COVID

Reskilling and Upskilling – Guidelines on Rapid Assessment in response to the COVID-19 crisis

Skills development has an important role to play in the immediate effort to lessen the impact of COVID-19 while the pandemic is active, in building the resilience of workers and firms, and in preparing for recovery. Time is of the essence in this response, to help speed recovery from recession, to get people back to … Continue reading →

COVID in Australia : JobKeeper Payment – There are compelling arguments to maintain it report says

The JobKeeper Payment is one of the largest fiscal and labour market interventions in Australia’s economic history. The JobKeeper Payment was developed in the second half of March in response to a steep deterioration in economic activity and employment. JobKeeper had three objectives: supporting business and job survival, preserving the employment relationship, and providing needed … Continue reading →

COVID, Reskilling and Upskilling – 42% of companies stepped up their investment while 42% of employees have pursued training on their own after the coronavirus outbreak

Employee reskilling and upskilling training is in the spotlight. Learn how and why companies reskill and upskill their workforce and what employees think. In late 2019, the World Economic Forum issued an alert. Lack of skills was keeping CEOs awake at night. The only way to bridge the skills gap is through upskilling or reskilling … Continue reading →

Covid and Women’s Labour Force Participation in Canada – Pandemic threatens decades of gains

COVID downturn sees job losses eclipse those of any other recession Canada has been roiled by a recession unlike any other – one distinguished not just by the overall magnitude of damage it has inflicted on the economy but by the specific, unprecedented blow it has dealt to women. In a matter of months, the … Continue reading →

COVID in Canada – The impact on manufacturing

The COVID-19 pandemic and resulting measures to prevent its spread (social distancing, travel restrictions, school and business closures) have led to unprecedented job loss and economic upheaval across Canada. Data from the Labour Force Survey (LFS) confirm that the economic impact of this health crisis affects different sectors in unique ways. Previous LMI Insight Reports … Continue reading →

COVID in US and Job Training – How does it matter ? (video)

COVID and Unemployment in US – Those without a college degree have experienced the most severe impact

Since COVID-19 hit the United States, more than 20 million American workers have become unemployed and countless others have left the labor force altogether. While the labor market disruptions have affected workers in a wide set of industries and occupations, those without a college degree have experienced the most severe impact. Addressing gaps in educational … Continue reading →

COVID au Québec – Une surmortalité observée

La COVID-19 continue d’avoir des répercussions sans précédent sur les Canadiens. Statistique Canada a adopté, et continue d’adopter, de nouvelles façons de travailler afin de fournir aux Canadiens les données et les renseignements dont ils ont besoin pour réagir à la COVID-19. Pour continuer de répondre aux besoins en matière de renseignements plus actuels, un ensemble … Continue reading →

Covid and OECD Economic Outlook for Canada – Annual output is projected to shrink by 9.4% in 2020

Annual output is projected to shrink by 9.4% in 2020 in the event of a second virus outbreak and related shutdown, and by 8% if recovery is uninterrupted. The rebound will not be dynamic enough for output to attain pre-COVID-19 levels by the end of 2021 under either scenario. Similarly, the rate of unemployment will … Continue reading →

COVID and the Global Economy – The worst recession since World War II with a drop 5.2% this year says the World Bank

World Bank Global Economic Prospects forecasts say global economy will shrink 5.2% this year, using market exchange rate weights. The swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% … Continue reading →

COVID, la Reprise de l’Emploi – Pour une politique nationale de capital humain en passant de la consultation à la concertation

Une des choses que je retiens dans les papiers que vous allez publier, c’est que les gouvernements ne pourront pas éternellement soutenir tout le monde. Mieux vaut investir que soutenir. Qu’entendez-vous par là? Tous ces programmes qui ont été mis en place, c’était justifié, c’était nécessaire. Mais on ne peut pas soutenir l’économie et les … Continue reading →

COVID en France – Formations des chômeurs durant le confinement maintenues pour 2/3

Entre le 8 et le 25 avril 2020, la Dares a sollicité les demandeurs d’emploi en formation pour recueillir leurs avis sur le déroulement des formations durant la crise sanitaire du coronavirus. L’enquête a été menée via un questionnaire en ligne et une interview téléphonique, en cas d’absence de réponse en ligne. Ainsi, 5 600 … Continue reading →

Labor Market Impacts of the Covid in US – Reductions in employment, and the associated increases in employment exit rates and decreases in hiring rates, were disproportionately concentrated in low-wage jobs

We study the distributional consequences of the Covid-19 pandemic’s impacts on employment. Using data through April 2020 from the Current Population Survey (CPS) — the primary source of labor force statistics for the United States — we document three key facts. First, we show that the pandemic-induced reductions in employment, and the associated increases in … Continue reading →

COVID and Post-Secondary Education – Canada’s advantage in international student attraction is at risk

For Canada to remain a global education leader that continues to attract the world’s brightest, our institutions will need to differentiate themselves says RBC Thought Leadership. Canadian institutions historically lacked the resources or expertise to fully develop online learning About 16% of university and 12% of college students learned primarily online in 2019, while more … Continue reading →

COVID and the Economy in US – CBO projects that over the 11-year horizon, cumulative real output will be $7.9 trillion lower

The two largest differences between the two forecasts result from the economic effects of the COVID-19 pandemic in reducing output and the legislation enacted between January and early May in response, which partly offsets that reduction. Real GDP The revised forecast for nominal GDP reflects a significant markdown in CBO’s projection of real (inflation-adjusted) production … Continue reading →