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The U.S. Employment Stats

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This post first appeared onFloatingPath The unemployment rate (U-3) decreased in November to 7.0% from 7.3% in October while the broader unemployment rate (U-6) decreased to 13.2% from 13.8%. The labor force participation rate increased to 63.0% from 62.8%.The employment-population ratio increased to 58.6% from 58.3%.The labor force participation rate among all men increased in November to 69.4% from 69.2% in October. October reading was the lowest participation rate on record.The labor force participation rate among all women increased to 57.0% from 56.9%.Among production and non-supervisory employees, average weekly hours worked increased to 33.7 from 33.6 last month. Average hourly earnings increased to $20.31 from $20.28, making average weekly earnings of $684.45 from $681.41 last month.The average duration of unemployment decreased in November to 37.2 weeks compared to 36.1 weeks in O…

US payrolls change by industry Nov 2013

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This post first appeared onFloatingPathThe job gains this month were fairly well spread across industries.Mining and Logging: +0k payrolls compared to +3k last month.Construction: +17k payrolls compared to +12k last month.Manufacturing: +27k payrolls compared to +16k last month.Wholesale Trade: +6.8k payrolls compared to -8.1k last month.Retail Trade: +22.3k payrolls compared to +45.8k last month.Transportation: +30.5k payrolls compared to +3.1k last month.Information Services: -1k payrolls compared to +4k last month.Financial Activities: -3k payrolls compared to +7k last month.Professional Services: +35k payrolls compared to +38k last month.Education: +40k payrolls compared to +40k last month.Leisure and Hospitality: +17k payrolls compared to +49k last month.Other Services: +4k payrolls compared to +4k last month.Government: +7k payrolls compared to -14k last mo…

+203k jobs were added in November in US

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This post first appeared onFloatingPathThe U.S. Bureau of Labor Statistics reports in its employment situation release this morning that +203kjobs were added in November. The October job gains were revised up to +200k.

US Employment situation snapshot Nov 2013

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This post first appeared onFloatingPath

London's unemployment rate falls again

The London area’s unemployment rate continued to fall in November, hitting 7.5 per cent, the lowest point in almost four years.

Statistics Canada released their monthly report Friday on the nation’s unemployment rate, including major cities.
But the figure for the London-St. Thomas area, although it drops the region below those with the highest rates in the province, may not be as positive as it seems at first glance.

In fact, according to Statistics Canada last month about 2,400 people dropped out of the local job market.
It's a trend John Griffiths, a career counsellor at the Goodwill Career Centre, is seeing first hand.

"People are finding work, so there's some real aspect to the reduction in the employment rate, but it's always a complicated number and it's partly about people who are withdrawing from the labour market, partly about people who are leaving London to find work as we…

Strong UK Employment Figures

The latest employment data from the Office for national Statistics shows employment up and unemployment down.

There were 29.95 million people in employment aged 16 and over, which is up 177,000 from April to June 2013 and up 378,000 an a year ago.

The employment rate for those age 16 to 64 was 71.8%, which is up 0.3 percent from April to June 2013 and up 0.6 percent from a year earlier.

The unemployment rate for the economically active was 0.2 percent down on April to june 2013 at 7.6 percent and the number of unemployed 16-64 year olds had decreased 69,000 to 8.92 million, which is 149,000 lower than a year ago.
Nida Ali, economic adviser to the EY ITEM Club, commented:

“Today’s strong figures for the labour market show a sharp increase in employment and fall in unemployment on both the ILO measure and the claimant count. The labour market momentum has picked up further, supporting other strong econ…

Statistics on severity of labour crisis do not tally

ACCORDING to Statistics South Africa’s employment figures released last month, the unemployment rate fell sharply from 25.6% to 24.7% in the third quarter of this year. During the quarter, 308,000 more people were employed than in the previous quarter, with the formal sector contributing most of these jobs.

Stats SA adds that a further 114,000 people left unemployment, with large numbers expressing newfound hope about their prospects of finding work. According to the report, the improvement is not a once-off event: Stats SA’s Quarterly Labour Force Survey (QLFS) indicates that employment rose in seven of the past nine quarters.

According to Stats SA’s report, employment has risen from 13-million at the bottom of the 2010 recession to more than 14-million this year — a gain of more than 1-million jobs. But we know that economic growth slowed from 4% to 1.7% a year over the same period. Moreover, since 2008, the…

Pennsylvania's statistics on jobs related to gas drilling raise questions

HARRISBURG - It might sound good as a campaign claim, especially if you're trying to take credit for it: The Marcellus shale natural gas industry supports more than 200,000 jobs, goes an online ad for Gov. Tom Corbett. Then there's what Corbett said in his first re-election campaign speech: "The energy industry in Pennsylvania is now supporting the livelihoods of over 200,000 people and their families."

The statistic comes from a state Department of Labor and Industry report, whose authors don't exactly make the same claim. It is the agency's estimate of employment at Pennsylvania businesses in 36 different lines of work that have some sort of relationship to the exploration of the Marcellus shale, the nation's largest-known natural gas reservoir.

