World Economic Forum Future of Jobs Report Shines Spotlight in Indeed Labor Market Insights
Healthcare and Care Job Postings Growth Outpaced Other Occupations in More Than Half of Countries Analyzed
AUSTIN, TX, May 1, 2023 – Indeed, the #1 jobs and hiring site in the world and part of Recruit Group, is proud to announce its collaboration with the World Economic Forum (WEF) and its newly released “Future of Jobs” report. Indeed’s labor market insights, which can be found in the Future of Jobs report, shows that employer demand for workers in social-related sectors, such as healthcare, education, and others, have demonstrated noteworthy growth compared to all other job postings in the countries examined.
“Through our findings, it is clear that social sectors such as healthcare, education, and others are less dependent on consumer demand and are unlikely to waver due to macroeconomic headwinds. By increasing investments in these areas, economies around the world could fill these jobs faster and in turn improve societal wellbeing,” said Indeed Chief Economist Svenja Gudell. “At Indeed, our mission is to help people get jobs. We are grateful for the opportunity to work alongside the World Economic Forum so that we can shine a brighter light on valuable global labor market insights for both public and private entities who are eager to support long-term sustainable economic growth.”
Indeed notes that there is variation in growth between care, education, and healthcare job postings, depending on the country. Out of the 22 countries examined, social jobs have exhibited a faster growth rate compared to other occupations in 15 of them. A driving force behind this trend can be attributed to the accelerated expansion of Healthcare and Care jobs, which outpaced other occupations in 16 out of the 22 countries analyzed. This trend underscores the indispensable role that these occupations have played in the context of the COVID-19 pandemic. Furthermore, Education jobs have grown at a faster pace than other jobs in 12 out of 20 countries. France, Ireland, and Belgium have experienced particularly robust growth in social jobs relative to other countries. Conversely, Brazil, United Arab Emirates, and India are among the 7 countries where job growth in social jobs has been slower than that of other occupations.
Additionally, the Future of Jobs report provides a window into how the job market is evolving. The report identifies emerging skills and highlights the impact of technological advancements and demographic changes. The report will be released at the WEF Growth Summit being held in Geneva Switzerland, May 2-3, 2023 and Gudell, a member of the WEF Chief Economist Community, as well as a member of the WEF’s Global Future Council on the Future of Job Creation, is also taking part in the upcoming Growth Summit. The Growth Summit brings together business, government, civil society, international organizations, and academic leaders to collaborate and innovate across sectors, industries, and geographic boundaries to advance future opportunities and tackle current challenges.
IndeedHiring Lab, an economic research group led by Gudell, provides real-time thought leadership on global labor market conditions, including hiring trends, salary information, popular skills, and employer benefits.
About Indeed
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About Recruit Group
Recruit Group is a global technology company transforming the world of work. We do so by simplifying hiring, helping businesses work smarter, and delivering sustainable growth while creating equitable social impact that enables everyone to prosper together. Operating in more than 60 countries, with key subsidiaries including Indeed, Glassdoor, and its worldwide staffing business, Recruit Group offers talent matching and hiring platforms that drive meaningful connections between job seekers and employers. In Japan, Recruit Group is also focused on streamlining business essentials from sourcing to marketing through its cloud-based smart solutions including matching platforms and SaaS.
Founded in 1960 in Tokyo, Japan, Recruit Group’s mission is to create opportunities for life. We are focused on continued innovation that better matches individuals and businesses around the world in a faster, simpler, and more human way.