Unemployment across the OECD sits at 5.3% - the lowest rate in the last 20 years. More employers than ever are struggling to fill open jobs — by some estimates, 45%of firms across the OECD say they can't find the skills they need, up from 40% in 2017. Emerging technologies will continue to alter company hiring needs.
At the same time, some people and places are struggling to keep pace. The future prosperity of regions and cities will depend not only on equipping the existing workforce with the right skills, but also on successfully engaging disadvantaged groups so that they are fully contributing to local labour markets.