Job Market Monitor
Unemployment
What is the only thing worse than unemployment? Long-term unemployment
The insights come from an upcoming paper by Swedish economists Stefan Eriksson and Dan-Olof Rooth, which is to be published in the American Economic Review Continue reading
Canada / Employment decreased by 39,000 and the UR rose to 7.2%
Led by declines among youths, employment decreased by 39,000 in July, and the unemployment rate rose 0.1 percentage points to 7.2% Continue reading
Australia / Labour market continues to weaken
The summary ABS Labour Force (seasonally adjusted) estimates for July 2013 are: Employment decreased 10,200 (0.1 per cent) with full-time employment falling by 6,700 and part-time employment falling by 3,500. Unemployment decreased by 5,700 (0.8 per cent) to 705,400 but only because the labour force shrank on the back of a declining participation rate The … Continue reading
US / Layoffs falls to pre-recession level but jobless claims edges 5,000 higher
US – it appears that a long cycle of aggressive layoffs, which had fuelled a surge in unemployment and helped shape two presidential elections, is over but last week, initial jobless claims edged 5,000 higher Continue reading
Eurozone / The recession is over, but youth unemployment hits record 65 pc in Greece
The Euro Zone recession is over but those aged 15 to 24 in Greece remained the hardest-hit as the jobless rate for this age group registered 64.9 percent Continue reading
UK / Interest rates to be held at record low until unemployment falls below 7 pc
UK – MARK Carney, the new governer of the Bank of England, today vowed to keep the interest rate at 0.5 per cent until at least the end of 2016 unless inflation rises sharply Continue reading
Portugal / Unemployment Rate 2Q: 16.4%
Portugal Unemployment Rate 2Q: 16.4% Continue reading
China / Jobless graduates may exceed 3 M
Over 3 million graduates in China are struggling to find jobs this year, according to a report on China’s social security, released on Sunday Continue reading
US / The Job Report in Charts by the BLS More charts and analysis on …
US – More charts and analysis on the July nonfarm payroll employment numbers by the Bureau of Labor Statistics Continue reading
Detroit / There are jobs on the horizon, but workers fall short on skills
Detroit’s labor force is unprepared for the jobs that may be coming Continue reading
US / Employment increased and the unemployment rate edged down, as previous months gains
Total nonfarm payroll employment increased by 162,000 in July, and the unemployment rate edged down to 7.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in retail trade, food services and drinking places, financial activities, and wholesale trade. Household Survey Data Both the number of unemployed persons, at 11.5 million, and the unemployment rate, … Continue reading
Ireland / Unemployment rate down to 13.5%
Ireland’s unemployment rate retreated last month to the lowest level since April 2010 Continue reading
Germany / Unemployment Falls For 2nd Month
The number of unemployed in Germany declined for a second consecutive month in July Continue reading
Europe / Unemployment stable with only Germany and Austria with Youth Unemployment below 10%
The euro area (EA17) seasonally-adjusted unemployment rate was 12.1% in June 2013, stable compared with May. The EU27 unemployment rate was 10.9%, down from 11.0% in May. For youth, the lowest rates were observed in Germany (7.5%) and in Austria (9.3%)
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South Africa / Unemployment rises to 25.6%
South Africa – Unemployment rises to 25.6%, as the number of unemployed people reaches 4.73-million – the highest level recorded since the QLFS started in 2008. Continue reading
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