Job Market Monitor
Unemployment
More than half graduates not working or underemployed
The college class of 2012 is in for a rude welcome to the world of work. A weak labor market already has left half of young college graduates either jobless or underemployed in positions that don’t fully use their skills and knowledge. Young adults with bachelor’s degrees are increasingly scraping by in lower-wage jobs — … Continue reading
Unemployment Rate | Decline in 30 states
This graph shows the current unemploymentrate for each state (red), and the max during the recession (blue). Every state has some blue – indicating no state is currently at the maximum during the recession. The states are ranked by the highest current unemployment rate. Only three states still have double digit unemployment rates: Nevada, Rhode … Continue reading
Korea | 70,000 Korean Chinese Face Job Loss
Around 70,000 ethnic Koreans from China working here face the end of their temporary employment visas. Korea opened its doors to ethnic Koreans mostly from China in 2007 to make up for a shortage of workers here in so-called 3D — dirty, dangerous and difficult — jobs. But the four-year, 10-month work visas start to … Continue reading
Europe suffocates in unemployment – The Pravda
In early 2012, many analysts were predicting the imminent resumption of the recession in Europe. Against the backdrop of the worsening debt problems of Greece and Spain, the economic performance indicators in the EU for the first quarter were not the best. Now, the united Europe is threatened by a new attack: unemployment growth does … Continue reading
Canada | Delaying OAS won’t keep skills in the labour force for long, sedentary and stressful jobs
The long, sedentary and stressful hours behind the wheel take a serious toll on truck drivers. In North America the average trucker dies at 61 years of age comments Linda Hall from Vancouver .They are lucky to see 65, much less 67. Nurses work 12-hour shifts, often graveyard shifts, on their feet all day, lifting and moving … Continue reading
UK Job Gap summed up in one chart
Yesterday I wrote that the ‘recovery’ in the labour market was driven part-time and precarious work and marked by falling real wages writes Duncan Weldon. The chart below sums up many of the outstanding issues: Source: Read more @ Our jobs problem summed up in one chart | Liberal Conspiracy. Related article Job Gap | 600 … Continue reading
Canada | Job growth set to dry up says the Conference Board
“The trends just aren’t that strong,” Mr. Antunes said in an interview. “We’re still looking at soft job creation.” After a loss of 2,800 jobs in February and losses in two of the final three months of 2011, an increase of the magnitude witnessed in March is unsustainable, the board said. The board’s projection for … Continue reading
Extended UI Benefits Ending In Washington and Oregon
Thousands of long-term unemployed workers in the northwest will soon lose unemployment checks. It’ll happen this weekend in Oregon; two weeks later in Washington State but likely not for several more months in Idaho. The federal government won’t pay for extended benefits anymore because the jobless rates have improved. Washington and Oregon’s employment departments announced that … Continue reading
UPDATE – Bridge to Work | Experiments with unemployment insurance keep benefits to recipients in job training
Turning the Unemployment Program into a Reemployment Program – Official Press Release by DOL Two months ago, the President signed the Middle Class Tax Relief and Job Creation Act of 2012. That legislation extended the vital payroll tax cut and federal unemployment insurance programs that have been so crucial for American families and to the continued … Continue reading
UK | Record numbers forced into part-time working
The number of unemployed men fell by 43,000 to reach 1.51 million but the number of unemployed women increased by 8,000 to reach 1.14 million, the highest figure since the three months to November 1987. Despite the fall in unemployment,the Jobseeker’s allowance (JSA) claimant count rose by 3,600 in March – the highest total since … Continue reading
Bridge to Work | Experiments with unemployment insurance keep benefits to recipients in job training
The Obama administration is looking for states that will experiment with unemployment insurance programs by letting people test a job while still receiving benefits. The plan is a key feature of a payroll tax cut package that President Barack Obama negotiated with congressional Republicans in February. The Labor Department will open the application process Thursday … Continue reading
Unemployment Insurance Weekly Claims Report : Disappointingly Stable
SEASONALLY ADJUSTED DATA In the week ending April 14, the advance figure for seasonally adjusted initial claims was 386,000, a decrease of 2,000 from the previous week’s revised figure of 388,000. The 4-week moving average was 374,750, an increase of 5,500 from the previous week’s revised average of 369,250. The advance seasonally adjusted insured unemployment rate was 2.6 percent … Continue reading
Arab world | Unemployment ‘at least 16 pct’ after uprisings
Unemployment in the Arab World will be at least 16 per cent in the wake of last year’s uprisings, according to a top official in the Arab Labor Organization (ALO). Mohamed Sherif Dawood was speaking at the opening session of a two-day conference on labour issues that started in Cairo on Wednesday, titled ‘Employment for … Continue reading
Canada | A national strategy aimed at finding jobs for unemployed centrally managed
An under-reported aspect of the federal budget is the Harper government’s plan to modify unemployment programs in order to better match workers with employers struggling with labour shortages. The strategy will increase retraining for unemployed Canadians, while making it more difficult for employers to hire workers from aboard when unemployed Canadians are available. Those facts … Continue reading
Job Trends – Despite Sluggish Growth, Labor Markets in Developing Countries Continue Their Gradual Recovery
In a sample of developing countries, growth in the fourth quarter of 2011 slowed amidst considerable economic uncertainty. Figure 1 shows median growth rates of output, employment, wages, and the median unemployment rate for 11 countries with complete series on all four indicators. Median growth in gross domestic product (GDP) weakened slightly over the fourth … Continue reading
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