Job Market Monitor
Michel Cournoyer
UK – Almost 1 million people aged 50-64 have been made ‘involuntarily jobless’
Age-old assumptions about when working life should end are rapidly changing. Increasing numbers are choosing to work beyond State Pension Age (SPA) and many are having to work longer than planned to assure their income in retirement, particularly in light of recent changes to SPA. As a society we have failed to grasp and respond, … Continue reading
US – Americans are hustling to adapt to new labor force realities Pew finds
For the past several decades, employment has been rising faster in jobs requiring higher levels of preparation – that is, more education, training and experience. The number of workers in occupations requiring average to above-average education, training and experience increased from 49 million in 1980 to 83 million in 2015, or by 68%. This was … Continue reading
Overeducation does not significantly affect people’s mental well-being, overskilling does
The labor market outcomes of education–occupation mismatches have been extensively studied during the last three decades. Overeducation, in which case workers have received more years of education than is required for their job, is prevalent and widespread in many countries. Studies generally find that overeducation has adverse consequences for labour market outcomes. Overeducated workers are … Continue reading
Taux de chômage au Québec – Redescendu à son creux historique de 6,2 % atteint en novembre
Depuis six mois, le marché du travail québécois connaît un dynamisme sans pareil. Il s’y est ajouté près de 90 000 des quelque 97 100 emplois créés depuis un an, concentrés dans le secteur des services, dont les deux tiers à temps plein. Les données de janvier de l’Enquête sur la population active (EPA) de … Continue reading
Canada Job Report, January 2017 – Employment rose by 48,000
Employment rose by 48,000 (+0.3%) in January, building on gains observed in the latter part of 2016. The unemployment rate fell by 0.1 percentage points to 6.8%. On a year-over-year basis, employment rose by 276,000 (+1.5%), with most of the increase occurring from August to January. Following a significant increase in December, full-time employment held steady in January. Compared with 12 months earlier, full-time employment … Continue reading
Baby Boomer Women in US – Too Much Fun to Retire
Kay Abramowitz has been working, with a few breaks, since she was 14. Now 76, she is a partner in a law firm in Portland, Ore. — with no intention of stopping anytime soon. “Retirement or death is always on the horizon, but I have no plans,” she said. “I’m actually having way too much … Continue reading
Rendez-vous national sur la main-d’œuvre au Québec – Les propositions de la Fédération des chambres de commerce du Québec (FCCQ)
Dans le cadre du colloque « Les milieux de travail de demain », organisé par la Fédération des chambres de commerce du Québec (FCCQ), son président-directeur général, Stéphane Forget, a dévoilé un recueil des propositions de la FCCQ en matière de ressources humaines intitulé : Des compétences pour le Québec du XXIe siècle. Ce recueil fait état des divers … Continue reading
Tech Is Changing “Matching” in the Workforce
As technological innovations have boosted data collection and processing capabilities in the last decade, tools and platforms using this technology have changed or accelerated how job seekers and employers nd each other. Combined with overall labor market trends that see workers changing jobs more frequently and a higher need for more specialized skills, these matching … Continue reading
Prime-age male labor force participation in US – Half of those not in the labor force take pain medications daily
The share of prime-age men in the labor force has declined from its peak of 98 percent in 1954 to 88 percent today, reports the Council of Economic Advisers. This precipitous decline was largely masked as women entered the workforce in record numbers up until the 1990s, when their participation rate began to stagnate and … Continue reading
Job Report in US, January 2017 – Total nonfarm payroll employment increased by 227,000
Total nonfarm payroll employment increased by 227,000 in January, and the unemployment rate was little changed at 4.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in retail trade, construction, and financial activities. Household Survey Data Both the number of unemployed persons, at 7.6 million, and the unemployment rate, at 4.8 … Continue reading
US – Is your city’s workforce growing older or younger?
Is your city’s workforce growing older or younger? CareerBuilder is out with a new study that explores employment trends for the 100 most populous U.S. cities, tracking how the shares of workers ages 22 to 34 and ages 55 and older have changed from 2001 to 2016. Topping the list for cities aging the fastest … Continue reading
Labor Market Outlook for 2017 and 2018 in US – The employment shortfall will shrink CBO says
CBO expects slack in the labor market to disappear over the next two years, as the growth of aggregate demand increases the demand for labor, eliminating the shortfall between actual and potential employment by the end of 2018 (see the figure below). That estimate is the effect of two expected developments. First, the gap between … Continue reading
For a World-Class Apprenticeships
This paper looks at the rising tide of interest in apprenticeship reform globally.Following the ‘Great Recession’ of 2008, many nations are seeking to tackle the adverse effects of youth unemployment and middle class wage stagnation by creating better employment opportunities, uprating human capital, and reforming technical and vocational training systems. Reform is particularly evident in … Continue reading
US – Full employment may be redefined
Fed policymakers indicated in their post-meeting statement Wednesday that there’s still room for improvement in the job market. While the unemployment rate “stayed near its recent low” in December, “some further strengthening” is expected in labor conditions. That doesn’t mean central bankers or Labor Department economists are about to abandon the unemployment rate as their … Continue reading
Sectoral Cooperation on Skills in Europe – Three steps to match skills to sectors’ needs
The Blueprint for Sectoral Cooperation on Skills is a new framework for strategic cooperation to address short and medium-term skills needs in a given economic sector. The publication outlines how stakeholders (businesses, trade unions, public authorities, research, education and training institutions etc.) can apply the framework to address sectoral challenges, illustrating the steps towards delivering … Continue reading
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