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 needs of the U.S. economy go beyond people with Ph.D.'s, pointing to home health aides, nurses and other jobs projected to grow in the coming years.
[New] UK unemployment is likely to rise to around 10% later in 2020 and could stay above its current level in the coming years due to economic scarring and hysteresis in the labour market.
[New] Mid-level occupations in Scotland, representing 31% of jobs in 2019, will decline to 24% of all jobs by 2029, with most of the relative growth occurring in lower level occupations.
[New] The ILO calculated the cost of global warming to the global workforce, predicting that increased heat stress would lead to productivity losses equivalent to 80 million jobs a time full in 2030.
[New] In a report last year, the ILO calculated the cost of global warming to the world's workforce, projecting that an increase in heat stress would lead to productivity losses equivalent to 80 million full-time jobs in 2030.
[New] Employers expect nearly two in five of job roles to alter significantly or become redundant as a result of new digital technology and automation in the next five years - affecting 12 million workers across the UK.
[New] The CBO expects the US unemployment rate to surge to 14% in the second quarter and remain elevated for the rest of the year - 15% in the third quarter and 11% in the fourth.
[New] Without liability reform, the U.S. could lose one million jobs next year, or workers could loose 500,000 to 1 million jobs through end of 2021 and wages lose $25 to $50 billion.
[New] In the future, an improved supply chain will help support Canadian productivity growth efforts and improve Canadian presence on global markets, generating more than 16,000 jobs and contributing $16.5 billion of GDP by 2028.
[New] A bold response to climate change would have a cumulative positive economic impact of $26 trillion by 2030 and create more than 65 million low-carbon jobs.
[New] Decarbonization in Latin America and the Caribbean can create 15 million net jobs by 2030 in sectors such as sustainable agriculture, construction and renewable energy.
[New] If US unemployment remains above 10% through the end of 2020, as the Congressional Budget Office (CBO) projects, non-elderly Medicaid enrollment will likely rise by 9 to 16% compared to pre-crisis levels, or by 5 to 8 million people.
[New] With energy demand growing, there is an opportunity to create 87 million jobs and $3.5 trillion in business opportunities by 2030.
[New] The social care sector employs more than 1.5 million workers in England and will need to create at least a further 520,000 jobs over the next 15 years to meet the needs of growing numbers of people over 65.
Augmenting human capabilities with artificial intelligence will create $2.9 trillion in business value and add 6.2 billion hours of worker productivity in 2021.
Since the coronavirus outbreak was declared a pandemic in March, the U.S. unemployment rate has skyrocketed, and the International Monetary Fund predicts the U.S. gross domestic product will shrink in 2020, while the Chinese economy will achieve positive growth.
Employment of healthcare jobs is projected to grow 14% from 2018 to 2028, adding roughly 1.9 million new positions and projected to grow much faster than the average for all other jobs.
The digital economy presents a significant opportunity for the Algerian economy to keep pace with the changing nature of work in the 21st century, maintain competitiveness on the global scale, and diversify revenue away from hydrocarbons.
In addition to increasing job creation for youth, expanding the digital economy could contribute to economic growth and help Algeria diversify its revenues away from hydrocarbons.
If gender parity in the labor force were reached in the MENA region, GDP could increase as much as 47% by 2025 over 2014 levels, constituting a total value of $2.7 trillion.
A conservative estimate of a potential hydrogen industry in Australia could see it contribute around $11 billion a year to Australia's GDP, as well as creating 7,600 new jobs.
The world is expected to witness a 6.7% elimination of working hours, which is equivalent to 195 million jobs, in the second quarter of 2020 due to economic disruption triggered by the COVID-19 pandemic.
New investment of $350 billion a year in sustainable food and land use systems could create as many as 120 million new jobs and unlock up to $4.5 trillion in new business opportunities by 2030.

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Last updated: 09 August 2020