Michel Cournoyer

Michel Cournoyer has written 10332 posts for Job Market Monitor

Covid, Immigration and Labour Markets in Europe – Policymakers should take steps to clearly communicate the rationale behind labour migration policies

The response to the COVID-19 pandemic has brought about a historic economic recession with significant consequences for employment and, in turn, immigration and skills policy. While it remains to be seen how lasting the pandemic’s effects will be on the worst-hit sectors, such as hospitality, leisure, and tourism, the crisis appears to be entrenching existing … Continue reading

Skills and Credential Chaos in US – New reports find nearly one million credentials and $2t in yearly education and training expenditures

Today, Credential Engine released two reports that offer unprecedented understanding of the credential landscape. The first report, Counting U.S. Postsecondary and Secondary Credentials, offers the most accurate and robust estimate of credentials across 16 categories—including both traditional degrees, certificates, certifications, licenses and apprenticeships as well as non-traditional offerings such as badges. The report estimates that … Continue reading

Recovery from Covid and Jobs in US – More jobs and more skills needed

Permanently displaced workers now total nearly 4 million and rising, with the heaviest concentration among fairly low-wage workers. Their skill sets and work experience will not immediately lead them to new jobs, and they face the prospect of long periods without work or lower wages than before, even if the overall labor market tightens. For … Continue reading

Displaced Workers in Canada – Only one in five adopted at least one adjustment strategy

It has been almost a year since the COVID-19 pandemic began in early 2020, forcing thousands of workers out of jobs in Canada — many of them permanently. Although emergency income-support programs were introduced fairly quickly, they were meant to be temporary. With mass vaccination on the horizon, now may be the time to start … Continue reading

Future of Work Global Survey 2021 – 82% of employers plan to hire this year

There’s no downplaying the fact that the coronavirus pandemic has had an impact on the world of work, from the tools and methods employers use to hire and train candidates, to new policies around remote work and flexibility, to a redefined concept of what it actually means to find “the right fit” between candidates and … Continue reading

Older Workers in US – Working longer cannot solve the retirement crisis

Working longer is often proposed as the solution to the retirement crisis caused by older workers’ lack of retirement assets, but new research from SCEPA’s ReLab shows this assumption doesn’t match older workers’ real experiences in the labor market. Spreadsheet models used by advocates of delaying retirement assume older workers delay claiming Social Security to … Continue reading

Jobs Recovery and Older Workers in US – 1.1 Million of them out of the labor force

In the final months of 2020, as the pandemic surged again and businesses were forced to scale back or close, the initial labor market recovery stagnated. For older workers, however, the recovery didn’t just pause—it took several steps back. Older workers (ages 55 and older) gained an insignificant number of jobs between August 2020 and … Continue reading

Overeducation in Canada – The gap between supply and demand went from zero to an 10-percentage point

“Stay in school!” is the rallying cry of many Canadian parents who see education as the key to improving their children’s standard of living. In fact, more education is generally associated with higher salaries and better working conditions. It is also linked to a wide range of other benefits, including increasing a country’s economic prosperity.… … Continue reading

Racial Equity in US – Advancing it in the workplace is a system-level challenge

Advancing racial equity in the workplace is a system-level challenge-ranging from the structural inequities of geography to underrepresentation in industries and jobs that could create additional opportunity to the behaviors of the workplace itself. In the United States, Black workers account for 15 million, or 12 percent, of the 125 million US private-sector workers. The … Continue reading

Work After Lockdown in UK – Working from home under lockdown has disrupted norms

The Work After Lockdown project explores how crisis-driven working from home activates wider change in how people want to work and how organisations respond. Working from home under lockdown has disrupted norms and thinking around the need for office presence. People have adapted quickly and worked well from home. Productivity is good. At the same … Continue reading

‘Work & Skills’ for the Long-Term Unemployed in UK – Between 1 to 1.6 million people who have been out of work for 12 months or more

A new ‘Work & Skills’ initiative is needed for people who are long-term unemployed. Next year there could be between 1 to 1.6 million people who have been out of work for 12 months or more. This could be the highest since the 1980s and will have drastic implications for families and whole communities across … Continue reading

After Covid – Sweeping societal change will make life worse for most people experts say

A plurality of experts think sweeping societal change will make life worse for most people. Still, a portion believe things will be better in a ‘tele-everything’ world. Asked to consider what life will be like in 2025 in the wake of the outbreak of the global pandemic and other crises in 2020, some 915 innovators, … Continue reading

Upskilling – Wide-scale investment in upskilling has the potential to boost GDP by $6.5 trillion by 2030

Upskilling for Shared Prosperity is a call to action. It makes the economic case for providing employees with learning and development opportunities to expand their horizons while minimizing skills gaps. The report highlights certain challenges but also presents upskilling’s advantages. The report’s key findings include: 1. Wide-scale investment in upskilling has the potential to boost … Continue reading

Recovery After Covid in Canada – New spending should target the problems that are holding Canada’s productive capacity back

Any further debt-financed stimulus should be temporary, essential, and targeted to improving the economy’s productive capacity, says a new report from the C.D. Howe Institute. At their most recent meeting, the Fiscal and Tax Working Group discussed what form new fiscal stimulus should take, but remained unconvinced that a large stimulus package is appropriate at … Continue reading

COVID and US Labor Markets in 2020 – Blacks and Hispanics have had slower employment recoveries than whites, even accounting for differences in education and occupation

It is no secret that in the spring of 2020 the COVID-19 pandemic disrupted U.S. labor markets more severely and more quickly than at any point in living memory. A blizzard of research papers, newspaper stories, and calls for economic relief have documented the severe crash in employment in the spring of 2020, and the disproportionate … Continue reading

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