Job Market Monitor
A Closer Look
Workplace Bullying – About one in three (35 percent) workers survey finds
According to recent research from staffing firm OfficeTeam, about one in three (35 percent) workers surveyed admitted they’ve had an office bully. More than one-quarter (27 percent) of human resources (HR) managers interviewed said they think workplace bullying happens at least somewhat often at their company. When employees were asked how they responded to a … Continue reading
Unemployment – Waiting doesn’t bring better outcomes
In some things, waiting brings better outcomes. We’ve all learned that it’s better to spend more time searching at the buffet line before making a decision. Otherwise, you end up with a plate full of wontons and miss out on the crab legs at the end. Or perhaps it’s better to wait for the next … Continue reading
Communting to Work – The future does not have to be this way
By 2030, 60 percent of the world’s population will live in cities, up from about 50 percent today. Over the same period, more than two billion people are likely to enter the middle class, with the majority of them living in cities in emerging markets, particularly China. The number of megacities with more than ten … Continue reading
US – Graduates’ current work engagement linked to key college experiences
Decades of Gallup research have demonstrated that engaged employees are more productive, are less likely to be absent, have lower turnover, have fewer safety incidents and are more productive and profitable. And findings from the Gallup-Purdue Index — a study of more than 30,000 college graduates — reveal some surprising connections between the experiences students … Continue reading
US – Shrinking cities are gaining brains
If there’s one thing that’s a nearly universal anxiety among cities, it’s brain drain, or the loss of educated residents to other places. I’ve written about this many times over the years, critiquing the way it is normally conceived. Since brain drain seems to be a major concern in shrinking cities, I decided to take … Continue reading
Millennials – Most do not identify with the term
Millennials will soon become the nation’s largest living generation. They already have surpassed Generation X to make up the largest share of the U.S. workforce. Despite the size and influence of the Millennial generation, however, most of those in this age cohort do not identify with the term “Millennial.” Just 40% of adults ages 18 … Continue reading
Welfare Use by Immigrant in US – 51 percent of households study finds
This study is the first in recent years to examine immigrant (legal and illegal) and native welfare use using the Census Bureau’s Survey of Income and Program Participation (SIPP). While its complexity makes it difficult to use, the survey is widely regarded as providing the most accurate picture of welfare participation. The SIPP shows immigrant … Continue reading
Gender Gap – Over time, women’s aspiration levels drop more than 60% while men’s stay the same
For the past five years, Bain & Company has studied how and why women’s career paths differ from men’s. We surveyed more than 1,000 men and women in the US at all career levels, asking specifically about their interest in pursuing a top management position (board, CEO level, and one or two levels below CEO) … Continue reading
Will technology replace the human workforce and destroy the psychological connection between humans and work ?
“Will technology (e.g., artificial intelligence and robots) replace the human workforce and destroy the psychological connection between humans and work in the process?” At present there is a lot of uncertainty surrounding the answers to this question While some feel humans and machines are moving hand in hand towards a future of blissful symbiosis, there … Continue reading
Technology has been a great job-creating machine study finds
The battle between man and machines goes back centuries. Are they taking our jobs? Or are they merely easing our workload? A study by economists at the consultancy Deloitte seeks to shed new light on the relationship between jobs and the rise of technology by trawling through census data for England and Wales going back … Continue reading
US – Higher education didn’t protect hispanic and black wealth study finds
College-educated families usually earn significantly higher incomes and accumulate more wealth than families headed by someone who does not have a four-year college degree. The income- and wealth-boosting effects of education apply within all racial and ethnic groups. Higher education may also help “protect” wealth, buffering families against major economic and financial shocks and mitigating … Continue reading
Addressing Youth Unemployment in Africa
At a flat rate of 11.9 per cent in 2012 and 2013 as reported by the International Labour Organisation, compared to the current global average of 13.1 per cent, Africa does not have high levels of youth unemployment. However due to the size of the continent, and different degrees of urbanisation and shifts in economic … Continue reading
Labor Force Participation in U.S. and Abroad – Charts
Despite the similar trends in youth, prime-age and pre-retirement participation rates, the U.S. is the only country in our sample experiencing a recent decline in the aggregate labor force participation rate. This is explained mostly by a larger-than-average drop in the labor force participation of prime-age males, a decrease in the participation of prime-age women … Continue reading
Downsizing – The folly of the traditional approaches
Traditional downsizing approaches suffer from several common pitfalls: Failing to factor in relative individual contributions: Blanket cuts often seem the fairest and simplest way to manage headcount reductions, but they often cut too deeply in hard-to-fill skillsets and too little in areas where skills are abundant. A better approach takes econometric and external talent pool … Continue reading
Eurozone – Why long-term unemployment is so high
Of the 19m jobless Europeans, more than half have not worked for the last year. And over 15% have not had a job for more than four years. Unsuprisingly, the problem is most severe in southern Europe where a protracted crisis pushed up overall unemployment, and with it long-term joblessness. But in contrast the number … Continue reading
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