Job Market Monitor
Michel Cournoyer
Lifelong-Learning Mind-Set – 7 essential elements
In a rapidly changing workplace, employees need to keep learning to remain relevant and in demand. Seven practices can help them be mindful in their career path and achieve success. Traditionally, workers developed deep expertise in one discipline early in their career and supplemented this knowledge over the years with on-the-job development of integrative competencies. … Continue reading
Job Report in US revised – Employers added a half-million fewer jobs in 2018 and early 2019 than previously reported
Employers added a half-million fewer jobs in 2018 and early 2019 than previously reported, the Labor Department said Wednesday. The revisions, which are preliminary, are part of an annual process in which survey-based estimates are brought into alignment with more definitive data from state unemployment insurance records. Wednesday’s revision covers the period through March; final … Continue reading
Skills Mismatch Measurement – Egypt, Georgia, Moldova, Montenegro, Morocco, North Macedonia and Serbia
Matching skills supply and demand is a major challenge for many countries around the world. In 2017‒18 the ETF carried out a project on skills mismatch measurement in seven countries – Egypt, Georgia, Moldova, Montenegro, Morocco, North Macedonia and Serbia – to better understand the nature and incidence of this complex phenomenon. Based on the … Continue reading
The Future of Work and Skills – The case of the South Eastern Europe and Turkey (SEET), Eastern Partnership (EaP), Southern and Eastern Mediterranean (SEMED) and Central Asia
The objective of this Issues Paper is to analyse the impact of global developments on skills demand in the ETF’s partner countries and discuss implications for policy reforms to manage the transition of education, training and lifelong learning systems of the future. A team of international and national experts contributed to the paper by (i) … Continue reading
Immigration in US – For a labor-market-driven immigration system
The U.S. labor market will be buffeted by at least three major sets of changes over the next few decades. The country will see major shifts in the following characteristics of the market: 1. Demographics. The native-born population and workforce will age and shrink, and the presence of racial and ethnic minorities in the workforce … Continue reading
Immigration and the Future of Labor Market in US – A plan could be paired with assistance, including the acquisition of new skills
Although the U.S. economy had a banner year in 2018, posting 3 percent gross domestic product (GDP) growth, the long-run projections are not nearly as bright. GDP growth is an- ticipated to average less than 2 percent annually over the next decade, and slow labor force growth is a key underlying reason. U.S. labor force … Continue reading
Area of Study and Earnings – Engineering, construction and business and law have a strong impact but not arts and media
In this paper, we investigate the relationship between labour market outcomes and vocational qualifications disaggregated by subject area of study. Using individuals holding vocational qualifications in any subject at the level below as their highest level of achievement in the Regulated Qualifications Framework (RQF) as the counterfactual group, we find that gaining vocational qualifications in … Continue reading
The Future of Work and Skills Acquisition – A shift in mindset is needed
With rapid changes—both technological and in the organization of work—this new study finds that workers are extremely concerned about the profound impact of technologcal changes in their jobs (and whether they will even have a job in the future), with two-thirds of respondents seeing their job changing significantly at least every five years because of … Continue reading
Higher Education – Estimates of labour market outcomes vary considerably by subject area
In this study, we investigate the value of progression associated with different vocational qualifications disaggregated by subject area of study. Previous analyses of labour market outcomes by subject of study demonstrated that estimates of labour market outcomes vary considerably by subject area, but this is in part as a result of the choice of counterfactual. … Continue reading
Higher Education in US – Only half of American adults think colleges and universities are having a positive effect
Americans see value in higher education – whether they graduated from college or not. Most say a college degree is important, if not essential, in helping a young person succeed in the world, and college graduates themselves say their degree helped them grow and develop the skills they needed for the workplace. While fewer than half … Continue reading
The Social Economy in Europe – Growth of employment has been strong since the 2008 global financial crisis
A cooperative is typically defined as a business organisation that is democratically controlled and owned by its members and which works in the interest of its members. A social enterprise is generally perceived as a business organisation with a social mission, working in the interest of its community or client group. This study investigates the … Continue reading
Training – Workers today spend an average 505 hours a year learning: 484 informally and 21 formally
Research reveals that workers today spend an average 505 hours a year learning: 484 informally and 21 formally. So although a limited training budget might mean scaling back on the hours spent in seminars, classes, and workshops, that doesn’t mean employees can’t learn in other ways. Informal learning empowers employees to go out into the world … Continue reading
US – The noninflationary unemployment rate threshold have declined toward 4% in recent years
Unemployment is running near its 50-year low, but inflation has not picked up as expected. This suggests that the unemployment rate consistent with stable inflation has fallen. Combining a conventional Phillips curve tradeoff between unemployment and inflation with a noninflationary unemployment rate that can change over time shows that estimates of this unemployment threshold have … Continue reading
Recession in US – Most NABE economists expect it by the end of 2021
“Survey respondents indicate that the expansion will be extended by the shift in monetary policy, and most expect the next economic recession will occur later than anticipated when the February policy survey was conducted,” said NABE President Constance Hunter, CBE, chief economist, KPMG. “Of the 98% of respondents who believe a recession will come after … Continue reading
Les compétences clés de l’Union Européenne (UE)
Les compétences sont définies en l’occurrence comme un ensemble de connaissances, d’aptitudes et d’attitudes appropriées au contexte. Les compétences clés sont celles nécessaires à tout individu pour l’épanouissement et le développement personnels, la citoyenneté active, l’inté- gration sociale et l’emploi. Le cadre de référence décrit huit compétences clés: 1. Communication dans la langue maternelle; 2. … Continue reading
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