Job Market Monitor
Report
US – The 2015 Economic Report of the President on the labor market
Chapter 3 of [The 2015 Economic Report of the President] addresses the opportunities and challenges facing the U.S. labor market. The sharp drop in unemployment in 2014 came amid a stabilization in the labor force participation rate and the strongest annual job growth since the 1990s as businesses added more than 3 million jobs. But … Continue reading
Advanced industries in US – 12.3 million workers, 9 percent of total U.S. employment
Advanced industries represent a sizable economic anchor for the U.S. economy and have led the post-recession employment recovery Modest in size, the sector packs a massive economic punch: As an employer and source of economic activity the advanced industry sector plays a major role in the U.S. economy. as of 2013, the nation’s 50 advanced industries … Continue reading
Employment Insurance (EI) in Canada – The rate of eligibility was 85.8% in 2013, up from 81.9% StatCana finds
The rate of eligibility for receiving regular Employment Insurance (EI) benefits in 2013 was 85.8%, up from 81.9% in 2012. To be eligible to receive regular benefits, unemployed individuals must have contributed to the EI program, met the criteria for job separation and accumulated enough insurable hours (see note to readers). Increases in eligibility rates for regular EI benefits from 2012 to 2013 were … Continue reading
Automotive Jobs in Canada – Since 2001, more than 53,000 jobs have been lost
The automotive industry’s contributions to the Canadian economy have declined significantly compared to the years between the late 1990s and mid-2000s when automotive manufacturing accounted for eleven per cent of total manufacturing GDP (Sweeney, 2013). While employment in the automotive industry has decreased since 2000, and production capacity in several segments has declined, the industry … Continue reading
Richest 1% will own more than the rest of the world by 2016
The explosion in inequality is holding back the fight against global poverty according to a new Oxfam report, Wealth: Having it all and wanting more, the combined wealth of the richest 1 per cent will overtake that of the other 99 per cent of humanity next year unless the current trend of rising inequality is … Continue reading
The long-term employment challenge – The productivity solution
Global employment growth has been slowing for more than two decades. By around 2050, our research finds, the global number of employees is likely to peak. In fact, employee headcounts are already declining in Germany, Italy, Japan, and Russia; in China and South Korea, they are likely to begin falling as early as 2024. While … Continue reading
Canada – Excluding pension assets, family units with RPP assets had a median net worth of $210,600 in 2012 StatCan finds
This study compares the wealth holdings of family units covered by workplace pension plans with those of other family units. It focuses on families and unattached individuals who had no significant business equity and whose major income recipient was aged 30 to 54 and employed as a paid worker. The paper also examines whether wealth … Continue reading
Gender Pay Gap in US – On average in 2013, women made 82 percent of the median weekly earnings of male full-time wage and salary workers BLS finds
In 2013, women who were full-time wage and salary workers had median usual weekly earnings of $706. On average in 2013, women made 82 percent of the median weekly earnings of male full-time wage and salary workers ($860). In 1979, the first year for which comparable earnings data are available, women earned 62 percent of … Continue reading
US College Admissions Process – Selling Students to the Highest Bidders
The U.S. college admissions process is expensive and stressful, for everyone from high-achieving high school students to first-generation adult learners. It is also surprisingly ineffective — only about 30% of students headed to a four-year college graduate from that college within six years (about 40% take longer or don’t graduate at all, and about 30% … Continue reading
Global Talent – High level of willingness to work abroad Boston Consulting Group and The Network find
Together, The Boston Consulting Group and The Network conducted research on today’s global workforce—everything from what people in different parts of the world expect of their jobs to what would prompt them to move to another country for work to the countries they would consider moving to. More than 200,000 people from 189 countries participated … Continue reading
TI at the Workplace in US – 46% Feel more productive Pew Research Center finds
The internet and cell phones have infiltrated every cranny of American workplaces, and digital technology has transformed vast numbers of American jobs. Work done in the most sophisticated scientific enterprises, entirely new technology businesses, the extensive array of knowledge and media endeavors, the places where crops are grown, the factory floor, and even mom-and-pop stores … Continue reading
Social Media in 2014 in US – Facebook remains by far the most popular, Twitter and LinkedIn saw significant increases Pew Research Center finds
In a new survey conducted in September 2014, the Pew Research Center finds that Facebook remains by far the most popular social media site. While its growth has slowed, the level of user engagement with the platform has increased. Other platforms like Twitter, Instagram, Pinterest and LinkedIn saw significant increases over the past year in … Continue reading
Apprenticeship in US – A strong intermediary is key to a strong program report finds
As detailed in the recent Center for American Progress report, “Training for Success: A Policy to Expand Apprenticeships in the United States,” apprenticeship is a workforce-training model that combines on-the-job training with classroom- based instruction and has been proven to benefit employers, employees, and the overall economy. Apprenticeships allow businesses to meet the growing demand … Continue reading
Hays Global Skills Index – The global talent crisis is continuing to worsen
The global talent crisis is continuing to worsen. Across the globe we are seeing organisations fighting to find employees with the necessary skills and training. The Hays Global Skills Index 2014 reflects growing pressure in the skilled labour markets as the global economy recovers. Taken as a whole, labour market conditions tightened across the countries … Continue reading
US – Less households “at risk” of being unable to maintain their standard of living in retirement
The release of the Federal Reserve’s 2013 Survey of Consumer Finances (SCF) is a great opportunity to reassess Americans’ retirement preparedness as mea- sured by the National Retirement Risk Index (NRRI). The NRRI shows the share of working-age households who are “at risk” of being unable to maintain their pre-retirement standard of living in retirement. … Continue reading
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