According to the Future of Jobs Report from the World Economic Forum, there will be a net loss of 14 million jobs by 2027, with technology driving both employment growth and job decline. The most in-demand core competencies for businesses are analytical and creative thinking.
The World Economic Forum (WEF) has released its Future of Jobs Report for 2023, which predicts the job market outlook for the next five years. During this time, 69 million jobs are expected to be created, but 89 million jobs are expected to be lost, resulting in a net loss of 14 million jobs or 2% of jobs available today. Technology will be a major driver behind the jobs that are both created and lost. According to the report, jobs that are expected to grow the most relative to the existing proportion of the labor force include AI and Machine Learning Specialists, Sustainability Specialists, and Business Intelligence Analysts. Jobs that are expected to decline the most relative to the existing proportion of their current labor force include Bank Tellers, Postal Service Clerks, and Cashiers, among others. Analytical thinking and creative thinking are the top two most valued core skills for businesses, followed by resilience, flexibility, agility, motivation, self-awareness, curiosity, and lifelong learning.