Job Market Monitor
Skill Shortages
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
Skills Gap in Europe – Shortages and mismatch are a major concerns
Skill shortages and skill mismatch are major concerns for policy-makers. With mass job destruction and sectoral restructuring following the recent economic crisis, four in 10 EU employers had difficulty finding people with the right skills, while unemployment rates peaked. Rapid digitalisation and technological skills obsolescence has also raised concerns about the extent to which the … Continue reading
Skills Gap in UK – Skill shortages in the economy is modest research finds
At the simplest level, skill mismatches refer to a failure of skill supply to meet skill demand. Mismatches, depending upon their intensity and scale, can be damaging: they can act as a drag on economic growth, limit the employment and earnings opportunities of individuals, and prevent companies maximising their performance. The key findings from the … Continue reading
Skills Gap in US – Skill shortages are not a significant factor impeding current employment growth research finds
Consistent with the view that much of current unemployment must be structural rather than cyclical in nature, even as unemployment has been slow to fall from its recent high level, a number of reports have cited short- ages of skilled workers as a significant barrier to business expansion. A 2011 report by Deloitte and the … Continue reading
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