Knoema.com - Labor http://knoema.de 2024-01-25T13:53:12Z /favicon.png Knoema ist ihre persönliche Wissensdatenbank US Unemployment Forecast 2021-2026 | Data and Charts //knoema.de/ennihcf/us-unemployment-forecast-2021-2026-data-and-charts 2024-01-25T13:53:12Z Alex Kulikov knoema.de://knoema.de/user/1847910
US Unemployment Forecast 2021-2026 | Data and Charts

(14 June 2021) In 2020, the US unemployment rate averaged 8.1%, the highest annual rate since 2012. In January and February of last year, the unemployment rate in the United States stood at a 50-year low of 3.5%, but unemployment soared to 14.7% in April 2020 due to mass layoffs resulting from the COVID-19 pandemic. US unemployment declined steadily in the second half of last year and has continued a gradual downward trend this spring. In May 2021 it reached 5.8%, which is 56% lower than the year before and equals the unemployment level of 2014. Here are the US unemployment rate projections from the four leading sources:According to the economic projections of the Federal Reserve, the unemployment rate in the US will average at 4.5% by the end of 2021 and pursue its fall in 2022 and 2023, reaching  3.8% and 3.5% levels correspondingly.The International Monetary Fund (IMF) projects that the unemployment rate will decrease to 5.8% in 2021 and continue to fall in the following two years, hitting the pre-pandemic level of 3.7% in 2023.The Organization for Economic Cooperation and Development (OECD) in its current Economic Outlook expects the rate of unemployment to drop to 5.6% in 2021 and then remain on a downward trend, falling to 4.3% by 2022.The European Commission in its spring Economic Forecast projects that the US unemployment rate will decline to 4.6% in 2021, and then to 3.4% in 2022, dropping below the unemployment rate before the pandemic. For analysis of other G20 economies, select a country page: US | Canada | Mexico | France | Germany | UK | Italy | Brazil | Argentina | Turkey | Australia | China | India | Japan | South Korea | Indonesia | Russia | South Africa | Saudi Arabia | EU | Euro Area Or, select an economic indicator: GDP Forecast | Inflation Forecast | Unemployment Forecast | Current Account Balance Forecast | Government Debt Forecast

Alex Kulikov knoema.de://knoema.de/user/1847910
Labor Strike in China: Recent weeks //knoema.de/hxeoyzc/labor-strike-in-china-recent-weeks 2023-07-25T14:11:46Z Balaji S knoema.de://knoema.de/user/1000220
Labor Strike in China: Recent weeks

Balaji S knoema.de://knoema.de/user/1000220
An Uneven Recovery of the U.S. Labor Market //knoema.de/uqhkgbd/an-uneven-recovery-of-the-u-s-labor-market 2023-05-31T06:45:57Z Misha Gusev knoema.de://knoema.de/user/1000560
An Uneven Recovery of the U.S. Labor Market

Recent data from the U.S. Bureau of Labor Statistics on unemployment indicates that the U.S. labor market has recovered to pre-pandemic levels. Unemployment rate went down to 3.6% in April and May 2020, which is just 0.1 percentage point above pre-pandemic level. However economy still misses 822 thousand jobs and the rebound in employment is uneven among industries.The professional and financial services, information, transportation, retail trade and construction sectors have added a combined 1.87 million workers as more people worked remotely and consumers ordered online. Employment in construction has recovered following post-covid hosing boom.Number of workers in leisure and hospitality industry, which has been hit hardest by the pandemic, is still 1.5 million below pre-covid. Education and health sectors also miss 340 thousand jobs compared to Feb. 2020. Many teachers and health workers have retired early.Facing budgetary challenges state and local governments have cut payrolls. In May 2022 in Government sector there were 615 thousand workers less compared to Feb. 2020.

Misha Gusev knoema.de://knoema.de/user/1000560
US Labor Market: Wages Failing to Keep Pace with Inflation //knoema.de/hgegbnb/us-labor-market-wages-failing-to-keep-pace-with-inflation 2022-12-23T20:35:30Z Misha Gusev knoema.de://knoema.de/user/1000560
US Labor Market: Wages Failing to Keep Pace with Inflation

( December 2022) Though US CPI inflation eased in the end of the year wages in most US industries are not keeping up with inflation. Inflation has outpaced wage growth in most industries over the past 12 months, leaving many workers with lower wages once adjusted for inflation—or real wages.Only the information sector has seen wages grow 0.1 percentage points faster than the consumer price index (CPI) inflation rate of 7.7 percent.Information sector employ just 2% of the US private sector workforce. Wage growth in the transportation, professional and business services, leisure and hospitality and utility sectors was around 1 percentage point below the CPI growth. The remainder of US private sector workers are in industries where pay increases have fallen short of price increases.

Misha Gusev knoema.de://knoema.de/user/1000560
US Labor Market Lags Behind the Economy //knoema.de/acvxxvc/us-labor-market-lags-behind-the-economy 2022-12-06T19:31:42Z Misha Gusev knoema.de://knoema.de/user/1000560
US Labor Market Lags Behind the Economy

While the U.S. economy shrinks for the second consecutive quarter, labor market remains tight and companies are still focused on hiring. In July the US unemployment went down to a historically low 3.5 per cent even after gross domestic product declined 1.6% and 0.9% in Q1 and Q2 2022, respectively.The US Bureau of Labor Statistics (BLS) data on job openings and labour turnover shows that layoffs still running at historically low levels in most industries. Most layoffs in June were concentrated in construction, which is sensitive to rising interest rates.The number of open job positions remains well above early 2020 levels and quits rate remains well above pre-coronavirus pandemic levels in most sectors, which indicates that the labor market remains strong. However the decline in a quits rates in recent months indicates the slowdown in the pace of employees leaving for better offers elsewhere.As labor market usually lags behind the economy it make take up to two or three months before the increase in the unemployment rate will confirm the decline in output.

Misha Gusev knoema.de://knoema.de/user/1000560
Unemployment Rate by Country 2022 | Data and Charts //knoema.de/blizore/unemployment-rate-by-country-2022-data-and-charts 2022-11-03T12:18:45Z Misha Gusev knoema.de://knoema.de/user/1000140
Unemployment Rate by Country 2022 | Data and Charts

List of countries by unemployment rate in 2019 presented on this page is based on estimates from the International Labor Organization (ILO) - the leading source of worldwide labor statistics. The data is harmonized to account for differences in national data and scope of coverage, methodologies and other country-specific factors which increases the comparability across countries. Countries with the highest unemployment rate in the world in 2019 are four southern African countries: South Africa, Lesotho, Namibia, and Eswatini, two southeastern European countries: North Macedonia and Bosnia and Herzegovina, and two southern Caribbean islands: Saint Lucia and Saint Vincent and Grenadines. The unemployment rate is the share of people of working age without work but who desire and are able to work and actively seeking it. It is measured as a percent of unemployed in the total labor force of a country. The unemployment rate is one of the three fundamental macroeconomic indicators along with GDP and inflation. Declining unemployment rate indicates that companies' demand for labor force increases meaning they expand and produce more goods and services contributing to the GDP growth. The tight labor market, in turn, makes it more difficult to hire and places upward pressure on wages which means higher costs and higher overall inflation. While annual data on the unemployment rate for most world countries can be obtained from ILO, the latest quarterly and monthly statistics (with less broad country coverage though) are available in datasets from IMF, OECD, and Eurostat.

Misha Gusev knoema.de://knoema.de/user/1000140
US Labor Market Starts to Cool //knoema.de/vmgruxe/us-labor-market-starts-to-cool 2022-10-05T09:37:27Z Misha Gusev knoema.de://knoema.de/user/1000560
US Labor Market Starts to Cool

US job openings fell by the most in nearly 2 and a half years in August, suggesting that the labor market was starting to cool as the economy grapples with higher interest rates aimed at dampening demand and taming inflation.Job openings dropped 1.1 million to 10.1 million in August, the lowest level since mid-2021. August’s decline was the largest since April 2020, when the economy was reeling from the first wave of the COVID-19 pandemic.The decrease in job openings was led by healthcare and social assistance, with a decline of 236,000. There were 183,000 fewer job openings in other services.

Misha Gusev knoema.de://knoema.de/user/1000560
LinkUp | Double Trouble for Oil & Gas Industry with the Low Energy Demand and Prices //knoema.de/jslxsyf/linkup-double-trouble-for-oil-gas-industry-with-the-low-energy-demand-and-prices 2022-09-15T08:43:11Z Misha Gusev knoema.de://knoema.de/user/1000560
LinkUp | Double Trouble for Oil & Gas Industry with the Low Energy Demand and Prices

(17 June 2020)  The oil and gas industry has taken a direct hit from the COVID-19 pandemic that has wiped out almost a third of global oil demand through lockdowns and travel bans. As storage capacities were maxed out, crude oil and gas prices headed downward. Along came the OPEC+ deal, however, and the reopening of China, US and many European countries and oil prices began their upward climb to nearly $40/barrel in early June. Nevertheless data shows that US oil and gas companies are still in the danger zone.For the majority of US shale oil producers, current crude oil prices are still below their total production costs, which range between $46 and $52 per barrel depending on the oil producing region.During the week of June 12, 2020, the number of oil and gas drilling rigs in operation in the United States fell to a record low of 279, according to Baker Hughes, an American oilfield services company. Oil rig count, an early indicator of future output, has been declining sharply since mid-March due to a drop in global oil demand caused by the COVID-19 pandemic. According to LinkUp, in the beginning of June 2020 the number of active jobs listed in for the oil gas sector (including related services) declined by 86 percent on a year-over-year basis.

