Where are all the workers?
|
|
- Paul Tate
- 5 years ago
- Views:
Transcription
1 United States 2018 JLL Research Where are all the workers? How a U.S. labor shortage impacts commercial real estate and potential remedies
2
3 United States labor shortage Contents Executive summary 4 Is there really a shortage? 6 Why does labor scarcity exist? 10 What does this mean for the economy? For CRE? 16 Potential remedies 18
4 The U.S. labor market is experiencing a chronic labor shortage
5 United States labor shortage When it comes to jobs, this decade has swung from one extreme to the other. Few other times in history have seen such a disparity beginning with unemployment numbers that rivaled only the Great Depression and closing out with a ravenous job market that refuses to be sated. And we expect it will only get worse. What does this mean for the economy? We'll take a look at the structural problems that have led up to this vast undersupply of labor and how it's affecting all sectors of commercial real estate. And then we'll show you a path forward, potential remedies to help companies, investors and even policymakers find talent and fill jobs.
6 Is there really a shortage? What is a labor shortage? Quite simply, it's a lack of qualified workers. This takes two forms: 1 2 An absolute lack of workers to fill openings, leaving them completely vacant. Workers who have less-thanideal skills, which allows them to fill a job but perform at a subpar level.
7 United States labor shortage How do we measure this shortage? First, we consider the number of open but unfilled positions. As of January 2018, roughly 6.3 million positions remained open but unfilled a record high. American companies have been creating an average of between 150,000 and 200,000 net new jobs per month in recent years but those jobs are just keeping pace with labor force growth. Recently passed fiscal stimulus measures could make the problem even worse as greater numbers of companies are incentivized to hire additional workers. It's a significant problem. According to the Manpower Group, roughly 40 percent of employers report difficulty filling jobs due to insufficient talent. And it's not just tech or IT jobs the jobs gap is impacting the skilled trades most of all. Just try finding an electrician or carpenter.
8 Total nonfarm openings Thousands, seasonally adjusted
9 United States labor shortage Now let's consider wage growth. Shouldn't a lack of qualified workers equal more money in the pockets of existing workers? Sort of. A tight labor market definitely drives wages upward as employers compete for scarce, qualified labor. And, in fact, that competition is likely to intensify this year. But wages fundamentally are a function of inflation and productivity growth, both of which have remained notably weak during the current economic expansion. If both inflation and productivity increase as we expect, while at the same time competition for workers increases, we should see continued upward pressure on wages. But looking at average wages doesn't tell the whole story. Just because average wages aren't growing quickly doesn't mean there's an abundance of labor. Wages for employees with jobs that are in demand are going up on a sustained basis. One example is within the nursing industry, where they've seen sustained wage growth and employment over the last few decades. Some hospitals have even resorted to signing bonuses and free housing to recruit nurses. And workers with the best skills and the most experience benefit most of all, with wages rising far faster than their average counterparts. The top 10 percent of workers have clearly benefitted from skills and knowledge that are undersupplied, but it's tough to capture this within broad geographical or industry categories. But for workers outside this elite group, inferior skills and experience create a labor mismatch that hurts both the labor market and the overall economy.
10 Why does labor scarcity exist? There are those who say labor scarcity doesn't exist, that there are plenty of workers who are simply "waiting on the sidelines" for wages to get high enough for them to jump back into the market. Our response? The facts don t support this. What we have is a tale of two charts. The first is the headline labor force participation rate, which shows that among all workers, participation in the workforce has fallen to 62.7 percent. But roughly 10,000 baby boomers retire every day, which skews the numbers. Now look at the chart for labor force participation rate for prime-age workers (those between the ages of 25 and 54), which we think is a better indicator. While this rate is currently rising, it's still below levels of the last 20 years. In fact, it peaked in January 1999 and has been falling ever since. We argue the declining numbers are due to structural, not cyclical, factors
11 United States labor shortage Labor Force Participation Rate (%) Prime-age participation rate (%)
12 Supply... The male equation Labor scarcity exists today because of both supply-side and demandside issues. These are the key supply-side problems: From October 1949 to today, the men's participation rate has fallen more than 18 percent. Men with a high school education or less are a big part of that, since many jobs once held by these workers have been eliminated due to technology/mechanization and offshoring. That causes a mismatch between many of the jobs that are open and the qualifications of unemployed men who could fill those roles. The result for those underskilled men? Long-term unemployment, the atrophying of existing skills and even opioid abuse. Ultimately, they become virtually unemployable, even in instances where compatible openings exist. Time use surveys show these men have basically dropped out of the labor market entirely and are instead watching more television and playing more video games.
