Job Market Monitor
Unemployment
Unemployment Insurance Claims – It’s hard to beleive that the job market really improving ?
Last report was not a good one with 372,000 (unrevisied). This morning report isn’t better. Is the job market really improving ? Hard to beleive. SEASONALLY ADJUSTED DATA ; In the week ending August 25, the advance figure for seasonally adjusted initial claims was 374,000, unchanged from the previous week’s revised figure of 374,000. The … Continue reading
Long-term Unemployment Hard On Confidence
Janice Pratt came here in the 1980s for the booming local economy, but now the city’s unemployment rate is 9 percent. She hasn’t had steady work since 2008 when she lost her job with a tech company after a lengthy marketing career. Pratt fears the mere fact that she is unemployed is hurting her chances … Continue reading
US – 10 Cities Losing the Most Jobs
10. St. George, Utah > Pct. decrease of employed: -5% > Decrease in people employed: -2,799 (34th largest) > June 2009 unemployment rate: 9.9% (145th highest) > June 2012 unemployment rate: 7.6% (148th lowest) 9. Carson City, Nev. > Pct. decrease of employed: -5% > Decrease in people employed: -1,308 (61st largest) > June 2009 … Continue reading
France – Sapin: Unemployment to stay high
“France is doing badly. The French economy is doing badly,” Sapin admitted on Tuesday. “The worsening of the employment situation will be longlasting but not eternal,” he continued. July’s unemployment figures saw the 15th consecutive month-on-month rise, by 1.4 per cent to 2,987,100, the highest since June 1999. The year-on-year rise is 8.5 per cent. … Continue reading
Nigeria Economy Society – Unemployment, job creation top agenda
Unemployment, poverty reduction and job creation, especially among the youth in the country, is expected to be the main focus of the Nigeria Economy Society (NES) conference which kicks off today in Abuja, the president of the group, Professor Akin Iwayemi has said. Addressing newsmen yesterday in Abuja ahead of the 53th Annual NES conference, … Continue reading
Job Gap – About 14 million jobs need to be created says OECD
The current weak economic recovery will keep unemployment rates in OECD countries high until at least the end of 2013, according to a new OECD report. The Employment Outlook 2012 says that the OECD-wide joblessness rate is forecast to remain high at 7.7% in the fourth quarter of 2013, close to the 7.9% rate in May … Continue reading
Psychology – Being Unemployment
What is often buried in the monthly unemployment numbers provided each month by the Bureau of Labor Statistics, is an understanding of the psychologically traumatic experience of involuntary job loss and ongoing unemployment. I argue that this experience is critical to understand because it can inform how hiring managers, human resource professionals, and small business … Continue reading
Unemployment Insurance Claims – Up from bottom-near since April 2008 to 372,000
Three weeks ago, claim were down to 353,000, at bottom-near since April 2008 and we have asked ‘But is it only volatility’ ? The answer is yes. But it could mean more… Not a good sign anyway. SEASONALLY ADJUSTED DATA In the week ending August 18, the advance figure for seasonally adjusted initial claims was 372,000, an … Continue reading
Mismatch across industries and occupations explains at most one-third of the total observed increase in the unemployment rate reveals a study by the Federal Reserve Bank of New York Study
“We develop a framework where mismatch between vacancies and job seekers across sectors translates into higher unemployment by lowering the aggregate job-finding rate” write Aysegul Sahin, Joseph Song, Giorgio Topa, and Giovanni L. Violante in Mismatch Unemployment on newyorkfed.org. How much did mismatch contribute to the dynamics of U.S. unemployment around the Great Recession? To address this question, we … Continue reading
Greece – 794,924 officially registered as unemployed @ state employment agency OAED
The number of people officially registered as unemployed increased by 1.59 percent in July, the state employment agency OAED announced. The agency recorded 794,924 people as jobless in July, six out of ten of whom are in the 30 to 54 year-old age bracket and 92.5 percent of whom are Greek nationals… via Unemployment register … Continue reading
Unemployment + Gasoline : A new misery index?
Those figures are then added together in the bar chart showing the 5 best and 5 worst. Are you surprised by any of the states listed in this new misery index? via Unemployment & Gasoline – Graphic of the Day | The Knowledge Effect.
Unemployment boom doesn’t threaten Russia, experts say: Voice of Russia
While unemployment rate is growing in Europe, Russia is experiencing a deficit of labor power. According to the latest estimations made by the All-Russian Center for the Study of Public Opinion, at present, there are fewer unemployed people in Russia than there were before the crisis of 2008. According to official data, 5% of Russia’s … Continue reading
The 25 Best Blogs for Coping With Unemployment
Onlinecollege.org has published a list of the 25 Best Blogs for Coping With Unemployment If you’re unemployed, you should know that you’re not alone. Fellow unemployed individuals, job search resources, frugal living blogs, and even news sources all exist to help you get through this dark spot and on to gainful employment. We’ve compiled a … Continue reading
US – Unemployment Rate in August – New Gallup data suggest an increase
New Gallup unemployment data suggest an increase in the government’s seasonally adjusted unemployment rate for August when it is reported on Friday, Sept. 7. During recent months, Gallup’s measurements have been more optimistic than those of the BLS. Barring a sharp reversal in this relationship, the government’s unadjusted unemployment rate might be expected to stay the same or … Continue reading
US – Unemployment rate rises in 44 states
Close to 90 percent of states saw their unemployment rates rise in July, a potentially worrisome development for President Obama’s reelection campaign. The Labor Department reported Friday that 44 states in all saw their jobless rate go up, with four states seeing no change at all. Only Idaho and Rhode Island — along with Washington, … Continue reading
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