Misha Gusev knoema.de://knoema.de/user/1000560
Saudi Arabia Labor Supply //knoema.de/lxjfnx/saudi-arabia-labor-supply 2022-06-10T09:53:08Z Misha Gusev knoema.de://knoema.de/user/1000560
Saudi Arabia Labor Supply

Misha Gusev knoema.de://knoema.de/user/1000560
U.S. Motion Picture Industry Labor Statistics //knoema.de/dwhaljg/u-s-motion-picture-industry-labor-statistics 2022-06-08T12:12:20Z Misha Gusev knoema.de://knoema.de/user/1000560
U.S. Motion Picture Industry Labor Statistics

Misha Gusev knoema.de://knoema.de/user/1000560
Eurozone: Tightening Labor Market Puts Pressure on Inflation //knoema.de/snnmxl/eurozone-tightening-labor-market-puts-pressure-on-inflation 2022-01-26T09:20:53Z Nematullah Khan knoema.de://knoema.de/user/1975840
Eurozone: Tightening Labor Market Puts Pressure on Inflation

(14 January 2022) Labor market conditions in the eurozone (EA19) — the E.U. member countries that use a shared single currency, the euro — improved in November, as unemployment fell to a record low since the COVID-19 pandemic started in March 2020. (December 2021 unemployment data will be released in February.) The eurozone registered a decline of 222,000 in the number of unemployed people in November compared to October, with the total down to 11.8 million. The unemployment rate fell from 7.3% to 7.2% for the same period. The lowest unemployment rates were registered by the Netherlands, 2.7%, and Germany, 3.2%. The highest unemployment rates in the eurozone were observed in Spain, 14.1%, and Greece, 13.4%.Amid the tightening labor market and increasing labor costs, consumer price inflation in Europe hit the highest level in more than two decades. In November 2021, the annual rate of CPI inflation accelerated to 4.9%, and core inflation (the overall index excluding energy, food, alcohol and tobacco) jumped to 2.6%. The furlough programs in place, which have limited the pandemic's impact on the labor market, and strong demand for labor will likely help to improve the market in coming months. However, the rise in new variants such as Omicron may have negative impact on the labor market and the economy.

Nematullah Khan knoema.de://knoema.de/user/1975840
Labor Market Reshaped by COVID-19 //knoema.de/netvmjf/labor-market-reshaped-by-covid-19 2021-12-06T11:33:23Z Misha Gusev knoema.de://knoema.de/user/1000560
Labor Market Reshaped by COVID-19

(12 November 2021) The U.S. labor market has made significant progress since the removal of pandemic-related restrictions. According to the latest labor market report from the U.S. Bureau of Labor Statistics (BLS), in October 2021 unemployment decreased to 4.6% and the number of people employed was only 3% below the pre-pandemic figure. However, not all jobs have been bouncing back equally. BLS employment data shows uneven recovery of employment across industries. While in some industries employment is still down 20% compared to pre-pandemic levels, in other industries the number of jobs has increased by 20-40% compared to February 2020. Here are some examples how COVID has been reshaping the labor market:In September 2021, the number of jobs in car manufacturing was 19.4% below the pre-pandemic level. Despite robust demand, car manufacturers have been unable to increase production because of pandemic-related supply chain disruptions. The 2020 layoffs may also push further robotization of production; car manufacturing already has the highest robot density of any major U.S. industry. COVID accelerated the rise of e-commerce, which reduces employment in offline stores and creates jobs in delivery services. While employment in retail clothing stores is still 15% below pre-pandemic levels, the number of couriers has increased 20% since Feb. 2020.Taking care of pets and gardening are activities Americans have taken comfort in during the pandemic. The number of jobs in nursery, garden, and farm supply stores and in animal food production has increased 13.5% and 10%, respectively, compared to before the pandemic.Finally, amid soaring demand for homes, the number of mortgage brokers in September 2021 is up 37% compared to February 2020.

Misha Gusev knoema.de://knoema.de/user/1000560
Growing Inequity Highlighted in US President Biden's Inaugural Speech //knoema.de/gixoivf/growing-inequity-highlighted-in-us-president-biden-s-inaugural-speech 2021-10-09T14:16:07Z Misha Gusev knoema.de://knoema.de/user/1000560
Growing Inequity Highlighted in US President Biden's Inaugural Speech

(20 January 2020) One of the most sensitive economic effects of COVID is the reality that millions have lost their jobs. And, contrary to economic crises of the past that tended to narrow the gap between the rich and the poor, the corona-crisis has only widened that gap, a point US President Biden featured in his inaugural address today, "... Folks, this is a time of testing. We face an attack on our democracy and on truth, a raging virus, growing inequity, the sting of systemic racism, a climate in crisis, ..."   Unprecedented government stimulus and the partial cancellation of COVID containment restrictions boosted the US economic recovery and thereby eased the US labor market to steadier ground during 2020. The problem is the recovery has unequally benefited high-wage workers. According to the Economic Tracker from Opportunities Insights, high-wage workers were reemployed by the end of May 2020, while only 80 percent of low wage workers were able to return to work. In December 2020, the number of employed low wage workers dropped still lower to 75 percent of the pre-COVID level.Unequal recovery of labor market for high and low wage workers can partly be explained by unequal opportunities to telework. According to a BLS survey, workers with lower wages and formal educational requirements have far fewer remote work options than high wage employees.In eight US states (Alaska, California, Hawaii, Illinois, Maine, Minnesota, Oregon and Vermont) the percent of low wage workers who were unable to return to work is close to or greater than 30 percent. The disproportionately high burden of the COVID pandemic on low wage workers is not localized to the United States only. Research by Eurostat linking the labor market impact of COVID-19 on workers with their income situation also shows that low wage workers in the European Union are under higher risk of temporary lay off/reduced hours and job loss compared to high wage employees. In 2020 income loss by low wage earners was 3-6 times larger than high wage earners in half of the EU Member States.

Misha Gusev knoema.de://knoema.de/user/1000560
LinkUp | US Real Estate Contracting Under Weight of COVID-19 //knoema.de/jgqiodd/linkup-us-real-estate-contracting-under-weight-of-covid-19 2021-10-08T14:15:44Z Misha Gusev knoema.de://knoema.de/user/1000560
LinkUp | US Real Estate Contracting Under Weight of COVID-19

The real estate world has taken its share of the burden of the COVID-19 pandemic, as people empty out of offices, hotels, and malls and work from their homes. Economic activity in construction and real-estate contracted sharply this year under the weight of the pandemic, with the largest decline yet recorded in April, according to the US Federal Reserve. LinkUp jobs data suggests the situation in the real estate industry will remain tough in June.In the three months between February and April, new private housing building permits in the United States declined 30 percent compared to January.  Existing home sales also decreased 25 percent in March-April 2020.Many real estate companies have cut jobs, especially since the second half of March. In May, half of those companies featured below had laid off 30 to 90 percent of their employees. Active jobs listed have dropped by 25 percent since last fall.

Misha Gusev knoema.de://knoema.de/user/1000560
Traditional vs Alternative Data: Which has the Better Measure of the US Labor Market? //knoema.de/tfghnhg/traditional-vs-alternative-data-which-has-the-better-measure-of-the-us-labor-market 2021-04-22T16:22:33Z Misha Gusev knoema.de://knoema.de/user/1000560
Traditional vs Alternative Data: Which has the Better Measure of the US Labor Market?

(12 June 2020) When the US Bureau of Labor Statistics released its May 2020 employment report some analysts claimed that data on initial unemployment insurance claims was wrong because it contradicted the official unemployment figures where there were broad gains in employment across industries. Higher frequency data, including mobility trends and small business openings, also pointed to labor market recovery. There's little doubt that high frequency alternative indicators offer important, maybe even critical depth and color as we try to understanding modern market behavior and economies, but alt data is not a panacea. It is part of the mosaic of data increasingly relied on by analysts and weighted according to the relevant time horizon and methodological approach.A couple of months ago we demonstrated how so-called alternative data had warned about the COVID-19 induced recession in early March while traditional leading economic indicators were still predicting growth would accelerate, making a strong case for wrapping alternative data into the sphere of leading economic indicators.At the same time, even with the growth in availability of certain high frequency indicators as foot traffic, mobility, container ships, web traffic, credit and debit card spending, analysts must address fundamental questions around reliability and availability. Below we share what a few sample high frequency labor market and mobility indicators tell us about the current US labor market.

Misha Gusev knoema.de://knoema.de/user/1000560
US Weekly Jobless Claims //knoema.de/deqfocg/us-weekly-jobless-claims 2021-03-19T15:53:03Z Alex Kulikov knoema.de://knoema.de/user/1847910
US Weekly Jobless Claims

The number of new jobless claims reported weekly to the U.S. Department of Labor is considered a leading forward indicator for jobs growth in the US labor market and is thereby linked to expectations for economic growth and potential moves by the US Federal Reserve to increase interest rates. According to the most recent data:For the week ended June 29, the number of initial jobless claims - e.g. new jobless claims - decreased by 8,000 to 221,000. However, 4-weeks moving average, which smoothes fluctuations, indicates a small increase in jobless claims.The total number of persons receiving unemployment benefits - e.g. "continued claims" or "insured unemployment" - also decreased by 8,000 to 1,686,000. Despite the number of people filing applications for unemployment benefits decreased slightly last week, the numbers continue to rise since late 2018. So, if in 2016-2018 years, jobless claims decreased on average by around 500 persons each week, in 2019, they started to increase by around 250 persons weekly. This trend may indicate that the period of historically low unemployment comes to an end and economic growth shifts into a lower gear. This may result in the Federal Reserve cutting interest rates in its July meeting.

