The major trends in the labour market are.
I. Recruitment ban/squeeze in public sector and government employment.
II. Increasing open unemployment.
III. Decreasing formal sector employment in relative terms.
IV. Growing casualization and contextualization of labour.
V. Falling employment elasticities.
VI. Emergence of global chains splitting production processes into different parts disperses over several locations.
VII. Mergers, acquisitions, divestures, and other ownership changes and consequential pressure on doing more with less.
VIII. Significant workforce reduction in both the public and private sectors.