Job Market Monitor
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Latin America: Tremendous social progress – World Bank
Latin America witnessed tremendous social progress during the last decade writes the World Bank in its report The Labor Market Story Behind Latin America’s Transformation (Adapted choosen excerpts by Job Market Monitor to follow). Inequality of (labor and non-labor) income fell substantially, by 5 Gini points on average for 15 LAC countries, and the robust growth that the … Continue reading
Europe / NEET / 7.5 million young people aged 15–24 and an additional 6.5 million young people aged 25–29 were excluded from the labour market and education in Europe
“The immediate future of Europe depends upon the 94 million Europeans aged between 15 and 29” writes the European Foundation for the Improvement of Living and Working Conditions in NEETs Young people not in employment, education or training: Characteristics, costs and policy responses in Europe. (Adapted choosen excerpts by Job Market Monitor to follow). Apart from the challenges that young people … Continue reading
The Grand Disconnect – Employers, education providers, and youth
“Around the world, governments and businesses face a conundrum: high levels of youth unemployment and a shortage of job seekers with critical skills” writes Mona Mourshed, Diana Farrell, and Dominic Barton in a McKinsey in Its report Education to Employment Designing a system that works. (Adapted choosen excerpts by Job Market Monitor to follow) How can a country successfully move … Continue reading
US / Employment among young people at lowest level since 1950s
Nearly 6.5 million U.S. teens and young adults are neither in school nor in the workforce, veering toward chronic underemployment as adults and failing to gain the skills employers need in the 21st century, according to a new KIDS COUNT® report from the Annie E. Casey Foundation. Many of these young people, ranging from ages … Continue reading
UK / Top 10% of households are 850 times wealthier than the bottom (video)
Key findings The wealthiest tenth of households owned more than 40% of overall wealth and were over 850 times wealthier than the least wealthy tenth of households A household required total wealth greater than £967,000 to belong to the wealthiest 10% of the distribution The south-east of England had the highest percentage of ‘wealthy’ households … Continue reading
International migration / Labour migration decreased in 2010 finds OECD
International Migration Outlook, OECD flagship publication on migration provides an analysis of recent developments in migration movements and policies in OECD countries and two analytical chapters, covering the role of migration in renewing the skills of ageing workforces and the role of Asia in international migration. Key Points Migration flows to the OECD Overall permanent migration inflows into 23 … Continue reading
Youth Transitions / A function of how economic, education and employment policies interact
“Youth unemployment was rising since well before the current economic downturn, but the fallout from the financial crisis has brought it to the top of the government’s agenda and generated a plethora of publications and initiatives to tackle the problem.” write Tess Lanning and Katerina Rudiger in Youth unemployment in Europe: lessons for the UK (Adapted chosen excerpts by … Continue reading
US Public Pension Funding / Aggregate underfunding of $0.895 trillion
The Milliman Public Pension Funding Study independently measures the aggregate funded status of the 100 largest U.S. public pension plans using basic actuarial principles and reported plan liabilities and assets. The aggregate accrued liability information provided has been determined on a uniform basis with respect to the interest rate assumption across all of the plans … Continue reading
Women in US – America has a “leaky” talent pipeline
“Women have been a growing factor in the success of the U.S. economy since the 1970s. Indeed, the additional productive power of women entering the work force from 1970 until today accounts for about a quarter of current gross domestic product (GDP). Still, the full potential of women in the work force has yet to … Continue reading
US / Fiscal Cliff and Unemployment Insurance: four options to extend benefits and their costs
The unemployment insurance (UI) system is a partnership between the federal government and state governments that provides a temporary weekly benefit to qualified workers who lose their job and are seeking work. The amount of that benefit is based in part on a worker’s past earnings. CBO estimates that UI benefits totaled $94 billion in … Continue reading
Europe is still not sufficiently skilled writes the European Commission in Pathways towards full employment
“The economic crisis is fuelling a stream of bad news about jobs in Europe.” writes Robert-Jan Smits, Director-General for Research and Innovation, European Commission in the foreword of New skills and jobs in Europe: Pathways towards full employment (Adapted choosen excerpts by Job Market Monitor to follow) People around us are losing their jobs and … Continue reading
US / In 2011, the top 5% households accounted for 22.3% of total income, and the top 20% had 51.5%
“Although not itself a subject of legislation, the shape of the income distribution enters Congress’s decision-making process concerning such policy issues as taxes, means-tested benefits, and social insurance programs. Congress also considers legislation specifically in the name of those in the middle class, which is variously defined as some income level or income range within … Continue reading
35% of workers are highly engaged, 26% disengaged and 17% detached
Globally, just over a third (35%) of the more than 32,000 full-time workers participating in our study are highly engaged writes HR consultants Towers Watson in Global Workforce Study Engagement at Risk: Driving Strong Performance in a Volatile Global Environment. (Adapted chosen excerpts by JMM to follow) On one level, this isn’t surprising. Five years of economic turmoil, nearly … Continue reading
Gender Gap / Unequal access to ‘hot jobs’ says Catalyst
Women around the globe are blocked from advancing in their careers because of unequal access to high visibility jobs and international experience, according to a new report. After graduate school, women start at lower level jobs than men and receive less pay, and the gender gap just gets wider as their careers progress, the study … Continue reading
India / Energy Revolution could generate 1.5 million jobs by 2030 writes Greenpeace
The second edition of India Energy [R]evolution in 2012 provides a practical pathway for India to secure its energy particularly electricity supply to achieve its long-term ambitious economic growth along with providing access to modern electricity technology to a 300 million population who are still waiting to see light in their homes while remaining low … Continue reading
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