Alex Kulikov knoema.de://knoema.de/user/1847910
US Unemployment Claims Hitting New & Alarming Records //knoema.de/zrhxeib/us-unemployment-claims-hitting-new-alarming-records 2021-03-19T15:46:32Z Misha Gusev knoema.de://knoema.de/user/1000560
US Unemployment Claims Hitting New & Alarming Records

(2 April 2020)  Coronavirus is costing many Americans their jobs. According to the US Department of Labor, jobless claims doubled last week hitting 6.6 million. That means initial claims rose more than 2,000% over the last two weeks alone. This is the highest level of initial claims ever reported. With layoffs continuing as US businesses remain closed, economists had expected new jobless claims to rise tenfold. Today's figures are thus a chilling look into the reality of the US economy.The week ending March 14, jobless claims were 282,000, a figure that was already a 33% increase from 211,000 the week prior.According to the Department of Labor, services industries, such as accommodation and food services, have been hit the hardest. Other industries that have been heavily impacted include: health care and social assistance, arts, entertainment and recreation, transportation and warehousing, and manufacturing.

Misha Gusev knoema.de://knoema.de/user/1000560
United States: Lack of Remote Work Options Elevates COVID-19 Risk Profiles //knoema.de/bgnjfkc/united-states-lack-of-remote-work-options-elevates-covid-19-risk-profiles 2020-11-17T08:56:01Z Misha Gusev knoema.de://knoema.de/user/1000560
United States: Lack of Remote Work Options Elevates COVID-19 Risk Profiles

(16 November 2020) Changing jobs can be a challenge in normal times and even more challenging during COVID-19, which means that labor markets are not as fluid as we might wish. Personal choices aside, thousands of workers have potentially elevated risks of contracting COVID-19 since they do not have the luxury to choose to work from home, particularly in industries with lower wages and formal educational requirements. According to the US Bureau of Labor Statistics: 70%+ of employees in the financial and professional and business services industries reported that they could telework. The average salary in these industries exceeded $110,000 per year in 2019. 36% of employees in manufacturing and 27% of wholesale and retail trade workers could work from home. The average annual wage in these two industries was $70,000 and $40,000, respectively.10.7% of workers with less than a high school diploma can work from home, a large difference from the 67.5% with a bachelor's degree and higher who reported that they had the option to work from home.  

Misha Gusev knoema.de://knoema.de/user/1000560
COVID Policies Saved Millions of Jobs But Not in the United States //knoema.de/qqzozwd/covid-policies-saved-millions-of-jobs-but-not-in-the-united-states 2020-08-20T17:33:57Z Misha Gusev knoema.de://knoema.de/user/1000560
COVID Policies Saved Millions of Jobs But Not in the United States

(20 August 2020) A painful consequence of the corona-crisis is the loss of millions of jobs around the world. According to the International Labor Organization, the global economy lost 400 million jobs (in full-time equivalent) since 4Q 2019, which is a 14 percent decrease. And while nearly all countries suffered from COVID lockdowns and disruption of global value chains, there were clear policy winners and losers when it came to preserving jobs.Many countries implemented so called job retention schemes, such as the German Kurzarbeit or the French Activité partielle, to provide public financial support to companies offering employees income support to offset reduced hours due to shortened work weeks or temporary layoffs.Data from the July OECD Employment Outlook 2020 shows that the use of these instruments by some OECD countries played a major role in preventing massive surges in unemployment that were registered in Canada and the United States.OECD countries that offered support to 20 percent of employees via their job retention schemes experienced no more than a 3 percentage point increase in unemployment compared to pre-COVID levels. Government programs that offered coverage for 30 percent of employees reported no more than a 1.5 percentage increase in unemployment.The United States took a different approach. The primary US stimulus response to support workers conferred increased unemployment assistance through unemployment insurance programs and contributed to a record increase in unemployment.

Misha Gusev knoema.de://knoema.de/user/1000560
Worldwide: COVID-19 Spurring Layoffs Among Tech Startups //knoema.de/zrfscbb/worldwide-covid-19-spurring-layoffs-among-tech-startups 2020-07-24T10:37:16Z Alex Kulikov knoema.de://knoema.de/user/1847910
Worldwide: COVID-19 Spurring Layoffs Among Tech Startups

Tech startups are facing vastly different realities during the COVID-19 pandemic depending on the industries that they target. Consider the difference in the adoption rate for delivery apps and platforms for remote work compared to those targeting the transportation and travel industries, which have suffered seriously due to lockdowns globally. But even those startups in relatively isolated industries with stable business models may be facing financial constraints or need to radically and quickly change their long-term development plans to fit the new normal, meaning here too startups may be reducing staff. According to a compilation of public reports collected by Layoffs.fyi, during the pandemic period, 524 startups have cut 69,514 employees. Around two-thirds of the layoffs were in the United States, where total unemployment in the information sector in June was 332,000.Airbnb has laid off 1,900 employees, or 25 percent of its staff. The company is also hitting pause on some initiatives like Transportation and Airbnb Studios. US employees will reportedly receive severance packages.Uber has laid off 7,525 employees, largely concentrated in the company’s customer support and recruiting teams. Uber said it will create a public alumni talent directory to support departing employees.Samsara laid off 300 employees, almost 18 percent of staff. Industrial companies use Samsara's internet-connected sensors to optimize their operations. Samsara has also slashed executive salaries by 30 percent for the rest of the year, cut non-essential spending, and implemented a hiring freeze for six months.

Alex Kulikov knoema.de://knoema.de/user/1847910
Homebase | US Local Businesses and Hourly Workers Under Pressure from COVID-19 //knoema.de/oqfaivd/homebase-us-local-businesses-and-hourly-workers-under-pressure-from-covid-19 2020-06-26T19:58:37Z Misha Gusev knoema.de://knoema.de/user/1000560
Homebase | US Local Businesses and Hourly Workers Under Pressure from COVID-19

(13 April 2020)  The number of unemployed workers in the United States has increased by almost 17 million since mid-March, according to the US Department of Labor, which will push the US unemployment rate into the range of 10% to 15% in April. A closer examination of daily employment data for hourly US workers and the activity of local businesses courtesy of Homebase—which provides employee scheduling and time tracking services—suggests that the situation on the ground could be even worse than official employment figures indicate.In a survey of hourly workers conducted by Homebase, 75% of employees that had work in January 2020 are not working now.Almost 70% of covered local businesses are not operating.Hourly workers, who account for 59% of total US non-farm employment, lose a combined total income of $75 billion each month.

Misha Gusev knoema.de://knoema.de/user/1000560
United States: Who Really Made a Mistake on the US Employment Figures? //knoema.de/wktjedf/united-states-who-really-made-a-mistake-on-the-us-employment-figures 2020-06-12T19:39:09Z Misha Gusev knoema.de://knoema.de/user/1000560
United States: Who Really Made a Mistake on the US Employment Figures?

(June 07, 2020) The latest US monthly jobs report surprised many analysts. The US Bureau of Labor Statistics (BLS) estimated that a record 2.5 million jobs were created in May, while different pools of forecasters had predicted that between 7.5 and 8.3 million jobs would be lost. Based on BLS figures, unemployment decreased to 13.3 percent in May from 14.7 percent in April. At the same time, initial claims continued to increase through May, with the number of people on unemployment benefits close to 20 million, which could point to a bumpy recovery to come.The misclassification error* that is supposed to be fixed by BLS also indicates that the labor market improvement in May is more moderate than reported and forecasters may not have been so far off after all.   * The Bureau of Labor Statistics, responsible for the monthly jobs reports, said it is working to fix a “misclassification error” and the “overall unemployment rate would have been about 3 percentage points higher than reported,” meaning the US unemployment rate for May is expected to be about 16.3 percent.

Misha Gusev knoema.de://knoema.de/user/1000560
US Stock Market Gains as Labor Market Improves in May 2020 //knoema.de/yuoafj/us-stock-market-gains-as-labor-market-improves-in-may-2020 2020-06-08T13:57:08Z Nematullah Khan knoema.de://knoema.de/user/1975840
US Stock Market Gains as Labor Market Improves in May 2020

(7 June 2020) The US labor market improved in May as millions of workers returned to work after COVID-19 induced layoffs, sending positive reverberations through the US stock market. The labor market added 2.5 million non-farm jobs in May and the unemployment rate decreased to 13.3 percent* from 14.7 April, remaining higher than in any previous post-war recession. The rate would be still higher if it was able to capture the millions of people who are not working and want a job, perhaps not looking for work because of fears relating to coronavirus.The unemployment rate gains were unequal across racial groups. The rate increased marginally for African Americans to 16.8 percent from 16.7 percent in April, while unemployment for whites declined to 12.4 percent from 14.2 percent in April. The stock market surged on 5 June after the jobs report showed surprising improvement. The S&P 500 index rose 2.62 percent Another major Wall Street index, the tech-heavy Nasdaq composite—including companies like Amazon, Apple and Microsoft—increased 2.06 percent. The Dow Jones Industrial average gained 829 points to 3.15 percent.The US government has injected around $3 trillion into the economy to mitigate the impact of  the COVID-19 pandemic. The stimulus has been one of the key drivers behind the stock market recovery from its March lows.   * The Bureau of Labor Statistics, responsible for the monthly jobs reports, said it is working to fix a “misclassification error” and the “overall unemployment rate would have been about 3 percentage points higher than reported,” meaning the US unemployment rate for May is expected to be about 16.3 percent.

Nematullah Khan knoema.de://knoema.de/user/1975840
United States: Labor Market Overview, April 2020 //knoema.de/acmaiqe/united-states-labor-market-overview-april-2020 2020-06-04T09:10:22Z Nematullah Khan knoema.de://knoema.de/user/1975840
United States: Labor Market Overview, April 2020

(31 May 2020)  The US economy lost 20.5 million non-farm jobs in April, as COVID-19 shutdown the economy and the labor marketing, leading the unemployment rate to skyrocket 14.7 percent, the largest drop in employment since the government started capturing the data. The jobs lost and unemployment rate figures were below the Dow Jones Survey’s expectations of 21.5 million and 16 percent, respectively. To put these figures into perspective, the unemployment rate in April was higher than the post WWII figure of 10.8 percent and the financial crisis peak of 10 percent in October 2009. The rate is, however, still less than experienced during the  Great Depression, estimated at 24.9 percent.   Unemployment Rate by Race The US unemployment rate in April was highest for Hispanics (18.9%), followed by African Americans (16.7%), Asians (14.5%), and whites (14.2%).   Unemployment Rate by Gender The unemployment rate in April for women (16.2%) was nearly three points higher than for men (13.5%), reflecting the prevalence of women in hard-hit hospitality and retail jobs. This was the highest recorded unemployment gap between men and women, followed by the global financial crisis of 2008-2009 during which it was men facing the higher unemployment rates.  

