Job Market Monitor
Unemployment
Netherlands | Long-term unemployement increases dramatically among lower educated
During the past two years, the number of people who were unemployed in the Netherlands for twelve months or more has risen noticeably: from 91 thousand in 2009 to 139 thousand in 2011. Long-term unemployment is much more frequently found in the age category 25-45 and among lower educated. Young people are often unemployed only … Continue reading
Education still matters for unemployment
Despite gains in employment, uneducated workers are still three times more likely to be unemployed than college-educated workers. According to the latest report from the Bureau of Labor Statistics, the unemployment rate was 8.2% in March, which is a large improvement over the near-record high of 10.2% two years ago. While unemployment rates have improved for most workers, the … Continue reading
Employer Tax Credits May Be a Useful Policy Tool
The 2007 Expansion of the Work Opportunity Tax Credit (WOTC) Program Increased Employment Among Disabled Veterans concludes Paul Heaton in The Effects of Hiring Tax Credits on Employment of Disabled Veterans published by rand.org. (adapted excerpts by Job Market Monitor to follow) Among the myriad federal programs available to assist unemployed veterans, few have been subjected to the rigorous empirical evaluation … Continue reading
U.S. CONGRESSIONAL BUDGET OFFICE | How To Respond to Persistently High Unemployment
The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. CBO projects that the unemployment rate will remain above 8 percent until 2014. The share of unemployed people who have been looking … Continue reading
U.S. IT Jobs Return to 2008 Level
Tech-related jobs in the U.S. have recovered back to their pre-recession levels, with total people employed in IT above 4 million again, according to data in the Bureau of Labor Statistics’ surveys of U.S. households in the first quarter of this year. U.S. IT employment is at an estimated 4.04 million, according to the first … Continue reading
Unemployment Claims | Up by 13,000 to two-month high
UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT – SEASONALLY ADJUSTED DATA In the week ending April 7, the advance figure for seasonally adjusted initial claims was 380,000, an increase of 13,000 from the previous week’s revised figure of 367,000. The 4-week moving average was 368,500, an increase of 4,250 from the previous week’s revised average of 364,250. … Continue reading
Australian unemployment steady at 5.2% and seasonally adjusted employment expanded strongly in March, increasing by 44,000 (well above all market expectations) and employment to a record level
Australia’s unemployment rate held steady at 5.2 per cent in March, data showed Thursday, beating expectations, while 44,000 jobs were created — almost eight times the number forecast. The news sent the Australian dollar high against the greenback on receding expectations of an interest rate hike. The Australian Bureau of Statistics (ABS) said the seasonally … Continue reading
OECD | Unemployment rate was broadly stable 8.2% since January 2011
The OECD area unemployment rate was 8.2% in February 2012, and has remained broadly at this level since January 2011. But the euro area unemployment rate rose by 0.1 percentage point (for the eighth consecutive month) to 10.8% in February, maintaining a record high since the start of the global financial crisis. The unemployment rate … Continue reading
New Hampshire | Job Program | Giving a chance to try out jobs that were not considered
More than 12 million Americans are out of work, according to the U.S. Department of Labor. Looking for a job similar to the one that was lost can be a frustrating and futile exercise, but an employment program in the northeastern state of New Hampshire gives the unemployed a chance to try out jobs they … Continue reading
UK | Manufacturers favour of older workers over school leavers
New research shows employers in manufacturing and engineering are far less likely to offer opportunities to inexperienced young people – whom they would have to train up and supervise more – when there are plenty of “job-ready” older people available to do the work due to Britain’s rising unemployment toll. The admission from industry employers … Continue reading
Unemployment Insurrance | At least 12 states will lose eligibility for extension
Until recently, if you lost your job you could claim unemployment insurance for up to 99 weeks according to the state government. Lately, however, unemployment insurance has undergone some drastic changes for the worse as more Americans struggle to find jobs. Many states will lose 20 weeks’ worth of benefits and claimants will be faced … Continue reading
Africa | Young and unemployed: A time-bomb
The highest percentage of the unemployed masses is youths. According to the Africa Development Indicators report released by the World Bank, youth unemployment is at 83 percent in Uganda. About 256,700 youths can’t find jobs every year in Uganda. Sacrifices made behind the scenes Many parents have paid the price. In the past, most felt … Continue reading
Teen Jobs Offer More Than Spare Cash, Expert Says : NPR
A quarter of U.S. teens between ages 16 and 19, who are looking for work, can’t find it. Michael Saltsman of Employment Policies Institute says teen unemployment isn’t just about buying pizza on Friday nights. The cash teens earn is often essential for supporting themselves and their families. Saltsman speaks with host Michel Martin. MICHEL … Continue reading
Slow Job Recovery | Low-Wage Jobs to Be Blamed
Slower-than-expected employment growth in March 2012 has brought the halting pace of economic recovery into sharp focus again. Nearly three years since the recession officially ended in June of 2009, 12.7 million people are still out of work and unable to find a job—a figure that rises to 22.8 million if workers who have given … Continue reading
Canada – A Widening Skills Gap
A fault line is splintering Canada’s labour market into those who can’t find work and those who can’t find workers. There’s no shortage of people looking for work. Some 1.4 million Canadians are unemployed, the jobless rate is still above pre-recession levels and youth unemployment is nearly 14 per cent. Despite this, employers across the … Continue reading
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