Job Market Monitor

The qualifications achieved in schools, colleges and universities, the brand of an educational institution or an employer, the social networks of a potential job applicant are all signals currently used to indicate the potential fit between individuals’ capabilities and job opportunities in the labour market. This system of skills proxies contributes to negative outcomes in … Continue reading →

Workplaces are changing quickly. Machines or algorithms are replacing some tasks, and new and changing jobs require additional technical skills. To keep pace with these changes in current and future jobs, the ability to keep learning is the most important basic skill for any job. Because literacy is the most important “learning to learn skill,” … Continue reading →

Skill systems are an important component of country competitiveness and, in aggregate, of the European Union (EU) as a whole. Several key principles of the European pillar of social rights are built around a well-functioning and inclusive labour market with education, training and lifelong learning at the heart. At the same time, the New skills agenda … Continue reading →

The new technologies hold promises but also significant challenges. Advances in digitalization, artificial intelligence, and automation promise to raise productivity and growth, but they are also bound to reshape the economy and the way we work, with the potential to increase inequality. Given the dimension of the possible changes, it will take a comprehensive and … Continue reading →

WE ASKED: WHAT AGE IS ‘OLD’?  Answer : 59 Female respondents chose 61 as ‘old,’ whereas those identified as male went with 56. PERCEPTIONS OF AGING #1 “People’s driving skills decline as they age.” #2“ As people age, they become lonelier.” #3“ People like their bodies less when they get old.” #4“ As people get … Continue reading →

For several decades now, the employment rate among prime-age U.S adults has been falling. Less-educated males have experienced the largest drop in employment, but the troubling trends in participation are not limited to this group. Employment rates among women, which had been rising since the late 1960s, have stagnated and in some recent years declined. … Continue reading →

The UK’s jobs surge of recent years should not be underestimated, just because it’s old news. With unemployment hovering just above 4 per cent all year it’s easy to forget that as recently as 2016 the Office for Budget Responsibility thought 5.5 per cent was as low as we could sustainably go. We live and … 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 →

The term ‘minimum wage’ refers to the various legal restrictions governing the lowest rate payable by employers to workers, regulated by formal laws or statutes. This report provides information on statutory minimum wages that are generally applicable in a country and not limited to specific sectors, occupations or groups of employees. While the scope of … Continue reading →

Employers continue to endorse broad learning as essential to long-term career success. When hiring, executives and hiring managers place a high priority on graduates’ demonstrated proficiency in skills and knowledge that cut across majors, and hiring managers are closely aligned with executives in the importance that they place on key college learning outcomes. As noted … Continue reading →

This report tracks annual hours worked by prime-age adults by gender, race, ethnicity, wage level, and family structure. The trends across so many different groups are hard to summarize briefly, but one particular pattern stands out: workers seem to be increasingly separating into two groups: prime-age adults who are falling out of, or never get … Continue reading →

The workforce strategy of firms is increasingly important for competitiveness and for producing at high quality and low costs. Firms must decide on the mix of skills and wages for current and future operations and on whether to train skilled workers or hire them from the open labour market. While traditional human capital theory states … 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 →