Job Market Monitor
Report
The Future of Work – Cognitive as well as non-cognitive skills are strongly rewarded by labour markets OECD says
This study explores how the digital transformation is affecting the demand for skills in 31 countries, by analysing how skills are rewarded in sectors which are more or less digitally intensive. In so far as higher salaries reflect relative skills shortage, returns to skills contribute to inform on how the demand of different skills is … Continue reading
Reversing Decline in VET in UK – Lessons from Germany and France
[The] analysis suggests that there may be further lessons for [UK) from the German system and others from the French which would enable it to move rapidly to an effective and successful system. In particular: • France and Germany promote high standards of general education throughout school years for all pupils. Although this country’s reforms … Continue reading
The Future of Work – Job Transition Pathway Optimization Model for reskilling and upskilling
As the types of skills needed in the labour market change rapidly, individual workers will have to engage in life-long learning if they are to achieve fulfilling and rewarding careers. For companies, reskilling and upskilling strategies will be critical if they are to find the talent they need and to contribute to socially responsible approaches … Continue reading
The First Full Year of the Apprenticeships Levy in UK – The number of people starting an apprenticeship over 40 per cent lower
Now that the apprenticeship levy has completed its first full year of operation, this report reviews the available evidence to determine whether the levy will, as the Government hopes, “incentivise more employers to provide quality apprenticeships” and “transform the lives of young people who secure them”. The levy itself is, in effect, a tax of … Continue reading
Youth Guarantee in Europe – Many member states facing challenges when meeting the objectives of early intervention and effective enforcement mechanisms
The European Youth Guarantee (YG) is one of the most innovative labour market policies of recent years. It arrived at a time when an urgent and radical response was needed to address the detrimental long-lasting consequences of long-term unemployment. This article examines empirical evidence on the effectiveness of past youth guarantee experiences, as well as … Continue reading
The Future of Work in Australia – The critical imperative is to ensure that workers – particularly low- skilled men – can access retraining and education opportunities
This sixth report in BCEC’s Focus on the States series looks at the changing nature of employment, the quality of work, and considers the role of technology in the jobs of the future. The report also sheds light on patterns of employment and hours worked across industry sectors, and brings empirical evidence to bear on … Continue reading
US Demographics – 7 trends in 2018
More than 2,000 demographers are in Denver this week for the Population Association of America’s annual meeting, where they will discuss topics ranging from the changing family to international migration flows. Ahead of the meeting, here are some important recent demographic findings from Pew Research Center: Millennials are projected to outnumber Baby Boomers next year. … Continue reading
Unemployment in Europe’s Regions (2017) – Vary widely, from 1.7%, in Praha in the Czech Republic to 29.1% in Dytiki Makedonia in Greece
More than 80% of the NUTS 2 regions of the European Union (EU) saw their unemployment rate for persons aged 15-74 fall in 2017 compared with 2016, and around 60% recorded a decrease of at least 0.5 percentage points. However, regional unemployment rates continued to vary widely across the EU regions, with the lowest rates … Continue reading
Labor Migration – Employment protection legislation has the largest positive impact on the stock of high-skilled immigrants
• Population aging, technology-induced changes in labor demand as well as the recent refugee crisis have once again stirred continuous debates about the economic and social consequences of international labor migration in Europe and other developed countries. Proponents of international labor mobility highlight that migrants substantially contribute to the fiscal budget, provide well-needed skills and … Continue reading
The Future of Work in US – How to rebuild the links among work, opportunity, and economic security for all Americans in the face of accelerating change
The challenge facing the United States today is to rebuild the links among work, opportunity, and economic security for all Americans in the face of accelerating technological change. The world is in the midst of a transformation in the nature of work, as smart machines, artificial intelligence, new technologies, and global competition remake how people … Continue reading
The Declining Share of Manufacturing Jobs – The goal of supporting equitable growth would be better served by policy efforts to raise productivity across all sectors
The declining share of manufacturing jobs in overall employment has been a concern for policymakers and the broader public alike in both advanced economies and some developing economies. This concern stems from the widely held belief that manufacturing plays a unique role as a catalyst for productivity growth and income convergence and a source of … Continue reading
Deloitte’s 2018 Global Human Capital Trends – The rapid rise of the social enterprise
The 2018 Deloitte Global Human Capital Trends report showcases a profound shift facing business leaders worldwide: The rapid rise of what we call the social enterprise. This shift reflects the growing importance of social capital in shaping an organization’s purpose, guiding its relationships with stakeholders, and influencing its ultimate success or failure. WHAT IS A … Continue reading
Basic Income in Canada – Using the Ontario model would would cost between $76.0 billion and $79.5 billion
The total annual estimated gross cost of the defined GBI would range between $76.0 billion and $79.5 billion for the period 2018-2023. The guaranteed income for disability would range between $3.2 billion and $3.5 billion. PBO forecasts that more than 7.5 million people would benefit from the basic cost of GBI. Thus, on a per capita basis, the annual cost … Continue reading
Aging Workforce – Participation of older workers would have to rise significantly to stem the decline in aggregate participation IMF says
Population growth in advanced economies is slowing, life expectancy is rising, and the number of elderly people is soaring. Because older workers participate less in the labor market, the aging of the population could slow growth and, in many cases, threaten the sustainability of social security systems. But, as our research in Chapter 2 of … Continue reading
Participation in US – Despite no sustained increase in the observed labor force participation rate in recent years, there has been a significant cyclical increase
After increasing for nearly four decades, the rate of labor force participation for individuals at least 16 years old began to fall in the first decade of the 2000s, from a peak of 67.1 percent in 2000 to 66.0 percent at the start of the 2007–2009 recession. Between the start of the recession and 2014, … Continue reading
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