Job Market Monitor
COVID
Covid and Public Intervention in the Corporate Sector – Actions that support long-term economic resilience and growth, broad-based improvements in living standards, while minimizing the costs to the public
The coronavirus pandemic, by dramatically changing con- sumption patterns and business operations, is triggering a major corporate solvency crisis in many countries. Apart from policies directly supporting employment, initial policy responses to support businesses focused heavily on liquidity issues. Some liquidity support is still needed, but the crucial issue now is solvency. Policymakers need to … Continue reading
Covid and Young Adults in US – 52% are living with their parents
The share of 18- to 29-year-olds living with their parents has become a majority since U.S. coronavirus cases began spreading early this year. Chosen excerpts by Job Market Monitor. Read the whole story @ 52% of young adults in US are living with their parents amid COVID-19 | Pew Research Center
Covid and Higher Education Students in US – 51% of currently enrolled students report that COVID-19 is “very likely” or “likely” to impact their ability to complete their degree
Higher education has faced unprecedented challenges amidst COVID-19. Throughout 2020, many students have transitioned between in-person and remote learning as schools continue to navigate the pandemic. In the fall of 2020, Lumina Foundation and Gallup partnered to survey 2,064 students currently pursuing their associate degree and 3,941 pursuing their bachelor’s degree and assessed: How has … Continue reading
Covid and Unemployment in US – Broader measures of labor market underutilization
We know that tens of millions of people are currently out of work in the United States. More than 26 million workers filed for unemployment benefits between mid-March and mid-April alone. The most popular measure of the strength of the labor market is the unemployment rate. Forecasts for how much it will rise in the … Continue reading
Covid – Will it accelerate automation?
Less globalisation, more automation: the economic crisis induced by pandemic is likely to encourage a surge of labour-replacing technology. That will be disruptive, unequal and challenging for workers.Workers in developing countries are already jittery with worries ranging from “rebound” outbreaks and lay-offs to the onset of cabin fever. As if workers don’t have enough on … Continue reading
Postes Vacants au Québec en Pandémie (octobre 2020) – Plus de 144 000 postes vacants avec un taux de 4,0%
Premier aperçu des postes vacants depuis le début de la crise économique Pendant que les entreprises continuaient à s’adapter aux exigences de santé publique, les employeurs canadiens recrutaient activement pour doter environ 551 900 postes en octobre (données non désaisonnalisées). En octobre, le taux de postes vacants mensuel — c’est-à-dire le nombre de postes vacants en proportion de tous les … Continue reading
COVID – Two-thirds of company leaders say their organizational cultures currently place a high or very high value on learning
In a new survey, leaders say the pandemic has alerted them to the urgency of getting learning programs right. Yet companies are falling short in delivering outcomes, and executives can do more to support capability-building efforts. Across the globe, company leaders report that the value of capability building has increased dramatically since the start of … Continue reading
Covid in Toronto – About 30% are struggling to pay essentials, like rent, food, and utilities
The Toronto Fallout Report captures seven months in the life of the COVID-19 pandemic in our city. This report applies an equity lens to data, issues and the analysis of the research. It documents the disproportionate impacts of COVID-19 on marginalized populations and the organizations that serve them. At the same time, it surfaces the … Continue reading
Covid and Self-Employed in UK – 58 per cent reporting having less work than usual in August
Six months after Covid-19 first hit, it is clear that it is the greatest economic crisis of the modern age. The economy has contracted far more rapidly than in previous crises, with GDP dropping by a record 19.5 per cent in April, and despite four subsequent consecutive monthly increases since then, remaining 9.2 per cent … Continue reading
Learning through Lockdown in UK – 22 million people or 43%, but participation varied enormously across different groups
The 2020 Adult Participation in Learning Survey explores people’s experiences of learning since the outbreak of the Coronavirus pandemic and the national lockdown introduced on 23 March 2020. This includes why people chose to learn through lockdown, how they learnt, the barriers they experienced, and their intentions to continue learning in the future. The survey … Continue reading
Covid and Limits on Movement and Public Gatherings – Making the realization of rights to freedom of association and collective bargaining more difficult ILO says
Fundamental principles and rights at work can play a vital role in building effective, consensus-based responses that support recovery from the COVID-19 crisis and help build back a better, more just, world of work, a new International Labour Organization (ILO) paper says. However, the paper also warns that the crisis has placed these same freedoms … Continue reading
Covid and Jobs in UK – 9 per cent of those previously furloughed had lost their jobs
This report presents new evidence on the effects of the coronavirus crisis on workers. It uses the results of a new survey of 6,000 working-age adults to highlight which groups have struggled the most as the crisis has evolved, who is at risk as the Coronavirus Job Retention Scheme is replaced by the Job Support … Continue reading
Covid and Labor Earnings in US – $254 billion in lost aggregate earnings losses entirely concentrated among individuals who lost their complete labor incomes due to job loss
Using data from the Current Population Survey (CPS), the ofcial source of labor market statistics in the United States, and implementing a regression approach in order to isolate the impact of the pandemic from seasonal and annual patterns, we fnd that weekly labor earnings per adult fell by nearly $100 between February and April, with … Continue reading
Covid, Work and Automation in UK – Industries with the highest level of furlough take-up are considerably more likely to be at risk
Covid-19 looks likely to create ‘a tsunami of job losses’. There are also signs the pandemic could rapidly accelerate the pace of technological change. This report explores how these forces could interact to fundamentally reshape the labour market. We set out a risk register that combines an analysis of the impacts of the pandemic on … Continue reading
Covid and Healthcare Sector in UK – Increasing recruitment over the next 6 months and frozen training activities
The pressure of working in the healthcare sector during the pandemic has led to many staff retiring or resigning. Several professionals have become ill themselves which has resulted in long-term sick leave and in some cases death. This has meant that roles have become vacant and skills gaps have occurred. As a result, nearly half … Continue reading
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