Nematullah Khan knoema.de://knoema.de/user/1975840
United Kingdom: Jobless Claims Soared to 2.1 Million in April //knoema.de/qmyuwpc/united-kingdom-jobless-claims-soared-to-2-1-million-in-april 2020-05-21T03:26:45Z Nematullah Khan knoema.de://knoema.de/user/1975840
United Kingdom: Jobless Claims Soared to 2.1 Million in April

(20 May 2020)  Jobless claims in the United Kingdom jumped 69.1% MoM in April to reach 2.1 million, according to the UK Office for National Statistics (ONS), making it the largest month-on-month increase since records began in 1970. The increase comes even as the government has implemented an emergency wage subsidy that pays 80% of workers’ wages up to sterling pound 2,500 per month.   The government also enhanced its Universal Credit social security payment to expand eligibility for unemployment benefit support. As a result, ONS cautioned that the claims figure may not be an accurate reflection of unemployment given the new measures to help those whose income is affected due to the coronavirus.

Nematullah Khan knoema.de://knoema.de/user/1975840
Something Has Gone Wrong with US Unemployment Estimates //knoema.de/scutxxg/something-has-gone-wrong-with-us-unemployment-estimates 2020-03-19T20:15:53Z Misha Gusev knoema.de://knoema.de/user/1000560
Something Has Gone Wrong with US Unemployment Estimates

An economic concept known as Okun’s Law—which explains the relationship between rates of unemployment and GDP growth—has held true for all US economic downturns and recoveries since 1948. However, we discovered a major discrepancy for the recovery period after the Great Recession of 2008, where Okun’s Law failed to explain the drop in the US unemployment rate as reported by the US government. This means the US labor market might not be as strong as numbers suggest, and considering central banks use Okun’s Law to help set monetary policy, this discrepancy could have major consequences.

Misha Gusev knoema.de://knoema.de/user/1000560
US Unemployment Rate //knoema.de/gmrmcjc/us-unemployment-rate 2020-03-19T20:14:45Z Misha Gusev knoema.de://knoema.de/user/1000560
US Unemployment Rate

(March 2018)  The US unemployment rate increased by 0.1 percentage point in March compared to the previous month, reaching 5 percent, or about 8 million people. Many Americans consider a reduction of the unemployment rate to be one of the highest-priority socio economic issues. As economists point out, however, there is a natural or normal rate of unemployment that signals stable prices in a well-functioning economy and the US has little margin at present. The current natural unemployment rate is estimated at 4.8 percent, which is only slightly less that the current actual unemployment rate. Since the same time last year, the unemployment rate has decreased by 0.5 percentage points. The decline occurred at a lower pace, however, than during the 2014 to 2015 period.The current unemployment rate is now half its peak of 10 percent, recorded at the end of 2007-2009 global financial crisis.Among US states, Alaska has the highest unemployment rate (6.6%) and South Dakota the lowest (2.7%). California, which accounts for 13 percent of US GDP, reported an unemployment rate of 5.5 percent as of February 2016. Other employment figures of note:Employment expanded by 246,000 people during March to 151.3 million. This represents a 2.01 percent annual growth rate and exceeds the growth rate during 2014-2015.The employment to population ratio, however, changed little from the previous year due to the 1.07 percent increase in the US population, cancelling out the employment gain.In March, the civilian labor force—representing the sum of unemployed and employed—was 159.3 million, or about 2.4 million more than in March 2015. The overall labor force participation rate grew by 0.1 percentage point, continuing its upward trend that started in September 2015.The share of long-term unemployed, or those who cannot find job for 27 weeks and over, decreased by 0.1 percentage points compared to February, and now constitutes 27.6 percent of total unemployment. The same cannot be said about March figures for involuntary part-time employment: the number of individuals who wanted full-time work but could find only a part-time job rose by 2.3 percent to 6.1 million. In addition, even though the current level of part-time employment continues to trend downwards, it remains historically high.

Misha Gusev knoema.de://knoema.de/user/1000560
Economy //knoema.de/kdrtnbc/economy 2020-01-16T18:55:42Z Misha Gusev knoema.de://knoema.de/user/1000560
Economy

Misha Gusev knoema.de://knoema.de/user/1000560
How Technology Affects Employment //knoema.de/yqdtubf/how-technology-affects-employment 2019-12-19T09:06:30Z Misha Gusev knoema.de://knoema.de/user/1000560
How Technology Affects Employment

Misha Gusev knoema.de://knoema.de/user/1000560
Capital Labor Ratio //knoema.de/szguilc/capital-labor-ratio 2019-12-10T08:10:29Z Debaleena Dutta knoema.de://knoema.de/user/5162920
Capital Labor Ratio

Capital Labor Ratio (K/L) is a measure of amount of capital employed to every unit of labor employed in the economy. Here the base year is 2010

Debaleena Dutta knoema.de://knoema.de/user/5162920
Trump Administration Work Visa Policy by Numbers //knoema.de/dwmzeod/trump-administration-work-visa-policy-by-numbers 2019-12-06T14:59:13Z Alex Kulikov knoema.de://knoema.de/user/1847910
Trump Administration Work Visa Policy by Numbers

The US H-1B visa program that allows educated foreign professionals to work in the United States is taking a hit under the Trump Administration. In 2019, the US Citizenship and Immigration Services (USCIS) denied about 15 percent of H-1B visa petitions, a notable shift from 2015 when the denial rate was 4 percent, a rate second only to L-1A and L-1B visas, which now have a 28 percent denial rate. The Administration’s “put American workers first” policy seeks to improve Americans' welfare by reducing the inflow of low-paid labor. Toward that end, within the realm of work visas, the Administration adopted two approaches. First, the review process of H-1B visa applications has become stricter, leading to an increase in the number of requests for evidence (RFE) and, ultimately, visa denials. Second, the former H-1B visa lottery was suspended, further reducing access to H-1B visas.  You may conclude that the odds of obtaining an H-1B visa are best for only the most gifted, skilled and highly paid workers. That’s true. But it’s also true that while American companies may prefer to hire unskilled staff from abroad under the H-1B program for the sake of lower labor costs, most of these visas are issued to specialists in technical design and programming. And it's in that disconnect that we start to understand why tech industry giants so often publicly at odds with President Trump have a lot to lose under this new policy and will likely lobby strongly for adjustments in the months to come.The largest beneficiaries of the H-1B visa are Indian companies, which account for more than two-thirds of all approved visas. The IT industry, highest paid among all US industries, attracts the largest pool of visa applicants, including from tech giants Microsoft, Amazon, Google, Apple, and Facebook.

Alex Kulikov knoema.de://knoema.de/user/1847910
South Africa: Unemployment rate hits to 29.1 percent in Q3 2019 //knoema.de/uxqdlae/south-africa-unemployment-rate-hits-to-29-1-percent-in-q3-2019 2019-11-08T14:53:31Z Trust Matsilele knoema.de://knoema.de/user/1223660
South Africa: Unemployment rate hits to 29.1 percent in Q3 2019

South Africa's unemployment rate ticked up 29.1 percent in Q3 2019 from 29 in Q2 2019, highest level since comparable data began in 2008. Through Q1 2000 to Q3 2019, the average unemployment rate was 25.77 percent, reached an all time high of 31.20 percent in the Q1 2003 and a low of 21.50 percent in the Q4 2008.The unemployed persons increased to 6733.71 thousands in Q3 from 6655.30 thousand in Q2 2019.   South Africa labour market added employment in four sectors out of ten in Q3 as compared to Q2 2019.    Sectors that added labours between Q2 and Q3 2019:Community and social services added 56.48 thousand workers.Mining added 37.92 thousand workers.Agriculture sector 37.63 thousand labours.Private households added 34.77 thousand labours.

Trust Matsilele knoema.de://knoema.de/user/1223660
Robot Density and A New Job Loss Forecast //knoema.de/hcuejh/robot-density-and-a-new-job-loss-forecast 2019-11-05T14:56:24Z Misha Gusev knoema.de://knoema.de/user/1000560
Robot Density and A New Job Loss Forecast

Misha Gusev knoema.de://knoema.de/user/1000560
US Private Sector Employment Tracker: Monthly Growth //knoema.de/kfolxvb/us-private-sector-employment-tracker-monthly-growth 2019-10-29T14:46:54Z Alex Kulikov knoema.de://knoema.de/user/1847910
US Private Sector Employment Tracker: Monthly Growth

  Most Recent Report | Monthly Growth

Alex Kulikov knoema.de://knoema.de/user/1847910
US Labour Market Overview, September 2019 //knoema.de/fdfchce/us-labour-market-overview-september-2019 2019-10-08T09:50:06Z Nematullah Khan knoema.de://knoema.de/user/1975840
US Labour Market Overview, September 2019

Economy Added Less than Expected Workers US labour market added 136,000 non-farm employments in September 2019, below market expectations. The US Bureau of Labor Statistics revised employment figure upward from 159,000 to 166,000 for July and 130,000 to 168,000 for August. Through the first nine months of 2019, the economy added an average of 161,000 workers per month, a marked drop from last year’s average of 223,000 workers per month.   Manufacturing sector has been a key factor behind the slowdown in employments as reflected by ISM’s manufacturing PMI reading which was lowest in September since 2009. The sector has cut the jobs in last month for the second time this year.   The services sector, accounts for a much larger portion of the economy than manufacturing, has been still expanding. Industries, including health care, transportation and business services, added jobs in September 2019.