13 United States labor shortage The female equation And what of the female portion of the equation? From the postwar era on, the participation rate of women in the workforce rose from 32 percent in January 1948 to 60.3 percent in April But that number now stands at just 56.7 percent. Part of this is a structural change ultimately running its course. But the labor market also presents problems for many women, particularly mothers. And when you consider the fact that roughly half of the 18 million women of prime age who aren t working have at least some college education, while another quarter (4.8 million) has at least a bachelor s degree or higher (compared to 1.7 million prime-age unemployed men who hold a bachelor s degree or higher) that s a lot of qualified women who could fill open positions but do not. In the end, this deprives employers of a significant number of prime-age, educated workers. The lack of guaranteed paid maternity or paternity leave, wage disparity relative to their male counterparts, a lack of affordable day care, and inflexible working schedules are all contributing to a significant portion of qualified women who have simply left the labor force. Some happily, while others...not so much.
14 ...and demand On the demand side, two key problems exist. The first is widely called "credential creep." Companies and recruiters increasingly use degrees to screen job applicants. A recent Harvard Business School study found that companies consistently require job applicants to have degrees, even though only a minority of people actually working in the jobs have them. This limits opportunities for those with less than a college education. And the problem is pervasive. In fact, right now roughly 26.5 million workers in the U.S. are working in positions that were once held by non-graduates. Even if some of those positions have become more technical, many have not. This makes it difficult for non degree holders to get jobs that would have been readily available in the past. It also makes it difficult for companies to fill jobs at a time when the unemployment rate for workers with a bachelor's degree or higher stands at just 2.5 percent. Location, location, location Lastly, there could also be a geographical mismatch between where available jobs exist and where potential labor lives. Increasingly, jobs are becoming concentrated in metropolitan areas. If available labor lives in suburban or rural areas that are located too far from job centers to commute, this labor theoretically could move to job-laden locations. But it is often too problematic to relocate into these areas, particularly because housing is too expensive.
15 United States labor shortage There's another demand-side issue that's similar to credential creep. Occupational licensing, or governments regulating who can perform certain occupations, is often touted as necessary to protect consumers. But it also excessively restricts who can enter certain professionals and the problem has increased significantly over the past few decades. In 1950, only one in 20 workers required a license to work. In 2017, that ratio had gone up to one in five. The trend isn't driven so much by governments protecting consumers but rather by workers in certain industries successfully lobbying state governments to restrict entry. This impacts workers across the educational spectrum, particularly more highly educated professionals. There's also a cost to obtain these credentials, which, along with the difficulty in obtaining them, limits the number of workers who are eligible to work in these professions. Couple that with inconsistencies across states, which limits the ability of workers to relocate. It's a problem no matter how you slice it.
16 What does this mean for the economy? For CRE? So what does this mean for the economy? Fewer workers means a smaller economy, and a more slowly growing labor force means a more slowly growing economy. And any mismatch between the skills needed for a job and the skills possessed by a worker will result in less productivity, ultimately resulting in slower economic growth. And that drags on commercial real estate performance. Labor shortages result in higher vacancy rates, lower asking rents and greater concessions across markets. So what would happen if all of the open positions were filled and workers and skills were better matched?
17 17 United States labor shortage The national office asking rent would rise by roughly 5 percent and the national office vacancy rate would fall by roughly 2 percent The national industrial asking rent would rise by roughly 4 percent and the national industrial vacancy rate would fall by roughly 1 percent The national apartment asking rent would rise by roughly 5 percent and the national apartment vacancy rate would fall by roughly 1.5 percent The national retail asking rent would rise by roughly 3 percent and the national retail vacancy rate would fall by roughly 1 percent.
18 Potential remedies 1 Don't be fooled by some workers returning to the labor force, particularly as tax cuts temporarily spur new jobs. The tax cut is no quick fix for the labor shortage; this is a long-term problem. What will help? Improved education, including increasingly college enrollment for qualified students. Primary and secondary instruction needs to get with the times, particularly in terms of technology. Many current open jobs don't require a bachelor's degree but do require a certain skill set. Better education in technical and vocational training, at places like community college, could produce a better labor pool. Better reeducation and retraining could also help workers displaced by trade, offshoring and technical improvements.
19 United States labor shortage Any measure that makes it easier for women, especially mothers, to remain or reenter the labor force would be a huge boon to the economy and labor market. Women hold the majority of bachelor's degrees in the U.S., and losing millions of them in the prime working years (childbearing years) hurts the economy. Any policy that increases paid maternity/paternity leave, improves wage disparity, increases availability of affordable pre- and afterschool care, offers a more flexible schedule or improves work-life balance would encourage more women to reenter the labor force. 3 Last, any policy that facilitates movement of labor between areas with a lack of job opportunity to one with excess job opportunity could help. Subsidies for housing, relocation and interview costs as well as improved infrastructure that better connects outlying areas could remedy the labor shortage.
