Job Market Monitor
Michel Cournoyer
L’emploi au Québec (Février 2022) — Une hausse de 82 000 (+1,9 %) et le chômage à 4,5%
L’emploi au Québec a augmenté de 82 000 (+1,9 %) en février, et les hausses les plus marquées ont été enregistrées dans les services d’hébergement et de restauration, dans l’information, la culture et les loisirs ainsi que dans le commerce de gros et de détail. Dans la RMR de Montréal, l’emploi a progressé de 37 000 (+1,6 %). Le taux de chômage provincial … Continue reading
Structural Reform in OECD – Labour market reforms with active labour market policies would boost living standards by 21⁄2 per cent
This paper updates the long-term scenarios to 2060 last published in July 2018, with a special focus on fiscal sustainability and risks. In a baseline economic and fiscal scenario, trend real GDP growth for the OECD + G20 area declines from around 3% post-COVID to 1½ per cent in 2060, mainly due to a deceleration … Continue reading
Microcertifications au Canada – Une multiplicité d’approches et de programmes
Les Canadiens et Canadiennes étant de plus en plus nombreux à se tourner vers les collèges et les instituts pour mettre leurs compétences à niveau ou se réorienter, les microcertifications n’ont jamais été aussi recherchées et aussi importantes pour l’économie canadienne. Or, la multiplicité d’approches et de programmes proposés dans l’ensemble du pays les rend … Continue reading
Inflation in US to 40-Year High(February 2022) – Consumer Price Index up 7.9 percent over the last 12 months
CONSUMER PRICE INDEX – FEBRUARY 2022 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment. Chosen … Continue reading
College Education in US – The gender gap is growing
The growing gender gap in higher education – both in enrollment and graduation rates – has been a topic of conversation and debate in recent months. Young women are more likely to be enrolled in college today than young men, and among those ages 25 and older, women are more likely than men to have … Continue reading
The Great Resignation in US – Low pay (63%), no opportunities for advancement (63%) and feeling disrespected at work (57%) were reasons why
Workers who quit a job in 2021 say low pay (63%), no opportunities for advancement (63%) and feeling disrespected at work (57%) were reasons why. The COVID-19 pandemic set off nearly unprecedented churn in the U.S. labor market. Widespread job losses in the early months of the pandemic gave way to tight labor markets in … Continue reading
The Great Resignation in UK – One in three adults say they want do do it, but most think they lack the skills to switch
One in three adults say they want to change job, but most think they lack the skills to switch Over a third of adults (34%) are looking to change job or career in the next two years, according to the latest results of the largest survey of adult participation in learning in the UK. Learning … Continue reading
Adult Learning in Europe – Those least likely to participate are also those most likely to agree that they lack general and technical skills to carry out their job at the required level
Strong belief in the value of learning and the pressing need for skills are not enough to motivate adults to participate in lifelong learning In 2019, Cedefop launched a pan-European opinion survey on adult learning and continuing vocational education and training (CVET). Demographic trends and technological change increase the need for adults to learn and … Continue reading
Career Guidance in Canada – The truth is that Canada has a “fail-first” approach
According to the report, Canadian adults use career guidance services at only half the rate (19%) of adults in other OECD countries (39%). How is it that the most educated workforce in the world can be so far behind in career ownership and navigation skills—especially in an era when jobs are changing all the time? The truth … Continue reading
Labor Market Fluidity and Wage Growth – Differences in labor market fluidity account for half of the faster wage growth experienced by high fluidity economies
Job-to-job labor market flows vary substantially across countries. In Labor Market Fluidity and Human Capital Accumulation (NBER Working Paper 29698), Niklas Engbom finds that greater labor market fluidity — more frequent job changes per worker—is associated with greater human capital accumulation as workers acquire new skills. Greater fluidity also allows workers to find jobs where … Continue reading
Skills Vacancies in Canada – Their costs rose from $15 billion in 2015 to $25 billion in 2020
When an employer is hiring, they are looking for a set of skills to complete a series of tasks. Until the employer can recruit a new employee, the needed skills remain missing. Job vacancies can thus be thought of as skill-set vacancies, or as unfilled skills demand. Such sought-after skills are valuable. Salaries or wages reflect, in … Continue reading
Job Report in US (February 2022) – Employment rose by 678,000 and unemployment down to 3.8 percent
Total nonfarm payroll employment rose by 678,000 in February, and the unemployment rate edged down to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, health care, and construction. Household Survey Data In February, the unemployment rate edged down … Continue reading
Global Green Skills Report by LinkedIn – Demand for green talent will soon outpace supply
We’re in a time of great upheaval around the world. We are experiencing an unprecedented moment in history where we are reimagining the future of work. Governments are assessing policies, programmes and how to support constituents amid the pandemic. Business leaders are reimagining their entire working models, cultures and company values. Employees are rethinking what … Continue reading
Labour Shortages and Immigration in UK – Too often attitudes seem decided by whether someone is generally for or against immigration
Can the shortages of workers reported by the UK’s food and drink sector be solved by making it easier to hire migrants? How will wages in these sectors change? And is there a conflict between short- and long-term fixes? Alan Manning sets out the trade-offs involved in answering these questions. There are pros and cons … Continue reading
AI skills – The demand rose dramatically over 2010–2019 in the U.S. economy
Using detailed data on skill requirements in online vacancies, we estimate the demand for AI specialists across occupations, sectors, and firms. We document a dramatic increase in the demand for AI skills over 2010–2019 in the U.S. economy across most industries and occupations. The demand is highest in IT occupations, followed by architecture and engineering, … Continue reading
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