Understanding the job market
The debate has been on about the runaway unemployment rates in Uganda and generally in Africa. Hundreds of thousands of graduates are released from higher institutions of learning but most of them fail to get jobs yet employers insist they cannot find people to employ. So where is the mismatch? Job Mart explores the issue A recent study revealed something interesting. In 2017, Fuzu, an online career development platform, looked at 30,000 job adverts that ran on the platform and separated this out into three sets of data. The report looked at the percentage of jobs in a certain industry, the total number of postings and percentage of applicants for roles within those jobs. This was to establish the simple equation of supply and demand to better inform both job seekers and employers where the biggest mismatch was happening. This was the skill gap analysis. Fuzu also collected data from their user base as well as job seekers over a 12-month period to gain deeper understanding of the skills gap at different levels. The data set shows that information segmented into job seekers with less than two years experience, two to seven years and seven years and above. This data was….
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