20 For more information, please contact: Ryan Severino Chief Economist, JLL ryan.severino@am.jll.com About JLL JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit About JLL Research JLL s research team delivers intelligence, analysis and insight through market-leading reports and services that illuminate today s commercial real estate dynamics and identify tomorrow s challenges and opportunities. Our more than 400 global research professionals track and analyze economic and property trends and forecast future conditions in over 60 countries, producing unrivalled local and global perspectives. Our research and expertise, fueled by real-time information and innovative thinking around the world, creates a competitive advantage for our clients and drives successful strategies and optimal real estate decisions Jones Lang LaSalle IP, Inc. All rights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.
CURRENT ANALYSIS. Growth in our own backyard... March 2014
93619 CURRENT ANALYSIS March 14 Composition of the Canadian population % of total adult population 15+ 8 6 4 2 14.1.9 14.9 42.5 * Labour Force Participation Rate % of Population in the Labour Force 69
More informationMarket failure in labour markets
Market failure in labour markets Monopsony This occurs when there is just one buyer of labour in a market, or if the firm has substantial market power in employing workers. Diagram of Monopsony The marginal
More informationLabor markets in the Tenth District are
Will Tightness in Tenth District Labor Markets Result in Economic Slowdown? By Ricardo C. Gazel and Chad R. Wilkerson Labor markets in the Tenth District are tighter now than at any time in recent memory.
More informationLABOR AND TRAINING NEEDS OF RURAL AMERICA
LABOR AND TRAINING NEEDS OF RURAL AMERICA Daniel W. Sturt, Director Rural Manpower Service, Manpower Administration U.S. Department of Labor I would like to discuss some of the human dimensions involved
More informationChapter One: people & demographics
Chapter One: people & demographics The composition of Alberta s population is the foundation for its post-secondary enrolment growth. The population s demographic profile determines the pressure points
More informationAppendix A: Economic Development and Culture Trends in Toronto Data Analysis
Appendix A: Economic Development and Culture Trends in Toronto Data Analysis Introduction The proposed lenses presented in the EDC Divisional Strategy Conversation Guide are based in part on a data review.
More informationSTATEMENT OF LEON R. SEQUEIRA ASSISTANT SECRETARY FOR POLICY U.S
STATEMENT OF LEON R. SEQUEIRA ASSISTANT SECRETARY FOR POLICY U.S. DEPARTMENT OF LABOR BEFORE THE HOUSE JUDICIARY SUBCOMMITTEE ON IMMIGRATION, CITIZENSHIP, REFUGEES, BORDER SECURITY, AND INTERNATIONAL LAW
More informationTrends in Labour Supply
Trends in Labour Supply Ellis Connolly, Kathryn Davis and Gareth Spence* The labour force has grown strongly since the mid s due to both a rising participation rate and faster population growth. The increase
More informationIn class, we have framed poverty in four different ways: poverty in terms of
Sandra Yu In class, we have framed poverty in four different ways: poverty in terms of deviance, dependence, economic growth and capability, and political disenfranchisement. In this paper, I will focus
More informationSTATE OF WORKING FLORIDA
STATE OF WORKING FLORIDA 2017 The State of Working Florida 2017 analyzes the period from 2005 through 2016 and finds that while Florida s economic and employment levels have recovered from the Great Recession
More informationMeanwhile, the foreign-born population accounted for the remaining 39 percent of the decline in household growth in
3 Demographic Drivers Since the Great Recession, fewer young adults are forming new households and fewer immigrants are coming to the United States. As a result, the pace of household growth is unusually
More informationThe Importance of Global Workers in Canada s ICT and Digital Media Industries
The Importance of Global Workers in Canada s ICT and Digital Media Industries January 2014 The Information and Communications Technology (ICT) and Digital Media industries are among the fastest growing
More informationWHAT S ON THE HORIZON?
