Job Market Monitor
Michel Cournoyer
Gender STEM Gap in US – More college degrees overall, but earn a minority of undergraduate degrees issued in stem fields
U.S. women earn more college degrees than men overall, but earn a minority of undergraduate degrees issued in stem fields In their study of gender disparities in education and employment, Ana Maria Munoz-Boudet and Ana Revenga, two experts from the World Bank, found that gender gaps in STEM fields are common around the world. … Continue reading
Vocational and Technical Education in US – Public sector students outperform for-profit students on nearly every measure study finds
In a forthcoming paper for the Journal of Human Resources, co-authored with Federal Reserve Board of Governors Senior Economist Nicholas Turner, we generate comprehensive new estimates of labor market outcomes and debt incurred by students in vocational (or career-technical education, “CTE”) certificate programs in the for-profit sector. We compare for-profit students’ outcomes to the outcomes … Continue reading
L’Emploi au Québec, Janvier 2018 – Diminution de 17 000 après trois mois de hausses
Après trois mois de hausses, l’emploi a diminué de 17 000 au Québec, en raison d’une baisse du travail à temps partiel. Le taux de chômage a augmenté de 0,4 point de pourcentage pour atteindre 5,4 % par suite d’une hausse du nombre de personnes à la recherche de travail. Par rapport à 12 mois plus tôt, l’emploi a progressé de 71 000 (+1,7 %) au Québec, et … Continue reading
Job Report in Canada, January 2018 – Employment fell by 88,000 and unemployment increased to 5.9%
Following two months of increases, employment fell by 88,000 in January. Part-time employment declined (-137,000), while full-time employment was up (+49,000). At the same time, the unemployment rate increased by 0.1 percentage points to 5.9%. On a year-over-year basis, employment grew by 289,000 or 1.6%. Gains were driven by increases in full-time work (+414,000 or +2.8%), while there were fewer people working part time … Continue reading
College Completion in US – Too few are completing postsecondary education
American postsecondary education faces urgency to respond to a decades-long shift in the labor market: a declining share of good jobs today are available to those with a high school diploma or less. But too few American students are completing postsecondary education. Just over half of college enrollees will graduate within six years and the … Continue reading
Apprenticeship in US – “So, what are you doing next year?”
As employers lament a shortage of skilled workers, families bemoan the cost of higher education, and high schools struggle to prepare students for college and career, one solution is gaining steam: youth apprenticeship. “So, what are you doing next year?” It’s a common question American high school students face from teachers, neighbors, their friends, and … Continue reading
Immigration in the US – Frequently Requested Statistics
How many immigrants reside in the United States? More than 43.7 million immigrants resided in the United States in 2016, accounting for 13.5 percent of the total U.S. population of 323.1 million, according to American Community Survey (ACS) data. Between 2015 and 2016, the foreign-born population increased by about 449,000, or 1 percent, a rate … Continue reading
Global Outlook on Education, Demographics and Global Inequality – A more educated labor force from emerging market and developing economies will likely reduce inequality
An expected shift in the skill composition of the global labor force will have important consequences for the future of global income inequality. Specifically, a more educated labor force from emerging market and developing economies will likely reduce inequality between countries. It would also diminish inequality within countries, especially in emerging market and developing economies. … Continue reading
AI and the Future of Jobs – 5 schools of thought and three actions for shaping the future
The future of the workforce is one of the biggest issues facing CEOs today. It’s abundantly clear to all that artificial intelligence, big data analytics, and advanced robotics make it possible for machines to take on tasks that once required a person to do them. How should companies prepare, strategically, to thrive in this world? … Continue reading
Global Aging Workforce – It will add further pressure to future labour market challenges
As a result of rising life expectancy and declining birth rates, global population growth has considerably decelerated and this trajectory is expected to continue over the next few decades. One immediate implication of this slowdown is that growth of the global labour force will not be suf cient to compen- sate for the rapidly expanding … Continue reading
Labour Mobility in Canada – Social capital matters
Over the past five decades, the percentage of the working-age population migrating to other provinces has fallen from roughly 2% in the early 1970s to roughly 1% in 2015 (Chart 1). Part of the drop likely reflects the growing number of older workers in the labour force—such workers are less mobile than their younger counterparts. … Continue reading
Transition to Sustainability and Jobs – Four quantitative employment effects
The commitments made in Paris require a closer look at the quantitative and qualitative jobs dimension of the just transition to sustainability. In schematic terms, it is possible to anticipate four quantitative employment effects. Firstly, and most positively, policies to promote greener products, services and infrastructures will translate directly into higher demand for labour in … Continue reading
Automation and Jobs – The false choice
Between 75 million to 375 million people globally may need to switch occupational categories by 2030, depending on how quickly automation is adopted. It is no small challenge. The jobs gained will require higher educational attainment and more advanced levels of communication and cognitive ability, as work requiring rote skills such as data processing or … Continue reading
The Right to Request Time to Train regulations in UK – An appraisal
This mixed method appraisal reviewed the functioning of the Right to Request Time to Train, as of March 2015. The Right to Request Time to Train policy, which became effective in 2010, gives employees of large businesses (250+ employees) the right to submit formal requests to their employers for time off for study or training … Continue reading
Overeducation in Europe – Its rise is by no means a universal pattern
After analysing the time-series data, the study finds that while overeducation tends to rise over time in a number of European countries, this is by no means a universal pattern. Overeducation was found to be static and had even declined in some European countries. Indeed, a positive finding was that overeducation had not risen in … Continue reading
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