Topic filter : Unemployment

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....Egypt's economy has been in the doldrums since the economic shock of the revolution in 2011 and the political instability that followed. The youth unemployment rate stands at more than 30%. ... [Read full article on BBC ]
Wednesday 26th of April 2017 11:12:43 PM
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....However, Mr Gardner added that in some respects, the slowdown in price growth was "surprising". "The unemployment rate is near to a 40-year low, confidence is still relatively high and mortgage rates have fallen to new all-time lows in recent months. ... [Read full article on BBC ]
Friday 28th of April 2017 07:25:06 AM
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....3%. This meant that real wages – adjusted for inflation – fell in February for the first time in two and a half years, even though unemployment continues to drop and vacancies are at record levels. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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.... The export sector has failed to offset that domestic drag and GDP figures due this week are expected to show the economy slowed markedly at the start of this year. Still, lending support to those who say May was right to call a vote sooner rather than later, unemployment remains low, the housing market is steady, stock markets are near record highs and business activity continues to rise – albeit at a slower pace. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:38:58 AM
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....This is reflective I suspect of the shift from part-time work being viewed as a bit of a gap-filler role to one that is expected to be more crucial to the operations of the business (though not necessarily meaning a more permanent role). The data does put paid to the common complaint about the unemployment figures that, because people who work just one hour a week are counted as employed, the figures exaggerate the amount of real work. ... [Read full article on Guardian ]
Monday 24th of April 2017 08:00:28 PM
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.... Many fear that artificial intelligence will bring further dislocation, though the situation may not be as dire as some expect. In the 1960s and early 1970s, many believed that computers and automation would lead to widespread structural unemployment. ... [Read full article on Guardian ]
Monday 24th of April 2017 01:03:36 PM
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....The bank, which is Britain’s largest mortgage lender, shrugged off the uncertainty created by Brexit and what António Horta-Osório, chief executive, described as a “challenging” operating environment. “The UK economy continues to benefit from low unemployment and reduced levels of indebtedness, and asset quality remains strong and is stable across the portfolio. ... [Read full article on Guardian ]
Thursday 27th of April 2017 06:33:22 AM
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.... He said his program of tax cuts for individuals and businesses, deregulation and tougher enforcement of trade agreements would double growth to 4% or better. “There are a lot of tailwinds behind consumers going into the spring, including low unemployment, better wage growth, high consumer confidence and record stock prices,” said Mark Zandi, chief economist at Moody’s Analytics. ... [Read full article on Guardian ]
Friday 28th of April 2017 12:54:36 PM
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Latest Finance News related to Unemployment

US economy turns in weakest quarterly performance in three years image
Source : Guardian [Read Article] Friday 28th of April 2017 12:54:36 PM
.... He said his program of tax cuts for individuals and businesses, deregulation and tougher enforcement of trade agreements would double growth to 4% or better. “There are a lot of tailwinds behind consumers going into the spring, including low unemployment, better wage growth, high consumer confidence and record stock prices,” said Mark Zandi, chief economist at Moody’s Analytics. ...
House prices fell again in April, Nationwide says image
Source : BBC [Read Article] Friday 28th of April 2017 07:25:06 AM
....However, Mr Gardner added that in some respects, the slowdown in price growth was "surprising". "The unemployment rate is near to a 40-year low, confidence is still relatively high and mortgage rates have fallen to new all-time lows in recent months. ...
Lloyds profits double to £1.3bn despite PPI and fraud payouts image
Source : Guardian [Read Article] Thursday 27th of April 2017 06:33:22 AM
....The bank, which is Britain’s largest mortgage lender, shrugged off the uncertainty created by Brexit and what António Horta-Osório, chief executive, described as a “challenging” operating environment. “The UK economy continues to benefit from low unemployment and reduced levels of indebtedness, and asset quality remains strong and is stable across the portfolio. ...
Job opportunities image
Source : BBC [Read Article] Wednesday 26th of April 2017 11:12:43 PM
....Egypt's economy has been in the doldrums since the economic shock of the revolution in 2011 and the political instability that followed. The youth unemployment rate stands at more than 30%. ...
Brexit economy: living standards are falling as the snap election looms image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:38:58 AM
.... The export sector has failed to offset that domestic drag and GDP figures due this week are expected to show the economy slowed markedly at the start of this year. Still, lending support to those who say May was right to call a vote sooner rather than later, unemployment remains low, the housing market is steady, stock markets are near record highs and business activity continues to rise – albeit at a slower pace. ...
