Job Market Monitor
In the News
Cashiers, The Future of Work and Amazon Amazon’s purchase of Whole Foods
Amazon’s $13.4 billion purchase of Whole Foods, announced Friday, could speed that vision along. Amazon has already made shopping for almost everything involve spending less time waiting, doing work or interacting with people, and now it could do the same for groceries. It’s already trying with a store in Seattle, Amazon Go, that has no … Continue reading
Job Vacancy in EU, QI 2017 – 1.9%, up from 1.7%
The job vacancy rate in the euro area (EA19) was 1.9% in the first quarter of 2017, up from 1.7% recorded in both the previous quarter and the first quarter of 2016, according to figures published by Eurostat, the statistical office of the European Union. In the EU28, the job vacancy rate was also 1.9% … Continue reading
Skills Gap – Competency is more than the mastery of a discrete academic standard
Competency is more than the mastery of a discrete academic standard. True competence is deeper and broader. It includes academics as well as a wide range of other cognitive, intrapersonal, and interpersonal skills not typically included in academic subjects or college and career readiness learning standards. Competency also requires the combination of knowledge and skills across multiple domains and implies … Continue reading
PhDs’ Early Career in France – Eight career trajectories
For those who obtained their PhDs in 2010, research remains the main opening. If they embark on careers in public-sector research, their trajectories during the first five years of their working lives are synonymous with periods of temporary employment of varying lengths. These trajectories contrast sharply with those of PhDs who seek employment in the … Continue reading
Canada – The 10 occupations with the highest average full-time hourly wage in Canada
The average hourly wage paid to full-time payroll employees in 2016 was $27.70, excluding overtime pay, tips, and incentive and performance pay. Wages varied notably across occupations and geographic regions. The data are drawn from the new wage component of the Job Vacancy and Wage Survey (JVWS), which provides wage information by both detailed occupation and economic … Continue reading
Employment in EU, 2017-Q1 : Up by 0.4%
Employment up by 0.4% in both the euro area and in the EU28, +1.5% and +1.4% respectively compared with the first quarter of 2016. The number of persons employed increased by 0.4% in both the euro area (EA19) and in the EU28 in the first quarter of 2017 compared with the previous quarter, according to … Continue reading
Job report in Canada, May 2017 – Employment rose by 55,000, unemployment rate at 6.6%
Employment rose by 55,000 in May, spurred by an increase in full-time work (+77,000). At the same time, the unemployment rate rose by 0.1 percentage points to 6.6%, the result of more people participating in the labour market. The employment increase in May builds on gains since July 2016, when the current upward trend began. Compared with 12 months earlier, there were 317,000 (+1.8%) more … Continue reading
Higher Education – Making college is hardly the only way to increase quantity, quality, and equity i
Earlier this month, New York became the first US state to offer all but its wealthiest residents free tuition not only at its public community colleges, but also at public four-year institutions within the state. The new program, called the Excelsior Scholarship, doesn’t make college completely free, nor is it without significant restrictions. Still, the … Continue reading
Information on Postsecondary Labor Market Outcomes in US – Match student records with employment data and regularly publicize aggregate employment and earnings outcomes by program of study, ideally through legislation
Information on postsecondary labor market outcomes is becoming increasingly important for students, educators, institution leaders, and policymakers in today’s rapidly changing economy. This paper assesses the current landscape of employment data, proposing technical enhancements to help agencies and institutions more effectively collect and share information. Recommendations on federal and state policies to better inform students … Continue reading
Middle Class – Smaller in US than in Europe, but richer
The American middle class is smaller than middle classes across Western Europe, but its income is higher, according to a recent Pew Research Center analysis of the U.S. and 11 European nations. The median disposable (after-tax) income of middle-class households in the U.S. was $60,884 in 2010. With the exception of Luxembourg – a virtual … Continue reading
Labor Market in US – It is doing quite well but earnings inequality continues to rise
In the aggregate the US labor market is doing quite well. Unemployment is currently below 5%, and real weekly earnings of full-time workers increased from the 2000 cyclical peak to the current period of near full employment. The difficulties lie behind the aggregates. Earnings inequality continues to rise, with the growth in earnings most prevalent … Continue reading
Minimum Wages in US – No effect on prices of changes similar to those observed historically research finds
Minimum wage policy attracts an enormous amount of attention in the United States. Between January 2014 and July 2015, the effective minimum wage in- creased in 26 states, and as of January 2015, 75% of Americans supported an increase in the federal minimum wage to over twelve dollars per hour. Researchers have responded to this … Continue reading
Traits in Order of Importance when Hiring a Candidate – “Work ethic/integrity” topped the list
Express Employment Professionals [has] released new survey results … revealing traits that are most important to businesses when hiring job candidates. In a survey of 1,030 businesses, respondents were asked to “rate the following traits in order of importance when hiring a candidate with 1 being least important and 5 being most important.” “Work ethic/integrity” … Continue reading
Household Finances in US – 44 Percent could not cover an unexpected $400 emergency expense Fed finds
The report, based on the Board’s fourth annual Survey of Household Economics and Decisionmaking conducted in October 2016, presents a picture of improving financial well-being among Americans. Overall, 70 percent of respondents said they were either “living comfortably” or “doing okay,” up 1 percentage point from 2015 and up 8 percentage points from the first … Continue reading
Participation in US – 11 percentage point gap in participation rates between men with a college degree and those with a high school degree or less
For decades, the portion of prime-age men (ages 25 to 54) in the labor force has been in decline. More recently, the labor force participation rate of prime-age women has stagnated and also declined. This paper addresses the consequences of, and reasons for, these declines, especially among men. A subsequent effort will address appropriate policy … Continue reading
