1、Click here or press enter for the accessibility optimised versionWorkforce TrendsReport2025|Issue2Click here or press enter for the accessibility optimised versionIntroductionThe global labor market is undergoing significant transformationsdriven by a combination of technological advancements,demogr

2、aphic shifts and economic uncertainty.Nearly two years afterthe pandemic ended,disparities between developed and emergingmarkets are becoming more pronounced.High-income countries areexperiencing tight labor markets,while low-and middle-incomecountries face elevated unemployment rates driven by a hi

3、ghpercentage of educated youth,skills mismatch and economicslowdown.The recent US tariffs and economic tensions with Canada,Mexicoand China could also have several significant impacts on the labormarket.These tariffs will likely increase production costs forbusinesses that rely on imported goods,lea

4、ding to higher prices forconsumers and potentially reducing demand for certain products.This could result in decreased production and,consequently,joblosses in affected industries.Retaliatory tariffs from these countries could also harm US exports,further impacting industries that rely on internatio

5、nal trade.Theoverall effect could be a reduction in GDP and employment,withestimates suggesting a loss of around 142,000 full-time equivalentjobs due to the tariffs imposed during the 2018-2019 trade war.Inthe long run,these trade tensions might also discourage investmentand innovation,as businesses

6、 face uncertainty and higher costs,leading to an economic slump which will limit future job creation.The Wage IssueIn this issue of the Workforce Trends Report,we provide a comprehensive analysis of wage growth trends across North America,Latin America,Europe and the Asia-Pacificregion,highlighting