Job Market Monitor
Economy
Digital Revolution – More than 90% of employers expect their organization to be impacted Manpower Group finds
Plenty has been written predicting the future: more jobs, different jobs, less jobs, even no jobs. But few are telling people that they will need new skills and they will need them more often to stay employable for jobs we may not even have heard of yet. WE ASKED 18,000 EMPLOYERS IN 43 COUNTRIES ABOUT: … Continue reading
Employment in EU, 2017-Q1 : Up by 0.4%
Employment up by 0.4% in both the euro area and in the EU28, +1.5% and +1.4% respectively compared with the first quarter of 2016. The number of persons employed increased by 0.4% in both the euro area (EA19) and in the EU28 in the first quarter of 2017 compared with the previous quarter, according to … Continue reading
Participation rate of 55 and over In Canada – Increased from 24% to 38% from 1996 to 2016
Since 2007—prior to the economic downturn of 2008/2009—the overall labour force participation of Canadians declined by about two percentage points. The first part of the study investigates the extent to which aging affected changes in labour market participation rates since 2007, based on data from the Labour Force Survey (LFS). In the second part, the … Continue reading
Job Report 2016 in Canada – People 55 and older had the fastest annual rate of employment growth (+146,000 or +4.1%)
People 55 and older had the fastest annual rate of employment growth in 2016 (+146,000 or +4.1%).This reflects population shifts related to the baby-boomer cohort, which began transitioning into the 55 and over age group around the turn of the 21st century. Both the population and employment growth rates for people 55 and older have … Continue reading
Job Report, US, April 2017 – Total nonfarm and unemployment rate was little changed at 4.4 percent
Total nonfarm payroll employment increased by 211,000 in April, and the unemployment rate was little changed at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in leisure and hospitality, health care and social assistance, financial activities, and mining. Household Survey Data Both the unemployment rate, at 4.4 percent, and the … Continue reading
Job Report, Canada, April 2017 – The lowest unemployment rate since October 2008
Employment was little changed in April, while the unemployment rate declined 0.2 percentage points to 6.5%, the lowest rate since October 2008. The decrease was mostly the result of fewer youth searching for work. Compared with 12 months earlier, there were 276,000 (+1.5%) more people employed and the unemployment rate was 0.6 percentage points lower. Over the same period, the total number of hours worked … Continue reading
FedViews – The April jobs report left little doubt that the economy has reached full employment
The April jobs report left little doubt that the economy has reached full employment. Unemployment fell to 4.5% in March, below most estimates of its sustainable level in a healthy economy, or the natural rate. Other indicators also point to stronger conditions. For example, the number of workers who reported being involuntarily part time employed … Continue reading
US – Income volatility is the result of broad shifts in the labor market
The lack of access to stable, predictable cash flows is the hard-to-see source of much of today’s economic insecurity. We came to understand this after analyzing the U.S. Financial Diaries (USFD), an unprecedented study to collect detailed cash flow data for U.S. households. From 2012 to 2014 we set up research sites in 10 communities across the country. The USFD research … Continue reading
Industrial Production in Europe – Down by 0.3% in euro area, down by 0.2% in EU28
In February 2017 compared with January 2017, seasonally adjusted industrial production fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In January 2017 industrial production rose by 0.3% in both zones. Chosen excerpts by Job Market Monitor. Read the … Continue reading
The disconnect between growth and employment (video) – ILO’s World Employment and Social Outlook: Trends 2017
Growth continues to disappoint, both in terms of its level but also in terms of its ability to make important inroads to making growth more inclusive. The ILO’s World Employment and Social Outlook – Trends 2017 highlights the challenges for the coming year in jobs and the labour market. Chosen excerpts by Job Market Monitor. Read … Continue reading
Environment – The greening of economies will require a mix of macroeconomic, industrial, sectoral, labour market and skills policies
The greening of economies through public and private investments in the context of sustainable development and poverty eradication will require a mix of macroeconomic, industrial, sectoral, labour market and skills policies. These investments in the formal and informal sector will create and enable sustainable enterprises to prosper. Paying close attention to skills development for the transition to environmentally … Continue reading
Unemployment in the Euro area, February 2017 – At 9.5%, with 3.905 million young persons
The euro area (EA19) seasonally-adjusted unemployment rate was 9.5% in February 2017, down from 9.6% in January 2017 and from 10.3% in February 2016. This remains the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.0% in February 2017, down from 8.1% in January 2017 and from 8.9% in … Continue reading
The Fourth Industrial Revolution – This transformation is going to change the way we produce goods, provide services, and collaborate with our colleagues
The final panel, moderated by Tilak Agerwala, formerly of IBM, focused on the human-technology frontier. It opened with a presentation by Fay Cook of the National Science Foundation (NSF), who spoke about work at the human-technology frontier. “We are on the cusp of major transformations in work and the workplace driven by new and emerging … Continue reading
Unemployment Rate in Europe, January 2017 – 9.6% for the Euro Area, 4.017 million young persons overall
The euro area (EA19) seasonally-adjusted unemployment rate was 9.6% in January 2017, stable compared to December 2016 and down from 10.4% in January 2016. This remains the lowest rate recorded in the euro area since May 2009. The EU28 unemployment rate was 8.1% in January 2017, down from 8.2% in December 2016 and from 8.9% … Continue reading
The three-fold effects of technology and globalization on labor markets
The effects of technology—especially digital innovation—and globalization on labor markets are three-fold. The first effect is disruption as jobs relocate to take advantage of lower costs, evolve to entail different tasks, or undergo wholesale change with the elimination of old jobs and the emergence of new ones. Disruption is a permanent feature of any dynamic … Continue reading