WHAT S ON THE HORIZON? What s on the Horizon? Mark Sprague, Director of Information Capital www.independencetitle.com What do you think? Will the market in 2018 be Better? Same? Worse? US Economic Outlook
More information6. Population & Migration
078 6. Population & Migration Between the September Quarter 2012 and the June Quarter 2017 South Australia had the lowest population growth rate of all mainland states. Over the coming years South Australia
More informationU.S. Emerging Markets: The Rise of America s Sunbelt Cities and the Implications for Real Estate
PUB LI C SECUR I T I E S G R O UP i 3Q 2018 R E AL E S TAT E U.S. Emerging Markets: The Rise of America s Sunbelt Cities and the Implications for Real Estate EXECUTIVE SUMMARY Recent high-profile corporate
More informationCER INSIGHT: The biggest Brexit boon for Germany? Migration. by Christian Odendahl and John Springford 11 December 2017
The biggest Brexit boon for Germany? Migration by Christian Odendahl and John Springford 11 December 217 Germany s economy desperately needs qualified immigrants to fill 78, jobs. Brexit will help it to
More informationSPECIAL REPORT. TD Economics ABORIGINAL WOMEN OUTPERFORMING IN LABOUR MARKETS
SPECIAL REPORT TD Economics ABORIGINAL WOMEN OUTPERFORMING IN LABOUR MARKETS Highlights Aboriginal women living off-reserve have bucked national trends, with employment rates rising since 2007 alongside
More informationAMERICANS ON IMMIGRATION REFORM QUESTIONNAIRE JANUARY 2019
AMERICANS ON IMMIGRATION REFORM QUESTIONNAIRE JANUARY 2019 Fielded by: Nielsen Scarborough Fielding Dates: October 1-16, 2018 Sample Size: 2,407 registered voters Margin of Error: Each Half-Sample: 2.8%;
More information10/11/2017. Chapter 6. The graph shows that average hourly earnings for employees (and selfemployed people) doubled since 1960
Chapter 6 1. Discuss three US labor market trends since 1960 2. Use supply and demand to explain the labor market 3. Use supply and demand to explain employment and real wage trends since 1960 4. Define
More informationA Barometer of the Economic Recovery in Our State
THE WELL-BEING OF NORTH CAROLINA S WORKERS IN 2012: A Barometer of the Economic Recovery in Our State By ALEXANDRA FORTER SIROTA Director, BUDGET & TAX CENTER. a project of the NORTH CAROLINA JUSTICE CENTER
More informationGovernment data show that since 2000 all of the net gain in the number of working-age (16 to 65) people
CENTER FOR IMMIGRATION STUDIES June All Employment Growth Since Went to Immigrants of U.S.-born not working grew by 17 million By Steven A. Camarota and Karen Zeigler Government data show that since all
More informationMARRIAGE & PARENTHOOD
CONTENTS OVERVIEW 3 KEY INDICATORS 4 OVERALL POPULATION 5 AGEING 8 MARRIAGE & PARENTHOOD 10 IMMIGRATION & CITIZENS BY DESCENT 14 1 ANNEX Overall Population Table 1: Total population 16 Table 2: Singapore
More informationWritten Testimony of
Written Testimony of Dan Siciliano Executive Director, Program in Law, Economics, and Business Stanford Law School Senior Research Fellow, Immigration Policy Center American Immigration Law Foundation,
More informationAmes Economic Outlook, 3 rd Quarter, 2015 Peter F. Orazem Iowa State University Ames Labor Market
Ames Economic Outlook, 3 rd Quarter, 2015 Peter F. Orazem Iowa State University Ames Labor Market Ames has completed the best five years of employment growth since Iowa Workforce Development first began
More informationPost-Secondary Education, Training and Labour September Profile of the New Brunswick Labour Force
Post-Secondary Education, Training and Labour September 2018 Profile of the New Brunswick Labour Force Contents Population Trends... 2 Key Labour Force Statistics... 5 New Brunswick Overview... 5 Sub-Regional
More informationChanging Times, Changing Enrollments: How Recent Demographic Trends are Affecting Enrollments in Portland Public Schools
Portland State University PDXScholar School District Enrollment Forecast Reports Population Research Center 7-1-2000 Changing Times, Changing Enrollments: How Recent Demographic Trends are Affecting Enrollments
More informationThe Quarterly Review of Economic News & Insight. Economic Currents. Economic Indices for Massachusetts. Population Change, Housing, and Local Finance
The Quarterly Review of Economic News & Insight summer 2003 Volume six Issue 2 Economic Currents Economic Indices for Massachusetts Population Change, Housing, and Local Finance The Biotech Industry: A
More informationThe UK and the European Union Insights from ICAEW Employment
The UK and the European Union Insights from ICAEW Employment BUSINESS WITH CONFIDENCE icaew.com The issues at the heart of the debate This paper is one of a series produced in advance of the EU Referendum
More informationFiscal Impacts of Immigration in 2013
www.berl.co.nz Authors: Dr Ganesh Nana and Hugh Dixon All work is done, and services rendered at the request of, and for the purposes of the client only. Neither BERL nor any of its employees accepts any
More informationAMERICANS EVALUATE IMMIGRATION REFORM PROPOSALS MARCH 2018 QUESTIONNAIRE
AMERICANS EVALUATE IMMIGRATION REFORM PROPOSALS MARCH 2018 QUESTIONNAIRE Fielded by: Nielsen Scarborough Fielding Dates: Feb. 21 Mar. 12, 2018 Sample Size: 2,916 registered voters (with 688 state oversample)
More informationIs the recession over in New York?