Nematullah Khan knoema.de://knoema.de/user/1975840
US Non-Farm Payroll Employment, July 2019 //knoema.de/qzvnref/us-non-farm-payroll-employment-july-2019 2019-08-08T01:06:47Z Nematullah Khan knoema.de://knoema.de/user/1975840
US Non-Farm Payroll Employment, July 2019

The US economy added 164,000 non-farm payroll jobs in July, lower than June level but consistent with market expectations. The US Bureau of Labor Statistics revised June's jobs figure from 224,000 down to 193,000. Through the first seven months of 2019, the US economy gained an average of 165,000 non-farm payroll jobs per month, a marked drop from last year’s average of 223,000 per month. By sector, professional and technical services (31,000 new jobs), health care (30,000), social assistance (20,000), and financial activities (18,000) made the most substantial jobs gains. Manufacturing, a causality of the ongoing US-China trade war, added 16,000 jobs.In July, the unemployment rate remained steady at 3.7 percent. Markets anticipated the rate would decline slightly, but the labor force participation rate bumped up to 63 percent with 370,000 new workers joining the US labor force.Meanwhile, the growth in average hourly earnings (0.3%) pushed wage growth y-o-y to 3.2 percent in July, the highest level since April.

Nematullah Khan knoema.de://knoema.de/user/1975840
Indonesia’s Economy Grows by 5.07% in Q1 2019 //knoema.de/gimgdxb/indonesia-s-economy-grows-by-5-07-in-q1-2019 2019-08-07T07:09:55Z Nematullah Khan knoema.de://knoema.de/user/1975840
Indonesia’s Economy Grows by 5.07% in Q1 2019

Indonesia’s economy, the largest economy in Southeast Asia, grew 5.1 percent in Q1 2019, slightly lower than market expectations, and some experts expect even strongly growth in the years ahead. The economy has grown consistently at around 5 percent for the last 14 quarters, despite capital outflows from emerging markets during 2018.Reforms that have improved the business climate and fiscal incentives to develop manufacturing units have helped support the economy's robust growth.Growth in private and government investment spending has also helped to moderate Indonesia's current account deficit, which had grown during 2018 due to imports used in infrastructure and private investments.The World Bank expects Indonesia’s economy will grow by 5.2 percent in 2019 and 5.3 percent in 2020, supported by private spending, which is backed by stable inflation and a strong labour market outlook as well continued government financial assistance to households.

Nematullah Khan knoema.de://knoema.de/user/1975840
Employment by sector //knoema.de/obljjf/employment-by-sector 2019-08-02T20:16:18Z Misha Gusev knoema.de://knoema.de/user/1000560
Employment by sector

Misha Gusev knoema.de://knoema.de/user/1000560
Labor market indicators //knoema.de/dptzsr/labor-market-indicators 2019-08-02T20:16:08Z Misha Gusev knoema.de://knoema.de/user/1000560
Labor market indicators

Misha Gusev knoema.de://knoema.de/user/1000560
International Conference on Jobs and Skills Mismatch //knoema.de/niqkopd/international-conference-on-jobs-and-skills-mismatch 2019-07-31T11:16:25Z Max Kulakov knoema.de://knoema.de/user/2297510
International Conference on Jobs and Skills Mismatch

This conference aims to deepen understanding of the labour market effects of various types of skill mismatch and how they can be best measured in different country contexts. It will include ILO research and also present the work of other partner international organizations. Link

Max Kulakov knoema.de://knoema.de/user/2297510
U.S. Employment in Non-Farm Sector //knoema.de/pcqbxn/u-s-employment-in-non-farm-sector 2019-05-27T08:10:19Z Nematullah Khan knoema.de://knoema.de/user/1975840
U.S. Employment in Non-Farm Sector

Nematullah Khan knoema.de://knoema.de/user/1975840
US: Low unemployment rate with slow wage growth //knoema.de/cvquqcd/us-low-unemployment-rate-with-slow-wage-growth 2019-05-07T16:08:29Z Nematullah Khan knoema.de://knoema.de/user/1975840
US: Low unemployment rate with slow wage growth

The US economy has been creating jobs at a moderate pace over the last few years while real wage growth remains largely flat during this expansion. The unemployment rate has fallen to as low as 4% in June 2018, while the average hourly wage growth ticked up to 2.77%. Notwithstanding the slight tick up in hourly wage growth last month, real wage growth has been anemic in spite of low unemployment rate for some time now. The current relationship between unemployment and wage rate are not in line with Phillips curve, an economic theory showing the inverse relationship between inflation and unemployment. Tight labor markets have historically tended to place upward pressure on wages and inflation. Yet U.S. consumer prices and wage inflation remain modest despite a nearly eight-year U.S. economic expansion and an unemployment rate that has already dropped below the Federal Reserve’s estimated “natural rate of unemployment”. This situation has perplexed many researchers until now. It is likely that some transient factors not visible are playing role in keeping wage growth moderate. However, mix of strong factors like baby boomer retirement, every day 10000 retiring and expected to continue 2030 as per American Association of Retired Persons (AARP) research, a decline in the rate of union membership for private-sector employees  to 6.5%  in 2017 from 16.8% in 1983 (Bureau of Labor Statistic), contract restrictions prevented workers from shifting their jobs for better and highly paid, Lagging minimum wage which is currently at $7.25 an hour has not increased since 2009, automation and globalization have both made it easier for business to find cheaper alternative, outsourcing. Though, it is unlikely that such factors will be able to keep the wage growth subdued amid low rate of unemployment for long. The statements from the Federal Reserve reflect this concern.

Nematullah Khan knoema.de://knoema.de/user/1975840
Technology and Labor Displacement - The Impact //knoema.de/dpuvzec/technology-and-labor-displacement-the-impact 2019-02-13T18:25:02Z Misha Gusev knoema.de://knoema.de/user/1000560
Technology and Labor Displacement - The Impact

Misha Gusev knoema.de://knoema.de/user/1000560
UN Women Executive Board, First Regular Session of 2019 //knoema.de/haufvfd/un-women-executive-board-first-regular-session-of-2019 2019-01-29T09:02:02Z Alina Buzanakova knoema.de://knoema.de/user/1293450
UN Women Executive Board, First Regular Session of 2019

In July 2010, United Nations Member States adopted the General Assembly Resolution 64/289 establishing a new United Nations Entity for Gender Equality and the Empowerment of Women (UN-Women) consolidating four separate former United Nations entities. In creating UN-Women, the international community sent the message that gender equality and women’s rights are on par with other global imperatives. With 75 offices around the world, UN-Women has unprecedented global reach. UN-Women is a powerful advocacy voice with governments, with United Nations sister agencies, with United Nations country teams, with nongovernmental organizations, with the private sector, and with the public at large. Thanks to its close ties with women’s organizations on the ground, UN-Women understands what women believe are the most critical issues globally. As a United Nations organization, UN-Women is in a position to amplify these voices and to make heard women’s concerns, realities, and priorities. Date of Event: 12 February 2019 Event Holder: UN Economic and Social Council

Alina Buzanakova knoema.de://knoema.de/user/1293450
Will US Wage Growth Lead to Increased Interest Rates? //knoema.de/rqjauwe/will-us-wage-growth-lead-to-increased-interest-rates 2019-01-25T17:27:38Z Alex Kulikov knoema.de://knoema.de/user/1847910
Will US Wage Growth Lead to Increased Interest Rates?

In December 2018, average hourly earnings in the United States increased by 3.2 percent from December 2017, the highest rate increase since May 2009. In addition, due to low inflation American workers saw the largest improvement in real hourly earnings since August 2016. Wages grew because the labor market tightened, as indicated by the historically low unemployment rates. Since rising wages, in general, mean higher inflation, the Federal Reserve may respond by increasing interest rates to stall business demand for labor and, consequently, wage growth. The Fed increased rates four times last year. Yet given current conditions, including inflation that’s within the Fed’s target range, slowing global growth, and a strong labor market, the central bank may opt to postpone another hike. If the Fed keeps interest rates flat in 2019, watch for continued record growth in real wages.

Alex Kulikov knoema.de://knoema.de/user/1847910
Average Wage by Sector in China //knoema.de/qyifeob/average-wage-by-sector-in-china 2019-01-04T13:21:18Z Nematullah Khan knoema.de://knoema.de/user/1975840
Average Wage by Sector in China

Nematullah Khan knoema.de://knoema.de/user/1975840
Senegal in 2020 //knoema.de/xotxqx/senegal-in-2020 2018-11-15T08:59:20Z Alex Kulikov knoema.de://knoema.de/user/1847910
Senegal in 2020

Alex Kulikov knoema.de://knoema.de/user/1847910
Gender Pay Gap //knoema.de/fotiuhd/gender-pay-gap 2018-10-23T14:43:23Z Nematullah Khan knoema.de://knoema.de/user/1975840
Gender Pay Gap

Nematullah Khan knoema.de://knoema.de/user/1975840
Unemployment rate by Region in US //knoema.de/panyajc/unemployment-rate-by-region-in-us 2018-09-17T05:49:51Z Nematullah Khan knoema.de://knoema.de/user/1975840
Unemployment rate by Region in US

Nematullah Khan knoema.de://knoema.de/user/1975840
Employment Generated by U.S and International Travelers (Thousands) //knoema.de/gutmeod/employment-generated-by-u-s-and-international-travelers-thousands 2018-01-03T14:40:27Z Misha Gusev knoema.de://knoema.de/user/1000560
Employment Generated by U.S and International Travelers (Thousands)

Misha Gusev knoema.de://knoema.de/user/1000560
US Private Sector Employment Tracker: Most Recent Report //knoema.de/jfmhpdg/us-private-sector-employment-tracker-most-recent-report 2017-07-25T09:47:15Z Alex Kulikov knoema.de://knoema.de/user/1847910
US Private Sector Employment Tracker: Most Recent Report

The ADP National Employment Report® is a monthly measure of the change in total U.S. nonfarm private employment derived from actual, anonymous payroll data of client companies served by ADP®, a leading provider of human capital management solutions. The report, which measures nearly 24 million U.S. workers is produced by the ADP Research Institute®, a specialized group within the company that provides insights around employment trends and workforce strategy, in collaboration with Moody’s Analytics, Inc.  Most Recent Report | Monthly Growth

Alex Kulikov knoema.de://knoema.de/user/1847910
Minimum Wage Workers Across US States in 2016 //knoema.de/lmztnsf/minimum-wage-workers-across-us-states-in-2016 2017-07-11T09:25:16Z Misha Gusev knoema.de://knoema.de/user/1000560
Minimum Wage Workers Across US States in 2016

This dashboard illustrates characteristics of minimum age workers in the United States in 2016. According to the Bureau of Labour Statistics Report approximately 1.5 million of workers aged 16 and older in the US earned below the federal minimum ($ 7.25 per hour). Last year Texas was leader by quantity of nation’s most minimum-wage workers and quantity of workers paid at or below minimum wage: wages of 141 thousand workers were lower than federal minimum and 242 thousand of workers earned the federal minimum wage or less. But Texas took only 13th place in the rating among sates by share of workers paid below minimum wage. Leadership position in this category belong to South Carolina.

