Job Market Monitor
Unemployment
Unemployment drives Americans North
Richard Madan looks into the reason why more Americans are moving to Canada. Hint: It’s not our social programs or health care. Watch video via Recession, unemployment drive Americans north | CTVNews.
Australia – Employment decreased 27,000 (SA) and unemployment rate increased to 5.2%
SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment decreased 27,000 (0.2%) to 11,500,500. Full-time employment decreased 33,500 to 8,065,500 and part-time employment increased 6,600 to 3,435,000. Unemployment increased 7,200 (1.1%) to 631,300. The number of persons looking for full-time work increased 7,800 to 438,300 and the number of persons looking for part-time work decreased to 193,000. The … Continue reading
China’s job market – Cracks are appearing
China’s job market has started to show signs of stress, putting pressure on the government to intensify fiscal spending to prevent the economy from weakening further. Like politicians the world over, Chinese leaders’ biggest single economic worry is whether unemployment is under control, and analysts say the job outlook will help determine whether they launch … Continue reading
Youth Unemployment in EU – The crisis has caused a significant increase, but rates vary widely
“There are many reasons for youth unemployment: besides the general situation on the labour market, one might mention education and training systems, labour market and employment policies, but also the stratification and distribution of opportunities in society” write JOERG BERGSTERMANN AND BJOERN HACKER in Youth Unemployment in Europe on social-europe.eu. As things stand at the moment, the … Continue reading
Official youth unemployment – The Scariest Chart
In March this year, for the first time on record, more than half of the young people in Spain and Greece were counted as unemployed by the OECD, which provided the chart above. Three months later, the situation is still getting worse. Official youth unemployment in Greece and Spain has crossed 51 percent. That’s worse … Continue reading
ILO Report – Eurozone risks losing a further 4.5 million jobs
Unemployment in the Eurozone could reach almost 22 million over the next four years, up from 17.4 million, unless policies change course in a concerted manner, the ILO says in a report entitled “Eurozone job crisis: trends and policy responses” . The study warns that without a shift in policy direction all countries in the … Continue reading
US Unemployment Rate – Is 8% the New Norm ?
This decade is shaping up to be the worst for unemployment since the Great Depression. The U.S. unemployment rate has been above 8% for more than three long years, far above the 5.4% average of the seven full decades since the Great Depression. Job growth, as measured by the household survey that calculates the jobless … Continue reading
India – Gujarat – Lowest unemployment rate among all states
Gujarat Congress’s yet another poll agenda has been punctured, this time by a department under Union Ministry of Labour and Employment. In run up to the assembly election, one of the issues Gujarat Congress has taken up against the state government is unemployment. According to the latest report for the year 2011-12, released by Labour … Continue reading
US – Hires Rate (3.3 percent) and Separations Rate (3.3 percent) unchanged in May
There were 3.6 million job openings on the last business day of May, little changed from 3.4 million in April, the U.S. Bureau of Labor Statistics reported today. The hires rate (3.3 percent) and separations rate (3.3 percent) were essentially unchanged in May. This release includes estimates of the number and rate of job openings, hires, … Continue reading
Unemployed Europeans Get Brazilian Visas And a Bride
Being young and European right now can be pretty bleak, with the average EU youth unemployment rate standing at 22.4% — and rates in Spain verging on a Great Depression-like 51%. Unsurprisingly, a lot of young Europeans want to move abroad, but moving abroad isn’t always easy — or even legal. This report in Brazilian … Continue reading
Race Matters – Black unemployment rate:14.4% -vs- white at 7.4%
As the overall U.S. unemployment rate stayed at 8.2% in June, the rate among black Americans rose nearly a full percentage point. The reason for the increase appears to have been a rise in the percentage of African-Americans looking for a job, rather than job losses. The unemployment rate for blacks rose to 14.4% from … Continue reading
Long-Term Unemployed – Hard Times: Lost on Long Island
Starting in summer 2010, when many hoped an era of recovery would begin, and continuing through the holiday season six months later, HARD TIMES: LOST ON LONG ISLAND spotlights the challenges facing highly skilled, well-educated Long Islanders who lost their jobs. Public relations professional Anne Strauss notes, “Being unemployed for two years is not just … Continue reading
511,000 Americans Have Lost Unemployment Benefits
Expirations built into the unemployment insurance system when the program was extended at the start of this year will continue to bite this week, kicking 44,000 unemployed Americans off of benefits. This brings the total number of people who have lost benefits since the start of 2012 to 511,000. The federal government created the Emergency … Continue reading
Politics – Lower Unemployment Where Republican Governor Elected in 2010
While liberals remain aloof to our economic recession in Washington, every Republican governor elected in 2010 has reduced unemployment and spurred an economic recovery at a rate faster than the national average in their respective states. Tony Lee of Breitbart.com stated that “the average drop in the unemployment rate in these states was 1.35%, compared to … Continue reading
Presidential Campaign – Almost 13% of Young Adults Who Voted for Obama are Now Unemployment
After almost one full term of Obama’s policies, the unemployment rate is still above 8% according to figures released on June 6, 2012. The number of unemployed women ages 16 and over in the civilian work force increased by 780,000 from January 2009. The economy created only 80,000 jobs in June while 85,000 workers exited … Continue reading
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