The future of jobs: According to the WEF, the labour market is also being disrupted by automation and greater adoption of technology with a growing demand for emerging roles such as data analysts and artificial intelligence specialists.The number of jobs in the private sector fell by 181,000 to 8.47 million jobs in the third quarter of this year compared to 8.65 million in the same period last year, according to the Statistics Department.
The monthly number of job vacancies recorded by Ilmia showed a steep fall from 50,334 in February to 9,474 in April before rebounding to 24,872 in June.For the second quarter of this year , plant and machine operators occupied the top spot with 11,428 vacancies. In this regard,"The Future of Jobs Report 2020" report released last month by The World Economic Forum sheds some light on the matter.The labour market is also being disrupted by automation and greater adoption of technology.“In addition to the current disruption from the pandemic-induced lockdowns and economic contraction, technological adoption by companies will transform tasks, jobs and skills by 2025, ” said the report.
However, the WEF report does provide an insight into some of the possible up and coming hot jobs and those which could be transformed into new roles due to technology and automation. Employment portal JobStreet Malaysia country manager Gan Bock Herm when asked about the WEF report findings said there was a growing demand for emerging roles such as data analysts, artificial intelligence , machine learning, robotics and cybersecurity specialists.
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According to a recent study of the tourism industry, there is a growing skills gap among current workers in the industry and fresh graduates. Check out our interactive story on the vacancy rate and ratio of new hires for each sector in the industry.