Misha Gusev knoema.de://knoema.de/user/1000560
UK & US: Best Cities and Jobs for Job Seekers //knoema.de/ldhhhab/uk-us-best-cities-and-jobs-for-job-seekers 2017-06-06T06:11:15Z Alex Kulikov knoema.de://knoema.de/user/1847910
UK & US: Best Cities and Jobs for Job Seekers

Employees choose employers, just as employers choose employees. And, companies like Glassdoor make it easier than ever for people to move beyond annual salary and statistics on the highest paying jobs—none of which they may even be qualified for—in their evaluation of potential employers. Through regular surveys of employees, Glassdoor develops city-based job satisfaction ratings that account for work-life balance, cost of living, and competition among employees or, in other words, hiring opportunities. Glassdoor then ranks the most desirable cities for employment based on its survey data in combination with traditional job statistics. Job applicants and city hoppers beware of mismatches between tempting high-paying jobs and job satisfaction and crime trends. The United Kingdom dominates the top 5 cities in the ranking based on job satisfaction, but for some job seekers might not have the same allure as the single US city in the top 5: San Francisco.According to Glassdoor’s 2017 ranking—covering the one-year period starting late January 2016—Data Scientist is now the best job in the US, though it is not the highest paid one. Those among the highest paid occupation—physicians—report one of the lowest levels of job satisfaction.Within the US, San Jose is ranked the best city for jobs, followed by San Francisco, Salt Lake City, and Boston, though each of these four cities has a highly competitive labor market and high cost of living.Detroit was ranked the 10th best city for jobs in the US, but it has the 15th highest crime level worldwide and is ranked 35th among rated cities for job satisfaction.

Alex Kulikov knoema.de://knoema.de/user/1847910
16th Asia and the Pacific Regional Meeting //knoema.de/azjurrb/16th-asia-and-the-pacific-regional-meeting 2017-04-13T06:38:54Z Alex Kulikov knoema.de://knoema.de/user/1847910
16th Asia and the Pacific Regional Meeting

The 16th Asia and the Pacific Regional Meeting (APRM) of the International Labour Organization (ILO) will bring together the ILO’s tripartite constituents from throughout Asia, the Pacific and the Gulf and Arab states. About 450 people are expected to attend. Government ministers, representatives of workers' and employers' organizations, and academics from about 40 countries will discuss regional world-of-work priorities and the ILO’s vision for realising decent work from 2016 to 2021.   Event Holder: International Labour Organization Source of data: World Development Indicators (WDI), July 2016, Economic Outlook No 99, June 2016, The World Bank Jobs Statistics, 2015, Quality of Government Institute Standard Dataset, 2016

Alex Kulikov knoema.de://knoema.de/user/1847910
Labor Force and Employment //knoema.de/byosdcg/labor-force-and-employment 2017-04-12T14:19:29Z Alex Kulikov knoema.de://knoema.de/user/1847910
Labor Force and Employment

Source: World Development Indicators (WDI), April 2014

Alex Kulikov knoema.de://knoema.de/user/1847910
UAE Labor Market //knoema.de/vhmmjbc/uae-labor-market 2017-04-12T14:19:02Z Alex Kulikov knoema.de://knoema.de/user/1847910
UAE Labor Market

Source: World Development Indicators (WDI), April 2014

Alex Kulikov knoema.de://knoema.de/user/1847910
Progress Towards Europe 2020 Headline Targets //knoema.de/yyvfprb/progress-towards-europe-2020-headline-targets 2016-08-24T12:35:05Z Alex Kulikov knoema.de://knoema.de/user/1847910
Progress Towards Europe 2020 Headline Targets

The Europe 2020 strategy, adopted by the European Council on 17 June 2010, is the EU's agenda for growth and jobs for the current decade. It emphasises smart, sustainable and inclusive growth as a way to overcome the structural weaknesses in Europe's economy, improve its competitiveness and productivity and underpin a sustainable social market economy.

Alex Kulikov knoema.de://knoema.de/user/1847910
The 25 Highest Paying Jobs in America //knoema.de/zkeugoc/the-25-highest-paying-jobs-in-america 2016-08-11T14:07:59Z Alex Kulikov knoema.de://knoema.de/user/1847910
The 25 Highest Paying Jobs in America

According to a report published in March by Glassdoor, doctors, lawyers and research & development managers were the top-earning professionals in the United States during the period from January 24, 2015 to January 23, 2016. The highest paying occupations also include software development, pharmacy and strategy managers, software architects, and IT managers. The list from Glassdoor reflects anonymous salary reports from users of the company's job website. At least 75 reports must be shared with Glassdoor by employees per job title during the reporting period to be included in the ranking. The number of job openings shown below represents active job listings on Glassdoor website as of February 23, 2016.

Alex Kulikov knoema.de://knoema.de/user/1847910
Highest Paying and Fastest Growing Jobs in the US //knoema.de/qqobvxb/highest-paying-and-fastest-growing-jobs-in-the-us 2016-08-11T12:55:33Z Alex Kulikov knoema.de://knoema.de/user/1847910
Highest Paying and Fastest Growing Jobs in the US

If you are currently practicing medicine, architectural design, petroleum engineering, marketing, or law you are among the lucky in the best-paying career fields in the US. If, however, you are in school now then you should consider occupations such as wind turbine service technician and occupational or physical therapy assistant, fields which sources expect will be fast growing during the next 10 years. If you want both, a high-salary and fast-growing career, move into or study anesthesiology. These insights are provided by the Occupation Employment Statistics program (OES) of the US Bureau of Labor Statistics and Glassdoor, a jobs and recruiting website. US Bureau of Labor Statistics. The OES produces employment and wage estimates for hundreds of occupations across the US on the basis of a semiannual mail survey of about 1.2 million non-farm establishments from state unemployment insurance files. The latest available estimates are from May 2015 and are based on six panels of data collected over a 3-year period from November 2012 to May 2015.Glassdoor. More recent data on the highest paying jobs in America is provided by the Glassdoor. According to its 2016 report, physicians, lawyers, and R&D managers take home the fattest paychecks, ringing in at $180,000, $144,500 and $142,120, respectively. These figures are based on anonymous salary reports from people in these fields. At least 75 reports must be submitted to Glassdoor by job title during the prior year to be included in the ranking. In spite of differences in methodology, BLS and Glassdoor reports show that high-paying jobs are those that are protected from competition and automation and require higher education along with in-demand skills. Workers with only a high school diploma or equivalent, no job experience, and lower-demand skill sets will remain in lower paying and, in some cases, shrinking career fields. Jobs with the high tech sector (software publishing, computer equipment manufacturing) and the financial sector (securities and commodity exchanges) are among the highest paying. Some health care occupations remain among the top-earning specialties in the United States—with an annual median wage in May 2015 of more than $185,000—for similar reasons, notably eight years of education following by 3 to 7 years in professional internships and residency programs. The BLS data also indicates that employment of physicians and surgeons will increase by 14 percent through 2024, which is twice as fast as the average for all occupations.Workers with a high school diploma or equivalent and who lack work experience would be best paid as nuclear power reactor operators, at a median annual wage of $88,560. Employment in the field, however, is expected to decrease by 6 percent between 2014 and 2024, making the long-term on-the-job training, licensure, and drug and alcohol screening licensing processes to gain competency in the field somewhat less tolerable.

Alex Kulikov knoema.de://knoema.de/user/1847910
The Impact of Syrian Refugees on the Turkish Labor Market //knoema.de/yikebvb/the-impact-of-syrian-refugees-on-the-turkish-labor-market 2016-07-19T08:15:54Z Alina Buzanakova knoema.de://knoema.de/user/1293450
The Impact of Syrian Refugees on the Turkish Labor Market

Civil war in Syria has resulted in more than four million refugees fleeing the country, of which 1.8 million have found refuge in Turkey, making it the largest refugee-hosting country worldwide. Research by The World Bank finds that the refugees, who overwhelmingly do not have work permits, result in the large-scale displacement of informal, low-educated, female Turkish workers, especially in agriculture. While there is net displacement, the inflow of refugees also creates higher-wage formal jobs, allowing for occupational upgrading of Turkish workers. Average Turkish wages have increased primarily as the composition of the employed has changed because of the inflow of refugees.

