Job Market Monitor
OECD
Immigration – OECD countries received slightly more than 5 million new permanent legal migrants in 2017
Preliminary data show that OECD countries received slightly more than 5 million new permanent legal migrants in 2017. This represents the first decline in migration to the area since 2011 (down by around 5%, compared to 2016). This is due, however, to the significant reduction in the number of recognised refugees in 2017 while other … Continue reading
OECD – The new Jobs Strategy
The labour markets of OECD and emerging economies are undergoing major transformations. The widespread slow-down in productivity and wage growth and high levels of income inequality in many countries are coupled with structural changes linked to the digital revolution, globalisation and demographic changes. These deep and rapid transformations raise new challenges for policy makers. In … Continue reading
Skills Gap – How to address the opportunities and challenges for skill development in the digital economy
The pervasiveness of digital technologies in daily life is fundamentally changing the way individuals access and elaborate knowledge. Individuals have to process complex information, think systematically and take decisions weighting different forms of evidence. They also have to continuously update their skills to match rapid technical change at the workplace. More fundamentally, in order to … Continue reading
OECD – The decoupling of wages from productivity
Several OECD countries have been grappling not only with slow productivity growth but have also experienced a slowdown in real average wage growth relative to productivity growth, which has been reflected in a falling share of wages in GDP. At the same time, growth in low and median wages has been lagging behind average wage … Continue reading
The Future of Work – Cognitive as well as non-cognitive skills are strongly rewarded by labour markets OECD says
This study explores how the digital transformation is affecting the demand for skills in 31 countries, by analysing how skills are rewarded in sectors which are more or less digitally intensive. In so far as higher salaries reflect relative skills shortage, returns to skills contribute to inform on how the demand of different skills is … Continue reading
Basic Skills of Immigrants in Canada in PIAAC – Lower proficiency scores than the Canadian-born in all three skills
The Programme for the International Assessment of Adult Competencies (PIAAC) conducted under the auspices of the Organisation for Economic Co-operation and Development (OECD) provides internationally comparable measures of three skills that are essential to processing information: literacy, numeracy, and problem solving in technology-rich environments (referred to in this report as PS-TRE). The OECD’s analysis of … Continue reading
Skills for the 21st Century – PIAAC is the jewel OECD says
The OECD Survey of Adult Skills is the jewel in the crown of its Programme for the International Assessment of Adult Competencies (PIAAC). This paper argues that the findings and policy lessons from the project to date justify the high hopes which were placed in PIAAC when detailed planning for the project began in 2003. … Continue reading
Employment policy must address the concerns underlying the populist backlash against globalisation OECD writes
While an expanding majority of OECD countries have finally closed the massive jobs gap that opened during the Great Recession of 2008‑09, people in a number of countries are expressing rising dissatisfaction with core economic policies, including the promotion of international trade and investment. The populist backlash against globalisation challenges the policy advice offered by … Continue reading
Skills can help countries integrate into global markets and specialise in the most technologically advanced industries OECD says
The world has entered a new phase of globalisation over the past two decades that presents countries and workers with new challenges and opportunities. Helped by the rise of information technology, production has become globalised and fragmented along so‑called global value chains: workers across different countries now contribute to the design, production, marketing and sales … Continue reading
The Next Production Revolution – Education and skill system will need constant attention OECD says
The next production revolution will occur because of a confluence of technologies. These range from a variety of digital technologies (e.g. 3D printing, the Internet of Things, advanced robotics) and new materials (e.g. bio- or nano-based) to new processes (e.g. data-driven production, artificial intelligence, synthetic biology). This report examines the economic and policy ramifications of … Continue reading
Literacy in OECD – In most countries, there are large gaps which tend to widen with ages
In most countries, there are large gaps in literacy proficiency between socio-economically advantaged and disadvantaged 15-year-olds, which tend to widen on average as individuals enter adulthood. Socio-economic disparities vary widely from country to country How skills are distributed across the population has signi cant implications for economic and social outcomes. Therefore, assessing the extent to … 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
Are workers ready for a digital world?
In an increasingly digital world where the skill needs of employers are continuously evolving, policy makers need to make sure that everyone can participate and learn new skills. Recent technological change has shifted skill demands predominantly towards high- level skills. Workers need to be prepared to change jobs over their working life while avoiding unemployment … Continue reading
OECD PISA – Singapore tops latest global education survey
Singapore outperforms the rest of the world in the OECD’s latest PISA survey, which evaluates the quality, equity and efficiency of school systems. The top OECD countries were Japan, Estonia, Finland and Canada. The OECD’s PISA 2015 tested around 540,000 15-year-old students in 72 countries and economies on science, reading, maths and collaborative problem-solving. The … Continue reading
Youth – One in ten jobs have been destroyed since 2007 OECD finds
Fifteen percent of the OECD youth population were not in employment, education or training (NEET) in 2015 – about 40 million young people. More than two-thirds of them were not actively looking for work. The total gross income that could have been generated by NEETs in 2014 is estimated to have been between USD 360-605 … Continue reading
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