Job Market Monitor
Unemployment
Prime Aged American Men | From over 80 percent at work to less than 3 in 4
The percentage of Prime Aged American Men Without Disability (PAAM) who are employed is one of the best labor market indicator.
Who Is the Most Unemployed?
As the recent recession and recovery have demonstrated, the storms and lulls in the labor market are rarely felt evenly among its participants. A variety of factors, including education and industry concentration, mean that some groups will remain vulnerable to job losses. However, as the economic recovery gains speed, the employment prospects for all workers should continue to improve. Continue reading
Ontario | Job training excludes half of unemployed
Making employment supports available to all job-seekers would level the playing field and help the province’s neediest escape poverty, says Ontario’s social services review commission, headed by Frances Lankin and Munir Sheikh. The commission’s final report, to be released in June, will also include recommendations on how to improve the administration of the province’s two … Continue reading
Skills Gap | Will It Chill a Warming Job Market?
According to the Society for Human Resource Management’s Jobs Outlook Survey for the second quarter of 2012, 58 percent of respondents have some level of confidence in the U.S. labor market and expect job growth for the April-to-June 2012 time frame. That’s up sharply from 34 percent of respondents in the fourth quarter of 2011. … Continue reading
Unemployment Stat | Tea Party | Can we call this the “truth in government statistics” law?
There are lies, damn lies and then there are the unemployment statistics given to us by the Obama Regime. If you believe the unemployment numbers the Obama Regime is giving us, I have some ocean front property in Nashville I would like to sell you. However, if at least one Republican (Rep. Duncan D. Hunter … Continue reading
Vets Unemployment : 10.3%
On Friday, the Bureau of Labor Statistics released Veteran unemployment data for the month of March. The unemployment rate for one closely watched group, Iraq and Afghanistan-era Veterans (or Gulf War II-era Veterans), was 10.3 percent. While this reflects a higher number than in February, the trend over the past 27 months—since January 2010—remains downward … Continue reading
Greeks | Unemployment | The greatest fear
Unemployment is the Greeks’ number one fear for the future, according to an ALCO opinion poll appearing in the latest issue of Crash magazine. Specifically, 42 percent of those questioned said that unemployment was their biggest fear for the future, in a nationwide poll sampling 1,200 adults from March 20 to 27. The second most … Continue reading
U.S. | From Unemployment Insurance to Employment Insurance
Pennsylvania millionaire Gene Epstein’s Hire Just One project proposes redirecting unemployment checks to employers as a payroll subsidy reports Newsy. via Newsy | Philanthropist Pitches Jobs Plan to Congress | Multisource Video News Analysis.
Job Report | There is more work to be done says the White House | Bernanke is Right
The Employment Situation in March | The White House There is more work to be done, but today’s employment report provides further evidence that the economy is continuing to recover from the worst economic downturn since the Great Depression. It is critical that we continue to make smart investments that strengthen our economy and lay a … Continue reading
Employability : what does it mean ?
The Centre for Employment Studies Research – CESR’s Review present in its January issue (downloadable), Nick Wilton which deciphers for his reader the different meaning of employability. “The term ‘employability’ has gradually permeated the national consciousness, increasingly used across a variety of policy areas including higher education, social welfare and public finance. However, despite its … Continue reading
U.S. | Businesses add a disappointing 120,000 jobs in March
U.S. | BLS Commissioner’s Statement on the Employment Situation (Adapted excerpts by Lab Market Monitor) Nonfarm payroll employment rose by 120,000 in March, and the unemployment rate, at 8.2 percent, changed little. Over the prior 3 months, nonfarm job growth had averaged 246,000 per month. Since a recent low point in February 2010, payroll employment has … Continue reading
Unemployment Claims | Still Falling
In the week ending March 31, the advance figure for seasonally adjusted initial claims was 357,000, a decrease of 6,000 from the previous week’s revised figure of 363,000. The 4-week moving average was 361,750, a decrease of 4,250 from the previous week’s revised average of 366,000. The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week … Continue reading
Who loses in the Great Recession? Those groups who lost in the recessions of the 1980s
“The labor market decline during Great Recession and its aftermath has been both deeper and longer than the early 1980s recession—indeed, the longest and deepest since the Great Depression” write Hilary Hoynes, Douglas L. Miller, and Jessamyn Schaller in Who Suffers During Recessions? published on econ.ucdavis.edu. (Adapted excerpts by Job Market Monitor follow) The labor market effects of the Great … Continue reading
Canada | Labour Market roars back in March
Following four months of little change, employment increased by 82,000 in March, mostly in full-time work. This brought the unemployment rate down 0.2 percentage points to 7.2%. Compared with 12 months earlier, employment was up 1.1% or 197,000. Almost all of this growth was in full-time employment, up 181,000 (+1.3%), while part-time employment edged up. The total number of hours worked rose 1.6% over the same period. … Continue reading
U.S. | Odds of finding a job decreases substantially with the length of time spent searching
“The length of time the jobless spent searching for work before finding a job increased from 5.2 to 10.4 weeks between 2007 and 2010, edging down to 10.0 in 2011; for the unemployed who eventually quit lookingand left the labor force, duration also increased sharply between 2007 and 2011, from 8.7 to 21.4 weeks” write Randy E. … Continue reading
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