By James A. Parrott May 10, 2010 Job numbers are up, unemployment is down. Consumer confidence is up. Gross domestic product has increased for three quarters. It sounds like the is behind us and we re
More informationPlanning for the Silver Tsunami:
Planning for the Silver Tsunami: The Shifting Age Profile of the Commonwealth and Its Implications for Workforce Development H e n r y Renski A NEW DEMOGRAPHIC MODEL PROJECTS A CONTINUING, LONG-TERM SLOWING
More informationRESEARCH BRIEF: The State of Black Workers before the Great Recession By Sylvia Allegretto and Steven Pitts 1
July 23, 2010 Introduction RESEARCH BRIEF: The State of Black Workers before the Great Recession By Sylvia Allegretto and Steven Pitts 1 When first inaugurated, President Barack Obama worked to end the
More informationLooking at the future potential labor supply through the first release of labor underutilization indicators
Mizuho Economic Outlook & Analysis June 21, 2018 Looking at the future potential labor supply through the first release of labor underutilization indicators < Summary > Japan s Ministry of Internal Affairs
More informationIMMIGRATION AND THE LABOUR MARKET
Briefing Paper 1.6 www.migrationwatchuk.org IMMIGRATION AND THE LABOUR MARKET Summary 1 The Government assert that the existence of 600,000 vacancies justifies the present very large scale immigration
More informationPopulation Aging, Immigration and Future Labor Shortage : Myths and Virtual Reality
Population Aging, Immigration and Future Labor Shortage : Myths and Virtual Reality Alain Bélanger Speakers Series of the Social Statistics Program McGill University, Montreal, January 23, 2013 Montréal,
More informationA COMPARISON OF ARIZONA TO NATIONS OF COMPARABLE SIZE
A COMPARISON OF ARIZONA TO NATIONS OF COMPARABLE SIZE A Report from the Office of the University Economist July 2009 Dennis Hoffman, Ph.D. Professor of Economics, University Economist, and Director, L.
More informationMigrants Fiscal Impact Model: 2008 Update
11 April 2008 Migrants Fiscal Impact Model: 2008 Update Report by Access Economics Pty Limited for Department of Immigration and Citizenship TABLE OF CONTENTS EXECUTIVE SUMMARY... i 1. Introduction...
More informationLabour market outlook, spring 2018 Summary
Labour market outlook, spring 2018 Summary Outlook for the labour market 2017 2019 Text Annelie Almérus Håkan Gustavsson Torbjörn Israelsson Andreas Mångs Petra Nyberg Cut-off date for calculations and
More informationFrom The Big Disconnect By PAUL KRUGMAN 9/1/06
From The Big Disconnect By PAUL KRUGMAN 9/1/06 some pundits out there lecturing people about how great the economy is.... although G.D.P. growth has been pretty good for the last few years, most workers
More informationDeconstructing Structural Unemployment
Deconstructing Structural Unemployment John Schmitt and Kris Warner March 2011 Corrected Version May 24, 2011 Center for Economic and Policy Research 1611 Connecticut Avenue, NW, Suite 400 Washington,
More informationExecutive summary. Migration Trends and Outlook 2014/15
Executive summary This annual report is the 15th in a series that examines trends in temporary and permanent migration to and from New Zealand. The report updates trends to 2014/15 and compares recent
More informationWomen s Entrepreneurship
December 2017 E-bulletin no. 13 Women s Entrepreneurship The 13th e-bulletin of The Observatory of The General Secretariat for Gender Equality (GSGE) deals with the thematic area of Women s Entrepreneurship.
More informationRelease of 2006 Census results Labour Force, Education, Place of Work and Mode of Transportation
Backgrounder Release of 2006 Census results Labour Force, Education, Place of Work and Mode of Transportation On March 4, 2008 Statistics Canada released further results from the 2006 census focusing on
More informationSTRENGTHENING RURAL CANADA: Fewer & Older: The Coming Demographic Crisis in Rural Ontario
STRENGTHENING RURAL CANADA: Fewer & Older: The Coming Demographic Crisis in Rural Ontario An Executive Summary 1 This paper has been prepared for the Strengthening Rural Canada initiative by: Dr. Bakhtiar
More informationA Fortunate Country. Reprinted from The Toronto Star, December 27, p. A25. By David Foot
A Fortunate Country By 2020, Canada's standard of living will be universally admired as we use our natural resources and immigrants to forge links with superpowers. Reprinted from The Toronto Star, December
More informationWhile the figures show just a trickle of Kiwis now heading to Australia, history tells us the trickle tends to very quickly become a torrent
While the figures show just a trickle of Kiwis now heading to Australia, history tells us the trickle tends to very quickly become a torrent Posted in Opinion August 02, 2018-02:39pm, David Hargreaves
More information2016 Census Bulletin: Education and Labour
2016 Census Bulletin: Education and Labour Kingston, Ontario Census Metropolitan Area (CMA) The 2016 Census Day was May 10, 2016. In the fall of 2017, Statistics Canada released various data sets from
More informationThe Great Recession and its aftermath: What role do structural changes play?
