Showing posts from October, 2013

Unemployment rises in North West while national figures drop

Figures released by the Office of UK National Statistics last week show that 294,000, or 8.6 per cent of, people in the North West are unemployed.

This is contrary to the national trend where the total number of people in employment is now at a new record high and the North West TUC believe this shows just how hard hit the region is.

Lynn Collins, NW TUC regional secretary, said: “The North West is feeling the effects of the government’s austerity agenda. It’s clear proof that more needs to be done and that the government’s plans just aren’t working.

“Despite cutting public sector jobs and the slow growing economy that isn’t creating the jobs the government predicted, the Coalition seems to have run out of ideas. We need an alternative economic model that delivers good sustainable jobs and we need a jobs guarantee for every unemployed young person.

“A rise in unemployment comes on top of a cost of living …

Unemployment fell nationally, but it’s still 10 percent or more in 28 metro areas

The national unemployment rate dropped a tenth of a percentage point from August to September to 7.2 percent, but nearly 30 metropolitan regions are still suffering from high unemployment.

The elevated unemployment in those areas is a feature of what has been an uneven recovery in many ways. While 28 metro areas had unemployment at or above 10 percent, 41 others had rates below 5 percent in August, according to new government data that came out Monday. The upshot is that most of metropolitan areas tracked by the Bureau of Labor Statistics — 311 of the 372 — saw unemployment decline from the year before.

The nation's 49 most-populous metro areas — those with a population of one million or more — followed a similar trend. Most saw unemployment decline, while only five saw unemployment increase.

California was home to the most metro areas with unemployment at or above 10 percent. Nearly half — 13 of 28 — were…

October Jobs Report -US: Sluggish Economic Progress at Best

The partial government shutdown delayed the release of the October jobs report by the Bureau of Labor Statistics. The headlines were that total nonfarm payroll employment rose by 148,000 jobs in September, and the unemployment rate was roughly 7.2 percent, down a statistically insignificant 1 percent from August’s 7.3 percent. Unemployment for Asians was 5.3 percent, for whites 6.3, Latinos 9.0, and blacks 12.9 percent.

Overall, it looked like nothing much changed in September. There were still 4.1 million Americans who have been jobless for 27 weeks or more, classified as long-term unemployed. The civilian labor force participation rate was still around 63.2 percent, and the number of people working part-time for economic reasons; that is, classified as involuntary part-time workers, was 7.9 million. The average workweek was also pretty much unchanged at 34.5 hours.

With the jobs numbers all but assured to sh…

Analyzing IT Security Employment Stats

The numbers are statistically unreliable because the sample size for information security analysts is extremely small. Yet, BLS economists suggest aggregating four quarters worth of data to create an annualized figure - still technically unreliable - is more dependable than just a single quarter's result. For well over a decade, I've analyzed BLS IT and IT security employment data and found that to be a good indicator of the labor market. They're far from precise, but they do provide a reasonable portrait of employment condition.

Stats Suggest Dip in Workforce Size

Here's what the numbers show on an annualized basis:

In the third quarter of 2013, BLS categorized 53,500 workers in the United States, including 51,500 employed and 2,000 out of work, as IT security analysts, resulting in an IT security unemployment rate of 3.7 percent, the same rate for the entire IT occupation.

The IT securit…

French September Jobless Figures to Rise after Computer Error in August

PARIS--France's Labor Minister warned Wednesday that the country's jobless figures will show an increase in September as there was an error in the data for August because of a computer bug which prevented the inclusion of many jobseekers from the statistics.

Employment figures for September, scheduled for release Thursday, "won't be good for a very simple reason: as you well know, in August there was a statistical incident related to a bug at SFR, which has increased the decline in August and will boost the increase in September," Michel Sapin said Wednesday in an interview with local radio Europe1.

SFR, a mobile phone operator owned by Vivendi SA (VIV.FR), said last month there had been a problem in the sending of text and vocal messages used by the unemployment agency to remind job seekers to update their status. As a result of the bug, many unemployed people were removed from the stati…

Migrants not a drain on economy: UNESCO Reports

Migrants are not a drain on urban economies but provide cheap labour, thus contributing to the country’s gross domestic product in a significant, though unrecognised, manner, a report released by the UNESCO on Thursday said.

According to the National Sample Survey organisation, as much as 30 per cent of India’s population, or 326 million people, are internal migrants as of 2007-08. Of this 70.7 per cent are women.

Interestingly, Tier-II cities have a larger migrant population than the metro cities, which are seen as the top draw for migrants. Leading the race, a huge 58 per cent of the population in Surat is made of migrants, closely followed by Ludhiana (57 per cent), Faridabad (55 per cent), Nashik (50 per cent) and Pune (45 per cent). Mumbai and Delhi each have about 43 per cent migrants.

With cities remaining hostile towards internal migrants, this poorly-paid population faces a number, including, “lack of…

Indians get visa-free or VoA access in 52 nations

London: British citizens enjoy the widest range of visa-free travel in the world, being able to visit 173 countries with just a passport, while Indians get visa-free or visa-on-arrival access in 52 countries.

The UK citizens are at par with those from Finland and Sweden for visa-free access, according to Henley & Partners Visa Restriction Index.

Nine out of the top ten in the index are European Union countries, with the tenth being the United States.

India figures 74th on the list while Afghanistan comes at the bottom of the table, with only 28 countries available for entry without visa. Iraqi passport holders can go to 31 countries while Pakistan and Somalia are tied at the third from the bottom with 32.

According to passport information from the International Air Transport Association (IATA), 52 countries and territories provide visa-free or visa-on-arrival access to holders of Indian passports.
Twenty-eight countries and territories are accessible visa-free.

Where visa-free acc…