Job Market Monitor
A Closer Look
Skills Shortages in UK – The talent already in short supply will be in even greater demand by 2030
Profound structural shifts are under way in the UK workforce. Here’s how companies can prepare to meet the challenge and nurture the skills and talent that will help them stay competitive. The adoption of automation, along with technologies such as artificial intelligence (AI) and the Internet of Things, is likely to unleash profound structural shifts in … Continue reading
Unemployment in US – Let’s talk stats, facts, causes and more
Guess post by Max Chekalov, whattobecome.com – The unemployment rates of the world population are fairly low, especially if we consider the leading countries. However, even these economies constantly take vast measures in terms of preventing this uncalled-for phenomenon that troubles millions of people worldwide. The number of people on our planet is changing by billions at … Continue reading
Automation in US – The differing impact on men and women’s work
Advances in automation and digital technologies are undoubtedly changing the nature of work. Technology creates jobs, often in unpredictable ways, but it also displaces jobs. Some of the routine tasks that make up jobs can now be automated, making some occupations obsolete and displacing workers. Workers affected by technological change can find work in alternative … Continue reading
ICT Technicians in EU – 1.9 million employees (2017), 46% in ICT services and 54% in rest of economy
ICT technicians support the design, development, installation, operation, testing, and problem-solving of hardware and software. This mid-level occupation is predominantly male; women represent only 17% of its employment. Some 1.9 million people were working as ICT technicians in the EU in 2017, 200 000 more than in 2006. Demand growth has slowed, though. Advancements in … Continue reading
Wages in US – What is really happening ?
Over the past 12 months, average hourly wages rose 3.2 percent, according to the latest jobs report from the Bureau of Labor Statistics. But the longer-term story is contested. Many analysts and commentators lament the situation of stagnating wages, while others celebrate wage growth. To take just two of hundreds of examples, our colleagues in … Continue reading
The Transition to Post-Military Employment in US – A majority of veterans say their military service was useful in giving them the skills and training
For many veterans, finding a job after leaving the military is an important part of the transition to civilian life. A majority of veterans say their military service was useful in giving them the skills and training they needed for a job outside the military – 29% say it was very useful and another 29% … Continue reading
Work Futures – Disruptive automation is the number one cause
Economics is driving changes in work practices and productivity pushed forward by growing use of artificial intelligence, demographic changes and business model changes. Disruptive automation is the number one cause of this dramatic shift especially since technology engaged and enabled Millennials, will be the majority in the global workforce very soon. Chosen excerpts by Job … Continue reading
Job Creation – A dearth of good jobs does not mean that the labor market is the problem
Governments are right to focus on creating more good jobs, because work is the source of most people’s livelihood in every society. But in the majority of cases, the solution lies in policy areas that are not amenable to tools wielded by ministers of labor or education. Just because a tire is flat at the … Continue reading
The Future of Work – This time is different
There are several reasons why current technological progress differs from the past. Innovation cycles are faster. Firms can engage in rapid product prototyping and marketing. Many organisations are less dependent on a core workforce, as they can draw on the power of the crowd and online (platform) labour. The digital world also allows for fast … Continue reading
Reskilling – Who is responsible?
From switchboard operator to film projectionist, three industrial revolutions down and we’ve already seen many jobs wiped from the face of the Earth. Emerging technology is rapidly dispensing P45s, pink slips or termination letters to the next round of workers. More than half the global labour force will need to start reskilling and reinventing how … Continue reading
Vocational Education Matters – Strong systems are based on strong career guidance, links with the labour market and flexible curricula
Vocational education has not always had the best reputation. Vocational programmes are often technical in nature, and their graduates typically expect lower incomes relative to those who complete general or academic tracks. As a result, vocational education is generally perceived as a track for low-achieving students, or an alternative for those who drop out. But … Continue reading
Mismatches in UK – As many as half (49%) of UK workers could be in the wrong job
The CIPD’s report Over-skilled and underused: Investigating the untapped potential of UK skills, based on a representative survey of over 3,700 UK employees and online focus groups, explores how well people’s skills are used and developed in the workplace. The survey found that more than a third (37%) of workers have the skills to cope … Continue reading
Business Cycles in US – NBER’s reference dates and duration
Chosen excerpts by Job Market Monitor. Read the whole story at US Business Cycle Expansions and Contractions
The Future of Work – How automation could affect employment for women and minorities
Much has already been said about how automation and artificial intelligence will affect employment and wages. But what about the impact of these trends on women in the workplace? While many obstacles still stand in the way of gender parity, with the right policy actions by governments and businesses, women appear well placed to benefit … Continue reading
Skills in Postings in Europe – Cedefop’s findings
Since mid-2018, Cedefop’s online job vacancies data retrieval system has collected around 32 million unique vacancy postings in Czechia, Germany, Spain, France, Ireland, Italy and UK. Their labour markets equal around two-thirds of employment in the EU. 79% of the online job vacancies has been collected from private online job portals, 15% from public portals … Continue reading
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