Washington Center for Equitable Growth The Great Recession and its aftermath: What role do structural changes play? By Jesse Rothstein June 2015 Overview The last seven years have been disastrous for many
More informationEdexcel (A) Economics A-level
Edexcel (A) Economics A-level Theme 2: The UK Economy, Performance and Policies 2.1 Measures of Economic Performance 2.1.3 Employment and unemployment Notes Measures of unemployment It is usually difficult
More informationThe likely scale of underemployment in the UK
Employment and Welfare: MW 446 Summary 1. The present record rates of employment are misleading because they take no account of the underemployed those who wish to work more hours but cannot find suitable
More informationRaising the Speed Limit on Future Growth
Raising the Speed Limit on Future Growth Remarks by MARY C. DALY Executive Vice President and Director of Research Federal Reserve Bank of San Francisco At the Land Economics Society Phoenix, Arizona March
More informationwww.actrochester.org Monroe County General Overview Monroe County is the region s urban center and reflects the highs and lows, and stark disparities, of the Finger Lakes region. It has the most educated
More informationCreating a 21 st Century Workforce
WHITE PAPER Creating a 21 st Century Workforce Immigration Reform JULY 2017 Table of Contents 3 Overview 4 The Technology Workforce 5 The U.S. Technology Industry and Global Competitiveness 6 The Skills
More informationTestimony to the House Democratic Policy Committee HB1250 Natalie Sabadish Policy Analyst, Keystone Research Center July 30, 2014
Testimony to the House Democratic Policy Committee HB1250 Natalie Sabadish Policy Analyst, Keystone Research Center July 30, 2014 Good afternoon, Representative Donatucci, members of the House Democratic
More informationLIGUE EUROPEENNE DE COOPERATION ECONOMIQUE EUROPEAN LEAGUE FOR ECONOMIC COOPERATION
LIGUE EUROPEENNE DE COOPERATION ECONOMIQUE EUROPEAN LEAGUE FOR ECONOMIC COOPERATION "Unemployment and migration/immigration in Europe": truths and proposals Original: French Recommendations adopted by
More informationOver the past three decades, the share of middle-skill jobs in the
The Vanishing Middle: Job Polarization and Workers Response to the Decline in Middle-Skill Jobs By Didem Tüzemen and Jonathan Willis Over the past three decades, the share of middle-skill jobs in the United
More informationVisi n. Imperative 6: A Prosperous Economy
Imperative 6: A Prosperous Economy North Carolina 20/20: Report of the North Carolina Progress Board 6.1 2 2 Visi n North Carolina s growing, diversified economy is competitive in the global marketplace.
More informationDeconstructing Structural Unemployment
Deconstructing Structural Unemployment John Schmitt and Kris Warner March 2011 Center for Economic and Policy Research 1611 Connecticut Avenue, NW, Suite 400 Washington, D.C. 20009 202 293 5380 www.cepr.net
More informationIs Economic Development Good for Gender Equality? Income Growth and Poverty
Is Economic Development Good for Gender Equality? February 25 and 27, 2003 Income Growth and Poverty Evidence from many countries shows that while economic growth has not eliminated poverty, the share
More informationForeign workers in the Korean labour market: current status and policy issues
Foreign workers in the Korean labour market: current status and policy issues Seung-Cheol Jeon 1 Abstract The number of foreign workers in Korea is growing rapidly, increasing from 1.1 million in 2012
More informationCommunity Social Profile Cambridge and North Dumfries
Community Trends for 2013 in Cambridge, North Dumfries, Wellesley, Wilmot and Woolwich Community Social Profile - Cambridge and North Dumfries Published December 2014 Community Social Profile Cambridge
More informationThe Impact of Canadian Immigrant Selection Policy on Future Imbalances in Labour Force Supply by Broad Skill Levels
The Impact of Canadian Immigrant Selection Policy on Future Imbalances in Labour Force Supply by Broad Skill Levels Alain Bélanger Population Change and Life Course Cluster Conference on Income, health,
More informationThe State of. Working Wisconsin. Update September Center on Wisconsin Strategy
The State of Working Wisconsin Update 2005 September 2005 Center on Wisconsin Strategy About COWS The Center on Wisconsin Strategy (COWS), based at the University of Wisconsin-Madison, is a research center
More informationBriefing Book- Labor Market Trends in Metro Boston
Briefing Book- Labor Market Two other briefing books focus on the importance of formal education and ESOL courses to Boston s foreign-born residents. While there are a number of reasons why improving immigrant
More informationOffice of Immigration. Business Plan
Office of Immigration Business Plan 2006-2007 April 13, 2006 Table of Contents Message from the Minister and Deputy Minister..................................... 3 Mission...5 Planning Context...5 Strategic
More informationBackgrounder. This report finds that immigrants have been hit somewhat harder by the current recession than have nativeborn
Backgrounder Center for Immigration Studies May 2009 Trends in Immigrant and Native Employment By Steven A. Camarota and Karen Jensenius This report finds that immigrants have been hit somewhat harder
More informationMigration and Labour Force Trends
Migration and Labour Force Trends Welington Overview 2015 immigration.govt.nz 2 Table of Contents Wellington Executive Summary 2 Introduction 3 Background 4 Wellington s migrant demographics 6 Migration
More informationPOPULATION STUDIES RESEARCH BRIEF ISSUE Number
POPULATION STUDIES RESEARCH BRIEF ISSUE Number 2008021 School for Social and Policy Research 2008 Population Studies Group School for Social and Policy Research Charles Darwin University Northern Territory
More informationSTATE OF THE STATE MSFCA Strategic Long Range Plan
STATE OF THE STATE - 2016 MSFCA Strategic Long Range Plan Background Research What are the current hot issues affecting the Minnesota Fire Service in 2016. Includes numerous reports/references. See appendix
More information100 days of change. The importance of immigration. March 3, In brief. Laying the groundwork
100 days of change March 3, 2017 The importance of immigration In brief Early actions and statements by the Trump administration suggest significant changes to both illegal and legal immigration into the
More informationof Labour, and as part of this government body, one of its tasks is to expand the workforce via the attraction of skilled migrants into the country.
