Job Market Monitor
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Digital Skills Most In Demand in Job Postings in Canada – Not highly technical programming languages, but everyday digital skills
To illuminate the different combinations of skills that Canadians need to be competitive in the labour market, we have partnered with Burning Glass Technologies (Burning Glass) to examine job posting data from January 2012 to December 2018. This data covers all of the English- language online job postings in Canada, and reflects the combination of … Continue reading
Postes Vacants au Québec (T3 2019) – 137 530, une augmentation de de 16,2 % en un an
Au Québec, le nombre de postes vacants a augmenté de 16,2 % (+19 100) comparativement au troisième trimestre de 2018. Les hausses se sont réparties entre plusieurs secteurs d’activité, et près de la moitié d’entre elles étaient attribuables au commerce de détail, ainsi qu’aux soins de santé et à l’assistance sociale. Dans la province, des augmentations du nombre de … Continue reading
Gig Economy in Canada – Rose from 5.5% to 8.2% between 2005 to 2016, with low annual income
The gig economy is a much-discussed global phenomenon, and mainstream and social media continue to speculate about the number of gig workers in Canada. Gig workers are usually not employed on a long-term basis by a single firm; instead, they enter into various contracts with firms or individuals (task requesters) to complete a specific task … Continue reading
Future of Work – The challenge is not that they create too few jobs, but rather that too few workers have the skills
The challenge that all new technologies pose is not that they create too few jobs, but rather that too few workers have the skills to fill them. Just as some jobs benefit from the new technologies, while others become obsolete, so, too, some skills become more valuable, while others are substitutable. The automobile boosted the … Continue reading
Economics – The big story over the last decade
Low interest rates have left the Fed backed into a corner David Wessel One of the biggest economic stories of the 2010s is interest rates and how low they are. At the beginning of the decade, the Congressional Budget Office forecast that the yield on 10-year Treasury bonds would average around 5% during the 2010s. … Continue reading
Two Recessions and Recoveries in US – The trajectories side-by-side
The Great Recession of 2007-2009 was one of the deepest downturns of the U.S. economy since World War II. Triggered by crises in the housing and financial markets, the recession evokes memories of homes in foreclosure, the collapse of Lehman Brothers, and bailouts for businesses in the auto, banking and financial sectors. The subsequent expansion began … Continue reading
Labour Costs in Europe (Q3 2019) – Annual growth at 3.1% in EU28
Hourly labour costs rose by 2.6% in the euro area (EA19) and by 3.1% in the EU28 in the third quarter of 2019, compared with the same quarter of the previous year. In the second quarter of 2019, hourly labour costs increased by 2.8% and 3.2% respectively. These figures are published by Eurostat, the statistical … Continue reading
Job Vacancies in Europe (Q3 2019) – Euro area rate at 2.2%
The job vacancy rate in the euro area (EA19) was 2.2% in the third quarter of 2019, down from 2.3% in the previous quarter and up from 2.1% in the third quarter of 2018, according to figures published by Eurostat, the statistical office of the European Union. In the EU28, the job vacancy rate was … Continue reading
Formation de la Main-d’Oeuvre en Europe – Les trois groupes de pays
Construction de la typologie : les trois groupes de pays sont différenciés par une classification ascendante hiérarchique réalisée à partir des variables nationales agrégées suivantes (« réduites », c’est-à-dire rapportées à leurs écarts-types) : part d’entreprises formatrices (par cours et stages et autres formes),taux d’accès aux cours et stages (par taille d’entreprise : de 10 … Continue reading
Immigrants in Canada – Recent immigrants have higher entry wages and more work experience prior to admission than before
Immigrants admitted to Canada in 2016 reported a median entry wage of $25,900 in 2017, the highest recorded among immigrants admitted since 1981. Although the entry wages of recent immigrants have increased over the past few years, their income remains lower than that of the overall Canadian population. The Canadian Income Survey estimated the Canadian population’s median wage at $36,100 in 2017. … Continue reading
Skills in US – Talent is America’s most precious resource
In his recent book, The Gift of Global Talent, Harvard economist William R. Kerr argues that talent is the world’s most precious resource. Across America’s network of regional economies, this is undoubtedly true. The collective knowledge and capabilities of the U.S. workforce is worth an estimated $240 trillion—four times more valuable than the country’s physical … Continue reading
Industrial Production in Europe (October 2019) – Down by 0.5% in Euro Area
In October 2019 compared with September 2019, seasonally adjusted industrial production fell by 0.5% in the euro area (EA19) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September 2019, industrial production fell by 0.1% in the euro area and rose by 0.1% in the … Continue reading
STEM-educated Immigrants in Canada – The country of education appears to be an important determinant
This paper examines the skill utilization and earnings of employed immigrants with a university degree in the science, technology, engineering, and mathematics (STEM) fields. Unlike earlier papers, which dealt with immigrant STEM graduates as a whole, this paper disaggregates the results by field of study and degree level (bachelor’s, master’s, and doctoral). In 2016, immigrants … Continue reading
Over-education Immigration in Canada – Recent immigrants experienced a clear occupational downgrading
The educational attainment of the Canadian population has been rising rapidly in recent decades. There is concern that educational expansion has outpaced demand, leading to an increased prevalence of over-education. Over-education is defined as educational qualification that exceeds what is required to adequately perform the job. This study uses census data to document the rising … Continue reading
Upskilling – 366,000 people in 197 countries surveyed
In one of the largest global surveys of labor trends and work preferences, BCG and online recruiting company the Network surveyed 366,000 people in 197 countries. The results revealed that most people are prepared to retrain for a new position. If people feel that their livelihoods are affected by global megatrends, it follows that … Continue reading
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