Full-time a fantasy as Australians work fewer hours than ever before | Greg Jericho image
....This is reflective I suspect of the shift from part-time work being viewed as a bit of a gap-filler role to one that is expected to be more crucial to the operations of the business (though not necessarily meaning a more permanent role). The data does put paid to the common complaint about the unemployment figures that, because people who work just one hour a week are counted as employed, the figures exaggerate the amount of real work. ...
Reacting to technological threats isn't enough – we need to plan for them | Michael Boskin image
.... Many fear that artificial intelligence will bring further dislocation, though the situation may not be as dire as some expect. In the 1960s and early 1970s, many believed that computers and automation would lead to widespread structural unemployment. ...
As more buy clothes online, Walmart eyes a piece of the action image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:00:12 AM
....Since October, more than 89,000 retail positions have been lost. According to some estimates, the sector is on track to lose more stores this year than during the great recession of 2008, its problems accelerating even as a consumer confidence is high and unemployment low, suggesting the changes are systemic and not cyclical. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
.... Inflation has caught up with pay growth, so real incomes of workers are no longer rising. Employment growth has also slowed sharply over the past six months, even though unemployment remains historically low. ...
The Guardian view on the IMF: a global institution in an age of protection | Editorial image
.... Any one of the risks identified by the IMF could trigger a global downturn at a time when the political consequences of the last recession are still reverberating. The IMF fears that a fresh dose of unemployment and a renewed squeeze on living standards would intensify populism, nationalism and protectionism – and it is right. ...
Presidential challenge image
Source : BBC [Read Article] Thursday 20th of April 2017 03:10:40 PM
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
....Looking out to 2022 (which is so far off, that admittedly it is of limited worth), the IMF sees Australia’s growth rarely going above the long-term average of 3%:. The IMF however does predict the unemployment rate will fall below 5% – a much more optimistic outlook than it has had for the past two years:. ...
El Paso: the border city grappling with the ramifications of Trump's proposals image
.... But the city bounced back. The unemployment rate in El Paso was close to 12% when Nafta was signed in 1994 and it is now less than 5%. ...
Trump, trade, interest and aid make for a challenging IMF summit image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
....The IMF and World Bank have previously sought to highlight the potential upsides to those countries receiving large numbers of immigrants and refugees. Young workers arriving in countries with low unemployment rates such as Germany can fill skills gaps and help ease long-term pressures on the state from an ageing population, for example. ...
Falling US retail sales cast doubt on further Fed interest rate rise image
Source : Guardian [Read Article] Friday 14th of April 2017 04:34:01 PM
....The retail sales and inflation data follow news of a sharp slowdown in job creation in the US in March as the poor weather, a government hiring freeze and a faltering retail sector all appeared to put a chill on President Donald Trump’s promise to boost hiring. But the unemployment rate declined to 4. ...
Employment is high, skills are in demand. So why is pay still not rising? | Larry Elliott image
....Looking back, the spring of 2015 was the perfect time for David Cameron to fight a general election. Tumbling oil prices had left inflation at zero and after a couple of years of falling unemployment, annual wage growth was nudging 3%. ...
Living standards in UK fall for the first time since 2014 image
Source : Guardian [Read Article] Wednesday 12th of April 2017 12:14:56 PM
....3% increase in prices. Despite a fresh fall in unemployment and record job vacancies, economists expect the squeeze on real inflation-adjusted wages to intensify over the coming months as the weak pound affects the cost of living. ...
Finally, a breakthrough alternative to growth economics – the doughnut | George Monbiot image
....The most they tend to offer is more economic growth: the fairy dust supposed to make all the bad stuff disappear. Never mind that it drives ecological destruction; that it has failed to relieve structural unemployment or soaring inequality; that, in some recent years, almost all the increment in incomes has been harvested by the top 1%. ...
The Guardian view on productivity: Britain must solve the puzzle | Editorial image
....In 2008 or 2009, when the economy was suffering its worst recession of the postwar era, poor productivity could be seen as a price worth paying. At the time, there were justifiable fears that unemployment was on course to match the 3 million-plus levels of the early 1980s and early 1990s, but the willingness of employees to accept pay freezes and pay cuts meant there were far fewer redundancies than might have been expected. ...
America owes China $1tn. That’s a problem for Beijing, and Trump knows it image
....As Brian Davidson of the US’s Fathom consultancy has pointed out, the Chinese leadership is keen to avoid the social and political unrest a trade war with the US would inevitably bring. Beijing’s willingness to pump the economy full of credit to finance unprofitable investment demonstrates its determination to avoid a sharp rise in unemployment. ...
