Job Market Monitor
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US – Union boost to nonunion pay has weakened
Pay for private-sector workers has barely budged over the past three and a half decades. In fact, for men in the private sector who lack a college degree and do not belong to a labor union, real wages today are substantially lower than they were in the late 1970s. In the debates over the causes … Continue reading
Tomorrow’s Jobs – Explore the world of work in 2025 by The Future Laboratory and Microsoft
Explore the world of work in 2025 in a revealing evidence-based report by future consultants The Future Laboratory and Microsoft, which identifies and investigates ten exciting, inspiring and astounding jobs for the graduates of tomorrow – but that don’t exist yet. Virtual Habitat Designer By 2025, virtual habitat design will offer some of the most … Continue reading
Employability – Education and training systems, labour markets, workers and workplaces will have to become more adaptable OCDE’S report says
Skill requirements are changing rapidly as a result of structural shifts 1. The speed and nature of globalisation, technological change and innovation, changes in work organisation, environmental change and demographic trends take very different forms across G20 countries. But in all of them, they are affecting what kind of work is done, who carries it … Continue reading
Digitalisation in the US – Significantly higher risk of job losses for workers with low wages
Digitalisation has a substantial impact on the labour market, by modifying skills needed, working conditions and job dynamics in the US. Concerning skills needs, individuals need new digital skills to respond to employers’ needs, but also to function well in society as whole. These skills range from basic digital literacy to advanced technical skills. Moreover, … Continue reading
The Teacher Pay Gap in US – Wider than ever
What this report finds: The teacher pay penalty is bigger than ever. In 2015, public school teachers’ weekly wages were 17.0 percent lower than those of comparable workers—compared with just 1.8 percent lower in 1994. This erosion of relative teacher wages has fallen more heavily on experienced teachers than on entry-level teachers. Importantly, collective bargaining … Continue reading
US – The erosion in labor mobility and entrepreneurship since 2000 can be more accurately explained by weak demand
Academics and policymakers have recently focused on a worsening economic phenomenon commonly referred to as the decline in “business dynamism,” that is, the declining rate at which new businesses are formed and the rate at which they grow. This decline in dynamism and entrepreneurship accompanies a decline in overall labor market mobility, including quits and … Continue reading
Skills – There is a greater demand for socio-emotional skills and higher-order cognitive skills than for basic cognitive or technical skills
Educators believe that they are adequately preparing youth for the labor market while at the same time employers lament the students’ lack of skills. A possible source of the mismatch in perceptions is that employers and educators have different understandings of the types of skills valued in the labor market. Using economics and psychology literature … Continue reading
Egypt – The problem of youth unemployment particularly affects university graduates
Put simply, youth unemployment is an issue that the Egyptian government must deal with urgently, undertaking immediate reforms and directing its full resources toward addressing it. It is unlikely that reforms will solve the issue right away, but if the government’s focus does not fully shift toward dealing with the problem, it and future governments … Continue reading
Income Inequality in the US in 2013 – The top 1 percent of families nationally made 25.3 times as much as the bottom 99 percent
While economic inequality has been one of the hottest topics this presidential campaign season, much of the focus has been on the fortunes of the top 1 percent at the national level. This report, our third annual such analysis, uses the latest available data to examine how the top 1 percent in each state have … Continue reading
Canada – Layoff rates vary across economic regions to a greater extent than hiring rates
Regardless of general economic conditions, a large volume of worker reallocation across employers takes place each year. For instance, even though the number of employees aged 18 to 64 remained virtually unchanged at 13.2 million from January 2009 to January 2010, 2.4 million individuals were hired in 2009 (Table 1). During that year, 0.9 million … Continue reading
Apprenticeship in UK – Only 7% of 13-18 year olds said they plan to do it
With university tuition fees and maintenance fees averaging £40,000 for a three year course in England according to UK government statistics, there has been a great deal of debate over the value of university degrees, and the merits of other alternatives open to young people making their decision on what to do after leaving formal … Continue reading
The decline in prime-age male labor force participation in US – A White House report
For more than sixty years, the share of American men between the ages of 25 and 54, or “prime- age men,” in the labor force has been declining. This fall in the prime-age male labor force participation rate, from a peak of 98 percent in 1954 to 88 percent today, is particularly troubling since workers … Continue reading
Gender Gap in Scientific Occupations in Canada – From 1991 to 2011, the proportion of women in scientific occupations requiring a university education rose from 18% to 23%
This article provides information on women aged 25 to 64 in natural and applied sciences occupations in Canada (i.e. scientific occupations), using data from the 1991 and 2001 censuses and the 2011 National Household Survey (NHS). The employment conditions of men and women in these occupations are also examined, based on data from the Labour … Continue reading
Millennials have one foot out the door Deloitte’s survey finds
Millennials, in general, express little loyalty to their current employers and many are planning near-term exits, according to Deloitte Touche Tohmatsu Limited’s fifth annual Millennial Survey. This remarkable absence of allegiance represents a serious challenge to any business employing a large number of Millennials, especially those in markets—like the United States—where Millennials now represent the … Continue reading
The Class of 2016 in US – High school graduates unemployment at 17.9 percent
This paper focuses on recent high school (age 17–20) and college graduates (age 21–24) who are not enrolled in further schooling. We analyze their employment, enrollment, and wage trends in order to glean the Class of 2016’s economic prospects as they start their careers. Due to the progression of the economic recovery and a substantial … Continue reading
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