New skills for new jobs

New skills for new jobs


The economic crisis led
to widespread job loss and unemployment, and millions of workers need to look
for work in new sectors and occupations. This started with many workers
in finance and construction, the sectors first hit by the crisis. But as the economic crisis spread,
no occupation was immune. Increasingly, workers find themselves
in situations where it is unlikely that they would get another job similar
to their previous one. Now, according to our new report,
in many countries, there is a considerable mismatch
between the skills unemployed workers have and the skills demanded
by companies looking for workers. The skills mismatch means that it takes unemployed people
much longer to find a new job, and this drives up long-term
unemployment rates. Skills mismatch is also increasing
in many countries, and especially affects young people
who get most of their training and education before they start working
or early in their careers. This issue will be highlighted
in the upcoming report from the ILO, Global Employment Trends for Youth. We recommend that policy makers
take coordinated action to reduce unemployment, including services to make job search
and matching more effective, like investing in jobs skills
and retraining programs. What the crisis has brought into sharp focus
is that more is needed to bridge the gap between existing skills and what employers
demand so that we get people back to work.

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