US unemployment rate falls to 10-year low image
Source : BBC [Read Article] Friday 7th of April 2017 01:08:30 PM
. The US unemployment rate fell to its lowest in almost a decade in March, despite the economy adding a smaller than expected number of jobs. ...
The case for a three-day weekend is clear – let’s start planning now | Caroline Lucas and Jonathan Bartley image
.... And, crucially, redistributing work from the 6 million of us in Britain working more than 45 hours a week to the more than 1. 5 million who are out of work would share prosperity and start to tackle the costs associated with unemployment. ...
Eurozone unemployment rate drops to near eight-year low image
Source : BBC [Read Article] Monday 3rd of April 2017 09:51:42 AM
. The eurozone's unemployment rate has continued to fall, dropping to a near eight-year low in February. ...
Hull after Brexit – will the City of Culture regret voting out? image
Source : Guardian [Read Article] Sunday 2nd of April 2017 02:30:03 PM
....Yet, on the Orchard Park housing estate, talking to people shopping in the small row of shops next to a new health centre (two of which are unoccupied), there is little sign of regret at the vote. A spread of crescents built in the 1960s and 70s to replace inner-city slums and provide ordered modern housing, often for those doing atrociously dangerous work on trawlers, the Orchard Park and Greenwood ward is now the fifth-most-deprived in Britain, with high levels of unemployment and half of its children living in poverty. ...
Greens on three-day weekend plans: 'Bold ideas needed' for UK image
.... . Among other points, the think tank has argued a shorter working week would lower unemployment by redistributing paid and unpaid work more evenly across the population. ...
The lost generation: ‘I’m 30-something and still depressed and broke’ image
....“With the Brexit vote, the old declared war on the young, and the young should respond by giving them the middle finger,” says economist Danny Blanchflower. I called him because he’s one of the people I spoke to in 2010, when he predicted a “lost generation” scarred by unemployment and low wages. ...
Industrial heartland is in no fit state to pump up UK exports image
Source : Guardian [Read Article] Sunday 2nd of April 2017 06:00:46 AM
....It’s certainly true that the average figures for the region are dragged down by the districts of Sandwell and neighbouring Dudley, which have struggled for years with little private investment or government support. Wolverhampton up the road now has a respected university, but this investment in higher education has so far done little to affect youth unemployment in that city. ...
Help us fix Brexit labour shortage with Saturday jobs, say employers image
Source : Guardian [Read Article] Saturday 1st of April 2017 12:23:10 PM
....The government points to the fact that the number of unemployed 16- to 17-year-olds (116,000) stands at a record low. A spokesperson for the DWP said: “The fact is we have one of the lowest youth unemployment rates in the world, and our dedicated Jobcentre Plus colleagues support thousands of young people to get into work every day. ...
Eurozone inflation slows in March image
Source : BBC [Read Article] Friday 31st of March 2017 09:58:08 AM
...."March's sharp slowdown in eurozone inflation was partly driven by temporary factors that will reverse in April, but the big picture is that inflation is now on a downward trend," said Jack Allen, eurozone economist at Capital Economics. "There is little sign that declining unemployment is putting much upward pressure on wages and prices. ...
UK's borrowing binge is worrying the Bank of England image
Source : Guardian [Read Article] Monday 27th of March 2017 02:29:00 PM
.... Why? Because all the ingredients – bar one – are now in place for a traditional UK credit boom-bust. The economy is slowing, real incomes have started to fall, the housing market has run out of steam and unemployment is projected to start rising. ...
Apprenticeship levy will deepen north-south divide, IPPR says image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
.... It is clear to see that young people outside of London and the south-east face a much harder time finding a first job or training opportunity – particularly those not going on to university. “It is extraordinary then that the government has not analysed the regional impact of its new apprenticeships policy, which is likely to boost investment in training precisely in those areas where employment is higher, such as in London and the south-east, leaving unemployment hotspots in the north-east or Yorkshire with proportionately less funding. ...
Populism is the result of global economic failure image
Source : Guardian [Read Article] Sunday 26th of March 2017 01:23:10 PM
....To take just the last of these four pillars, the idea was that trade unions and minimum wages were impediments to an efficient labour market. Collective bargaining and statutory pay floors would result in workers being paid more than the market rate, with the result that unemployment would inevitably rise. ...
Why Scott Morrison needs to ignore armchair treasurers before the budget | Greg Jericho image
....Cutting government services under the guise of cutting waste works a lot better when people’s incomes are rising and job security is high. At the moment, we have record low wage growth, full-time employment lower now than it was 12 months ago and the unemployment rate rising. ...
