The coronavirus pandemic has had a profound impact on the global jobs market, according to data compiled by LinkedIn, with the economic crisis forcing businesses to cut jobs and slow hiring in most areas.
A report from the United Nations’ International Labour Organization has estimated that the number of working hours lost in the second quarter of 2020 is expected to be the equivalent of 400 million full-time jobs.
It means seeking out positions that are in-demand from employers and re-training accordingly are among some of the potential solutions to gaining an edge in this competitive jobs climate.
In the U.K., for example, LinkedIn said that the jobs market is currently three times more competitive when compared to the same period last year.
Josh Graff, U.K. country manager at LinkedIn, told CNBC’s “Squawk Box Europe” that Britain is facing the “toughest labor market in a generation” as a result of the economic fallout from Covid-19.