Job Market Monitor
Michel Cournoyer
Underemployment in Europe in 2015 – 10.0 million or 22.4% of all part-time workers and 4.6% of total employment
Among the population aged 15 to 74 in the European Union (EU), 220 million were employed, 23 million were unemployed and 136 million were economically inactive in 2015. Around 8 in every 10 persons employed in the EU were working full time and 2 in 10 part-time. Among these 44.7 million persons in the EU … Continue reading
Publicly Funded Training in UK – Not possible to identify any unambiguous impact
Two strands of econometric analysis were undertaken – the first to assess the impact of training on productivity and the wage bill controlling for both publicly funded training (derived from the matched ILR-EDS-IDBR data) and overall training intensity (derived from the ESS) at . The second strand of analysis replicated the industry-level approach at (although … Continue reading
Higher Education in UK – The young men underachievement
After centuries of inequality in UK higher education benefiting men, there has been a reversal over the past three decades. A lower proportion of entrants to UK higher education institutions are male than ever before and they make up less than one-half of the total. Other developed countries have undergone a similar shift. Male underachievement … Continue reading
The Graduate Effect of Higher Education Spillovers – The case of Australia
The Australian economy is undergoing a major transition. A shift is underway from the mining construction boom era—in which significant resources were applied to the development of our natural resources— to a new phase in our history. We are now faced with the challenge of diversifying our economy and seizing new opportunities through innovation, entrepreneurship … Continue reading
Gender Wage Gap – Most of the gender pay gap occurs within professions
It’s deceptively easy to calculate how much—or how little—women in the United States earn relative to men. “You take everyone who’s working 35 or more hours a week for the full year, find the median for women, find the median for men, and divide,” says Lee professor of economics Claudia Goldin, explaining how to arrive at … Continue reading
L’apprentissage en France – Une rapide diffusion dans les parcours des étudiants
Plus nombreux et plus diplômés qu’auparavant, les jeunes sortant de l’apprentissage conservent, en dépit de la crise, une insertion plus favorable que ceux issus de la voie scolaire. Mais cet avantage, très variable selon les niveaux de diplôme, est loin de refléter uniquement un bénéfice associé à cette voie de formation en alternance. Les trajectoires … Continue reading
Immigration in US – More immigrants than any other country, but the share of foreign born is modest
By a wide margin, the U.S. has more immigrants than any other country in the world. As of 2015, the United Nations estimates that 46.6 million people living in the United States were not born there. This means that about one-in-five international migrants (19%) live in the U.S. The U.S. immigrant population is nearly four … Continue reading
Occupational Outlook in UK (2014-2024) – Driven by the evolving pattern of demand for goods market
The changing industry mix of employment, which is driven by the evolving pattern of demand for goods market. Occupational employment structure varies considerably across industries. Occupations that are concentrated in growing sectors will gain employment in contrast to those concentrated in declining sectors. The chart provides an overview of the performance of broad sectors of … Continue reading
The Aging Challenge – Two solutions
Population aging—the increase of the share of older individuals in a society due to fertility declines and rising life expectancy—is an irreversible global trend with far-reaching economic and socio-political consequences. By 2050, the number of people aged 60 and older will more than double from its current levels, reaching around 2 billion. While Europe was … Continue reading
Teachers – What they do when they leave teaching
There’s a chart taken from data from the “Teacher Follow-up Survey” (TFS) of the School and Staffing Survey, which is administered to school teachers nationwide every four years by the U.S. Department of Education. We see in the chart that about 16 percent of teachers exited a school in recent years, combining both exits represented … Continue reading
Multigenerational Workforce – Requires flexible leadership, policies and programs
Five generations work side by side in today’s workforce, making it important to create an inclusive culture that meets the varying needs of each age group, according to a new research paper. Members of each generation bring a distinct set of values, attitudes and behaviors to the workplace, noted Kimberly Abel-Lanier, vice president and general … Continue reading
Canada – Recent developments in the labour market
Total employment increased by 64,000 (+0.4%) in the last six months of 2015 on gains in part-time work and self employment. Full-time employment was little changed during the second half of the year after notable gains in the first six months (+123,000). Individuals aged 55 and older accounted for all of the net gain in … Continue reading
Career and Technical Education (CTE) – The more CTE courses students take, the better their education and labor market outcomes
Until the late 1990s, “vocational education” in traditional trades such as carpentry, cosmetology, and auto mechanics was often the presumptive high school placement for low-performing students considered ill-suited for college. However, in the past two decades, policymakers and educators have reconsidered what is now referred to as “Career and Technical Education” (CTE). Done right, secondary … Continue reading
Skill Mismatches in Transition Economies – Quantitative indicators should be treated with caution
In transition economies, the proportion of the adult population educated to the secondary level or higher (the stock of human capital) is on par with that in mature market economies. Policymakers often use educational attainment data as one of their country’s key competitive advantages for attracting foreign investment and innovation. However, these quantitative indicators should … Continue reading
Skills Gap – Measuring Skill Mismatch
Skills are the new “global currency of 21st-century economies” and skill mismatch occurs when skills possessed by the workers exceed or do not meet the skills required at their workplace. It can lead to skill depreciation and slower adaptation to technological progress, from a macroeconomic perspective, and impacts workers’ earnings and job satisfaction, from a … Continue reading
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