This article originally appeared on The Career Everywhere Blog by uConnect.
The divide between what job seekers offer and what employers need continues to be a massive problem. Today, there are 7.5 million unfilled jobs and nearly 10 million people unemployed, in the U.S. alone. Students will enter a workforce where as many as 120 million workers in the world’s 12 largest economies may need to be retrained or reskilled by 2022, according to a recent IBM report.
Labor market data has quickly emerged as an essential tool to help students, and job seekers more broadly, understand what pathways might be available to them, and the skills and experiences required to pursue those pathways.
Old industries are being disrupted, new ones are quickly emerging, and the future of work is uncertain to most people. One thing we know is true, the stakes are as high as ever for businesses navigating the new normal, and employers have become increasingly specific about the type of skills and talent they need represented in their workforce.
As students and job seekers navigate the job market, knowing what skills are in demand for the jobs and pathways they are pursuing is foundational knowledge to be successful in the job search process and, without that information, candidates are at a massive disadvantage. Historically, labor market data has been a missing component of the student experience – until now.
Click to keep reading on the uConnect blog.
