Job Market Monitor
Unemployment
Canada / The job recovery isn’t producing enough to adequately absorb the natural expansion in labour force
U.S. Federal Reserve chairman Ben Bernanke often emphasizes that it is not good enough to have a growing economy; what is needed is sufficient growth to absorb the expanding labour force that naturally accompanies a growing population. Canada’s labour market is in better shape than America’s, but Mr. Bernanke’s point applies equally here, especially since … Continue reading
Europe / 5.499 million young persons (under 25) unemployed in the EU28
In August 2013, the youth unemployment rate was 23.3% in the EU28 and 23.7% in the euro area, compared with 23.1% and 23.4% respectively in August 2012. In August 2013, the lowest rates were observed in Germany (7.7%) and Austria (8.6%), and the highest in Greece (61.5% in June 2013), Spain (56.0%) and Croatia (52.0% in the second quarter of 2013). Continue reading
Europe / A Scorecard to Help Tackle Unemployment Crisis
The European Union on Wednesday proposed a scorecard to help national authorities remedy emerging social problems and a lack of jobs—part of a push led by Germany to dispel accusations the bloc has done little to defuse the region’s festering unemployment crisis Continue reading
Greece / Unemployment at 34% by 2016 according to a study by GSEE’s Employment Institute
According to a study by GSEE’s Employment Institute, the rate of unemployment in Greece will climb to 34% by 2016 Continue reading
Canada / Youth gather to talk unemployment
“Who here has worked two or more jobs at the same time?” asked Roxanne Dubois. Almost every single person raised his or her hand. Continue reading
India / Just 20% of the class of 2013 have got jobs
The following set of numbers shows the young have read the grim job market right. Andhra Pradesh has over 700 engineering colleges and 3.5 lakh seats – the highest in any Indian state. But just 2 lakh seats were filled up this year. Why? Because just 20% of the class of 2013 have got jobs. … Continue reading
US / Adjusting to the ‘New Normal’ of Long-term High Unemployment
The problem now is that more than half the unemployed have been jobless for six months or longer Continue reading
Young and Jobless in Ontario / A report by Canadian Centre for Policy Alternatives
Five years after the global economic meltdown, youth employment levels remain significantly depressed, tracking much lower than the national average. Continue reading
Arab World / Job seeker numbers soar to 95 million by 2030 from the current 55 million
The number of job seekers in the Arab world is projected to soar to 95 million by 2030 from the current 55 million, said a report Continue reading
The Great Recession / Suicides spiked a study finds
The Great Recession resulted in 5,000 additional suicides worldwide in 2009, according to a recent study — the first to look at suicide trends globally in the wake of the crisis Continue reading
US Job Market / “Jobless Recoveries” are likely in the future finds Brookings (Video)
In each of the three most recent U.S. recessions, the unemployment rate has stayed high for longer and longer durations, increasingly resembling the experience of many West European countries in the 1980s Continue reading
Behind the German jobs miracle, the Jobs Centers (Bundesagentur für Arbeit, or BA) with the motto “Challenge and encourage”
“Challenge and encourage” is the motto under which job seekers—including welfare recipients, who had previously been invisible in unemployment statistics—will be mobilized, using all of the measures at the government’s disposal Continue reading
Canada / In June, for every job vacancy, there were 6.3 unemployed people, up from 5.2 a year earlier
Canadian businesses reported 216,000 job vacancies in June, down 47,000 from June 2012. For every job vacancy, there were 6.3 unemployed people, up from 5.2 a year earlier. The increase in the unemployment-to-job vacancies ratio was the result of fewer job vacancies, as the number of unemployed people was little changed. Ratio increases in Ontario, Saskatchewan and Alberta. Chart 1 Unemployment-to-job vacancies ratio, all unemployed, by … Continue reading
UK / Cabinet secretary to lead review of youth job program
The review is an implicit admission that the Youth Contract, launched in 2011 with great fanfare by Mr Clegg, deputy prime minister, has not worked Continue reading
Philippines’ Job Market / Tri-partite coalition needed says World Bank
Citing the country’s stellar economic growth and political stability, the World Bank said implementing reforms needed to address lack of jobs in the country is now Continue reading
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