Topic filter : Unemployment

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....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. ... [Read full article on BBC ]
Monday 20th of March 2017 12:02:25 AM
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.... Even here they face difficulties: a refugee who applied for a job cleaning toilets was ultimately rejected by the local Bureau of Employment on the grounds that “a native-born German could do the same job”. By that criterion, many of the refugees invited to Germany will continue to languish in unemployment. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:00:27 AM
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....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”. ... [Read full article on Guardian ]
Thursday 16th of March 2017 12:10:58 PM
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. 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. ... [Read full article on BBC ]
Monday 20th of March 2017 08:03:10 PM
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...."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. ... [Read full article on BBC ]
Thursday 16th of March 2017 11:52:03 PM
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....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. ... [Read full article on Guardian ]
Saturday 18th of March 2017 03:59:43 PM
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....In 1981, the global economy was adjusting to the two oil price shocks of the 1970s. The US was in recession and unemployment and inflation were high. ... [Read full article on Guardian ]
Sunday 19th of March 2017 06:59:01 AM
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....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. ... [Read full article on Guardian ]
Friday 17th of March 2017 08:59:05 AM
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....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. ... [Read full article on Guardian ]
Sunday 19th of March 2017 12:05:01 AM
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Latest Finance News related to Unemployment

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. ...
'The economy looks set to be slowing again' – experts debate Brexit watch data image
.... So UK inflation could quite soon move up towards 3% and possibly higher as these price rises come through to retailers and consumers. Meanwhile, the labour market data continues to point to slowing employment growth, even though unemployment remains historically very low. ...
Brexit economy: can consumers keep shoring up the UK? image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 10:41:44 AM
.... Businesses are also feeling the pressures of the weak pound more intensely as it ramps up the cost of imported raw materials and energy while failing to provide the anticipated boon for exporters. Eight months on from the referendum, the Guardian’s monthly tracker of economic news shows business activity across a broad range of sectors has lost momentum, retail sales have fallen for three straight months and pay growth has slipped back despite the lowest unemployment rate for more than a decade. ...
Greek debt: will EU and IMF finally offer light at the end of the tunnel? image
Source : Guardian [Read Article] Wednesday 22nd of February 2017 07:00:27 AM
....The crux of the dispute between the IMF and EU is a European demand for Greece to maintain a budget surplus of 3. 5% for a decade from 2018, a feat few governments in the world have managed, much less one in a country with a 23% unemployment rate. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
....Laith Khalaf of advisers Hargreaves Lansdown says yields of 5% are available, but there is a risk to your capital. “The big risk is that borrowers don’t pay back their loans, and while these delinquency rates are low at the moment, so are interest rates and unemployment, which helps make debt more affordable. ...
Is this the end of UK's retail boom? image
Source : Guardian [Read Article] Sunday 19th of February 2017 01:32:28 PM
....If the past was any guide to the present, wage inflation would already be accelerating. The last time unemployment was as low as it is now was in 2005 when average earnings were growing at annual rate of 4%. ...
Is Finland’s basic universal income a solution to automation, fewer jobs and lower wages? image
.... He has been selected to take part in an experiment being run by the Finnish government, in which 2,000 unemployed people between the ages of 25 and 58 will receive a guaranteed sum – a “basic income” – of €560 a month for two years. It replaces their unemployment benefit, but they will continue to receive it whether or not they find work. ...
‘From bad to worse’: Greece hurtles towards a final reckoning image
Source : Guardian [Read Article] Sunday 19th of February 2017 12:05:16 AM
....”. This is the irony of Syriza, the leftwing party catapulted to power on a ticket to “tear up” the hated bailout accords widely blamed for extraordinary levels of Greek unemployment, poverty and emigration. ...
Brexit vote begins to bite as rising food and fuel bills hit retail sales image
Source : Guardian [Read Article] Friday 17th of February 2017 12:51:52 PM
....Economists warn consumer spending will come under further pressure this year as wage growth struggles to keep ahead of inflation, squeezing people’s incomes in real terms. Jobs market data this week showed wage growth slowed at the end of last year despite unemployment remaining at its lowest rate for more than a decade. ...
Automated holidays: how AI is affecting the travel industry image
Source : Guardian [Read Article] Friday 17th of February 2017 06:00:02 AM
....Gunstone believes AI can boost loyalty by helping hoteliers know more about their customers, in order to better meet their needs and win repeat business. We will see “technological unemployment”, says Professor Ryan Abbott, professor of law and health sciences at the University of Surrey, but if a chatbot gives hotel recommendations based on reviews and your preferences, rather than plugging a relative’s place, maybe that’s for the best,. ...
