The gap between rich and poor has increased, the number of homeless is growing, the nation has come to accept 7 per
cent unemployment as economic success, and the existence of a trapped underclass is perceived as normal.
Not exact matches
The
unemployment rate (6.2 per
cent in August) is about
as low is it ever gets, and could push lower still.
In Canada, the latest data from Statistics Canada shows that self - employment rose by 23,400 in June
as the
unemployment rate rose to 7.1 per
cent in June.
This group of occupations has an
unemployment rate of just over 1 per
cent and wages that are «rising by an average annual rate of 3.9 per
cent — more than double the rate seen in the economy
as a whole.»
The
unemployment rate in Western Australia was unchanged at 6.1 per
cent in September, however it disguised a fall in employment
as the number of people working fell by over 9,000 during the month.
The overall youth
unemployment rate was 12 per
cent, little changed from previous jobs reports,
as more young people participated in the labour market.
An oil price crash and an
unemployment rate that spiked to nine per
cent last year did not cause the residential real estate market to crater,
as some feared.
It predicts that
unemployment will fall
as low
as 6.4 per
cent next year, down from 6.5 per
cent in its June forecast.
An
unemployment rate of 6.2 per
cent is very low by historical standards,
as it has dropped below six per
cent only a handful of times.
Accordingly, with the economy expected to pick up and the
unemployment rate to come down gradually
as the mining investment transition came to an end, the Board judged it appropriate to hold the cash rate at 1.5 per
cent.
If our friends at Deutsche Bank are right in forecasting the US
unemployment rate to decline from the current 17 year low of 4.1 per
cent to 3.2 per
cent by - late 2019, the US Federal Reserve are going to have a delicate balancing act
as they lift the cash rate in trying to keep inflationary expectations under control.
Just five months ago, the bank's new governor pledged that the BoE would not consider tightening monetary policy until
unemployment fell to 7 per
cent so long
as inflationary pressures remained in check.
While a low
unemployment rate can indicate tight labour - market conditions, the 2017 average hourly wage of full - time and part - time employees combined grew by only 1.7 per
cent — the lowest year - over-year growth since 1998 and more or less at the same rate
as consumer price inflation.
In spite of those gains, the
unemployment rate in manufacturing jumped from 4.5 per
cent to 5.1 per
cent,
as the sector was unable to absorb a significant influx of new workers.
The
unemployment rate for the euro area
as a whole stood at 8.9 per
cent in June, up almost 1 percentage point from the late 2001 trough.
The labour market has also remained weak, with the
unemployment rate continuing to hover around 5 1/4 to 5 1/2 per
cent,
as has been the case for the past 18 months or so.
The
unemployment rate has edged lower over the past few months to 6.1 per
cent in September, and other indicators, such
as new claims for
unemployment benefits, are also showing signs of stronger labour demand.
As a result of this convergence, the
unemployment rate is now below 7 per
cent in all states for the first time since the 1970s.
The province's
unemployment rate rose to 7.0 per
cent from 4.7 per
cent in 2015 and an ATB financial economist warns it could rise to
as much
as eight per
cent before workers start leaving the province.
Not only are its people more polarized than ever over Puerto Rico's status question — whether to become a sovereign nation, become a state of the U.S. or stay
as it is; it is the most impoverished North American territory, with an external debt of over $ 7 billion, an
unemployment rate of more than 20 per
cent, 65 per
cent of its people on federal food stamps and 38 per
cent who have an income below the poverty line.
To me, the greatest scandal of all is the bland indifference to this fact on the part of those who have the most power in our country: in many cities, 40 per
cent of the young people are without work and may well belong permanently to a subculture of
unemployment even after the economy
as a whole recovers from recession.
All states except Western Australia recorded declines in employment and, naturally, Tasmania came in
as the perennial holder of record with 7.7 per
cent unemployment.
It is easy to see why commentators often point to the interaction between this «influx» of foreigners and the country's difficult economic context — the
unemployment rate stands at 25 per
cent —
as the root cause of the crisis.
The 1950s and 1960s saw a very low rate of
unemployment (around 3 per
cent on average)
as a result of the «postwar boom».
But the IPPR argues achieving full employment - which it defines
as five per
cent unemployment and an 80 % employment rate for the non-student working age population - could make a big difference to the UK.
There have been renewed concerns about the economy after official figures showed a 0.5 per
cent jump in the rate of
unemployment from the previous quarter
as 164,000 people lost their jobs.
-
As growth fell and
unemployment rose, suicides among men rose by between 1.4 and 2.2 per
cent, respectively;
As a result of the drought, grain prices rose 27 per
cent between 2008 and 2010, and mass migration into slums with few job opportunities meant that
unemployment soared in a mostly young population — a recipe for unrest.
In Spain, there is 92 per
cent of
unemployment as actors,» Bardem told PTI.
But they are slightly more optimistic about
unemployment, predicting it could fall
as low
as 6.3 per
cent in 2014, down from a low of 6.4 per
cent forecasted in September.
An oil price crash and an
unemployment rate that spiked to nine per
cent last year did not cause the residential real estate market to crater,
as some feared.
As the worst years of the Depression hit — causing 25 per
cent unemployment, the closure of some 5,000 banks and the migration of hundreds of thousands of Americans to shantytowns — Evans spent two months in West Virginia and Pennsylvania.
In Denver, in a state with just three per
cent unemployment, 10 per
cent of employers that screen for drugs had dropped marijuana
as of 2016, according to a survey by the Employers Council, which provides corporate legal and human resources services.
In Germany, the youth
unemployment rate is
as low
as seven per
cent.