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Spain will be short of 1.9 million highly-skilled workers in 2020, according to an employment forecast released by Randstad Spain. The recruiter expects the country to have created 4 million jobs by 2020 which require highly-skilled employees.
The report states that in seven years’ time, 2.1 million new workers will have completed their studies and entered the labour market. Half a million of unemployed skilled workers are expected to have reintegrated into the job market while at the same around 540,000 are forecast to have retired by then.
This will lead to significant mismatches in the labour market, the staffing firm warned, as nearly two million skilled jobs will be left unfilled by 2020.
According to the report, demographic changes will also cause discrepancies in some sectors where there will be more workers available than jobs while others will suffer from clear shortages. It estimates that there will be too many workers in the manufacturing and construction sectors, compared to the level of available jobs. Meanwhile trade and business services will be short of skilled staff with demand not matching supply.
The report also estimates there will be 35 million unfilled jobs in Europe by 2050. These disproportions will be caused by economic cycles, the constant creation and destruction of jobs, disparities between the educational levels of workers, changes in work requirements and technology.