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Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
The study analyses the global employment situation five years after the start of the global financial crisis. It looks at labour market performance and projections both at the global and regional levels.
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Globally, 75 million youth between 15 and 24 years of age are unemployed. What are governments doing to alleviate the situation?
Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
The problem of youth unemployment is a ticking time bomb scenario, making one wonder if being young is really an advantage and whether such a large group of disgruntled youth will hold the key to the future of nations.
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Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
This fact sheet sheds some light on the relationship between education and labour market outcomes by providing a brief overview of the impact of economic changes on individuals with different levels of educational attainment to identify which groups have been most affected by the economic downturn and which have benefitted most from the recovery.
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Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
The case studies concurred that the impact of the global economic crisis on higher education was not as severe as anticipated. In some countries, public investment on education has increased as a result of various stimulus packages. This, in part, can be attributed to the countries’ recognition of higher education’s potential contribution to economic growth.
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Canadian Vocational Association / Association canadienne de la formation professionnelle's insight:
Amid the Great Recession (2007-2009) and rapid technological changes, both workers with less education and workers who have been displaced from long-tenured jobs face challenges because they lack the particular skills that employers demand for well-paying jobs.
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We show that cyclical skill mismatch, defined as mismatch between the skills supplied by college graduates and skills demanded by hiring industries, is an important mechanism behind persistent career loss from graduating in recessions.