Jobs and Skills

The pros and cons of a tight jobs market

A 'We are hiring' and 'Apply today' signs hang on a door.

Vacancies have been hard to fill for several reasons. Image: Unsplash/ Eric Prouzet

Romain Duval
Marina M. Tavares
Economist, International Monetary Fund
Myrto Oikonomou
Economist, Structural Reforms Unit of the Research Department, IMF
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Chart showing how unfilled job vacancies have risen above pre-pandemic levels in some countries.
Unfilled job vacancies have risen above pre-pandemic levels in some countries. Image: Australian Bureau of Statistics

Chart showing impact of tighter labour market on US industries across the economic spectrum.
A tighter labour market pushes up wages more in low-wage industries than in others. Image: Australian Bureau of Statistics

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