Job Market Monitor
Unemployment
Employment policy is also health policy
Employment policy is also health policy according to a University of British Columbia study that found that workers experienced higher mortality rates if they didn’t have access to social protections like employment insurance and unemployment benefits. Researchers with the Human Early Learning Partnership and the School of Population and Public Health at UBC found that … Continue reading
India: Vocational training lost importance has led to the widening gap between supply and demand for skilled manpower across various industries
Although the field of education has made progress in the past ten years, this less regulated area of the education sector – vocational training— seems to have lost its importance. This has led to the widening gap between the supply and demand for skilled manpower across various industries. This shortage of skills has translated directly … Continue reading
OECD – United States: income support would provide much greater value to the unemployed if they were offered in tandem with a more active set of re-employment services
‘Although job creation has improved and the unemployment rate has come down from a high of 10.0% in October 2009, the effects of the recession on the labour market remain‘ writes, unsurprirsingly the OECD in Economic Survey of the United States 2012. (Adapted excerpts by JMM)
Neet – not in work or education – On the rise in UK
More of England’s teenagers are leaving education without a job, government statistics show. Annual figures show that last year 8.1% of 16 to 18-year-olds were not in education, employment or training (Neet). That is up from 7.5% in 2010. There was also a slight fall in in the proportion of teenagers in full-time education, which … Continue reading
Polish Unemployment: 12.6% In May
Poland’s jobless rate eased to 12.6% in May from 12.9% in April, the labor ministry said Wednesday. via Polish Unemployment Eases To 12.6% In May – Labor Ministry. — Unemployment Rate
The Unemployment Gap in Your Resume
The Gap. It is not just a store selling reasonably priced American apparel, but also a resume nuisance. Any recruiter will tell you that one of the first things they look for are any unexplained spaces in employment history. There are many reasons people need to take time off from employment, i.e. maternity/paternity leave, personal … Continue reading
Will the 15-hour week come as a consequence of unemployment ?
Machines were rapidly replacing human labour, holding out the prospect of vastly increased production at a fraction of the existing human effort. In fact, Keynes thought that by about now (the early twenty-first century) most people would have to work only 15 hours a week to produce all that they needed for subsistence and comfort. … Continue reading
Europe: Unemployment rate linked to rise in suicides
Soaring unemployment rates across Europe caused by economic policies are a ‘public health emergency’, doctors heard at a seminar on health inequalities. Former BMA president Professor Sir Michael Marmot, author of the Fair Society, Healthy Lives report, told an interactive symposium on social and health inequalities that for every 1 per cent rise in unemployment … Continue reading
Wage subsides for young workers brought forward in UK
Wage subsidies for firms hiring out of work 18 to 24-year-olds are to be triggered early in 20 deprived areas. Deputy Prime Minister Nick Clegg has announced that payments will be paid when young people have been out of work for six months instead of nine. The initiative is part of the government’s £1bn Youth … Continue reading
Long-term unemployed will begin seeing their federal jobless benefits disappear in at least 24 states
Many long-term unemployed will begin seeing their federal jobless benefits disappear starting this week. This round affects the jobless in at least 24 states, while all Americans will be affected in the fall.
France – Lessons on Youth Unemployment and Youth Employment Policy
The last crisis has merely amplified what is an increasingly problematic structural issue in France: Youth unemployment. In the last 30 years, the youth unemployment rate has never dropped below 15% and has regularly exceeded 20%. Yet, integrating young people into the labour market has been an ongoing public policy objective since the end of … Continue reading
Listen to John Maynard Keynes’ voice on High Unemployment
When someone questions the effectiveness of Keynesian economics, the obvious reply is: Remember World War II? The British economist John Maynard Keynes argued that there is a role for government intervention when aggregate demand for goods and services drops, as it did during the Great Depression. Without increased public spending to make up for decreased … Continue reading
States with the Longest Stretches of Unemployment
In the annals of states with long stretches of high unemployment, Nevada seems destined to become the poster child for the Great Recession and foreclosure crisis. The state has an 11.9% unemployment rate — a half a percentage point higher than runner up Rhode Island. Nevada has led the nation in unemployment for 27 months, … Continue reading
Unemployment Insurance Weekly Claims Report: Not an indication of a dynamic job market.
SEASONALLY ADJUSTED DATA I SEASONALLY ADJUSTED DATA In the week ending June 16, the advance figure for seasonally adjusted initial claims was 387,000, a decrease of 2,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 386,250, an increase of 3,500 from the previous week’s revised average of 382,750. The advance seasonally adjusted insured … Continue reading
Keynes’ Economic Possibilities for our Grandchildren
As people in the developed world wonder how their countries will return to full employment after the Great Recession, it might benefit us to take a look at a visionary essay that John Maynard Keynes wrote in 1930, called “Economic Possibilities for our Grandchildren.”… Source: “Labor’s Paradise Lost” by Robert Skidelsky | Project Syndicate.
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