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Lack of Qualified Workers Despite Record Unemployment Rates

A survey of thousands of international employers revealed that one in four employers is struggling to fill vacancies, despite unemployment soaring to record highs in Europe and beyond.

The survey from the world’s third-largest recruiter, Manpower Group, showed that 35 percent of nearly 40,000 employers surveyed globally during the first quarter of 2013 reported difficulties in finding staff with the right skills – the highest shortage since the start of the recession.

Of those, 54 percent of employers believe this will have a high or medium impact on their ability to meet client needs, an increase from 42 percent in 2012.

The survey showed that, despite the record number of people unemployed and looking for work, many of them “often simply do not possess the key skills employers are looking for, indicating a clear mismatch between educators and employers in preparing young people for the workplace,” Manpower’s survey said.

The research reveals that talent shortage is endemic across the world but has been felt most acutely in Japan (85 percent of employers), Brazil (68 percent) India (61 percent), Turkey (58 percent) and Hong Kong (58 percent).

CNBC [1]

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Mingze Wu

Mingze Wu [6]

Currency Analyst at Market Pulse [7]
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu
Mingze Wu

+Mingze Wu [10]