Job Market Monitor
A Closer Look
US Jobs Gap in March 2014 – 7.4 million jobs says the Hamilton Project
As of the end of March 2014, our nation faces a jobs gap of 7.4 million jobs. This chart shows how the jobs gap has evolved since the start of the Great Recession in December 2007, and how long it will take to close under different assumptions for job growth. If the economy adds about … Continue reading
UK – A closer look at the rise in self-employment
Government ministers like to talk about the jobs created on their watch, but over the last few years lots of people have been creating their own jobs. Three quarters of the increase in employment since 2008 has come from self-employment. Source: ONS employment statistics Some have hailed this as the sign of a new entrepreneurial … Continue reading
Temp Jobs in US – Expect surge to continue
The surge in contract and “temp” jobs since the recession ended is likely to continue, a range of experts have said, in part because of slack in the labor market and decisions by many corporations to maximize flexibility in their work force. CareerBuilder and Economic Modeling Specialists Intl. said in a new forecast on Thursday … Continue reading
US – Occupational concentration by industry
Several different measures are available for examining the industry and occupation relationship. Traditional tools include measuring the share of total occupational employment found in a given industry, as well as the share of total industry employment made up of a specific occupation. For instance, 62 percent of registered nurses were employed in hospitals in May … Continue reading
Millennials in US – Detached from institutions, networked with friends Pew finds
The Millennial generation is forging a distinctive path into adulthood. Now ranging in age from 18 to 331, they are relatively unattached to organized politics and religion, linked by social media, burdened by debt, distrustful of people, in no rush to marry— and optimistic about the future. They are also America’s most racially diverse generation. In … Continue reading
The Missing Workers in US – 5.8 Million with vast majority under 55
Since the start of the Great Recession over six years ago, labor force participation has dropped significantly. Most of the drop—roughly three-quarters—was due to the lack of job opportunities in the Great Recession and its aftermath. There are now 5.8 million workers who are not in the labor force but who would be if job opportunities were … Continue reading
The Skills Gap – North America is the only place in the world that thinks of companies as consumers of skills
There’s a very slim volume out from Wharton Press called, Why Good People Can’t Get Jobs. It’s by Peter Cappelli, a management professor from the University of Pennsylvania, who adapted the book from a series of articles he wrote for the Wall Street Journal in 2010 and 2011. The book takes a simple “myth-busting” approach to … Continue reading
Workforce Training Investments in US / A comparaison
We spend $3. billion in federal funds to prepare people for million jobs (4%) that require middle- skill training. That’s enough to train 451,000 people, a small fraction of the 16 million who could benefit from investments in access to training. We spend $ billion in federal funds to prepare people for 5million jobs (3%) … Continue reading
Europe / The most effective way of boosting jobs is to get growth going again says IMF
A new book called “Jobs and Growth: Supporting the European Recovery,” authored by IMF staff, analyzes today’s challenges head-on and proposes a roadmap for the continent’s recovery.The book and its roadmap should contribute to the ongoing debate around these pressing issues. The book’s analysis is informed by the relationship between jobs and growth, which is … Continue reading
The Fastest-Growing Jobs in the US / A Closer Look
Hospital rooms, shopping floors, and fast-food counters: This is where the future of U.S. employment lives. But there are two catches Continue reading
It’s great to be the boss pool finds
It pays to be the boss, in more ways than one Continue reading
UK / More than three quarters of a million young people believe they have nothing to live for
The Prince’s Trust Macquarie Youth Index has found that more than three quarters of a million young people believe they have nothing to live for, with jobless youngsters facing “devastating” symptoms of mental illness Continue reading
A worldwide retirement crisis is coming
A global retirement crisis is bearing down on workers of all ages Continue reading
Knowledge, Skills and Abilities
Knowledge, skills, and abilities (aka KSAs) are three different things. And it’s important to know the difference – even though the difference can be subtle. Knowledge is the theoretical or practical understanding of a subject. For example, an employee might have knowledge of the ADDIE model used in instructional design. This doesn’t mean the employee … Continue reading
Paternity Leave / What happens when men cut back on work to fulfill family obligations?
Research shows that working men and women tend to make different adjustments when they become parents. Women typically resolve work-family conflicts by reducing their work hours, whereas men typically increase their work hours. And when women take maternity leave or temporarily cut back to part-time, many employers, rightly or wrongly, perceive them to be less … Continue reading
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