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Job Report in Canada, April 2019 – Employment rose by 107,000 and unemployment at 5.7%, historically low in Quebec
Employment rose by 107,000 in April, with notable gains in part-time work for youth. The unemployment rate declined by 0.1 percentage points to 5.7% as more people participated in the labour market. On a year-over-year basis, employment grew by 426,000 (+2.3%), with gains in both full-time (+248,000) and part-time (+179,000) work. Over the same period, total hours worked were up 1.3%. Employment up … Continue reading
Reskilling and The Future of Work in US – $24,800 per displaced worker, with $4.7 billion from the private sector to reskill 25% of all workers in disrupted jobs
As the Fourth Industrial Revolution impacts skills, tasks and jobs, there is growing concern that both job displacement and talent shortages will impact business dynamism and societal cohesion. A proactive and strategic effort is needed on the part of all relevant stakeholders to manage reskilling and upskilling to mitigate against both job losses and talent … Continue reading
Job Report in US, April 2019 – Employment rebounds with a 263,000 increase and at 3.6 percent, the lowest rate since December 1969
Total nonfarm payroll employment increased by 263,000 in April, and the unemployment rate declined to 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, construction, health care, and social assistance. Household Survey Data The unemployment rate declined by 0.2 percentage point to 3.6 percent in … Continue reading
Skills Gap of Applicants in US – 42 Percent don’t meet skills requirements, but companies are willing to train up
Should professionals mind the skills gap when applying for a position? In new research from global staffing firm Robert Half, HR managers said 42 percent of resumes they receive, on average, are from candidates who don’t meet the job requirements. In a separate survey of workers, 78 percent admitted they would submit for a role … Continue reading
Unemployment Insurance Weekly Claims in US, April 13 – Down at the lowest level for initial claims since September 6
In the week ending April 13, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 5,000 from the previous week’s revised level. This is the lowest level for initial claims since September 6, 1969 when it was 182,000. The previous week’s level was revised up by 1,000 from 196,000 to 197,000. … Continue reading
Millennials in Canada – Higher incomes and median wealth than young Gen-Xers but also considerably more mortgage debt
Millennials had higher incomes and median wealth than young Gen-Xers at the same age, but also considerably more mortgage debt Examining debt and wealth for young households, who have begun to accumulate assets and debt over a period of sustained home price inflation, provides another perspective on the health of balance sheets in Canada. A … Continue reading
Industrial Production in US and Europe – Down in both cases
Industrial production edged down 0.1 percent in March after edging up 0.1 percent in February; for the first quarter as a whole, the index slipped 0.3 percent at an annual rate. Manufacturing production was unchanged in March after declining in both January and February. The index for utilities rose 0.2 percent, while mining output moved down 0.8 percent. At 110.2 percent … Continue reading
Annual Review of Labour market in Canada, 2018 – Record-low unemployment rate
Canada’s record-low unemployment rate was one of several notable labour market trends in 2018. While the overall labour force participation rate continued to decrease, in keeping with the aging population, it reached a record high 83.2% among women in the core working ages of 25 to 54. The long-term trend of increasing labour force participation for people aged 55 and older was … Continue reading
Future of Work – The ILO’s Centenary Global Tour
ILO Director-General Guy Ryder shared his vision of the future of work, at an event at the Graduate Institute, Geneva – part of the ILO’s 24-hour Centenary Global Tour.
The Future of Work in Canada – Trends with the potential to impact
What does the future hold for employment in Canada? Using strategic foresight research methods, this report explores a broad range of trends with the potential to impact Canada’s labour market. TECHNOLOGICAL CHANGE 1. AI EVERYTHING: AI may impact and potentially disrupt every industry. 2. VR + AR EXPERIENCES: Virtual and Augmented Reality may transform the … Continue reading
Purposeful Work and Higher Education in US – Less than half of college graduates succeed in finding it
Representing the views of more than 2,000 college graduates, 600 hiring managers and 1,000 parents of students who are college bound, in college or who recently graduated from college, this study measures the extent to which college graduates seek and find purpose in their work. The study identifies four key undergraduate experiences that align with … Continue reading
Education in UK – The pace of growth in young people’s educational attainment has more than halved since the start of the 21st century
This paper uses the Brexit moment to take stock of where Britain has got to on educational attainment, and where we might be heading. It highlights that while improvements to the country’s human capital stock have been driven by increasingly educated cohorts of young people flowing into the labour market, the pace of growth in … Continue reading
Hourly Labour Costs in Europe (2018) – Rose by 2.7% in the EU and by 2.2% in the euro area
In 2018, average hourly labour costs in the whole economy (excluding agriculture and public administration) were estimated to be €27.4 in the European Union (EU) and €30.6 in the euro area. However, the average masks significant gaps between EU Member States, with the lowest hourly labour costs recorded in Bulgaria (€5.4), Romania (€6.9), Lithuania (€9.0), … Continue reading
Weekly Jobless Claims in US (ending April 6) – The lowest level for initial claims since October 4, 1969
In the week ending April 6, the advance figure for seasonally adjusted initial claims was 196,000, a decrease of 8,000 from the previous week’s revised level. This is the lowest level for initial claims since October 4, 1969 when it was 193,000. The previous week’s level was revised up by 2,000 from 202,000 to 204,000. … Continue reading
Job Openings in US – At 11-month low
The number of job openings fell to 7.1 million on the last business day of February, the U.S. Bureau of Labor Statistics reported today. Over the month, hires and separations were little changed at 5.7 million and 5.6 million, respectively. Within separations, the quits rate was unchanged at 2.3 percent and the layoffs and discharges rate was little … Continue reading
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