Global labor market will lose 14 million jobs over the next five years: report

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Global labor market will lose 14 million jobs over the next five years: report
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World Economic Forum report says clerical and secretarial roles will decline the fastest.

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The global job market will take a hit in the coming five years, according to a new report from the World Economic Forum.

The Future of Jobs Report, a survey of 803 companies, estimates that 83 million jobs will be lost through 2027, while 69 million jobs will be created — a net decrease of 14 million. “AI and Machine Learning Specialists top the list of fast-growing jobs,” the report said. Other hot positions include business-intelligence analysts and information-security analysts.

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