Job Market Monitor
Michel Cournoyer
Overeducation in Europe – Take time to ensure that the job matches your skill set
The literature on skill mismatch has grown significantly over the years, where skills mismatch is usually defined either in terms of excess or deficient qualifications and skills possessed by individuals relative to job‐skill requirements. Evidence from several advanced economies has shown that skill mismatch is a widespread phenomenon, typically affecting about one third of the … Continue reading
Apprenticeship in UK – How UK apprentices perceive their pay
This essay explores apprenticeship pay as a key area of employee relations. It considers how apprentices perceive their current level of apprenticeship pay and critically evaluates the impact on young people’s future careers and inclusion. The essay considers the perspectives of employers, policy-makers, and trade unions within this evaluation. Thus the predominant aim of the … Continue reading
Poverty in US – A significant shifts in the geography
The Great Recession may have ended in 2009, but despite the subsequent jobs rebound and declining unemployment rate, the number of people living below the federal poverty line in the United States remains stuck at recession-era record levels. The rapid growth of the nation’s poor population during the 2000s also coincided with significant shifts in … Continue reading
US – The middle-class is shrinking Pew Research finds
The share of Americans who live in middle class households is shrinking. The share of U.S. adults living in middle-income households fell to 50% in 2015, after more than four decades in which those households served as the nation’s economic majority. And the financial gaps between middle- and upper-income Americans have widened, with upper-income households holding … Continue reading
Demographic trends in US – More racially and ethnically diverse
Americans are more racially and ethnically diverse than in the past, and the U.S. is projected to be even more diverse in the coming decades. Asia has replaced Latin America (including Mexico) as the biggest source of new immigrants to the U.S. Chosen excerpts by Job Market Monitor. Read the whole story at 10 demographic … Continue reading
The ICT Skills Gap in Canada – 218,000 tech jobs will be created by 2020
A report released earlier this month by the Information and Communications Technology Council estimates that 218,000 tech jobs will be created in Canada by 2020. It warns that it could cost the economy billions of dollars in lost productivity, tax revenues and GDP if Canada doesn’t address the tech skills gap. “It is imperative that … Continue reading
Retirement – We shouldn’t even use the word any more
The transition from employment to retirement used to be marked by a date on a calendar, along with some sheet cake, and a maybe a gold watch. Those days are long gone for most workers in the United States. Today, the journey toward complete withdrawal from the labor force can last many years. Economists refer … Continue reading
Youth – The world is roughly split into two
The world is roughly split into two – between countries where the population aged 15-19 will increase (almost threefold in the case of Niger) and where it will decrease. Chosen excerpts by Job Market Monitor. Read the whole story at Japan is not the only country worrying about population decline – get used to a two-speed … Continue reading
Colleges in US – The tremendous growth in the number of short credentials awarded
Over the past decade there has been tremendous growth in the number of short credentials awarded by public community colleges. These programs of study are explicitly vocational and require fewer credits for completion than an associate’s degree. However, it is not clear whether students benefit from obtaining these certificates. On the one hand, these credentials … Continue reading
The Gig Economy in US – About 1% of adults having tried one at some point
One of the most-hyped changes to the U.S. labor market has been “the rise of Uber and its ilk”—companies that use smartphone apps to connect workers to gig jobs. The most prominent example of this phenomenon is, of course, Uber, the ride-hailing service that allows people to summon drivers with an app and pay by the … Continue reading
Prosperity and Inequality – 43 percent of the world’s 1,645 billionaires were from emerging markets in 2014
Prosperity is not necessarily a result of crony capitalism, unfair business advantages or control of natural resources, monopolies, and favoritism. In fact, a new billionaire class has emerged that is testimony to innovation, creativity, ingenuity, and other capitalist skills traditionally associated with advanced economies. Far from disadvantaging poor and middle-class workers, these billionaires have compiled … Continue reading
Prime-Age Men in US – 1.4 million dropped out of work
Approximately 1.4 million men in their prime working years—age 25-54—have left the workforce since before the Great Recession began, bringing the total number to approximately 7 million.According to data compiled by U.S. Bureau of Labor Statistics economist Steven Hipple in a recent article, the most common reason those men give is being ill or disabled … Continue reading
The United Services Military Apprenticeship Program (USMAP) – Most service members and supervisors have a weak or no understanding of the program
The United Services Military Apprenticeship Program (USMAP) accounted for nearly one in four Registered Apprenticeships in the United States as of 2013. The 2008–13 growth in USMAP from 51,000 to nearly 88,000 apprenticeships offsets part of the sharp decline in civilian apprenticeships over the same period. Currently, about one in four enlisted Sailors and one … Continue reading
Employability – A fuzzy notion, often ill-defined and sometimes not defined at all
According to Gazier, the concept of employability was first used at the beginning of the twentieth century. It was based on the dichotomy between ‘‘employable’’ individuals (capable and willing and/or needing to work) versus ‘‘unemployable’’ individuals (unable to work and who needed help). An economic conception of employability was then developed so as to achieve … Continue reading
Global Job Market Outlook – Unemployment to increase by a further 3.4 million over the next two years ILO says
The global economic slowdown that occurred in 2015 is likely to have a delayed impact on labour markets in 2016, resulting in a rise in unemployment levels, particularly in emerging economies. Based on the most recent growth projections, global unemployment is expected to rise by nearly 2.3 million in 2016 and by a further 1.1 … Continue reading
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