Megatrend and Intervention Impact Analyzer for Jobs: A Visualization Method for Labor Market Intelligence

• Main Authors: Opik Rain, Kirt Toomas, Liiv Innar
• Format: Article
• Language: English
• Published: Sciendo 2018-12-01
• Series: Journal of Official Statistics
• Subjects: labor market; megatrends; big data; visualization; network theory
• Online Access: https://doi.org/10.2478/jos-2018-0047

This article presents a visual method for representing the complex labor market internal structure from the perspective of similar occupations based on shared skills; and a prototype tool for interacting with the visualization, together with an extended description of graph construction and the necessary data processing for linking multiple heterogeneous data sources. Since the labor market is not an isolated phenomenon and is constantly impacted by external trends and interventions, the presented method is designed to enable adding extra layers of external information. For instance, what is the impact of a megatrend or an intervention on the labor market? Which parts of the labor market are the most vulnerable to an approaching megatrend or planned intervention? A case study analyzing the labor market together with the megatrend of job automation and computerization is presented. The source code of the prototype is released as open source for repeatability.