Job Market Monitor
Report
China – No acute skills gap, but a lack of soft skills report says
As China moves towards a services- and knowledge-driven economy, one of the main constraints will lie in the ability of its workforce to gain the requisite skills and knowledge to make the transition to a high-income country. There is little evidence to suggest that China suffers from an acute skills gap across wide occupational areas. … Continue reading
Graduates in Non-Graduate Occupations in UK – Many remain in those jobs and lose contact with potential graduate employers
This report considers graduates employed in non-graduate occupations. Using survey data from Futuretrack and Moving On, it compares the early career paths of two graduate cohorts. Those who graduated in 1999 (‘the class of 1999’) are contrasted with those who applied for higher education in 2006 and subsequently graduated in 2009 from a three-year course … Continue reading
Overqualification in Canada among Workers Aged 25 to 64 with a University Degree – 47% have lower literacy skills and 54% have lower numeracy skills
Based on a self-reported measure of overqualification, this article examines the association between overqualification and skills among workers aged 25 to 64 with a university degree, using data from the 2012 Programme for the International Assessment of Adult Competencies (PIAAC). This article also examines the extent to which overqualified workers are dissatisfied with their jobs. … Continue reading
Breadth of Skills – To expand our conception of where and when learning happens
Knowing how to read and write is absolutely essential to interacting with the world, and research has shown that math and science skills are signi cant drivers of productivity. Recent work by economists Eric Hanushek and Ludgar Woessmann nds that if all countries possessed the skill level in these domains of Finland, often a top … Continue reading
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
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