AI for Labor Market Analysis: Presentation at the CEDEFOP and Eurostat Conference
Traditional methods based on keyword matching to identify skills demanded by employers are unreliable due to the complex morphological variability of natural language and the specific multi-word expressions used in standardized databases. The approach proposed by our researcher relies on an AI agent-based system. Instead of blindly matching keywords, the agent performs multi-step extraction tasks, such as filtering out irrelevant fragments, identifying the industry context, extracting skills, and standardizing them based on the ESCO knowledge graph.
Due to the vast number of possible classes, performing this task manually is highly error-prone. While the AI-driven process ensures reliable results, it is computationally intensive. Therefore, this solution can be applied to verify the quality of other methods in this field or to process relatively small datasets.
Reliable, large-scale extraction of this information allows for tracking labor market trends regarding skill and competence demands. Aggregating these data for public statistics institutions could help shape social, educational, and economic policies based on current, real-world labor market data.