🏫 30% of EU Firms Face Skill Shortages. 20% Fewer Childcare Providers. Health Sector Wages Up 120%.
Chart of the Day #282 looks at Childcare Providers in England, EU manufacturers, and health sector wages in the US.
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Google Partners with Poland to Boost AI and Digital Skills. The US Department of Energy laid off 1,200 to 2,000 workers, mainly probationary employees in administrative and technical roles. NSW Pledges $5.5M for Coffs Harbour Health Housing. HP Announces Launch of Manufacturing Facility in Riyadh.
The Malaysian government has allocated $2M for a pilot project that will send teachers abroad to undergo leadership and artificial intelligence (AI) training. Google and Microsoft are partnering with Telangana to enhance AI-driven education through skilling programs, including AI training for students. The Korea Internet and Security Agency (KISA) has launched a cybersecurity program to train 100,000 cybersecurity professionals by 2026.
Today's Topics
🏫 Childcare. 20% less childcare providers in England
🏭 Advanced Manufacturing. 30% of EU firms reported skill shortages
⚕️ Healthcare. 120% rise in health sector wages in the US
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🏫 20% Less Childcare Providers in England
England's childcare providers declined nearly 20% from 66K in 2018 to 54K in 2024, with the steepest drop between 2021-2024 due to financial constraints and staffing shortages. The government addresses this through initiatives like the Early Years Foundation Stage (EYFS), Tax-Free Childcare (TFC), and expanded free childcare.
🏭 30% of EU Firms Reported Skill Shortages
In 2023, 54% of EU businesses reported significant manufacturing skills shortages, threatening competitiveness and the green-digital transition. Demographic shifts and technological advancements exacerbate the issue. The EU addresses this through the European Skills Agenda 2025, aiming to upskill 120 million adults, alongside initiatives like the Pact for Skills and EIT Manufacturing Strategic Agenda. The Advanced Manufacturing Industrial Strategy and European Year of Skills 2024 further support workforce development, yet scaling investments and harmonizing certifications remain critical challenges.
⚕️ 120% Rise in Health Sector Wages in the US
Between 1990 and 2024, US health sector earnings rose by nearly 120%, significantly outpacing the 39% increase for all other employees, driven by rising demand and labor shortages. Federal initiatives, such as the American Rescue Plan and HRSA funding, have expanded training and incentivized service in underserved areas. These efforts aim to stabilize wage growth and enhance care access, reflecting a strong commitment to strengthening the healthcare workforce amidst evolving demographic challenges.
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