Job Market Monitor
A Closer Look
Gender Gap – The “unexplained” element had shrunk
Why do women make less than men? You probably know that women earn about 80 cents on the dollar compared to men (specifically, this refers to median full-time wages). You may also know that after narrowing for decades, the gender pay gap has remained essentially stuck since the 1990s. Occupation and industry now explain gender … Continue reading
A Fourth of Humanity Is Now Young – The vast majority live in the developing world
Much has been made of the challenges of aging societies. But it’s the youth bulge that stands to put greater pressure on the global economy, sow political unrest, spur mass migration and have profound consequences for everything from marriage to Internet access to the growth of cities. The parable of our time might well be: … Continue reading
Skills Gap in US – The next generation of workers won’t be able to fill the void
Nearly two-thirds (63 percent) of employers reported that they are concerned about the growing skills gap in the U.S.. A new analysis of college degree completions vs. job demand from CareerBuilder and Emsi shows that the next generation of workers won’t be able to fill the void. According to a national Harris Poll survey of … Continue reading
Only the U.S. and Japan are growing at similar rates compared with their precrisis growth
Among industrialized economies, only the U.S. and Japan are growing at similar rates compared with their precrisis growth rate after adjusting for changes in the working-age population, but their economies have still grown more slowly than expected. Chosen excerpts by Job Market Monitor. Read the whole story at Five Trends That Will Shape the Future of … Continue reading
Labor Force Participation in US – About half of the decline is attributable to the weakness of the economy rather than changes in demographics
Between 2007 and 2015, the LFPR dropped 3.4 percentage points, equivalent to over 8 million people leaving the labor force. About half of this decline is attributable to the weakness of the economy rather than changes in demographics. Factoring in the rise in unemployment over this period, this translates into over 5 million fewer people … Continue reading
US – Wages are lower for BA holders raised on low incomes
The proportional increase for those who grew up poor is much less than for those who did not. College graduates from families with an income below 185 percent of the federal poverty level (the eligibility threshold for the federal assisted lunch program) earn 91 percent more over their careers than high school graduates from the … Continue reading
Sleep – Almost half of business leaders believe that lack has little impact on leadership performance, but 43 percent say they do not get enough
Sleep (mis)management, at one level, is obviously an individual issue, part of a larger energy-management challenge that also includes other forms of mental relaxation, such as mindfulness and meditation, as well as nutrition and physical activity. But in an increasingly hyperconnected world, in which many companies now expect their employees to be on call and … Continue reading
The IT workforce in US – 5.04 million workers with job growth of 3.1%, or nearly 152,000 additional IT jobs
According to the research consultancy IDC, the global information technology (IT) market, encompassing hardware, software, services, and telecommunications, is expected to reach $3.8 trillion in 2016, up from $3.7 trillion the previous year. The U.S. market accounts for approximately 28% of the total, or slightly more than $1 trillion. Over the past decade, the biggest … Continue reading
The global employment challenge and the productivity solution
Global employment growth has been slowing for more than two decades. By around 2050, our research finds, the global number of employees is likely to peak. In fact, employee headcounts are already declining in Germany, Italy, Japan, and Russia; in China and South Korea, they are likely to begin falling as early as 2024. While … Continue reading
Inequality in Canada – May be larger than previously thought OECD Says
The gap between rich and poor in Canada, and in many developed countries, is wider than previously thought, says a new study from the OECD. Economists Nicolas Ruiz and Nicolas Woloszko argue in a new working paper that the existing data on income inequality is incomplete because it’s based on household surveys. High-end earners tend … Continue reading
US – The productivity imperative and the labor markets
The productivity imperative The past 50 years have been a remarkable period for global GDP growth, which was driven in equal measures by expanding the labor pool and increasing the productivity of those worker. But one of those drivers is running out of steam. As the workforce ages in many of the world’s largest economies, … Continue reading
The January 2016 Job Report in US – Charts
Chosen excerpts by Job Market Monitor. Read the whole story at The January Jobs Report in 12 Charts – Real Time Economics – WSJ Related Posts Job Report in US – What the White House says POSTED BY MICHEL COURNOYER ⋅ FEBRUARY 6, 2016 ⋅ LEAVE A COMMENT With the unemployment rate below 5 percent for the first time in almost … Continue reading
The January 2016 Job Report in US – Manufacturing jobs hit 7-year high
Apparently, no one told American manufacturers that their business is collapsing, because they kept on hiring more workers in January.The Bureau of Labor Statistics reported Friday that manufacturing companies added 29,000 workers in January to reach a seven-year high of 12.4 million. After a soft patch in the middle of last year, it was the … Continue reading
College-Educated Immigrants in US – Has grown at more than twice the rate of U.S. born
The number of immigrants with higher education has grown at more than twice the rate of the same population among the U.S. born. Between 1990 and 2000, the college-educated immigrant population increased 89 percent from 3.1 million to 5.9 million, and a further 78 percent between 2000 and 2014 (from 5.9 million to 10.5 million, … Continue reading
Unemployement in Europe – The great divide
Europe is stuck in a jobs crisis. Eight years on from the financial crash, unemployment remains the biggest threat to the social fabric of the single currency’s weakest economies. The latest round of labour market data show the average unemployment rate in the 19-country bloc fell to 10.4pc, its lowest level since September 2011.But the … Continue reading
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