Job Market Monitor
Unemployment
US Workforce Development / Layoffs At State Unemployment Agencies
Businesses added 166,000 jobs in January, the U.S. Labor Department announced Friday, while the government eliminated 9,000. The twin trends have been a signature of the past three years of economic recovery. For some state workforce agency staffers, the overall improvement is bad news. With fewer people claiming unemployment insurance benefits, state unemployment agencies will … Continue reading
US / 14 Reasons for an Employment Policy
We Americans must be a remarkably patient people. It ‘s been four years since Wall Street ruined the economy, we’re nearly nine million jobs behind where we need to be, and for years our politicians have debated how much less – not how much more – they’ll do about it. We’ve patiently endured lectures about … Continue reading
West Virginia / Unemployment Insurance: Not a good employment policy
Every business faces ups and downs, and how a business reacts and adapts to a downturn plays a large part in its success. During tough economic times, businesses often face difficult decisions and can be forced to lay off valuable, trained employees in order to survive. Not only do businesses lose their skilled employees and … Continue reading
Western world’s policy elite somehow decided en masse that unemployment was no longer a crucial concern writes Krugman
Three years ago, a terrible thing happened to economic policy. Although the worst of the financial crisis was over, economies on both sides of the Atlantic remained deeply depressed, with very high unemployment. Yet the Western world’s policy elite somehow decided en masse that unemployment was no longer a crucial concern, and that reducing budget … Continue reading
Minneapolis–Saint-Paul / Helping women find jobs
Lonna Szczesny has helped thousands of women gain skills and move from unemployment to work or a better job. Now she’s retiring after 23 years at the nonprofit Resource, most recently as director of women’s programs at the nonprofit’s Employment Action Center. She recently received the inaugural “lifetime achievement award” of the Minnesota Women’s Consortium. … Continue reading
Canada | Employment Insurance | Nationwide Entrance Requirements and Benefit Entitlement Period
“Reforms to the Employment Insurance (EI) program should focus on removing barriers to mobility by creating uniform, nationwide entrance requirements and benefit entitlement period” write Colin Busby and David Gray in Mending Canada’s Employment Insurance Quilt: The Case for Restoring Equity published at cdhowe.org. “Under the current EI system, long-lasting EI benefits are more easily accessed in … Continue reading
Canada / Employment Insurance : How to Adjust EI to the new world of work – Gunderson
Work is ‘changing nature’ with respect to Employment Insurance writes MORLEY GUNDERSON in EMPLOYMENT INSURANCE IN THE NEW WORLD OF WORK on mowateitaskforce.ca. “The demand-side changes include: skill-biased technological change, especially associated with the computer revolution and the shift to a knowledge economy; trade liberalization; globalization and offshore outsourcing; industrial restructuring mainly from manufacturing to … Continue reading
France / Minister Michel Sapin: There is a state but it’s a totally bankrupt state
France’s government was plunged into an embarrassing row yesterday after a minister said the country was ‘totally bankrupt’. Employment secretary Michel Sapin said cuts were needed to put the damaged economy back on track. ‘There is a state but it is a totally bankrupt state,’ he said. ‘That is why we had to put a … Continue reading
US / Job growth needs to be at 284,984 a month to get to 5 percent unemployment within two years
Getting the economy to 5 percent unemployment within two years — a return to the rate that prevailed when the recession began — would require job growth of closer to 284,984 a month. There are now 12.3 million workers looking for work who cannot find it. The tally of those who are underemployed — that … Continue reading
Euro Zone / Youth unemployment rose by 303 000 in a year, reaching 57.6% in Greece
The euro area (EA17) seasonally-adjusted unemployment rate was 11.7% in December 2012, stable compared with November. The EU27 unemployment rate was 10.7%, also stable compared with November. In both zones, rates have risen markedly compared with December 2011, when they were 10.7% and 10.0% respectively. These figures are published by Eurostat, the statistical office of the European Union. Eurostat … Continue reading
US / The number of American working was up by only 17,000
The headline ” Total nonfarm payroll employment increased by 157,000 in January, and the unemployment rate was essentially unchanged at 7.9 percent”, the U.S. Bureau of Labor Statistics reported today. But the number of those working (SA) was up by only 17,000, after last month 28,000. This is by far not enough for a dent in the … Continue reading
US / No occupation spared from higher unemployment
The figure below shows unemployment rates by occupation in 2007 and 2012. While some occupations have higher unemployment rates than others, there is a job shortage in all occupational categories relative to before the recession started. Legal occupations and food preparation and serving occupations are doing the best with respect to where they were before … Continue reading
Germany / Unemployment Rate Declined to 6.8 percent in January
German unemployment unexpectedly declined in January, adding to signs that a pick-up in Europe’s largest economy is gathering pace. The number of people out of work fell a seasonally adjusted 16,000 to 2.92 million, the Nuremberg-based Federal Labor Agency said today. Economists predicted an increase of 8,000, the median of 31 estimates in a Bloomberg … Continue reading
Singapore / Jobless Rate at 5-Year Low
Singapore’s jobless rate fell to a five-year low last quarter as companies hired more local workers after the government tightened the inflow of foreign labor. The seasonally adjusted jobless rate fell to 1.8 percent from 1.9 percent in the third quarter, the Ministry of Manpower said in a statement today. The median estimate of nine … Continue reading
US / In decline?
The American Century is dead. Long live the next American Century. The subtext of political debate these days is that the United States is in decline — a proposition often portrayed as self-evident. The economy lacks dynamism; unemployment near 8 percent remains at recession levels. The president and his Republican critics barely talk to each … Continue reading
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