Alina Buzanakova knoema.de://knoema.de/user/1293450
Meeting of Experts concerning Convention No. 185 //knoema.de/doefewb/meeting-of-experts-concerning-convention-no-185 2016-05-26T10:45:17Z Alina Buzanakova knoema.de://knoema.de/user/1293450
Meeting of Experts concerning Convention No. 185

At its 320th Session (March 2014), the Governing Body decided to hold a meeting involving both maritime and visa experts to examine the feasibility and to carry out a cost–benefit analysis of the various options, including those set out in GB.320/LILS/5, to address the issues involved in the implementation of the Seafarers’ Identity Documents Convention (Revised), 2003 (No. 185), for ratifying and non-ratifying flag States, port States and seafarer supplying States, as well as for shipowners and seafarers. The meeting will be attended by 32 experts nominated after consultation with governments, 16 Employer experts nominated after consultation with the Employers’ group and 16 Worker experts nominated after consultation with the Workers’ group of the Governing Body. Event Holder: International Labour Organization

Alina Buzanakova knoema.de://knoema.de/user/1293450
Tax-Benefit Calculator: How much income do the unemployed receive? //knoema.de/hdrmyif/tax-benefit-calculator-how-much-income-do-the-unemployed-receive 2016-05-17T16:53:01Z Alex Kulikov knoema.de://knoema.de/user/1847910
Tax-Benefit Calculator: How much income do the unemployed receive?

While everyone at one point in time either experiences or fears losing a job, it's probably a remarkable few who knows how taxes and social benefits in the countries they live would affect their unemployment income. We have created a simple tax-benefit calculator, based on data from the OECD, which provides information on unemployment benefits. For each country, you can choose from a selection of different family types and earnings levels to better understand the expected unemployment benefits compared to average net income during employment. On this page, you can examine the net replacement rate - the proportion of net income in work that is maintained after job loss - for OECD and some non-OECD member economies for multiple combinations of family types and earnings levels. Note: AW - average wage

Alex Kulikov knoema.de://knoema.de/user/1847910
Employment and unemployment //knoema.de/menyyog/employment-and-unemployment 2016-04-29T06:41:38Z Alex Kulikov knoema.de://knoema.de/user/1847910
Employment and unemployment

   With an unemployment rate of 5,6%, according to BLS estimates from the latest payroll report, the economic situation in the US perfectly match the targets of the US Federal Reserve System on unemployment (near 6%) and an inflation rate (about 2%). It is interesting that some other countries (China, for example), fits into that criteria well enough too (look at the first bubble chart). It has to be said that unemployment rate of 6% does not mean that only 6% of the adult population do not work. In fact, speaking about US, more than 40% of adults is not employed (look at that employment to population ratio indicator from the World Bank data, showing overall burden on earners). And the "unemployment rate" shows only the fraction of the actually not employed who want to work and are looking for a job (according to International Labour Organization "unemployed person" definition). The number seems large, but compare it to one of the Greece, Spain or Italy, where the majority of working age population earns nothing. No wonder to see the debt of those countries skyrocketed. Compare the countries and see the historical trend in unemployment rate and employment population ratio on the graph below the page. Note: please be awarethatin the countries with the significant share of population practicing some tradition religions such as Islam, women adhering to the traditional views being actually working, does not report as "employed" for the religious reasons. Thats partially explains low levels of employment rate conjoined with low level of unemployment rate at the same time in such countries.

Alex Kulikov knoema.de://knoema.de/user/1847910
Progress Towards Europe 2020 Headline Targets: Employment //knoema.de/skkotkc/progress-towards-europe-2020-headline-targets-employment 2016-04-22T05:31:49Z Alex Kulikov knoema.de://knoema.de/user/1847910
Progress Towards Europe 2020 Headline Targets: Employment

In 2008, the employment rate in the EU for the age group 20 to 64 peaked at 70.3%, after a period of steady increase. In the following years, employment trends reversed as a result of the unfavourable effect of the economic crisis on the European labour market. In 2009, the employment rate fell to 69.0% and has remained consistently low since 2010. In 2014, the rate slightly increased to 69.2%, marking a deviation of 5.8 percentage points from the Europe 2020 target of increasing the employment rate of the population aged 20 to 64 to at least 75%. Main page: Progress towards Europe 2020 headline targets

Alex Kulikov knoema.de://knoema.de/user/1847910
Tax-Benefit Calculator: How much income do the unemployed receive? //knoema.de/pbvshce/tax-benefit-calculator-how-much-income-do-the-unemployed-receive 2016-04-07T05:33:57Z Alex Kulikov knoema.de://knoema.de/user/1847910
Tax-Benefit Calculator: How much income do the unemployed receive?

While everyone at one point in time either experiences or fears losing a job, it's probably a remarkable few who knows how taxes and social benefits in the countries they live would affect their unemployment income. We have created a simple tax-benefit calculator, based on data from the OECD, which provides information on unemployment benefits. For each country, you can choose from a selection of different family types and earnings levels to better understand the expected unemployment benefits compared to average net income during employment. Note: Figures shown are annualised amounts expressed in local currency units, AW - average wage

Alex Kulikov knoema.de://knoema.de/user/1847910
Average duration of unemployment in different countries //knoema.de/unwbahb/average-duration-of-unemployment-in-different-countries 2016-04-06T13:25:27Z Alex Kulikov knoema.de://knoema.de/user/1847910
Average duration of unemployment in different countries

Alex Kulikov knoema.de://knoema.de/user/1847910
The Human Capital in Africa //knoema.de/hkwvoze/the-human-capital-in-africa 2016-03-22T19:16:33Z Misha Gusev knoema.de://knoema.de/user/1000560
The Human Capital in Africa

Talent, not capital, will be the key factor linking innovation, competitiveness and growth in the 21st century, and we must each understand better the global talent value chain. Better data and metrics are critical to this understanding. The Human Capital Index quantifies how countries are developing and deploying their human capital and tracks progress over time. This Report provides comprehensive information on the talent base in each country, including information on education levels of the employed, unemployed and the inactive members of the population as well as the specific qualifications of the latest entrants to the workforce. The Human Capital Index measures countries’ ability to maximize and leverage their human capital endowment. The index assesses Learning and Employment  outcomes across 5 distinct age groups, on a scale from 0 (worst) to 100 (best), and assesses 124 economies.  To estimare the index score 4 pillars are took into account: a) Education (Access, Quality, Attainment), b) Health and Wellness (Survival, Health, Well-being, Sevices), c) Workforce and Employment (Perticapation, Talent, Training), d) Enabling Environment (Infrastructure, Collaboration, Legal Framework, Social Mobility)  The Methodology is avaliable on World Economic Forum Portal Too see all data please visit: The Human Capital Report, 2015

Misha Gusev knoema.de://knoema.de/user/1000560
Why Young People Are Part-Time Employed in Europe //knoema.de/ameakqd/why-young-people-are-part-time-employed-in-europe 2015-11-21T10:32:59Z Alex Kulikov knoema.de://knoema.de/user/1847910
Why Young People Are Part-Time Employed in Europe

Owerview | Aggregated Analysis | Detailed Analysis by: Age, Sex and Reason, Sex, Age and Reason, Reason Sex and Age Specifications: 1) Reasons for part-time employment: CARE - looking after children or incapacitated adults, FAM - other family or personal responsibilities, ILL - own illness or disability, EDUC - in education or training, NOJOB - could not find a full-time job, OTH - other reasons; 2) Sex: M - male, F - female; 3) Age groups in years: 15-19, 15-24, 15-29, 20-24, 20-29, 25-59.

Alex Kulikov knoema.de://knoema.de/user/1847910
Why Young People Are Part-Time Employed in Europe //knoema.de/irjwzyf/why-young-people-are-part-time-employed-in-europe 2015-11-21T10:32:59Z Alex Kulikov knoema.de://knoema.de/user/1847910
Why Young People Are Part-Time Employed in Europe

Owerview | Aggregated Analysis | Detailed Analysis by: Age, Sex and Reason, Sex, Age and Reason, Reason Sex and Age Specifications: 1) Reasons for part-time employment: CARE - looking after children or incapacitated adults, FAM - other family or personal responsibilities, ILL - own illness or disability, EDUC - in education or training, NOJOB - could not find a full-time job, OTH - other reasons; 2) Sex: M - male, F - female; 3) Age groups in years: 15-19, 15-24, 15-29, 20-24, 20-29, 25-59.

Alex Kulikov knoema.de://knoema.de/user/1847910
Why Young People Are Part-Time Employed in Europe //knoema.de/mrtwuog/why-young-people-are-part-time-employed-in-europe 2015-11-21T10:32:57Z Alex Kulikov knoema.de://knoema.de/user/1847910
Why Young People Are Part-Time Employed in Europe

Owerview | Aggregated Analysis | Detailed Analysis by: Age, Sex and Reason, Sex, Age and Reason, Reason Sex and Age Specifications: 1) Reasons for part-time employment: CARE - looking after children or incapacitated adults, FAM - other family or personal responsibilities, ILL - own illness or disability, EDUC - in education or training, NOJOB - could not find a full-time job, OTH - other reasons; 2) Sex: M - male, F - female; 3) Age groups in years: 15-19, 15-24, 15-29, 20-24, 20-29, 25-59.

Alex Kulikov knoema.de://knoema.de/user/1847910
Why Young People Are Part-Time Employed in Europe //knoema.de/scvzfnf/why-young-people-are-part-time-employed-in-europe 2015-11-21T10:32:56Z Alex Kulikov knoema.de://knoema.de/user/1847910
Why Young People Are Part-Time Employed in Europe

Owerview | Aggregated Analysis | Detailed Analysis by: Age, Sex and Reason, Sex, Age and Reason, Reason Sex and Age Specifications: 1) Reasons for part-time employment: CARE - looking after children or incapacitated adults, FAM - other family or personal responsibilities, ILL - own illness or disability, EDUC - in education or training, NOJOB - could not find a full-time job, OTH - other reasons; 2) Sex: M - male, F - female; 3) Age groups in years: 15-19, 15-24, 15-29, 20-24, 20-29, 25-59.

