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Covid and Business Cycle Dating in US – A trough in monthly economic activity occurred in the US economy in April 2020 says NBER’s Committee
The Business Cycle Dating Committee of the National Bureau of Economic Research maintains a chronology of the peaks and troughs of US business cycles. The committee has determined that a trough in monthly economic activity occurred in the US economy in April 2020. The previous peak in economic activity occurred in February 2020. The recession … Continue reading
Skills and Occupation Mapping in Canada – The Occupational Skills and Information System (OaSIS)
The Labour Market Information Council (LMIC) has been working jointly with Employment and Social Development Canada (ESDC) and Statistics Canada (STC) to describe jobs in terms of their skills requirements and other characteristics. First, a concept note was presented, outlining the anticipated approach towards mapping ESDC’s new Skills and Competencies Taxonomy to the National Occupational … Continue reading
Upskilling Pathways in France and Italy – A review
Cedefop has started a close cooperation with France and Italy to support the development and implementation of systematic, coordinated and coherent approaches to upskilling pathways for low-skilled adults in the two countries. This first cycle of Cedefop’s thematic country reviews (TCRs) on upskilling pathways will take place between 2021 and 23. The reviews are country-owned … Continue reading
Job Transitions in Tourism and Hospitality Industry in Ontario – The single biggest obstacle is “characteristic similarity”
The COVID-19 pandemic has hit Ontario’s tourism and hospitality sector hard, with significant job losses and reduced prospects for near-term recovery. As part of the Tourism and Hospitality Emergency Response project initiated by the Ontario Tourism Education Corporation, Conference Board researchers examined 48 tourism-sector occupations and found that they have an average of nine potential … Continue reading
Future of Work – The roles of higher education, further education and lifelong learning
There are five major issues that confront the development of economies, in particular, labour markets. These are the climate crisis, economic globalisation, the advent of new technologies, low wage work and underlying these issues, inequality. How we view them will determine the kinds of knowledge and skills needed to provide paid workers with good jobs. … Continue reading
UI Weekly Claims in US (week ending April 17) – 547,000, The lowest level for initial claims since March 14, 2020
In the week ending April 17, the advance figure for seasonally adjusted initial claims was 547,000, a decrease of 39,000 from the previous week’s revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week’s level was revised up by 10,000 from 576,000 to 586,000. … Continue reading
Covid and Unemployment in US – Education still matters
The first graph shows the unemployment rate by four levels of education (all groups are 25 years and older) through March 2021. Note: This is an update to a post from a few years ago. Unfortunately this data only goes back to 1992 and includes only three recessions (the stock / tech bust in 2001, … Continue reading
UK Government’s landmark programme : Lifetime Skills Guarantee – What is it ?
An estimated 11 million adults now have the opportunity to gain a new qualification for free, designed to help them to gain in-demand skills and secure great jobs. Almost 400 qualifications are available to take from today (1 April) – backed by £95 million in government funding in 2021/22 – as part of the government’s … Continue reading
Travailleurs Étrangers Temporaires au Canada – Les approches réglementaires
« Au cours des dix dernières années, les gouvernements des provinces canadiennes ont considérablement modifié le cadre législatif dans lequel les recruteurs de main d’œuvre et les employeurs de travailleurs migrants exercent leurs activités. Des approches réglementaires ont été établies essentiellement en réponse aux volumes accrus de travailleurs migrants et aux situations de maltraitance et d’exploitation … Continue reading
COVID in US – Six facts about how the COVID-19 recession is affecting labor force participation and unemployment
Here are six facts about how the COVID-19 recession is affecting labor force participation and unemployment among American workers a year after its onset. Chosen excerpts by Job Market Monitor. Read the whole story @ A year into COVID-19, U.S. labor market recovery is far from complete | Pew Research Center
Future of Work and AI – Technology will disrupt labor markets by 2030, displacing millions but creating new opportunities
An in-depth analysis of the US, Germany, and Australia shows how technology will disrupt labor markets by 2030—displacing millions of workers but creating new opportunities as well. Looking at all of these factors gave us an aggregate impact of automation and economic growth on national workforces by 2030. Two economic forecasts, and three possible technology … Continue reading
L’emploi au Québec (mars 2021) – Plus 26 000 (+0,6 %) et le chômage se maintient à 6,4 %
Au Québec, l’emploi a progressé de 26 000 (+0,6 %) en mars, après avoir enregistré une hausse notable en février. Le taux de chômage s’est maintenu à 6,4 %. Dans la RMR de Montréal, où des mesures de santé publique plus strictes sont demeurées en place pendant la semaine de référence de l’EPA, l’emploi a peu varié. Ensemble du Canada La … Continue reading
Job report in US (March 2021) – Employment rises by 916,000 and unemployment edges down to 6.0%
Total nonfarm payroll employment rose by 916,000 in March, and the unemployment rate edged down to 6.0 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic. Job growth was widespread in March, led by gains in … Continue reading
NABE’s US Outlook Survey (March 2021) – 59 percent employment will return to pre-COVID-19 levels in 2023 or later
The March 2021 NABE Outlook presents the consensus macroeconomic forecast of a panel of 53 professional forecasters (see last page for listing). The survey, covering the outlook for 2021 and 2022, was conducted February 8-February 16, 2021. Highlights: • NABE panelists have grown more optimistic about the prospects for economic growth in 2021. The median … Continue reading
La Période de Mise en Situation en Milieu Professionnel (PMSMP) en France – Plus de 9 employeurs sur 10 la recommandent
La période de mise en situation en milieu professionnel (PMSMP) ou immersion professionnelle vise à permettre à des demandeurs d’emploi en reconversion professionnelle de choisir un nouveau métier ou un nouveau secteur d’activité, de confirmer leur choix de projet professionnel ou d’initier une démarche de recrutement pour accéder à un emploi, grâce à une période … Continue reading
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