Job Market Monitor
Michel Cournoyer
Integration of University-Educated Immigrants in Canada – Pre-landing Canadian work experience plays an increasing role
International students are increasingly regarded as an important group of young and well-educated individuals from which to select permanent residents. In December 2015 there were 353,000 international students with a valid study permit in Canada, up from 84,000 in December 1995. Of the international students admitted to Canada in the early 2000s, 25% became permanent … Continue reading
Skills Gap – Measuring skills mismatch
Skills supply (skills possessed by the labour force) and skills demand (skills demanded by employers) are central concepts in the economic analysis of employment structure and dynamics. The interaction between supply and demand has in turn led analysts to look into another dimension, skills mismatch — a concept that is rapidly gaining in importance for … Continue reading
US – Who is out of the labor force?
In this analysis, we explore the following questions about the approximately 24 million men and women of prime working age who were not in the labor force in 2016. Key findings are: Women with a high school education or less are overwhelmingly the largest group of Americans out of the labor force. After excluding caregivers … Continue reading
US – The national jobs gap relative to November 2007 has been closed in July 2017
With [July] employment report, we can report that the national jobs gap relative to November 2007 has closed (see figure 1). This indicates that, by our calculations, nearly a full decade after the start of the recession, employment has returned to its demographically adjusted pre-recession level. This does not mean that all harm to the … Continue reading
Alternative Work Arrangements in US – From 10.1 percent in 2005 to 15.8 percent in 2015
To monitor trends in alternative work arrangements, we conducted a version of the Contingent Worker Survey as part of the RAND American Life Panel (ALP) in late 2015. The findings point to a significant rise in the incidence of alternative work arrangements in the U.S. economy from 2005 to 2015. The percentage of workers engaged … Continue reading
The Future of Work – Where the robots are in US : A map
The Metro program has followed the lead of economists Daron Acemoglu and Pascual Restrepo who, in a recent paper, deployed sales data from International Federation for Robotics (IFR) to explore trends in the installation of robots in U.S. and international work places. Although Acemoglu and Restrepo’s paper has been controversial in its modeling of large … Continue reading
The future of Work – Adaptability is the key
One clear lesson arises from our analysis: adaptability – in organisations, individuals and society – is essential for navigating the changes ahead. It’s impossible to predict exactly the skills that will be needed even ve years from now, so workers and organisations need to be ready to adapt – in each of the worlds we … Continue reading
Non-Cognitive Skills – University education has significant effects study finds
Recently, a public debate has emerged on whether universities teach the right skill-sets that prepare students for a continuously changing and globally expanding labor market. Various articles from leading scholars and journalists emphasize that university education falls short of teaching students creativity, socioemotional skills, attributes of ownership, and the ability to learn on the fly. … Continue reading
Job Report in US, July 2017 – Employment increased by 209,000
Total nonfarm payroll employment increased by 209,000 in July, and the unemployment rate was little changed at 4.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, professional and business services, and health care. Household Survey Data Both the unemployment rate, at 4.3 percent, and the number … Continue reading
Québec, Juillet 2017 – Le taux de chômage au plus bas depuis 1976 (5,8 %)
L’emploi global au Québec a peu varié en juillet, la hausse du travail à temps plein ayant été largement contrebalancée par une baisse du travail à temps partiel. Au cours de la période de 12 mois ayant pris fin en juillet, l’emploi dans la province a progressé de 124 000 (+3,0 %), et le taux de chômage a diminué de 1,2 point de … Continue reading
Job Report in Canada, July 2017 – Little change in employment and unemployment declines to 6.3%
Following two months of notable increases, employment was little changed in July (+11,000 or +0.1%). As the number of people searching for work edged down, the unemployment rate declined by 0.2 percentage points to 6.3%. This is the lowest rate since October 2008, just prior to the onset of the 2008-2009 labour market downturn. In the 12 months to July, employment rose by 388,000 (+2.1%), mostly … Continue reading
Gen Z – Managing them
Millennials are no longer the new kids on the block. The oldest members of this often-analyzed, and sometimes fretted about, generation of workers are now in their mid-30s, and have successfully integrated into the workforce. But just as we’ve all learned to work together, there’s a new generation coming of age. Meet Generation Z — … Continue reading
The Future of Work – A framework for understanding
What are the components that collectively constitute “the future of work”? Perhaps the logical place to begin is with the forces that are driving these changes (figure 1). Based on our experience and research, we have identified three forces that are shaping the nature of future work and the future workforce: Technology. Technological advances—for example, … Continue reading
The four faces of the alternative workforce
Some companies already recognize the challenges of maintaining a consistent culture across locations and extending it to people in alternative workforce arrangements. Consider the challenge that Snap Inc., the parent of Snapchat, acknowledged when it filed its IPO. Snap Inc. broke the Silicon Valley mold by launching its IPO without a designated corporate headquarters. In … Continue reading
Diversity and Inclusion – 71 percent of surveyed organizations aspire to have an inclusive culture
As organizations face shifts in globalization, employee expectations, and the competitive landscape, the topic of diversity and inclusion is becoming increasingly critical. Our latest research found that 71 percent of surveyed organizations aspire to have an inclusive culture, but only 12 percent have achieved this objective. Organizations should find new ways of thinking about diversity … Continue reading
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