Job Market Monitor
A Closer Look
Gender Occupational Segregation in US – Continues to hover near 50 percent
A deeper examination of women and men’s labor market outcomes reveals another important way that gender disparities still manifest: the separation of men and women into different occupations. Women still tend to work in very different jobs than men, and occupational segregation has changed little over the last two decades, as shown in the figure … Continue reading
The Future of Work – We are moving away from traditional manufacturing, even away from traditional services
An interview with economist Christopher Pissarides What we are seeing now are probably some of the biggest changes in labor markets we have seen for a very long time. Of course, if you put it into historical perspective, they are not quite as big as 200 years ago, when the economy was urbanizing. Those were … Continue reading
Disability in US – Nine percent of adults aged 25 to 54, or 11 million, reported at least one of six disabilities in 2016
A smaller share of people in their prime working years (25-54) are employed now than in decades past, and some have wondered whether disabilities and health problems have played a role in that decline. People with disabilities have much lower employment rates than people without disabilities, and disabilities are one of the most commonly cited … Continue reading
The Future of Work, Dystopia or Utopia – Brookings Vice President Darrell West on the issue (video)
Emerging technologies like artificial intelligence and robotics will have a dramatic impact on the future of work. Already, today’s most valuable technology companies employ about one-fifth as many workers as the most valuable companies in the 1960s. Estimates of workforce displacement due to automation range from the OECD’s 14 percent of current jobs to the … Continue reading
Foreign Grads Working in US – Nearly 1.5 million between 2004 and 2016
Between 2004 and 2016, nearly 1.5 million foreign graduates of U.S. colleges and universities obtained authorization to remain and work in the U.S. through the federal government’s Optional Practical Training program (OPT). More than half (53%) of the foreign graduates approved for employment specialized in science, technology, engineering and mathematics (STEM) fields, according to a … Continue reading
Job Report in US – With alternative seasonal and weather-adjustment, employment actually decelerated, very slightly in April
April jobs growth was modestly boosted by the weather effect. This is because the level of employment in the previous month was held down by unusually snowy weather in early March, whereas April was roughly in line with seasonal norms. The official BLS data show that employment growth picked up a little in April, from … Continue reading
Millennials in US – The largest generation in labor force
More than one-in-three American labor force participants (35%) are Millennials, making them the largest generation in the U.S. labor force, according to a Pew Research Center analysis of U.S. Census Bureau data. As of 2017 – the most recent year for which data are available – 56 million Millennials (those ages 21 to 36 in … Continue reading
The Future of Work – Retraining and reskilling to ease the strain of automation
The Industrial Revolution created a lot of middle-class jobs—with a big lag, a lot of pain and suffering, and a lot of urbanization to go along with it. The transition to the service economy left behind many people, who still feel stranded, because they thought of themselves as contributing productively in the manufacturing sector. But … Continue reading
Skills Gap in US – Data from the LinkedIn Economic Graph
Using data from the LinkedIn Economic Graph, our new skills gaps analytics can identify and quantify skills gaps at scale to help professionals and employers plan for the future. So what exactly is the data telling us? This may come as no surprise, but there’s a shortage of professionals with some of the most in-demand … Continue reading
The Gig Labor Market – Nonemployer firms have grown by 2.6 percent a year, while payroll employment has grown by only 0.8 percent annually
For nearly two decades, the growth of nonemployer firms, or firms that have no employees and mostly constitute incorporated self-employed freelancers (workers in the “gig economy”), has consistently outpaced traditional payroll growth, as is visible here: Overall, nonemployer firms have grown by 2.6 percent a year, while payroll employment has grown by only 0.8 percent … Continue reading
Teachers in US – 30 percent more likely to work a second job
You might not think of teachers as players in our growing “gig economy.” After all, a teaching job seems like the ultimate form of guaranteed employment. Turns out, a significant number of teachers do work second jobs. In fact, teachers are more likely than others to work a second job. It’s a summer thing, right? … Continue reading
Future of Work – Between 75 million and 375 million people around the world may need to change occupation and acquire new skills by 2030
Our starting point is the new MGI report on the future of work, which is called Jobs lost, jobs gained: Workforce transitions in a time of automation. One of the major findings of the report is that between 75 million and 375 million people around the world may need to change occupational categories and acquire … Continue reading
Gender Discrimination in US – More common in mostly male workplaces Pew Research Center finds
The gains women have made over the past several decades in labor force participation, wages and access to more lucrative positions have strengthened their position in the American workforce. Even so, there is gender imbalance in the workplace, and women who report that their workplace has more men than women have a very different set … Continue reading
Gender Gap in Europe – Women in the EU earned on average 16% less than men in 2016
In 2016, the unadjusted gender pay gap stood at just over 16% in the European Union (EU). In other words, women earned on average 84 cents for every euro a man makes per hour. Across Member States, the gender pay gap in 2016 ranged from just over 5% in Romania and Italy, to more than … Continue reading
Career Counseling in Japan – People in a better situation in terms of satisfaction, regular employment ratios, annual income and promotion
In FY2016, the Japan Institute for Labour Policy and Training (JILPT) conducted a large-scale questionnaire survey to search for evidence on the effects of career counseling. In the survey, subjects were divided into those with past experience of receiving career counseling or similar types of counseling support, and those without such experience. Both groups were … Continue reading
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