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Category Archives: Employment

Emerging economies have seen an improvement in economic growth, but has this led to an improvement in the jobs market?

Emerging markets are generally considered to be middle-income countries that have been growing or are currently growing and developing quite rapidly. These economies have just been analysed in a new book published by the International Labour Organisation entitled: “The labour markets of emerging economies: Has growth translated into more and better jobs.” Basically the book suggests that benefits to workers … Continue reading

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Job vacancies and skills are often not matching up

Several developed economies are seeing increasing numbers of job vacancies but their unemployment rates are not going down. In some cases, they are even rising. What is happening is that many of the workers who lost their jobs to the economic crisis do not have the skills that the labour market now demands. “These skills mismatches mean that unemployed people … Continue reading

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The UK paradox on employment

In its latest Economic Outlook released this morning, the OECD aims to shed some light on the so-called ‘UK paradox’ of employment rates rising while economic growth remains weak. Today’s Outlook says of the UK : “Although employment grew strongly in 2012, unemployment is expected to rise slightly in 2013, as the subdued recovery and continued uncertainty may make firms … Continue reading

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Nearly 70% now work in the EU’s service sector

Almost 70% of employed persons (which includes both employees and self-employed) in the 27 EU member countries, worked within the service sector in 2011. This was a sharp increase from the 62% recorded in 2000. These figures are according to the Labour Force Survey and have been made available this month by Eurostat. There is a distinction made in the … Continue reading

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Employment divide in Spain

Unemployment in Spain is rising faster in rural areas than in urban centres and is fuelling social unrest, according to the latest statistics produced by ILO’s International Institute for Labour Studies (IILS). The study shows that unemployment in rural areas jumped from just over 8 per cent in 2007 to more than 26 per cent in 2012, while in urban … Continue reading

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The rate of employment in OECD countries is still well below pre-crisis levels

The OECD area employment rate – defined as the proportion of people of working age (those aged 15 to 64) who have a job – was 64.9% in the fourth quarter of 2011, according to new quarterly labour market statistics from the OECD released this morning. This is 1.6 percentage points lower than the 66.5% recorded in the second quarter … Continue reading

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It’s only business investment which can save the economy

This is the substance of an economic forecast just released by the Ernst & Young ITEM Club. Whilst acknowledging that the UK may have been saved from a double dip recession by a ‘loose’ monetary policy, the ITEM Club believes that UK GDP growth will be a dismal 0.4% this year, before rising to 1.5% in 2013 and 2.6% in … Continue reading

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Unemployment rises but could be flattening out

The headline figure shows that UK unemployment rose by 28,000 to 2.67 million in the three months to January, according to figures released today by the Office for National Statistics. This meant that the unemployment rate rose to 8.4% from 8.3% on the quarter, and this is the highest it has been since 1995. On the other hand there were … Continue reading

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Fall in UK unemployment

Unemployment, measured by the Labour Force survey, fell by 36,000 in the three months to March 2011, to reach 2.46m. This is according to official statistics just released by the Office for National Statistics. This means that the unemployment rate was down 0.1 percentage point on the quarter, to reach 7.7%. The number of men unemployed fell by 31,000 to … Continue reading

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Small drop in UK unemployment

The number of people out of work fell by 17,000 to 2.48m in the three months to February according to the Labour Force Survey measurement. The Office of National Statistics also noted that this represented a fall of 0.1 percentage point in the unemployment rate, to reach 7.8%. However, the alternative measure of unemployment, the jobseeker’s allowance or claimant count, … Continue reading

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