Job Market Monitor
Employment
ILO’s World employment and social outlook (2025) – Strong headline employment indicators hide persistent structural weaknesses on global labour markets
This report provides an in-depth analysis of global labour market trends, highlighting the impacts of slowing economic recovery, persistent youth unemployment, and gender disparities. It examines the structural challenges facing workers worldwide and offers insights into regional and global patterns shaping the future of work. For the first time, it offers an analysis of subnational … Continue reading
What will work be like in the future? BCG engaged with more than 150 futurists
What will work be like in the future? To build an understanding of what the next five decades may hold in store for workers, BCG engaged with more than 150 futurists through panel discussions and opinion surveys. Contrary to popular fears that the future will offer fewer work opportunities for people, most experts anticipate that … Continue reading
Job Growth in Canada – Governments outpace and the private sectors in 8 provinces
● Several past analyses published by the Fraser Institute have shown that in recent years net job creation in the government sector has dramatically outstripped private-sector job creation. ● This publication updates these data, showing that during the recession brought on by the COVID- 19 pandemic and the following recovery (2019–2023), government employment has increased … Continue reading
The Evolution of Work and Tasks from 1950 to 2000 in US – A substantial fraction of total changes occurring within narrowly defined job titles
Using the text from job ads, we introduce a new dataset to describe the evolution of work from 1950 to 2000. We show that the transformation of the US labor market away from routine cognitive and manual tasks and toward nonroutine interactive and analytic tasks has been larger than prior research has found, with a … Continue reading
Job Report in UK (2023) – The labour market has continued to cool
This morning we got (almost) the full set of labour market data up to the end of 2023. The release sheds light on a whole host of important policy issues, from how tight the labour market is to the scale of the rise in worklessness due to ill health. So, what have we found out? … Continue reading
Job Report in Canada – Surging population growth and GDP is on track to post a 7th consecutive per-capita decline
The Canadian labour market data is notoriously volatile, but details underlying the January upside employment growth (and downside unemployment rate) surprise were also firm. The increase in hours worked is consistent with GDP ticking higher early in 2024, and adds to early signs that housing markets have perked up. Growth in the economy still looks … Continue reading
Canada – Students and new graduates are bearing the brunt of the labour market downturn
The magnitude and pace of Canada’s rising unemployment rate are consistent with trends observed during past recessions. Unlike prior recessions, though, the increase to-date has come without a surge in layoffs – it’s rather taking more time to absorb newly available workers as the population grows rapidly. But it’s students and new graduates rather than … Continue reading
Employment in EU (2023 edition) – Labour markets have demonstrated remarkable resilience in 2022
In the light of the importance of skills for the EU economy and the European Year of Skills, the 2023 annual Employment and Social Developments in Europe (ESDE) review, entitled “Addressing labour shortages and skills gaps in the EU”, provides evidence on persistent labour shortages and changing skills needs in the EU. The report considers … Continue reading
Monetary Policy and Labor Market – Employment response roughly twice as large when supply taken into account
“Policies to support labor supply are not the domain of the Fed: Our tools work principally on demand.” –Federal Reserve Chairman Jerome Powell, November 30, 2022 This paper offers new empirical evidence of a sizeable labor supply response to monetary policy. Using high-frequency identified monetary policy shocks from FOMC announcements and Fed Chair speeches, … Continue reading
Ireland’s National Skills Bulletin 2022 – The growth in employment has not only led to an intensification of existing skills shortages, but also the emergence of additional shortages across a range of occupations
Source : National Skills Bulletin 2022
Other EU nationals in the UK – 2.32 M nationals of them working, just over 7 per cent in 2017
This briefing paper provides an overview of nationals of other EU countries who are working in the UK: how many are employed in the UK, what kind of work do they do and where do they live, and how numbers have changed over time. In the first quarter of 2017, there were 2.32 million nationals … Continue reading
Job Report in US (July 2022) – Total nonfarm payroll employment rose by 528,000 and unemployment edged down to 3.5 percent
Total nonfarm payroll employment rose by 528,000 in July, and the unemployment rateedged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Jobgrowth was widespread, led by gains in leisure and hospitality, professional andbusiness services, and health care. Both total nonfarm employment and the unemploymentrate have returned to their February 2020 pre-pandemic … Continue reading
Job Report in US (June 2022) – Employment rose by 372,000 unemployment remained at 3.6 percent
Total nonfarm payroll employment rose by 372,000 in June, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, leisure and hospitality, and health care. Household Survey Data The unemployment rate was 3.6 percent for the fourth month in a row, and the … Continue reading
Employment in Europe in 2021 – Lockdown transforms labour markets
The COVID-19 pandemic continued to be a defining force in the lives and work of Europeans for a second year in 2021, and Eurofound continued its work of examining and recording the many and diverse impacts across the EU Member States. Living and working in Europe 2021 provides a snapshot of the changes to employment, work and … Continue reading
Job Report in US (May 2022) – Employment rose by 390,000 and unemployment remained at 3.6 percent
Total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing. Employment in retail trade declined. Household Survey Data In May, the unemployment … Continue reading
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