News & Resources
South Korea faces looming labour shortage
South Korea’s workforce is set to face a significant decline in the coming years, with an estimated shortage of 820,000 employees by 2033, according to a recent report by the Korean Employment Information Service. Read More
South Korea faces shortage of over 820,000 workers by 2033
The size of Korea’s economically active population is predicted to start declining in five years and the country will face a shortage of 820,000 workers by 2033, according to a report, Monday. Read More
South Korea expected to face shortage of 1 million care workers 20 years later
Korea is projected to face a shortage of nearly 1 million care workers 20 years from now amid the country's rapidly aging population, a government report showed Tuesday. Read More
Australia faces severe worker shortage amid housing project goals
The Australian construction industry is currently facing a severe labour shortage that has resulted in the loss of 27,000 tradespeople and construction workers over the last year. Read More
‘We need this influx’: Regional towns beg for more migrants — and more houses for them to live in
As Australia’s capitals are squeezed by record population growth, regional towns and cities across the country have one message — bring them here. Read More
Current skills shortages
Analysis of current skills shortages shows that 36% of occupations assessed were in national shortage (332 out of 916) in 2023, 5 percentage points higher than the 2022 Skills Priority List (SPL). Read More
Australia to face shortage of 250,000 skilled workers in finance, tech, and business sectors by 2030
Australia is projected to face a shortfall of 250,000 skilled workers in finance, technology, and business (FTB) roles by 2030, as workforce demand surges and the education system struggles to keep pace. Read More
What’s the latest on labour shortages and surpluses in Europe?
Ever year, the European Labour Authority provides information on the status of the labour market via its series of EURES reports on imbalances. The seventh edition of the report paints an even more vivid picture thanks to new methods allowing for a more comprehensive overview of what is happening, where, and why. Read More
Gaps on the European labour market 2024 continue to increase
The EURES report on European labour 2024 shows that persistent labour shortages, as well as surplus occupations in in European key sectors continue to rise. The seventh edition of this report, which gathers data from across 31 EURES countries, provides crucial insights into the nature of employment trends and needs to tackle shortages and surpluses. Read More
EU Commission aims to tackle the EU's skilled labour shortage
To remain competitive, the European Union needs a skilled workforce. A shortage of this is therefore a problem, and the Commission and the European Parliament have recently renewed efforts to tackle it. Read More
A changing European labour market: the role of immigration and new jobs
Active training policies, as well as the ability to attract talent in sectors with the greatest shortage of skilled personnel, will be key if the EU is to make progress in innovation and competitiveness and avoid falling behind its main competitors. Read More
Canada's aging workforce root of national labour shortage
When Prime Minister Stephen Harper gathered the country’s premiers at 24 Sussex Drive last fall, he wanted them to focus on what he saw as the country’s No. 1 economic problem: within a decade or two, there simply will not be enough workers in the country. Read More
America’s Labor Shortages Are Good, Actually
Throughout the United States, “Help Wanted” signs are becoming nearly as ubiquitous as the stars and stripes. The number of job openings in the U.S. hit 11 million in December, which means that there are now roughly two unfilled positions for every involuntarily unemployed American. Read More
South Korean shipbuilders embrace foreign labor amid shortage
GEOJE ISLAND, South Korea -- The sea change afoot in this shipbuilding hub southwest of Busan can be felt at Asia DC Mart, a supermarket that boasts both a view of a 100-meter-tall portal crane and a growing array of imported goods.Read More
Work visa restrictions to ease to combat labor shortages
The government plans to increase quotas and relax employment visas for foreigners to resolve Korea’s worsening shortage of non-skilled workers, especially in manufacturing. Read More
How Skills Shortages in Australia Open the Door for Immigrants
The government is looking at how this latest skills gap can be addressed including making possible changes to immigration policies. This blog explores what issues exist and how skills shortages mean more immigrants may have the opportunity to move to Australia. Read More
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- Chander Mohan