How one council is beating Britain's housing crisis image
Source : Guardian [Read Article] Saturday 25th of March 2017 07:00:02 AM
....SHC is a partnership between Sheffield council, housebuilder Keepmoat and Great Places Housing Group, which will manage the affordable rented homes. It wants to restore publicly funded housing to areas that thrived during the 1950s public-sector housing boom but suffered when the steel and coal industries went into decline and unemployment rose in the 1970s and 80s. ...
Eurozone growth nears six-year high, survey data suggests image
Source : BBC [Read Article] Friday 24th of March 2017 11:16:57 AM
....There's the scar of Greece. There's persistent unemployment, especially among young people. ...
Brexit economy: UK faces squeeze on living standards image
Source : Guardian [Read Article] Friday 24th of March 2017 10:30:30 AM
.... But signs of a slowdown are now emerging as higher prices put pressure on companies and consumers alike. Nine months on from the referendum, the Guardian’s monthly tracker of economic news shows inflation is at its highest level for more than three years, retail sales have lost momentum and pay growth has slowed significantly despite the lowest unemployment rate for more than a decade. ...
Robots to affect up to 30% of UK jobs, says PwC image
Source : BBC [Read Article] Friday 24th of March 2017 08:56:39 AM
.... . The UK is near record-low levels of unemployment and so outsourcing more repetitive tasks to robots could free up people to do more valuable work, the report found. ...
Low UK interest rates 'hurt productivity but saved jobs' image
Source : BBC [Read Article] Monday 20th of March 2017 08:03:10 PM
. Years of ultra-low UK interest rates probably hit productivity, but were a price worth paying to avoid higher unemployment, the Bank of England's chief economist has said. ...
Blurred lines? image
Source : BBC [Read Article] Monday 20th of March 2017 12:02:25 AM
....Providing insurance is no longer a mere money-spinner for governments. It is regarded as a core priority to help citizens manage some of life's biggest risks - unemployment, illness, disability and ageing. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
....The former prime minister David Cameron two years ago coined the phrase “jobs miracle” to describe Britain’s economic recovery: an expression that has stuck among defenders of Conservative economic policy. On the surface of it, last Wednesday’s employment figures were just the latest round of good news: unemployment is now at its lowest level since 1975. ...
Aberdeen wrestles with hard choices as independence looms again image
Source : Guardian [Read Article] Saturday 18th of March 2017 03:59:43 PM
....The trade body’s figures show numbers employed by the industry in the UK fell from 453,800 to 330,400 between 2014 and 2016. Scotland makes up 38% of the total workforce, and unemployment rates in Aberdeen went up by a quarter during the slump. ...
If big business is to thrive, it needs a strong welfare state | Phil McDuff image
....If what we want is a flexible economy where capitalist creative destruction produces real innovation and productivity growth, we need to insulate workers from downsides of that destruction. Calls for increased flexibility are also admissions that unemployment isn’t the fault of individual workers being lazy but of firms responding to macroeconomic conditions. ...
MPC member calls for interest rates to rise image
Source : BBC [Read Article] Thursday 16th of March 2017 11:52:03 PM
...."Monetary policy should not go on hold," Ms Forbes wrote in an opinion piece in the Daily Telegraph. Ms Forbes, who is due to leave the Bank in June, said raising rates would lessen the risk of above-target inflation, and boost an improved outlook for unemployment and UK output. ...
Bank of England keeps UK interest rates on hold as it warns on inflation image
Source : Guardian [Read Article] Thursday 16th of March 2017 12:10:58 PM
....0% target for at least three years. Minutes from this week’s policy meeting showed Forbes also felt that “the weakness in activity expected since the referendum had not materialised” and that unemployment “showed no signs of increasing”. ...
US Federal Reserve raises interest rates to 1% in bid to hold off inflation image
....Gus Faucher, the deputy chief economist at the stockbroker PNC, said: “I think the concern, in terms of why the Fed is raising rates now, is that inflation is picking up. The unemployment rate is 4. ...
UK unemployment falls to joint lowest rate since 1975 but wages stall image
Source : Guardian [Read Article] Wednesday 15th of March 2017 11:27:55 AM
....8% headline rate of inflation and the lowest rate of wage growth since February last year according to the Office for National Statistics. Pay prospects weakened despite a fall in Britain’s unemployment rate to its joint lowest level since 1975. ...
Q&A: What will happen if the Federal Reserve raises US interest rates? image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:08:31 PM
....The US economy has grown for the last 30 quarters and shows no sign of slackening off. Consumer spending is robust and the latest jobs numbers showed employment increasing and unemployment staying low. ...
