Job Market Monitor
Unemployment
Fed’s Rosengren: unemployment is well above a longer-run sustainable rate
Aggressive policy easing will remain necessary for the simple reason that levels of both U.S. unemployment and inflation are not where the Federal Reserve wants them to be, a top U.S. central bank official said on Tuesday. In a textbook argument that appeared to push back at some of his more hawkish peers, Boston Fed … Continue reading
US Job Market : Overall, an improvement
The chart below tells a familiar, but not too happy, story. Only one of the variables in the collection of employer behavior, employee and employer confidence, and labor resource utilization categories has recovered even half the gap from its prerecession benchmark. The labor resource utilization variables look particularly bad, with one variable—marginally attached workers—actually getting … Continue reading
Philippine / Do grads want the jobs ?
The National Statistical Coordination Board (NSCB) says there’s plenty of jobs available for new college graduates. The only problem is, do they want the jobs – or vice versa? Citing a 2006-2011 labor force survey (LFS) by the National Statistics Office, NSCB Secretary-General Jose Ramon G. notes that 18 percent of the country’s unemployed are … Continue reading
The Six Stages Of Graduates Unemployment
Young graduates, I feel your pain. I know how much unemployment hurts and I am here to break it down for you. This way, we can all start a support group for a generation that believed they could do whatever they wanted, and is now sitting at home staring at the telly, wondering if they … Continue reading
EU: Tackling youth unemployment was a priority
A year ago, “The European Parliament underlined five priorities in the report on the contribution to the Annual Growth Survey 2012: 1. pursuing different growth-friendly fiscal consolidation 2. ensuring long-term financing of the real economy 3. promoting sustainable growth through more competitiveness and investments 4. tackling unemployment and the social consequences of the crisis 5. modernising … Continue reading
UK / The fit between graduate labour market supply and demand
In The fit between graduate labour market supply and demand, Gaby Atfield and Kate Purcell examine 3rd year UK undergraduate degree final year students’ perceptions of the skills they have to offer and the skills employers seek. Main findings As they approached the end of their undergraduate courses, over 80% of respondents believed that they have the skills employers are likely to be … Continue reading
The Cost of One Jobless Youth to Taxpayers: $14,000 a Year
America’s youth are suffering their worst employment drought since World War II. It doesn’t take a great leap of the imagination to understand why this is a crisis. The young and jobless earn less later in life. They lose the chance to build crucial career skills. They rely on government support. They’re more likely to … Continue reading
US / Job Gap / A four million shortfall in employment
According to the last jobs report for 2012, the United States labor market continues to recover at a steady but modest pace despite a global slowdown, Hurricane Sandy and anxieties about future fiscal policy. Private payrolls increased by two million in 2012, and the unemployment rate fell by 0.7 percentage point to 7.8 percent. Over … Continue reading
US / Job openings and hiring need to improve
The November Job Openings and Labor Turnover Survey (JOLTS), released today by the Bureau of Labor Statistics, shows job openings were essentially flat in November, at 3.7 million (up by 11,000). The number of job openings, which had been improving fairly steadily since reaching its low of 2.2 million in July 2009, has stalled in recent months; … Continue reading
Europe / Central Bank lack of action in spite of a 11.8% unemployment rate
THE euro area is mired in recession and unemployment in the single-currency zone continues to scale new heights, reaching 11.8% on figures out this week, up from 10.6% a year earlier. But the European Central Bank did nothing to help today, leaving its key interest rates unchanged. The governing council took the decision unanimously, ECB … Continue reading
US / Unemployment Benefits / An increase to 371,000 reflecting weak reports
Lats week, 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. Latest claims data reflect those weaknesses. SEASONALLY ADJUSTED DATA In the week ending January 5, the advance figure for seasonally adjusted initial claims was 371,000, an increase of 4,000 from the previous … Continue reading
Greece / Youth unemployment at 56.6 percent
The number youths aged between 15 and 24 out of work in October rose to 56.6pc, compared with 22.1pc in the same month four years ago, statistics service ELSTAT said. Greece’s jobless rate has almost tripled since September 2009 as the country’s debt crisis emerged, and is more than double the average rate in the … Continue reading
Rwanda: Unemployment Would Be 1%
Last week, more than a thousand people flocked to the second edition of the Rwanda Job Day, a fair which gave the opportunity to those looking for work to meet potential employers. Most of them were higher education graduates, and it is also fair to assume that the majority came from the Kigali area. In … Continue reading
US / Youth Unemployment among Young African American: 22.1 percent
U.S. employers added 155,000 jobs in December and the unemployment rate held steady at 7.8%. However, the jobs outlook for young people especially young black teens is bleak. According to Generation Opportunity, which charts unemployment for Millennials aged 18-29, the general jobless rate for teens is 11.5 percent and a shocking 22.1 percent for younger … Continue reading
US / Women’s unemployment higher than men’s for first time in more than six years
For the first time in more than six years, the unemployment rate for adult women (those over age 20), seasonally adjusted, has surpassed that for adult men. This reversal was first noted by Joan Entmacher, vice president for family economic security at the National Women’s Law Center. During the recession, men had borne the brunt … Continue reading
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