Job Market Monitor
A Closer Look
The future of work – The major trends
Gender gap in participation rates is not expected to improve over the coming 15 years Few countries combine an environmentally sustainable footprint with decent work Declining labour force participations rates will exacerbate demographic changes Migration is likely to intensify in the future as decent work deficits remain widespread Global supply chain related jobs go well … Continue reading
Talents – The force changing demand and supply
CHANGES IN THE DEMAND FOR TALENT Six of the forces we identified are having a profound effect on the demand for talent. (See Exhibit 2.) We categorize them into two groups: Technological and digital productivity: automation, big data and advanced analytics, and access to information and ideas Shifts in ways of generating business value: simplicity in … Continue reading
Immigration – 3.4% of the world’s population, but contribute nearly 10% of global GDP
Cross-border migrants – more than 90% of whom have moved for economic reasons – comprise just 3.4% of the world’s population, but contribute nearly 10% of global GDP. Because roughly two-thirds of these migrants reside in developed countries, where productivity tends to be highest, they are maximizing the impact of their work, with far-reaching economic … Continue reading
US – How Do People Look for Jobs?
We have found that “on‑the‑job” search is common among employed workers, and that the job search process is more effective for currently employed workers than for the unemployed. In the paper cited as the source of our table estimates, we also show that offers received by employed workers are better than those received by the … Continue reading
PISA and TIMSS – How did the u.s. perform ?
Has U.S. school performance been improving over the past two decades? The results of two international tests—the Program for International Student Assessment (PISA) and the Trends in International Mathematics and Science Assessment (TIMSS)—shed some light on this question. Both were administered in 2015, an event that only occurs every 12 years. Inside the 2017 Brown … Continue reading
Workforce Development – Five principles
Almost 40 percent of American employers say they cannot find people with the skills they need, even for entry-level jobs. Almost 60 percent complain of lack of preparation, even for entry-level jobs. On the other hand, this “skills gap” represents a massive pool of untapped talent, and it has dire consequences, including economic underperformance, social … Continue reading
VET in Norway – Half choose between eight VET programmes
In Norway, all young people completing compulsory school have a statutory right to three years of upper secondary education. Half of them choose between eight VET programmes. At upper secondary level, Norway has a long-standing tradition of national and regional cooperation between educational authorities and the social partners. At national level, cooperation is organised in … Continue reading
Talent Acquisition – Should become more intertwined with all the functions of the business
Talent acquisition executives predict “workplace flexibility” will be the top reason why candidates choose an employer five years from now. This flexibility goes well beyond workers’ hours and location, to the very nature of the employee-employer relationship. That is part of another shift in the talent landscape: the move from a full-time employee base to … Continue reading
US – Who is winning the race for jobs between robots and humans?
Last year, two leading economists described a future in which humans come out ahead. But now they’ve declared a different winner: the robots. The industry most affected by automation is manufacturing. For every robot per thousand workers, up to six workers lost their jobs and wages fell by as much as three-fourths of a percent, … Continue reading
Automation in Trucking – Many jobs are not likely to disappear anytime soon
Automation has become one of the major ongoing stories regarding the future of the American economy. What began with the rise of robots—and loss of jobs—across manufacturing industries is now a full blown threat to traditional jobs across all industries, salary bands, and education requirements. The effects are wide-reaching, no job may be safe. On … Continue reading
US – The unemployment rate is just one indicator
The unemployment rate is just one indicator of how the U.S. economy is doing, and it’s not always the best one. Simply being out of work isn’t enough for a person to be counted as unemployed; he or she also has to be available to work and actively looking for work (or on temporary layoff). In any … Continue reading
Teen Labor Force Participation in US – Their low rates of participation is continuing
Teen labor force participation has been on a long-term downward trend, and the decline is expected to continue to 2024, the latest year for which projections are available. A number of factors are contributing to this trend: an increased emphasis toward school and attending college among teens, reflected in higher enrollment; more summer school attendance; … Continue reading
Baby Boomer Women in US – Too Much Fun to Retire
Kay Abramowitz has been working, with a few breaks, since she was 14. Now 76, she is a partner in a law firm in Portland, Ore. — with no intention of stopping anytime soon. “Retirement or death is always on the horizon, but I have no plans,” she said. “I’m actually having way too much … Continue reading
US – SAT test and racial inequalities
The SAT provides a measure of academic inequality at the end of secondary schooling. Moreover, insofar as SAT scores predict student success in college, inequalities in the SAT score distribution reflect and reinforce racial inequalities across generations. In this paper, we analyze racial differences in the math section of the general SAT test, using publicly available … Continue reading
The three-fold effects of technology and globalization on labor markets
The effects of technology—especially digital innovation—and globalization on labor markets are three-fold. The first effect is disruption as jobs relocate to take advantage of lower costs, evolve to entail different tasks, or undergo wholesale change with the elimination of old jobs and the emergence of new ones. Disruption is a permanent feature of any dynamic … Continue reading
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