Job Market Monitor
Michel Cournoyer
Jobs in US : a Chart – Employment is now 8.6% above the previous peak
This graph shows the job losses from the start of the employment recession, in percentage terms, compared to previous post WWII recessions. Since exceeding the pre-recession peak in May 2014, employment is now 8.6% above the previous peak. Note: I ended the lines for most previous recessions when employment reached a new peak, although I continued … Continue reading
Skills Gap in UK – 91% of the surveyed organisations struggled to find workers with the right skills over the past 12 months
The Open University Business Barometer investigates the extent and nature of the skills shortage in the UK, and the e ect it is having on organisations of all sizes. The data presented within the report have been collated from 950 senior business leaders in organisations of all sizes across the UK between 8 and 25 … Continue reading
Minimum Wage in Ireland – A negative and statistically significant effect on the hours worked
On 1 January 2016, the Irish minimum wage (MW) increased from €8.65 to €9.15 per hour, an increase of approximately 6 per cent. Using data from the Quarterly National Household Survey (QNHS) for the years 2015 and 2016, we estimate the effect of the increase in the minimum wage on the hours worked and likelihood … Continue reading
Le Nouveau Compte Personnel de Formation en France – La Caisse des Dépôts assurera le fonctionnement du service en ligne
La loi du 5 septembre 2018 pour la liberté de choisir son avenir professionnel réforme le Compte personnel de formation qui sera alimenté non plus en heures mais en euros. Elle instaure un parcours simplifié permettant à chaque usager de consulter ses droits, de connaître les formations accessibles en rapport avec son projet, de comparer … Continue reading
Adult Learning in the Workplace – Why promote it ?
The role of the Education and Training Working Group on Adult Learning 2016-2018 was to identify policies that promote and support workplace learning of adults, covering: – adults struggling with reading, writing, making simple calculations and using digital tools; – adults with medium skills in need of up-skilling. This report presents the outcomes of its … Continue reading
Vocational vs General Education – Each country should aim to find the right balance
Vocational skills are job-specific skills that prepare for work in specific occupations. By contrast, the usage of general skills transcends specific occupations. In dynamically changing economies, this difference implies a basic trade-off between vocational and general education programs for labor-market experiences over the life-cycle. Vocational education programs have the advantage of helping young people master … Continue reading
Educational Attainment and Labour Market Outcomes of Immigrants – Tertiary-educated foreign-born adults have lower earnings than tertiary-educated native-born ones, and their employment rates are consistently lower
Adult migrants in all OECD countries are a diverse group, with different profiles and levels of education. Even if they hold tertiary degrees, they are more likely to have poorer labour market outcomes, including lower earnings. Participation in the labour market is more difficult for foreign-born adults who arrived at a later age and acquired … Continue reading
Unemployment in Europe, November 2018 – 7.9% (Euro Area), down from 8.0% in October 2018 and from 8.7% in November 2017 with 3.444 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 7.9% in November 2018, down from 8.0% in October 2018 and from 8.7% in November 2017. This is the lowest rate recorded in the euro area since October 2008. The EU28 unemployment rate was 6.7% in November 2018, stable compared with October 2018 and down from 7.3% … Continue reading
Postes Vacants au Québec, Q3-2018 – 31 000 (+35,5 %) postes vacants de plus en un an
Au Québec, il y avait 31 000 (+35,5 %) postes vacants de plus par rapport au même trimestre un an plus tôt. * La hausse dans la province était généralisée dans la plupart des secteurs, et près de la moitié de la hausse s’est concentrée dans les secteurs des soins de santé et de l’assistance sociale; des services d’hébergement … Continue reading
Job Vacancies in Canada, QIII 2018 – up 83,000 (+17.8%) from the third quarter of 2017
There were 551,000 job vacancies in Canada in the third quarter, up 83,000 (+17.8%) from the third quarter of 2017. Over the same period, the job vacancy rate increased 0.4 percentage points to 3.3%. This was the eighth consecutive quarter with a year-over-year increase in both the number of job vacancies and the job vacancy rate. The job vacancy rate represents the number … Continue reading
Gender Gaps in Numeracy and Literacy – The evolution of males’ advantage in numeracy and females’ advantage in literacy
Numeracy and literacy skills have become increasingly important in modern labour markets. The large gender differences that several studies have identified have therefore sparked considerable attention among researchers and policy makers. Little is known about the moment in which such gaps emerge, how they evolve and if their evolution differs across countries. We use data … Continue reading
Immigration – OECD countries received slightly more than 5 million new permanent legal migrants in 2017
Preliminary data show that OECD countries received slightly more than 5 million new permanent legal migrants in 2017. This represents the first decline in migration to the area since 2011 (down by around 5%, compared to 2016). This is due, however, to the significant reduction in the number of recognised refugees in 2017 while other … Continue reading
Skills – How different education systems fare in equipping individuals with foundational skills
This study set out to examine how different education systems fare in equipping individuals with foundational skills. It is well acknowledged and accepted that skills beget skills, and that foundation skills will help individuals regain new skills quickly in a fast changing technology-rich environment. The lack of ability to re-learn new skills prevents individuals from … Continue reading
Skills Outlook to 2030 in Europe – An increasingly polarised occupational structure
Cedefop’s skill supply and demand projections provide comprehensive information about the current structure of Europe’s labour market and potential future trends. This report presents the results and findings from the most recent update to the projections along with Eurofound’s analysis on the task content of employment, using the jobs monitor approach. Predicted employment trends will … Continue reading
Wage and Task Profiles of Employment in Europe in 2030 – Labour market is set to become even more polarised
Europe’s labour market is set to become even more polarised, largely due to the growth of jobs at the very bottom of the wage distribution. However, across the EU28, there is considerable heterogeneity in the patterns of structural change by job-wage quintile, with many Member States projected to upgrade their occupational structure towards higher paying … Continue reading
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