Global Labor Market Outlook 2018: Finding Ways to Counteract Worker Shortages
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "ACCEPT", you acknowledge our privacy policy and consent to the use of cookies. 

Global Labor Market Outlook 2018: Finding Ways to Counteract Worker Shortages

/ Report

As the global economy continues to strengthen and working-age population remains stagnant, tightening labor markets will become a growing concern in many major economies in 2018. By 2019, labor market tightness could reach levels not seen for decades, especially in the US, Japan, UK, and several countries in Central and Eastern Europe. With the large generation of baby boomers continuing to leave the labor force for 10 to 15 more years, labor shortages are likely to get worse before they get better, and they may become a drag on growth if governments and employers are not able to accelerate their capacity to produce.

As the global economy continues to strengthen and working-age population remains stagnant, tightening labor markets will become a growing concern in many major economies in 2018. By 2019, labor market tightness could reach levels not seen for decades, especially in the US, Japan, UK, and several countries in Central and Eastern Europe. With the large generation of baby boomers continuing to leave the labor force for 10 to 15 more years, labor shortages are likely to get worse before they get better, and they may become a drag on growth if governments and employers are not able to accelerate their capacity to produce.

Authors

Gad Levanon, PhD

Gad Levanon, PhD Gad Levanon, PhD

Former Vice President, Labor Markets
The Conference Board

Read Bio

Ilaria Maselli

Ilaria Maselli Ilaria Maselli

Former Senior Economist
The Conference Board

Read Bio

Frank Steemers

Frank Steemers Frank Steemers

Former Senior Economist
The Conference Board

Read Bio

This publication is only available to Members. Please sign in to your myTCB® account to access it. To learn more about becoming a Member, click here. To check if your company is a Member, click here

Sign In

Forgot your password

Create An Account

 

Keep my computer signed in

Forgot your password

Create An Account

myTCB® Members get exclusive access to webcasts, publications, data and analysis, plus discounts to events.

Other Related Resources