Read this for news on the world economy, or just enjoy the interesting words the Brits use to describe their unemployment: Jobseekers Allowance (unemployment benefits), shadow work (?)… UK unemployment total falls to 2.58m The unemployment rate fell to 8.1% in the period, down from 8.3% in the previous quarter. The ONS figures showed that the …
Tag Archives: employment
U.S. unemployment drops to 8.0% – Gallup reports, May 2012
U.S. unemployment, as measured by Gallup without seasonal adjustment, dropped to 8.0% in May, a new low since Gallup began measuring employment in 2010, and more than a full percentage-point decline from May 2011. Gallup’s seasonally adjusted number for May is 8.3%, down from 8.6% in April. However, that remains higher than the seasonally adjusted …
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The long-term unemployed make up half of those unemployed
4 important facts about unemployment from economist Lee Ohanian: The economy should be creating 500,000 jobs/month, instead of 200,000. Long-term unemployed makes up half of those unemployed, and they have little or no value in our economy. The retirement age is certainly going to rise. Those with only a high school degree or less are …
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