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WHAT'S NEXT?: AI will replace 16% of jobs over the next decade. A billion people will enter the job market over the next ten years.

[New] Augmenting human capabilities with artificial intelligence will create $2.9 trillion in business value and add 6.2 billion hours of worker productivity in 2021.
[New] Since the coronavirus outbreak was declared a pandemic in March, the U.S. unemployment rate has skyrocketed, and the International Monetary Fund predicts the U.S. gross domestic product will shrink in 2020, while the Chinese economy will achieve positive growth.
[New] Employment of healthcare jobs is projected to grow 14% from 2018 to 2028, adding roughly 1.9 million new positions and projected to grow much faster than the average for all other jobs.
[New] The digital economy presents a significant opportunity for the Algerian economy to keep pace with the changing nature of work in the 21st century, maintain competitiveness on the global scale, and diversify revenue away from hydrocarbons.
[New] In addition to increasing job creation for youth, expanding the digital economy could contribute to economic growth and help Algeria diversify its revenues away from hydrocarbons.
[New] If gender parity in the labor force were reached in the MENA region, GDP could increase as much as 47% by 2025 over 2014 levels, constituting a total value of $2.7 trillion.
[New] A conservative estimate of a potential hydrogen industry in Australia could see it contribute around $11 billion a year to Australia's GDP, as well as creating 7,600 new jobs.
[New] The world is expected to witness a 6.7% elimination of working hours, which is equivalent to 195 million jobs, in the second quarter of 2020 due to economic disruption triggered by the COVID-19 pandemic.
[New] New investment of $350 billion a year in sustainable food and land use systems could create as many as 120 million new jobs and unlock up to $4.5 trillion in new business opportunities by 2030.
[New] Information technology sector employment will have grown over 10% from 2014 levels by 2024 - consisting of more than 650 jobs (of which around 250 will come after 2019), projecting a strong increase in the demand for digital skills.
[New] 2020 will be the toughest year for closures and job losses since 2008/9, with forecasts predicting 235,704 job losses and 20,620 store closures by the end of the year.
[New] Unemployment in the UK will reach record highs of up to 11.7% by the end of 2020, without a second wave of coronavirus.
[New] There are up to 4.5 million stranded Bangladeshi migrants across the world and that there could be hundreds of thousands of migrant workers returning to Bangladesh by the end of the year.
[New] The UK OBR's central forecast for the coming months and years makes for grim reading - with the unemployment rate predicted to reach 12% by the end of 2020 and remain well above the current rate even by the middle of the decade.
[New] As working from home becomes increasingly normal, Microsoft expects that in five years, 149 million jobs will be created around the world in areas such as data analysis.
[New] Even by applying more conservative projections, such as recovering all job losses by the end of 2020 and payroll tax revenue holding steady at pre-COVID levels, US Medicare still becomes insolvent in 2023.
[New] Confidence among Thailand's tourism business operators fell to the lowest level in a decade during the second quarter in 2020, with about 2.6 million workers already unemployed and about another 100,000 expected to be laid off in Q3 as a result of the Covid-19 pandemic.
[New] With COVID-19 creating a new paradigm in the way many of us work, the demand for data will continue to accelerate significantly over the coming years.
[New] Some migrant workers from neighboring Myanmar and Cambodia are stuck with no wages from their jobs as hotel cleaners, kitchen hands and food stall operators, and the Thai tourism and sports ministry estimates that 60% of hospitality businesses could close by the end of the year.
UK consumer spending remains weak in several areas and growth could falter later in the year as job losses begin to mount.
Looking forward to 2030, Ontario's green infrastructure sector could be worth more than $10 billion in GDP and employ more than 146,000 jobs with targeted investments and policy support over the next decade.
The Australian quantum computing market has the potential to create over 10,000 jobs and generate $2.5bn in annual revenues by 2040.
One billion jobs - roughly one-third of all jobs worldwide - are expected to be transformed, and 133 million new jobs will be created to meet future demand.

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Last updated: 02 August 2020