Job Market Monitor
In the News
Skills Gap and Tertiary Education in New Zealand – Employer satisfaction with graduates is mixed
There are mixed opinions on how well New Zealand’s tertiary system prepares graduates for employment. For example, Universities New Zealand (sub. 17) submitted that it is a myth that universities are producing poor quality graduates or graduates that are not work ready. Others, including Ed.Collective (sub. 89) offered a different assessment. …there are areas where … Continue reading
Skills Gap – A tech-talent list
In today’s rapidly changing digital landscape, companies that understand their talent needs and know how to meet them have a competitive edge. Here’s how they do it. While there is a broad range of skills needed, this set should be part of any company’s tech-talent list: Experienced designers and engineers. As customer experience becomes increasingly … Continue reading
The Future of Jobs – Rethinking education systems, incentivizing lifelong learning and cross-industry and public-private collaboration
The impact of technological, demographic and socio-economic disruptions on business models will be felt in transformations to the employment landscape and skills requirements, resulting in substantial challenges for recruiting, training and managing talent. Several industries may find themselves in a scenario of positive employment demand for hard-to-recruit specialist occupations with simultaneous skills instability across many … Continue reading
Euro area – Unemployment at 10.1%, 4.276 million young persons unemployed in the EU28
The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in July 2016, stable compared to June 2016 and down from 10.8% in July 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6% in July 2016, stable compared to June 2016 and down from 9.4% … Continue reading
Job Vacancy in Canada (first quarter 2016) – Declined by 72,000 (-17.9%)
There were 328,000 job vacancies among Canadian employers in the first quarter, and the job vacancy rate was 2.1%. Compared with the first quarter of 2015, the number of job vacancies declined by 72,000 (-17.9%), and the job vacancy rate decreased by 0.5 percentage points. Job vacancy rate declines in most provinces and territories From the first quarter of 2015 to the first quarter of 2016, … Continue reading
Unemployment in the Euro Area – 10.1% in June 2016, 20.8% for youth
The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in June 2016, stable compared to May 2016 and down from 11.0% in June 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6% in June 2016, stable compared to May 2016 and down from 9.5% … Continue reading
The 9-to-5 Day Work – Three in five workers believe it is a thing of the past
A typical work day historically involved eight consecutive hours of effort for full-time workers, but today, most don’t stop working when the clock hits 5 p.m. According to a new survey from CareerBuilder, nearly 3 in 5 workers (59 percent) believe the traditional 9-to-5 work day is a thing of the past. Forty-five percent of … Continue reading
Investing in Education – A threshold effect after this level of resources is met
A simple correlation analysis using cross-country data suggests that there is at best a weak relationship between student achievement and education spending. In other words, when comparing per pupil spending and average learning outcomes per country, we find that countries with similar levels of spending per student also show enormous differences in how much their … Continue reading
Work – How you feel about your employer’s mission ?
One of the most important dimensions of job satisfaction is how you feel about your employer’s mission. Suppose you’re weighing two offers for jobs writing advertising copy: One is for an American Cancer Society campaign to discourage teenage smoking, the other for a tobacco industry campaign to encourage it. If pay and other working conditions … Continue reading
The Value of Apprenticeships in UK – Wages alone under-estimate the total productivity benefit
The Social Market Foundation (SMF) has undertaken research to look at what types of apprenticeships create the most value, in terms of both wages and firm performance. This in turn will help inform policy recommendations on how Government should support the next phase of the apprenticeships programme. There is strong political commitment to the apprenticeships … Continue reading
After Brexit Vote – The debate in other EU member states about the future of the institution may just be getting started.
A majority of the Greeks (68%) and pluralities of the Dutch (44%), Germans (43%), Italians (39%) and French (39%) all want some EU power returned to their national governments. Both the Dutch and the French have a history of holding referendums on major and not-so-major issues, and Euroskeptic parties in both countries have already voiced … Continue reading
Migration and the UK – 5 facts
Here are five facts about migration into and out of the UK: The UK has the fifth-largest immigrant population in the world, at 8.5 million. 2. As of 2015, the UK’s immigrant population has one of the most diverse groups of origin countries in the world, tying Denmark for the highest diversity score, which measures … Continue reading
The Class of 2016 in US – High school graduates unemployment at 17.9 percent
This paper focuses on recent high school (age 17–20) and college graduates (age 21–24) who are not enrolled in further schooling. We analyze their employment, enrollment, and wage trends in order to glean the Class of 2016’s economic prospects as they start their careers. Due to the progression of the economic recovery and a substantial … Continue reading
Slow Growth in US – At the actual rate, it will take about 160 years to double GDP per person
Over the last decade, the growth rate of real G.D.P. per person has averaged just 0.44 percent per year, compared with the historical norm of 2.0 percent. At a rate of 2.0 percent, incomes double every 35 years. At a rate of 0.44 percent, it takes about 160 years to double. via One Economic Sickness, … Continue reading
Hourly Labour Costs in Europe (2016,Q1) – Up by 1.7%
Hourly labour costs rose by 1.7% in both the euro area (EA19) and the EU28 in the first quarter of 2016, compared with the same quarter of the previous year. In the fourth quarter of 2015, hourly labour costs increased by 1.3% and 2.0% respectively. Chosen excerpts by Job Market Monitor. Read the whole story at Annual … Continue reading
