Job Market Monitor
Unemployment
Canada / 5.0 unemployed people for every job vacancy
There were 268,000 job vacancies among Canadian businesses in October, compared with 254,000 vacancies in October 2011. There were 5.0 unemployed people for every job vacancy, down slightly from 5.3 one year earlier. The national job vacancy rate was 1.8% in October, unchanged from 12 months earlier. Source: via The Daily — Job vacancies, three-month average ending in October 2012.
A 67 million global jobs gap / The number of unemployed worldwide rose by 4.2 million in 2012
Global unemployment rose in 2012 amid continuing economic insecurity and insufficient policies stifling overall hiring, a new report by the United Nations labour agency has warned, adding that the world’s youth were most vulnerable to the growing job scarcity. In its annual Global Employment Trends report, released today, the International Labour Organization (ILO) notes that … Continue reading
(Update) – Barack Obama’s Second Inaugural Address: Excerpts on Job
No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation, and one people… … Continue reading
UK / 58 per cent for students leaving university in 2012 out of a job or in low-skilled employment
It is feared that the graduate jobs market will barely improve in 2013. The conclusions – in a study by the website CareerMatters.co.uk – comes just days after a separate report found that employers were receiving 56 applications for each graduate job, a seven per cent rise on the previous year. Researchers said that a … Continue reading
Denmark / 23,000 to lose unemployment benefits
Denmark’s ministry of employment has estimated that as many as 23,000 Danes will lose their unemployment benefits before the summer. The figures come less than two weeks after major changes to the Scandinavian country’s so-called ‘dagpenge’ unemployment system went into force. The ministry had previously estimated that only 7,000 and 12,000 workers would lose benefits, … Continue reading
Barack Obama’s Second Inaugural Address: Excerpts on Job (the word ‘unemployment’ does not appear)
No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation, and one people… … Continue reading
An EU wide unemployment insurance system?
One of the most promising measure normally present in monetary unions is unemployment compensation. This idea is currently being given a push in the EU – including by the Employment Commissioner Laszlo Andor who has talked about it as serving as an automatic stabiliser and argued that “We need and must study the possible set-up … Continue reading
Unemployment Rates / International Comparison using american concepts
The International Labor Comparisons by the BLS The International Labor Comparisons (ILC) program adjusts data to a common conceptual framework because direct comparisons of national statistics across countries can be misleading due to differing concepts and methods. ILC data are used to assess U.S. economic and labor market performance relative to that of other countries and to … Continue reading
Youth employment: What works
Youth guarantees Programmes that guarantee young people will get a job, education or training have shown good results in a number of countries. In Finland, the success rate of the youth guarantee scheme is estimated at more than 80 per cent. A registered youth has to be offered a job, academic education, vocational training, or … Continue reading
Asians in the United States / Educational attainment and unemployment
A notable characteristic of the Nation’s Asians is their high rate of educational attainment. Fifty-two percent of those ages 25 and older had a bachelor’s degree or higher in the 2008–2010 period, considerably more than the average of 29 percent for non-Asians. In the 2008–2010 period, Asian Indians had the highest levels of educational attainment: … Continue reading
US / Unemployment Benefits / New data are reassuring as jobless claims fall to 5-year low
Tow weeks ago, Two out of three employment-related reports were positive and only 28,000 persons were saying they have a job in the latest monthly labor market report. Last week claims data reflected those weaknesses, but new data are reassuring. SEASONALLY ADJUSTED DATA In the week ending January 12, the advance figure for seasonally adjusted initial claims was 335,000, a decrease … Continue reading
Ireland / New scheme to put long-term unemployed to work planned
A NEW scheme to put long-term unemployed to work as council workers is being planned by the Government. Up to 3,000 people on the dole for more than two years will be put to work at street cleaning, cutting grass and carrying out road works. The Cabinet will hold a meeting today where a wide … Continue reading
Australia / Unemployment rate increased 0.1 percentage points to 5.4 per
Australia’s seasonally adjusted unemployment rate increased 0.1 percentage points to 5.4 per cent in December, as announced by the Australian Bureau of Statistics (ABS) today. The ABS reported the number of people employed decreased by 5,500 to 11,538,900 in December. The decrease in employment was driven by decreased full-time employment, down 13,800 people to 8,112,500 … Continue reading
Psychology / The Toll and Fallout of High Unemployment
The job market continued to improve last year, but the pace of improvement was agonizingly slow. The unemployment rate edged down to 7.8%, a drop of 0.7% compared with the end of the previous year. Payroll employment grew 153,000 a month. Payroll gains in 2010, 2011, and 2012 have now offset a little more than … Continue reading
New Mexico / 7 000 apply for 200 retail jobs at Traget
In the last three days alone, thousands of people have applied for 200 new jobs at Target in Albuquerque, New Mexico, even though candidates only have 2.8 percent chance at getting a job. With long lines wrapping around the Marriott Upton building in Northeast Albuquerque, each candidate was competing with 7,000 others to get a … Continue reading
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