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On the occasion of Labor Day… 14 million jobs could disappear within 5 years

May 1, 2023

What do the forecasts say?

A quarter of global jobs are set to change over the next five years, according to the Future of Jobs report, published by the World Economic Forum.

The same report revealed that:

• Employers expect to create 69 million new jobs by 2027, compared to the loss of 83 million jobs. This means that 14 million jobs will disappear, worldwide, during this period.

• Autonomous and electric vehicle specialists top the list of fastest growing and fastest growing jobs, with projected growth of more than 40% over the next five years.

• They are followed, at a small margin, by specialists in artificial intelligence and machine learning, and by specialists in environmental protection.

The most important jobs that will experience the fastest rate of decline are:

• Bank employees, with an estimated decrease of 40%.

• They are followed by administrative and executive secretaries, accountants, bookkeepers and periodical clerks, who together account for more than half of all projected job losses worldwide.

In the balance of work and unemployment: there are more than 3 billion and 300 million workers, all over the world.

On the other hand, unemployment is expected to reach 208 million people this year.

Read the Latest World News Today on The Eastern Herald.

Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.

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