Job Market Monitor
Unemployment
UK | Surprise Job Market Positive Results
(ONS Press Release) – For January to March 2012: • The employment rate for those aged from 16 to 64 was 70.5 per cent, up 0.2 on the quarter. There were 29.23 million people in employment aged 16 and over, up 105,000 on the quarter. The quarterly increase in employment was entirely due to more part-time workers. • … Continue reading
Harmonised Unemployment Rates stable at 8.2% in March for OECD
The OECD area unemployment rate was stable at 8.2% in March 2012, the same level recorded since February 2011. This flatness is largely the result of increasing rates in some euro area countries being offset by declines in North America. The euro area unemployment rate rose by 0.1 percentage point to 10.9% in March, 3.6 … Continue reading
Canada | Best two-month employment gain in three decades
Employment increased by 58,000 in April, mostly in full-time work. This was the second consecutive month of notable gains after four months of little change. With more people searching for work, the unemployment rate increased by 0.1 percentage points to 7.3%. Compared with 12 months earlier, employment was up 1.2% or 214,000. All of the growth over the 12 months was in full-time work, up 217,000 (+1.6%), while … Continue reading
200,000 Long-Term Jobless Americans lose unemployment benefits
More than 200,000 long-term jobless Americans will lose their unemployment checks this week, when eight states roll off the federal extended benefits program. Nearly half of them live in California, and the rest reside in Florida, Illinois, North Carolina, Colorado, Connecticut, Pennsylvania and Texas. The federal extended benefits program has provided the jobless with up … Continue reading
Unemployment Insurance Weekly Claims Report : An insignificant drop but might indicate a return to a declining trend
SEASONALLY ADJUSTED DATA In the week ending May 5, the advance figure for seasonally adjusted initial claims was 367,000, a decrease of 1,000 from the previous week’s revised figure of 368,000. The 4-week moving average was 379,000, a decrease of 5,250 from the previous week’s revised average of 384,250. The advance seasonally adjusted insured unemployment … Continue reading
Australia | Unemployment rate at 4.9% : 12-month low as people stop looking for a job
TREND ESTIMATES (MONTHLY CHANGE) Employment increased to 11,484,200. Unemployment decreased to 614,200. Unemployment rate steady at 5.1% from a revised March 2012 rate. Participation rate steady at 65.2% from a revised March 2012 rate. Aggregate monthly hours worked increased to 1,624.1 million hours. SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE) Employment increased 15,500 (0.1%) to 11,501,000. Full-time … Continue reading
The overlapping structural problems
There are several overlapping structural problems writes David Brooks on NYTimes.com. The country is divided when different people take different sides in a debate. The country is really divided when different people are having entirely different debates. That’s what’s happening on economic policy. Many people on the left are having a one-sided debate about how to deal … Continue reading
Focus on jobs, not the budget deficit says Krugman
Paul Krugman has a simple message for U.S. policymakers: Forget about the country’s huge budget deficit. It can be fixed over the next decade. Focus instead on the much more immediate problem of mass unemployment. “It’s not true we’re going over a cliff on fiscal problems,” the Nobel Prize-winning economist said in an interview with … Continue reading
Unemployment rate would be 7.1% without government job cuts
As investment in training of the long-term unemployed is decreasing with budget constraints, everything seems to be made to pump more long-term unemploymed in the reserve army we wrote in Disinvestment in Education In North America. The WSJ takes a look at what would happen in the U.S. if there were no Government Cuts. The unemployment rate … Continue reading
It will take until 2020 to close the Job Gap
U.S. jobs growth may have picked up earlier this year, offering the millions of unemployed hope that better days are ahead. But once again, the government’s monthly unemployment report comes with disappointing news. In April, the nation’s employers created 115,000 positions, after adding 154,000 in March, the Labor Department reported Friday. This was less than … Continue reading
Unemployment Rate Falling No Matter How You Measure It says DOL
No matter how one measures it, the unemployment rate has been steadily falling. In fact, since August of last year, the headline unemployment rate has dropped by one percentage point from 9.1% to 8.1%, and we know that about 70% of that drop is due to people finding work and not due to people leaving … Continue reading
Colleges Majors With Low Unemployment – Yahoo! Education
if you’re thinking of going back to school, here are some degrees you may want to consider. Degree #1 – Health Care Administration Degree #2 – Criminal Justice Degree #3 – Accounting Degree #4 – Marketing and Communications Degree #5 – Information Technology (IT). Source: Read More @ Colleges Majors With Low Unemployment – Yahoo! Education.
Where the jobless rate is going down : Walker County, Ga
As the United States grapples with stubbornly high unemployment, there’s one part of the country where the jobless rate is plummeting. Walker County, Ga., population, 68,756. As manufacturing strengthened in the area, Walker’s unemployment rate shaved off more than three percentage points in only 15 months, and is still falling fast. “We have actually seen … Continue reading
Srinking Labor Force | Women are pouring out of the job market
Among the new employment figures the Labor Department released Friday morning is an obscure one that’s ripe for politicking: the labor force participation rate. It measures the percentage of the population age 16 and above who are actually working. The labor force participation rate fell last month to 63.6 percent, its lowest level since 1981. … Continue reading
Skrinking Labor Force Participation | Unemployment rate would be 11.1% or even 13.1%
If the same percentage of adults were in the workforce today as when Barack Obama took office, the unemployment rate would be 11.1 percent. If the percentage was where it was when George W. Bush took office, the unemployment rate would be 13.1 percent. Source: Read More @ The incredible shrinking labor force – The Washington Post.
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