Job Market Monitor
Michel Cournoyer
Skills Gap in Asia – Overqualification is pervasive, no evidence that current skills are insufficient to meet the demands
Evidence of cross-country qualification mismatch demonstrates that overqualification is even more pervasive in developing Asia than in advanced economies such as the US and other members of the OECD. However, the prevalence of over qualification relative to job requirements masks heterogeneities in skills, jobs, and labor market institutions. Nevertheless we find no evidence to support … Continue reading
Skills Gap in US – The next generation of workers won’t be able to fill the void
Nearly two-thirds (63 percent) of employers reported that they are concerned about the growing skills gap in the U.S.. A new analysis of college degree completions vs. job demand from CareerBuilder and Emsi shows that the next generation of workers won’t be able to fill the void. According to a national Harris Poll survey of … Continue reading
US – Labor market fluidity is declining research finds
We document a clear downward trend in labor market fluidity that is common across a variety of measures of worker and job turnover. This trend dates to at least the early 1980s if not somewhat earlier. Next we pull together evidence on a variety of hypotheses that might explain this downward trend. It is only … Continue reading
Job Report in US, February 2016 – Total nonfarm payroll employment increased by 242,000 and and the unemployment rate was unchanged at 4.9 percent
Total nonfarm payroll employment increased by 242,000 in February, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care and social assistance, retail trade, food services and drinking places, and private educational services. Job losses continued in mining. Household Survey Data In … Continue reading
UE – Nombre record de plus de 1,2 million primo-demandeurs d’asile enregistrés en 2015
En 2015, 1 255 600 primo-demandeurs d’asile ont introduit une demande de protection internationale dans les États membres de l’Union européenne (UE), soit plus du double que l’année précédente. Le nombre de Syriens sollicitant une protection internationale a doublé en 2015 par rapport à l’année précédente pour atteindre 362 800 personnes, alors que le nombre d’Afghans … Continue reading
Youth Unemployment – Significantly lower in countries with a high share of dual VET programmes research finds
In this paper, we investigated whether an education system with an extensive VET programme, measured by the enrolment rate of students in these programmes, increases the labour market integration and the quality of jobs for young people. This relationship has been studies before, but we extend the existing literature in three ways: First, we analyse … Continue reading
Skills Gap in UK – The number of skill-shortage vacancies has gone up by 43%
There was substantial growth in the number of employers active in the recruitment market in 2015 compared to 2013: 19 per cent of establishments had at least one current vacancy at the time of ESS 2015 eldwork, up from 15 per cent in 2013. Moreover, there were 928,000 reported vacancies, almost 300,000 more than two years … Continue reading
Employability – At least as much about acquiring certain habits as it is about knowledge or skill
How do you actually teach students to be more employable? How do you learn to be employable? What is it that leaders and managers do differently? What do teachers, trainers, coaches, lecturers and facilitators do that is different in the classroom, lecture hall, studio, workshop, training restaurant, etc? Which learning methods seem to work best? Here … Continue reading
France – À compétences égales, le critère linguistique fait la différence
Les langues vivantes étrangères sont essentielles pour l’employabilité des salariés. Promotion, mobilité, mais aussi rémunération sont les principaux effets des compétences linguistiques sur la carrière des salariés, selon la moitié des entreprises. Les langues étrangères facilitent l’évolution des salariés vers des postes à responsabilité et favorisent leur mobilité. Au regard de l’analyse des 1529 offres d’emploi … Continue reading
Skills Gap and Talent – Digital platforms could reduce employee-related costs by up to 7 percent
Businesses deploying digital labor platforms to their full potential could increase output by up to 9 percent, reduce employee-related costs by up to 7 percent, and add an average of 275 basis points to profit margins. Chosen excerpts by Job Market Monitor. Read the whole story at Managing talent in a digital age | McKinsey & … Continue reading
Overeducated in the EU – Taking time to ensure that the job matches your skill set has a big pay‐off
Studies of skill mismatch tend to focus on one of two central measures (a) overskilling which describes the phenomena whereby workers are unable to use a range of their skills and abilities in their current job and (b) overeducation, which describes the phenomena whereby workers have acquired a level of schooling in excess of what … Continue reading
Productivity and Smart Simplicity – Unleashing the power of talent
If companies successfully marry new digital approaches with what we call “smart simplicity,” they can unleash the latent power of their technology and their people. Smart simplicity is built on the premise that companies are most productive when they harness the intelligence of their employees. Many of today’s most successful digital natives, such as Netflix … Continue reading
The Mandatory Work Experience Placements in UK – What students got out of employers being involved in their education
Work experience placements are mandatory in the UK for all young people aged 16–18 in education, and their employability effects and associated wage premia are well noted in the literature. In the half a century since the Newsom Report (1963) first recommended that exposure to the working world be incorporated into the final years of … Continue reading
Australia – Six megatrends for jobs and employment markets over the coming twenty years
The study has identified six megatrends for jobs and employment markets over the coming twenty years. The second half of the chessboard The explosion in device connectivity, data volumes and computing speed, combined with rapid advances in automated systems and artificial intelligence means that robotic devices can perform many tasks more quickly, safely and efficiently … Continue reading
Euro Area in January 2016 – Unemployment rate at 10.3%, 22.0% or 3.037 million under 25 unemployed
The euro area (EA19) seasonally-adjusted unemployment rate was 10.3% in January 2016, down from 10.4% in December 2015, and from 11.3% in January 2015. This is the lowest rate recorded in the euro area since August 2011. The EU28 unemployment rate was 8.9% in January 2016, down from 9.0% in December 2015, and from 9.8% … Continue reading
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