MAGNET: Migrant Attraction Programme Victoria Forrest Immigration New Zealand Wellington, New Zealand Need/Opportunity / New Zealand Immigration (INZ) is a division of New Zealand s Department of Labour,
More informationGeographic Mobility Central Pennsylvania
Geographic Mobility Central Pennsylvania Centre, Clinton, Columbia, Lycoming, Mifflin, Montour, Northumberland, Snyder, and Union Counties Central Pennsylvania Workforce Development Corporation (CPWDC)
More informationWhose Stories Are We Telling?
The 2007 Hollywood Writers Report Whose Stories Are We Telling? Commissioned by writers GUILD OF AMERICA, WEST writers GUILD OF AMERICA, WEST The 2007 Hollywood Writers Report Whose Stories Are We Telling?
More informationA Regional Comparison Minneapolis Saint Paul Regional Economic Development Partnership
Greater MSP Baltimore A Regional Comparison Minneapolis Saint Paul Regional Economic Development Partnership TOP EMPLOYERS IN AND MSA GREATER MSP EMPLOYER EMPLOYEES EMPLOYER EMPLOYEES Target Corp. 26,694
More information3 1-1 GDP GDP growth rate Population size Labor force Labor participation rate Employed population
INDEX Overview: Thailand 2 1 Economy 3 1-1 GDP 3 1-2 GDP growth rate 5 2 Population 6 2-1 Population size 6 3 Labor force and the related statistics 9 3-1 Labor force 10 3-2 Labor participation rate 12
More informationREPORT. Adcorp. Salient. features. during the month. new government. 110 Adcorp Employment Index (2005=100) 105. Source: Adcorp (2014)
Adcorp Employment Index, January 2014 Release date: Monday, 10 February 2014 Salient features The economy shed 36,290 jobs during January. The biggest losses occurred in permanent work, which lost 22,224
More information3 Recent developments in euro area labour supply
3 Recent developments in euro area labour supply Labour supply developments are an important driver of both the economic recovery and longerterm growth. On the structural side, labour supply can be a significant
More informationProfile of the New Brunswick Labour Force
Profile of the New Brunswick Labour Force October 213 213 Profile of the New Brunswick Labour Force Province of New Brunswick PO 6, Fredericton NB E3B 5H1 www.gnb.ca 213.11 ISBN 978-1-465-247-1 (Print
More informationBerkeley Review of Latin American Studies, Fall 2013
Home Share to: Berkeley Review of Latin American Studies, Fall 2013 An American flag featuring the faces of immigrants on display at Ellis Island. (Photo by Ludovic Bertron.) IMMIGRATION The Economic Benefits
More informationHow Changes in Immigration Can Impact Future Worker Shortages in the United States and Silicon Valley
How Changes in Immigration Can Impact Future Worker Shortages in the United States and Silicon Valley Ben Gitis, Douglas Holtz-Eakin October 23, 2015 How Changes in Immigration Can Impact Future Worker
More informationMigrant Youth: A statistical profile of recently arrived young migrants. immigration.govt.nz
Migrant Youth: A statistical profile of recently arrived young migrants. immigration.govt.nz ABOUT THIS REPORT Published September 2017 By Ministry of Business, Innovation and Employment 15 Stout Street
More informationHouse Select Committee on the State s Role in Immigration Policy
REMARKS House Select Committee on the State s Role in Immigration Policy Tamar Jacoby President, ImmigrationWorks USA February 29, 2012 Thank you, Chairmen Iler and Warren, for this opportunity to appear
More informationTown of Niagara-on-the-Lake Official Plan Review Growth Analysis Technical Background Report
Town of Niagara-on-the-Lake Official Plan Review Growth Analysis Technical Background Report In association with: October 16, 2015 Contents Page Executive Summary... (i) 1. Introduction... 1 2. Population,
More informationLEBANON: SKILLED WORKERS FOR A PRODUCTIVE ECONOMY?
