Job Market Monitor
Unemployment
Youth unemployment – The Telegraph and the Henry Jackson launching a competition with £10,000 prize
The level of unemployment now confronting those starting their working lives – as well as the deep headache it is giving policymakers – has prompted The Telegraph to partner with the Henry Jackson Initiative (HJI), an economic and public policy think tank. Today, we are together launching an essay competition complete with a £10,000 prize … Continue reading
Update – US Job Report – This month report shouldn’t make a mandate
The number of unemployed and the unemployment rate increase. But employment too. So, this is a sign that participation is going up, a generally good sign. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. But still, the proportion of american in … Continue reading
Update – Hurricane Sandy Unemployment Benefits – Governor Cuomo Announces Federal Disaster Unemployment Assistance
Governor Cuomo Announces Federal Disaster Unemployment Assistance Now Available to New Yorkers Affected by Hurricane Sandy Governor Andrew M. Cuomo today announced that federal disaster unemployment assistance is now available to all New Yorkers who lost their jobs as a result of Hurricane Sandy. Disaster unemployment benefits are available to provide financial support to anyone … Continue reading
Canada – Employment unchanged and the unemployment rate remains at 7.4%
Following two consecutive months of increases, employment in October was unchanged and the unemployment rate remained at 7.4%. Employment Compared with 12 months earlier, employment increased 1.3% or 229,000, all in full-time work. The total number of hours worked also rose 1.3% over the same period. In October, employment grew in Quebec and Newfoundland and Labrador, while it fell in British … Continue reading
US Job Report – This month report shouldn’t make a mandate
The number of unemployed and the unemployment rate increase. But employment too. So, this is a sign that participation is going up, a generally good sign. Since July, the economy has created an average of 173,000 jobs a month, up from 67,000 a month from April through June. But still, the proportion of american in … Continue reading
Why Today’s Unemployment Report Should Be Taken With A Grain of Salt
Three times today I’ve been asked on media outlets about the likely effect on the presidential election of Friday’s jobs report, depending on what the Bureau of Labor Statistics announces. Unfortunately, the BLS report is likely to sway some voters — and therefore have an impact on this tight race. But it shouldn’t. The report … Continue reading
Update – South Africa – Unemployment on the rise to 25.5%
The official unemployment rate in South Africa rose to 25.5% of the labour force in the third quarter of this year from 24.9% in the second quarter, a survey showed. In its latest Quarterly Labour Force Survey, Stats SA said today the total number of unemployed people stood at 4.67 million in the three months … Continue reading
Zimbabwe – Unemployment Rate Really At 10,7% ?
The Zimbabwe National Statistics Agency (ZIMSTAT) says that Zimbabwe’s unemployment rate is 10.7%. Such a statistic will no doubt upset those who pretty much fancy using 80% or so as a benchmark. ZIMSTAT came up to this figure this way via its director-general Mr Mutasa Dzinotizei: Unemployment is defined as all persons above a specified age, who … Continue reading
Malaysia – Unemployment Is the Lowest in 3 Years at 2.7%
Malaysia’s unemployment rate is now the lowest it has been in the past 34 months, an impressive achievement in the global economic uncertainty. The jobless rate was 2.7 per cent in August, down from 3.1 per cent in the previous month as well as a year ago. According to data released by the Department of … Continue reading
Presidential Election – Obama and Romney have scarcely mentioned the long-term unemployment problem
In the economy-focused presidential campaign, the two candidates and their teams have scarcely mentioned what economists describe as not just one of the labor market’s most pressing problems, but the entire country’s: long-term unemployment. Nearly five million Americans out of work for more than six months are left to wonder what kind of help might … Continue reading
US – Unemployment Claims : Still An Uncertain Job Market Outlook with a a decrease of 9,000
SEASONALLY ADJUSTED DATA In the week ending October 27, the advance figure for seasonally adjusted initial claims was 363,000, a decrease of 9,000 from the previous week’s revised figure of 372,000. The 4-week moving average was 367,250, a decrease of 1,500 from the previous week’s revised average of 368,750. The advance seasonally adjusted insured unemployment … Continue reading
South Africa – Lonmin job cuts could bring more unrest
Lonmin management and workers appeared on Wednesday to be shaping up for a new battle after the strike-hit mining company said jobs would be cut. The world’s third largest platinum producer, Lonmin is scrambling to get back on its feet after a violent six-week strike at its Marikana mine that crippled production and led it … Continue reading
UK – Job programme – Almost 1 in 2 employer is unaware
More than a year after the introduction of the government’s ambitious Work Programme, the CIPD warns today that it needs to build on the scheme’s early progress by increasing awareness and understanding of the scheme amongst employers. In a survey of more than 1,000 employers, drawn from all three main sectors of the economy, the … Continue reading
Europe Youth Unemployment and the EU Youth Strategy
Youth unemployment is rising steadily in the EU as the economic crisis in Europe deepens. The latest data reveals an EU-wide youth unemployment rate of 22.8 percent, up from 21.7 percent a year ago as those under 25 continue to lose their jobs to the economic slowdown… Click here to see each country’s unemployment stats … Continue reading
US – New federal and state laws have sharply eroded incentives for workers to seek and retain jobs, and for employers to create jobs or avoid layoffs writes Casey B. Mulligan
In his new book, Casey B. Mulligan explains how, in the matter of a few quarters of 2008 and 2009, new federal and state laws greatly enhanced the help given to the poor and unemployed – from expansion of food-stamp eligibility to enlargement of food-stamp benefits to payment of unemployment bonuses – sharply eroding (and, in some … Continue reading
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