Economic optimism but learning market under pressure
While there are signs of a cautiously optimistic job market in the wider economy the learning market remains challenged.
A report from contingent workforce management business, Magnit, into employment across Europe shows signs of optimism - Spring/Summer 2024 Europe Labour Market Report: Europe-wide unemployment is at a record low of 5.9%; Vacancy rates have stabilised with healthy demand for skilled workers; Germany and the UK have the highest number of job vacancies across the region.
While the wider economy shows signs of optimism, learning and development remains under pressure. Two reports in February: Fosway's report into the Learning Systems market said growth had ‘slowed considerably’; Blue Eskimo's Work and Salary report provides an employment lens, showing increased L&D redundancies and tightening budgets.
Next week we will get Fosway's report into the digital learning sector. Will this show that economic conditions are also showing signs of optimism and improving for L&D, or that L&D remains behind the curve?
Join Myles Runham from Fosway and Rob Clarke from Learning News on 26 March for the latest on the economic conditions in the digital learning market. View on Learning News from 1 pm 26 March, or follow on LinkedIn.