Job Market Monitor
Michel Cournoyer
Young People Leaving Full-Time Education in UK – Employment rate are projected to be 13 per cent lower
The economic fallout from the coronavirus has taken the UK into uncharted territory, with fears that an additional 640,000 18-24-year-olds could find themselves unemployed this year alone. This briefing note focuses specifically on the prospects facing young people leaving full-time education today, highlighting the size and length of employment and pay scarring that they could … Continue reading
Unemployment in Europe (June 2020) – 7.8% in the the euro area with 2.962 million young persons (under 25)
In June 2020, the month when COVID-19 containment measures started being phased out in most Member States, the euro area seasonally-adjusted unemployment rate was 7.8%, up from 7.7% in May 2020. The EU unemployment rate was 7.1% in June 2020, up from 7.0% in May 2020. These figures are published by Eurostat, the statistical office … Continue reading
Inflation and Unemployment in US and Europe – The large drop in US core inflation is fully accounted for by sharply higher unemployment but it still a genuine puzzle in the Euro zone
• The years leading up to COVID-19 saw persistently low inflation, … • something that came to be called by some the “missing inflation puzzle.” • Rising unemployment and weak demand are now pushing inflation down, … • though low inflation does not mean that something is automatically “missing.” • We update our Phillips curve … Continue reading
L’Emploi Salarié au Canada et Québec, mai 2020 – Le nombre a fléchi en mai, en baisse de 585 100 (-4,1 %), pour une baisse totale depuis février de 3,4 millions (-19,9 %).
Le nombre d’emplois salariés, c’est-à-dire le nombre de Canadiens qui reçoivent une rémunération de leur employeur, est mesuré dans le cadre de l’Enquête sur l’emploi, la rémunération et les heures travaillées. Ce nombre a fléchi de 585 100 en mai (-4,1 %). Cela fait suite aux reculs observés en mars (-0,9 million) et en avril … Continue reading
Online Working – The most crucial skills for thriving in the online platform economy are technical-core skills
The coronavirus (Covid-19) pandemic has highlighted the vast opportunities of working and learning digitally.In these exceptional times, where a large part of the workforce has been obliged to work remotely due to home confinement and social distancing measures, gig or crowd-workers have enjoyed a kind of ‘home field’ advantage: working and interacting digitally has always … Continue reading
UI Weekly Claims in US (JULY 30, 2020) – 1,434,000, an increase of 12,000 from the previous week’s revised level
SEASONALLY ADJUSTED DATA In the week ending July 25, the advance figure for seasonally adjusted initial claims was 1,434,000, an increase of 12,000 from the previous week’s revised level. The previous week’s level was revised up by 6,000 from 1,416,000 to 1,422,000. The 4-week moving average was 1,368,500, an increase of 6,500 from the previous … Continue reading
Skills – Integrating competencies in postsecondary education and training
Although employers may require degrees, these credentials may not be the best signal of skills for hiring qualified workers. And students may not see investing in years of postsecondary education as cost-effective. Using competencies to communicate skills could facilitate smarter hiring practices and create a more flexible, lower-cost education system of shorter-term credentials that are … Continue reading
Social Safety Net in US – It has not led disrupted local economies to recover
Our research indicates that recessions produce enduring economic disruptions to local economies, and this pattern has existed for at least the past five decades. Consequently, recessions likely play a role in the shift of economic activity across places over time; this, in turn, has implications for economic opportunity for people who grow up in areas … Continue reading
Recovery – Upskilling and reskilling remote workers
Embracing remote working poses serious early-stage challenges for organizations, across the operating-model dimensions of people, structure, process, and technology and leaders have an essential role to play in developing solutions to tackle these challenges in the short term (Exhibit 1). Our recent findings show that although 87 percent of executives said they were experiencing skill gaps … Continue reading
VET in Germany – A successful model
Vocational education and training (VET) in Germany is based on close cooperation between the State, companies and social partners. Germany’s VET is a successful model, largely based on the dual system (apprenticeship) leading to high-quality vocational qualifications, valued on the labour market. Apprenticeship enables smooth education-to-work transitions, resulting in low youth unemployment: in 2019, 5.8% … Continue reading
Time Limits to Social Assistance in US – Decreased welfare participation by 22 percent and transfer income by 6 percent
BRIEF HIGHLIGHTS Several states imposed time limits for welfare receipt in the wake of the Great Recession. Stricter time limits decreased welfare participation by 22 percent and transfer income by 6 percent. The time limits tend to decrease earnings in states without generous benefits at baseline. Separation from work and welfare diminishes families’ access to … Continue reading
New Pathways to Success – The most disadvantaged children and young people are less likely to receive the education and develop the skills they need to adapt and prosper
Around the world, young people face considerable challenges. Even before the disruption of the Covid-19 crisis, policymakers were seeking to respond to rapid technological advances, climate change and – in some countries – an ageing population and workforce. While children and young people worldwide generally have high aspirations and ambitions for their futures, evidence shows … Continue reading
Going Green in UK – Highly-polluting industries employ 45 per cent of the workforce
To tackle the climate crisis, the UK Government has set a target of net-zero greenhouse gases by 2050. To achieve this target, a major transformation is required to prepare sectors and workers for the green economy. This report analyses the scale of the challenge and considers how sectors can adapt to avoid unemployment through the … Continue reading
Digital Skills for Data-Intensive Science – A need for both digitally skilled researchers, who have a common set of foundational digital skills coupled with domain-specific specialised skills
As we move into a new era of data-intensive science, expectations are high. Big data analysis and access to new forms of data are already providing important and novel scientific insights and driving innovation. As the ability to combine and analyse data from different domains increases, complex societal challenges, including those embedded in the United … Continue reading
Validation of Non-Formal and Informal Learning in Europe – There are significant differences in the use of validation between the education and training area and the labour market
Validation of non-formal and informal learning is defined as ‘a process of confirmation by an authorised body that an individual has acquired learning outcomes measured against a relevant standard’. The analysis examines the degree of development experienced in relation to the 11 principles set out in the Council recommendation on validation. It is important to … Continue reading
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