Job Market Monitor
STEM fields
Skills Gap in US – We are not doing an adequate job of preparing our workforce says Philadelphia Fed President
U.S. employers are having trouble finding workers with the needed skills in science, technology, engineering and math, a top Federal Reserve official said on Monday. “We are seeing a mismatch of skills in the workforce and the jobs that are being created,” Philadelphia Fed President Charles Plosser said of the so-called STEM-trained workers who are … Continue reading
Canada / Less than 50 per cent of high school students graduate with senior STEM courses
The report, Spotlight on Science Learning: The High Cost of Dropping Science and Math, estimates that less than 50 per cent of high school students graduate with senior science, technology, engineering and math (STEM) courses, despite approximately 70 per cent of Canada’s top jobs requiring STEM education Continue reading
US Highly-Skilled Immigration / Some Myths
We’re not seeing the full picture around highly-skilled immigration. To get there, we need to better understand and debunk myths around three key issues: labor mobility, wages, and the rate of invention. Continue reading
Canada / Higher Education / Strong positive returns to investments across all fields
It’s common knowledge that new jobs increasingly demand postsecondary credentials. But what’s less well understood is the wide range of those jobs and the educational pathways leading to them. Statistics Canada data on employment by occupational classification show that job growth between 2007 and 2011 was fastest in health-related occupations (over 16 per cent increase) … Continue reading
Skills Gap Means Longer Hours Hint for Some Jobs
Even in a time of 8% unemployment, some jobs go begging. Surveys reveal a significant share of companies report difficulties filling certain jobs. What’s a company to do when it can’t find workers with needed skills? Work its current employees for longer hours. That’s the conclusion by economists at the Conference Board. The trend suggests … Continue reading
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