Alex Kulikov knoema.de://knoema.de/user/1847910
Why Young People Are Part-Time Employed in Europe //knoema.de/sgvhtdd/why-young-people-are-part-time-employed-in-europe 2015-11-21T10:32:51Z Alex Kulikov knoema.de://knoema.de/user/1847910
Why Young People Are Part-Time Employed in Europe

Owerview | Aggregated Analysis | Detailed Analysis by: Age, Sex and Reason, Sex, Age and Reason, Reason Sex and Age Education is the main reason for part-time employment among the youth in Europe with 41.4% of people aged 15-29 years working part time due to this reason. Denmark is the leader in this regard as 78.4% of its young population is employed part time because of education and it keeps its leading position through the years. Moreover, this share increases to 84.1% when regarding younger part of the cohort under consideration, namely, people aged 15-24. The second most important reason for the part-time employment is absence of full-time job where Italy is on the top: this reason is responsible for about four fifths of part-time employment among the youths. The further consideration of statistics by age groups and reasons for part-time employment leads to some interesting findings. So, there is strong negative relationship between share of people aged 15-24 working part-time because of education and share of people aged 25-29 working part time because of absence of full-time job. Specifically, in average, each additional percent of the former cohort results in 0.7% decrease of the latter one. There again, Denmark, mentioned above for its leading position in the ranking by share of the youths employed part time due to education, is among the latest countries in the ranking by share of people aged 25-29 employed part-time because of absence of full-time job. On the contrary, Romania, where only 9.8% of people aged 15-24 work part-time because of education, 75.8% of people aged 25-29 work part-time because of absence full-time job. Another interesting finding derived from the analysis of differences between sexes is the following. In countries where more males work part-time because of absence of full-time job, less woman work part time because of childcare. Thus, in Austria where childcare is the reason for about 40% of part-time employment among women aged 25-29 only 16.7% of males work part time because of absence of full-time job. In Spain there is reverse situation: childcare accounts for only 6.6% of part-time employed women while absence of full-time job accounts for 80% of part-time employed men. This probably means that when more male population has well paid full-time job more women has the chance to take care after children. Specifications: 1) Reasons for part-time employment: CARE - looking after children or incapacitated adults, FAM - other family or personal responsibilities, ILL - own illness or disability, EDUC - in education or training, NOJOB - could not find a full-time job, OTH - other reasons; 2) Sex: M - male, F - female; 3) Age groups in years: 15-19, 15-24, 15-29, 20-24, 20-29, 25-59.

Alex Kulikov knoema.de://knoema.de/user/1847910
Employment, Demographic Change, and Well-Being: Avoiding Poverty among the Elderly in Aging Populations //knoema.de/dshfyc/employment-demographic-change-and-well-being-avoiding-poverty-among-the-elderly-in-aging-populations 2015-10-26T14:42:13Z Alina Buzanakova knoema.de://knoema.de/user/1293450
Employment, Demographic Change, and Well-Being: Avoiding Poverty among the Elderly in Aging Populations

Across the middle-income countries of the developing world, policy makers are keenly aware that increased longevity and aging populations will place significant and growing burdens on working age adults in the near future. Event holder: The World Bank

Alina Buzanakova knoema.de://knoema.de/user/1293450
US Regional Statistics //knoema.de/ckeosyd/us-regional-statistics 2015-10-26T12:07:33Z Balaji S knoema.de://knoema.de/user/1000220
US Regional Statistics

Balaji S knoema.de://knoema.de/user/1000220
US State Profile //knoema.de/fucgieg/us-state-profile 2015-10-26T11:52:04Z Misha Gusev knoema.de://knoema.de/user/1000560
US State Profile

Misha Gusev knoema.de://knoema.de/user/1000560
US Nonfarm Payrolls estimates and revisions //knoema.de/fozgutf/us-nonfarm-payrolls-estimates-and-revisions 2015-04-03T23:22:51Z Alex Kulikov knoema.de://knoema.de/user/1847910
US Nonfarm Payrolls estimates and revisions

The latest empoyment situation report, issued by the US Bureau of Labor Statistics on Fri 3 Apr was a huge disappointment. Payrolls increased by only 126,000 workers in March, the smallest gain since December 2013 and much weaker than the economists' most pessimistic forecasts. Moreover, the payroll numbers for the two previous months were significantly revised down (-56,000 compared to initial estimate for the January and -31,000 for the February). The Labor Department data capped a week of reports suggesting the economy is losing momentum, calling into question whether the recovery is strong enough to justify the Federal Reserve raising rates at the same time fueling speculation that signs of a slowdown will hurt earnings. US Treasuries climbed and the US dollar immediately weakened after worse-than-forecast U.S. payrolls bolstered the case for keeping interest rates lower for longer. U.S. stock futures tumbled amid concern economic growth softened in the first quarter. However, it should be noted that these seasonal adjusted numbers are differ from the raw data enormously. Stats without seasonal adjustments doesn't show any unusual changes (see the graph at the bottom), so the current true state of the US labor market is still questioned. In this dashboard you can inspect monthly BLS Payroll Data and it's revisions since 1979. Select the indicator on the data card to see the full history of the time-series. Source: US Nonfarm Payroll Employment over-the-month estimates and revisions, March 2015

Alex Kulikov knoema.de://knoema.de/user/1847910
Labor Market //knoema.de/yrchloc/labor-market 2014-11-17T08:24:43Z Misha Gusev knoema.de://knoema.de/user/1000140
Labor Market

Select Country in the drop-down window at the right

Misha Gusev knoema.de://knoema.de/user/1000140
A Quick Glance on Women Farmers around the world //knoema.de/qsvujrc/a-quick-glance-on-women-farmers-around-the-world 2014-11-06T09:34:12Z Balaji S knoema.de://knoema.de/user/1000220
A Quick Glance on Women Farmers around the world

Balaji S knoema.de://knoema.de/user/1000220
Quality of Human Capital //knoema.de/bkeouqc/quality-of-human-capital 2014-09-12T09:52:58Z Misha Gusev knoema.de://knoema.de/user/1000560
Quality of Human Capital

Quality of human capital is key contributor to increase of productivity and economic growth. Out of 40 countries covered by WIOD database, South Korea has the largest share of high-skilled personnel in labor force (almost 50%). The share of high-skilled labor in other BRICS countries is much lower - 16% Brazil, 14%-Russia, 7%-India, 6.5%-China. Despite relatively low share of high-skilled workers, China has already outpaced United States in terms of total number of high-qualified personnel (50.4 vs 50.2 million people in 2009).

Misha Gusev knoema.de://knoema.de/user/1000560
Working Life Expectancy in Europe //knoema.de/esgmmo/working-life-expectancy-in-europe 2014-07-04T09:18:11Z Alex Kulikov knoema.de://knoema.de/user/1847910
Working Life Expectancy in Europe

While unemployment rate as well as other standard indicators of economic activity focus on specific stages of person's life cycle, duration of working life indicator (DWL) or, in other words, working life expectancy, captures the entire life cycle of active and employed population. Created with the purpose of monitoring progress made under the Europe 2020 employment strategy, this indicator shows the number of years a person aged 15 years is expected to be economically active in the labor market along his or her life. Thus, Iceland is the leader among European countries in the duration of working life: here people are expected to spend 44 years on economic activities or a bit more than the half of life (82 years in 2011), expressed through life expectancy at birth. Long active life is actually specific for major North European countries: Sweden, Netherlands, Norway and Denmark are all in top-10 countries by working life expectancy. People in Southern states, such as Italy, Malta, Hungary, Croatia, are, on the contrary, expected to spend comparatively less time on working. So, in Italy, expected duration of working life is almost 3 times as less as the expected duration of the whole life (29 against 83 years). Concerning differences in activity patterns between sexes, it is only Lithuania, where women are expected to have longer economically active life than men (though the difference is slight - only a half of year), while all the other European countries experience opposite tendency. However, this difference is gradually shrinking: only in 8 countries difference between males and females was increasing in average from 2000 to 2012. All the other nations including European Union as a whole demonstrate the tendency to level down difference between sexes in the duration of working life with the Spain as a leader, where the difference reduced by 7.3 years during the last decade. All in all, duration of working life has increased in all European countries except Iceland and Romania through the period from 2000 to 2012. Well, till health allows to work more, as life expectancy and working life expectancy are positively related, there is no reason to stop as longer economically active life means more wealth for the population of the country. Note: A.00-12 means average for the period 2000-2012 while C.00-12 means absolute change from 2000 to 2012. Difference (M-F) stands for absolute difference between values for males and females. List of data sources is presented at the bottom of the the page. Take a look at static infographics.

Alex Kulikov knoema.de://knoema.de/user/1847910
Social Justice //knoema.de/igcpumb/social-justice 2013-11-22T09:53:32Z International Comparisons knoema.de://knoema.de/user/1100180
Social Justice

OECD's Social Justice Index is based on the following measures: poverty prevention, access to education, labor market inclusion, social cohesion and non-discrimination, health, and intergererational justice.

International Comparisons knoema.de://knoema.de/user/1100180
Select Metros Employment //knoema.de/bxswpkf/select-metros-employment 2012-08-24T19:21:12Z Misha Gusev knoema.de://knoema.de/user/1000560
Select Metros Employment

Select Metro in the drop-down window above

Misha Gusev knoema.de://knoema.de/user/1000560
Number of jobs advertised in Uganda 2004 -2008 //knoema.de/lwiryeg/number-of-jobs-advertised-in-uganda-2004-2008 2012-04-11T17:27:06Z Celestine Kats knoema.de://knoema.de/user/1008030
Number of jobs advertised in Uganda 2004 -2008

Celestine Kats knoema.de://knoema.de/user/1008030
Number of unemployed per one employed and unemployment rate //knoema.de/hghjzne/number-of-unemployed-per-one-employed-and-unemployment-rate 2012-04-11T17:26:40Z Misha Gusev knoema.de://knoema.de/user/1000140
Number of unemployed per one employed and unemployment rate

Misha Gusev knoema.de://knoema.de/user/1000140