Cedefop project on real time labour market information

The Cedefop project on real time labour market information is an on-going project to develop a prototype tool that collects and analyses online job vacancies. In this project, the European Centre for the Development of Vocational Training (Cedefop) uses big data analyses to draw conclusions on skills requirements and trends in the European labour market. It includes data from selected online job boards of several Member States. It shows the added value, real-time labour market intelligence can add.

The preliminary results of the project were released in 2019, covering 16 Member States (Austria, Belgium, Czech Republic, Denmark, Germany, Hungary, Spain, Finland, France, Italy, Ireland, Luxembourg, the Netherlands, Poland, Portugal, Sweden and Slovakia) and the United Kingdom. Work to include data from other Member States is ongoing.

The analysis provides information on most required occupations and skills across European countries and regions based on established international classifications: ISCO-08 for occupations, NUTS-2 for regions, ESCO for skills and NACE rev. 2 for sectors.

The project represents a perfect example of on how semantic assets such as ESCO can be applied to labour market intelligence and big data analysis. The ESCO skills concepts are used in the project to classify relevant information on skills required by employers within occupations. Moreover, due to this collaboration, CEDEFOP will be able to provide very valuable information about emerging skills that should be included in ESCO in its next versions.