Job Market Monitor
Report
Skills Gap in US and Digital Readiness – How familiar adults are with specific educational resources or concepts
How familiar adults are with specific educational resources or concepts: As it turns out, there is not widespread public awareness of some of the key resources that are becoming available thanks to innovation online. Noteworthy majorities of Americans say they are “not too” or “not at all” aware of these things: Common Core standards – … Continue reading
Educational Attainment – The cumulative risk of low performance at age 15
Far too many students around the world are trapped in a vicious circle of poor performance and demotivation that leads only to more bad marks and further disengagement from school. Worse, poor performance at school has long-term consequences, both for the individual and for society as a whole. Students who perform poorly at age 15 … Continue reading
Tertiary Education – Countries are finding other ways, besides public spending, to fund it OECD finds
OECD countries spend an average of 5.2% of their GDP on educational institutions from primary to tertiary education, public and private expenditure combined. Around one-third of the total expenditure is devoted to tertiary education, where spending per student is highest. The higher cost of tertiary-level teaching staff and the prevalence of research and development in … Continue reading
Higher Education – An increasing share of tertiary-educated people are attaining a bachelor’s or equivalent degree
The share of tertiary-educated people with a master’s or doctoral degree varies widely from country to country and an increasing share of tertiary-educated people are attaining a bachelor’s or equivalent degree. Among 25-34 year-olds with a tertiary degree, the proportion of those who obtained at least a master’s or equivalent degree varies from 4% in … Continue reading
The jobs of the future – New skills for new economies
So what skills should workers be acquiring to make sure they have value as the Fourth Industrial Revolution gathers pace? Some may be surprised to learn that skills we develop in pre-school will be valued highly. David Deming, associate professor of education and economics at Harvard University, argues that soft skills like sharing and negotiating … 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
Unemployed in EU – 65.7% remained unemployed, 15% found a job
Out of all persons in the European Union (EU) who were unemployed in the fourth quarter 2015, 65.7% (13.0 million persons) remained unemployed in the first quarter 2016, while 15.4% (3.0 million) moved into employment and 18.9% (3.7 million) towards economic inactivity in Q1 2016. Of all those initially in employment, 96.2% (169.7 million persons) … Continue reading
Youth Unemployment Is on the Rise – 20 per cent were willing to move permanently to another country.
In a climate of renewed concerns about global economic growth, youth unemployment is on the rise after several years of improvement… Global economic growth in 2016 is estimated to stand at 3.2 per cent, 0.4 percentage points lower than the gure predicted in late 2015. The downward revision is a result of recessions that were … Continue reading
UK – What has driven the growth in apprenticeships?
The number of apprenticeships started in England each year has almost tripled over the past decade. The Conservative Government sees apprenticeships as a tool to increase national productivity and improve the wage and employment prospects of individuals. It has launched an ambitious reform agenda to deliver 3 million apprenticeships by 2020 – up from 2.4 … Continue reading
Women’s Labour Market Participation – The Canada–U.S. gap
Substantial increases in the labour force participation of women are a striking feature of the labour market developments in most Western nations. While the growth in participation began at different times and has advanced at different rates, the quantitative changes in the North American labour market over the past three decades have been remarkable. According … Continue reading
Trial Periods in New Zealand – No evidence of increased employment beyond the trial period
In March 2009, an amendment to the Employment Relations Act (2000) came into effect that introduced 90-day trial periods in employment for firms with fewer than 20 employees. A worker new to a small firm could be hired on a trial period, and for the first 90 days of his employment the legal requirements for … Continue reading
US – Union boost to nonunion pay has weakened
Pay for private-sector workers has barely budged over the past three and a half decades. In fact, for men in the private sector who lack a college degree and do not belong to a labor union, real wages today are substantially lower than they were in the late 1970s. In the debates over the causes … Continue reading
Tomorrow’s Jobs – Explore the world of work in 2025 by The Future Laboratory and Microsoft
Explore the world of work in 2025 in a revealing evidence-based report by future consultants The Future Laboratory and Microsoft, which identifies and investigates ten exciting, inspiring and astounding jobs for the graduates of tomorrow – but that don’t exist yet. Virtual Habitat Designer By 2025, virtual habitat design will offer some of the most … Continue reading
Employability – Education and training systems, labour markets, workers and workplaces will have to become more adaptable OCDE’S report says
Skill requirements are changing rapidly as a result of structural shifts 1. The speed and nature of globalisation, technological change and innovation, changes in work organisation, environmental change and demographic trends take very different forms across G20 countries. But in all of them, they are affecting what kind of work is done, who carries it … Continue reading
Digitalisation in the US – Significantly higher risk of job losses for workers with low wages
Digitalisation has a substantial impact on the labour market, by modifying skills needed, working conditions and job dynamics in the US. Concerning skills needs, individuals need new digital skills to respond to employers’ needs, but also to function well in society as whole. These skills range from basic digital literacy to advanced technical skills. Moreover, … Continue reading
