Work

WHAT'S NEXT?: AI will replace 16% of jobs over the next decade. A billion people will enter the job market over the next ten years.

[New] The two billion people who work in the informal sector are among the most at risk of losing income and often have no job security or safety net to fall back on.
[New] Decarbonisation of the global energy system can grow the global economy and create up to 28 million jobs by 2050.
[New] Both GS and CBO expect the US unemployment rate to peak in the third quarter of this year at 15.1 and 16%, respectively, and the underemployment rate to peak at 29.2%.
[New] Unemployment is expected to steadily climb in the coming months as Britain grapples with the deepest recession in more than three centuries, while the Treasury has also been warned the gradual winding down of its emergency support from August could trigger a fresh wave of job losses.
[New] 25-30 percent of the U.S. workforce will be working from home multiple days a week by the end of 2021.
[New] The US Congressional Budget Office released its own bleak outlook Tuesday on economic growth, unemployment and the federal budget, predicting job gains later this year but an overall climate that will remain subdued through 2021.
[New] The US Congressional Budget Office (CBO) projects that the unemployment rate will average 10.1% over 2021 and still be at 9.5% at the end of 2021.
[New] The US Congressional Budget Office projects that the unemployment rate will average 10.1% in 2021 and still be at 9.5% in 2021's final months.
[New] Drones in construction present the largest opportunity for new jobs - nearly doubling the opportunity for the next closest industry - agriculture.
[New] COVID-19 has put 25 gigawatts of US wind projects at risk, representing 35,000 jobs, $35 billion in investment, and $8 billion in tax revenues and land lease payments for state and local economies.
[New] Over the next 10 years the occupation that will add the most jobs is personal care aides, not health workers but aides who bathe and clean people.
[New] Shifting to a new climate economy could generate 65 million new low-carbon jobs globally in 2030, more than offsetting employment reductions in declining sectors and leading to a net employment gain of 37 million jobs.
[New] Investments to both save and create jobs in New Zealand's Budget 2020 mean unemployment can be back to pre COVID-19 levels within two years and could see the economy growing again as early as next year.
[New] Every $1 million in spending generates less than three fossil fuel jobs, but will generate more than seven full-time jobs in renewable energy and almost eight full-time jobs in energy efficiency.
[New] A program to reduce emissions from new sources would require about $200 million in capital costs and support approximately 1,500 jobs across the United States by 2025.
[New] The UN recently warned that nearly half of all jobs in Africa could be lost due to coronavirus, while income losses in developing countries could total $220bn.
[New] Policymakers should be focused on creating the conditions that enable the 1 in 5 Americans who have lost their jobs to reconnect with their previous employers or find new employment, instead of incentivizing them to remain unemployed until 2021.
By 2050, up to 42 million people could work globally in the renewable energy sector, four times more than today.
Rising US unemployment and reduced economic activity could depress state and local revenues by $500 billion or more by the end of 2021.
If the recent projections for the path of the unemployment rate estimated by the Congressional Budget Office (CBO) come to pass, that state and local governments will be facing a revenue shortfall of nearly $1 trillion by the end of 2021.
The US Congressional Budget Office projects that without additional relief, the unemployment rate will average 16% in the third quarter of this year and 10.1% for the entire calendar year of 2021.
By the end of this year the tourism industry is forecast to lose between 850 million and 1.1 billion tourists, with up to 120 million jobs at risk and a global loss of up to £970bn in export revenues from tourism.
900,000 new jobs will be generated in the creative industries between 2013 and 2030, with local economies growing their creative industries employment by an average of 11%, twice as fast as other sectors.

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Last updated: 24 May 2020