Job Market Monitor
Michel Cournoyer
Recessions in US – Labor market downturns fall most on young and less-educated workers
This paper provides empirical estimates on the labor market responses to a large number of recessions and crises, including estimates that use microdata to trace the propagation and incidence of such crises. Our results draw on two different data sets, each built from quarterly labor force surveys. The distribution of the severity and duration of … Continue reading
Job Growth in Canada – Governments outpace and the private sectors in 8 provinces
● Several past analyses published by the Fraser Institute have shown that in recent years net job creation in the government sector has dramatically outstripped private-sector job creation. ● This publication updates these data, showing that during the recession brought on by the COVID- 19 pandemic and the following recovery (2019–2023), government employment has increased … Continue reading
Skills and Productivity in Canada – Skills shortages explain 7 per cent of the gap between U.S. and Canadian productivity
Skills shortages hamper Canada’s productivity growth. If there had been no skills shortages over the past 20 years, Canada’s GDP would be 1.8 per cent, or $49 billion, larger. Key findings • Skills shortages hamper productivity growth. We estimate Canada’s GDP would be up to 1.8 per cent, or $49 billion, larger today if there … Continue reading
Lifelong Guidance Systems in Europe – Monitoring and evaluating
Traditional learning and career pathways are being replaced by more dynamic, ‘patchier’ routes and shorter job tenures. Fast-changing and more complex learning and working contexts draw more attention to continuous learning and individual mobility, making lifelong guidance pivotal. It improves people’s access to career information, helps them assess it and enables them to develop diverse … Continue reading
Minimum Wages in the 21st Century – They have had limited direct employment effects
Minimum wage policies have evolved from their initial introduction, and have become an important tool used by many countries to address various economic and social challenges. The debate and perspectives on minimum wages have also evolved considerably, influenced by both changing economic theories and empirical research. Although economists were highly skeptical about the benefits of … Continue reading
Olympic Champions – Dividing a country’s medals by the size of their economy.
The Olympics are over, and amid the many tales of individual or team joy and despair was a hot contest in the overall medal table. The US pipped China to the top spot after being tied on gold medals, while the UK came a respectable seven in terms of golds, and a remarkable third in … Continue reading
Skills for the Green Transition – The OECD Employment Outlook 2024
Skills for the green transition Abstract Analysing skills in the context of the net-zero transition is crucial as it helps identify mismatches between existing workforce competences and those demanded by emerging green activities. Addressing these gaps through training and education ensures a smoother transition, but policies need to be carefully designed. To this end, this … Continue reading
Compétences, compétence et « La compétence professionnelle – Une grande variété de significations
Le concept de compétence est utilisé largement pour exprimer une grande variété de significations. Des éclaircissements s’imposent. Une personne peut être compétente, mais pas un camion ou un estomac. Pour le camion et l’estomac, ce sont des affirmations que j’ai entendu dernièrement par un médecin qui indiquait que l’estomac de son patient était incompétent, ou … Continue reading
Remote Work in Call-Centers in US – The hourly calls of formerly on-site workers fell by 4 percent relative to that of already remote workers
Before the Covid-19 pandemic, less than a fifth of Americans worked remotely. Even in seemingly remotable tasks like call-center work, remote work was uncom- mon. This rarity was surprising since most workers were willing to take pay cuts to work at home (Mas and Pallais, 2017), and working remotely seemed to boost productivity in call-centers … Continue reading
Assessment of Labour Market Health by the Bank of Canada – A balance from overheated levels and some signs of structural changes
This staff analytical note builds on Ens et al. (2021); Ens et al. (2022); and Ens, See and Luu (2023) to assess the health of the Canadian labour market. These earlier works established a more granular framework for assessing the labour market given its diverse and segmented nature. In this note we do three things: … Continue reading
Talent Mobility – Up to 800 million professionals around the world who may actively looking for job abroad
What a study of 150,000 people in 188 countries tells us about where people will move for work—and why. Where Do People Want to Go? In 2023, Australia, which has been steadily rising through the ranks since we initiated this series, finally topped the list of desirable country destinations. Why Do People Choose a Specific … Continue reading
Artificial intelligence (AI) and Skills – High-exposure occupations comprise a third of all vacancies in OECD countries in the sample
Artificial intelligence (AI) adoption by firms is changing how workers perform their jobs and how work is organised. This reorganisation of tasks will result in changing demand for skills. For example, firms will demand more workers with AI skills, i.e. workers with the knowledge and competencies to actively develop and maintain AI models. However, despite … Continue reading
Artificial Intelligence (AI) – No indication it has affected wage inequality between occupations so far and some evidence it may be associated with lower wage inequality within occupations
The last decade has seen impressive advances in Artificial Intelligence (AI). This rapid progress has been accompanied by, amongst others, concerns about the possible effects of AI on the labour market, including on wages and inequality between workers; concerns that have come to a head since the public launch, in late 2022, of generative AI … Continue reading
Living Standards in Canada – Returning to trend is no small task
Gross Domestic Product per capita is widely used to gauge differences in living standards across countries. Higher levels of per capita output are generally found in more developed economies with advanced infrastructure, better health care and education systems, and higher levels of access to technologies and innovation. This article provides some additional perspective on the … Continue reading
Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)
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