Job Market Monitor
Higher Education
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
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
Post-secondary education – The proportion of 25-34 year-olds with upper secondary education or higher has almost doubled across OECD countries
As a result of the rapid educational expansion in the aftermath of the Second World War the proportion of 25-34 year-olds with upper secondary education or higher has almost doubled across OECD countries, from 43% in 1965 to 84% in 2015. In 1965, no OECD country had more than 80% of 25-34 year-olds attaining at … Continue reading
Cities in UK – They should support economic growth to attract and retain a greater number of graduates, then it needs to
Attracting and retaining talent is increasingly critical for the success of city economies as the UK continues to specialise in ever more high-skilled, knowledge- intensive activities. And this is a big challenge for many of our cities. While the UK’s great universities are spread around the country, many graduates head straight for the bright lights … Continue reading
Higher Education or VET in Australia
Chosen excerpts by Job Market Monitor. Read the whole story at The skilled labour market: a pictorial overview of trends and shortage 2015-16
Partnerships Between Post‐Secondary Education and Business – Six principles for success
Partnerships between post-secondary education (PSE) institutions and businesses are crucial to Canada’s competitiveness and prosperity. They help to develop and leverage skills, talent, and research. PSE institutions, businesses, and community stakeholders need better information on how to develop, operate, and maintain successful PSE–business partnerships. This report shows that partnerships are most effective when they are … Continue reading
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