Job Market Monitor
Unemployment
After the Arab Spring / Youth unemployment still the most urgent challenge
Across the region, economic growth has fallen since 2011. In Egypt, Syria and Tunisia, and to a lesser extent, Lebanon, it happened mainly as a result of political instability. Since young people occupied Tahrir Square in Cairo, Egypt’s economy, the region’s largest, has shrunk by 7% and exports have fallen by around 40%, while the … Continue reading
UK / Almost half of graduates work in non-graduate jobs, says ONS
Almost half of graduates in the UK are working in non-graduate roles, a report published by the Office of National Statistics (ONS) has found. Continue reading
Unemployment in France / No reversal in sight
Our analysis of the labour market up to 2014, which is set out in the latest OFCE forecasts of October 2013, suggests that no significant improvement in unemployment is expected by the end of 2014 Continue reading
Chronic unemployment shortens lives finds genetics study
The results, reported in the journal PLOS One: “Among 31-year-old men, unemployment exceeding 500 days or two calendar years within the previous three years was associated with shorter leukocyte telomere length,” the researchers report Continue reading
Canada / 6.4 unemployed people for every job vacancy ( 5.2 a year ago)
In August, there were 219,000 job vacancies among Canadian businesses, a decline of 51,000 compared with August 2012. There were 6.4 unemployed people for every job vacancy, up from 5.2 one year earlier. The increase in the ratio of unemployment to job vacancies was all the result of the decline in job vacancies. The national job vacancy rate was 1.5% in August, down from 1.8% 12 months earlier. … Continue reading
Australia / Some work too much while other not enough
Australians are working seven hours a week of unpaid overtime, three hours more than the same study found in 2009. Half of the nation’s workers did not take all of their leave last year Continue reading
Europe / The Jobs Recovery Is Always Two Years Away
Is the jobs recovery around the corner? A few week ago, the European Commission published its latest economic forecast. Unemployment in the Euro area is projected to drop from 12.2% in 2014 to 11.8% in 2015. This is seemingly good news. The bad news is that the Commission also predicted that unemployment would begin to drop in … Continue reading
World Economic Forum / Income Gap and Unemployment to Dominate International Agenda in 2014
An urgent need to address long-simmering economic problems such as widening income gaps and structural unemployment, coupled with growing concerns over the quality of economic policies and tension in the Middle East and North Africa, rank among the Top 10 trends for world leaders in 2014, according to the World Economic Forum’s Outlook on the Global Agenda, which is published today Continue reading
UK / Nestle to create 1,600 jobs for young people
Nestle is hiring almost 2,000 young workers – the BBC hears from one engineer and the firm’s UK boss KitKat maker Nestle has said it will create 1,600 jobs for young people in the UK and Ireland over the next three years. The food giant says it will also create 300 paid work experience placements. … Continue reading
UK / Jobless rate falls to three-year low
The unemployment rate fell to 7.6%, the lowest rate in more than three years. Continue reading
US Recent Veterans / A Struggle With Unemployment
The most recent detailed report on veterans’ employment situation noted that younger vets had higher unemployment rates than their counterparts who had never served in the military. Continue reading
Gulf Arabs states / One-Million Jobs Gap IMF says
One million nationals of oil-rich Gulf Arabs states may be jobless or seeking careers in a bloated public sector by 2018 unless measures are taken to create more private sector jobs, the International Monetary Fund said Continue reading
Australia / Unemployment rate at 5.7 per cent, from from 5.6, as participation rate remains seven-year low
The ABS has revised September’s jobless figure from 5.6 per cent to 5.7 per cent, meaning the jobless rate has held effectively held steady for the past two months Continue reading
(Update) US Job Report / Job creation picks up despite government shutdown
Job creation picks up despite government shutdown. Indeed, furloughed workers are counted on the payroll. But the household survey says something else: a drop of -735,000 in the number of people employed. Furloughed are counted as unemployed in the household survey. Continue reading
Canada / Employment little changed and the unemployment rate remained at 6.9% in October
Editor’s Note: At 6,9%, the unemployment rate is down by -0.5 pp since last year. But this is due to the -0.4 pp drop in the participation rate as the employment-to-population ratio is down by -0.1. This is hardly the picture of a dynamic labour market. Continue reading
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