Job Market Monitor
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Covid and Labor Earnings in US – $254 billion in lost aggregate earnings, 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
Earnings of Grads in UK – Overall estimates obscure important heterogeneity in returns across subjects
This report provides estimates of the earnings returns to completing postgraduate degrees, for British and Northern Irish students studying in Britain. We use the Longitudinal Education Out- comes (LEO) dataset to account for differences in individuals’ background and prior university attainment to estimate the impact of postgraduate qualifications on earnings at age 35, relative to … Continue reading
Earnings of Grads by detailed fields prior to COVID-19 in Canada – Three new studies
The COVID-19 lockdown has resulted in record youth unemployment rates, which could adversely affect postsecondary graduates for years to come. Although it is too early to know which graduates will be worst hit, students entering college or university and having to select a program might benefit from knowing how well graduates from specific academic disciplines fared … Continue reading
How Much do Grads Make in Canada – Vary widely by field of study with the top fields earning between 40% and 60% more
Five years after gradation, earnings vary widely by field of study within credentials, with the top fields earning between 40% and 60% more than graduates from fields with the lowest earnings. On average, graduates in Architecture, engineering and related technologies earn the most among college-level certificate, college-level diploma and bachelor’s degree students five years after graduation … Continue reading
Area of Study and Earnings – Engineering, construction and business and law have a strong impact but not arts and media
In this paper, we investigate the relationship between labour market outcomes and vocational qualifications disaggregated by subject area of study. Using individuals holding vocational qualifications in any subject at the level below as their highest level of achievement in the Regulated Qualifications Framework (RQF) as the counterfactual group, we find that gaining vocational qualifications in … Continue reading
Family Income and Higher Education in Canada – Larger increase in earnings among youth from lower-income families
A postsecondary education has been identified as a key factor in labour market success, but youth from lower income families are far less likely to pursue a college or university education than their counterparts from higher income families. To address this gap, student loans and grants, as well as education savings incentives are largely designed … Continue reading
Higher VET Earnings in UK – Early earnings differential associated with high-level vocational/technical education tends to disappear by the age of 30 study finds
Using rich administrative data for a full cohort of English secondary school leavers (2002/03 academic year), we compare earnings of people with higher vocational/technical qualifications to the earnings of degree holders at the age of 30, while controlling for prior attainment and background characteristics. We find that by the age of 30 the early earnings … Continue reading
Attending university in UK – Increases women’s earnings at age 29 by 26% and men’s by 6%, but this varies hugely
While men who went to university earn 25% more at age 29 than those who did not (but who had at least five good GCSEs), most of that difference can be attributed to the fact that they have better GCSE and A-level results and came from better-off families on average. Going to university in itself … Continue reading
Higher Education and Earnings – Studying the same subject at a different institution can yield a very different premium
Each year more than 350,000 students start Higher Education (HE) degrees in England at a total cost of around £17 billion paid by graduates in repayments on student loans and the taxpayer (Belfield et al., 2017). This represents a significant investment and has the potential to have considerable implications for the students’ later-life outcomes. Students … Continue reading
The labor market in US, 2000–2016 – Recovery from the Great Recession is essentially complete, but there are di cult unemployment and wage issues
In the aggregate the US labor market is doing quite well. Unemployment is currently below 5%, and real weekly earnings of full-time workers increased from the 2000 cyclical peak to the current period of near full employment. The difficulties lie behind the aggregates. Earnings inequality continues to rise, with the growth in earnings most prevalent … Continue reading
Earnings in US – The more you learn, the more you earn
The data, from the 2015 American Community Survey, continue to show that the more you learn, the more you earn. In 2015, median earnings for adult workers without a high school diploma were approximately $21,000 compared with $67,000 for those with a graduate degree. Workers with “some college” or an associate’s degree—the most common level … Continue reading
US – Black workers in particular may have suffered more widespread wage losses
Census Bureau data shows that median earnings for full-time, year-round workers dropped from by nearly 3 percent for men and 1 percent for women between 2009 and 2014. While new data from the Labor Department shows that wage gains have accelerated over the past two years, that trend is only beginning to make up for … Continue reading
College Education in US – Boost to career earnings much lower for individuals who grew up in lower-income families
A college education, it is hoped, will help the children of the poor and working class gain a larger share of the economic pie. But how much does college really pay off for lower-income Americans? Perhaps surprisingly, there has been little research on how family income background influences the career earnings boost from a college … Continue reading
Earnings of Immigrants in Canada – First paid employment of immigrants is a strong predictor of their long-term labour market outcomes
In spite of the role that employers may play in the selection of economic immigrants, little is known about whether and how firm-level characteristics are associated with immigrants’ labour market outcomes over the longer term. As a first step towards providing relevant evidence, this study asks whether there are large gaps between the initial earnings … Continue reading
Literacy, Numeracy and Computer Skills – Substantial returns to ICT skills OECD finds
This paper examines which incremental increases in numeracy skills, literacy skills and skills and readiness in using ICT for problem solving have the biggest impact on employment participation and related labour market outcomes, and how these compare to incremental increases in educational attainment. Using the 2012 PIAAC data, our analysis confirms that there are significantly … Continue reading
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