LEBANON: SKILLED WORKERS FOR A PRODUCTIVE ECONOMY? Nabil Abdo OUTLINE Demographics of the lebanese labour market. Education and the labour market Lebanon: low productive economy Little space for skilled
More informationOur American States An NCSL Podcast
Our American States An NCSL Podcast The Our American States podcast produced by the National Conference of State Legislatures is where you hear compelling conversations that tell the story of America s
More information3 SOCIOECONOMIC ANALYSIS
3 SOCIOECONOMIC ANALYSIS A. INTRODUCTION Cumberland, Maryland has historically been the center for manufacturing and industry within Western Maryland with multimodal (rail, auto, and recreation) transportation
More informationAlberta s Demand for Workers is Affecting the Labour Market in BC
Volume 4, Issue 2, April 2014 Alberta s Demand for Workers is Affecting the Labour Market in BC Highlights Through inter-provincial migration, BC has experienced a significant loss of working-age individuals
More informationCanadian Labour and Business Centre. handbook. clbc IMMIGRATION & SKILL SHORTAGES DRAFT JULY 2004
Canadian Labour and Business Centre clbc handbook IMMIGRATION & SKILL SHORTAGES DRAFT JULY 2004 CANADIAN LABOUR AND BUSINESS CENTRE Contents Preface... i 1. Trends in Immigration... 1 2. Immigration as
More information-121- THE RETRAINING ACT AND THE U. S. EMPLOYMENT SERVICE - THEIR IMPACT ON RURAL COMMUNITIES. by Homer J. Freeman
-121- THE RETRAINING ACT AND THE U. S. EMPLOYMENT SERVICE - THEIR IMPACT ON RURAL COMMUNITIES 1 by Homer J. Freeman I appreciate the invitation to participate in your conference. My visits to Iowa State
More informationChapter 2: The U.S. Economy: A Global View
Chapter 2: The U.S. Economy: A Global View 1. Approximately how much of the world's output does the United States produce? A. 4 percent. B. 20 percent. C. 30 percent. D. 1.5 percent. The United States
More informationREPORT. Highly Skilled Migration to the UK : Policy Changes, Financial Crises and a Possible Balloon Effect?
Report based on research undertaken for the Financial Times by the Migration Observatory REPORT Highly Skilled Migration to the UK 2007-2013: Policy Changes, Financial Crises and a Possible Balloon Effect?
More informationChina, India and the Doubling of the Global Labor Force: who pays the price of globalization?
The Asia-Pacific Journal Japan Focus Volume 3 Issue 8 Aug 03, 2005 China, India and the Doubling of the Global Labor Force: who pays the price of globalization? Richard Freeman China, India and the Doubling
More informationThe Earn, Learn, Return Model: A New Framework for Managing the Movement of Workers in the APEC Region to Address Business Needs
The Earn, Learn, Return Model: A New Framework for Managing the Movement of Workers in the APEC Region to Address Business Needs EXECUTIVE SUMMARY Skills shortages and mismatches remain an acute concern
More informationLabour Migration and Labour Market Information Systems: Classifications, Measurement and Sources
United Nations Economic Commission for Europe Statistical Division Labour Migration and Labour Market Information Systems: Classifications, Measurement and Sources Jason Schachter, Statistician United
More informationPolicy brief ARE WE RECOVERING YET? JOBS AND WAGES IN CALIFORNIA OVER THE PERIOD ARINDRAJIT DUBE, PH.D. Executive Summary AUGUST 31, 2005
Policy brief ARE WE RECOVERING YET? JOBS AND WAGES IN CALIFORNIA OVER THE 2000-2005 PERIOD ARINDRAJIT DUBE, PH.D. AUGUST 31, 2005 Executive Summary This study uses household survey data and payroll data
More informationThe Contributions of Immigrants and Their Children to the American Workforce and Jobs of the Future
ASSOCIATED PRESS/JACQUELYN MARTIN The Contributions of Immigrants and Their Children to the American Workforce and Jobs of the Future Dowell Myers, Stephen Levy, and John Pitkin June 19, 2013 www.americanprogress.org
More informationRefocusing Express Entry July Stakeholder Consultations
Refocusing Express Entry July 26 2016 Stakeholder Consultations Express Entry: purpose and objectives Since launch on January 1, 2015, Express Entry has represented a major shift in the way Canada selects,
More informationNATIONAL POPULATION PLAN FOR REGIONAL AUSTRALIA
NATIONAL POPULATION PLAN FOR REGIONAL AUSTRALIA February 2019 KNOWLEDGE POLICY PRACTICE KEY POINTS People vote with their feet and many are showing strong preferences for living in regions. Enhancing liveability
More informationResponding to the Academic. CAUT Submission to Immigration, Refugees & Citizenship Canada
Responding to the Academic Sector s Use of TFWPs CAUT Submission to Immigration, Refugees & Citizenship Canada August 2018 Introduction The Canadian Association of University Teachers (CAUT) represents
More information