Comparing the labour market situation at the outset of the recession with the latest available official data shows that men overall have fared less well than women. By the start of 2012 there were 387,000 fewer men in work (a net fall of 2.4%) than in the first quarter of 2008. By contrast the number … Continue reading
As a series of demographic and economic shifts intensely converge, creating a “Human Age,” a range of population groups are being alienated from work opportunities in the global economy writes ManpowerGroup in Wanted: Energized, Career-Driven Youth. (Adapted excerpts by Job Market Monitor following) Young workers are most affected and have been labeled a lost generation of … Continue reading
IPPR urges ‘job guarantee’ to tackle ‘hidden crisis’ of long-term unemployment Almost a million people will have been out of work for more than a year by the end of 2012, according to new analysis by the think tank IPPR. The think tank is today raising the alarm over the growing number of people who have … Continue reading
The employment rate for those aged from 16 to 64 was 70.4 per cent, up 0.1 on the quarter. There were 29.17 million people in employment aged 16 and over, up 53,000 on the quarter. The unemployment rate was 8.3 per cent of the economically active population, down 0.1 on the quarter. There were 2.65 … Continue reading
The manufacturing and construction sectors have suffered the biggest loss of jobs since the eve of the recession, while finance and business services is the only sector with a bigger workforce today, according to a TUC analysis published today (Tuesday) ahead of a busy week of economic indicators. The TUC analysis looks at industries including … Continue reading
U.S. unemployment, as measured by Gallup on a preliminary basis without seasonal adjustment, declined to 8.2% in mid-April from 8.4% in March. However, the government’s likely seasonal adjustment of 0.3 percentage points leads to a Gallup seasonally adjusted U.S. unemployment rate of 8.5% in mid-April, up from 8.1% last month. Working Part Time but Wanting … Continue reading
Global unemployment remained stable at 8% between 2010 and 2011, according to Gallup surveys in 148 countries. Unemployment was highest in the Middle East and North Africa (22%) and sub-Saharan Africa (17%) last year and lowest in Asia (5%). Countries and territories such as South Africa, Botswana, Swaziland, Iran, Iraq, and the Palestinian Territories — … Continue reading
Young British workers face a “huge challenge” from older and more experienced foreign rivals, Employment Minister Chris Grayling has warned. Chris Grayling said the “deep-rooted problem” meant prospective employees born in the UK were often at a disadvantage when applying for jobs. Business lobby groups have warned that young people were being failed by an … Continue reading
European Union officials are putting the final touches to a detailed economic growth plan they hope to unveil next week. The move comes as investors, spooked by the prospect of a deepening recession in the eurozone’s south, have pushed Spanish borrowing costs to their highest levels for four months. A draft of the 28-page plan … Continue reading
The “official” unemployment rate ticked down to 8.2% in March, and the actual unemployment rate ticked down to 14.8%. That’s nice. Except for the fact that people who are willing & capable of working are leaving the workforce en masse… The number of people not in the labor force is now at an all time … Continue reading
After receiving thousands of rejection letters, 60-year-old Anthony Barlow decided to conduct an experiment. He had been on the dole for more than a year and was becoming convinced his age was the reason. So he responded to a job advert with two applications: one with his real age and another with a date of … Continue reading
Mariya Aleksynska and Martin Schindler provide descriptive statistics showing that there exists substantial heterogeneity in labor market institutions across regions and income groupings, and that much of the sample variation is driven by institutional changes over time in low- and middle-income countries in Labor Market Regulations in Low-, Middle- and High-Income Countries: A New Panel Database published bu imf.org. (Adapted excerpts by … Continue reading
Davide Furceri analyzes unemployment and labor market developments in Algeria and assess the factors that may hamper employment creation in Unemployment and Labor Market Issues in Algeria published by imf.org.(adapted excerpts by Job Market Monitor) He suggests that the relative low output-employment elasticities and rigid labor market are the main factors behind the still high level of unemployment, particularly among the … Continue reading
Older job seekers told members of the state’s Jobs Creation Commission yesterday that career centers have given them the confidence and skills they need to try to re-enter the work force. State Sen. Karen Spilka, D-Ashland, and co-chairwoman of the commission, said at the hearing in Framingham Public Library the importance of career centers — … Continue reading
As recently as 2008 there were fewer than 6,000 18-24 year olds who had been on Jobseekers’ Allowance for more than a year. That number is now just under 50,000 – more than eight times as many. This is not just the recession and its aftermath: after falling back somewhat in the year to May … Continue reading