Job Market Monitor
Michel Cournoyer
Training in US – What works for adults?
What works for adults? A post-secondary education, particularly a degree or industry-recognized credential related to jobs in demand, is the most important determinant of differences in workers’ lifetime earnings and incomes; Flexible and innovative training and post- secondary education approaches, such as contextual learning and bridge programs are expanding and show promise; The more closely … Continue reading
Chômage en Europe en Février 2016 – 10,3%, 4,381 millions de jeunes de moins de 25 ans
Dans la zone euro (ZE19), le taux de chômage corrigé des variations saisonnières s’est établi à 10,3% en février 2016, en baisse par rapport au taux de 10,4% enregistré en janvier 2016 et à celui de 11,2% de février 2015. Il s’agit du taux le plus faible enregistré dans la zone euro depuis août 2011. … Continue reading
Undocumented Immigrants – Regularization pros and cons
Addressing unauthorized immigration is controversial. Countries have adopted a variety of legalization programs, ranging from temporary visa programs to naturalization. Research in the US focused on past amnesty programs finds improved labor market outcomes for newly legalized immigrants. Findings are more mixed for European countries. Studies suggest that regularization of undocumented immigrants can result in … Continue reading
The Job Market In US – Most views positive in last 15 years PEW’s survey shows
Americans are now more positive about the job opportunities available to them than they have been since the economic meltdown, when views of the job market took a nosedive. Today’s more upbeat views rank among some of the best assessments of the job market in Pew Research Center surveys dating back 15 years. In a … Continue reading
Seasonal Adjustment – A longer window should be used
Conceptually, one may define seasonal adjustment as the purging of any variations in economic data that are predictable using the calendar alone. This includes not only effects associated with the time of year but factors such as the timing of Easter or the number of business days in a month. It does not include variations … Continue reading
Post-secondary Education in US – The academic-dominated approach is not working
The academic-dominated approach is not working, especially for economically disadvantaged students. Of this group, about 20 percent of teenagers don’t graduate from high school at all. Of those who do graduate, about half matriculate to some form of college. But many are not ready: two-thirds of low-income students at community colleges start in remedial classes. … Continue reading
National Living Wage in UK – The biggest year-on-year increase since 2001
“Britain deserves a pay rise,” George Osborne declared last year. And what a pay rise. The British chancellor announced a “National Living Wage,” where those aged 25 and over will see their minimum pay jump from £6.70 ($9.63) to £7.20 ($10.30) an hour. The increase—the biggest year-on-year increase since 2001—comes into force today (April 1).The … Continue reading
Narcissistic Boss – Take care of yourself
Research shows there are a large number of narcissists who become leaders. If you’re unlucky enough to have one of these people as a manager, it may be no consolation that you’re in good company. So how do you stay sane? What’s the best way to reduce the impact of your boss’s self-centered behavior? One of … Continue reading
Job Report in US, March 2016 – Clearly a strong report: total nonfarm payroll employment rose by 215,000 and the unemployment little changed at 5.0 percent
Total nonfarm payroll employment rose by 215,000 in March, and the unemployment rate was little changed at 5.0 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in retail trade, construction, and health care. Job losses occurred in manufacturing and mining. Household Survey Data In March, the unemployment rate (5.0 percent) and the … Continue reading
Governance and financing of apprenticeships in Spain, Italy, Latvia, Portugal and Sweden
This report analyses VET governance structures and financing arrangements in Spain, Italy, Latvia, Portugal and Sweden in view of developing and expanding apprenticeship.The study identifies ‘favourable’ or ‘ideal’ (from a theoretical point of view) governance structures and financing arrangements (normative model) that would support sustainable implementation of high-quality apprenticeship.Against the backdrop of this model, current … Continue reading
Current apprenticeships policy and developments in England
Skills and training are devolved policy areas. This Briefing Paper covers apprenticeships in England. Sources of information on apprenticeships in Scotland, Wales and Northern Ireland are included in Section 4, Useful Sources. The Government has made a commitment of 3 million new apprenticeships starts in England between 2015 and 2020. Apprenticeships are full-time paid jobs … Continue reading
STEM workforce in Australia – 2.3 million people with qualifications
Australia’s future will rely on science, technology, engineering and mathematics (STEM)—disciplines at the core of innovation. Our businesses will rely on STEM to compete in the emerging sectors that new technologies will create, as well as in the existing sectors which new technologies will transform. Our workforce will require specialised skills in STEM as well … Continue reading
Discouraged Workers Effect in Germany – Across all age groups and both sexes, but differs with respect to the magnitude
The response of the labor force to fluctuations in unemployment has been discussed for decades. Especially the labor supply of females seems to be affected by the de- mand side, or by the business cycle. The question of the relationship between cycli- cal variations in economic activity and labor force participation was typically exam- ined … Continue reading
Average Hourly Labour Costs in Europe – Bulgaria the lowest and Denmark the highest
In 2015, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be €25.0 in the European Union (EU) and €29.5 in the euro area. However, this average masks significant gaps between EU Member States, with the lowest hourly labour costs recorded in Bulgaria (€4.1), Romania (€5.0), Lithuania (€6.8), … Continue reading
Underemployment – A negative impact on future pay research finds
In recent years, the number of people graduating from higher education has increased rapidly all over the world. In most countries, however, this increase in labor supply quality has not been followed by an equal rise in labor demand, leading to a larger mismatch on the labor market for graduate students. The current turbulent state … Continue reading
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