That number was about 232,000 at the end of March, an increase of roughly 31,000 over the four years that drilling has boomed in the …

No limit on Indian students in UK, need to watch immigration: Cameron

Seeking to allay the concerns of students looking to pursue education in the UK, British Prime Minister David Cameron Thursday said there was no limit on the number of Indian students in his country, although he did add that they needed to keep a tab on immigration.

"There is no limit on the number of Indian students in Britain... What is needed is genuine students who have genuine British university admissions," Cameron said in an interaction in Delhi.

Although the number of students going to Britain to study had swelled to 60,000 in 2009, that figure has come down and the country is now attracting the more genuine students.

Stressing on the need for stricter immigration controls, which was not been there in the last 10 years, Cameron said students should be aiming to work in graduate jobs and not any other jobs.

"I think people will understand that for a country like Britain, much smaller…

Saudi police clash with foreign workers after visa raids

RIYADH: Saudi Arabian police clashed with foreign workers in a poor district of Riyadh on Saturday, nearly a week into a visa crackdown in which thousands have been detained and one man killed by police.

Security forces in riot gear fired into the air and used truncheons to disperse large crowds as scores of men ran through the streets, some throwing stones and other objects at cars and police, according to Reuters witnesses.

Two people were killed of which one was a Saudi while the other one was unidentified, the Saudi police said in a statement later on Saturday after it detained 561 people involved in the disturbances in the Manfuhah neighborhood of southern Riyadh.

The police added that 68 people were injured. Most of the foreign workers involved in the clashes appeared to be Africans.

Unemployment rate still at 6.9 per cent: Statistics Canada

Canada’s jobless rate remained unchanged at 6.9 per cent as the economy created a moderate 13,200 jobs in October, Statistics Canada reported Friday.

It was the second month in a row Canada’s jobless rate has been below 7 per cent, its lowest level since the Great Recession five years ago. On the other hand, the U.S. jobless rate nudged higher, to 7.3 per cent from 7.2 per cent, according to a separate household survey. However, that was seen mainly due to the impact of the government shutdown, as 80,000 federal workers went on temporary furlough for 16 days.

Canada’s steady performance was largely overshadowed by unexpectedly strong U.S. job creation data - the U.S. economy added 204,000 jobs, double the consensus estimate, as manufacturing, business services and retail all made solid gains, the U.S. Labor Department said.

Toronto stocks rose while the Canadian dollar slipped against a higher U.S. dollar…

Jobless rate steady but expected to fall

The Australian economy added just 1,100 jobs in October, but recent retail spending and housing data could be a sign improvement is on the way.

October's unemployment rate was steady at 5.7 per cent, after the September rate was revised up from 5.6 per cent, the Australian Bureau of Statistics said on Thursday. The Australian dollar dropped by about half a US cent when the jobs data was released, below 95 US cents. This is a clear hike in unemployment rate as an year ago the unemployment rate was 5.3 per cent.

AMP chief economist Shane Oliver said the labour market has been disappointing over the past few months.

"The jobs market remains very weak," he said.

"The weakness in the labour market is highlighted by a continuing switching in jobs from full time to part time as companies seek to contain costs."

Full time employment fell by 27,900 in October, while part time employmen…

UK scraps visa bond scheme ahead of PM David Cameron's visit to India

In a major relief for travellers from Asia and Africa, the UK has scrapped its controversial 3,000-pound "security visa bond" for some "high-risk" foreign visitors.

"The Government has been considering whether we pilot a bond scheme that would deter people from overstaying the visa. We have decided not to proceed," a spokesperson for the British Home Office said Sunday.

The move comes ahead of Prime Minister David Cameron's third visit to India in last two years on November 14.

Cameron, who will make a day-long visit before heading to Sri Lanka to attend Commonwealth Heads of Government Meeting (CHOGM) on November 15-16, will hold talks with Prime Minister Manmohan Singh on key bilateral and regional issues.

India, which was one of the countries targeted with the bond, had expressed its concern to the UK government both at the ministerial and official levels.

The vis…

India moves towards paperless immigration

India is drawing up a list of trusted travellers who will not have to provide immigration details and fill forms to go abroad. It would set up an automated border control (ABC) mechanism, a replica of the US global entry programme but tailored to suit Indian needs, at international airports, said officials.

The decision was made after the US offered to include India in its trusted travellers programme during the recent visit of Prime Minister Manmohan Singh.

After the visit, a proposal was mooted by the Bureau of Immigration in conjunction with worldwide global travel practices. It was discussed with the ministry of home affairs and civil aviation authorities at a meeting to finalise modalities for what will be referred to as e-gate or ABC. However, if the US is too intrusive the list may not be shared with it, it was suggested at the meeting.

