Job Market Monitor
Unemployment
New Zealand | Unemployment rate up at 6.7pc
New Zealand’s unemployment rate unexpectedly rose to 6.7pc in the first quarter after the labour force swelled to a three-year high as more people started looking for work in what’s been a tight jobs market. The kiwi dollar fell after the data was released. The unemployment rate rose 0.3 percentage points to 6.7 per cent … Continue reading
Unemployment Insurance Weekly Claims Report : A good drop after two dissapointing weeks, but rises some concern
SEASONALLY ADJUSTED DATA In the week ending April 28, the advance figure for seasonally adjusted initial claims was 365,000, a decrease of 27,000 from the previous week’s revised figure of 392,000. The 4-week moving average was 383,500, an increase of 750 from the previous week’s revised average of 382,750. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
Nine Countries at or near full employment
Earlier this month, polling agency Gallup released its 2011 global unemployment statistics for 148 countries. Of the nations Gallup surveyed, nine had unemployment rates below 5%. The majority are in Asia, with the remainder in central or eastern Europe. 24/7 Wall St. reviewed these nine countries to determine the underlying causes of their extremely low … Continue reading
Italy : Unemployment Rate Rises To 9.8% and To 35.9% For The 15-24
Italy’s unemployment rate increased for the seventh consecutive month in March to its highest level in at least nine years, data released by the statistical office ISTAT revealed Wednesday. The seasonally adjusted jobless rate rose to 9.8 percent from February’s 9.6 percent, which was upwardly revised from the 9.3 percent reported earlier. The latest jobless … Continue reading
German unemployment down to 7.0 percent not following Eurozone
As Euro area unemployment hits record high, Germany’s unemployment rate fell to 7.0 percent last month with less than 3 million registered as jobless — the best April value in 20 years, official figures showed Thursday. Germany’s labor agency says the country’s unemployment rate slipped from 7.2 percent in March thanks to the continuing traditional springtime … Continue reading
Euro area unemployment hits record high
Europe’s Unemployment statistics – March 2012 – Euro area unemployment rate at 10.9%, EU27 at 10.2% The euro area (EA17) seasonally-adjusted unemployment rate was 10.9% in March 2012, compared with 10.8% in February. It was 9.9% in March 2011. The EU27 unemployment rate was 10.2% in March 2012, stable compared with February. It was 9.4% in March 2011. Eurostat estimates that 24.772 million men … Continue reading
Scholl to work transition : lessons from around the world
In a well documented paper, David Raffe, from University of Edinburgh, tells us that : The processes and outcomes of education-work transitions vary across countries and these differences tend to persist over time Institutional differences which create different national ‘logics’ largely explain these differences System reactions to pressure and theirs impacts vary. His General findings Where … Continue reading
UPDATE – A jobs-centered approach to African American community development
The crisis of African American unemployment requires federal intervention writes Economic Policy Institute. Even when the national economy is good, however, conditions for African Americans are typically bad. Federal intervention to aid African American community development is necessary for the following reasons: African Americans still reside mainly in separate and unequal communities. In 2010, in the … Continue reading
The personnal unemployment cycle
Unemployment gets worse before getting better, then it gets worse again, finds U of M study Being unemployed is roughest early on and then again after you’ve been out of a work for months, the study finds. A new study co-authored by Connie Wanberg, associate dean at the University of Minnesota’s Carlson School of Management, … Continue reading
Extended unemployment benefits to expire in Florida
A Floridian who loses his job this year will be eligible for 74 weeks of unemployment benefits, instead of the 99 weeks available during the recession. This is the last week that Florida residents will be able to apply for up to 20 weeks of extended benefits, paid by the federal government, the Florida Department … Continue reading
Israel’s revised jobless rate goes up
Israel’s move to bring its economic statistics in line with leading Western countries has led to a far bleaker picture of its jobs market, undermining claims that the country is riding through the global crisis with relative ease. The Central Bureau of Statistics on Monday unveiled a new employment survey – a reworking of past … Continue reading
At The Root Of the Global Job Gap | Finance and economic growth delinked
The neglect of credit and debt in economic theory continues to produce muddled policy thinking. Take the tendency to protect banks lock, stock and barrel, at huge costs. The mantra is that if we let banks go bankrupt, that will ruin the economy. This is a nifty inversion of the truth: it is precisely the … Continue reading
1/3 of unemployed in eurozone are from Spain
Fears for Spain’s ‘imploding’ economy grew yesterday as figures revealed that one in four people in the country are out of work. The figure – 24.4 per cent – is so high it means that one jobless person in three inside the eurozone is Spanish. Unemployment in the country now tops 5.6million – its highest … Continue reading
Unemployment in the U.S. | What Can Policy Do?
The U.S. labor market has been reeling since the onset of the Great Recession in December 2007. Public concern has largely focused on the unemployment rate, which rose to double digits and has stalled at more than 8 percent. This rate is unacceptably high, and macroeconomic policy efforts have been unsuccessful in bringing it down write Robert … Continue reading
Brazil | Unemployment rate higher but a record low for the month
Brazil’s jobless rate rose slightly more than expected in March but still marked a record low for the month, adding evidence that the local labor market remains strong to underpin a nascent economic recovery. Brazilian unemployment rate rose to 6.2 percent in March before seasonal adjustments, from a previously reported 5.7 percent in February, the … Continue reading
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