Job Market Monitor
Unemployment
Economics 101 / Unemployment stats aren’t working
The unemployment rate is the result of millions of individual stories of finding and losing jobs Continue reading
Canada’s Job Market / A virtual hotbed of contradictions
On the one hand, employers and their associations claim there is a labour shortage. Yet 1.3 million workers are officially unemployed Continue reading
UK / Jobless claims drop by most since 1997, youth unemployment rate at 21%
U.K. jobless claims fell the most in 16 years last month as a wider measure of unemployment remained at 7.7 percent amid signs that the labor market is improving. Claims for unemployment benefit fell 41,700, the most since June 1997, the Office for National Statistics said in London today. The decline exceeded the 25,000 median … Continue reading
Economics 101 / Types of Unemployment by St. Louis Fed
When we talk about unemployed resources, we usually do so with respect to labor (e.g., “Uncle Billy lost his job and he is now unemployed”). The blue line on the chart illustrates the proportion of the labor force not being used to produce goods and services—that is, the unemployment rate. Let’s discuss the three types … Continue reading
Sweden / Unemployment rises again
Over 400,000 people remain out of work according to the latest unemployment figures released by the Swedish employment agency with Trollhättan on the west coast worst affected with a 15.7 rate compared to 8.5% nationally Continue reading
US / In 2012 only 15 percent of black male teens and 49 percent of those 20 to 24 were working
These young men represent a tremendous pool of potential talent that deserves the opportunity to rise to greater heights in the labor market and overcome the barriers that constrained the progress of past generations. Continue reading
US / Unemployment Extended Benefits Ending
The only benefits unemployed workers will be eligible for is up to 26 weeks of state unemployment. Continue reading
Brazil / Labor Market Begins To Cool
Higher wages and high demand for both skilled and non-skilled workers has kept unemployment at record lows of around 5.5%, but that trend may be drawing to a close Continue reading
Nigeria / Unemployment worsened after President Goodluck Jonathan assumed office
According to the report released by the National Planning Commission Continue reading
Greece / Unemployment jumps despite budget surplus
Indeed, unemployment in Greece has hit a new record high Continue reading
Canada / Unemployment rate declined to 6.9% as fewer youths searched for work
Employment was up 1.2% (+212,000) compared with 12 months earlier Continue reading
Fed Nomination / Obama Praises Yellen
President Obama on Wednesday announced what he called perhaps his most important economic decision, nominating Janet L. Yellen to lead the Federal Reserve system and be his independent co-steward of the economy, calling her “one of the nation’s foremost economists and policy makers.” Ms. Yellen, 67, would be elevated from the Fed’s vice chairwoman to … Continue reading
US / The End of the ‘Layoff’ as we knew it
The word layoff became a key part of the national economic vocabulary in the late 1970s and early 1980s, as factories shut down and workers were essentially told not to come in. It’s still used frequently in the business press, but now when you read “layoff” it’s most frequently a euphemism for workforce-cut. When Blackberry … Continue reading
US / The long-term unemployment crisis in one chart
Short-term unemployment is actually lower than it was in 2007. Indeed, the percentage of the labor force that had been unemployed for five weeks or less didn’t grow all that much during the economic meltdown. Continue reading
Netherlands / There is little difference between the cyclical sensitivity of immigrant unemployment
In absolute terms, the Great Recession affected the unemployment rate of non-Western immigrants more than that of native workers in the Netherlands. However, this merely reflects their generally weak labour-market position – job-finding rates are much lower for non-Western immigrants than they are for natives. There is little difference between the cyclical sensitivity of these … Continue reading
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