Job Market Monitor
Higher Education
Non-Cognitive Skills – University education has significant effects study finds
Recently, a public debate has emerged on whether universities teach the right skill-sets that prepare students for a continuously changing and globally expanding labor market. Various articles from leading scholars and journalists emphasize that university education falls short of teaching students creativity, socioemotional skills, attributes of ownership, and the ability to learn on the fly. … Continue reading
Grads in France – They obtain on average about 82% of their potential earnings after three years
It is no longer the norm for an individual leaving full-time education in France to obtain a job on a standard employment contract. Typically a young person will spend a number of years moving between fixed-term contracts, special employment measures and, in some cases, unemployment1. However young persons do not remain young, and at some … Continue reading
Grads in US – 51 Percent feel underemployed
Why do new college graduates end up so disillusioned, underemployed and undervalued after a couple years of work? The Accenture Strategy 2016 U.S. College Graduate Employment Study highlights the disparity between new graduate expectations and the reality of the working world, and examines how employers can improve the employee experience to attract and retain top … Continue reading
Grads in UK – A significant difference between their expectations and their experiences
For the second year in a row, the results of the Accenture Strategy UK University Graduate Employment Study highlight a significant difference between the expectations of new university graduates and the experiences of recent graduates. The class of 2016 is entering the workforce with confidence in how they have been prepared and great expectations for … Continue reading
Higher Education and Job in India – 27 Grads for each new job
The discourse on jobs has captured popular imagination in recent months. The availability of reliable data on employment in India, on the other hand, has always been sparse but we have culled out data from various government surveys (Labour Bureau, National Sample Surveys), from the Central Bank, the IT industry body and others to arrive … Continue reading
Higher Education in US – Eight economic facts
The higher education sector itself is an important piece of the U.S. economy. In the fall of 2013, institutions of higher education that participated in Title IV federal financial aid programs employed almost 4 million people. The higher education sector also confers a large advantage to the United States in the global market for talent. … Continue reading
Overqualified Grads in US – 25 percent in 2015 based on a “good-fit jobs” approach
Recent studies have claimed that as many as 48 percent of college graduates are overqualified for the jobs they have, but this figure seems inconsistent with their comparatively higher earnings relative to earnings of workers without a college degree. To obtain that high mark, those studies classify many occupations that pay well as being a … Continue reading
Graduate Outcomes in UK – For all subjects by university
Employment outcomes across HEIs and subjects Figure 5 shows the distribution of each institution’s proportion of graduates in sustained employment, further study or both five years after graduation. While median proportions lie consistently between 75% and 85% across subjects, there is significant variation within subjects. For Subjects Allied to Medicine (excluding Nursing), for example, the … Continue reading
Genetic score that predicts education is also associated with higher wages, but only among individuals with a college education
Economists generally accept that the skills rewarded in the labor market arise from a combination of endowed abilities, economic environments, and endogenous human capital in- vestments. Endowments, environments and investments almost certainly interact in compli- cated ways, transforming the distribution of abilities drawn at birth into a distribution of education, wages, and labor supply outcomes … Continue reading
Higher Education – Making college is hardly the only way to increase quantity, quality, and equity i
Earlier this month, New York became the first US state to offer all but its wealthiest residents free tuition not only at its public community colleges, but also at public four-year institutions within the state. The new program, called the Excelsior Scholarship, doesn’t make college completely free, nor is it without significant restrictions. Still, the … Continue reading
Information on Postsecondary Labor Market Outcomes in US – Match student records with employment data and regularly publicize aggregate employment and earnings outcomes by program of study, ideally through legislation
Information on postsecondary labor market outcomes is becoming increasingly important for students, educators, institution leaders, and policymakers in today’s rapidly changing economy. This paper assesses the current landscape of employment data, proposing technical enhancements to help agencies and institutions more effectively collect and share information. Recommendations on federal and state policies to better inform students … Continue reading
Class of 2017 in US – Underemployment rates among young graduates have improved but remain higher than before the recession began
After years of elevated unemployment and depressed wages, young graduates’ economic prospects have finally begun to brighten. Members of the Class of 2017 have better job prospects than their peers who graduated in the aftermath of the Great Recession. Unemployment rates for young high school and young college graduates have returned to within one percentage … Continue reading
Higher Education in US – College majors that didn’t exist 5 years ago
As the work landscape changes, the educational landscape has to adapt as well. Just in time for graduation (which will likely bring a flood of resumes to recruiters’ inboxes), here are a few majors that probably didn’t exist when you were in college—and why they’re relevant to the growing workforce: 1. Robotics Engineering What: Bachelor of … Continue reading
Graduates’ Career Planning – What behaviours, factors and characteristics determine graduate outcomes?
The study examined a cohort of UK domiciled students who completed their full-time undergraduate study in 2011/12 and were aged 18-21 at the outset of their study. The cohort consisted of 7,500 students drawn from 27 institutions. This study combined data from the 6 month Destination of Leavers from Higher Education (DLHE) survey with data … Continue reading
Postsecondary Education in US – A higher proportion of students who earned an occupational credential were employed in 2009
Postsecondary students who completed a credential had higher employment rates than noncompleters, and those who earned a degree had higher employment rates than those who earned a certificate. Among students who began their postsecondary education in 2003–04 and were not enrolled 6 years later, 84 percent of those who completed a credential were employed in … Continue reading
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