Job Market Monitor
OECD
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
Rising Inequalities in OECD Countries – Gini coefficients 1985 vs 2013
Source: Sighing for paradise to come | The Economist
Labour Force Statistics in OECD, 2015 – Unemployment rate by country
This annual edition of Labour Force Statistics provides detailed statistics on population, labour force, employment and unemployment, broken down by gender, as well as unemployment duration, employment status, employment by sector of activity and part-time employment. Chosen excerpts by Job Market Monitor. Read the whole story at OECD Labour Force Statistics 2015 – OECD Bookshop
Literacy, Numeracy and Computer Skills – Substantial returns to ICT skills OECD finds
This paper examines which incremental increases in numeracy skills, literacy skills and skills and readiness in using ICT for problem solving have the biggest impact on employment participation and related labour market outcomes, and how these compare to incremental increases in educational attainment. Using the 2012 PIAAC data, our analysis confirms that there are significantly … Continue reading
Minimum Wage Around the World – A Chart for OECD’s 34 member countries
Supporting low-wage earners is one of the keys to promoting inclusive growth, and minimum wages are a common if sometimes controversial way of doing it. Of the 34 countries that are members of the Organisation for Economic Co-operation and Development (OECD), 26 have a minimum wage – 9 of which have been introduced since 1990. … Continue reading
South Africa – Needs more investment, jobs and a public employment service as a one-stop shop OECD says
Labour market reforms can raise employment and incomes. Establishing a public employment service as a one-stop shop for job seekers would make it easier for people to find jobs, and for employers to find the right workers. Costly industrial actions have held back the economy without delivering major gains to workers. To reduce conflict and … Continue reading
Vocational education and training has been neglected OECD says
“Vocational education and training has been neglected. If “strong vocational programmes increase competitiveness”, “many programmes fail to meet labour market needs” writes the OECD in LEARNING FOR JOBS: SUMMARY AND POLICY MESSAGES. The OCDE review “aims to bridge the gap between learning and jobs, by exploring how to make initial vocational education and training for … Continue reading
Millions trapped at bottom of economic ladder OECD says
The OECD Employment Outlook 2015 says that around 42 million people are currently without work across the OECD, down from 45 million in 2014 but still 10 million more than just before the crisis. Unemployment in the 34 OECD countries is projected to continue declining over the next 18 months to reach 6.5% in the last quarter of … Continue reading
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