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U S Teens Return To Pre-Pandemic Employment Levels
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Jobless youth: All plans but little to show for it What is wrong?
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The measures put in place by national governments to reduce the spread of the Coronavirus (Covid-19) may have impacted on the ability to field surveys, and so, in turn, on the quality of statistics typically produced. In addition, because of differences in national practices used to determine whether individuals are unemployed when under confinement, international comparability has also been affected. See the note on the divergence in employment and unemployment statistics during the Covid-19 crisis.
[1] Some care is needed in interpreting the fall in the OECD area unemployment rate compared to the April 2020 peak, as this largely reflects the return of temporary laid-off workers in the United States and Canada, where they are recorded as unemployed. For Canada and the United States, the statistical treatment of people on temporary layoff is different from other countries, where these people are typically recorded as employed. See the note on the divergence in employment and
Unemployment Rates, OECD - Updated: May 2021
Marginal fall in OECD unemployment rate in March 2021, to 6.5%, 1.2 percentage points above its pre-pandemic level
10 May 2021 - The
OECD area unemployment rate continued to decline slightly in March 2021, to 6.5% (from 6.6% in February 2021). It remained 1.2 percentage points above the rate observed in February 2020, before the COVID-19 pandemic hit the labour market.
1
In March, a marginal decline of the unemployment rate was also observed in the
euro area, (to 8.1%, from 8.2% in February 2021), where the largest falls (0.2 percentage point or more) were registered in
Finland (to 7.7%),
Spain (to 15.3%).
Canada (to 7.5%), 0.5 percentage point in
Colombia (to 13.8%), 0.3 percentage point in
James Emejo in Abuja
The National Bureau of Statistics (NBS), yesterday accused the Minister of Labour and Employment, Senator Chris Ngige, of distorting facts and casting aspersion on the credibility of the employment statistics they produced.
Yesterday, the Minister had through the verified official twitter handle of the ministry, alleged that the country’s employment data might be inaccurate, particularly the methodology used in arriving at the figures.
He stated further that the World Bank had also queried the methodology adopted as it does not conform with global standards, especially that of the International Labour Organisation (ILO).
Ngige tweeted: “There has been a little confusion as to the accuracy of data generated by the NBS. So, we want to align everything tomorrow. The World Bank says the NBS methodology doesn’t conform with the global standard, especially the ILO format of arriving at such Employment Index.”
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