Job Market Monitor
Michel Cournoyer
Youth in Europe – Next generation still falls short of what it takes to age in prosperity
The reality faced by Europe’s next generation still falls short of what it takes to age in prosperity. First, many EU countries suffer from surprisingly large foundational skills gaps. Across half of the EU a fifth or more of 15-year-olds performed below proficiency in reading and mathematics in the 2015 Program for International Student Assessment … Continue reading
Wage Growth in US – For most, real wages have barely budged for decades
Despite the strong labor market, wage growth has lagged economists’ expectations. In fact, despite some ups and downs over the past several decades, today’s real average wage (that is, the wage after accounting for inflation) has about the same purchasing power it did 40 years ago. And what wage gains there have been have mostly … Continue reading
Unskilled Immigrants in US – Upskilling an untapped resource
In communities across the country, many employers are having trouble finding enough skilled workers, especially to fill middle-skilled positions that require some postsecondary training but not a four-year college degree. They may be overlooking an untapped resource. Immigrants in those communities could potentially meet these labor force needs, but many are in lower-skilled jobs with limited … Continue reading
Future of Work – India at a crossroads
India is at a crossroads. It has the largest young workforce anywhere in the world, and is the fastest growing economy today. At the same time, the economy is not creating enough jobs, and therefore not fully harnessing its “demographic dividend” in preparation for the “Fourth Industrial Revolution”. To create more and better jobs, certain … Continue reading
Social Mobility in US – Fewer are making more than their parents did
One of the most striking social science findings of recent years is that only half of today’s 30-year-olds earn more than their parents. Raj Chetty and his coauthors showed that rates of absolute mobility—that is, the share of children with higher inflation-adjusted incomes than their parents—declined from around 90 percent for children born in 1940 … Continue reading
Basic Income Pilot Project in Ontario – Decision to scrap it made before any results could be gleaned
Premier Doug Ford’s decision to scrap Ontario’s basic income pilot project was made before any results could be gleaned from the program, making it impossible to determine whether it was a success. That’s the opinion of at least one researcher who was on the academic team assembled to study the results of the three-year, $150-million program that launched … Continue reading
Global Migration – Migration flows are highly concentrated
Global migration has lifted millions out of poverty and boosted economic growth, a new World Bank report finds. But destination countries risk losing out in the global competition for talent and leaving large gaps in their labor markets by failing to implement policies that address labor market forces and manage short-run economic tensions. Large and … Continue reading
Job Report in US, July 2018 – Employment rose by 157,000 and unemployment down to 3.9 percent
Total nonfarm payroll employment rose by 157,000 in July, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in professional and business services, in manufacturing, and in health care and social assistance. Household Survey Data In July, the unemployment rate edged down by 0.1 percentage … Continue reading
The Future of Work – HOW PREPARED ARE WE?
The debate on the extent of job destruction due to automation can be imperfect science, involving a high degree of uncertainty and speculation. Most available evidence, however, highlights a need for policies that can shield specific population groups who are most vulnerable to technological unemployment or skills obsolescence. The ESJ survey data identify that lower-educated … Continue reading
AI, Robotics and Automation Technologies – The impact on professions and society and the role of HR and L&D professionals
What is the impact of AI, robotics, and automation technologies on relevant professions and society? There are potentially significant social impacts related to the increasing work-related use of AI, advanced robots and cognitive computing – one of which is on employment levels. However, opinion is divided on this topic, ranging from those who predict large-scale … Continue reading
European Immigration in US – The data
European immigrants in the United States have largely dwindled in number since 1960, after historically making up the bulk of immigration to the country. Today, immigrants from Eastern Europe account for the largest share of European arrivals, and Europeans overall are much older and more educated than the total foreign- and native-born populations. This article … Continue reading
Wages in UK – The typical pay rise for someone switching jobs is, on average, around 2.5 times higher than for someone remaining in the same job
Analysing pay growth for those in continuous employment. Figure 5 does this by showing the median pay rise for those remaining in the same job from year-to-year and those remaining in employment but switching jobs. Typical pay change for people remaining in work over a year Source: RF analysis of ONS, ASHE (post April 2017 … Continue reading
Newsroom Jobs in US – Fell 23% from 2008 to 2017, mainly in newspapers
Newsroom employment across the United States continues to decline, driven primarily by job losses at newspapers. And even though digital-native news outlets have experienced some recent growth in employment, too few newsroom positions were added to make up for recent losses in the broader industry, according to a Pew Research Center analysis of Bureau of … Continue reading
Job Report in Europe, June 2018 – Unemployment at 8.3%, down from 9.0% in June 2017 in EA19, but still 3.415 million young persons unemployed
The euro area (EA19) seasonally-adjusted unemployment rate was 8.3% in June 2018, stable compared with May 2018 and down from 9.0% in June 2017. This remains the lowest rate recorded in the euro area since December 2008. The EU28 unemployment rate was 6.9% in June 2018, also stable compared with May 2018 and down from … Continue reading
Local Jobs Creation – Typical incentives probably lies between 2 percent and 25 percent
How effective are economic development incentives? According to many economic development agencies, tax incentives are critical to business location decisions. “But for” the incentive, most or all incented rms would not have chosen to locate, expand, or retain jobs at this location. These high “but for” percentages are exaggerated. This research review shows that the … Continue reading
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