Issue link: https://read.uberflip.com/i/1514798
Global Workforce Trends Q4 2023 vs Q4 2022 New Jobs Postings (% Change) 2023 vs 2022 Q4 2023 vs Q3 2023 Global +5% +2% -10% IT professionals -16% -6% -5% Blue collars/light industrial workers +5% -10% +11% • The global hiring demand slowed down towards the end of 2023 but improved slightly in 2023 compared to 2022. • The OECD unemployment rate was broadly stable at 4.8% in Nov 2023, having remained below 5.0% since July 2022. A slight increase in global unemployment is expected in 2024. • Geopolitical tensions, cost-of-living pressures, and persistent elevated inflation and interest rates are contributing to continued global economic volatility and uncertainly. • Generative AI and other technological advancements such as automation are rapidly accelerating and continuing to transform the way we work, the skills required and how talent is hired. • The skills sets for jobs have changed significantly and are expected to continue evolving rapidly. • Employers emphasized the importance of employee experience and professional development, including training, upskilling, and reskilling, as well as a positive and inclusive work culture as key drivers for retaining talent and staying competitive in tight labor markets. • The global state of remote work is characterized by a shift towards hybrid working models and a decrease in fully remote work opportunities. Source: EOCD, Talent Neuron ManpowerGroup: Global QMR Q4 2023 | 5