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EXECUTIVE SUMMARY

Global Labor Market Outlook 2019: No End in Sight to Worker Shortages

In 2019, economic and employment growth is likely to slow down across most mature economies, with the US still growing faster than most other countries. Still, employment is likely to remain strong enough to further tighten the labor market and further accelerate wage growth. Within this overall trend, there is still large variation across countries.

Some countries like Germany, Japan, and the US and broader regions like Central and Eastern Europe are experiencing historically tight labor markets, making it harder for employers to recruit and retain workers, which leads to accelerating labor cost and pressure on profits.

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AUTHORS

GadLevanon.jpg

Gad Levanon, PhD

Vice President, Labor Markets
The Conference Board

Steemers Frank - bio picture_25april2019_website.jpg

Frank Steemers

Economist
The Conference Board

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Elizabeth Crofoot

Senior Economist, Labor Markets
The Conference Board

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