Job Market Monitor
Michel Cournoyer
Future of Work – Five stereotypical claims that are often advanced in debates
In this comprehensive but readable commentary, our Director Jim Stanford challenges five stereotypical claims that are often advanced in debates over the future of work: Work is not disappearing; it can’t. Technology is not accelerating. “Gigs” aren’t even new. Technology is often more about relationships than productivity. Skills are not a magic bullet. On #5: … Continue reading
Grads in US – Recent college graduates are more likely to be out of work than the population as a whole
Millions of Americans are seeing little return from their expensive college degrees — even in today’s hot job market. For the first time in decades, recent college graduates are more likely to be out of work than the population as a whole, according to the New York Federal Reserve. And for the lower-earning half of … Continue reading
Étudiants Postsecondaires au Canada – Hausse pour une troisième année universitaire consécutive grâce aux étudiants de originaires de la Chine et de l’Inde
Les effectifs des universités et des collèges publics canadiens ont augmenté pour une troisième année universitaire consécutive en 2017-2018. Cette augmentation s’explique principalement par l’accroissement des inscriptions d’étudiants internationaux, en particulier ceux originaires de la Chine et de l’Inde. Plus de 2,1 millions d’étudiants se sont inscrits à des universités ou à des collèges publics canadiens au cours … Continue reading
Seasonal Workers – Principles to guide future programs reforms in Europe experience
While there are limited opportunities for low-skilled workers to migrate legally to the European Union, seasonal migration forms an important exception. EU Member States, like countries elsewhere in the world, often rely on workers from other countries to meet their seasonal labour needs in sectors such as agriculture, hospitality, and tourism. Some Member States (such … Continue reading
Wages Inequalities in Canada – 60% of the dispersion in individual employment earnings is accounted for by worker characteristics within firms, and the remaining 40% by firm characteristics
While the productivity gap between the top 10% of firms in the productivity distribution and other firms in the Canadian economy has increased since 2000, it has not resulted in a widening of the employment earnings distribution. The employment earnings gap between workers in the top and bottom ends of the earnings distribution has actually declined over … Continue reading
Job Cuts – HSBC to cut 35,000 jobs worldwide
Bank warns of ‘meaningful’ job losses in UK and of impact of coronavirus outbreak in Asia The bulk of HSBC’s profits come from Asia, which has been hit by the coronavirus outbreak. HSBC has said it will slash 35,000 jobs over three years as part of a major shake-up as it issued a warning over … Continue reading
Skills and Education in Canada – Students find it challenging to translate their understanding of skill requirements into concrete choices about education, training and careers
When stepping into post-secondary education, students are at crossroads while they make important decisions and investments amid considerable uncertainty. While this may be the unavoidable norm, better career development and targeted labour market information (LMI) can support students in making informed career decisions and successful transitions by providing data and insights on educational and labour … Continue reading
Mon Compte Formation en France – 136 000 formations ont été acceptées en 3 mois via l’application, les deux tiers pour des ouvriers et employés
«Les gens ont voulu d’abord savoir combien ils avaient en euros sur le CPF», explique l’entourage de la ministre Muriel Pénicaud. Succès pour «mon compte formation». Lancée il y a trois mois, cette application a déjà donné lieu à 136.000 dossiers acceptés, dont les deux tiers par des ouvriers et des employés selon le ministère … Continue reading
US – Industrial production declined 0.3 percent in January
Industrial production declined 0.3 percent in January, as unseasonably warm weather held down the output of utilities and as a major manufacturer significantly slowed production of civilian aircraft. The index for manufacturing edged down 0.1 percent in January; excluding the production of aircraft and parts, factory output advanced 0.3 percent. The index for mining rose 1.2 percent. At 109.2 percent … Continue reading
Immigrants and Wage Distribution in US – A one percentage point increase in the share of foreign-born leads to a 0.2–0.3 percent wage decrease in the bottom decile research finds
Since the early 1980s, the stock of immigrants to the US has been rapidly increasing and potentially disrupting labor markets across the country. Over the same period, the US wage distribution has experienced significant and uneven changes. Traditional economic models predict that foreign-born can affect relative wages so long, they alter the relative supplies of … Continue reading
Skill Gap – 87 percent of companies say they either are experiencing gaps now or expect them within a few years
The findings from our survey suggest that companies lack the talent they will need in the future: 44 percent of respondents say their organizations will face skill gaps within the next five years, and another 43 percent report existing skill gaps (Exhibit 1). In other words, 87 percent say they either are experiencing gaps now … Continue reading
Canada – Population growth concentrated in urban regions, fuelled by permanent and temporary immigration
Canada continues to be more urbanized as the population of Canada’s census metropolitan areas (CMAs) rose to 27.0 million (71.7%). CMAs outpaced growth in the rest of the country (1.7% versus 0.6%). Permanent and temporary immigration continues to drive population growth in Canada’s CMAs, accounting for almost all of their growth in 2018/2019. In contrast, international migration accounted for … Continue reading
Closing the Skills Gap – IBM’s enterprise guide
Skills availability and quality are in jeopardy The skills challenge will not dissipate; in fact, it’s increasing in severity. Global labor markets are only tightening, as unemployment rates continue to decline. Compounding the issue, new skills requirements continue to emerge, while other skills are becoming obsolete. And while digital skills remain vital, executives tell us … Continue reading
Youth Workforce Development – Business leaders and other stakeholders should address four primary challenges
Using input from youth, representatives throughout the business community, and nonprofits, think tanks, and academia, the report’s objective is to move past the narrow question of which skills are needed and pursue the broader issue of how the business community can prepare today’s youth for 4IR. Business leaders and other stakeholders should address four primary … Continue reading
Higher Education and Labour Market – Maths and English, attitudes towards HE formed by age 14 and parental advice and aspirations are determining pathways
In this paper, we evaluate the education-to-employment transitions of young people in the years immediately following the end of their compulsory schooling and as they enter the labour market for the first time. We construct their detailed post-school histories and examine their early labour market experiences, in order to address three main research questions: 1. … Continue reading
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