The latest US (un) employment figures were really bad, actually. The unemployment rate rose to 9.2% in June from 9.1% in May, while employees on nonfarm payrolls increased by only 18,000 (versus the consensus estimate of 100,000+). I never read too much into a single payroll report, but this one is quite bad. Also, the… [Read more]
Mark Schaltuper, Head of Europe analysis at Business Monitor International, is joined by Justin Patrie, Head of Country Risk and Financial Markets, and Jean-Paul Pigat, Head of Middle East and North Africa analysis, to identify some of the key sources of risk to the global economy.
Today, in Business Monitor Online: Governments across the Middle East and North Africa (MENA) are facing a massive demographic challenge as large, rapidly growing young populations enter the workforce over the coming years. Failure to invest in labour-intensive infrastructure projects or make necessary reforms to employment law in an effort to stimulate job creation could… [Read more]
With the US economy emerging out of recession, a big question will be what happens to the labour market. The US continues to record job losses every month, despite signs that real GDP is returning to positive growth, and while unemployment tends to be a lagging indicator, BMI’s Tim Cooper notes that underlying structural shifts… [Read more]
It is generally thought that yesterday’s fall in US continuing unemployment claims was another ‘green shoot’ of economic recovery. Not so fast. As Mike Shedlock over at www.globaleconomicanalysis.blogspot.com points out, the devil was in the detail. ‘Fewer people are receiving jobless aid largely because more of them have exhausted their standard unemployment benefits, which typically… [Read more]