Missing wage rises give lie to picture of full employment | Larry Elliott image
Source : Guardian [Read Article] Wednesday 15th of February 2017 11:49:11 AM
....Britain has all the hallmarks of a full-employment economy. The employment rate is at a record level, unemployment is at its lowest in more than a decade, and the percentage of women working is at its highest since modern records began. ...
UK employment growth driven by foreign nationals, figures show image
Source : Guardian [Read Article] Wednesday 15th of February 2017 10:46:10 AM
.... The employment rate among women hit 70% for the first time since records began in 1971. The chancellor, Philip Hammond, tweeted: “Encouraging labour market stats out today; record high employment rate and youth unemployment at its lowest level for more than 12 years. ...
Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:35:18 PM
....The Democratic senator Sherrod Brown asked Yellen about Trump’s plans to cut regulation by imposing a new rule that for every new regulation introduced, two must be cut. “Does it make sense to remove two consumer protections for every new consumer protection?” Other Democrats asked about the lack of diversity at the Fed and what the bank could do about the still disproportionately high rates of unemployment for African Americans and Native Americans. ...
European commission upgrades growth forecast for UK economy image
Source : Guardian [Read Article] Monday 13th of February 2017 06:07:26 PM
....The commission’s outlook for the jobs market was also mildly positive. Eurozone unemployment was expected to drop from 10. ...
Sub-prime cars: are car loans driving us towards the next financial crash? image
Source : Guardian [Read Article] Friday 10th of February 2017 03:29:36 PM
....Another worry is “delinquencies”, which refer to falling into default or arrears on a loan. If the economy tanks, as either interest rates, unemployment or inflation rises, then the ability of millions of people to keep up their loan repayments will fall, and impairments will balloon. ...
Devil-may-care investors fall under spell of Trump-mania image
Source : Guardian [Read Article] Thursday 9th of February 2017 02:31:01 PM
.... He has ruled out debt relief, saying the solution for Greece lies in the government making further cuts in pensions and benefits. This untenable position, which ignores 25% unemployment and endemic corruption, was then undermined further by a simple untruth. ...
Grexit? Greece again on the brink as debt crisis threatens break with EU image
Source : Guardian [Read Article] Friday 3rd of February 2017 02:36:32 PM
....Bereft of growth and battered by cuts and tax increases, Greeks have become poorer and ever more cognizant of their own insolvency in a state where sovereignty exists in little more than name. One in three now live below the poverty line and unemployment hovers around 23%. ...
US economy adds 227,000 jobs in January – the best figures since September image
.... January marked the 76th consecutive month of job gains, the best on record. And the unemployment rate, at 4. ...
Bank of England faces fresh embarrassment as tears up its forecasts | Larry Elliott image
....The upshot of the faster growth is that the outlook for jobs has improved. The Bank has cut its forecast for unemployment in 2017 by half a percentage point to 5%, unchanged from its pre-Brexit estimate. ...
US jobs growth in January is strongest since June, report finds image
Source : Guardian [Read Article] Wednesday 1st of February 2017 03:47:20 PM
....The figures suggest that job gains have accelerated after a sluggish patch in the second half of last year. With the unemployment rate already low, at 4. ...
UK faces return to inequality of Thatcher years, says report image
Source : Guardian [Read Article] Tuesday 31st of January 2017 11:26:31 PM
....The Resolution Foundation’s study found that the current parliament would be the worst for living standards for the poorest half of households since comparable records began in the mid-1960s and the worst since the early years of Thatcher’s 1979-90 premiership for inequality. Since its sharp increase in the early 1980s – a period of high unemployment, factory closures and a cut in the top rate of tax from 83% to 60% – inequality has broadly remained flat. ...
Retreat from globalisation will destabilise the world economy | Mohamed El-Erian image
....Perhaps the most obvious example is the 2008 global financial crisis. The result of excessive risk-taking and lax regulation in the advanced economies, the financial system’s near-meltdown disrupted global trade, threw millions into unemployment, and almost tipped the world into a multi-year depression. ...
Statisticians fear Trump White House will manipulate figures to fit narrative image
....It’s not the first time the president’s team has questioned public data. In August, the then presidential candidate described the Bureau of Labor Statistics (BLS) unemployment numbers as “phoney”, claiming: “The 5% figure is one of the biggest hoaxes in American modern politics. ...
Final US growth figures under Obama are a triumph – for Trump  | Larry Elliott image
....Donald Trump, therefore, has a much easier inheritance than Obama, who came into office with the US suffering its biggest slump since the Great Depression. Obama’s first job in 2009 was to stop the bleeding: halt the rise in unemployment and stop businesses going bust. ...
