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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 U.S. unemployment rate rose 0.2 percentage point to 3.9% in December before increasing 0.1 percentage point to 4.0%: Average monthly job growth is forecast to slow from over 200,000 in 2018 to about 160,000 in 2019; this still enough to keep pushing down the unemployment rate.
[New] RPA projects that New York City could potentially add 1.2 million new people and over 800,000 new jobs by the year 2040.
[New] U.S. companies face a major skills shortage for technical roles in particular - AI engineers will be in great demand in the coming years as AI technology expands.
[New] If trends continue at the current rate, economists estimate that by the early 2030s, tech innovation could dismantle and semi - automate roughly 38 percent of jobs in the U.S. alone
[New] The World Economic Forum has predicted a net loss of 5 million jobs in 15 developed and emerging markets by 2020 as robots replace humans.
[New] Plan Bay Area 2040, a regional roadmap prepared by Bay Area Metro, forecasts the addition of 1.3 million more jobs and 2 million more people to the Bay Area between 2010 and 2040.
[New] Labor has pledged $1 billion for a National Hydrogen Plan to develop an Australian hydrogen industry which it said could be worth $10 billion in exports in 20 years and create 16,000 jobs.
[New] In reality, workers wages will rise over time with inflation, such that in 10 years time, people earning $180,000 may not be considered high earners.
[New] A potent new wave of automation technologies is widely forecast to eliminate millions of American jobs in the coming years, and Wisconsin is among the most vulnerable states.
Trade tensions that have escalated between the United States and China over 2018 are expected to weigh on TFP growth in the coming years.
The CBO, the Federal Reserve and the Blue Chip forecasters all predict US annual growth at 2 percent or below after this year, largely because of slowing labor force expansion.
Experts believe AI will add nearly $16 trillion to the global economy by 2030, and 20% of companies surveyed are already planning to incorporate AI throughout their companies next year.
If left unaddressed, the global talent crunch will create more than 85 million unfilled jobs by 2030 - costing companies trillions of dollars in lost economic opportunity.
The average high street in England and Wales has lost 40 shops in the past five years: More than 160,000 retail jobs are expected to be lost this year.
Improved participation rates in Canada could add 2.2 million workers to the labour force by 2040, including more women, Indigenous people, and persons with disabilities, as well as $101 billion to the economy.
Beyond just damage control, well-designed policies create economic opportunities for Canadian workers and businesses, not just limited to the $26 trillion global opportunity in clean growth.
Cooperation in the defense industry will not only provide an economic incentive for closer defense relations but will support the long-term development and modernization of the AFP, thereby transforming it into a more capable and reliable ally.
Automation, robotics and digital technologies will continue to affect the kind of jobs that are available in almost every industry for years to come, making worker retraining and public policies on the ramifications of tech development on the American workforce much more important.
Economists expect job growth will slow this year as fewer workers become available, which will push up wages and lift inflation back to the Fed's 2 percent target.
2.6m increase in jobs forecast by Oxford Economics in the financial and business services employment between 2019 and 2021.
By 2030, the global talent shortage could reach 85.2 million people, costing companies trillions of dollars in lost economic opportunity.

Last updated: 19 May 2019