Job Market Monitor
Report
AI in Europe – 61% of workers say that they will need new skills but 44% think it is unlikely their organisation will provide training
The rapid proliferation of generative and other artificial intelligence (AI) technologies has raised hopes about a revival in productivity growth and competitiveness in many economic sectors of the European labour market. However, many express fears about the potential adverse consequences of AI and algorithmic work for employment and job quality. While recent studies have alleviated … Continue reading
AI in US – The American worker and the future of work
Addressing some of generative AI’s emerging risks for which society’s response is far less developed, especially risks to livelihoods. Existing generative AI technology already has the potential to significantly disrupt a wide range of jobs. We find that more than 30% of all workers could see at least 50% of their occupation’s tasks disrupted by … Continue reading
AI – Who will be the workers most affected ?
This paper examines how different socio-demographic groups experience AI at work. As AI can automate non-routine, cognitive tasks, tertiary-educated workers in “white-collar” occupations will likely face disruption, even if empirical analysis does not suggest that overall employment levels have fallen due to AI, even in “white-collar” occupations. The main risk for those without tertiary education, … Continue reading
AI and skills in Canada – Most workers exposed will not require specialised AI skills
Most workers who will be exposed to artificial intelligence (AI) will not require specialised AI skills (e.g. machine learning, natural language processing, etc.). Even so, AI will change the tasks these workers do, and the skills they require. This report provides first estimates for Canada on the effect of artificial intelligence on the demand for … Continue reading
Productivity Growth in Canada – Weakening business investment means roughly $130 billion lower GDP
In this research, we explore what’s holding back Canada’s productivity growth—and therefore the country’s prosperity—and suggest ways to give it a boost.How could Canada unlock more private sector investment without costly publicly funded incentives? In which sectors of the economy is weak productivity growth the most concerning? Could taking advantage of technologies such as artificial … Continue reading
Immigration in OECD – a new record in 2023, with 6.5 million migrants arriving
Permanent migration to OECD countries hit a new record in 2023, with 6.5 million migrants arriving. The number of temporary migrants and asylum seekers has also risen sharply, according to a new OECD report. International Migration Outlook 2024 says that most of the 2023 increase in permanent-type migration was driven by family migration (+18%). Humanitarian … Continue reading
The Future of Good Jobs in US – Projections through 2031 by CEW Georgetown
Future job market trends will favor workers with higher levels of education and training, resulting in fewer jobs for workers with a high school diploma or less, and more jobs for workers with college degrees and certificates. Even against a backdrop of economic uncertainty—driven by high inflation and interest rates, generative AI, international conflicts, changing … Continue reading
New Immigration Targets in Canada – Could subtract nearly 1 percentage point from growth forecast
The Canadian government has been under growing pressure to align the inflow of newcomers to the country with current labour market needs and infrastructure capacity—which prompted a massive reversal of the post-pandemic immigration plan set by the federal government. Ambitious immigration targets were originally put forward to tackle labour market imbalances and financial stress on … Continue reading
Skills and Productivity in Canada – Skills shortages explain 7 per cent of the gap between U.S. and Canadian productivity
Skills shortages hamper Canada’s productivity growth. If there had been no skills shortages over the past 20 years, Canada’s GDP would be 1.8 per cent, or $49 billion, larger. Key findings • Skills shortages hamper productivity growth. We estimate Canada’s GDP would be up to 1.8 per cent, or $49 billion, larger today if there … Continue reading
Lifelong Guidance Systems in Europe – Monitoring and evaluating
Traditional learning and career pathways are being replaced by more dynamic, ‘patchier’ routes and shorter job tenures. Fast-changing and more complex learning and working contexts draw more attention to continuous learning and individual mobility, making lifelong guidance pivotal. It improves people’s access to career information, helps them assess it and enables them to develop diverse … Continue reading
Skills for the Green Transition – The OECD Employment Outlook 2024
Skills for the green transition Abstract Analysing skills in the context of the net-zero transition is crucial as it helps identify mismatches between existing workforce competences and those demanded by emerging green activities. Addressing these gaps through training and education ensures a smoother transition, but policies need to be carefully designed. To this end, this … Continue reading
Assessment of Labour Market Health by the Bank of Canada – A balance from overheated levels and some signs of structural changes
This staff analytical note builds on Ens et al. (2021); Ens et al. (2022); and Ens, See and Luu (2023) to assess the health of the Canadian labour market. These earlier works established a more granular framework for assessing the labour market given its diverse and segmented nature. In this note we do three things: … Continue reading
Talent Mobility – Up to 800 million professionals around the world who may actively looking for job abroad
What a study of 150,000 people in 188 countries tells us about where people will move for work—and why. Where Do People Want to Go? In 2023, Australia, which has been steadily rising through the ranks since we initiated this series, finally topped the list of desirable country destinations. Why Do People Choose a Specific … Continue reading
Artificial intelligence (AI) and Skills – High-exposure occupations comprise a third of all vacancies in OECD countries in the sample
Artificial intelligence (AI) adoption by firms is changing how workers perform their jobs and how work is organised. This reorganisation of tasks will result in changing demand for skills. For example, firms will demand more workers with AI skills, i.e. workers with the knowledge and competencies to actively develop and maintain AI models. However, despite … Continue reading
Artificial Intelligence (AI) – No indication it has affected wage inequality between occupations so far and some evidence it may be associated with lower wage inequality within occupations
The last decade has seen impressive advances in Artificial Intelligence (AI). This rapid progress has been accompanied by, amongst others, concerns about the possible effects of AI on the labour market, including on wages and inequality between workers; concerns that have come to a head since the public launch, in late 2022, of generative AI … Continue reading
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