Job Market Monitor
Unemployment
US / Unemployment Gap between rich at widest levels
US – Rates of unemployment for the lowest-income families — those earning less than $20,000 — have topped 21 per cent. Households with income of more than $150,000 a year have an unemployment rate of 3.2 per cent Continue reading
‘Spain’s recovery is a scandal’ says Austrian MEP
“Do you know how many jobs were created in the last month (in Spain)? Thirty-one,” Continue reading
Greece / Unemployment hits new record at 27.9 pc with with 58.8 pc for youth
The unemployment rate rose to 27.9 percent of the workforce in June, with 58.8 percent of young people jobless Continue reading
Germany / Immigrants struggle in job market – Arab immigrants most affected
Foreigners have worse chances on the German job market than Germans, the Cologne Institute for Economic Research has found. Worst affected are immigrants from Arabic countries Continue reading
US / Jobless Claims fall, really?
The number of new U.S. jobless claims fell sharply last week but much of the decline appeared due to technical problems in claims processing, clouding the last major reading of labor market health before the Federal Reserve meets Continue reading
Australia / Unemployment rises to a four-year high at 5.8%
The unemployment rate rose to a four-year high in August as jobs fell by 10,800 Continue reading
India / Millions of young people are unable to find a job
Once touted as an economic miracle, faltering India cannot provide jobs for millions of university graduates. Meanwhile, employers complain they don’t have the skills anyway Continue reading
UK / The unemployment rate for 16 to 24 year olds hits 21.0%
The unemployment rate for 16 to 24 year olds was 21.0% for May to July 2013, up 0.5 percentage points from February to April 2013 Continue reading
Unemployment in the Arab World
“For decades, these countries actually did a pretty good job of getting education for younger people, of advancing them into secondary education. Tunisia, Egypt, Jordan, these are places where people were able to get college degrees, and now they’re facing two problems. “One is just the overall economic backdrop is miserable. When you have this … Continue reading
US / The latest job report is badly received
Here is an overview of the numerous comments on the latest job report even if the report concludes on the lowest the unemployment rate since November 2008. This drop was mainly due to a decrease to 63.2% of participation rate as the employment to population ratio declined to 58.6%. ‘The drop in the main unemployment rate was driven … Continue reading
US / Employment increased by 169,000 in August and and the unemployment rate was little changed
Total nonfarm payroll employment increased by 169,000 in August, and the unemployment rate was little changed at 7.3 percent, the U.S.Bureau of Labor Statistics reported today. Employment rose in retail trade and health care but declined in information. Household Survey Data Both the number of unemployed persons, at 11.3 million, and the unemployment rate, at 7.3 percent, changed … Continue reading
France / Unemployment rises above 3 M
French official data released on Thursday shows that unemployment rose above 3 million for the first time in the second quarter but the unemployment rate only rose by 0.1 percentage point Continue reading
Ireland / Unemployment Rate falls to 13.4 percent
The number of people claiming unemployment benefit in Ireland dropped again in August, falling for the 14th successive month, and inched the unemployment rate lower to 13.4 percent Continue reading
US / Few Jobs Means Bad Jobs
There is no dispute that bad jobs seem to be growing rapidly as a share of employment at present. The question is why. An alternative explanation to the “it just happens” view is that the weak economy itself is responsible for the proliferation of bad jobs. In other words, because the economy is not generating … Continue reading
Spain / Youth unemployment at record 56.1%
Youth unemployment in Spain has reached a new high of 56.1%, a quarter of the 3.5 million under-25s jobless across the eurozone, according to the latest Eurostat figures. The number of young Spaniards belonging to what has become known as the lost generation is up 2% since June to 883,000. Only Greece has a higher … Continue reading
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