Job Market Monitor
UK
Growth and Skills Levy in UK – Creating a skills system that adequately encourages genuine apprenticeships
In this report, Baroness Alison Wolf calls for the new Growth and Skills Levy to focus on young people, have greater local involvement, and distinguish between apprenticeships and workplace upskilling. The report outlines short- and long-term strategies for creating a skills system that adequately encourages genuine apprenticeships. KEY POINTS Apprenticeships are critical for filling skill … Continue reading
EDI in UK – New report seeks to end ineffective practices
The independent Inclusion at Work Panel has today published a report on the state of equality, diversity and inclusion (EDI) business practices in the UK. Expert panel sets out how employers can move beyond ineffective diversity and inclusion practices New research finds employers aren’t properly equipped to implement EDI policies that are based on evidence, … Continue reading
Recession in UK – Stubbornly struggling to grow, with that reality partly hidden by exceptional levels of population growth
Slowly shrinking Let’s start with the basics – what’s dominating most of the (slightly odd) coverage today. At 7am this morning the ONS confirmed what markets were expecting: the UK entered a technical recession in the second half of 2023. A GDP fall of 0.3 per cent in the final quarter of the year meant … Continue reading
Job Report in UK (2023) – The labour market has continued to cool
This morning we got (almost) the full set of labour market data up to the end of 2023. The release sheds light on a whole host of important policy issues, from how tight the labour market is to the scale of the rise in worklessness due to ill health. So, what have we found out? … Continue reading
Construction Skills Fund in UK – Did not meet its target for the proportion of ready participants finding sustained employment of at least three months
The Construction Skills Fund 2 (CSF2) was funded by the Department for Education (DfE) and administered and implemented by the Construction Industry Training Board (CITB). Funding of £7.5 million was awarded to 14 projects (hubs) to deliver training and job brokerage. Training activities took place between April 2020 and March 2021, with participants’ outcomes monitored … Continue reading
Careers Guidance in UK – Careers Leaders do not always have the time and capacity to effectively fulfil their role
The system of careers education, information, advice and guidance (CEIAG) has seen much change in recent years. Since responsibility for CEIAG was transferred to schools and colleges in 2012, the landscape has developed significantly, in particular with the introduction of the Gatsby benchmarks and the 2017 Careers Strategy. We appear to have reached a point … Continue reading
Strategic Sectors in UK – How to situate a skills strategy in an economic strategy
Investing in human capital is a crucial aspect of building an economy that is both more productive and fairer, and any growth strategy must incorporate an agenda for increasing human capital and workforce skills within that. So how should we approach the task of developing a skills strategy that complements a broader economic strategy? In … Continue reading
AI Digital Skills in UK – Microsoft to train 1 million people
Microsoft is expanding its UK skilling program, Get On, aiming to equip 1 million people with the skills needed to thrive in the AI-enabled economy. Expanding Microsoft’s skills commitment Speaking at Microsoft’s Envision UK event, Clare Barclay, CEO of Microsoft UK, said: “The UK has a very real opportunity to be a leader in the … Continue reading
Investment in Training in UK – A significant decline in participation
The UK has seen a significant decline in investment in adult education and training. This chapter analyses how the skills system should be reformed. Key findings 1. The UK has seen a significant decline in participation in adult education and training. The number of publicly funded qualifications started by adults has declined by 70% since … Continue reading
Inactivity among Older People in UK – Creating a healthy labour market
Over recent years, the number of people in the UK who are economically inactive has risen sharply. In total there are 440,000 more people who are neither in work nor looking for work now than there were before the Covid-19 pandemic began. This has been largely driven by an increase in the numbers of older … Continue reading
Lifelong learning in UK – People invest more than the Government and employers, but there are stark inequalities between groups
People invest £7.3 billion a year and £55 billion worth of time in learning. This is more than the Government and employers invest in learning and skills, but there are stark inequalities between groups. This report provides the most detailed snapshot seen of which groups of adults are investing in learning, and how much, and … Continue reading
Other EU nationals in the UK – 2.32 M nationals of them working, just over 7 per cent in 2017
This briefing paper provides an overview of nationals of other EU countries who are working in the UK: how many are employed in the UK, what kind of work do they do and where do they live, and how numbers have changed over time. In the first quarter of 2017, there were 2.32 million nationals … Continue reading
Low-Paid Workers in UK – Too many low-paying jobs do not offer good work
Good work is key for people’s sense of wellbeing. This month’s CentrePiece cover story reveals how conditions for the lowest-paid workers have been eroded, despite the success of the national minimum wage. The priority now must be to provide a broad-based platform for treating lower earners with dignity. The ramping up of the national minimum … Continue reading
Current and Future Skills Needs in UK – Core transferable skills are often under-invested in by firms in comparison to firm-specific skills
This report provides an overview of the Skills and Productivity Board’s work to document the skills needs of the economy now and in future, with a view to identifying skills mismatches and growing areas of skills needs, both across the economy as a whole and in a small number of priority areas (Health, Science and … Continue reading
Inflation in UK – Real wages fall at the fastest rate on record
Today’s labour market data tell us a bit more about how the labour market is responding to high inflation and the cost of living shock. We see some things we would expect, some things which may be surprising, and much that remains unresolved. The most eye-popping statistic in today’s labour market data is also the … Continue reading
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