Unemployment

UPDATE – Ageism | Job-hogging over-50s

BBC News – Should job-hogging over-50s all resign? Too few jobs. Rising unemployment, especially for young people. Here’s a radical solution, says commentator on office and workplace life, Lucy Kellaway of the Financial Times (born 1959). Wasting time on the internet recently I came upon a nasty statistic. In the next 10 years, there will … Continue reading →

Spain | Unemployment at record level

New figures show that Spanish unemployment levels have hit record levels, with nearly a quarter of the labour force unable to find work. The news comes hours after the country’s credit rating was cut two notches to “BBB+” by ratings agency Standard & Poor’s. According to the new data released on Friday, unemployment levels hit … Continue reading →

France | Unemployment Worst Since Sept 1999

Unemployment in France surged to its highest level in over 12 years in March, the labor ministry data showed Thursday, days ahead of the Presidential poll. The number of registered job seekers in the country rose to 2.88 million in March, the highest total since September 1999. The jobless total was up 0.6 percent from … Continue reading →

Stiglitz reiterates : Austerity Pushes Europe ‘Suicide’

Europe Pushed to ‘Suicide’ on Austerity, Stiglitz Says – Bloomberg Nobel Prize-winning economist Joseph Stiglitz said Europe is in a “dire” situation as a focus on austerity pushes the continent toward “suicide.” “There has never been any successful austerity program in any large country,” Stiglitz, 69, told reporters in Vienna yesterday. “The European approach definitely … Continue reading →

Wage Growth in the U.S. Will Feel Effects of Great Recession for Years to Come | The Conference Board

The Great Recession has confronted U.S. workers with an extended buyer’s market in jobs, according to a new Executive Action Report from The Conference Board, leading to overall wage growth between 2008 and 2010 that was the weakest since the 1960s. Feeling the Pain: Wage Growth in the United States examines prevailing trends in recent … Continue reading →

Unemployment Insurance Weekly Claims Report : Two in a row dissapointing weeks, not a good sign

SEASONALLY ADJUSTED DATA In the week ending April 21, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 1,000 from the previous week’s revised figure of 389,000. The 4-week moving average was 381,750, an increase of 6,250 from the previous week’s revised average of 375,500. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading →

First generation of employers with no widespread military experience makes finding a job hard for veterans

Matt Pizzo has a law degree, can-do attitude, proven leadership skills, and expertise in communications and satellite technology from his four years in the Air Force. Yet the 29-year-old has been told that he’s overqualified, too old, too “non-traditional,” and that he’s fallen behind his civilian contemporaries. “It was disheartening, to say the least,” he … Continue reading →

China’s Job market | Small companies are confronting growing difficulties

A slowdown in China’s economy has not caused employment woes, officials have claimed, but they also warned of challenges as the country’s small companies are confronting growing difficulties. The country’s urban registered unemployment rate stood at 4.1 percent in the first three months of 2012, according to figures released on Wednesday by the Ministry of … Continue reading →

Ohio | Unemployment benefits | More than 280,000 Ohioans will exhaust their unemployment benefits by December

More than 280,000 Ohioans will exhaust their unemployment benefits by December, according to a report out Wednesday from the Ohio Department on Job and Family Services. The number of people running out of unemployment will reach more than 7,100 by December – with peaks in the months of April (986 people) and December (4,233 people), … Continue reading →

Poland | Unemployment Rate drops to 13.3 pct

Government statistics show that Poland’s unemployment rate dropped slightly to 13.3 percent in March, from 13.5 percent the month before. It was the first drop in the jobless rate since the figure started rising in November… Source: Read More @ Poland’s unemployment drops to 13.3 pct in March – CBS News.

The Reserve Army of Unemployed | 35,000 chase 1,000 jobs at Range Rover

The stark health of the UK jobs market has been highlighted after a car chief revealed his company had seen an avalanche of applications for 1,000 vacancies in only a few weeks. Jaguar Land Rover announced last month that it needed 1,000 more workers at its factory at Halewood, Merseyside, to cope with a surge … Continue reading →

The U.S. Unemployment Map

68% Know a Laid-Off Worker finds Gallup

Sixty-eight percent of Americans say they know someone personally who has been laid off or lost their job in the last six months — the highest in Gallup’s history of asking this question. Source: via Most in U.S. Know a Laid-Off Worker, but Don’t Fear Job Loss.

Number of long-term unemployed older workers is 5 times greater

During the recession and its aftermath, the number of long-term unemployed older workers more than quintupled, the greatest percentage increase out of all age groups, from 325,000 to 1.8 million. In 2011, more than half of older jobless workers were out of work for at least six months. And 4 in 10 older jobless workers … Continue reading →

Job Gap | Europe’s army of ‘underemployed’ nearly 25 million plus 9 million underemployed

Almost nine million people in the European Union were considered “underemployed” in 2011, according to new Eurostat figures. These numbers add to the growing ranks of nearly 25 million unemployed in the EU, highlighting a ticking social time-bomb. Some 42 million workers in the EU were employed part-time in 2011, according to a survey by … Continue reading →