Job Market Monitor
Michel Cournoyer
Essential Workers in US – About half of all workers in low-paid occupations
Using our colleagues Adie Tomer and Joseph W. Kane’s essential worker classification and 2018 data from the Bureau of Labor Statistics, we find that essential workers comprised approximately half (47%) of all workers in occupations with a median wage of less than $15 an hour. In 2018, 47.7 million U.S. workers were in occupations with … Continue reading
Career Guidance for Adults – Four out of ten adults having spoken to a career guidance advisor in the past five years
With support from the JPMorgan Chase Foundation as part of the firm’s commitment to the future of work, a new OECD report fills information gaps in what we know about career guidance services for adults: What share of adults use career guidance? What distinguishes users from non-users? Are some types of career guidance more effective … Continue reading
Job Report in US (January 2021) – Employment changed little (+49,000) and unemployment to 6.3 percent
The unemployment rate fell by 0.4 percentage point to 6.3 percent in January, while nonfarm payroll employment changed little (+49,000), the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic and efforts to contain it. In January, notable job gains in professional and business services and in both … Continue reading
L’Emploi au Québec (janvier 2021) – Recul de 98 000 (-2,3 %), première baisse notable depuis avril 2020 et le chômage monte à 8,8 %
Au Québec, l’emploi a reculé de 98 000 (-2,3 %) en janvier, et il s’agit de la première baisse notable depuis avril 2020. En raison du plus grand nombre de personnes à la recherche de travail, le taux de chômage a augmenté de deux points de pourcentage pour atteindre 8,8 %, ce qui représente le … Continue reading
Productivity in US (Q4 2020) – Largest drop in 39 years
Nonfarm business sector labor productivity decreased 4.8 percent in the fourth quarter of 2020, the U.S. Bureau of Labor Statistics reported today, as output increased 5.3 percent and hours worked increased 10.7 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates, and show what the percent change would be if the … Continue reading
Workforce Training for Job Recovery – An Opportunity Account
In this analysis, we examine the impacts of the pandemic recession across different dimensions, including employment, labor force participation, and the need to switch industries. This analysis provides texture and evidence to the emerging understanding that women and people of color, working in the service industry, have been the most negatively affected. The challenge of … Continue reading
Job Recovery in US – At this rate of job growth, the economy is years away from a full recovery
On Friday, the Bureau of Labor Statistics (BLS) will release its latest jobs report on the state of the labor market for January 2021. The pandemic recession has caused immense damage to the health and economic well-being of millions of people for over 10 months. The economic pain easily extends to nearly 27 million workers in … Continue reading
Home Working – A guide
With growing numbers of people working from home, we take a look at the essentials of creating a workspace and routine to maximise productivity. This guide focuses on remote workers who are based in their own home, and the unique challenges this presents. It’s become a more popular way of working as there are plenty … Continue reading
UI Weekly Claims in US (week ending January 30) – 779,000, a decrease of 33,000 from the previous, still well above levels before the pandemic
In the week ending January 30, the advance figure for seasonally adjusted initial claims was 779,000, a decrease of 33,000 from the previous week’s revised level. The previous week’s level was revised down by 35,000 from 847,000 to 812,000. The 4-week moving average was 848,250, a decrease of 1,250 from the previous week’s revised average. … Continue reading
Active Labour Market Policy (ALMP) – Reducing dispositional barriers to learning for groups that commonly report less proactive learning attitudes
Most active labour market policy (ALMP) research investigates potential socioeconomic consequences such as unemployment risks and earning potential but too often neglects potential cultural effects. When approaching ALMP research based on institutional and socialisation theory, researchers would expect that people internalise cultural and normative elements from their institutional environment. This study set out to investigate … Continue reading
L’Approche par Compétences – Quels sont ses avantages?
Tout programme basé sur les compétences doit être facile à comprendre et à utiliser, sans quoi les résultats escomptés ne seront peut-être pas au rendez-vous. Quels sont les avantages de l’approche par compétences? Cette approche insuffle davantage de cohérence dans le système RH. Elle rend les processus RH plus concrets du fait que les compétences … Continue reading
Upskilling – A 7 Steps Guide
It’s not enough to just talk about upskilling people. It’s essential to understand exactly how to put an advanced, people-focused upskilling strategy in place now. Upskilling is all about preparing for the future Keeping people’s skills in sync with the constantly changing world of work is the biggest talent challenge of our time. To meet … Continue reading
Covid Jobs Recovery – Can EMs Create Enough Jobs?
The COVID-19 pandemic derailed global growth and EMs suffered an unprecedented activity collapse. Recovery from the crisis continues to be bumpy, but we think that the focus will soon shift back to the medium-term growth outlook in EM. Several pre-COVID-19 research notes documented a secular decline in EM growth, which can complicate job creation, possibly … Continue reading
COVID Impacts on Global Labour Income – estimated to have declined by 10.7 per cent, or US$ 3.5 trillion, in the first three quarters of 2020
The devastating losses in working hours caused by the COVID-19 pandemic have brought a “massive” drop in labour income for workers around the world, says the International Labour Organization (ILO) in its latest assessment of the effects of the pandemic on the world of work. Global labour income is estimated to have declined by 10.7 … Continue reading
The Inequality Virus – World’s poorest people recovery could take 14 times longer than the top 1,000 billionaires
The coronavirus pandemic has the potential to lead to an increase in inequality in almost every country at once, the first time this has happened since records began. The virus has exposed, fed off and increased existing inequalities of wealth, gender and race. Over two million people have died, and hundreds of millions of people … Continue reading
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