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] By 2025 South Africa alone could create 462,000 additional jobs by going green, including in clean energy generation, energy efficiency, pollution control and natural resource management.
[New] The UK's jobs machine continues to deliver with businesses expecting staff numbers to increase in the final months of 2019.
[New] Following a decade of job growth at a robust rate of 22.7%, the number of positions for electrical engineers is expected to keep growing by 10.7% over the next decade.
[New] More than 40 percent of the US physician workforce is at risk for retiring in the next decade.
[New] The rate of growth of the global labour force is projected to decline, owing to a lower rate of growth of the youth population.
[New] While, in some countries, the relative size of the working-age population is set to decline because of population ageing - leading to labour shortages in some sectors in some economies - in others, the relative size of the working-age population is projected to increase over the coming decades.
[New] Workplace automation in Singapore is expected to double within three years to cover 29% of all work done by companies, up from 14% in 2018.
[New] Africa needs to create 20 mio jobs every year, multiply the number of educational centers and improve its infrastructure to respond to its high population growth, which will reach 2 bln by 2050.
[New] Brands need to work with retailers to create more in-store experience opportunities, and use new technology like Augmented Reality to create digital brand experiences that allow consumers to try before they buy online.
[New] A fleet of 16 small modular reactors in place by 2050 could create 40,000 jobs, add £52bn to the UK economy, and have an export value of £250bn.
[New] More than £1 billion a year is needed to adequately protect the UK, with the number of homes at risk from flooding set to double in the coming decades.
[New] Amazon is planning a state-of-the-art facility in Massachusetts: The 350,000-square-foot robotics innovation hub will come with a price tag of $40 million, and will add 200 technology and advanced manufacturing jobs when it opens in 2021.
[New] Digital automation technologies continue to present a tremendous opportunity for Australia's mining and resources sectors with the potential to add $74 billion to the economy and create over 80,000 new jobs by 2030.
[New] By 2050, 12 economies will have an average workforce age of at least 40, with a notable rise in countries either aging at a slower rate or still young, such as Bangladesh (+ 4.7 years) and the Lao People's Democratic Republic (+ 4.4 years).
[New] NAB is expecting wages growth in Australia to remain weak and inflation to return to the bottom of the RBA's target band by the end of 2021.
[New] Even if drilling activity eases the backlog of completions could take more than six months to work off at the recent pace of 1,300 completions per month, so the U.S. is poised to meet virtually all global oil demand growth in 2019, just as it has in 2018.
[New] Developments in artificial intelligence and robotics will not result in mass unemployment but can actually create high-skilled jobs.
[New] By 2020, Millennials are forecasted to comprise half of the American workforce and by 2025-75 percent of the global workforce.
[New] The unemployment rate fell from 12% in 2015 to 6.3% in 2019, and the government estimates the public deficit will be close to zero in 2019 (compared to 4.4% of GDP in 2015), a first since Portugal became a democracy in 1974.
[New] On the assumption that the UK leaves the EU with a deal by the end of Q1 2020, EY ITEM Club expects employment growth to slow from 1.0% in 2019 to 0.6% in 2020.
[New] By 2030, ASEAN is expected to become the fourth-largest economy in the world, after the US, China and the European Union, and with the world's third largest labour force, after China and India.
[New] The U.S economy will add over 2 million jobs this year on top of the 4 million jobs created over the prior two years and wages are increasing faster than inflation.
[New] A recent OECD (Organization for Economic Co-operation and Development) report forecast that over the next 15 years about 14 percent of jobs will be eliminated, about 30 percent will be significantly transformed, and almost every other job will be transformed to some extent.

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Last updated: 17 November 2019