Job Market Monitor
Skills
Skills in UK – The business case for investment
We live in extremely turbulent times, with major risks and uncertainty for the country’s future and economy. Uncertainty is not just brought about by Brexit, with its challenges of having to put in place international trade deals as well as dealing with the growing likelihood of a recession. The ‘Fourth Industrial Revolution’, arising from AI … Continue reading
Skills – Demand for transportable skills outpaces that for all other skills
All workers will need to adapt and learn new skills over their careers, but some skills stand the test of time. Because workers can use these skills to navigate transitions across virtually any industry, these “transportable skills” learned in K-12 programs have lifelong value. In a new report, “The Power of Transportable Skills: Assessing the … Continue reading
Jobs and Skills – What’s Trending
Technology is driving change in the job market; change that can be tracked by the speed of growth, according to a new study from Boston Consulting Group and Burning Glass Technologies. The study examines more than 95 million online job postings over three years to identify both the fastest-growing jobs and fastest-growing skills in the … Continue reading
Cognitive Skills in US – The market generates quite strong rewards to literacy, problem-solving and especially numeracy proficiency
Skills are central to productivity growth and earnings. Studies find variations in human capital account for a large share of variations in economic growth. But, what is skill? How should we measure the levels of human capital in an individual and in a country? Until recently, the primary measures of skill were years of schooling … Continue reading
The Middle Class – A shift towards high-skill occupations
Labour markets across the OECD have polarised in recent decades, as the share of middle skill occupations has declined relative to that of both high- and low skill occupations. This paper shows that, contrary to what is often assumed in the public debate, job polarisation has not resulted in a decline in the share of … Continue reading
Skills and Productivity – Skills should be labour market relevant and skilled workers need to be matched with jobs
This paper analyses different dimensions of skills mismatch (notably ‘macro-economic skills mismatch ‘, ‘skills shortages ‘, and ‘on-the-job skills mismatch ‘) and their empirical relationship with labour productivity. Macro-economic skills mismatch arises when the skills distribution differs between the available workers and those that get hired. Skills shortages occur when employers encounter difficulties to fill … Continue reading
The Future of Work and Skills Acquisition – A shift in mindset is needed
With rapid changes—both technological and in the organization of work—this new study finds that workers are extremely concerned about the profound impact of technologcal changes in their jobs (and whether they will even have a job in the future), with two-thirds of respondents seeing their job changing significantly at least every five years because of … Continue reading
Skills in Canada – Developing a mapping system that links skills to occupations
The skills required to succeed in today’s world of work are rapidly changing. Workers experience pressure to continuously improve their skills, and employers struggle to nd workers with the right skills to achieve their goals. • Developing a pan-Canadian mapping system that links skills to occupations is an important step towards improving our understanding of … Continue reading
Upgrading Skills in US – A more comprehensive approach is required
To upgrade the skills of Americans at greatest risk from automation, a more comprehensive approach is required — one that’s backed by government. To start, states and the federal government should boost tax credits to encourage small and medium-sized businesses to invest more in retraining low-skilled workers. States should bolster workforce development boards that help … Continue reading
Job Creation – A dearth of good jobs does not mean that the labor market is the problem
Governments are right to focus on creating more good jobs, because work is the source of most people’s livelihood in every society. But in the majority of cases, the solution lies in policy areas that are not amenable to tools wielded by ministers of labor or education. Just because a tire is flat at the … Continue reading
Skills in Wales – A focus on young people will not be enough, 81.5 per cent of the workforce of 2030 have already left compulsory education
Wales is at the centre of a number of significant disruptions likely to bring long-term changes for its people and economy. Some of these are global in nature, such as automation and technological change. Some affect the whole UK – most obviously, the uncertainty around Brexit. Others come from within Wales, such as the rapid … Continue reading
Refugees in Europe – A project on how matching can support lawful adult refugee mobility
Most refugees live in developing countries of asylum, struggling to prove themselves in economies which are unable to absorb and make full use of their labour market potential. As a result, their skills often remain unused and become obsolete over time. Key challenges for Europe include sharing the global responsibility for refugees fairly with major … Continue reading
Skills Gap in Europe – Skill shortages and skill mismatch
Labour markets are currently in a phase of cyclical recovery and undergoing structural transformation due to globalisation, demographic trends, advancing digital technologies and automation and changes in labour market institutions. Against this background, businesses increasingly report that the limited availability of skills poses an impediment to corporate investment. Genuine skill constraints can negatively affect labour … Continue reading
Workplace Learning and Development – At the tipping point LinkedIn finds
State of the learning and development (L&D) industry: At the tipping point Survey results indicate a tipping point in the L&D industry. Increased budgets and executive support are paving the way for talent developers to play a more strategic role. One with the support and technology to tackle day-to-day challenges, as well as more strategic … Continue reading
Emerging Occupations in Asia – Most new job titles are for highly-skilled positions that involve data and information and communication technology
This paper explores how technology affects labor market outcomes in Asia through the creation of new types of work. It investigates how workers’ characteristics can influence one’s chances of accessing emerging occupations—defined as occupation groups with new job titles. Comparisons of successive lists of the National Classification of Occupations in India, Malaysia, the Philippines, and … Continue reading
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