78 Million New Jobs Expected: Insights from the Latest WEF Report on the Future Job Market

Events & Jobs Events

Posted by admin on 2025-01-15 06:55:59 |

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The global jobmarket is undergoing significant transformation, shaped by technologicaladvancements, demographic shifts, and economic pressures. The World EconomicForum’s (WEF) Future of Jobs Report 2025 highlights the opportunities andchallenges reshaping the world of work, projecting major changes by 2030.

Job Creation and Displacement
The report estimates the creation of 170 million new jobs globally by 2030,offset by the displacement of 92 million roles, resulting in a net gain of 78million jobs. Disruptions are expected to impact 22% of roles, driven byadvancements in artificial intelligence (AI), robotics, renewable energy, anddemographic and geopolitical trends. The findings, based on data from over1,000 companies, emphasize a dual reality where some roles will flourish whileothers decline.

Fastest Growing and Declining Roles
Frontline roles, such as farm workers, delivery drivers, construction laborers,nurses, and educators, are expected to grow significantly, reflecting societalneeds and demographic trends. Additionally, specialist positions in AI,renewable energy, and environmental engineering are poised for expansion,driven by sustainability and technological innovation.

Conversely,automation and generative AI technologies are accelerating the decline of roleslike cashiers, ticket clerks, administrative assistants, and even creative jobslike graphic designers. Over the next five years, high-growth roles willinclude agricultural laborers, software developers, and building tradesworkers, while roles like stock clerks, building cleaners, and printing workerswill see steep declines.

The Skills Revolution
A widening skills gap presents a critical challenge, with nearly 40% ofrequired skills expected to change by 2030. The report highlights the growingdemand for technology-related skills in AI, big data, and cybersecurity,alongside human-centric capabilities such as creative thinking, resilience,flexibility, and leadership.

Top skills for thefuture include proficiency in emerging technologies, creative problem-solving,and adaptability, underscoring the importance of lifelong learning and theblend of technological and interpersonal expertise.

Call to Action
The WEF’s report calls on governments, businesses, and individuals to invest inreskilling and prioritize skills development to harness emerging technologieseffectively. By addressing these challenges, stakeholders can build a moreequitable and sustainable global job market.

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