Job Market Monitor
Michel Cournoyer
Immigrants in Canada – Recent immigrants have higher entry wages and more work experience prior to admission than before
Immigrants admitted to Canada in 2016 reported a median entry wage of $25,900 in 2017, the highest recorded among immigrants admitted since 1981. Although the entry wages of recent immigrants have increased over the past few years, their income remains lower than that of the overall Canadian population. The Canadian Income Survey estimated the Canadian population’s median wage at $36,100 in 2017. … Continue reading
Skills in US – Talent is America’s most precious resource
In his recent book, The Gift of Global Talent, Harvard economist William R. Kerr argues that talent is the world’s most precious resource. Across America’s network of regional economies, this is undoubtedly true. The collective knowledge and capabilities of the U.S. workforce is worth an estimated $240 trillion—four times more valuable than the country’s physical … Continue reading
Industrial Production in Europe (October 2019) – Down by 0.5% in Euro Area
In October 2019 compared with September 2019, seasonally adjusted industrial production fell by 0.5% in the euro area (EA19) and by 0.4% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In September 2019, industrial production fell by 0.1% in the euro area and rose by 0.1% in the … Continue reading
STEM-educated Immigrants in Canada – The country of education appears to be an important determinant
This paper examines the skill utilization and earnings of employed immigrants with a university degree in the science, technology, engineering, and mathematics (STEM) fields. Unlike earlier papers, which dealt with immigrant STEM graduates as a whole, this paper disaggregates the results by field of study and degree level (bachelor’s, master’s, and doctoral). In 2016, immigrants … Continue reading
Over-education Immigration in Canada – Recent immigrants experienced a clear occupational downgrading
The educational attainment of the Canadian population has been rising rapidly in recent decades. There is concern that educational expansion has outpaced demand, leading to an increased prevalence of over-education. Over-education is defined as educational qualification that exceeds what is required to adequately perform the job. This study uses census data to document the rising … Continue reading
Upskilling – 366,000 people in 197 countries surveyed
In one of the largest global surveys of labor trends and work preferences, BCG and online recruiting company the Network surveyed 366,000 people in 197 countries. The results revealed that most people are prepared to retrain for a new position. If people feel that their livelihoods are affected by global megatrends, it follows that … Continue reading
Job Report in Canada, November 2019 – Employment fell by 71,000 and unemployment rose to 5.9%
After holding steady in October, employment fell by 71,000 (-0.4%) in November. The unemployment rate rose by 0.4 percentage points to 5.9%. Compared with November 2018, employment gains otalled 293,000 (+1.6%), with the increase largely accounted for by full-time work. Over the same period, total hours worked grew by 0.2%. Highlights In November, employment declined in Quebec, Alberta and British Columbia, while it was … Continue reading
L’emploi au Québec (novembre 2019) – Une baisse de 45 000 et chômage en hausse à 5,6 %
L’emploi baisse au Québec Au Québec, le nombre de personnes qui occupaient un emploi a diminué de 45 000 en novembre. Cette baisse est en grande partie attribuable au secteur de la fabrication et au secteur des services d’hébergement et de restauration. Le taux de chômage dans la province a augmenté de 0,6 point de pourcentage pour atteindre 5,6 %, à la … Continue reading
Job Report in US (November 2019) – Employment rose by 266,000, much better than expected
Total nonfarm payroll employment rose by 266,000 in November, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and in professional and technical services. Employment rose in manufacturing, reflecting the return of workers from a strike. Household Survey Data … Continue reading
New PISA – Most countries, particularly in the developed world, have seen little improvement over the past decade OECD finds
One in four students in OECD countries are unable to complete even the most basic reading tasks, meaning they are likely to struggle to find their way through life in an increasingly volatile, digital world. This is one of the findings of the OECD’s latest PISA global education test, which evaluates the quality, equity and … Continue reading
Québec vs Ontario – Le marché du travail s’est davantage amélioré mais …
Dans la majorité des cas, le Québec a récemment effectué un virage plus marqué que l’Ontario par rapport à sa propre tendance historique. Par rapport à sa moyenne des 20 dernières années, le Québec s’améliore globalement plus vite que l’Ontario depuis trois ans en ce qui a trait aux indicateurs retenus. La performance récente du … Continue reading
Commuting in Canada – The proportion of people working 25 kilometres (km) or more from the city centre is increasing
Using data from the 1996 and 2016 Census of Population, this study examines the geographic location of jobs, people’s commute and how they have changed over time. The commuting patterns for Canada’s eight largest census metropolitan areas (CMAs)—Toronto, Montréal, Vancouver, Calgary, Ottawa–Gatineau, Edmonton, Québec and Winnipeg—are compared. Since 1996, jobs have been moving away from … Continue reading
The Skills Gap in US – A look at the skill gap skeptics arguments
There can be no question that American employers have a record number of unfilled jobs. For the past year, the number has hovered around 7 million. As of early January 2019, the number reported by the U.S. Department of Labor Bureau. Faced with real numbers, skill gap skeptics make several arguments besides denying the validity … Continue reading
Youth Employment Services – Adapting them to young people
Public Employment services (PES) are constantly seeking innovative ways to deliver more effectively to young clients. However, it is often a challenge to find the best means to reach young jobseekers, particularly those most in need of their services. Many young jobseekers might not be aware of the support that is available to them, and … Continue reading
Unemployment in EU (October 2019) – Euro area at 7.5% EU28 at 6.3% with 3.240 million young persons (under 25)
The euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in October 2019, down from 7.6% in September 2019 and from 8.0% in October 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in October 2019, stable compared with September 2019 and down from 6.7% … Continue reading
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