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The Collision of Demographics, Automation and Inequality – The deceleration in labor force growth in OECD countries could result in a $5.4 trillion GDP shortfall by 2030
Demographics, automation and inequality have the potential to dramatically reshape our world in the 2020s and beyond. Our analysis shows that the collision of these forces could trigger economic disruption far greater than we have experienced over the past 60 years (see Figure 1). The aim of this report by Bain’s Macro Trends Group is … Continue reading
Job Report in Canada, April 2018 – Employment and unemployment were essentially unchanged
Employment was essentially unchanged in April and the unemployment rate held steady at 5.8%. On a year-over-year basis, employment grew by 278,000 (+1.5%). The increase was due to gains in full-time employment (+378,000 or +2.6%), while part-time work declined (-100,000 or -2.8%). In the 12 months to April, total hours worked were up 1.9%. Chart Unemployment rate The number of employed core-aged women … Continue reading
US Mothers – Spending more time in the labor force than in the past, but also more time on child care
In 2016, moms spent about 25 hours a week on paid work, compared with nine hours in 1965. At the same time, they spent 14 hours a week on child care, up from 10 hours a week in 1965. (Dads, too, are spending more time in child care than they were a half-century ago.) Seven-in-ten … Continue reading
Unemployment Below 4 Percent in US – What does it mean ?
Job creation is increasingly limited not by employers’ optimism or confidence or so-called animal spirits, but on the hard limit caused by the finite number of humans to fill those jobs. And so the focus of policy seems as if it should be less on creating more jobs and more on trying to make the … Continue reading
Immigration in Australia – Unions and business alliance oppose cuts
In a rare alliance, the Australian Council of Trade Unions, the Australian Industry Group and a suite of national peak bodies have said they collectively “affirm that Australia’s permanent migration program is essential to Australian society and economy and do not support any reduction to the scheme”. “Our permanent migration program has been central to … Continue reading
Job Report in US, April 2018 – Employment increased by 164,000 and unemployment at 3.9 percent
Total nonfarm payroll employment increased by 164,000 in April, and the unemployment rate edged down to 3.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, manufacturing, health care, and mining. Household Survey Data In April, the unemployment rate edged down to 3.9 percent, following 6 months … Continue reading
International Labour Organization – Accueil | Facebook
On the International Labour Day, we highlight the importance of decent work as the foundation of fair and inclusive growth via International Labour Organization – Accueil | Facebook
Asylum Claims in Canada (2017) – Surged over any point in at least a quarter-century
More people sought asylum in Canada in 2017 than at any point in at least a quarter-century, due in part to a spike in applications from Haitians entering the country from the United States, according to a Pew Research Center analysis of Canadian government data. The 50,420 asylum applications Canada received in 2017 were more … Continue reading
Education in Europe – 39.9% of 30-34-year-olds have completed tertiary education and 10.6% of 18-24-year-olds out of education and training in 2017
Today, Eurostat, the statistical office of the European Union, publishes the most recent data for the EU and its Member States on achievement against the two Europe 2020 education headline targets. One of Europe 2020 strategy’s targets is that at least 40% of 30-34-year-olds in the EU should have completed tertiary education by 2020. This … Continue reading
Employment rate in EU, 2017 – A record level for people aged 20 to 64
In 2017, the employment rate of people aged 20 to 64 in the European Union (EU) stood at 72.2%, up compared with 2016 (71.1%). The Europe 2020 strategy target is to reach a total employment rate for people aged 20 to 64 of at least 75% in the EU by 2020. This objective has been … Continue reading
Job Report in US, March 2018 – Employment up by 103,000 and unemployment unchanged (4.1 %)
Total nonfarm payroll employment edged up by 103,000 in March, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in manufacturing, health care, and mining. Household Survey Data In March, the unemployment rate was 4.1 percent for the sixth consecutive month,and the number of unemployed … Continue reading
Job Report in Canada, March 2018 – Employment increased by 32,000 unemployment rate was unchanged (5.8%)
Employment increased by 32,000 in March, driven by full-time gains. The unemployment rate was unchanged at 5.8%. In the first quarter of 2018, employment edged down (-40,000 or -0.2%), as a result of a decrease in January. Over the longer term, employment has been on an upward trend since the second half of 2016. On a year-over-year basis, total employment rose … Continue reading
Immigration Around the World – Foreign-born population as a proportion of the total population in major cities
Globally, migration tends to ow towards cities that have a large population. The volume of movement decreases as the distance between the place of origin and the place of destination increases. Moreover, migration and urbanization are often interlinked processes. Migrants tend to remain in cities once they have arrived in their destination country, and become signi … Continue reading
The Distribution of Household Income in US, 2014 – Average of $19,000 for the lowest quintile and of $281,000 for the highest quintile and getting worse
In 2014, average household income before accounting for means-tested transfers and federal taxes was $19,000 for the lowest quintile and $281,000 for the highest quintile. After transfers and taxes, those averages were $31,000 and $207,000. What Are the Trends in Household Income and Income Inequality? According to the agency’s estimates, average household income before transfers … Continue reading
Linkages Between Actors in – The KOF EELI Index
Vocational education and training (VET) is a major policy topic for countries all over the world, who are eager to learn from the best examples where participation in VET is high and youth unemployment is low. Policymakers want to know how strong VET systems manage challenges like rapid technological change, matching labor market demand for … Continue reading
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