Job Market Monitor
Unemployment
Canada – Employment in July declined by 30,000, mainly in Quebec
Following two months of little change, employment in July declined by 30,000, the result of losses in part-time work. The unemployment rate rose 0.1 percentage points to 7.3%. Compared with 12 months earlier, employment increased 0.8% or 139,000, with full-time employment up 1.4% while part-time employment declined 1.8%. Total number of hours worked increased 1.2% over the same period. Employment Unemployment rate Employment in Quebec fell … Continue reading
New Zealand – Unemployment rate rises to 6.8% as available jobs dry up
The unemployment rate expectedly rose in the second quarter as the pool of jobs shrank for the time since December 2010… The unemployment rate increased 0.1% percentage points to 6.8%, the highest since June 2010, according to Statistics New Zealand’s household labour force survey. Economists surveyed by Reuters were expecting the headline rate to come … Continue reading
Greece – Unemployment Hits New Record High of 23.1 percent In May
Unemployment in Greece increased further and reached a new record high in May, as the labor market continues to be hit by the deepening recession, data released by the Hellenic Statistical Authority showed Thursday. The unemployment rate increased to 23.1 percent in May from the revised 22.6 percent in June, reaching the highest level since … Continue reading
Australia – Number of employed up 14,000 last month, fourth gain in five months
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 14,000 (0.1%) to 11,512,600. Full-time employment increased 9,200 to 8,073,700 and part-time employment increased 4,800 to 3,439,000. Unemployment decreased 2,500 (0.4%) to 635,100. The number of persons looking for full-time work increased 14,600 to 457,600 and the number of persons looking for part-time work decreased 17,100 to 177,500. … Continue reading
99ers are no more
The 99ers are no more. There are still plenty of people who have been out of work for 99 weeks or more, to be sure. But the 99 weeks of unemployment secured by one tier of extended benefits have ended. This has affected a half-million workers, and it’s a direct result of … Continue reading
US – Unemployment Insurance – Cutbacks Came Long Before the Great Recession
Cutbacks in Unemployment Insurance Ccme long before the Great Recession. Unemployed American are less and less insured. Statistics on insured unemployment in the United States are collected as a by-product of UI programs. Workers who lose their jobs and are covered by these programs typically file claims (“initial claims”) that serve as notice that they … Continue reading
At the July 163 000 jobs rythm, it would take up to 2025 to recover
What the NYT Says With 163,000 new jobs created, July’s employment growth topped both analysts’ expectations and the meager job gains in May and June. While that growth was not enough to reduce the jobless rate – now 8.3 percent – it was enough to boost the stock market. For investors, the job tally was … Continue reading
Life after unemployment checks run out
Jobless benefits are phasing out this year for about 1 million long-term unemployed Americans as the federal government reels in Great Recession lifelines that provided unemployment checks for as long as 99 weeks in many states. By year’s end, another 2 million will see their checks cut off, because extended unemployment benefits will end beyond … Continue reading
US – July – Thx to the shrinking labor force: Employment rose by 163 000, not enough for the unemployment rate to fall (up @ 8.3%)
Total nonfarm payroll employment rose by 163,000 in July, and the unemployment rate was essentially unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment rose in professional and business services, food services and drinking places, and manufacturing. via Employment Situation Summary. -*- The drop in participation is larger for men than … Continue reading
Unemployment Insurance Claims – UP while companies add an insufficient 163,000 jobs and manufacturing falters
Last week, claim were down to 353,000, at bottom-near since April 2008 and we have asked ‘But is it only volatility’ ? The answer might well be yes. UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT In the week ending July 28 the advance figure for seasonally adjusted initial claims was 365,000, an increase of 8,000 from the previous week’s … Continue reading
Federal Reserve – FOMC statement – The Economy has gone from “expanding moderately” to “decelerated somewhat”
Information received since the Federal Open Market Committee met in June suggests that economic activity decelerated somewhat over the first half of this year. Growth in employment has been slow in recent months, and the unemployment rate remains elevated… The Committee expects economic growth to remain moderate over coming quarters and then to pick up … Continue reading
US – Unemployment rates lower in 328 of the 372 metropolitan areas
Unemployment rates were lower in June than a year earlier in 328 of the 372 metropolitan areas, higher in 32 areas, and unchanged in 12 areas, the U.S. Bureau of Labor Statistics reported today. Eight areas recorded jobless rates of at least 15.0 percent, while 17 areas registered rates of less than 5.0 percent. Two … Continue reading
US – Occupation Unemployment
Back in 2000, just 3% of electricians in the United States were unemployed. By the end of the decade, 19% of electricians were out of work — a huge increase that reflected the lasting turmoil wrought by the recession. Although unemployment among electricians improved to 12.9% in 2011, other occupations haven’t fared so well. The … Continue reading
Graduate – It was not the life I planned, but it was the life I feared
It was not the life I planned, but it was the life I feared. Graduating college with loads of debt and job prospects that were no better than what I could have gotten straight out of high school. I rarely thought of these things during my university years which ran from the mid to … Continue reading
Improved Job Search Options Needed
With so many Americans willing and able to work, it should be simple for recruiters, human resource professionals and hiring managers to find qualified talent to fill job openings. But companies are increasingly complaining that they simply can’t find workers with the right skills to fill their job vacancies, especially when it comes to our … Continue reading
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