labour market
The trends, functioning, and fluctuations of the labour market, career options, wages, unions, working population and the supply and demand of certain professions in a sector.
labour market — the trends, functioning, and fluctuations of the labour market, career options, wages, unions, working population and the supply and demand of certain professions in a sector. McKinsey's Skill Change Index places it in the declining band (SCI 54.34/100) — a skill likely to fall in demand as AI and automation cover more of its ground by 2030. ESCO classifies it as a cross-sector (useful across many industries) skill within knowledge. It is currently listed by 3 occupations in our catalogue, including career guidance advisor, labour market policy officer, and compensation analyst.
Occupations that require labour market
Showing top 3 of 3 occupations · ranked by India employment volume, then AI-durability.
Frequently asked questions
What is labour market?
The trends, functioning, and fluctuations of the labour market, career options, wages, unions, working population and the supply and demand of certain professions in a sector.
What category of skill is labour market?
ESCO classifies labour market under the knowledge category, specifically in the social work and counselling subcategory.
Is labour market an AI-durable skill?
McKinsey's Skill Change Index places it in the declining band (SCI 54.34/100) — a skill likely to fall in demand as AI and automation cover more of its ground by 2030. Prioritise this skill only when it directly enables paid work today — plan for AI to absorb more of it every year.
Which jobs require labour market?
In our catalogue, 3 occupations list labour market as a required or important skill. The top occupations by employment volume include career guidance advisor, labour market policy officer, compensation analyst.
How transferable is labour market between industries?
ESCO tags labour market as a cross-sector (useful across many industries) skill — a signal of how portable it is when you change field.
Is labour market the same as labour markets?
Yes — labour market is also known as labour markets, labor market, job market, or employment market. They refer to the same underlying capability in the ESCO taxonomy.
How can I learn labour market?
The most reliable path is to pick a job or project that demands labour market and learn through delivery. Complement that with role-specific roadmaps and short courses. Explore the occupations below to see where this skill is used in practice.