Job Market Monitor
Unemployment
Europe / Are leaders aware of the miseries of mass unemployment?
Unemployment in Europe is at record levels and rising. Five European leaders (Dijsselbloem, Rehn, Asmussen, Regling and Hoyer) declared in The New York Times (April 17) that their current policies of austerity bring: serious social challenges, notably in the form of unacceptably high unemployment. These challenges have to be addressed with determination. But there is … Continue reading
Europe / Unemployment Sets Another Record
Eurostat estimates that 26.521 million men and women in the EU-27, of whom 19.211 million were in the euro area (EA-17), were unemployed in March 2013. Compared with February 2013, the number of persons unemployed increased by 69.000 in the EU-27 and by 62.000 in the euro area. Compared with March 2012, unemployment rose by … Continue reading
America Youth Unemployment: A Growing Problem
Did you know we have a youth unemployment problem? Employers of every size in every sector lament the lack of skills available to them in the talent pool. Whether you’re reading reports from McKinsey, the Georgetown University Center on Education and the Workforce, or countless other research organizations, the message is all too similar: our … Continue reading
US / Vets program to be unveiled
First lady Michelle Obama on Monday will announce the launch of a credentialing program that the White House says will help members of the armed forces leaving military service earn the certification needed for many high-tech jobs in the private sector. Many departing service members have faced problems landing high-tech jobs in the private sector … Continue reading
France / Struggling to get back to work
As Mr Hollande approaches the anniversary of his election next month, his approval ratings languish at a measly 27%. No president has fallen faster or further in the first year of office and no doubt it is unemployment that weighs on those poll figures. With the economy stalled and the government planning some 60bn euros … Continue reading
UK / Could be forced to take jobless immigrants from around Europe
BRITAIN could be forced to accept unemployed migrants from the rest of Europe, Brussels chiefs declared yesterday. The European Commission said there was “no evidence” that they would take jobs from British nationals. It also insisted that immigrants should have the same access to benefits as people already living here — and even be shown … Continue reading
Gen Y / The largest generation in American history in the cradle
The nearly 3.7 million American babies born in 1982 weren’t special, except to their families. But in the eyes of demographers, they were categorically different from the 3.6 million Americans born in 1981. They were the first members of a new club: Generation Y. This so-called millennial cohort, the largest generation in American history, landed … Continue reading
Spain / Should the euro be abandoned ?
The mind goes numb. Spanish unemployment jumped by another 237,000 people in the first quarter to 6.2 million, or 27.2 per cent. The country is losing 3581 jobs a day. There are 1.9 million households where no member of the family has a job. The unemployment rate has reached 36.8 per cent in Andalusia, Spain’s … Continue reading
France / Hollande will miss job target poll says as unemployment hits record level
An overwhelming majority of French people believe President Francois Hollande’s government will fail to reduce record high unemployment this year, a poll showed on Friday. The government is clinging to the Socialist leader’s pledge to revert a relentless unemployment rise even as data showed on Thursday that more people were jobless than any time on … Continue reading
Sri Lanka / Youth unemployment one of the highest in the world, especially for young females
The World Bank’s flagship report World Development Report 2013 highlights the burning issue of youth employment in Sri Lanka, especially among females. Jesko Hentschel, Co-Author and Deputy Director of the World Development Report 2013: Jobs said, “One of the biggest challenges facing Sri Lanka is to improve women’s employment opportunities, especially for the young female … Continue reading
Iberian Peninsula: Protesters for “6.2 million reasons”
The Iberian Peninsula has once again been engulfed in protest, as police used brute force to disperse thousands in front of the Spanish Parliament in Madrid while in Portugal citizens climbed on top of a tank to make themselves heard. Police detained at least 15 in Madrid, including one minor, as they used force to … Continue reading
US / Hearing on long-term unemployment: Who cares?
When the Joint Economic Committee’s hearing on fixing the nation’s problem kicked off on Wednesday, April 24, only one lawmaker was in attendance: Sen. Amy Klobuchar, the Committee’s vice chair who was holding the hearing. (Niraj Chokshi) It stands to reason that lawmakers who often decry the high jobless rate would want to be seen … Continue reading
France / A Lost Generation There Too
When she embarked on a university degree at 18, Caroline never imagined she would still be living like a student a decade later, unable to land a permanent job and stuck in a cramped spare room in her father’s flat. An engaging 27-year-old with a literature degree and a masters in communications, she is one … Continue reading
Spain / Unemployment rate at record 27pc
Spain’s unemployment rate has climbed to a new record of 27.16 per cent in the first quarter of 2013, as a deep recession sparked by the collapse of a property bubble ravages the eurozone’s fourth-largest economy. The jobless rate jumped from 26.02 per as the number of unemployed climbed by 237,400 people to 6.2 million, … Continue reading
US / Possible Fed Successor, Janet Yellen, Has Admirers and Foes
Ms. Yellen is now widely viewed as a logical candidate to succeed the current Fed chairman, Ben S. Bernanke, when his term ends in January 2014. She has worked closely with him in shaping and building support for the Fed’s campaign to stimulate the economy and bring down unemployment. But some of Ms. Yellen’s critics … Continue reading
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