Greek activists target sales of homes seized over bad debts image
Source : Guardian [Read Article] Saturday 11th of March 2017 08:00:29 AM
....“Poor people can’t afford lawyers, rich people can,” says Ilias Papadopoulos, a 33-year-old tax accountant who feels so strongly that he has been turning up at the court to orchestrate the protests with his eye surgeon brother, Leonidas, for the past three years. “We are here to protect the little man who has been hit by unemployment, hit by poverty and cannot keep up with mortgage payments. ...
US jobs report means Fed rate hike is a bolt-on certainty image
Source : Guardian [Read Article] Friday 10th of March 2017 03:03:04 PM
....It certainly seems unlikely that next Wednesday’s rise will be the end of the matter. The report from the Bureau of Labour Statistics showed employment up by more than the 190,000 expected by Wall Street and unemployment at 4. ...
US jobs growth strengthens case for March rate rise image
Source : BBC [Read Article] Friday 10th of March 2017 01:36:59 PM
....US businesses added 235,000 jobs in February, exceeding economists' forecasts of about 200,000. The Bureau of Labor Statistics said on Friday that the unemployment rate had also edged lower to 4. ...
'This is grossly unfair': self-employed readers react to NICs increase image
Source : Guardian [Read Article] Thursday 9th of March 2017 02:21:03 PM
....Increasing NICs for the self employed is grossly unfair. I have not been entitled to any unemployment benefit for over 25 years, because I manage my savings to be able to ride out the peaks and troughs of self-employment. ...
Trump's border tax could damage the US a lot more than a wall | Kenneth Rogoff image
.... It is thoroughly unrealistic to assume that a border tax will quickly lead to a sharp offsetting movement of the dollar. The process could take many years, and the short-term effects on US unemployment easily could be negative. ...
Budget 2017: NHS, families, cars - your questions answered image
Source : BBC [Read Article] Wednesday 8th of March 2017 05:14:18 PM
....Paul McCabe asks: "How does the rise in NIC for the self-employed bring parity when the employed have access to paid holiday and sickness pay?". In reality there will never be full "parity" between the status of the employed and the self-employed, who don't get unemployment benefit, let alone sick pay or paid holidays. ...
Hopeful Britons counting on 2017 property boom image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 12:01:00 AM
....7 per cent last quarter and 4. 8 per cent unemployment is an 11-year low. ...
Gender pay gap in 'reverse' for some ethnic groups image
Source : BBC [Read Article] Monday 6th of March 2017 03:57:19 PM
....But he said that black Caribbean men and women were more likely to experience discrimination in the workplace. "They have more difficulties in the labour market as a whole and we know men's unemployment rate is higher," he said. ...
Greece desperate for growth strategy as public mood darkens image
Source : Guardian [Read Article] Sunday 5th of March 2017 04:54:18 PM
....“What Greece needs is a shock of growth,” the country’s deputy prime minister Yannis Dragasakis told the Guardian ahead of a crucial cabinet meeting on Monday. “We will meet to discuss a new growth strategy that will focus solely on boosting investment and reducing unemployment to pre-crisis levels, that is to say 8% in the next 10 years. ...
Memo to bosses: expect zero loyalty from your zero-hours workers | Barbara Ellen image
....Only last week, DPD delivery drivers spoke of how they are often forced to find replacements for their own shifts or face a fine. This suggests an ongoing climate of not so much unemployment as under-employment, with people scrabbling to get by on unreliable inadequate incomes, while official government unemployment figures are kept artificially low. ...
Every time we take an Uber we’re spreading its social poison | Laurie Penny image
.... A great many people feel they have no option but to be complicit. Uber grew in the social sludge of American cities with patchy and precarious public transport provision and high unemployment. ...
Eurozone inflation above European Central Bank's target image
Source : BBC [Read Article] Thursday 2nd of March 2017 11:32:34 AM
....". Separate figures from Eurostat found that the unemployment rate in the eurozone remained unchanged at 9. ...
When will Britons get a pay rise? image
Source : Guardian [Read Article] Sunday 26th of February 2017 03:05:50 PM
....Last week MPs asked four Bank policymakers how they could be so wrong year after year. They asked the question after the Bank’s monetary policy committee revised down the natural level of unemployment from 5% to 4. ...
Federal Reserve may raise US rates 'fairly soon' image
Source : BBC [Read Article] Wednesday 22nd of February 2017 10:25:49 PM
....However, Fed officials appear divided on the timing of a rise amid uncertainty over Mr Trump's policies. "Several'' expressed fears that unemployment could fall substantially below the Fed's 4. ...

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