Michel Cournoyer

Michel Cournoyer has written 9403 posts for Job Market Monitor

Industrial Production in US and Europe – Down in both cases

Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate. Manufacturing production was unchanged in March after declining in both January and February. The index for utilities rose 0.2 percent, while mining output moved down 0.8 percent. At 110.2 percent … Continue reading

Annual Review of Labour market in Canada, 2018 – Record-low unemployment rate

Canada’s record-low unemployment rate was one of several notable labour market trends in 2018. While the overall labour force participation rate continued to decrease, in keeping with the aging population, it reached a record high 83.2% among women in the core working ages of 25 to 54. The long-term trend of increasing labour force participation for people aged 55 and older was … Continue reading

Retirement in Canada – The Canadian Institute of Actuaries proposes to defer it

The CIA is proposing changes to the age at which benefits should be made available to Canadians under Canada’s retirement income systems and tax-assisted private savings programs, specifically the Canada Pension Plan/Quebec Pension Plan (CPP/QPP), Old Age Security (OAS), and registered pension plans and Registered Retirement Savings Plans (RRSPs). This document is intended to engage … Continue reading

Employers’ Recruitment Practices in UK – 9 percentage point reduction in the proportion of employers who monitor the age of their workforce during recruitment

This report presents the findings from the Department for Work and Pensions (DWP) employer engagement survey 2018, conducted by IFF Research. The employer engagement survey 2018 is the third wave of a cross-sectional representative survey of 4,201 employers across Great Britain. The survey was conducted between February and July 2018 and the previous waves of … Continue reading

Wage Growth Slowdown in Australia – The extent and causes

A range of measures show a significant slowing in wage growth in Australia over the past five years. The Wage Price Index (WPI) grew at an annual average of 2.2 per cent in the five years to December 2018, which compares with average annual growth of 3.3 per cent in the previous five years to … Continue reading

Skills for Green Jobs in Europe – No common approach to and no definition of it

Preparing for sustainable growth within the context of a circular economy is an accepted policy aim across the globe. The implications for economic sectors, and consequently for occupations, skills and relevant policies, are undeniable. In 2010 Cedefop collaborated with the International Labour Organization and reviewed the state of play regarding ‘green skills’ and ‘green jobs’ … Continue reading

Future of Work – The ILO’s Centenary Global Tour

ILO Director-General Guy Ryder shared his vision of the future of work, at an event at the Graduate Institute, Geneva – part of the ILO’s 24-hour Centenary Global Tour.

Business Cycles in US – NBER’s reference dates and duration

  Chosen excerpts by Job Market Monitor. Read the whole story at US Business Cycle Expansions and Contractions

The Future of Work in Canada – Trends with the potential to impact

What does the future hold for employment in Canada? Using strategic foresight research methods, this report explores a broad range of trends with the potential to impact Canada’s labour market. TECHNOLOGICAL CHANGE 1. AI EVERYTHING: AI may impact and potentially disrupt every industry. 2. VR + AR EXPERIENCES: Virtual and Augmented Reality may transform the … Continue reading

Purposeful Work and Higher Education in US – Less than half of college graduates succeed in finding it

Representing the views of more than 2,000 college graduates, 600 hiring managers and 1,000 parents of students who are college bound, in college or who recently graduated from college, this study measures the extent to which college graduates seek and find purpose in their work. The study identifies four key undergraduate experiences that align with … Continue reading

Apprenticeships in UK – Should be broader, higher quality, better prepared

Apprenticeships are seen as the jewel in the crown of technical education in the UK. While they are generally perceived positively by the businesses and apprentices involved, and some significant progress has been made in recent years, there is no doubt that this particular jewel risks becoming significantly tarnished. Our evidence shows that, with the … Continue reading

Education in UK – The pace of growth in young people’s educational attainment has more than halved since the start of the 21st century

This paper uses the Brexit moment to take stock of where Britain has got to on educational attainment, and where we might be heading. It highlights that while improvements to the country’s human capital stock have been driven by increasingly educated cohorts of young people flowing into the labour market, the pace of growth in … Continue reading

The Future of Work – How automation could affect employment for women and minorities

Much has already been said about how automation and artificial intelligence will affect employment and wages. But what about the impact of these trends on women in the workplace? While many obstacles still stand in the way of gender parity, with the right policy actions by governments and businesses, women appear well placed to benefit … Continue reading

Hourly Labour Costs in Europe (2018) – Rose by 2.7% in the EU and by 2.2% in the euro area

In 2018, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be €27.4 in the European Union (EU) and €30.6 in the euro area. However, the average masks significant gaps between EU Member States, with the lowest hourly labour costs recorded in Bulgaria (€5.4), Romania (€6.9), Lithuania (€9.0), … Continue reading

The Squeezed Middle Class – The education and training systems should offer a wider range of learning opportunities at various ages OCDE says

Over the past decade, the OECD has documented the evolution of inequalities in income and opportunities in details in a series of flagship publications, from Growing Unequal? (2008), to Divided we Stand (2011), to In it Together (2015) and the latest release on The Broken Social Elevator that focused on social mobility and showed that … Continue reading

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