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Recovery from Covid and Jobs in US – More jobs and more skills needed
Permanently displaced workers now total nearly 4 million and rising, with the heaviest concentration among fairly low-wage workers. Their skill sets and work experience will not immediately lead them to new jobs, and they face the prospect of long periods without work or lower wages than before, even if the overall labor market tightens. For … Continue reading
Immigration in Canada – Thousands of skilled workers invited to stay permanently
As we confront the pandemic’s second wave and chart a course for our recovery, attracting skilled immigrants—who bring the talents and skills our economy needs to thrive—is a central part of our plan. With travel restrictions limiting who can come to Canada, Immigration, Refugees and Citizenship Canada (IRCC) is pioneering new ways to engage those … Continue reading
Covid and Older Workers in UK – Age not seen as a priority diversity issue by the employers
Although the proportion of people aged 50 and over in the workforce has steadily increased over the past three decades, many older workers are not able to find the fulling work that they desire. When seeking a new role, age discrimination may be a significant barrier for older workers, as age is the least scrutinised … Continue reading
UI Weekly Claims in US (Week ending February 6) – 793,000, a decrease of 19,000 from the previous week
In the week ending February 6, the advance figure for seasonally adjusted initial claims was 793,000, a decrease of 19,000 from the previous week’s revised level. The previous week’s level was revised up by 33,000 from 779,000 to 812,000. The 4-week moving average was 823,000, a decrease of 33,500 from the previous week’s revised average. … Continue reading
Lifelong Learning Revolution in UK – House of Commons’ Education Committee recommends an Individual Learning Account
35.Even before the Covid-19 pandemic struck, the effects of an ageing population, automation and the Fourth Industrial Revolution were already starting to significantly shake up jobs and skills. The growth of new sectors, such as green energy, will spur demand for new skills, making it vital for adults to be able to reskill and upskill … Continue reading
Essential Workers in US – About half of all workers in low-paid occupations
Using our colleagues Adie Tomer and Joseph W. Kane’s essential worker classification and 2018 data from the Bureau of Labor Statistics, we find that essential workers comprised approximately half (47%) of all workers in occupations with a median wage of less than $15 an hour. In 2018, 47.7 million U.S. workers were in occupations with … Continue reading
Job Report in US (January 2021) – Employment changed little (+49,000) and unemployment to 6.3 percent
The unemployment rate fell by 0.4 percentage point to 6.3 percent in January, while nonfarm payroll employment changed little (+49,000), the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic and efforts to contain it. In January, notable job gains in professional and business services and in both … Continue reading
Productivity in US (Q4 2020) – Largest drop in 39 years
Nonfarm business sector labor productivity decreased 4.8 percent in the fourth quarter of 2020, the U.S. Bureau of Labor Statistics reported today, as output increased 5.3 percent and hours worked increased 10.7 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates, and show what the percent change would be if the … Continue reading
Job Recovery in US – At this rate of job growth, the economy is years away from a full recovery
On Friday, the Bureau of Labor Statistics (BLS) will release its latest jobs report on the state of the labor market for January 2021. The pandemic recession has caused immense damage to the health and economic well-being of millions of people for over 10 months. The economic pain easily extends to nearly 27 million workers in … Continue reading
UI Weekly Claims in US (week ending January 30) – 779,000, a decrease of 33,000 from the previous, still well above levels before the pandemic
In the week ending January 30, the advance figure for seasonally adjusted initial claims was 779,000, a decrease of 33,000 from the previous week’s revised level. The previous week’s level was revised down by 35,000 from 847,000 to 812,000. The 4-week moving average was 848,250, a decrease of 1,250 from the previous week’s revised average. … Continue reading
Poorer than their Parents – Reimagining an economy where the future for the next generation is not worse?
Two-thirds of people in advanced economies are poorer than their parents Brancaccio: So I know we could convene a symposium about the following question, but where might we focus our attention to reimagining an economy where the future for the next generation is not worse? Manyika: I think one of those is to really think about the … Continue reading
Racial Identity in US – A measurable, significant, and persistent predictor of labor market outcomes
According to the Center for Assessment and Policy Development, racial equity is the condition that would be achieved if one’s racial identity no longer predicted, in a statistical sense, how one fares. In reality, statistical analysis often reveals that racial identity is a measurable, significant, and persistent predictor of labor market outcomes. Let’s pause and … Continue reading
Les Diplômés du Postsecondaire de 2015 au Canada – Entre 77 % et 93 % travailler dans une entreprise en lien avec leur domaine
Cette étude, fondée sur l’Enquête nationale auprès des diplômés (END) de 2018, examine les résultats sur le marché du travail des diplômés de 2015, trois ans après la fin de leurs études. La plupart des diplômés du niveau postsecondaire, qui n’avaient pas poursuivi leurs études, avaient un emploi ou une entreprise trois ans après l’obtention … Continue reading
Canada – Where is the economic vision for the future?
Why can’t we leverage our intellectual capital to create global firms that capture new markets like other countries do? Are we positioning ourselves to be successful in the fast-growing fields of artificial intelligence, cleantech or biotech? When it comes to talent and intellectual property, we look more and more like a farm team for American … Continue reading
Weekly UI Claims in US (week ending January 9) – 965,000, an increase of 181,000 from the previous week
In the week ending January 9, the advance figure for seasonally adjusted initial claims was 965,000, an increase of 181,000 from the previous week’s revised level. The previous week’s level was revised down by 3,000 from 787,000 to 784,000. The 4-week moving average was 834,250, an increase of 18,250 from the previous week’s revised average. … Continue reading
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