Job Market Monitor
COVID
Post-COVID Skills Mismatch – It is the time to start preparing
The pandemic has transformed working modes. With the ILO estimating that 81% of the global labor force is engaged in a work-from-home experiment, flexible and remote arrangements are likely to become the new normal. In the wake of the crisis, some 75% of global businesses plan to shift at least 5% of employees who previously … Continue reading
COVID and the Self-Employed in UK – Have been hit particularly hard
The Covid-19 shock is one of the largest economic shocks that has taken place in living memory. The crisis has served to highlight the challenges governments face in extending social insurance to self-employed workers, for whom it is difficult to verify work behaviour. Chancellor Rishi Sunak described designing a “deliverable and fair” support package for … Continue reading
COVID, Jobs and Recovery in US – Lockdown of 3 months is going to have long-lasting negative effects on unemployment research finds
In March 2020, the US entered a “lockdown” so as to prevent the spread of the novel coronavirus. The vast majority of residents of the United States have been ordered to stay at home. Most retail businesses have been ordered to shut down. Most workers have been ordered to stay away from their place of … Continue reading
COVID and UBI in US – Next bill could include cash payments of $2,000 per month for Americans ages 16 and older
The White House and congressional leaders are nearing a deal to pump an additional $300 billion into a new program to keep small businesses from shuttering and their employees from facing unemployment as the coronavirus pandemic derails the economy. Even before that deal is completed, talk has turned to a larger economic recovery package that could … Continue reading
COVID and Layoffs un US – 42 percent of recent layoffs will result in permanent job loss research finds
The COVID-19 pandemic and efforts to contain the virus are exacting a staggering economic toll in countries around the world. China’s economy shrank 6.8 percent in the first quarter of 2020 on a year-on-year basis, and Eurozone economies shrank at a 14.8 percent annualized rate. In the United States, nearly 28 million persons filed new … Continue reading
UI Claims in US (week ending May 2) – 3.2 M, which brings the total for the past seven weeks to 33.5 M
The COVID-19 virus continues to impact the number of initial claims and insured unemployment. This report now includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims. In the week ending May 2, the advance figure for seasonally adjusted initial claims was 3,169,000, a decrease of 677,000 from the previous week’s … Continue reading
COVID – Its impact US college majors
The Great Recession led to big changes in what US college students chose to study. The downturn, which started in 2008, led a shift towards more job-oriented majors, at the expense of the humanities and social sciences. After remaining relatively stable over the previous decade, the share of all students majoring in the humanities or … Continue reading
COVID and Labor Market in US – Vacancy postings collapsed by 30% at the same time as initial claims spiked
In this report, we analyse both UI claims data and vacancy data from Burning Glass Technologies to provide a more detailed account of how the labor market evolved over the last weeks. In particular, we ask how broad-based the deterioration in market conditions over the second half of March and the first half of April … Continue reading
COVID and Apprenticeships in European – The aim is not to lose the year, but unsure on the final assessment
Cedefop’s community of apprenticeship experts launched an internal consultation on how European countries are managing apprenticeships in the current health emergency due to the coronavirus pandemic. Twenty five experts contributed to this exercise from: Austria, Belgium (fr, fl, de), Bulgaria, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Lithuania, Malta, the Netherlands, Norway, Poland, Portugal, … Continue reading
COVID and Higher Education in US – Students are 25% more likely to go to a school that has a strong online program
Students are 25% more likely to go to a school that has a strong online program nowthan they were just 90 days ago, but colleges aren’t prepared. [L]ike every other institution, the college system is organized to protect the institution and not serve its primary constituents. Education was never designed for the student: It was … Continue reading
COVID et Perspectives économiques au Canada – Le taux d’emploi de 53,8 % au deuxième trimestre serait le plus faible jamais enregistré depuis le début de la série en 1976
Le DPB a publié sa première analyse de scénario sur les chocs dus à la pandémie de COVID-19 et à la chute des prix du pétrole le 27 mars pour aider les parlementaires à en évaluer les possibles répercussions économiques et financières. Le présent rapport fournit une mise à jour de l’analyse de scénario. Il comprend … Continue reading
COVID and CFOs – More layoffs anticipated and more people will work remotely permanently
How are finance leaders navigating the unprecedented disruptions from coronavirus? An in-depth analysis of the biweekly results and key implications. Key findings Back-to-work playbooks reshape how jobs performed 49% say remote work is here to stay for some roles, as companies plan to alternate crews and reconfigure worksites. Protecting people top of mind 77% plan … Continue reading
COVID, Low-Wage Earners and Upskilling – We want front line workers a chance to climb the occupational ladder
After World War Two, America expressed its gratitude to returning veterans by supporting their education. We subsequently renewed and made permanent these well earned benefits for veterans. We should do the same today for the people who are on the front line: grocery workers, food delivery workers, restaurant workers, building cleaners, hospital orderlies, EMTs, and … Continue reading
COVID and Skills – How should you rethink your talent strategy ?
How should you rethink your talent strategy so that you have the people you need when the recovery starts? CEOs will be faced with difficult people decisions. However, given the importance of talent in accelerating progress, it’s critical to adopt a through-cycle mindset on people—not just in keeping the right talent but also in building … Continue reading
COVID and Income Support in Canada – 731,000 jobless women and 681,000 jobless men were without CERB or EI in April
5.3 million women and 3.4 million men were jobless in April. This is up from 1.7 million women and 1.3 million men in March. In April, 14% of jobless women and 20% of jobless men had no income supports. As a result, 731,000 jobless women and 681,000 jobless men were without CERB or EI in … Continue reading
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