Job Market Monitor

Millennials are often held up as the face of the new world or derided as symbolic of our current world’s problems. They are praised for being more socially minded, willing to challenge the status quo and able to use rapidly evolving technology to solve the issues that face them but, at the same time, they … Continue reading →

The gig economy is a category of work that is still largely undefined and unrecognized by U.S. policy, from the local up to the federal level. Nevertheless, the gig economy is growing and influencing the way that Americans view work, which poses a number of challenges for counties. 1. SHIFTING MINDSET OF WORK The growth … Continue reading →

Computing power continues to grow at an enormous rate. Simultaneously, more and better data is increasingly available and Machine Learning methods have seen significant breakthroughs in the recent past. All this pushes further the boundary of what machines can do. Nowadays increasingly complex tasks are automatable at a precision which seemed infeasible only few years … Continue reading →

There are several reasons why current technological progress differs from the past. Innovation cycles are faster. Firms can engage in rapid product prototyping and marketing. Many organisations are less dependent on a core workforce, as they can draw on the power of the crowd and online (platform) labour. The digital world also allows for fast … Continue reading →

Labour markets are currently in a phase of cyclical recovery and undergoing structural transformation due to globalisation, demographic trends, advancing digital technologies and automation and changes in labour market institutions. Against this background, businesses increasingly report that the limited availability of skills poses an impediment to corporate investment. Genuine skill constraints can negatively affect labour … Continue reading →

From switchboard operator to film projectionist, three industrial revolutions down and we’ve already seen many jobs wiped from the face of the Earth. Emerging technology is rapidly dispensing P45s, pink slips or termination letters to the next round of workers. More than half the global labour force will need to start reskilling and reinventing how … Continue reading →

By Lucy Wyndham Social media has opened a new landscape for workers to define an occupational space unique to themselves. Candidates for employment are demonstrating their trust in social media as a job scouting tool, with 69% of active candidates being more likely to apply for a job at a company that manages their own employer brand. … Continue reading →

In general, the term overeducation refers to a job match in which the educational level of the worker clearly exceeds the educational requirements of the job. In the terminology of labour economics, this is often considered a vertical skill mismatch, as opposed to horizontal mismatches (workers choosing jobs with requirements outside the scope of their … Continue reading →

The CIPD’s report Over-skilled and underused: Investigating the untapped potential of UK skills, based on a representative survey of over 3,700 UK employees and online focus groups, explores how well people’s skills are used and developed in the workplace. The survey found that more than a third (37%) of workers have the skills to cope … Continue reading →

This report looks at recent trends in flexible working, and since we have to set boundaries around the analysis, we’ve concentrated on trends in when and where work is done Flexible working is not easily defined. This is because it is often seen by what it isn’t – not the 9-to-5, not the daily commute … Continue reading →

In 2017, in the European Union (EU), there were more than 228 million employed people, and about 33 million of them were self-employed. Self-employed people in the EU reported several reasons for becoming self- employed in the current job: suitable opportunity (23%), continuation of the family business (16%), usual practice in the field (15%), flexible … Continue reading →

By Lucy Wyndham –  With 58% of the U.S. workforce expected to be freelancing 10 years from now, according to a Flexjobs blog post, it’s easy to see why more and more people are interested in work-from-home jobs. Despite this positive trend, the sad truth is that cases of fake job scams are increasing by the day. … Continue reading →

Based on data from the World Bank and using a sample of forty-three developing economies, the author finds that the growth rate of per capita GDP is linearly dependent upon population growth, both the young and old dependency ratios, the mortality rate. Continue reading →