Job Market Monitor
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COVID and Public Employment Services (PES) – Need to be agile, quickly adapt to the new situation and adjust their response frequently and flexibly to respond to unpredictable developments
Strengthening labour market resilience also requires stronger institutional capacity to scale up key measures quickly, while maintaining service quality. This implies that when a crisis hit, the policy infrastructure should already be in place and can be scaled up quickly. Evidence suggests that implementation and delivery failures during the COVID-19 crisis were more common where … Continue reading
Basic Income in Canada – A guaranteed 18 329 $ would cost up to $96.4 billion in 6 months, excluding behavioral reactions
A parliamentarian requested that the PBO estimate the cost of a guaranteed basic income (GBI) program to ensure all Canadians between 18 and 64 have income of at least 75% of the Low-Income Measure (LIM; $24,439 for an individual and $34,562 for a couple) for the last six months of the fiscal year 2020-21. The … Continue reading
Automation in Canada – 10.6% of workers were at high risk in 2016, while 29.1% were at moderate risk
The recent development of several artificial intelligence applications—such as driverless vehicles, robo-writers and computer-aided medical diagnostics—has led to concerns about the role of human workers in the future workforce. The COVID-19 pandemic has added to these concerns, as businesses may turn to new artificial intelligence technologies to perform work activities not traditionally regarded as automatable, … Continue reading
Covid and OECD Economic Outlook for Canada – Annual output is projected to shrink by 9.4% in 2020
Annual output is projected to shrink by 9.4% in 2020 in the event of a second virus outbreak and related shutdown, and by 8% if recovery is uninterrupted. The rebound will not be dynamic enough for output to attain pre-COVID-19 levels by the end of 2021 under either scenario. Similarly, the rate of unemployment will … Continue reading
COVID and TVET Systems – Can play a critical role in the different stages
This note focuses on the role of Technical and Vocational Education and Training (TVET) in the response to the COVID-19 pandemic. It provides guidance on reducing the adverse impact of the pandemic on TVET provision and enhancing the contribution TVET can make to mitigating the health, social, and economic impact of COVID-19. Main messages: 1. … Continue reading
How Much do Grads Make in Canada – Vary widely by field of study with the top fields earning between 40% and 60% more
Five years after gradation, earnings vary widely by field of study within credentials, with the top fields earning between 40% and 60% more than graduates from fields with the lowest earnings. On average, graduates in Architecture, engineering and related technologies earn the most among college-level certificate, college-level diploma and bachelor’s degree students five years after graduation … Continue reading
Subsidized Employment Programs for Disadvantaged in US – Pattern of results makes it difficult to draw firm conclusions about which type of program works best, and for whom
Even in a strong economy, some job seekers struggle to find and keep jobs. These individuals often have limited work experience, few educational credentials and job skills, and other characteristics such as criminal records or primary caretaking responsibilities that make it difficult for them to compete in the labor market. For decades, government entities, private … Continue reading
Temporary Foreign Workers in Canada – About 550,000 accounting for 2.9% of total employment
Temporary foreign workers (TFWs) have played an increasingly important role in the Canadian labour market in recent years (Lu and Hou, 2019). Close to 470,000 foreign nationals have a work permit that became effective in 2019, compared to 340,000 in 2017 and 390,000 in 2018.Note However, their contribution to the labour market could be severely … Continue reading
COVID and Post-Secondary Education – Canada’s advantage in international student attraction is at risk
For Canada to remain a global education leader that continues to attract the world’s brightest, our institutions will need to differentiate themselves says RBC Thought Leadership. Canadian institutions historically lacked the resources or expertise to fully develop online learning About 16% of university and 12% of college students learned primarily online in 2019, while more … Continue reading
Foreign-Born People in US – 46 million in 2018 or 14 percent of the total population
In 2018, 46 million foreign-born people lived in the United States, accounting for 14 percent of the total population, and three-quarters of them were here legally, according to estimates by the Congressional Budget Office. The population with legal status increased steadily from 20 million in 1998 to 35 million in 2018. The increase in the … Continue reading
Basic Income in Canada – Questions to help the debate focus
Click to access Basic-Income-Green-Kesselman-Tedds.pdf
Post-COVID Skills Mismatch – It is the time to start preparing
The pandemic has transformed working modes. With the ILO estimating that 81% of the global labor force is engaged in a work-from-home experiment, flexible and remote arrangements are likely to become the new normal. In the wake of the crisis, some 75% of global businesses plan to shift at least 5% of employees who previously … Continue reading
Homeworking in UK – Around 8.7 million people said that they have worked from home
Of the 32.6 million in employment, around 1.7 million people reported working mainly from home, with around 4.0 million working from home in the week prior to being interviewed for the survey. Around 8.7 million people said that they have worked from home; this is less than 30% of the workforce. Some industrial sectors, such … Continue reading
COVID-19 and Gig Economy in Canada – Earnings were below $5,000 a year for most
A new study looks at some of the challenges in tracking the gig economy in real time and profiles the approximately 1.7 million Canadians who worked in the gig economy prior to the pandemic.About 1 in 10 Canadians in the labour force worked in the gig economy pre-COVID. About half worked to supplement their wage income, while gig work represented the … Continue reading
COVID in UK – Unemployment has risen markedly says the Bank of England
The Bank has published its quarterly Monetary Policy Report alongside an interim Financial Stability Report. Together, they provide a scenario for the path of the UK economy in the light of Covid-19 and assess the financial system’s resilience to that scenario. The spread of Covid‐19 and the measures to contain it are having a significant … Continue reading
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