Labor markets desperately need information to function effectively and efficiently, making labor market information systems critical public investments. Yet government systems face significant challenges in collecting quality data, turning it into useable market intelligence, and disseminating it in a timely, relevant manner, a situation more acute in developing countries. The rise of private, real-time labor … Continue reading
Economists and other social scientists are increasingly using big data analytics to address longstanding economic questions and complement existing information sources. Big data produced by online platforms can yield a wealth of diverse, highly granular, multidimensional information with a variety of potential applications. This paper examines how online job-portal data can be used as a … Continue reading
More than 40 million people are unemployed in developed economies alone. Here we explore the underlying causes of the jobs crisis and some of the ways business and government can cooperate to create the millions of jobs that are needed. Chosen excerpts by Job Market Monitor. Read the whole story at Forty million jobs needed | McKinsey … Continue reading