The facility will initially help trusted travellers and will be …

Saudi Arabia visa crackdown: Foreign workers stay home

The streets of the Saudi capital Riyadh were unusually quiet on Monday as many expatriates stayed at home to avoid the start of a government crackdown on illegal foreign workers.

Building sites were deserted, Riyadh's stuttering rush-hour traffic flowed smoothly and many shops and market stalls were closed in normally busy neighbourhoods that are home to large numbers of Saudi Arabia's lower-income foreign community.

The government of the world's top oil exporter has promised raids on businesses, markets and residential areas to catch expatriates whose visas are invalid because they are not working for the company that 'sponsored' their entry into the kingdom.

In the Riyadh Industrial Zone, where many workers are foreigners, most shops were closed on Monday morning, according to a witness who said he saw a dozen people scurry for cover when they heard a police siren from a nearby road.

Over 2,000 Nigerians overstaying in India

AS Nigeria expressed concern over the safety of its nationals in India, government data shows ensuring this will not be an easy task.

More than 2,000 Nigerians are currently illegally overstaying in India and it won't be easy to track them down, said officials.

According to the data maintained by the Foreigners Regional Registration Office (FRRO) under the Bureau of Immigration (BOI), as many as 2,235 Nigerians are illegally staying in the country, the highest among all the African nations.

Sudan comes second, with 1,406 nationals overstaying in India after the expiry of their visa.

A total of 5,931 people from the African continent are living in India without proper authorisation papers.

Officials said a sizeable number were lodged in prisons across the country.

The data was collected after scrutinising the travel and visa details of 82 immigration check posts all over India, which cater to inte…

Decrease in the unemployment rate in South Africa and Ireland

Stats: Unemployment lower than expected

Johannesburg - The decrease in the unemployment rate to 24.7 percent in the third quarter of 2013, from 25.6 percent in the second quarter, is below market expectations, an economist said on Tuesday.

“Although the unemployment rate declined, meaningful and sustained job creation that brings unemployment down to single digits will remain restricted,” said Investec economist Kamilla Kaplan.

“Expanding the definition of unemployment to include those individuals who desire employment regardless of whether they were actively seeking work at the time the survey was conducted, yields a substantially higher unemployment rate of 35.6 percent.”

Kaplan said weak economic growth prospects, labour market inefficiencies, and an insufficient rate of small business formation all contributed to the restriction.

Statistics SA (Stats SA) announced on Tuesday that the unemployment rate dropp…

Singapore's Q3 job market tight

SINGAPORE, Oct 31 (Bernama) -- The job market in the third quarter of 2013 stayed tight, as unemployment declined amid fewer layoffs, according to the Ministry of Manpower.

Employment creation remained high, though it moderated from the previous quarter.

These are the key preliminary findings from the "Employment Situation, Third Quarter 2013" report released by the Ministry of Manpower's Research and Statistics Department.

The report said unemployment remained low, reflecting strong manpower demand.

Preliminary estimates showed that the seasonally adjusted overall unemployment rate was 1.8 per cent in September 2013, down from 2.1 per cent in June 2013.

Similarly, the seasonally adjusted unemployment rate decreased over the quarter from 2.9 per cent to 2.6 per cent for residents and from 3.1 per cent to 2.8 per cent for Singapore citizens.

Employment growth was driven mainly by service…

More than a quarter of young Australians not in full-time work or study

More than a quarter of those aged 17 to 24 in Australia are not in full-time work or full-time study, according to report on education outcomes across Australia’s states and territories (by Council of Australian Governments (COAG)), reveal a difficult transition from school to employment.

In some states, like Queensland, South Australia and Tasmania, that figure edged closer to one in three. And among young people from disadvantaged backgrounds, that figure was above 40%.

The Australian Chamber of Commerce and Industry said the release highlights “the immediate need for a concerted effort by both state and national governments to boost youth employment and put skills development integrated with work for young Australians back on the national agenda”.

The number of young people in full-time work or employment has declined 1.2% since COAG last looked at the issue in the relative boom-times of 2006. Even the…

Germany's 10 best gap year jobs

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Oktoberfest: Experience the thrill of the Oktoberfest by working in one of its huge beer tents. The work will be hard and hectic but the tips are often huge and it only lasts for a couple of weeks. It also looks like an incredible workout.



More than a quarter of young Australians not in full-time work or study

More than a quarter of those aged 17 to 24 in Australia are not in full-time work or full-time study, according to report on education outcomes across Australia’s states and territories (by Council of Australian Governments (COAG)), reveal a difficult transition from school to employment.

In some states, like Queensland, South Australia and Tasmania, that figure edged closer to one in three. And among young people from disadvantaged backgrounds, that figure was above 40%.

The Australian Chamber of Commerce and Industry said the release highlights “the immediate need for a concerted effort by both state and national governments to boost youth employment and put skills development integrated with work for young Australians back on the national agenda”.

The number of young people in full-time work or employment has declined 1.2% since COAG last looked at the issue in the relative boom-times of 2006. Even the…

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