Job Market Monitor
A Closer Look
ILO – The challenges world economies will face by 2017 (video)
The weak growth of 2015, coupled with slowdowns in major economies, spells trouble for the world of work in over the next few years. ILO researchers Veronica Escudero and Sameer Khatiwada lay out the challenges world economies will face by 2017. Source: World Employment and Social Outlook – Trends 2016: WESO 2016: Our World Today
ILO – The future trends of 2016 and beyond (video)
The world of work faces significant challenges in the coming decade, with technological shifts, population aging and struggling economies changing the way we work. ILO researchers Sameer Khatiwada and Veronica Escudero lay out the future trends of 2016 and beyond. (Closed Captions available) Source: World Employment and Social Outlook – Trends 2016: WESO 2016: Our … Continue reading
Inequalities in Us – It increases with age and it matters
The new study is by Alan J. Auerbach (Berkeley), Laurence J. Kotlikoff (Boston University) and Darryl Koehler (Fiscal analysis Center). It departs from previous studies in three important ways: (1) it recognizes that the only meaningful way to compare income and wealth is to do it for people of approximately the same age, (2) it … Continue reading
Youth Unemployment and the Skills Gap – Certainly it is a failure
Simon London: The sort of layperson’s view would be that this sounds like a sort of massive case of market failure. On the one hand, you’ve got a lot of idle resources—young people who want to work. And on the other hand, … you’ve got employers who are really struggling to attract and retain entry-level … Continue reading
NEETs – 10.2 million aged 16 to 29 in US, 13.4 million of the 15 to 29 in EU are neither working nor learning
In 2015, there were nearly 10.2 million NEETS ages 16 to 29 in the U.S., or 16.9% of that age bracket’s total population, according to a new Pew Research Center analysis of data from the Bureau of Labor Statistics. That represents a modest decline over recent years: In 2013, there were just over 11 million NEETs in the … Continue reading
UK – The graduate job market in 2016
The graduate economy recovered quickly in 2014–15, so the graduate jobs market is now seeing significant shortages in some areas. If anything, they will be even more central to the UK graduate labour market in 2016. We now have widespread graduate shortages across a range of key sectors, such as engineering, building and construction, teaching, … Continue reading
Freelance economy and the future of work
Are these types of platforms an economic boon to workers who want a flexible way togenerate income? Or are they the latest sign of worsening income inequality and a fraying safety net for workers? The answer is a little bit of both. Recent research from the McKinsey Global Institute examined the economic potential associated with … Continue reading
Millennials in US in 2015 – The largest generation
Millennials continue to make headlines, including on our Fact Tank posts. Our research showed that this confident, politically independent generation not only overtook Generation X as the largest generation in the U.S. workforce, but also overtook Baby Boomers in population size – two big milestones that resonated with our audience. Source: Top Fact Tank data of 2015 | Pew Research Center
The changing in the nature of employment – Corporations with tiny employment rolls and assets now achieve vast market capitalizations
The early 21st century has witnessed a sea change in the nature of employment and in the shape of the corporation in the United States. Employment has shifted from the career, to the job, to the task. In this paper, Jerry Davis argues that the death of the career and the rise of the gig … Continue reading
US – Low participation is the main explanation for depressed employment rates among prime-age Americans
Low participation is the main explanation for depressed employment rates among prime-age Americans. Participation rates are not only low in comparison to levels seen before the Great Recession, they are also now below those in other rich countries. Charts 2 and 3 compare employment-to-population rates among 25-54 year-olds in seven OECD member countries (Canada, France, … Continue reading
US in 2015 – Millennials surpassed Baby Boomers in sheer numbers to become the largest generation
There are an estimated 75.3 Millennials (ages 18 to 34) compared with 74.9 million Baby Boomers. This racially diverse, economically stressed and politically liberal group is also taking over American jobs: Millennial workers this year grew to outnumber Gen X workers, making them the largest share of the U.S. labor force. Chosen excerpts by Job … Continue reading
The Middle Class in US – Shrinking
The middle class shrinks The hollowing of the American middle class has proceeded steadily for more than four decades. Since 1971, each decade has ended with a smaller share of adults living in middle-income households than at the beginning of the decade, and no single decade stands out as having triggered or hastened the decline … Continue reading
Flexible Work – Five important statistics from 2015
It’s been a big year for flexible work. We’ve seen an increase in telecommuters and a shift in working generations. Take note of these flexible work stats! 1. Occasional telecommuting is on the rise. With major advances in technology over the past decade, the increase of people telecommuting, at least on an occasional basis, has … Continue reading
US – Universal Basic Income for everyone would add roughly $2.2 trillion to government spending
So let’s run some numbers. Paying all 322 million Americans $10,000 a year would cost $3.22 trillion. Proponents claim this can be paid by redirecting existing welfare programs, but a quick review reveals this as nonsense. All state and local government social welfare programs are around $500 billion, and programs such as food stamps (SNAP) … Continue reading
Tattoos In The Workplace – The tech sector has far fewer people tattooed than tourism
In a survey by Salary.com, they found that the older you are the less tolerant you become regarding tattoos. “Not surprisingly, people 18-25 were the most accepting of tattoos in the office with only 22% claiming they are inappropriate. That percentage jumps in each age group, maxing out at 63% of people age 60 and … Continue reading
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