Job Market Monitor
Unemployment
(UPDATE) US / Unemployment Rate Falls to Four-Year Low / Sandy: no substantively impact the job market
Total nonfarm payroll employment rose by 146,000 in November, and the unemployment rate edged down to 7.7 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, professional and business services, and health care. Household Survey Data The unemployment rate edged down to 7.7 percent in November. The number of unemployed … Continue reading
The unemployment rate would slowly increase over the coming months – Brookings
“The November employment report showed unexpected declines in both the unemployment rate and in the labor force participation. A stock-flow analysis of the latest report shows that the labor market continues to show many signs of weakness, with no improvements in workers’ job finding rates and a stubbornly elevated rate of job separation. In fact, … Continue reading
Canada/ Employment rose by 59,000 and unemployment rate declined to to 5-month low 7.2%
Following little change in October, employment rose by 59,000 in November, the result of an increase in full-time work. The unemployment rate declined 0.2 percentage points to 7.2%. Chart 1 Employment Compared with 12 months earlier, employment increased 1.7% or 294,000, mostly in full-time work. Over the same period, the total number of hours worked rose 1.3%. In November, employment increased in Ontario, Quebec, Alberta, Manitoba and … Continue reading
Workers with no benefit, less-educated struggling and the rich disconnected
“The U.S. economy is still a powerful engine, but workers aren’t seeing the benefits, less-educated men are struggling, and the rich have disconnected from everyone else” writes Jonathan Rauch. (Choosen excerpts by Job Market Monitor to follow) If the American economy were an automobile, you would say the transmission is failing. The engine works, but not all … Continue reading
1.3 Million Greece / Unemployment Rate 26%, Youth 56%
Every month unemployment in Greece breaks a new record! According dat released by Greek Statistics Authority (ELSTAT) for September 2012: unemployment reached 26%, while the data for youth 15-24 years old skyrocketed to 56% – despite the lowering of the minimum wage for this age group down to 510 euro gross per month. Officially, at … Continue reading
U.S. Unadjusted Unemployment Shoots Back Up find Gallup one day ahead of the jobs report
In light of the figures on unemployment claims coming out since four weeks, this is not surprising. Tomorrow’s report should not be better.(1) *-* U.S. unemployment, as measured by Gallup without seasonal adjustment, was 7.8% for the month of November, up significantly from 7.0% for October. Gallup’s seasonally adjusted unemployment rate is 8.3%, nearly a … Continue reading
The Different Paths of Greece and Spain to High Unemployment | The Big Picture
In 2007, Spain and Greece had lower unemployment rates than the euro area as a whole. In their article, Thomas Klitgaard and Ayşegül Şahin “show that while the unemployment rates in the two countries are similar today, the paths have been very different.” (Choosen excerpts by Job Market Monitor to follow) The employment decline in Greece, like … Continue reading
Unemployment Insurance / Claims fell last week with Sandy effect subsides
SEASONALLY ADJUSTED DATA In the week ending December 1, the advance figure for seasonally adjusted initial claims was 370,000, a decrease of 25,000 from the previous week’s revised figure of 395,000. The 4-week moving average was 408,000, an increase of 2,250 from the previous week’s revised average of 405,750. The advance seasonally adjusted insured unemployment rate was 2.5 percent … Continue reading
EU calls for youth guarantee schemes
EU member states should guarantee that young Europeans do not remain out of work or education for more than four months, according to a scheme unveiled Wednesday by the European Commission. However the cost of tackling youth unemployment would largely fall to the states, said EU Employment Commissioner Laszlo Andor, adding that “the costs of … Continue reading
US / Employment among young people at lowest level since 1950s
Nearly 6.5 million U.S. teens and young adults are neither in school nor in the workforce, veering toward chronic underemployment as adults and failing to gain the skills employers need in the 21st century, according to a new KIDS COUNT® report from the Annie E. Casey Foundation. Many of these young people, ranging from ages … Continue reading
Unemployment Insurance / Its Importance for American Families and the Economy
Among the many spending cuts and tax increases legislated to take effect at the turn of the year, few policies have as direct an effect on those most affected by the Great Recession than the expiration of extended unemployment insurance (UI) benefits. In the first week of January, roughly two million individuals will lose extended … Continue reading
US / Labor Economics / Is the the Beveridge curve shifthing ?
When trying to determine if high unemployment is being caused by weak demand or by a mismatch between jobs and the skills of job seekers, economists look at the Beveridge Curve. It represents the relationship between the unemployment rate and the job vacancy rate. On a simple chart, vacancies are on the vertical axis and unemployment … Continue reading
US / The recession has not affected all Americans equally
The recession has not affected all Americans equally. While overall unemployment hovers around 8 percent, the reality was much different depending on your racial and ethnic background. African-Americans had an unemployment rate of 14.1 percent, nearly double the rate of whites at 7.2 percent. Hispanics had the second highest unemployment rate at 10.2 percent. And … Continue reading
Spain / Rising unemployment in November
Spain’s queue of job seekers grew to a new record in November, official data showed Tuesday, a grim sign for a nation in the grip of a jobs-killing recession. The number of people registered as unemployed grew by 74,296, or 1.5 percent, to 4.91 million in November from the previous month, the Labour Ministry said … Continue reading
Military / Adjusting for demographic differences, spouses have higher unemployment rates
Policymakers need to understand whether military spouses succeed at finding jobs and how veterans fare economically after they leave military service. But these groups differ from the civilian population in important ways, making comparisons difficult. Researchers must adjust comparisons to account for demographic differences across these populations to provide useful information to policymakers. Using data … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
The Most Popular Job Search Tools
Even More Objectives Statements to customize
Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office
Job Market Monitor 