korea said. Unadjusted, the figure stood … Continue reading
The Fed and the Unemployment Rate / Fisher says he’s opposed to cutting the 6,5% threshold
The Federal Reserve should not keep changing the goalposts for raising interest rates, a top Fed official said, just a week before the U.S. central bank convenes a policy-setting meeting where that possibility is likely to be discussed. Dallas Fed President Richard Fisher told an agricultural group in Chicago that the Fed’s current threshold for … Continue reading
US / For a Job Guarantee program (government as an “employer of last resort”)
More than five years after the fall of Lehman Brothers we are still dealing with the problem of high unemployment, the worst kind of “waste” in economic theory. Is there a better approach? A number of scholars, notably Professor Randy Wray of the University of Missouri-Kansas City, have long proposed a Job Guarantee program or … Continue reading
Unemployment and Minimum Wages in Europe, 2013 – A Table
Unemployment and Minimum Wages in Europe, 2013 via Stephen Hicks, Ph.D. » Table: Unemployment and Minimum Wages in Europe, 2013.
France / Unemployment Rate hits 16-year high
Unemployment rate in France rose to its highest level in nearly sixteen years in the third quarter, the latest figures from the statistical office Insee revealed Thursday Continue reading
Canada Job Report / Employment up by 22,000, UR at 6.9% for the third month in a row
Employment continued on a slight upward trend for the third consecutive month, edging up 22,000 in November. The unemployment rate held steady at 6.9% for the third month in a row. So far this year, employment growth has averaged 13,400 per month, compared with an average of 25,400 over the same period in 2012. Chart 1 Employment Provincially, employment rose in Alberta and declined in … Continue reading
US Job Report / Total nonfarm payroll employment rose by 203,000 and UR down at 7.0%
Those are good news. But the employment-population ratio is lower than in was a year ago. This performance must be repeated for several months Continue reading
Canada / The truth about job creation and unemployment
While Canada’s record in raw job creation is not bad (in our calculations, 2nd in the G-7 and 10th in the OECD), job creation alone is a misleading measure of the overall health of Canada’s job market Continue reading
Spain / The number of registered unemployed fell slightly
The number of Spaniards registered as unemployed fell slightly in November after rising in the previous month, with 4.8 million people out of work in the newly expanding economy Continue reading
Unemployment in Europe / 26.654 million men and women in the EU-28, 19.298 million in the euro area (EA-17)
ompared with September 2013, the number of persons unemployed decreased by 75 000 in the EU-28 and by 61 000 in the euro area. Compared with October 2012, unemployment rose by 512 000 in the EU-28 and by 615 000 in the euro area Continue reading
France / Hollande on unemployment deadline: ‘We will have to work on it ‘
French President Francois Hollande wavered on Thursday over his politically sensitive pledge to bring unemployment down by the end of the year, saying it would take as long as necessary. The unpopular Socialist leader has staked his credibility on turning around the euro zone’s second-biggest economy and lowering the jobless rate, which now stands at … Continue reading
Germany / Unemployment edges up to 2.5 year high
Germany’s unemployment rate climbed in November for the fourth consecutive month, hitting its highest level since April 2011. Data from Germany’s Federal Labour Agency showed that, on a seasonally adjusted basis, 10,000 more people were out of work in November than in October. Federal Labour Agency Chairman Frank J. Way said that the key reason … Continue reading
Canada / The education and employment experiences of First Nations People living off reserve, Inuit, and Métis
The 2012 Aboriginal Peoples Survey (APS) examined a diverse range of education experiences among First Nations people living off reserve, Inuit and Métis. Continue reading
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