A few weeks ago, we discussed the changes in the job market since 1988, but the focus was primarily on the most common jobs.
Now, let’s take a look at which industries are struggling to find qualified candidates or to keep them.
As AI becomes more prevalent, it’s essential to consider several key factors when thinking about jobs and the future of work.
One thing to consider is whether an industry is ripe for disruption … or just replacement. Another consideration is whether a role can be easily automated.
To start, try to understand which industries are currently seeking job candidates and have long-term stability. Here is a chart from VisualCapitalist showing global employers expecting challenges hiring talent.
Voronoi via visualcapitalist
Labor shortages are increasing globally, and yet many young adults are struggling to find careers.
This chart helps us understand where skilled workers are needed and which industries may be struggling.
Real estate tops the list with 60% anticipating hiring difficulties in the near term. With high interest rates and market volatility, it does make sense. People tend to look for easy wins, and volatility scares both investors and employees alike.
While we know that retail & fast food workers are still among the most common jobs, hospitality has been struggling. This could be caused by labor conditions and complaints about compensation.
Meanwhile, tech, healthcare, and telecom are the least affected by job insecurity. While these are saturated markets, they’re also growing markets with well-defined career paths and consistent demand.
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