Jobcentre staff at risk amid plans to close one in 10 offices image
Source : Guardian [Read Article] Thursday 26th of January 2017 03:10:11 PM
....“The DWP is cutting off its nose to spite its face, it seems to me,” he said. “It’s true that unemployment has been falling, but jobcentres have been given new tasks under universal Credit to help people find work. ...
UK GDP growth shows consumers spending despite Brexit worries | Larry Elliott image
....A better explanation for the robust performance of the economy is that consumers have carried on spending. The factors that underpinned domestic demand ahead of the referendum – low unemployment, rising house prices and rock-bottom interest rates – are still in place. ...
UK labour market shows signs of slowing image
Source : Guardian [Read Article] Wednesday 18th of January 2017 10:32:28 AM
....org, said the employment figures also revealed tumbling levels of self-employment, part-time working and employment of temporary workers, who had borne the brunt of the slowdown. “Don’t be fooled by headline news of falling unemployment and higher wage growth. ...
Bank of England ‘keeping close eye on consumer spending’, says Carney image
....25% in August to shore up confidence and limit job losses in the wake of the EU referendum in June. The Bank chose to risk allowing inflation to overshoot its 2% target in order to limit the effects to unemployment, he said. ...
Politicians have ignored the working class for too long | Phil McDuff image
Source : Guardian [Read Article] Monday 16th of January 2017 10:00:20 AM
.... Someone with skill at cherrypicking can use figures which are “true” in one narrow sense of the word to give an entirely incorrect impression of reality. While the government boasts about the lowest unemployment in a decade or some other isolated figure, closer analysis reveals deep systemic problems. ...
Five minute guide to the surge in the UK stock market image
Source : Daily Express [Read Article] Sunday 15th of January 2017 12:01:00 AM
....”. Guy Stephens, technical investment director at advisers Rowan Dartington, says low unemployment and robust consumer confidence should keep the UK upbeat, provided politicians work hard to make a success of Brexit: “However, there will be considerable political point scoring in between, driven by egos, which will do little for the man in the street. ...
ILO warns of rise in social unrest and migration as inequality widens image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:00:07 PM
. Rising unemployment, inequality and a lack of decent jobs have helped fuel a rise in social unrest that threatens to intensify unless policymakers take swift action, the UN’s labour agency has warned. ...
Give robots 'personhood' status, EU committee argues image
Source : Guardian [Read Article] Thursday 12th of January 2017 03:52:53 PM
.... “Fragmented regulatory approaches would hinder implementation and jeopardise European competitiveness,” it continues. It also addresses the risk that overly competitive robots could result in large-scale unemployment, and calls for the “serious” examination of a general basic income as one possible solution. ...
Austria to ask EU for right to hire locals ahead of other EU workers image
Source : BBC [Read Article] Thursday 12th of January 2017 01:02:15 AM
....He was speaking in Wels, run by the far-right Freedom Party (FPOe). Fears over immigration and unemployment have put the FPOe ahead in the polls. ...
Wage hikes at Aldi and Lidl are welcome news. But don’t get too excited | Peter Fleming image
.... Should workers really base their entire economic wellbeing on the hope that employers will aggressively compete with each other to hire them? Of course not. Neoliberal economics is predicated on a degree of unemployment. ...
Obama's labour market report card: not bad, could have done better image
Source : Guardian [Read Article] Friday 6th of January 2017 03:17:51 PM
.... The squeeze on real wages has meant the gap between rich and poor has continued to widen. If the comparison is with other developed countries, the US does better, at least in terms of job creation and unemployment. ...
US wage growth shows Trump will inherit solid labour market image
Source : Guardian [Read Article] Friday 6th of January 2017 03:07:43 PM
.... But earlier months’ figures were revised to show 19,000 more jobs were created than previously thought and pay growth was stronger than expected. Payroll employment rises by 156,000 in December; unemployment rate changes little (4. ...
US jobs growth slows to 156,000 during December image
Source : BBC [Read Article] Friday 6th of January 2017 02:39:54 PM
....Some of the figures for that eight-year period look pretty good. Eleven million more people with jobs, and the unemployment rate down from 7. ...
What’s wrong with spending your benefits on prosecco? Nothing | Phil McDuff image
....“Unemployment,” he continues, “is an endless misery that has got to be constantly palliated. ” The disagreement on this issue is not on the misery of poverty and unemployment, but on the idea that alleviating that misery is a good thing. ...
UK credit binge approaching levels not seen since 2008 crash image
Source : Guardian [Read Article] Wednesday 4th of January 2017 01:41:55 PM
....9bn on October. Last month the Bank said some households were highly indebted and might struggle as unemployment rose, and separate data showed British households saved the lowest portion of their incomes since 2008 during the three months after the EU referendum. ...

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