Job Market Monitor
Michel Cournoyer
Wealth Gap in US, 2016 – The median wealth of white households was 10 times the wealth of black households and eight times that of Hispanic households
The Great Recession of 2007-2009 triggered a sharp, prolonged decline in the wealth of American families, and an already large wealth gap between white households and black and Hispanic households widened further in its immediate aftermath. But the racial and ethnic wealth gap has evolved differently for families at different income levels, according to a … Continue reading
Canada – The evolution of the approach to immigrant integration
Canada has long been a country of immigrants, largely selected for their ability to contribute to economic development. Though the source countries have evolved, the focus on employment-based immigration has remained, while also allowing for family reunification and refugee admissions. Overall, given Canada’s geography (and the Safe Third-Country Agreement with the United States, which bars … Continue reading
EU – More than one in four working-age adults remain economically inactive | Eurofound
Unemployment in the EU continues to fall, however more than one in four of the EU’s working-age population are economically inactive; meaning they are not working and are either not seeking work or are not available for work. Furthermore, the vast majority of economically inactive people would like to work in some form. Eurofound’s new … Continue reading
Employment trends by education requirement in US – A shift toward occupations with higher entry education
This article uses Occupational Employment Statistics (OES) data to examine recent employment trends by typical entry-level education requirement (hereafter in this article referred to as “entry education”). As noted earlier, the United States experienced an 18-month economic contraction beginning in December 2007, before entering a period of recovery beginning in June 2009. This section of … Continue reading
The Future of Jobs – UK construction industry will need to reskill over 600,000 employees over the next two decades
We are finally on the cusp of the much-heralded fourth industrial age. The transformational technology that will bring about a new industrial revolution is already available, and across the global economy, businesses are beginning to leverage it to deliver huge productivity benefits. It doesn’t look so rosy everywhere. The UK construction industry’s lacklustre productivity levels … Continue reading
Labour market and skills intelligence (LMSI) – How labour markets are developing and, consequently, how jobs, skills and learning needs are changing
Things change. It would be helpful to know how the labour market will be transformed by technology, climate change and demography. Individuals would benefit greatly from knowing what type of education and training to follow; enterprises would know the skills they need; and policy-makers could adapt education and training systems to new skill needs. Labour … Continue reading
VET in UK – The main aspects
This booklet focuses on some of the main aspects of vocational education and training (VET) in the United Kingdom. It provides an outline of the structure and characteristics of the training system and the challenges it faces. The booklet includes a chart of VET in the United Kingdom’s education and training system and some education … Continue reading
Truck Drivers in US – Motor carriers struggle to find enough qualified drivers
Over the past 15 years, the trucking industry has periodically struggled with a shortage of truck drivers. The first shortage during this period was documented in a 2005 report. At that time, the shortage was roughly 20,000. During the last recession starting in 2008, the driver shortage was eliminated as industry volumes plummeted, resulting in … Continue reading
France – Employees in low-skilled jobs submit significantly fewer applications for training
Although employees in low-skilled jobs are as likely as any others to express an interest in receiving training, they actually submit significantly fewer applications for training. How can this gap be explained? While a wish to receive training goes hand in hand with employees’ perception of their career prospects, in conjunction with their aspirations, the … Continue reading
Unemployment in Europe, September 2017 – 8.9%, down from 9.0% in August with 3.735 million young persons (under 25)
The euro area (EA19) seasonally-adjusted unemployment rate was 8.9% in September 2017, down from 9.0% in August 2017 and from 9.9% in September 2016. This is the lowest rate recorded in the euro area since January 2009. The EU28 unemployment rate was 7.5% in September 2017, stable compared to August 2017 and down from 8.4% … Continue reading
Digital Skills – Building new pools of skilled digital employees
As digital transformation disrupts the workplace, one factor more than any other will determine which companies turn digital to their advantage. That critical element is people: the talented employees who are able to use existing digital technologies and adapt to evolving methods and new approaches. Without these employees, companies will struggle to benefit as they … Continue reading
Higher Ed in US – Low-income undergraduates are most likely to attend the schools with the least resources and worst outcomes
As higher education researcher Kelly Rosinger writes in this paper, the Equality of Opportunity Project’s Mobility Report Card data “provide the clearest picture we have to date of the role that colleges play in access, success, and upward mobility.” There’s some very good news in the Mobility Report Cards study. First and foremost, there are … Continue reading
Australia – VET and employer training choices in 2017
Unaccredited training is training that does not lead to a nationally recognised qualification. The training activity must have a specified content or predetermined plan designed to develop employment-related skills and competencies. Informal training refers to training that usually occurs on the job through interactions with co-workers as part of the day-to-day work. Chosen excerpts by Job … Continue reading
The labor market in US, 2000–2016 – Recovery from the Great Recession is essentially complete, but there are di cult unemployment and wage issues
In the aggregate the US labor market is doing quite well. Unemployment is currently below 5%, and real weekly earnings of full-time workers increased from the 2000 cyclical peak to the current period of near full employment. The difficulties lie behind the aggregates. Earnings inequality continues to rise, with the growth in earnings most prevalent … Continue reading
Occupational Outlook in US – Total employment is projected to grow by 11.5 million jobs over the 2016–26 decade, reaching 167.6 million jobs in 2026
Employment is projected to increase by 11.5 million over the 2016-26 decade, an increase from 156.1 million to 167.6 million, the U.S. Bureau of Labor Statistics reported today. This growth–0.7 percent annually–is faster than the 0.5 percent rate of growth during the 2006–16 decade, a period heavily affected by the 2007–09 recession. Health care industries and their associated occupations … Continue reading
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