Job Market Monitor
Unemployment
Bank of England should focus on employment data
Ben Broadbent, a member of the Bank of England’s Monetary Policy Committee, said the link between employment and inflation had proved “more stable” throughout the financial crisis than those between “either of those variables and output”. “We should … Telegraph.co.uk http://www.telegraph.co.uk/finance/jobs/9539737/Bank-of-England-should-focus-on-employment-data-says-MPCs-Ben-Broadbent.html Envoyé via Flipboard Envoyé de mon iPad
Unemployment Insurance Claims – The US job market really going the wrong way
Last reports were not good, no more than the Current Population Survey for August. This morning report isn’t better. Is the job market really going the wrong way. -*- SEASONALLY ADJUSTED DATA In the week ending September 8, the advance figure for seasonally adjusted initial claims was 382,000, an increase of 15,000 from the previous … Continue reading
Sweden – Unemployment rate increases of 0.6 percentage points at 7.2 percent
In August 2012 the number of employed persons aged 15-74 years amounted to 4 738 000. The number of unemployed persons amounted to 366 000, corresponding to an unemployment rate of 7.2 percent, an increase of 0.6 percentage points. On average the number of hours worked was 125.1 million per week. Seasonally adjusted data shows … Continue reading
Cut Hours Not Jobs – Chief Executive of the Derbyshire and Nottinghamshire Chamber of Commerce
Commenting on the employment figures for August 2012 published by the Office for National Statistics today, George Cowcher, Chief Executive of the Derbyshire and Nottinghamshire Chamber of Commerce (DNCC), said: “The overall unemployment total for the region and the Claimant Count for both the City and the County remain at similar levels to the last … Continue reading
UK – Long-term unemployment hits 16 year high
“Despite improvements in the overall employment rate, long-term unemployment has hit a 16 year high remains a serious problem, with more than 900,000 people out of work for more than a year. The long-term unemployed should be offered a guaranteed job to make sure they don’t become permanently cut off from the jobs market.” via … Continue reading
UK – The number of unemployed people increased by 978,000 since pre-recession peak, not counting the discouraged
UK Labour Market Statistics, September 2012 The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.5 on the quarter. There were 29.56 million people in employment aged 16 and over, up 236,000 on the quarter. The unemployment rate was 8.1 per cent of the economically active population, down 0.1 … Continue reading
Obama vs Romney : Are the unemployed backing GOP ?
One of the most dominant theories of this year’s presidential election is that President Barack Obama’s re-election prospects have been undermined by high unemployment levels. Yet despite a dismal labor market, which saw a net increase of only 103,000 private-sector jobs for August, the president has been widening his lead over Mitt Romney in recent … Continue reading
US – Young Adult Unemployment – Something permanent in character has changed, for worse
A long term look The Unemployment rate for 20 to 24 years is has been higher than the overall rate since the BLS has produced those two series, except for a couple of months at the beginning of the 50’s when the job market was at full employment. Each recession has worsened the relative situation … Continue reading
US unemployment is worse than …
“The United States publishes two employment numbers: one based on a survey of employers (“the payroll survey”) and one based on a survey of households” Stefan Karlsson in US unemployment is worse than the headlines say on CSMonitor.com , adding: “The household survey gets more ink, but its proven itself unreliable.” “As I’ve discussed repeatedly, unlike most other … Continue reading
US – 5 Reasons Why the Job Market is Going In Recession
US Job Market is nearly In recession Continue reading
Canada – Employment Up by 34,000 with 33,000 in Quebec
After a decline in July, employment rose by 34,000 in August, the result of an increase in part-time work. The unemployment rate held steady at 7.3%. Employment On a year-over-year basis, employment increased by 1.0% or 177,000, with most of the gains occurring in the spring of this year. Virtually all of the increase in the 12-month period was in full-time … Continue reading
US – Employment rose by only 96,000 but unemployment rate down at 8.1%
Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care. Household Survey Data The unemployment rate edged down in August to 8.1 percent. Since … Continue reading
Australia – Unemployment rate drops
Australia’s unemployment rate unexpectedly dropped in August, giving a boost to the country’s currency, though analysts said the data actually point to softness in the labor market. The country’s jobless rate decreased 0.1 percentage point to 5.1% in August, the Australian Bureau of Statistics reported Thursday. Economists had been expecting the jobless rate to hit … Continue reading
UK – Unemployment is deliberately high says TUC
Frances O’Grady – incoming TUC general secretary – has suggested in a Guardian interview today that high unemployment is a deliberate ploy being used by the government to suppress wage claims and destroy employment rights. As she puts it: There was certainly a strong view in the 1980s, not just among trade unions, but also among a number of intellectuals and commentators, that unemployment was being … Continue reading
French unemployment 13-year high and crosses the 3 M unemployed threshold
France’s unemployment rate rose to its highest level in 13 years in the second quarter, official data showed on Thursday, in a setback to the Socialist government, which was elected on a pledge to bring down the jobless rate. The rise in unemployment to 10.2 percent, measured according to the International Labour Organisation’s (ILO) criteria, … Continue reading
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