Job Market Monitor
Unemployment
World Bank on Europe and Central Asia / Creating More and Better Jobs
The World Bank recommends actions for creating more jobs and making them more accessible HIGHLIGHTS A new regional report examines the role of policy reforms, firms, skills, incentives and barriers to work in Europe and Central Asia, and ways to create more and better jobs. Report suggests that countries must regain their momentum for economic … Continue reading
Portugal / The crisis has destroyed one in seven jobs says ILO
Portugal’s economic crisis has destroyed one in seven jobs, with most of them lost since its 2011 emergency bailout programme kicked in, says the International Labour Organization Continue reading
US Monetary Policy / Fed’s Bullard sees substantial progress in labor markets
There’s been “substantial progress” in the U.S. labor market, St. Louis Fed President James Bullard told CNBC on Monday. But inflation is low, he added—saying, “What’s the hurry” to taper the Federal Reserve’s massive bond-buying program. “The unemployment rate is down almost a full point from when we start this program in September 2012. We’ve … Continue reading
Europe / Euro area unemployment rate at 12.2%, 24.1% for youth
The number of people out of work in the euro zone rose slightly in September, according to official data published on Thursday, showing that signs of renewed economic growth have not yet filtered through to the labor market. (via Jobless Rate in Euro Zone Stays at Record – NYTimes.com.) The Official Release The euro area (EA17) … Continue reading
Unemployment in Europe / Worsening labour market matching and growing structural unemployment in a number of countries writes EC
There is evidence of worsening labour market matching and growing structural unemployment of persistent nature in a number of countries, notably those mostly affected by current account reversals and debt crises. Upward changes in structural unemployment rates appear to be mostly driven by persistently lower job finding rates ensuing from worsened labour market matching across skills and sectors, and an increased duration of unemployment spells the Commission concludes. Continue reading
Germany / Unemployment at one-year low but …
In 2013, unemployment in Germany was never lower than in the month of October, and more Germans than ever in the past 23 years had a job. But latest figures also show that the German jobs boom is faltering. In October, some 2.8 million Germans were officially registered as unemployed – about 47,760 less than … Continue reading
US Skills Gap / The Labor Market Polarization
the decline in the share of workers in middle-skill jobs is due both to a decline in inflows into these jobs and because of a rise in outflows from these jobs research finds Continue reading
Gender Gap / Women more likely to be victims of crime when unemployed, but not men research finds
High women unemployment means a higher likelihood of higher crime rates. But not men unemployment Continue reading
Canada / Number of people receiving regular Employment Insurance (EI) benefits up 1.5% (+7,800)
In August, 511,900 people received regular Employment Insurance (EI) benefits, up 1.5% (+7,800) from July. Compared with August 2012, the number of beneficiaries fell by 7.8%. The majority of provinces saw increases in the number of beneficiaries in August compared with July, most notably Alberta, British Columbia, Nova Scotia and Quebec. Chosen excerpts by Job Market Monitor. Read the whole story … Continue reading
US / 2.9 job seekers for every job opening, first time in nearly five years the ratio fell below 3.0
In a labor market with strong job opportunities, the ratio would be close to 1-to-1, as it was in December 2000 (when it was 1.1-to-1) Continue reading
France / Jobless claims surge to record high
French jobless claims rose in September by the highest margin since the depths of the financial crisis in early 2009, hitting a new record and dealing a blow to President Francois Hollande\’s pledge to quickly reverse rising unemployment. However, the Labour Ministry attributed the rise largely to the inclusion of some unemployed people omitted from … Continue reading
Europe / Unemployment is by far the main problem pool finds
Europeans believe that unemployment is by far the main problem that their country is facing. Continue reading
Youth in US / Saying ‘no’ to the worforce
A job used to be the next step after a diploma. But now, young people aren’t in any rush to start working Continue reading
Poland / A country of cheap labour ?
That was the perception of a majority of CEOs of multinational corporations who were asked in a recent survey Continue reading
US / Total nonfarm payroll employment rose by only 148,000, before government shutdown
The BLS notes that ‘Over the year, the labor force participation rate has declined by 0.4 percentage point, while the employment-population ratio has changed little’. Those are not good news. Continue reading
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