Job Market Monitor
Unemployment
Gallup – U.S. Adjusted Unemployment is 7.8%, an improvement
U.S. unemployment, as measured by Gallup without seasonal adjustment, was 8.0% in June, unchanged from May, but significantly better than the 8.7% from a year ago. Gallup’s seasonally adjusted number, based on applying an estimate of the government’s June adjustment, is 7.8%, an improvement from 8.3% in May, and down considerably from 8.5% in June … Continue reading
US – Unemployment Claims : Finally some good news
SEASONALLY ADJUSTED DATA In the week ending June 30, the advance figure for seasonally adjusted initial claims was 374,000, a decrease of 14,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 385,750, a decrease of 1,500 from the previous week’s revised average of 387,250. The advance seasonally adjusted insured unemployment … Continue reading
Europe – Regional unemployment rates – From 2.5% in Salzburg and Tirol to 30.4% in Andalucia
Regional unemployment rates varied widely across the 271 NUTS 2 regions of the EU27 in 2011, with the lowest rates recorded in the regions of Tirol and Salzburg (both 2.5%) in Austria, Zeeland (2.7%) in the Netherlands and Oberbayern (2.8%), Niederbayern (2.9%) and Freiburg (3.0%) in Germany, while the highest rates were registered in the regions of Andalucía (30.4%) and … Continue reading
Florida – Maximum weeks of unemployment available next year to be reduced
The next three months will determine just how long thousands of unemployed people will receive state jobless benefits next year. Jobless rates from July, August and September will determine the maximum number of weeks people can collect unemployment payments in 2013. Officials will calculate average statewide unemployment for those three months and use the figure … Continue reading
Euro Crisis – Former German Chancellor Schmidt – Could End Badly
Since the beginning of the debt crisis, the European rescue efforts might have managed to save a number of banks, but they have failed so far in preventing recessions, lowering unemployment rates, or even decreasing anxiety, said former German Chancellor Helmut Schmidt according to a Handbelsbalt report. “After half a century since the beginning of … Continue reading
Las Vegas’s Had the Highest Black metropolitan unemployment in 2011, Followed by Los Angeles
In 2011, the nationwide African American unemployment rate stood at 15.9 percent—and in several of the country’s large metropolitan areas, the black unemployment rate was significantly higher. This issue brief examines African American unemployment rates of the 19 metropolitan areas for which we could derive reliable estimates.1 The key findings of this brief are: In … Continue reading
Europe joblessness among young rises – Eurozone: 22.6%, Spain: 52.1%, Italy: 36.2% …
More than one in three young Italians are out of work after the youth unemployment rate hit a record 36.2pc in May. The figure was a rise from 35.3pc in April, and far outpaced the eurozone average of 22.6pc in May. Unemployment among the under-25s also remained a huge problem in Spain, where more than … Continue reading
UK youth employment challenge – A Report
By comparison to other European countries, youth unemployment in UK is just below average at around 22%, but it is rising and has been rising since 2005. This suggests structural causes beyond the current economic situation: The labour market has been changing in ways that impact negatively on young people Recruitment practices make it increasingly … Continue reading
Slice and dice unemployment
When you’ve looked for monthly unemployment data, you have probably noticed that you can pretty readily find those data sliced by race or gender. Sometimes you can find the data arranged by age group or by educational attainment. But each of those dimensions — race or ethnicity, gender, age, and educational attainment — operate at once to … Continue reading
Youth Unemployment – How to measure it ?
The limitations of the unemployment rate as a measure of labour market conditions among the youth population is acknowledged by Eurostat, who now publish both the ratio and the rate for the population aged 15-24. (Their recent figures for Ireland for 2011 are low and may not reflect the latest Census returns.) The distinction between … Continue reading
The American People are angry because they are living through the worst recession since the great depression
Madam President, the American people are angry. They are angry because they are living through the worst recession since the great depression. Unemployment is not 8.2%, real unemployment is closer to 15%. Young people who are graduating high school and graduating college, they’re going out into the world, they want to become independent, they want … Continue reading
UK – Higher Education – The proportion of unemployed full-time first degree leavers reaches a high of 10% in 2008/09
In 2010/11 there were 224,045 full-time first degree graduates whose destinations were known, compared to 213,390 in 2009/10. In 2010/11, 63% (140,085) were in employment only and 9% (20,620) were assumed to be unemployed both showing no change since 2009/10. (See Table 1 and Chart 1.) In 2010/11, of the full-time first degree graduates whose … Continue reading
Dating: Unemployment is biggest turn-off
Despite tough economic times and a solid unemployment rate, a new study has revealed that women are not interested in dating a man with no job. Dating site, It’s Just Lunch, surveyed 925 men and women and found that a whopping 75per cent of women were turned off by unemployment. Though notably conducted by a … Continue reading
German unemployment climbs
Recent official figures have revealed that the number of unemployed people in Germany jumped by 7,000 in June, giving an unemployed rate of 6.8 percent of the workforce. The German Labor Office said on Thursday that the number of people out of work in Europe’s largest economy increased by a seasonally-adjusted 7,000 to 2.882 million … Continue reading
Unemployment and Older Workers Drive Competition in Labor Market
About 74 percent of Americans say they plan to work past age 65, according to a May study by economists Jay Bryson and Sarah Watt of Wells Fargo Securities LLC in Charlotte, North Carolina. Thirty-nine percent said they need to earn to make ends meet or maintain their lifestyle, and 35 percent wanted to stay … Continue reading
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