Job Market Monitor
Academic Literature
On the short- and long-run
“… The long run trend is but a slowly changing component of a chain of short run situations; it has no independent entity …” Kalecki Continue reading
US / Ending The Crisis With Guaranteed Employment And Retraining
Guaranteeing employment accompanied by retraining to enable all unemployed workers to become absorbed into the regular work force is a superiority strategy that it would institutionalize a procedure for insuring that workers would possess the necessary skills for available jobs Continue reading
Perceived job insecurity / A risk factor for heart disease
The modest association between perceived job insecurity and incident coronary heart disease is partly attributable to poorer socioeconomic circumstances and less favourable risk factor profiles among people with job insecurity Continue reading
2000, The great reversal in the demand for skill
What explains the current low rate of employment in the US? In about the year 2000, the demand for skill underwent a reversal. Continue reading
Startup Programs / The effectiveness is influenced by prevailing economic conditions finds a research
“Labor demand side restrictions in areas with relatively bad labor market conditions generally increase entries into start-up programs as job offers are limited and starting an own business is an opportunity to leave unemployment. However, the survival of firms in deprived areas is also lower, such that the overall effect remains an empirical question” write Marco … Continue reading
US / Mismatch increased during the Great Recession finds FRBSL
Mismatch increased during the Great Recession. Mismatch can account for at most 2.72 percentage points of the 5.30-percentage-point increase in the unemployment rate from the beginning of the recession to the unemployment rate peak. Continue reading
US / A new labor market indicator: the threshold of initial jobless claims
The paper introduces a new labor market indicator, referred to as the threshold of initial jobless claims, that serves as a benchmark of comparison for the weekly reporting of initial jobless claims. The presented threshold is an improvement over a commonly used rule of thumb in relating initial claims to the upcoming employment report Continue reading
Vocational graduates enjoy a faster transition to work and are more likely to have a permanent first job finds research
Vocational graduates enjoy a faster transition to work, are more likely to have a permanent first job, and are less likely to find a first job with a qualification mismatch Continue reading
US/ Volunteering for young people might not an effective way to get to employment research finds
With inconclusive findings, more analysis is needed to determine whether volunteering is an effective way to increase human capital, build a professional network and signal employability to employers for young people entering the labor market during an economic recession Continue reading
Technology Is Destroying Jobs finds a MIT professor
Given his calm and reasoned academic demeanor, it is easy to miss just how provocative Erik Brynjolfsson’s contention really is. Brynjolfsson, a professor at the MIT Sloan School of Management, and his collaborator and coauthor Andrew McAfee have been arguing for the last year and a half that impressive advances in computer technology—from improved industrial … Continue reading
Apprenticeship / Leads to substantially lower unemployment rates research finds
How to best prepare non-college bound youth for the labor market? asks Matthias Parey in Vocational Schooling versus Apprenticeship Training — Evidence from Vacancy Data on cep.lse.ac.uk (Adapted chosen excerpts by Job Market Monitor to follow). Different approaches compete in this field, including firm-based apprenticeships, full-time vocational schooling, and on-the-job learning. Little is known about how effective these … Continue reading
US / Wage stickiness might be dying out
A new paper by a trio of researchers confirms some old news: Adjusted for inflation, wages began stagnating for both men and women 10 years ago. Men’s wages have actually decreased slightly since 2000, while women’s wages, which had been rising steadily for decades, flattened out nearly to zero. But it could have been worse. … Continue reading
US/ Minimum Wage / Available research finds “no evidence of a meaningful adverse employment effect” – Council of Economic Advisers
A meta-analysis by Doucouliagos and Stanley (2009) of 64 studies on the minimum wage published between 1972 and 2007, encompassing over 1,000 estimates, finds that most estimates are concentrated around zero, indicating no detectable effect (see figure). The authors conclude that the available research finds “no evidence of a meaningful adverse employment effect” of the … Continue reading
Canada / The Youth Unemployment Gap mainly due to higher unemployment inflows
In 2012, the unemployment rate of youths aged 15 to 24 was 14.3%, compared with a rate of 6.0% for core-age adults aged 25 to 54. A significant gap between the unemployment rates of youths and adults have been observed every year since 1977. Most of the gap between the unemployment rates of youths and adults is the result of higher unemployment inflows among youths. In 2012, 2.6% … Continue reading
US / Half of all STEM jobs are available to workers without a four-year college degree finds Brookings Institute
Workers in STEM (science, technology, engineering, and math) fields play a direct role in driving economic growth. Yet, because of how the STEM economy has been defined, policymakers have mainly focused on supporting workers with at least a bachelor’s (BA) degree, overlooking a strong potential workforce of those with less education but substantial STEM skills. … Continue reading
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