Job Market Monitor
A Closer Look
State Employment Service and Unemployment Insurance in US – Staffing policy
Experience teaches us that the resolution of contested public policies is often delayed by public officials until events force them to act. The swirl of political winds sometimes challenges long-standing policy no matter how useful or wise. Both of these axioms of public administration are revealed in the federal tug-of-war over merit staffing policy—the requirement … Continue reading
Temporary Resident and the Labour Force Survey in Canada – The growing underrepresentation of NPRs in the LFS highlights a fundamental limitation of the survey
Statistics Canada’s Labour Force Survey (LFS) underestimates the rapidly growing non-permanent resident (NPR) population. This undercount potentially distorts important economic indicators, such as nominal wage growth and unemployment rates, because NPRs disproportionately influence these measures as a growing share of new labour market entrants. To address this data gap, this E-Brief recommends revising the LFS … Continue reading
Labour and Skills Shortage in EU – An index by CEDEFOP
Cedefop’s Labour and Skills Shortage Index (LSSI) aims to provide a standardised measure of occupational shortages that can inform decision-making regarding workforce and learning needs in the European Union. Three pillars are identified and measured as potential drivers of future labour shortages, namely demand, supply and supply–demand imbalances. Demand uses the estimated pressure exerted … Continue reading
AI Experts – Their mobility is about 80% higher than that of other highly skilled workers
BCG’s Top Talent Tracker fills this gap by tracking the movement of close to 200 million highly skilled workers in real time, giving actionable feedback to policymakers and senior executives vying for such talent or eager to locate talent hot spots. Consider this: Of the close to 200 million highly skilled people who we are … Continue reading
AI and Skills – How will it affect the product development life cycle ?
Developing the software talent companies need to grow means thinking in terms of skills rather than roles to navigate this period of uncertainty around talent. Any engineering talent rethink needs to begin with an understanding of how gen AI will affect the product development life cycle (PDLC). The changes are likely to be significant and … Continue reading
What will work be like in the future? BCG engaged with more than 150 futurists
What will work be like in the future? To build an understanding of what the next five decades may hold in store for workers, BCG engaged with more than 150 futurists through panel discussions and opinion surveys. Contrary to popular fears that the future will offer fewer work opportunities for people, most experts anticipate that … Continue reading
Immigration Targets in Canada – Comparing the new targets to the recent exceptional influx presents a distorted picture
“Immigration targets slashed!” “Drastic reduction in temporary residents.” “Canada to reduce new immigration by 21 percent.” These sorts of headlines dominated the news after the federal government’s announcement to reduce Canada’s intake of permanent residents by 21 percent over the next three years, alongside new measures aimed at bringing the temporary immigrant population in line … 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
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
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
Non-Permanent Residents in Canada – The impacts of lowering the number
Federal government efforts to limit non-permanent resident arrivals will likely slow the pace of gross domestic product growth in 2025 and beyond. However, per-capita GDP, the unemployment rate, broader inflation pressures, and interest rate expectations should not be significantly impacted. Slower non-permanent resident arrivals result in an older Canadian population, lower labour force participation, and … Continue reading
South American Immigrants in US – A significant increase
Size of Immigrant Population over Time Since 1980, there has been a significant increase in the size of the U.S. South American immigrant population, although the rate of growth had slowed by nearly half as of 2022. The population grew by 85 percent between 1980 and 1990, and 86 percent between 1990 and 2000, but … Continue reading
Talent Funds – They can operate at the tech hub, city, state, or national level
Public talent investment funds (TFs) come with a clear business case for action: attracting and retaining top talent generates a substantial return on investment. TFs present a novel, actionable, and scalable solution that meets the size of the global talent shortage—the combined cost of which is in the trillions of dollars. Funds can be established … Continue reading
Global Affordable Housing Shortages – Lack of reliable access to adequate housing is disrupting migrants’ integration opportunities
Lack of affordable housing worldwide is becoming a global crisis. An estimated 1.6 billion people—one-fifth of humanity—lack access to adequate housing and basic services, according to the UN special rapporteur on the right to adequate housing, and this number could rise to 3 billion by 2030. Over the last decade, housing prices have grown faster … Continue reading
Real wages in Canada – Multiple different, and sometimes conflicting, estimates of average hourly earnings
Average wages in Canada jumped higher during the pandemic, almost entirely because job losses were heavily concentrated at the low end of the earnings scale. When workers started to emerge from lockdowns, and inflation began to surge higher in 2021, wage growth lagged, cutting into household purchasing power. There are multiple different, and sometimes conflicting, … Continue reading
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