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IT Skills Gap in Europe / Skills mismatches and occupational shifts have worsened

“In all countries, there is an expectation that many of the new jobs created will be in the knowledge-intensive economy,” said Glenda Quintini, a senior labour economist at the Organization for Economic Cooperation and Development. “But we are seeing a worrisome skills mismatch that means a large number of unemployed people are not well prepared for the pool of jobs opening up.”

Employers have long complained that graduates do not have the skills they need. But in a recent report, the International Labor Organization warned that “skills mismatches and occupational shifts have worsened” in Europe in the wake of the crisis. People laid off in hard-hit sectors, from construction to finance, face lengthy retraining, while too few graduates entering the job market have chosen engineering, science or technology degrees for the growing innovation-based jobs market.

The gap in Europe has important consequences for the recovery, as the Euro zone grapples with unemployment rates stuck stubbornly above 12 per cent: It may hold back a return to meaningful growth and generate “significant economic and social costs,” according to the European Commission, the policy-making arm of the European Union.

The International Labor Organization went further, warning that the gap might contribute to extended spells of unemployment and might reduce the effectiveness of policy interventions to stimulate growth. In the United States, the phenomenon has also helped contribute to a rise in long-term joblessness, the organisation said.

Around two million job vacancies around the European Union are languishing unfilled, about the same number as in 2010, in sectors ranging from hotel work to computer programming, according to Eurostat, the statistics office of the European Union.

Chosen excerpts by Job Market Monitor. Read the whole story at 

Capture d’écran 2014-01-04 à 13.59.10

via Jobless stymied by lack of tech skills in Europe | Business Standard.

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