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Numeracy and Digital Literacy in China – Children in the AI arms race

Six months after Alpha Go’s stunning victory, I went to Shanghai to see firsthand how China’s schools can give them the edge. In 2013 the city’s teenagers gained global renown when they topped the charts in the PISA tests administered every three years by the OECD to see which country’s kids are the smartest in … Continue reading

The Future of Work – We will need to institute retraining of workers on a scale we have not seen for generations

We find a long historical record of innovation that shows technological change has been overwhelmingly positive for productivity and surprisingly benign when it comes to employment. Job displacement has occurred in waves, first with the structural shift from agriculture to manufacturing, and then with the move from manufacturing to services. Throughout, productivity gains generated by … Continue reading

Job Report in Canada, October 2018 – Little changed with unemployment at 5.8%

Employment was little changed in October. The unemployment rate decreased 0.1 percentage points to 5.8% as fewer people searched for work. Since November 2017, the unemployment rate has ranged from 5.8% to 6.0%. Chosen excerpts by Job Market Monitor. Read the whole story at The Daily — Labour Force Survey, October 2018

Job Report in US, October 2018 – Employment rose by 250,000, hourly earnings by 3.1 percent

Total nonfarm payroll employment rose by 250,000 in October, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, in manufacturing, in construction, and in transportation and warehousing. The unemployment rate remained at 3.7 percent in October, and the number of unemployed … Continue reading

US – How are real incomes rising even as real wages are flat?

Every month for the last year, the Bureau of Labor Statistics’ wage data releases have continued to demonstrate that workers simply aren’t getting ahead. Despite some nominal growth, real wage growth has been consistently hovering around zero (rising at just a 0.2 percent annual rate from 2016-2017). At the same time, this year’s annual data release from the Census Bureau showed us that the median household income has risen to $61,370 in 2017, a 1.8 percent increase even after … Continue reading

Job Report in Europe, September 2018 – Unemployment at 8.1%, with 3.333 million young persons, still the lowest rate recorded in the euro area since November 2008

The euro area (EA19) seasonally-adjusted unemployment rate was 8.1% in September 2018, stable compared with August 2018 and down from 8.9% in September 2017. This remains the lowest rate recorded in the euro area since November 2008. The EU28 unemployment rate was 6.7% in September 2018, stable compared with August 2018 and down from 7.5% … Continue reading

US Labor Market – Looks like the economic heyday of 2000 and 2001, but not for wage growth

Lots of measures are telling us that the United States labor market is doing well. In some cases, very well. Most prominently, the unemployment rate has fallen steadily over the last nine years. It dipped to 3.7 percent in September, and it has averaged 4 percent over the past year, the same as it did … Continue reading

US Trade with China – It costs 3.4 million US jobs between 2001 and 2017

Each $1 billion in exports to another country from the United States supports some American jobs. However, each $1 billion in imports from another country leads to job loss—by eliminating existing jobs and preventing new job creation—as imports displace goods that otherwise would have been made in the United States by domestic workers.3 The net … Continue reading

The Future of Work – Organizations need to develop skills in employees that make them more marketable and employable inside and outside the organization

Structural changes in the labor market, including an aging population and the rise of the gig economy, have created a persistent skills gap for employers. This mismatch in talent has become a top challenge for businesses, educators, and policy makers. Businesses understand that a predictable supply of workers is critical to their growth and viability. … Continue reading

Job Vacancies In Europe, Q2-2018 – At 2.1% in the euro area

The job vacancy rate in the euro area (EA19) was 2.1% in the second quarter of 2018, stable compared with the previous quarter and up from 1.9% in the second quarter of 2017, according to figures published by Eurostat, the statistical office of the European Union. In the EU28, the job vacancy rate was 2.2% … Continue reading

Economy in Europe – Industrial production fell for a second month in a row

In July 2018 compared with June 2018, seasonally adjusted industrial production fell by 0.8% in the euro area (EA19) and by 0.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2018, industrial production fell by 0.8% in the euro area and by 0.5% in the EU28. … Continue reading

Job Openings in US – Exceed the number of job seekers by more than 650,000 in July

The number of available jobs in the U.S. exceed the number of job seekers by more than 650,000 in July—a gap that has been growing—in a sign of an increasingly tight labor market that is altering how employers find workers. Chosen excerpts by Job Market Monitor. Read the whole story at Job Openings Exceed Unemployed Americans Again … Continue reading

The Job Gap to Come – In need to create 734 million decent jobs between 2010 and 2030

Globally, an estimated 734 million jobs will be required between 2010 and 2030 to accommodate recent and ongoing demographic shifts, account for plausible changes in labour force participation rates, and achieve target unemployment rates of at or below 4 percent for adults and at or below 8 percent for youth. Two key features of the … Continue reading

Skills Gap in UK – 9/10 of employers say that they struggle with skills gaps

The UK is in the grip of a skills crisis that is affecting many of our industries and impacting productivity, growth and ultimately the bottom lines of businesses across the country. Our education system is simply not well aligned to the needs of industry and employer investment in skills development has not recovered since the … Continue reading

Job Report in Europe, Q2-2018 – Employment increased by 0.4%

The number of persons employed increased by 0.4% in both the euro area (EA19) and the EU28 in the second quarter of 2018 compared with the previous quarter, according to national accounts estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2018, employment increased by 0.4% in the … Continue reading

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